Going back to one of my previous posts, I wrote about how Obama had nothing in his stimulus plan for entrepreneurship and small business. Well now he’s fixed that. Today the president stated the U.S. Treasury will buy as much as $15 billion Small Business Administration loans. This is all in hope that business will be able to get more capital to stimulate the economy. Obama said “Too many entrepreneurs can’t access the business capital they need to start or grow their businesses.” The policy hope to fix this and generate some jobs. I must add one thing though, isn’t America’s source of the problem debt and now we will award more debt. I admit to not knowing much about economics and the sort, but if places such as Silicon Valley can continue to produce excellent companies, then I am all for it.
March 16, 2009, 8:55pm Comments
