Without jobs that actually produce something there is nothing they can do that will help.
Yes, I keep hearing that he is going to force banks to loan money to small business....
great, I own a small business, and I can tell you, that borrowing money is not on my priority list. Period. Why? Too much uncertainty. I wont’ take a loan if I can’t predict what the positives on my books will look like, and right now, I can’t predict what affects the health care law, the requirements of the workers comp act, the impact of wall street regulation and a myriad of other things will have on my business. This is not to mention cap and trade, and every other proposed tax on environmental issues.
Also, how am I going to compete with every lame brained “green” company that is getting money thrown at it. Already I am seeing some of this effect in my sector, with start up companies competing against me, in my realm, who have more capital to toss around than the folks who have played by the rules for years.
The regulatory future is what keeps me from expanding, not forcing banks to loan me money.
Also, isn’t this what got us into this mess in the first place? And when it all crumbles again, the dems will be screaming about ‘predatory lending’.
This joker and his team don’t have a clue.