Folks it was loose lending practices that got the banks in trouble in the first place. Now that they have been tightened up Obama wants the financial institutions to get lax again. If they do they will probably create the same problem all over again. Unbelievable. We are doomed. And three more years of this guy
My husband is a small businessman...his business has fallen off considerably this year. We could get a loan tomorrow if we wished...but NO business is going to borrow in this climate when owners don’t know what’s coming next. It’s batten down the hatches and survival mode. FIRST, you don’t go for loans when you are just trying to make payroll and keep your business afloat. Unlike government, we can’t just print money when we run out. SECOND, loans have to be repaid and the “unknowns” of this administration makes it impossible for business to plan. To really stimulate small business growth, cut taxes and stop all of the talk about cap and trade, health care, etc. But we know that Obama could care less...it’s all about power.