OBAMA'S ADMINISTRATION FLUNKS SMALL BIZ TEST

How has your small business been doing under obama’s administration?....

A recent USA TODAY/Manta.com survey asked a similar question of small business owners.....

11% of respondents said things were good.....

13% of respondents said things haven’t changed (“change you can believe in!”).....

77% of small business respondents said that obama’s small business policies have negatively affected their small businesses.....

This can’t be!....

As part of the non-spurring stimulus bill left to obama’s administration to implement, $200 BILLION was to be used to assist small business owners.....

It was to be Main St. over Wall St.....

However, the owner of your favorite coffee shop down the street sat with his other small business buds and watched as obama’s great economic minds handed out TARP cash
to banks and large corporations.....

Things were not going as obama’s treasury secretary Timmy Geitner had originally planned.....

So, in March 0f 2009, obama had another plan.....

Give them more money (since the money was not coming directly from the Treasury, no Congressional approval would be
necessary.)....

obama goes for political points as he makes a tiger woods-like public announcement that $15 BILLION more would be
allocated from TARP monies to help out small business guys.....

“This will unlock our frozen credit markets which is essential for economic recovery,” obama assured us.....

obama’s chosen SBA chief, Karen Mills, said that small businesses “create 70%” of new jobs each quarter.....

The plan was to use tax-payer monies to back 100% of SBA loans. The thinking was that this would loosen up capital, create jobs and give small business owners “change they can believe
in.”....

How’s that unemployment rate working out for ya?....

We’re not investment bankers, but we play them in D.C.....

To spur interest, obama signed off on removing the restrictions on executive compensation for those receiving TALF (small business bailout plan) funds.....

Did it work?....

Between June 2008 and June 2009, 6 months after obama’s small business plan, small business bankruptcies were up 81%.....

For the first 3 quarters of 2009 (latest for which figures are available), small business bankruptcies were up 13%.....

In October 2009, Democratic Senator Mark Warner of Virginia said, woa, we need more cash for this thing. He proposes that
another
$50 BILLION be made available for this most excellent plan.....

Oh, it worked in some places.....

Back in Maine, where obama’s chosen SBA chief Karen Mills hails from in her past life as a venture capitalist; aluminum trailer maker Alcom, Inc easily received
a $1.1 million dollar loan from obama’s government.....

But down in Fort Lee, New Jersey, small business owner James Daigle said that he was “laughed off” when he attempted to get a loan for his business.....

They are cheering in Oman and Bahrain however.....

obama’s SBA announced in February of 2010 that they had just entered into a partnership with Middle East and African countries to provide access to capitol and to
strengthen small enterprise in those regions.....

Greaaaat; Oman, Bahrain. Those aren’t cities in South Dakota.....

Also in February of 2010, obama said an additional $30 BILLION should be sent to little community banks around the country…I think he meant this
country, not sure. ....

It appears that too many banks that received the original funds for this most awesome plan were just hoarding the cash and not lending it and the little guys were getting screwed…or so the story
goes. ....

Who’s ordering dusty daiquiris in Bahrain right now?....

Toyota wasn’t doing to bad with the plan.....

$750 million of the original plan funds were to go to World Omni Financial Corp, the company that makes loans through Toyota Motor Corp. And a great American company it is.....

Massive amounts of tax-payer money paid out in stimulus funds by the obama administration and we watch as large banking executives continue to award
themselves billions in bonuses.....

Massive amounts of tax-payer money paid out by the obama administration for a jobs stimulus and unemployment rises; then billions more are asked for.....

Massive amounts of tax-payer money paid out by the obama administration for the home mortgage industry and still we see increases in mortgage bankruptcy filings.....

Massive amounts of tax-payer money paid out by the obama administration for a failed small business bailout; and still more money is allocated.....

I’ve got another plan. Let’s stop giving anything incorporated any of our money, and start giving the billions out to
individual tax-payers. We will spend,
we’re good at that. We’ll save
businesses, help the economy, and then travel to Bahrain to buy a Toyota.....

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LIGHTER SIDE

 

ALERT ALERT

Obama Lies Again: – Ignores That The Year After Signing The Stimulus More Than (4) Million Jobs Were Lost

Former President Obama, the only President in US history who had his FBI and other Intel agencies spy on the opposition party candidate, claims that he created the great economy that Americans are enjoying today. The only thing Obama created was debt and massive job losses with his horrible economic recovery.

Yesterday the former President tweeted an effort to take credit for President Trump’s successful economy:

Joe Hoft@joehoft

Of course another @BarackObama lie. He can’t open his mouth without lying. 11 years ago the US lost (4.3) million jobs over the next 12 months. Horrible liar. https://twitter.com/barackobama/status/1229432034650722304 

Barack Obama  @BarackObama

Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.

President Obama’s policies were a disgrace and a failure. He doubled the national debt in spite of zero interest rates from the Fed. His recovery was the worst in US history.

Also, Obama’s assertion is just plain false. The ‘Stimulus’ was passed in February 2009 right after Obama took over the Presidency. He promised to not pass any bills for at least a week to allow for the bills to be read by the people but lied as soon as he was sworn in. The Stimulus was hundreds and hundreds of pages of government handouts to Democrat districts and it was close to $1 million. This was not what America needed and it led to the Tea Party.

Far-left Wikipedia has this to say about the Stimulus:

Note that in his infinite wisdom, NYT economist Paul Krugman is credited with arguing that “the stimulus was far smaller than the economic crisis warranted”. (He also said the markets would crash and burn if President Trump was elected President.)

The data shows that the 12 months after Obama’s stimulus, the US lost 4.3 million jobs:

In Obama’s first three years he netted a loss of 1.5 million jobs compared to President Trump who has added more than 6.7 million jobs.

When it comes to the economy, the billionaire schools the community organizer every time.

Tucker: Bloomberg is trying to buy the election

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