While McCain Slings Mud, Obama Proposes Smart Rescue Plan for Small Businesses
While John "I don't really understand economics" McCain and his supporters continued today to desperately scour for dirt to distract voters from the imploding U.S. economy, Barack Obama rolled out a smart new $5 billion Small Business Emergency Rescue Plan to help small business through this ongoing historic meltdown of the American economy.
Observed Obama, "The financial crisis is threatening the viability of America’s small business. Thousands of small firms are unable to access the credit they need to pay their workers, produce their products, or finance their inventories... They are facing the prospect of having to lay off workers, cut back operations or close their doors altogether... "
The main purposes of this smart rescue package are to quickly aid U.S. small businesses, which are responsible for more than two-thirds of new job creation, to:
- help small firms obtain the loans the need to meet day-to-day operating expenses,
- make important short-term investments, and
- meet payroll expenses.
Take a few minutes to read through my summary of Barack Obama's Small Business Emergency Rescue Plan, which is an interesting, well thought-out mix of tax incentives and cuts, increased availability of small business loans, and restoration of Bush administration butchering of small business counseling offered by the Small Business Administration.
Once again this week, Barack Obama was a leader, calmly responding to this unprecedented financial crisis by offering constructive, full fleshed-out plans to respond to the emergency and to directly help Americans.
And once again, John McCain and runing mate Sarah Palin played politics, ignored the devastating crisis, and slung ugly, vicious political mud... and they ignored the pain, confusion, and heartfelt financial fear of Americans.
At this point in time, after eight years of abject failures under Republican fiscal policy, there is only one rational, reasonable choice for President of the United States: Barack Obama.
(Photo taken on Oct 10, 2008: Mark Lyons/Getty Images)
Comments
Right on!