That graph is graph 15 of the source census data. Job growth is overwhelmingly dominated by small and new businesses, not large businesses. If you want to create jobs, you should fund founding and capitalization of small, new businesses.
Posted on 07/11/2009 11:08:25 AM PDT by fiscon1
The government is now floating the idea of giving small businesses money from the Troubled Asset Relief Program.
The Obama administration is working on a plan that would make available funds from the $700 billion banking-system bailout package to millions of small businesses struggling to survive the recession, FOX News has confirmed.
Gene Sperling, a top adviser to Treasury Secretary Tim Geithner, developed the idea of using funds from the Troubled Asset Relief Program (TARP) to help small businesses as part of a department-wide push to generate ideas to pump life into this ailing part of the economy. The concept is to use TARP funds to increase Small Business Administration loans that are obtained when the government backs 90 percent of a bank loan.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
More bad economics.
Once I went to the SBA, asked for help. They said since I wasn´t Hispanic, Black or a woman, there wasn´t any help.
Still a bad move, but if you’re going to drop hundreds of billions to back businesses, it might as well go to the engine of job creation - small business.
Don’t spend the money is the best case; spending it on small business is better than spending on big business.
I think that’s a very political and not economic statement. Big business creates plenty of jobs, but no one wants to be seen as helping big businesses.
Small business creates more jobs in the USA than big business does. The TARP should have been used to stimulate small business in the first place. Tangentially, efforts should have been made to assist small business to write off health care for its employees.
Next year, TARP for all Americans, We will borrow from the future and spend it all today
Guess it is par for the course for him, he thinks so little of liberty anyway.
I think using the money for its INTENDED PURPOSE is what ought to be done. TARP was an idiot idea—it should be REPEALED.
But it should NOT be used for something not written into the law.
The precedence is horrible. Consider: Congress passes a defense budget, but the administration decides to use it for food stamps instead. Completely contrary to what the law was written—this is the problem of Czars, printing money, and centrally controlled economies.
The liberals always griped about the lack of Congressional oversight during Bush’s terms—Hussein has tripled that lack of oversight in less than 6 months, and the liberals and press are SILENT.
Government policy shouldn’t be aimed at helping anyone more than anyone else.
That graph is graph 15 of the source census data. Job growth is overwhelmingly dominated by small and new businesses, not large businesses. If you want to create jobs, you should fund founding and capitalization of small, new businesses.
JUST CUT TAXES JUST CUT TAXES JUST CUT TAXES
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