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Posted on 03/15/2009 5:14:28 AM PDT by Zakeet
Edited on 03/15/2009 5:16:21 AM PDT by Admin Moderator. [history]
Amid misgivings over his spending blueprint, President Barack Obama has decided to provide billions of dollars in federal lending aid aimed at struggling small business owners.
The broad package of measures to be announced Monday includes $730 million from the stimulus plan that will immediately reduce small-business lending fees and increase the government guarantee on some Small Business Administration loans to 90 percent. The government also will take aggressive steps to boost bank liquidity with more than $10 billion aimed at unfreezing the secondary credit market, according to officials briefed on the plan who demanded anonymity to avoid pre-empting the president's announcement.
(Excerpt) Read more at news.yahoo.com ...
I'm going to stimulate the economy by sucking trillions in capital out of the system, imposing huge new carbon taxes, mandating socialized medicine, confiscating all income over $200,000 from entrepreneurs, adding thousands of new regulations, and raising the government guarantee on SBA loans.
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