"Obama plans to boost small biz"

[Clio the Leo]

So much for the "Obama doesn't want to see the small business owner succeed" meme. There he goes again, being all helpful and crap! :)

Obama plans to boost small biz
CARRIE BUDOFF BROWN

President Barack Obama is looking for some sector of the economy to lead the nation out of recession, and he's putting down a $730 million dollar bet Monday on small businesses.

Obama and Treasury Secretary Timothy Geithner will announce a plan Monday to make it easier for these entrepreneurs to tap into billions of dollars in federal lending aid to fight a credit crunch that has brought business borrowing to a standstill.

The plan includes $730 million from the economic stimulus bill to cut small-business lending fees. They'll also raise the government guarantee on some Small Business Administration loans to 90 percent, which they hope is enough to get reluctant banks back in the lending business.

"We know that small businesses are the engine of growth in the economy," said Christina Romer, chair of the White House Council of Economic Advisers. "We absolutely want to do things to help them."

http://www.politico.com/news/stories/0309/20022.html

[Deja Q]

1. Now might not be a bad time...

As much as I want opportunities where I'm at, maybe my future is by being my own business...

¿

[Happyhippychick]

2. As a small business owner I say "yay" and "I love my President".

:)

[oldtime dfl_er]

3. I'm afraid I'm too small

to get any advantages from it. But I applaud it just the same.

[Cha]

4. He always said he would

do this and it only makes sense.

[NYC_SKP]

5. What's the big idea, posting something positive about the president? (thank you)

Thanks for the positive post, there's so much good to report.

Recommended.

[backscatter712]

6. Definitely a great idea!

Small businesses tend to employ more people here in the U.S. - it's not as cost-effective for the little guys to offshore manufacturing and services to other countries.

They're the ones that build manufacturing facilities and hire people right here in the U.S.

Help them weather the Bush Depression, and that will help turn the economy around. It'll be a hell of a lot more helpful than dumping more hundreds of billions into zombie banks...

[firedupdem]

7. Great News! We won't hear much about this so thanks for posting! n/t