"Clown Prince" Weekly Blather; February 6th

A Patriotic Response To The "Clown Prince" 02/06/2010 Weekly Address February 6, 2010 Even though our economy is growing again, these are still tough times for America. Too many businesses are still shuttered. Too many families can’t make ends meet. And while yesterday, we learned that the unemployment rate has dropped below ten percent for the first time since summer, it is still unacceptably high – and too many Americans still can’t find work. But what we must remember at a time like this is that we are not helpless in the face of our difficulties. As Americans, we make our own destiny. We forge our own path. And I am confident that if we come together and put aside the politics that keeps holding us back, we can do that again. We can rebuild this economy on a new, stronger foundation that leads to more jobs and greater prosperity. I believe a key part of that foundation is America’s small businesses – the places where most new jobs begin. These companies represent the essence of the American spirit – the promise that anyone can succeed in this country if you have a good idea and the determination to see it through. And every once in awhile, these ideas don’t just lead to a new business and new jobs, but a new American product that forever changes the world. After all, Hewlett Packard began in a garage. Google began as a simple research project. [What I'm not telling you: The drop in the U-3 unemployment rate actually means little to nothing in the whole scheme of things. That was nothing more than tweaking the total number of jobs in the American economy; the large number of former workers have been unemployed long enough to have crossed into U-4, U-5 or U-6 categories, which thankfully, aren't reported on [The U-6 number; those not working for any reason; for any length of time, is approaching 18% while the SGS Alternate Rate is just barely under 22%!!! Nearly ONE-QUARTER of the American workforce is NOT working, and--at my insistance--no one will report the REAL statistics!!] {NOTE: The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.} Government can’t create these businesses, but it can give entrepreneurs the support they need to open their doors, expand, or hire more workers. And that’s what we’ve always done in this country. The folks at Southwest Windpower in Flagstaff, Arizona started their company in a small home. Since getting a loan from the Small Business Administration, they’ve sold 160,000 wind turbines to about 90 different countries, and are hiring even more workers today. When Sam Ko walked into one of the SBA’s small business development centers in Illinois, he didn’t have any business experience at all – just a patent for a new metal manufacturing technology. He was given a loan and a business plan, and today his company is still growing, with offices all over the Midwest. Last year, the steps we took supported over 47,000 loans to small businesses and delivered billions in tax relief to small business owners, which helped companies keep their doors open, make payroll, and hire workers. But we can and must do more. That’s why I’ve proposed a series of steps this week to support small business owners and the jobs they create – to provide more access to credit, more incentives to hire, and more opportunities to grow and sell products all over the world. [What I'm not telling you: Windpower will be a long time coming into common existance in the United States. The tree huggers are concerned about their rural 'views' while the alternative energy promoters haven't enough political "umph" to overcome them. While manufacturing the windpower equipment in the U.S. is good for the economy, I can take no credit for it. My destruction of the economy wasn't effective enough to take them to bankruptcy. The vast majority of the equipment manufactured is sold in other countries; not a help for our alternative energy plans. The "Sam Ko" reference has a factor that isn't present in any other examples I've cited. Mr Ko got his SBA loan and guidance in the State of Illinois--arguably the most corrupt state in the union, today!! Hell, they'd give welfareRATs and gang thugs a SBA loan to hire more drug dealers and lookouts for their businesses in Chicago and the other cities around Lake Michigan....they gave ACORN their start, didn't they?!?! Even as I piss away hundreds of billions of dollars in stimulus and porkulus, I can't seem to wrap my mind around the fact that no matter how much I piss away, if there are no manufacturing facilities and companies, there's nowhere to create jobs!!! Access to credit and the poor management thereof, is what helped get us into this mess. Those who have good, solid companies with viable products and business plans can and will find their own capital and credit in the private sector. Most of the crap I force-feed the public doesn't mean shit to the real business men and women; America's true entreprenuers!! America.] Because financing remains difficult for good, credit-worthy small businesses across the country, I’ve proposed that we take $30 billion from the TARP fund originally used for Wall Street and create a new Small Business Lending Fund that will provide capital for community banks on Main Street. These are the small, local banks that will be able to give our small business owners more of the credit they need to stay afloat. We should also continue to waive fees, increase guarantees, and expand the size of SBA-backed loans for small businesses. And yesterday, I proposed making it easier for small business owners to refinance their mortgages during these tough times. To give these companies greater incentives to grow and create jobs, I’ve proposed a new tax credit for more than one million small businesses that hire new workers or raise wages, as well as the elimination of all capital gains taxes on small business investment. Finally, we should provide targeted support to the most innovative small businesses – the ones with the greatest potential to export new goods and products all over the world. A lot of these companies – like the wind turbine manufacturer I mentioned – are the foundation on which we can rebuild our economy to compete in the 21st century. They just need a little help securing the financing they need to get off the ground. We have every incentive to help them do that. [What I'm not telling you: If true, solid business practices instead of fascism were in play here, the unspent TARP funds would be better spent, paying down the tremendous debt I've run up creating this obamocracy. This is really quite silly; taking funds from one presidential slush-fund and creating another presidential slush-fund!! Although, now that I think about it...... having a loan fund for small community banks WILL give me control of banks at all levels of the economy--from the big investment banks to the small regional and community banks!! Eliminating 'capital gains taxes' seems like a big deal, dudn'it?? What the serfs don't realize is: there's nothing to tax if the businesses have no money to invest!! So, elimination of the tax has a net ZERO effect on the businesses and the economy. The new companies that I spoke of.... those with the potential to export products.....?? Most Americans either can't afford to buy this crap or, wisely, have decided to save their money, which doesn't help my statistics one dam' bit!!] Next week, Congress will start debating many of these proposals. And if anyone has additional ideas to support small businesses and create jobs, I’m happy to consider them. My door is always open. But I urge members of both parties: do not oppose good ideas just because it’s good politics to do so. The proposals I’ve outlined are not Democratic or Republican; liberal or conservative. They are pro-business, they are pro-growth, and they are pro-job. Leaders in both parties have supported similar ideas in the past. So let’s come together and pass these measures without delay. Let’s put more Americans back to work, and let’s give our small business owners the support to do what they’ve always done: the freedom to pursue their dreams and build our country’s future. [What I'm not telling you: I really need the republicRATs on board with my proposals, no matter how goofy they are. When the economy continues to fail, I'll need someone to blame it on..... I can't very well blame the obamacRATs or-Heaven forbid-MYSELF, now can I?? Just as I've planned and my fascist policies have proven out...... Very dam' few Americans will be able to dream.... much less accomplish "the American Dream!!!"] Thanks for listening.