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Thursday, November 25, 2010

The evil global bankers - lessons from history Part 1

Wednesday, February 3, 2010

A few things today. Obama has this big jobs program announcement. He said he is going to use returned TARP money to fund low interest bank loans to small businesses and also give them tax breaks. We are 12.5 t in debt and a tax break is not going to help that in the short term if at all. Low interest loans through the banks is what got us into this mess in the first place. Using the TARP funds, he is doing an end around the legislature and not paying down the debt. Regulatory reform would help small businesses most along with TORT reform to lift some of the burdensome regulation and liabilities small businesses face.
Secondly, he is blaming the Republicans in congress for the failures of his party. It was Bush that got the blame for everything and now it is the minority party in congress? How about this scenario, your agenda is costly, job killing, and big government, nobody wants it. he can not take criticism or blame for anything that does not go his way.