Don’t recognize any specific businesses...good thing, too...
‘cause I’d be specifically avoidin’ any “business” person who sucks up to Hussein.
He is NOT a friend of small business in any way, shape or form. I personally know a small biz man who is shutting his office down because of the economy. And he ain’t happy with Hussein’s way of “stimulating” it.
And believe it or not, the businessman BOUGHT INTO Hussein’s rhetoric and voted for him. Now he has massive voters’ remorse.
Oh thank God the NGLCC was there.
WARNING: Put down all food and drinks before clicking.
More loans to small businesses who are struggling to meet cash flow demands is a joke. If he was serious about helping small businesses, he would amend the corporate income tax to exempt all net taxable income under $10 million if left in the company to buy equipment, pay down debt or hire workers. Then, cut the capital gains tax to zero (that should be an easy one to remember, Obama!) on the first $5 million in capital gains (ok, maybe $2 million).
With this kind of tax relief, small businesses will have more cash to work with internally and owners will have some reason to risk capital (that filthy word) and years of life on a business.
But, alas... communists destroy the middle class (bourgeoise) not help it. So, load up on more debts you bourgeois pigs and hasten your demise!
You all posted on the other small business thread.
This thread has the Pres__ent's full remarks today about Small Business.
I see something here that looks like they will be meddling into small business lending, much the way they did in mortgages since the 1990's.
“So with this action, any lender that provides SBA small business loans will have a buyer for those loans. And in turn, community banks will no longer have to choose between providing loans to creditworthy small businesses and maintaining the required capital and liquidity.”
I'm going to bet that there will be some CRA like laws or regulations requiring banks to make small business loans to a more diverse selection of borrowers (relaxing standards so that more will qualify).
And it sounds like they are talking about creating some kind of secondary purchaser of SBA loans (like Fannie and Freddie, but for small business loans instead of mortgages).
It worked so well for mortgages with Fannie and Freddie, let's work the same magic on small business loans with a new GSE.
I guess Biden’s comments about ‘keeping the bridge open’ didn’t quite cut it.
THIS IS ALL ABOUT EPA proposes greenhouse gas registry – A first step for climate policy
ombwatch.org ^ | 03/12/09 | epa
Posted on Friday, March 13, 2009 2:30:24 PM by rgr
EPA proposes greenhouse gas registry – A first step for climate policy
On March 10 the Environmental Protection Agency (EPA) announced that it will propose a new rule to require greenhouse gas emissions reporting from thousands of businesses nationwide – a prerequisite for any effective climate change program.
A greenhouse gas registry is a database for collecting, verifying, and tracking emissions from specific industrial sources.
Late in 2007 Congress ordered the Bush EPA to create just such a greenhouse gas emissions reporting rule. Not surprisingly, the Bush administration missed its first deadline for publishing a draft of the rule and let the process languish.
However, a good amount of work was done by EPA staff – work that is finally seeing the light of day.
According to the EPA’s press release, the draft rule would require about 13,000 facilities to report greenhouse gas emissions.
The agency estimates the reporting will cover 85 to 90 percent of U.S. emissions.
The rule accomplishes this by requiring reports to include “upstream” sources such as fossil fuel suppliers, as well as motor vehicles and stationary sources such as cement plants and power plants. There will be a sixty-day comment period during which the agency will hold two public hearings on the draft rule.
The proposed threshold for reporting greenhouse gases is 25,000 tons per year of carbon dioxide equivalent (CO2e). Because carbon is only one of at least six gases covered by the draft rule, and each gas has a different impact on global warming, the impacts are measured as CO2e.
The proposed rule does not require third-party certification of a company’s emissions report, without which there will be less certainty and accountability. The draft rule does, however, require electronic reporting, and intends to use existing reporting programs where practicable and develop a new reporting system for all other cases.
A comprehensive emissions registry is crucial to ensuring efficiency and accountability in any forthcoming climate change legislation. We cannot reduce greenhouse gas emissions if we do not know who is emitting and how much.
Congress is now drafting greenhouse gas cap-and-trade legislation. For any such program to work well, data on the emissions of every covered facility are required so that the appropriate number of carbon “credits” are allocated. The data also help ensure emissions reductions are actually being made. The European Union moved ahead with its cap-and-trade program before it had a decent accounting of per-facility emissions.
The price of carbon crashed when it became clear that too many credits had been allocated, eliminating the incentive to cut emissions. The Europeans fixed the problem and are working to reduce greenhouse gas emissions.
The EPA’s new draft rule should help the U.S. avoid Europe’s mistake. Unfortunately, the Bush administration’s inaction has cost us vital time. The proposed registry would not begin collecting data until 2011 for emissions in 2010.
Stimulus Bill Spending Shuts Out Small Business
http://www.freerepublic.com/focus/f-news/2188346/posts
Petaluma, Calif. - President Barack Obama’s stimulus bill offers $499 billion in new government spending. The bill contains no specific provisions to direct even one dollar of those funds to America’s 26 million small businesses.
According to the most recent data from the U.S. Census Bureau, firms with less than 20 employees account for over 90 percent of all American businesses and are responsible for more than 97 percent of all new jobs. These small businesses also employ over 50 percent of all private sector workers.
