Kerry: Bush is out of touch reality and fails Small Business again

Kerry: Bush is out of touch reality and fails Small Business again...
October 31, 2005

Today Senator John Kerry criticized the Bush Administration for sending up a third Hurricane relief proposal that is out of touch with the needs of the estimated 200,000 small businesses struggling to stay in business or reopen after the disasters.

“This is the White House's third funding request for Hurricane Katrina relief, and all three cheat small businesses and the people who work for them,” said Kerry, top Democrat on the Committee on Small Business and Entrepreneurship. “How long will it take before this Administration realizes that the key to the Gulf Coast's recovery is rebuilding the small business economy?”

Two weeks ago, Kerry wrote a letter with Senators Mary Landrieu (D-La.), Olympia Snowe (R-Maine), and David Vitter (R-La.) to the head of the Office of Management and Budget asking the Administration to redirect to small businesses $720 million of the $42 billion sitting idle at FEMA. In this latest Hurricane Katrina funding request, the Administration agreed to redirect some money, but ignored the Senators’ comprehensive solution.

Of the $17 billion redirected from unused Federal Emergency Management Agency (FEMA) funds, the Administration only requested money for the SBA’s disaster loan program. That funding is insufficient to meet the needs of small businesses, which are also clamoring for contracting assistance, SBA counseling, and bridge funding from the states.

MORE - http://blog.thedemocraticdaily.com/?p=1008

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small businesses. if they were wise, they would realize that money invested now will reap big rewards later. My guess is the Bush Administration is not going to be around to take the credit, so they don't care.

he doesn't care about small businesses only BIG corporations.

Mid sized business is toast. It will be monoliths and small business. That is what happens during deregualtion. Bush knows that. He knows if he doesn't fund small business that it will all go to the monopoly boys.