Remarks of barack [INSANE] Obama, Mm...Mm...Mm!!
Weekly Address, October 24, 2009; Washington, DC
All across America, even today, on a Saturday, millions of Americans are hard at work. They’re running the mom and pop stores and neighborhood restaurants we know and love. They’re building tiny startups with big ideas that could revolutionize an industry, maybe even transform our economy. They are the more than half of all Americans who work at a small business, or own a small business. And they embody the spirit of possibility, the relentless work ethic, and the hope for something better that is at the heart of the American Dream.
[What I'm not telling you: This "American Dream" thing.... as you know it, is going to be a thing of the past. The independent spirit shown by the founders of this country is detrimental to the plans I have for America..... for the world as a whole. Independence can lead to great wealth-and conversely-great poverty!! In my fascist style program for The United States, personal independence and wealth can not play a part. For my plan of world economic equality, there's currently no effective way to increase the personal or governmental wealth worldwide. The most effective plan to achieve my goal is to reduce Americans' personal wealth.]
They also represent a segment of our economy that has been hard hit by this recession. Over the past couple of years, small businesses have lost hundreds of thousands of jobs. Many have struggled to get the loans they need to finance their inventories and make payroll. Many entrepreneurs can’t get financing to start a small business in the first place. And many more are discouraged from even trying because of the crushing costs of health care – costs that have forced too many small businesses to cut benefits, shed jobs, or shut their doors for good. Small businesses have always been the engine of our economy – creating 65 percent of all new jobs over the past decade and a half – and they must be at the forefront of our recovery.
[What I'm not telling you: It is true, small business is a far larger segment of the economy than the public realizes. What's also true is I'd rather that more of them fell on "hard-times" thus requiring more and more federal financial assistance. This is a two-pronged benefit to me: First, with needed financial help, I'm in a better position to meddle in that segment of the economy, to pick-and-choose those that receive assistance; to "spank" those who don't fall in line with my desires [think: Fox News!!]. Secondly, the more dire straits this segment is in, the greater the unemployment rates attributed to them. Ever higher unemployment rates, while I publically disparage them, are an integral part of the whole scheme; the higher the they are-the easier it is to force this FluffyCare crap down the public throat!!]
That’s why the Recovery Act was designed to help small businesses expand and create jobs. It’s provided $5 billion worth of tax relief, as well as temporarily reducing or eliminating fees on SBA loans and guaranteeing some of these loans up to 90 percent, which has supported nearly $13 billion in new lending to more than 33,000 businesses. In addition, our health reform plan will allow small businesses to buy insurance for their employees through an insurance exchange, which may offer better coverage at lower costs – and we’ll provide tax credits for those that choose to do so. And this past week, I called on Congress to increase the maximum size of various SBA loans, so that more small business owners can set up shop and grow their operations. I also announced that we’ll be taking additional steps through our Financial Stability plan to make more credit available to the small local and community banks that so many small businesses depend on – the banks who know their borrowers, who gave them their first loan and watched them grow.
[What I'm not telling you: While I publically express a desire to put small businesses on the path to profitability and success; privately, I "sing a different song." Small businesses account for more than 50% of GDP. Small businesses are being choked by only having access to a paltry $5Billion out of the whole $787Billion Porkulus bill. Compare this to the auto industry's portion of GDP and the amount of money I spent to buy two of the "big three" auto companies!! {Note to self: How the Hell can we "spank" Ford for having the foresight to eliminate their need for any bailout funds? Get Czar-Comrades Bloom and Feinberg on this ASAP!! Congratulate Czar-Comrade Kundra on the Fox NEWS "spanking," WELL DONE!!} See how that works? The greater segment of the economy-the smaller amount of money available for sustainability!! So far, my czars and I have managed to get the SBA loan failure rate up from a dismal 2.4% in 2004 to the 2008 rate of 12%!! {Anybody for more KoolAid?!?!}]
The goal here is to get credit where it’s needed most – to businesses that support families, sustain communities, and create the jobs that power our economy. That’s why we enacted the Financial Stability Plan in the first place, back when many of our largest banks were on the verge of collapse; our credit markets were frozen; and it was nearly impossible for ordinary people to get loans to buy a car or home or pay for college. The idea was to jumpstart lending and keep our economy from spiraling into a depression. Fortunately, it worked. Thanks to the American taxpayers, we’ve now achieved the stability we need to get our economy moving forward again.
[What I'm not telling you: I'm merely continuing the policies that democRAT comrades Cuomo and "Slick-Willie" Clinton instituted in the 1990s. They loosened the personal financial requirements to almost ZERO, to put "less-than-deserving" folks into homes they couldn't afford and by-and-large, had no desire to pay for!! This turned out to be a beneficial two-edged sword for all of us!! "Slick" got the credit for putting more folks in housing; I have the benefit of continuing the tax policies that will eventually re-distribute most of Americans' wealth, if not worldwide-at least nationwide.... primarily to those "KoolAid drinkers" whose votes are for sale.]
But while credit may be more available for large businesses, too many small business owners are still struggling to get the credit they need. These are the very taxpayers who stood by America’s banks in a crisis – and now it’s time for our banks to stand by creditworthy small businesses, and make the loans they need to open their doors, grow their operations, and create new jobs. It’s time for those banks to fulfill their responsibility to help ensure a wider recovery, a more secure system, and more broadly shared prosperity. And we’re going to take every appropriate step to encourage them to meet those responsibilities. Because if it’s one thing we’ve learned, it’s that here in America, we rise and fall together. Our economy as a whole can’t move ahead if small businesses and the middle class continue to fall behind.
This country was built by dreamers. They’re the workers who took a chance on their desire to be their own boss. The part-time inventors who became the fulltime entrepreneurs. The men and women who have helped build the American middle class, keeping alive that most American of ideals – that all things are possible for all people, and we’re limited only by the size of our dreams and our willingness to work for them. We need to do everything we can to ensure that they can keep taking those risks, acting on those dreams, and building the enterprises that fuel our economy and make us who we are.
[What I'm not telling you: Credit in and of itself, is a valuable tool when used wisely. Early in the "boomer generation," children were taught by both parents and schools the values of personal finance, integrity and ethics to name a few topics. Then in the early 1960s, succeeding democRAT administrations began the modern era of governmental dependency; realizing that the more they have "suckling at the government teat," the more votes they've bought, the more "KoolAid drinkers" they can goad into almost anything that will ultimately mean more unearned money in their pockets!! What I don't want you to realize is that in most cases you can function quite well, if only you rely on those principles that founded and guided this country to greatness. If you figure that out, you're working against my desires a fascist monarchy for America; for a fascist, one-world government!!]
Thanks.
Til Nex'Time....
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