Friday, September 24, 2010

Let's Waste More Time and Money

Here's some great news if you like more government spending. Let's throw more money at the weak economy! This madness needs to stop, we need to return to fiscal responsibility. This is just another attempt at government control of small business. Who's in charge of the lending decision anyway? Here's the headline from Fox News.

House Approves $30B Small Business Lending Bill; Heads to Obama for Signature

Sep 23, 2010 4:13 PM EDT

Democrats controlling Congress are sending President Obama a long-delayed bill to help struggling small businesses with easier credit and give them other incentives to expand and to hire new workers.

The legislation passed by a 237-187 vote that split along party lines. It establishes a $30 billion government fund to help Main Street banks lend to small businesses and cut taxes on both big and small businesses.

The legislation is aimed at easing a small-business credit crunch that worsened dramatically after the financial crisis two years ago.

It's a modest victory for Democrats, whose jobs agenda has otherwise mostly been stalled by Senate Republicans opposed to new spending programs.

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