Republicans are anti-small business

[Guest Bad Day]

Reuters – Republicans Block Small Business Lending Plan In Senate: “Senate Republicans on Thursday blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment.

 

What gives, GOP? Big business only because that's who fill your coffers?

[Guest Michican Cherry]

I just spoke with a female Republican on the plane about this very issue. She explained that bailing out small businesses is just going to lead to socialism.

 

I responded that large banks were given money bailout money with the consent of Democrats and Republicans. I also explained that the banks paid back their loans with interest that went to the Treasury.

 

She said that was a mistake of the old Republican guard. We should have not bailed out anyone.

[Guest NO REPUBLICRATS]

As usual, our government went quickly to the aid of big business and banks and left the rest of the small businesses to fend for themselves. All the while bickering back and forth and trying to add their own pet projects to the bill. Pathetic, vote them all out!

[Guest America is Funny]

I just spoke with a female Republican on the plane about this very issue. She explained that bailing out small businesses is just going to lead to socialism.

 

I responded that large banks were given money bailout money with the consent of Democrats and Republicans. I also explained that the banks paid back their loans with interest that went to the Treasury.

 

She said that was a mistake of the old Republican guard. We should have not bailed out anyone.

 

Hahaha! As if the GOP were going to sit back and watch Wall Streeters go broke when that's who they get paid by: If the Republicans let the big banks fail they'd only succeed in biting the hand that feeds them, literally.

Let's get real folks.

[Guest Widow's Son]

The U.S. House and the Senate are on their summer break and won't be back in Washington until after Labor Day. That gives us all the opportunity to help guide the conversation.

 

So what do I mean by that?

 

I mean this is the time, while they're at home, to ask "Will you vote for a bill that supports giving small banks the opportunity to lend money with no side amendments when you go back to Washington?

 

And if you run into someone who is a candidate for November, ask them the same question.

[Guest News Junkie]

Restaurant Owners Use Private Capital to Fuel the Growth of Their Business Instead of Waiting for Passage of Obama's $30 Billion Small-Business Stimulus Bill

 

Rather than conventional bank financing, an alternative funding source of private capital is available to restaurant owners seeking business loans to expand current operations or acquire another facility. "What restaurant owners appreciate about this new funding source is that it's not based on the owner's credit score, but rather on the strength of the owner's business plan," says Christopher Sewell, President of FinancialCI, Inc, who specializes in brokering private capital to restaurant owners.

 

According to The Hill, a Washington, D.C.-based congressional newspaper that focuses on business and politics, Obama's $30 billion dollar small-business legislation designed to stimulate lending to small businesses is stalled in the Senate with little prospects of passage. The main goal of the legislation is to provide banks that have less than $10 billion in assets incentives to lend to small businesses.

 

"In this new financial climate, restaurant owners struggle to find the business loans they need to hire more staff, expand or make acquisitions, because local banks are afraid to make business loans," says Mr. Sewell, who authors marketing advice to restaurant owners. "An alternative funding source for restaurant owners is private money loans," says Mr. Sewell, whose private capital source funds small and large restaurant owners based on future sales projections of the establishment.

 

The private fund source brokered by Mr. Sewell provides loans from $100,000 to $9 million and has three main criteria restaurant owners must demonstrate before approval:

 

* A strong business plan that outlines the experience level of the owners and how the funds will be used to increase the revenue of the restaurant

* The owner's personal credit report must not contain any bankruptcies, foreclosures, liens, judgments, or collections; however, the overall score isn't a factor

* A valid business license and other supporting documentation to establish the restaurant as tangible and legal

 

 

Mr. Sewell, who graduated from the University of Virginia with a bachelor's and master's degree in Electrical Engineering, is offering restaurant owners a free copy of his most recent article, "How To Use Online Classifieds To GET MORE BUSINESS To Your Restaurant IN THE NEXT 30-Days, 100% FREE!"

 

To receive a free copy of Mr. Sewell's article and to get a free 30-minute private consultation on how his private capital source can assist restaurant owners expand current operations or buy another restaurant, please contact Mr. Sewell directly at 301-549-1454 or visit

 

http://www.ExpressFundingSolutions.com/restaurant/

[Guest ASBL]

The U.S. House and the Senate are on their summer break and won't be back in Washington until after Labor Day. That gives us all the opportunity to help guide the conversation.

 

So what do I mean by that?

 

I mean this is the time, while they're at home, to ask "Will you vote for a bill that supports giving small banks the opportunity to lend money with no side amendments when you go back to Washington?

 

And if you run into someone who is a candidate for November, ask them the same question.

 

The U.S. Government Accountability Office (U.S. GAO) has released another investigation in a long series of investigations which have uncovered widespread fraud and abuse in federal programs managed by the Small Business Administration (SBA). (http://www.gao.gov/new.items/d10920t.pdf)

 

In its latest investigation, the GAO conducted a supplemental review of the SBA’s Historically Underutilized Business Zone (HUBZone) program and found that the SBA failed to identify companies attempting to register for the program using blatantly fraudulent information. As part of its investigation, the GAO was able to successfully register three bogus companies for participation in the program using such false business locations as the Alamo in Texas, a public storage facility in Florida, and a city hall in Texas, according to the report.

 

This latest investigation stands as another example of a complete lack of oversight over small business programs by the SBA.

 

Since 2003, more than 25 federal investigations by the GAO, the SBA Office of Inspector General (SBA IG) and Inspectors General for federal agencies like the U.S. Department of Interior (DOI) have all found a complete lack of oversight in SBA administered small business programs. (http://www.asbl.com/documentlibrary.html)

 

In one such investigation conducted by the GAO into the veteran owned small business contracting program, the agency reported, “By failing to hold firms accountable, SBA and contracting agencies have sent a message to the contracting community that there is no punishment or consequences for committing fraud or abusing the intent of the SDVOSB program." (http://www.gao.gov/new.items/d10108.pdf)

 

To date, the Obama Administration has failed to adopt any legislation or policy to halt the abuses. The American Small Business League (ASBL) has estimated that every year more than $100 billion in federal small business contracts are diverted to Fortune 500 firms and other large businesses.

 

According to the most recent information released by the Obama Administration, some of the firms that have received small business contracts include Lockheed Martin, Textron, Boeing, Raytheon, Dell Computer, Thales Communications, British Aerospace (BAE), Ssangyong Corporation headquartered in South Korea, and Italian firm Finmeccanica SpA. (http://www.asbl.com/documents/20090825TopSmallBusinessContractors2008.pdf)

 

“Despite the fact that small businesses create nearly 100 percent of net new jobs, they have received virtually none of the stimulus money and the Obama Administration has turned a blind eye to billions of dollars in fraud in small business programs,” ASBL President Lloyd Chapman said. “If President Obama is serious about wanting to stimulate the economy, he needs to stop these abuses by passing H.R. 2568, the Fairness and Transparency in Contracting Act.”

[Guest ALWAYSRED]

The ball is in the Democrats court.

 

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In a letter being sent today, House Republican committee leaders are calling on their Democratic counterparts to begin immediate work on the two-point jobs plan put forth last week by Republicans and promoted Sunday by Congressman John Boehner (R-West Chester) on CBS’ “Face the Nation.” The plan calls for bipartisan action this month in Congress on legislation that would remove barriers to private-sector job creation by cutting non-security discretionary spending back to 2008 levels and stopping all of the coming tax hikes by freezing all current tax rates to provide much-needed certainty to small businesses. The letter, from Reps. Dave Camp (R-MI), Jerry Lewis (R-CA) and Paul Ryan (R-WI), is being sent today to Chairmen Sander Levin (D-MI), David Obey (D-WI), and John Spratt (D-SC). The text of the letter:

 

“Last week, House Republicans set forth a blueprint for bipartisan action that can be enacted this month to help our nation's economy get back to creating jobs. We write today to formally request that we begin talks immediately on such legislation, with the aim of sending it to the president's desk for signature before Congress adjourns this fall.

 

“It is painfully clear that excessive spending by government, coupled with the looming threat of a $3.8 trillion tax hike on January 1 that will raise taxes on 56% of all business income -- including on the vast majority of the small businesses that are the engines of job creation -- will further discourage private-sector job creation. If both parties are serious in the pledges we have made to focus on jobs, it is critical that legislators on both sides of the aisle come together and use what time remains in this Congress to enact legislation that removes these harmful barriers to private-sector job creation.

 

“To this end, Republicans have proposed that we come together in a bipartisan way to enact legislation this month that cuts non-security discretionary spending back to 2008 levels for the next year, and provides certainty for small businesses by freezing all tax rates at their current levels for the next two years. The spending cuts would be enacted now, to avert the possibility of Congress using a lame duck session to pass a bloated spending bill for next year after the November elections, and would include common-sense exceptions for programs affecting our seniors, veterans, and national security.

 

“Leaving town at the end of this month or early next month without acting on both of these priorities would send a grim signal to the American people that this Congress and the Obama administration are still not focused on the critical issue of jobs. We write today to ask that bipartisan discussions begin immediately to lay the groundwork for bipartisan action this month on the economic plan outlined above.”

 

 

http://republicanleader.house.gov/UploadedFiles/TwoPointPlan_Letter_To_Chairmen.pdf