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Obama Signs Multi-Billion Dollar Measure That Aims To Help Small Businesses, Create Jobs

September 30, 2010 by  

Obama signs multi-billion dollar measure that aims to help small businesses, create jobsIn an effort to stimulate job growth and revive entrepreneurship, President Barack Obama signed a $42 billion bill on Sept. 27 to help small businesses in the United States.

The Small Business Jobs Act authorizes the creation of a $30 billion fund that will allow banks to increase their lending amount to small companies. The legislation, which was approved by Congress last week, also provides new tax breaks to small businesses, increases Small Business Administration (SBA) lending limits and waives SBA loans fees.

Obama called the bill "a great victory for America's entrepreneurs." Top Republican officials, however, were not as enthusiastic.

"Unfortunately, this bill does nothing to help end the uncertainty that is crippling job creation and hurting small businesses," House Minority Leader John Boehner (R-Ohio) said. "Instead it puts taxpayers on the hook for even more bailouts."

According to a recent survey by the Office Depot Small Business Index, most small business owners have no intention of adding jobs in the near future. Of those surveyed, 81 percent said they are not expecting to hire new staff within the next six months. Hesitant business owners cited reasons such as fear of higher taxes, increased healthcare costs and economic uncertainty.

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  • s c

    In other words, if this ‘stimulus’ won’t solve anything, then Uncle Scam is trying to BUY success. Some people (mainly government types) just can’t get it through their empty heads that throwing money at a problem is rarely an answer – let alone THE answer.
    Mr. Obama just doesn’t get it. The move almost has the stench of someone trying to buy votes. I suspect that the prez is very close to knowing without any doubt at all just what most Americans think of him.

    • http://?? Joe H.

      sc,
      where does the other 12 billion go? He passed a 42 billion bill and sets up a 30 billion pool. Where does the rest go?? PORK most likely!!!

      • s c

        JoeH, Washington being what it is, and Obummer being what and who he is, I’d say there’s another slush fund being set up, so when it’s convenient, our wannabe slave masters can step in and try to pull off another immoral, anti-American ‘hope and change’ debacle.
        It’s getting harder and harder to tell the difference between organized crime and this twisted collection of America-haters.

      • 45caliber

        Joe:

        Hey, Oblama is the President! Right? He won! He will tell you so. So he needs to get rich on it someway. Millions of dollars are so passe. Billions are the things now. I’m sure he’s given it to someone who will be willing to return the favor later. Soros, maybe. After all, Soros has been spending a lot lately to try to keep the Dim’s in office.

        • JeffH

          45caliber, excellant point.

        • http://?? Joe H.

          Tell it like it is!!!! Way to go 45caliber!!!

    • EddieW

      Sooo…for the moment anyway..Obummer pretends to care about jobs!!!
      and about trying to help small business…the very thing his socialism seeks to destroy…so therefore just another lie by the king of liars!!!

  • DaveH

    Sure, take money from Obama. He wouldn’t use that as leverage to take over your business, would he? NAH! Ask GM.

    And don’t listen to FoxNews, Obama says they have a point of view (unlike our Fuhrer):
    http://www.newsmax.com/InsideCover/ObamaFoxNewsMurdoch/2010/09/28/id/371787?s=al&promo_code=AE38-1

  • DaveH
    • Michael J.

      DaveH,
      The scene in Obama’s White House may resemble rat’s fleeing a sinking ship in the coming weeks. Vermon infestors like Rahm Emanuel and other top aides seek to exit while their reputation is still somewhat intact. Rahmbo figures he’s a shoe -in for mayor, but may discover that even Chicagoans have seen the light and it aint coming from Emanuels halo. He still has a shot however, with the help of Acorn and the unions specialized creative political tactics. He’ll also need a new mantra, “Hope and Change” has been patented by others.

  • Michael J.

    Hey Barak, I got a better idea, Get in front of the telepromter today and tell the American people, Hey, remember that Obamacare thing? Forget about it, we’re not gonna do that. And the Bush tax cuts, we’re gonna keep them. And Cap & Trade, I was just kiddin about that! Heh, Heh, Heh. And starting tommorow we will starting utilizing our own domestic resources of oil, natural gas and so on.

    Just these few thing would create an overnight resurgency in the economy. However, this will never happen because Obama never did and never will intend to fix anything in this country full of people and their beleifs that he despises.

    • Fay

      I couldn’t have said it better.

    • DavidL

      Ten years ago, Congress passed broad income tax cuts. But in a cynical accounting trick designed to mask their long-term impact, they scheduled these cuts to expire next January. Now we are approaching that cliff, and millions of Americans are facing thousands of dollars in higher taxes on January 1.

      That’s why PRESIDENT OBAMA IS FIGHTING TO EXTEND THE TAX BREAKS FOR MIDDLE CLASS AMERICA.

      Under the President’s plan, the tax cuts would be permanently extended on incomes up to $250,000, which includes 98 percent of American taxpayers. This is fair, just and crucial for our economy.

      Middle class Americans saw their incomes shrink during the last decade, and have borne the brunt of the recession. They need the relief, and America needs a strong, thriving middle class. Because middle class families are most likely to spend this money quickly, these tax cuts give our economy a much needed shot in the arm.

      Seems like a no-brainer, right? Not to the Republican leaders in Congress.

      They’re holding these tax cuts for the middle class hostage, demanding that we also lift the cap and extend the breaks to millionaires and billionaires.
      The Congressional Republican tax cut plan would add an additional $700 billion to the deficit over the next ten years and give America’s wealthiest people an average tax break of $100,000. To top it all off — the nonpartisan Congressional Budget Office has found that giving a huge tax break to the wealthiest Americans is one of the least effective ways to stimulate our economy.

      Adding hundreds of billions of dollars to the deficit while doing very little to grow our economy, put people back to work or strengthen America’s middle class is exactly the kind of economic policy that got us into this mess in the first place.

      We simply cannot afford to go back to their failed policies. It’s time for Congressional Republicans to stop playing politics with tax cuts for the middle class.

      • Michael J.

        DavidL,
        The ten year sunset clause on the Bush tax cuts was to accomodate the Democrats wishes. So don’t blame accountants.

        And this proposed small business loan package is nothing but the newest Obamaruse that will never find it’s way to small business because of the miles of red tape, but will instead become another slush fund for only Allah knows where.

      • TIME

        And thats only part of the reasons why I will not pay taxs to this corrupt government again. They have seen my last dollar.
        Nor am I going to pay in to Social Security ever again.

        Oh I am just one of many who are not going to pay anylonger.

        Enough is enough, I can’t see paying for my own destruction, how about YOU?

        • eddie47d

          Time,Out;Are you serious or just grandstanding? Many have tried and many have failed and some said the same thing under the corrupt Bush government. You’re sounding like those in the 60′s who said they wouldn’t pay taxes because of the Vietnam War. Some on this site say all taxes are illegal. Some don’t want to pay taxes for education.Some don’t want any taxes going to the defense industry.Some didn’t want taxes for the space industry (spend money here on earth not on the moon).Everyone has their favorite anti-tax proposal. You mentioned months ago what you’re worth was so maybe you have enough wealth where you don’t have to pay into social security. Some don’t have that luxury.

          • TIME

            Eddie, I am not grandstanding, what I say is what I mean.

            The Federal Government has no busines taxing your “work product,” read the law as its written, its very clear so much so that anyone can understand it.
            It clearly states the only income that can be taxed is from;
            {Capital Gains, or Dividend income.” In plian words stocks and bonds I don’t invest in either.

            The facts are I have never supported any war nor have I found any of the wars we have been involved with other than the Revolution that started this country of benifit to Us in anyway shape or form.
            Every war since has been nothing but “population control” as well to see how well “new tec toys” worked.
            Therefor I will no longer support our governments out of control behavior.

          • eddie47d

            Time; Thank You

      • Vigilant

        The only “no-brainers” I detect are the socialist rantings of DavidL, because you would need no brain to agree with him.

        He obviously (1) didn’t read the following: “According to a recent survey by the Office Depot Small Business Index, most small business owners have no intention of adding jobs in the near future.”

        And (2) doesn’t know or refuses to admit that the bulk of people who make over $250K are small business owners. They recognize that Obama throwing them a bone to help avert the coming Mid Term disaster is just a token gesture. On Jan 1, if the socialists in gov’t have their way, small business will again be hit with a job-killing tax hike. And small business, my friend, is what generates the lion’s share of jobs in this country.

        Pravda is looking for journalists. Why don’t you apply?

      • DaveH

        Obviously, David, you know little about economics. Those rich people are the ones who invest their money in capital goods. While they are using their money to create business and produce our goods, most of the lower income people are consuming those goods as fast as they can spend their money.
        So, go ahead, David, kill the golden goose, but I hope those around you remember that you aided and abetted the takers when we become a tumultous third world country.

      • newspooner

        What kind of a moron are you?

        First of all, I earn much less than $250,000 per year.
        I earned less in 2009 than in 2008. Yet my 2009 taxes were a bit HIGHER. And they will be higher again in 2010. So imagine what will happen in 2011!!! With dividend and capital gains rates going up, I will be paying higher taxes. And then comes the big one — my health insurance (which also went up in cost this year) will be added to my gross income, and I will be paying another $2000 more in taxes in 2011. Juan Peron Obama said that nobody earning less than $250,000 per year would have a tax increase. He is a damn liar. An you are a damn fool.

        • newspooner

          Because it might be getting a little bit confusing to follow, I want to make it clear that my comments are aimed at DavidL, not at Dave H.

          • http://?? Joe H.

            We knew that!!!

      • Margaret

        Obama could take a lesson from John Kennedy who also saw the importance of tax cuts to the wealthy. He had the good sense to know what would truly stimulate the economy. When those with $$ can spend it to create jobs the nation becomes more secure. But then, would The Big O really do that? I sure hope The Big O comes to mean ostracized and the sooner the better.

  • Angel Wannabe

    Keep the Bush tax cuts in place for ALL! You idiots in Washington are acting like ya STILL don’t get it, but we know ya do!__We know that you know full well, what your doing. Reality, More money left in peoples pockets = more spending!__More money left in the Job Creaters pockets = more jobs!__At’s pretty simple I’d say.
    You put a jobs bill in place which means, the job creaters can borrow more money & get further in debt._-Instead of using a straight highway, ya take the backroads. Just a bunch of Haaavid elitist controlling idiots!

    • DaveH

      Excellent, Angel. I hadn’t thought about that, but you’re right. First they tax the money away from those that are doing the right things and then hand it out to those that aren’t. Redistribution of wealth. They are simply buying votes with public money. This administration is just plain evil, and so are those that defend their larceny.

      • Angel Wannabe

        DaveH, Someone up farther on the thread, also had a great point, although Bambi put a jobs bill in place, they doubted if the job creaters would ever get to it, due to all the red tape__-So in essence all the effort in this bill, is nothing more than a TOKEN effort, a smoke screen!

    • 45caliber

      Angel:

      All the “Haaavad elities” reminds me of a group of Harvard students that showed up on Padre Island about twenty years ago during a Spring Break. 6 of them. They started selling cocaine out the back of their pickup parked on the beach. When the police arrested them, they announced that they were Harvard law students and therefore exempt from arrest by any hick police.

      As far as I know they are still in jail. Should be, anyway.

      • Angel Wannabe

        45, The good works his mysterious ways, doesn’t he?

        • Angel Wannabe

          ok how about this, THE GOOD LORD WORKS HIS MYSTERIOUS WAYS, DOESN’T HE??___NOW I GOT IT!!!—-LOL

  • JC

    In an effort to stimulate job growth and revive entrepreneurship, President Barack Obama signed a $42 billion bill on Sept. 27 to help small businesses in the United States.

    Should read:

    In an effort to control job growth and direct entrepreneurship, President Barack Obama invented $42 billion bill on Sept. 27 to help small businesses in the United States become indebted to the Government.

  • J.M.R.

    IF YOU BELIEVE THAT CROCK FROM THE DICK-TATER I WILL SELL YOU THE BROOKLYN BRIDGE

  • Doc Sarvis

    Stimulus money to help small business is what Republicans have been belly aching about for months (and longer) and when President Obama implements that strategy the Republicans are against him anyway. The Party of No.

    • s c

      DS, repudiate this herd of criminals, open your eyes and learn the difference between crap and apple butter, and you’ll have more cooperation than you can believe in one day.
      Or, continue to suck up to a Gestapo-like administration, and you know what you can do and say. YOU’RE the ones who have not a clue. The real world and what you believe are two different things.
      It’s YOUR obligation to wake up, and stop mainlining that DAMNED progressive drug. You can NEVER say you weren’t warned, comrade.

      • eddie47d

        Good ol’ sc always full of fascist mind controlling propaganda in her every comment.You’re so predictable and you have your rants down even before a Livingston story breaks.sieg heil!

    • Robin from Arcadia, IN

      Doc… Small business owners should watch for the small print with these loans. The government could end up owning a lot of them, especially if the government turns around and raises taxes on businesses and if business owners have to pay for Obamacare. There are a lot of things to consider. It sounds great on the surface, but it really should have been done over a year ago.

      • Angel Wannabe

        Your right Robin, we’ve got enough deb! Washington needs to ACTUALLY READ THE CONSTITUTION, and go the hell back and do what we voted them in to do, nothing more!_ They act as if they represent us, and then treat us with contempt, by passing friggin bills and amendments, that no one benefits from!__They’re nothing more than a bunch of lousy actors!__Again_ they’re wackjobs!

        • http://?? Joe H.

          Angel Wannabe,
          you mean they can READ?!?!?!?!

      • Bluebonnet

        You really have a great point there, Robin. Always read the fine print! Congress can’t even read a bill they sign, much less comprehend what is in it. They have said so openly. Besides which, the health care bill is still being written as we speak. Grounds for impeachment and recall of elected officials. But, the voices are not loud enough….and, even if they were, nincompoops like those on MSNBC and other controlled news outlets would still spew their left brain mantra of hate to get their kicks. I watch them with the mute button on just to read their minds. LOL. A facial expression is worth a thousand words.

    • Craig

      So how are loans gonna help small business out when they have no customers? You need customers buying more of your product so you can expand and hire more employees. Nobody is buying what is not absolutely necessary. The chocolate Marxist is only pretending to help out small business.

      • Disgusted

        You are exactly right. People aren’t spending money on anything that is not an “essential” right now.
        Obummer is such a horses a$$ – his entire term as president has been one blunder after another. He should have said absolutely not to the bailouts. He should have held off on obummer care until we as a country are more financially stable, there are things hidden in that healthcare bill that none of us even know about yet, we will be paying more in every aspect of our lives to pay for it. Just wait.

    • Bluebonnet

      Somebody has to say NO to this madness and obvious incompetency. Most all bills passed by Congress all have unrelated trash and more trash added to them, like in a garbage truck. Democrats are in complete comtrol now so have pushed through bills they do not read, a pattern of ignorance on their part.
      BTW, who is paying for Obama’s campaigning for himself and the Democrats? Who reimburses the taxpayers for all of this one-sided campaigning? Isn’t this a violation of campaign laws, such as they are? Everyone in Washington, D.C. goes home now for campaigning to become re-elected. Re-elected to do what? More of the same? If we do not bring our manufacturing base back to this country, we will continue down the road of decline. Taxes, unreasonable restrictive laws, and the unions are out of control. Our manufacturing bases mostly left this country inthe 90′s under Clinton. The housing industry is the backbone of this country. If we can’t build structures, we can’t manufacture the material that goes into them or support related businesses and industries. All jobs are tied to the housing industry in one way or another. With so many qualified and knowledgeable people in this country, how do we always get stuck with the same old schmucks?

    • Vigilant

      “Doc” Sarvis:

      Physician, heal thyself.

    • Angel Wannabe

      DS, Look doc, You can’t be this naive this money the Governments doling out for “SMALL BUSINESS’s”?__Is going to the banks!!!__Small business will have to borrow it to get it!__-More tax & regulation means they’ll be no better off in the long run!__So what good is it?

  • john k.

    Mr. Obama can “Do Nothing Right.” according to you(far right’s). Your gage of measure is this. ” Does a thing put money in my pocket( and my friends and relatives) or not” ” All going out’s BAD- All coming In , GOOD.” ADVANTAGE ADVANTAGE ADVANTAGE ALWAYS ALWAYS ALWAYS! Shame on you all!

    • Robin from Arcadia, IN

      John K…
      I don’t know how you determined that right wing Americans gage what goes on in government by ‘does it put money in my pocket’. That is ludicrous to say the least. I just want a government that doesn’t lie to the people, has ethics, morals, standards, and not a bunch of thieves. Pelosi promised a lot things that she would do; so far this entire administration has promised a lot that they are not doing, which cannot be blamed on the GOP. They need to clean up the party. The GOP has issues as well, but they are more prevalent in the Democratic party.

      • s c

        Robin, Obummer and his syndicate-like thugs think they can do anything they want. They will preach about the “law,” but they’re not willing to enforce laws we already have (especially via the Constitution). People like J live in a fantasy world. They are self-made losers.
        If Obummer’s jock strap supporters have to be baseball-batted into reality, sobeit. It’s them or us, and I have no plans to stand by and watch America go down the toilet just so those wannabe Hannibal Lecters and Nazis can be ‘happy.’
        What can be said about an administration that acts like Stalin’s Russia one day and Hitler’s Germany the next?

      • eddie47d

        Okay Robin, What did this administration promise that they are not working on? No matter what Obama does;whether it is good bad or indifferent you will find fault with and work hard to destroy. 99% of the articles on the Livingston site have been negative and pointedly against most issues. Does this constant barrage of negative speech effect you at all. Have you become immune to it and accept it as normal. Most on this site relish the negativity and demand more. That has been proven when on a couple of occasions Bob said something positive about Democrats and this site got mad at him. Told him in so many words to go back to the way he has always been. I think even Mr Livingston doesn’t even dare cross the line in being fair and balanced for he would loose his audience. Unless the business community produces jobs then the unemployment will stay high. This business community has had ample time to hire or produce jobs and some are trying. All this negativity,blind hatred for government help,and over the top conspiracies is also putting fear in the business community. I wouldn’t produce any jobs either if I thought America was imploding into the dustbin of history. Do you take any responsibility for that feeling of doom and gloom that is spread by every prophet of fear on the right.Too many of you have paralyzed America so it can’t make thoughtful decisions on job growth. You’ve become like the Unions you detest. You make unreasonable demands and want more and more for your side then wonder why you’re losing jobs instead of keeping those jobs. Republicans and Libertarians both have shouted out to give tax breaks to businesses. “they can’t possibly survive with the tax burden they have”. Yet tax breaks are now offered and those same Republicans go into full mode denial that it will work. More excuses on top of the old excuses. Are you getting the picture. This bill doesn’t say this money has to be used but it’s there if needed. That makes John Boehner look darn pathetic.

        • Vigilant

          eddie47d

          “99% of the articles on the Livingston site have been negative and pointedly against most issues.”

          You’ve got some gall to say that after you read the excrescence published on Huffington Post, Media Matters and Moveon.org

          As Bugs Bunny would say, “What a maroon!”

        • 45caliber

          eddie:

          So far I’ve not seen any “solution” this administration has come up with that isn’t worse than the problem they are supposed to be fixing. Do you know of any? I certainly don’t! And since they are making things worse, I’d just as soon they didn’t try at all!

          • eddie47d

            The country didn’t tailspin into a depression and has stabilized and that was a top priority.Will it hold? That’s up for grabs.Unless unemployment goes down 4-5% the economy will stay stagnant. We all know where the jobs went and why the economy tanked. Now, will the American people slow down their appetite for Chinese goods? Will corporations become more reasonable and stop paying themselves trophy salaries and unearned bonuses? Will some unions accept the good things they have and stop demanding more just because it’s contract time? It will take bold moves by all to get the USA back on track. We have to change our way of thinking that salaries HAVE TO go up. That houses will Only increase in value and that is our nest egg.We have to be better prepared on many fronts.We need to stop our police actions around the world for they do not make us safer. That also drains our economy. Although China’s economy is not as strong as we are told they are also not at war. They spend their money on better things like infrastructure. We need to balance our growth out and avoid all these booms and busts.

    • Mick

      john k. says:
      September 30, 2010 at 9:49 am
      Mr. Obama can “Do Nothing Right.” according to you(far right’s). Your gage of measure is this. ” Does a thing put money in my pocket( and my friends and relatives) or not” ” All going out’s BAD- All coming In , GOOD.” ADVANTAGE ADVANTAGE ADVANTAGE ALWAYS ALWAYS ALWAYS! Shame on you all!
      **************************************
      **********************************************
      john,,,,,,,,,,Please name something that Obama and the present congress have done right ?
      I am not being facetious the matter is too serious for that but i would like to know to better understand exactly what people like you mean and defend….

      • Doc Sarvis

        He got combat troops out of Iraq (shouldn’t have been there in the first place). He did this ahead of schedule which you don’t hear from government very often. His administration has fixed the absentee ballot issue for soldiers which has been broken for a long time. He could easily have let this little known issue go since it is not likely to benefit his party but it was the right thing to do. His administration has also allowed children with pre-existing conditions to stay on their parents insurance plans. Many many more could be stated but there’s a start.

        • s c

          D, only you or one of your pals could be naive enough to think Herr Obummer is doing America or our military any favors. You have all of the awareness of a little kid. Your half-assed magician-prez will shift the military personnel he ‘took out of Iraq’ and send them wherever it’s convenient (can you say Afghanistan?).
          Keep on seeing what you want to see, dude. When the Titanic II starts to sink, don’t be surprised to learn that many people jumped ship before it sank. It takes a hardcore dolt to elevate a politician to a god-like status. But then, that’s what progressives do best. Is that nose ring you have made of pot metal or cheap brass? Wanna buy a condo on Uranus?

          • http://?? Joe H.

            sc,
            I guess Doc forgot those 50,000 troops still in Iraq!!! Tell THEM that he got the troops out of Iraq!!!

        • Vigilant

          Doc Sarvis:

          If I may ask, do you indeed have a doctorate and, if so, what field of endeavor?

          • http://?? Joe H.

            Vigilant,
            he has a PHD in BS!! Piled Higher and DEEPER in Bull $hit!!!

        • 45caliber

          Doc:

          He fixed the voting problem for the soldiers??

          How?

          The Democrats have NEVER wanted the soldiers to vote since 90% of them vote conservative.

          I would REALLY like to know how he fixed this problem. The story has COMPLETLEY escaped my attention.

          • Doc Sarvis

            I heard a lengthy story on the (radio) news yesterday about how the absentee balloting is MUCH more efficient giving those citizens overseas, largely the military, much more confidence that their ballots will be counted with the regular election day ballots. Good news.

          • 45caliber

            It would be nice. However, absentee ballots are not counted AT ALL unless there is a very close race – less than a thousand votes different between the two candidates. As one election official said, “why count five hundred absentee ballots when one candidate wins by ten thousand votes? It takes time and won’t change the election at all.”

        • Angel Wannabe

          DS, Not allowing insurance companies to oust someone for a Pre-existing conditions, is the ONLY THING I agree with in this Health care bill!_The rest of it madated control, control, control, an another behind the scenes, vessel they used to pass legislation that doesn’t have a Damn thing to do with Health Care!__

          • http://?? Joe H.

            Angel Wannabe,
            “has nothing at all to do with health care” you mean like the part in the bill that requires all Gold sales to be registered??? How does that have anything to do with health care?? Guess P-lousy was right when she said we had to pass it before we could find out what was in it!!

      • justshutup!!!!

        im just appalled by the haters!!! and i love obama!! he’s doing better than any of you could or would, WAIT! thats why he’s president and you’re not :O……………

        • JC

          Oh there there…we’re not “haters” we simply despise your Commie Muslim Kenyan guy. Better? :)

          • Angel Wannabe

            JC, I couldn’t have said it better myself!

          • http://?? Joe H.

            JC,
            you know how they say “don’t hate the player, hate the game”? Well we don’t hat Nobama, we just hate all the GAMES he’s playing!!! The only thing is, his “GAMES” have very dire circumstances!!!

    • Fay

      SHAME ON YOU FOR BELIEVING ALL THE GARBAGE COMING OUT OF obama’s mouth does the John K. stand for John Kerry by any chance.

    • Craig

      You know nothing of what you speak. Typical of liberal nutters.

    • Allen

      MICK SAYS, “Mr. Obama can “Do Nothing Right.” according to you(far right’s). Your gage of measure is this. ” Does a thing put money in my pocket( and my friends and relatives) or not” ” All going out’s BAD- All coming In , GOOD.” ADVANTAGE ADVANTAGE ADVANTAGE ALWAYS ALWAYS ALWAYS! Shame on you all!”

      The only advantage is to the government. The only think you got right is that, “Obama can do nothing right”. You loan money to small business, then over-regulate and tax that business, you have a failing business. Money coming in is going out faster than what was borrowed. You forget that all loans must be repaid in order for all involved to survive. A loan is not income, it’s incurred debt. Incurred debt is a disadvantage. The businesses don’t need more loans and more taxes, it needs more customers with cash in order to pay the bills and that is only gained through more disposable income. The more you tax the less disposable income. If I raise taxes on you to the tune of $1000 more this year, you have $1000 less in disposable income, so the $1000 does not go to businesses, it goes to the Government who produces nothing but debt. The businesses suffer and the consumer suffers. Obama never ran a business and has no idea what it takes to support one. Learn real economics, not liberal tax and spend economics.

      • Mick

        Allen says:
        September 30, 2010 at 10:49 am
        MICK SAYS, “Mr. Obama can “Do Nothing Right.” according to you(far right’s). Your gage of measure is this. ” Does a thing put money in my pocket( and my friends and relatives) or not” ” All going out’s BAD- All coming In , GOOD.” ADVANTAGE ADVANTAGE ADVANTAGE ALWAYS ALWAYS ALWAYS! Shame on you all!”
        ************************
        ***********************************
        Allen,,,,,,,,,,,,,You got that wrong…Mick didn’t say that john K did…please read the comments carefully………..

      • Angel Wannabe

        Your right Allen, the Government CAN’T LOSE!!!!

        • Angel Wannabe

          ALLEN, I worked for a retails sales company_ oh, 25-27 years ago?__This company had it made!_ When they hired us, we were told we had to purchase and wear the clothing the company made as a sales pitch????__get that?!!!__How could they lose?!!__Me being a young dumb azz, I bought the line_ I liked the company & the clothes, so I bought them, wore them and sold them and got paid for it!!__But they couldn’t lose, they gave us our pay checks, and then we turned around and bought clothes from the same company we worked for!?!
          ___Sounds like the Government doesn’t it???

    • AMJ

      You are an idiot. If I work to earn money, the government has no right to take my hard earned money away from me just to give it to someone else who is on the dole. I want my money in my pocket. I don’t want your money, I don’t want the “government’s money.” You have been led to believe that the government is helping you, well I guess they are, they’re helping you into a pit of their digging and they will bury you in it when the need arises. They don’t care about you. The government has never been for the people, well at least not for 100 years.

      • http://?? Joe H.

        AMJ,
        Too bad everybody doesn’t feel that way!! The country would still be in the black ink!!!

  • RonReagan

    Like it or not the “GREAT RECESSION” was the making of the 8 year Disaster we experienced called the BUSH ADMINISTRATION. 8 YEARS of No Job Creation, TWO Major Recessions, A DIsasterous WAR that maimed our young people, and an economic BUBBLE that POISONED THE WHOLE WORLD! You people are IDIOTS for wanting MORE REPUBLICAN POLICIES!

    • s c

      RR, the first rule on this website is ‘act like a retardo, and get treated like a retardo.’ If you’re not willing to distinguish between conservative policies and ‘Republican’ policies, then shut up and go away. You’re too old to act like a useful idiot one day and a willing retard the next (aren’t you?).

      • eddie47d

        You Ms negativity are the one acting like a “retardo” and you do all the time. Most on this site will vote Republican no matter what you or they say. To believe that the Tea Party folks,Republicans or Conservatives won’t vote Republican in November is a far stretch. When it’s all said and done it always rolls into the same pile. No different than saying blue dog Democrats won’t vote for Democrats just because they don’t see eye to eye on every issue. I bet sc will pull that Republican lever whether rino or not.

        • 45caliber

          eddie:

          You are right as far as I’m concerned. I will almost always vote Republican – but not because I want to!! It’s just that the other choice is so much worse!!

          • Angel Wannabe

            Hear, Hear!!!

        • alpha-lemming

          IF… (big if) people here will vote “R” regardless, it’s because for 20yrs+ EVERY election has been “the lesser of 2 evils” or “who will do the least amount of damge”. I can only speak for myself, but it’s been the major qualifier for whom I’ll vote for, and more times than not…. the Repubs (even RINOs) will take us to h*ll a lot slower than the left. Also, how many “establishment” Repubs have been taken out by up-start T-partiers in primaries?? An awful lot of conservative Constitutionalists in the field this year. The truth is a lot of people are going to have someone to actually vote FOR and not be reduced to damage-control. You should be rightfully VERY worried.

          Have fun at your commie rally on Saturday and here’s wishing everyone remains safe and the event isn’t marred by bad behavior.

    • Fay

      try looking back to bill clinton who was more interested in chasing skirts than protecting our country and creating jobs. Bush came in and at least tried to protect this country and create jobs. He was given some bad info as all of us are at times but over all he tried to right some of the previous wrong from the previous Pres.

    • Craig

      Let see here. 2005-2009 Bush created 1.1 million jobs. So far Obama has a negative number of 3.1 million jobs lost. Yes I will take republican policies over the socialism loving demtards.

      • 45caliber

        I agree!

  • OtherTim

    The trouble is, that he doesn’t have a clue what to do other than throw $ at any problem area. Obama is in permanent campaign mode, not leadership. Look at the increased $ that has been thrown to education and poverty over the years, and our education system continues to falter. Now there are more at the poverty level than has been for years.
    These methods are all artificial, and the “recovery” is not on solid footing. Until the marketplace can develop on it’s own, w/o govt. support, there will be no true recovery.
    Small business will get hammered along with EVERYONE else when the tax cuts expire and Obamacare kicks in.
    We haven’t seen the worst yet.

    • Disgusted

      I agree. As I mentioned earlier – we have no idea what stipulations were included in the healthcare bill. I think we have huge suprises coming to us and even the “Democrat Supporters” will be pissed off when they surface. The healthcare bill is going to dip into our pockets in a huge way, get ready to pay the government a lot more money. These suprises will come at times when you least expect it, like when you sell your home you will be paying a fee/tax to the government. They will dip into everything you do for their fair share. Get ready to be raped—-bend over people.

      • eddie47d

        Oh,Please Disgusted! We’ve had to “bend over” for many years now with the rapid increases in our health care costs. At least a half a dozen major increases just from private insurances companies. So why would we be “shocked” with “huge surprises” with Obama’s health plan. We’ve already been shocked and awed by corporate thievery!

        • 45caliber

          Yes, we have been ‘shocked’ as you say by the insurance fees. Particularly when they start passing along the new requirements the government says they MUST add to their policies. Such as sex-change operations, etc. that most of us REALLY REALLY need according to the government.

          (By the way, people, how do you get a sex change operation from a girl to a boy? I saw an article this morning that stated something about some girl in high school planning to do this soon.)

          • Angel Wannabe

            45_ I beleive they’re called “add-a-dic-to-me!!!!_LMAO!!

          • Angel Wannabe

            45_-sadly we know a girl, who beleives she is so profoundly Lesbian, she has left her girlfriend, moved back home to the left coast, to have a complete mastectomy.__BTW_ I wasn’t too keen on knowing about her sexual orientation and whats she’s planning to do, so I sure as hell don’t need to know what she plans on doing, about the rest of her!!!!

          • http://?? Joe H.

            45caliber,
            nobama found out yesterday that his bill isn’t gonna go as planned. Mikey Ds is gonna cancell all of it’s employee plans if all they read is true!!! We are gonna cover 1.3 million more??? Theres 25,000 more without insurance!!!! Boy that sure worked well!!!

        • eddie47d

          Sex change operations or plastic surgery should be left up to the private individual and be paid out of one’s own pocket.

    • 45caliber

      OtherTim:

      He isn’t the only Democrat with this problem. I don’t know any of them that believes that you can solve a problem any other way than throwing money at it. After all, isn’t that the union way of solving problems?

  • Mick

    s c says:
    September 30, 2010 at 10:16 am
    RR, the first rule on this website is ‘act like a retardo, and get treated like a retardo.’ If you’re not willing to distinguish between conservative policies and ‘Republican’ policies, then shut up and go away. You’re too old to act like a useful idiot one day and a willing retard the next (aren’t you?).
    *******************************
    *************************
    I think that’s one of the big problem, the republicans policies have derived from the conservative policies for too long leaving the liberal policies to take over and we see the devastating results today.
    America needs to go back to the solid conservative ways to eliminate the shamble of the laws instated by the left which caused this country to fall in a continuous sinking hole.
    Not only do we have to say NO to those vermins but HELL NO !

    • 45caliber

      The Republican policies have changed over time to reflect the liberal policies. The conservatives still want conservative policies but vote GOP because the other choice is even worse.

  • Howard Roark

    At this point in our history small buisness does not need to be able to borrow more money. what small buisness needs is more customers. what’s holding business back, is the uncertainty of tax rate,(caused by Obama) uncertainty of inforcement of rule of contract law, (caused by obama by forcing the payment of unions first and bond holders last in the auto bail out)and not knowing of the plan for the future of the country. (again caused by Obama with no national budget as required by the Constitution.)

  • Richard Stripling

    “I just want a government that doesn’t lie to the people, has ethics, and morals standards.” You are living in a dream world. The congress is in the pocket of the rich and corrupt.They live by the golden rule. “He who has the gold makes the rules”. The congress is made up of nothing but money whores! The party in control makes no difference.

  • Mick

    Howard Roark says:
    September 30, 2010 at 10:37 am
    At this point in our history small buisness does not need to be able to borrow more money. what small buisness needs is more customers. what’s holding business back, is the uncertainty of tax rate,(caused by Obama) uncertainty of inforcement of rule of contract law, (caused by obama by forcing the payment of unions first and bond holders last in the auto bail out)and not knowing of the plan for the future of the country. (again caused by Obama with no national budget as required by the Constitution.)
    ************************************
    ******************************
    Howard,,, You hit the nail on the head on this subject….
    As for the UNIONS , they are decimating the work force and this is never good for anyone,,,,,,,,

    • 45caliber

      … except the union officials.

  • Ben

    I used to be a Democrat until I grew up.

    • 45caliber

      Ben Franklin once said, “If a young man is not a liberal then he has no heart; if an older man isn’t a conservative, he has no brain.”

    • Claire

      I used to be a Democrat and I used to be a Republican. Hmmmmmm— Wonder what happened? Could it be that neither party has any honesty?

      • http://?? Joe H.

        Claire,
        so try a run as a conservative!!!

        • Claire

          JoeH–The person I want as POTUS doesn’t have the money.

  • Mick

    Richard Stripling says:
    September 30, 2010 at 10:40 am
    “I just want a government that doesn’t lie to the people, has ethics, and morals standards.” You are living in a dream world. The congress is in the pocket of the rich and corrupt.They live by the golden rule. “He who has the gold makes the rules”. The congress is made up of nothing but money whores! The party in control makes no difference.
    ********************************
    ******************************
    Richard,,,You’re not far of the mark although we still had a few representatives in the 90′s who believed in restoring integrity in our congress only to be shot down and blackballed by the rest…..
    Kasich,Santorum have credibility but too many our society don’t care about moral values so it leaves us with the crud………..

  • http://gmail i41

    Small businesses need to borrow money to buy raw goods and equipment, but the great banking ref–k uped bill sure didn’t improve things. The regs on small businesses and the start ups restrictions just got increased. Not exactly job stimulas, I know in the last month of 3 people who were going to use their houses to finance the start up. It got stopped due to the new requirement [ut in by the marxist communist dumbocrats!

  • patrick

    Hey what an opportunity for all us patriotic Americans! We can now apply for small business loans to start up new companies and hire all the unemployeed. I think I will start up a new undercover sniper training firm. The company will specialize in searching out liberal democrats, communists, terrorists, gays and lesbians, illegal immiagrants, socialists, marxists, community organizers, anti-Americans, anti-Christians, muslims, anti-Isrealists, etc. Just think in a few short days America will be cleaned up and millions of new jobs will become available and shortly thereafter the economy will speeding full speed ahead, which will created billions of new tax dollars, farmers will profit, companies will profit, many Gov’t jobs will be eliminated because those employed to help dole out welfare, food stamps, phony SS claims, free medical at hospitals, bus travel will be less so those jobs will be eliminated along with wastefull welfare train to the mall. This is an exciting opportunity folks!

    • eddie47d

      sc says, welcome to this site fellow fascist!

      • 45caliber

        eddie!

        You’re a fascist now? I’ll have to keep it in mind. I thought you were a progressive Communist.

        • JC

          They look the same at a distance.

        • eddie47d

          Go back and read caliber,I was mocking SC’s repeated comments.

    • 45caliber

      Why bother to make it an undercover school? There is a school for assassins in Mississippi now. 60 Minutes covered it a few years ago. And the manager there informed the reporters that if they didn’t report it fairly, he would tell some of the graduates that he didn’t like them.

  • Steve Dolyniuk

    Obama & the Democrats are going to come up with as many phony programs & lies as they can before election time. Sadly there will be many who swallow their poison. When the banks were bailed out the first time, they sure were not making any new loans, & still aren’t. Loans are NOT the answer anyway. Spending & taxing are the problems, & until the idiots in cingress figure that out, the country will remain in a recession,& with all the phony Monoply OBAMA had printed up, may just worsen to an all out Depression. Obama knows what he is doing all right, He is out to distroy the USA & the Democrats are helping him.

    • 45caliber

      Keep in mind that all their solutions means we go far deeper into debt.

      At one time we had “indentured servants” in the US – mostly in the NE. The ship captains would pay someone in England to empty the poor houses and then haul them to New England. They would be auctioned off “to cover their transportation costs”. They were supposed to work 7 years to pay off those costs and then they would be free.

      However, much like the modern day crooks, the “masters” would add the cost of food, clothing, and shelter to their costs – many times for as much as a $100 a month (when a normal worker was paid $10 a month). When the 7 years were up, the master would take the bill to a judge and show that the servant hadn’t paid everything.

      In some cases grandchildren were still trying to pay off the costs – not counting their own costs.

      This ended after the Civil War was over when many of the Union ex-soldiers realized that the Emancipation Proclamation only covered those slaves in the South – not the North. It was also one of the reasons so many people pushed West after the Civil War. They wanted to get as far away from their “masters” as they could get.

      And this whole debt scheme of Oblama’s is making me believe they are trying to do the whole thing over again. After all, he and his friends are borrowing and spending the money – but we have to pay it back with interest. Or else.

      • eddie47d

        It was the wealthy who hired indentured servants and they used and abused them. A more accurate comparison today would be corporate farms who pay low wages and offer lousy working conditions. Then they turn around and “fire” these workers without paying them.

  • Mick

    Steve Dolyniuk says:
    September 30, 2010 at 11:41 am
    Obama & the Democrats are going to come up with as many phony programs & lies as they can before election time. Sadly there will be many who swallow their poison. When the banks were bailed out the first time, they sure were not making any new loans, & still aren’t. Loans are NOT the answer anyway. Spending & taxing are the problems, & until the idiots in cingress figure that out, the country will remain in a recession,& with all the phony Monoply OBAMA had printed up, may just worsen to an all out Depression. Obama knows what he is doing all right, He is out to distroy the USA & the Democrats are helping him.
    *****************************
    ************************
    Steve ,,,Can’t arguee with that………

  • Victor Diaz

    debt, debt, debt, this country is up to its ears in debt; consumers are up their ears in debt, bankruptcy and foreclosures everywhere; What is Obama’s solution?? Let’s add some more corporate debt

  • jopa

    patrick;Do your country a real favor and put a bullet in your own head.Then all your problems will be over.

    • 45caliber

      A Liberal with this attitude? My, my!

      • s c

        45 caliber, the specific word you’re looking for is MEAN-SPIRITED. There are many others that go right along with it, but that word stands out. It’s amusing how politics (the fine art of learning crap from shinola) brings out the worst in progressives.
        Hypocrite is another fitting term. I wouldn’t be surprised if J is also a closet capitalist (he is so uncaring and spiteful). His mean side is showing, and he can’t take it back. Say this and do that. Whiz and moan. Blah.
        No doubt J is also a charter member of the First Church of the Jockstrap Moonbats. Just another progressive, eh?

        • 45caliber

          The main reason I commented on that is that liberals are AFRAID of guns. Yes, indeed. Even if they are laying on a table or locked up in a safe. Guns are EVIL! And here one of them wants someone shot.

          That’s one reason I get amused at them wanting to lock up all the conservatives (most of whom are armed). They want us locked up but have to get other conservatives with guns to do it. So how do they get all of us locked up? A mystery …

          • http://?? Joe H.

            45,
            don’t I recall jopa jumping all over someone for saying about the same thing????

  • jopa

    Bush gives hundreds of billions to rebuild Iraq did you complain then?This is America we are helping out so be a little more patriottic, and quit acting like terrorist hell bent on destroying our country.

    • 45caliber

      Yes, I did complain then. I think we should have bombed it to rubble, informed any survivors that this is what they get for allowing such a bad leader to take over, and don’t do it again or we’ll come back and really make a mess of the place.

      • eddie47d

        I get your point but we never should have gotten involved over there in the way we did. Ronald Reagan armed Saddam and we’ve been paying for it many times over.

  • Barbara

    Guess what. This new money doesn’t go to small businesses. It goes to the banks. Did he think I was so stupid I couldn’t notice this glaring point?

    • 45caliber

      But the banks will be happy to loan the money to you for your business – for a nice fee of course.

      • eddie47d

        That’s our capitalist system for you.

  • Business

    Obama’s plan for existing business loans and start-up’s are directed to the SBA. Has anyone tried to get a business loan through the SBA? The SBA is the biggest joke of all!!
    Did anyone ask before voting for Obama what he defined as “change”? Living in the City of Chicago and growing up in the State of Illinois, Obama did NOT do one thing for this State excluding joining in on the corruption. What made everyone think Obama would be the best person for the job? The color of his skin? Since when is color a qualification for this position? These voters are the same people that vote just because someone is democrat or republican and not if they are qualified for the Pres position. Is this called ignorance?
    I’m glad I haven’t opened up a business in the City of Chicago yet. If Rahm Emanuel becomes Mayor, I’ll be re-evaluating my living arrangements and my business plan.
    P.S. If anyone believes that Obama had nothing to do with Rod’s selling of his seat, you need to re-evaluate your head!!

    • Tim

      I remember my family had to go to Chicago for a weekend to get some paper work done. I remember entering through the long high-way (which you can only travel 45mph on!?) and thinking, wow, what a dump! I mean, I come from Ohio, so if I thought the home-town of Obama was a dump, that says a lot.

      • http://?? Joe H.

        Tim,
        how’d you like those tolls every five miles or so??? and the roads are CRAP!!!

    • 45caliber

      Business:

      It is very easy to get a loan through SBA … if you are from Iran or the Far East. Just ask any owner of the convenience stores or oriental restaurants in your area.

      • Angel Wannabe

        and 45 we are loaded with both here!!!!

      • Business

        On a serious note, being from the Far East or Iran does NOT make getting a SBA loan easier. Believe me, the citizens from the Far East or Iran are much smarter than us. They have what’s called a pool and they pool their money from their own donations (family and friends) with no pay back or interest. This is how they open their own businesses. They also live within their means. Their family and friends donate whatever amount of money they can afford and they open up a business. Maybe not every single one of them but majority. They also give 10% of their income to charity. Most of us are not that kind and maybe this is why we are in a aweful position.

        Many blessing to all of you and hopefully, we will all have brighter years in the near future.

  • Tim

    Heh, this just sticks of “problem, reaction, solution”. The 3 steps needed for government to implement whatever they want.
    1.) Create the problem (big stimulous bills, over spending, crash economy)
    2.) Let the people react and BEG for gov to do something
    3.) Implement the solution you wanted all along (will accepting this money mean your business is now under control of the federal government a.k.a. nationalized businesses?)

    • 45caliber

      They will be the not-so-silent partner who collects half your profits while you work hard to get them.

  • 45caliber

    He could make 42,000 millionares with that much money. In fact, he could make most of us millionares on what he has spent so far. And if he will give me that, I won’t bother him about more money the rest of my life!

    • http://?? Joe H.

      45caliber,
      I don’t know if my wife and I could live on two million…… But it sure would be fun trying to find out!!!!

    • Meteorlady

      Think how much people would have to spend on good and services if they government just gave each tax paying WORKING citizen in this country that money? My business would flourish.

  • Claire

    If good old Boehner ends up being the Speaker of the House, what are HIS plans? I bet his plans will include trips to the tanning booth every day.

    • Meteorlady

      Sorry Clare but you loose all credibility when all you can do is insult. As a small business owner this plan will do absolutely nothing for me or the people with small businesses around me. Tis another bail out for banks as they will get the money to lend – and they won’t lend anymore than they are now.

      So what’ the Republican plan? Less federal government for one and lowering the deficit through cut backs and role backs. But, I must admit that government is government and both parties are about the same anymore when it comes to useful legislation. They just pass laws to protect whomever has given them the most campaign contributions.

      • Claire

        Meteorlady–I lose all credability??? Why?? Because I don’t like the same politicians you like? Insults??? What about the rest of the insults that are posted on a daily basis? I am speaking my mind just like you. At least we can agree on your last paragraph.

  • http://ClipWick.com Tom Wilcox

    OMG, what an id10t!! The fool that bought the last election has already spent more money in our names than all other presidents in history!! What do the American people have to show for it? What will our children and grand children have to show for it? A better banking system? Even that only looks better if you’r one of the few who are allowed to own a bank. The rest of us, for many generations to come, will only see debt and oppression.
    There was a plan by the banks to steal many homes from the american people. Once they put a ‘banker friendly’ prez in office the rules changed and they’re plan succeded. I think this will create a small business bubble that will eventually pop just like the housing bubble.

  • Meteorlady

    Hey as a small business owner I didn’t want this, the banks are not going to loan anything they are not already loaning and it’s just another big money trick to enrich the banks. I would have rather seen the Bush tax cuts stay in place, a health government spending plan and a reduction in the federal deficit. That would be more of a boom for small business than what they just did.

  • James

    I agree with Time, back when the 16th Amendment was ratified, which authorized a “direct” tax on “income”, it was generally understood that anyone who had an ‘income’ didn’t have to work for a living. In the congressional record that preceded and led to the 16th Amendment, there is no mention of ‘wages’ or salaries.’ Even to this day, 26 USC 61(a), which lists those subject to the tax, does not mention wage or salary earners. “Income” as defined by early Supreme Court decisions was the difference between an investment of capital and the revenue received. The earnings of employees was always considered to be an equal exchange, thus no ‘income’ was received. The law still reads that way, but the IRS regulations include wages and salaries as income.

  • eddie47d

    Republicans have votd against bills that would give tax breaks to American companies who bring jobs back to the USA. Those bills would also hae stopped companies from receiving tax money if they ship jobs overseas. Makes sense but too many Democrats supported it.

  • Freeworld

    “Patriot” – Someone who LOVES and DEFENDS his or her Country. God bless all of you and keep up the good Fight! A great wind of change is blowing across America and it will sweep away all traitors and despots from the face of the earth!

  • Margaret

    A little history lesson:
    The 83rd Congress of 1953–1955, which had the advantage of serving under the Republican president Dwight Eisenhower, represented the last time in recent memory that the Republicans commanded both houses of Congress and the White House. Before then, it was during the first two years of Herbert Hoover’s presidency that a Republican Congress convened under a Republican president.

    The total Democratic control of the government, such as existed under Roosevelt, Truman (second term), Kennedy, Johnson, Carter, and Clinton (first half of first term), has done much damage to the country. Yet many of the increases in taxes, social spending, and federal powers, with their assault on liberty and private property, were passed with the help of Republicans at the time they were supposed to be the opposition party. Republicans in the House and Senate supported Clinton’s crime bill and the annual multi-billion dollar foreign aid package.

    If memory serves me well I believe Clinton was big on the veto and even if the Republicans did not vote for whatever legislation (which I have not researched extensively)it would have made little difference. Remember many laws that are passed do not take effect until years later(exemption being many of this administration) which then falls under another presidential term such as what G.W. Bush inherited along with taking on the two most destructive situations facing any president since the bombing of Hawaii which for the most part resulted in a war away from American territory after the initial attack.
    No one party can lay claim to innocence, but most certainly the Democratic Party must claim the most destruction to our country.

  • Kenneth W. Hudson

    We can not afford it! I feel it will not help like the rest of his ideas. I looked at a SBA loan and decided against it, since there was a high prepayment penalty. He can help businesses by allowing businesses to carry back their losses for more than 5 years, so we can get back the taxes we have paid and use the money to help stay in business until we get some new blood in November.

  • Disabled Veteran Brian

    Those not working can get a job picking up trash at the ONE NATION WORKING TOGETHER site. Typical of Sharpton’s and the rest of those lazy hooligans, their tactics of shouting and demanding perks at the expense of the rest of us left organizers and visitors no time for picking up after themselves.

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