Take $100 Billion. (That' eleven zeroes)
Divide it by $50,000. small business loans for every business that hires one new person.
= 2 million jobs.
Sure they're not going to be the best jobs, but some of those small businesses will actually thrive and prosper--with a little help and some new labor- and grow into medium businesses. Some will waste the money, some will run off to Cuba or whatever. But we're talking about REAL STIMULUS TO THE HEART OF THE AMERICAN ECONOMY-- Small business. Where will they spend their money? On The Street.
You can't worry about people's credit for approval of these stimulus loans, or other hoops of fire most of us won't be able to jump through. How about a 4.5% interest rate and a twenty year pay back? That's better than what we are going to get from the banking industry. -- remember Citigroup got 129 billion in one shot? Aren't America's small businesses a better investment than that?
Showing posts with label small business loans. Show all posts
Showing posts with label small business loans. Show all posts
Monday, February 16, 2009
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