“You want to generate jobs??? Take a chunk of that $700 billion “bailout” (say $100 billion), and turn it over the the Small Business Administration as available financing for new small companies.”
I disagree. Will loan officers at the SBA lose their jobs if the loans are not repaid? No.
I think they would do a better job than the ones at the banks currently getting the bailout. I have yet to hear about any of THOSE "loan managers" losing their jobs. The only difference is that in the case of the SBA, you would generate MANY more jobs.
SBA has a history of corrupt “advisors” and “consultants” dsspite regulations against them and corruption within the agency. It has not been very good at choosing winning companies.