Obama urges Congress to back small business plan
President Barack Obama on Saturday appealed to fellow Democrats and rival Republicans to back a plan to use $30 billion in bank bailout funds to help small businesses.
Obama has faced opposition to the proposal from Republicans who want money paid back to the government by big banks returned to the U.S. Treasury for deficit reduction.
With the keen insight and wit that Barack Hussein Obama has used to harass policemen doing their jobs, rant against the opposition party and make friends with dictators, he has used his recent fire snide chat to focus on his two newest pork barrel projects.
Project 1
Barack Hussein Obama's first project, is to use the repaid TARP money as his own personal slush fund. This is not surprising as Barack Hussein Obama has no interest in balancing the budget. However, Barack Hussein Obama is trying to justify this slush fund by claiming that it really will be used to loan money to small businesses. With the crashing of the economy, and the freezing of bank loans to small businesses, I don't understand how any surviving business would need a loan at this time. But even if a small business currently does need a loan, I doubt that the small business believes that it needs to engage in reckless spending to save themselves or the economy. That is only a policy a government could conceive of and get away with (at least for a short period of time).
And for the cynical among us, we suspect that even if Barack Hussein Obama is given his own personal $30 billion slush fund, the loans won't even start for a couple of years.
Project 2
Barack Hussein Obama thinks that giving a short term credit to businesses that hire people for long term jobs will help reduce unemployment. Really? Do you think the 8.5 million unemployed people has an effect on the economy? Do you think the millions of people facing foreclosure and the loss of their home has an effect on the economy? Do you think that Barack Hussein Obama has ever had an honest job where he was required to work for pay? Do you think that Barack Hussein Obama has any understanding of the economy? Do you think Barack Hussein Obama has any advisers who have not been on the government payroll for decades and know what an economy is? None of Barack Hussein Obama's economic advisors saw this great depression coming, and nothing they have done over the last year has done anything to increase the chances of an economic recovery happening any time soon.
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