<http://scottystarnes.wordpress.com/author/scottystarnes/> So Much for Obama's Claim that he is 'Pro-Business'...Congress ordered to end programs intended to help Small-Business Lending<http://scottystarnes.wordpress.com/2010/07/21/so-much-for-obamas-claim-that-he-is-pro-business-congress-ordered-to-end-programs-intended-to-help-small-business-lending/> *Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>*| July 21, 2010 at 5:33 PM | Tags: bailouts <http://scottystarnes.wordpress.com/tag/bailouts/>, Barack Obama<http://scottystarnes.wordpress.com/tag/barack-obama/>, Congress <http://scottystarnes.wordpress.com/tag/congress/>, Obama<http://scottystarnes.wordpress.com/tag/obama/>, President Obama <http://scottystarnes.wordpress.com/tag/president-obama/>, small business <http://scottystarnes.wordpress.com/tag/small-business/>, small business lending<http://scottystarnes.wordpress.com/tag/small-business-lending/>, TARP <http://scottystarnes.wordpress.com/tag/tarp/>, TARP bailout<http://scottystarnes.wordpress.com/tag/tarp-bailout/>, taxpayers <http://scottystarnes.wordpress.com/tag/taxpayers/>, Treasury Department <http://scottystarnes.wordpress.com/tag/treasury-department/>, Wall Street <http://scottystarnes.wordpress.com/tag/wall-street/> | Categories: Uncategorized <http://scottystarnes.wordpress.com/category/uncategorized/> | URL: http://wp.me/pvnFC-1Vi
Under Congressional orders to shrink TARP, the Obama administration will end a never-utilized $30 billion program designed to boost small-business lending. So much for the "I'm pro-business" claim. The Treasury Department, under Congressional orders to shrink and end sooner the much-maligned Troubled Asset Relief Program, plans to *curtail two programs originally intended to help consumer and small-business lending.* Treasury officials say they plan to end a *long-delayed, never-utilized $30 billion program designed to boost small-business lending* and cut the amount of money available for a Federal Reserve lending program. The Treasury will also stop creating any new programs to stabilize the financial sector. The moves are expected to have minimal impact *since the programs were not being used to the extent originally envisioned*. The Fed's Term Asset-Backed Lending Facility, which provided financing to bolster issuance of consumer and business loans, *was used less than anticipated after markets stabilized*. The markets, aka Wall Street, made out like bandits under TARP. Main Street, aka the taxpayers, were left to struggle. Unemployment is up and Americans are looking for work. TARP had programs to lend small businesses money and they didn't utilize the funds. Obama doesn't care about any people. That's my Kanye West moment. Add a comment to this post<http://scottystarnes.wordpress.com/2010/07/21/so-much-for-obamas-claim-that-he-is-pro-business-congress-ordered-to-end-programs-intended-to-help-small-business-lending/#respond> <http://feeds.wordpress.com/1.0/gocomments/scottystarnes.wordpress.com/7396/> <http://feeds.wordpress.com/1.0/godelicious/scottystarnes.wordpress.com/7396/> <http://feeds.wordpress.com/1.0/gostumble/scottystarnes.wordpress.com/7396/> <http://feeds.wordpress.com/1.0/godigg/scottystarnes.wordpress.com/7396/> <http://feeds.wordpress.com/1.0/goreddit/scottystarnes.wordpress.com/7396/> [image: WordPress] WordPress.com <http://wordpress.com/> | Thanks for flying with WordPress! Manage Subscriptions<http://subscribe.wordpress.com/?key=de295410130974f845baf32457f11c9a&email=baconlard%40gmail.com>| One-click Unsubscribe<http://subscribe.wordpress.com/?key=de295410130974f845baf32457f11c9a&email=baconlard%40gmail.com&b=CoL%3FIBnc0qVIYrgfl%3DTqjR%25f%5D%26694oBp6%5DeW%5Dw-p>| Reach out to your own subscribers with WordPress.com.<http://wordpress.com/signup/?ref=email> *Trouble clicking? Copy and paste this URL into your browser:* http://subscribe.wordpress.com -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
