Why was there no money in TARP nor the current stimulus package for small business?
October 4th, 2009
Hit Pig [scoffer] asked:
If they have to spend 2 trillion dollars to stimulate the economy and try to create jobs, as they say, Why is there no money in either package for small business?
If they have to spend 2 trillion dollars to stimulate the economy and try to create jobs, as they say, Why is there no money in either package for small business?
Small business creates over 80% of all jobs in the US economy, so why don’t they spend at least 80% of the stimulus on small Business loans?
Try this…. 350 Billion in remaining TARP funds,, redirect them, and take this 900 billion pork bill presently being passed by a zealot lead liberal posse in congress, put them together that would be 1.2 trillion, spend 80% of that on small business loans, with the stipulation that for each 100k borrowed, the business has to hire one person. If they can’t expand to hire someone, then they don’t need government money,
This plan would create 10 million jobs inside of six months, and an additional 12 million jobs over the next 5 years…
Petals, wouldn’t a good job bail you out?
I need money for my family….business can wait!! My family need a serious bailout!!
Creation of jobs is just a cover.
It is not the primary purpose of the “stimulus” plan: bailing out failed banks, big business and paying back the core constituents of Democratic party are.
Because the aim is to do away with small business and use their centralized large government sponsored big Business to stabilize the economy.
Have you ever checked out what the initials TARP stand for?