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- Sep 15, 2012
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According to Obama he is not to blame for the ecomomy... its the private sector banks that will not loan money to small buisnesses.
Fact:
Since he took office the SBAs govt loans are down 42% in 2011 from 2006. Or in other words off by about 4.5 trillion. Apparently hes not investing or loaning money either. No one calls him on this shit.
Also when you get a small buisness loan from the SBA you get the money from a private bank not Uncle Sam. The fed gives them huge credits and incentives for making these loans. Truth is they love to make loans like this as they can recoup from the US Treasury.
http://nadco.org/files/public/504stats/504_Loan_Approvals_123110.xls
http://www.nadco.org/files/public/ApprovalsbyCDCthruSep06.pdf
Fact:
Since he took office the SBAs govt loans are down 42% in 2011 from 2006. Or in other words off by about 4.5 trillion. Apparently hes not investing or loaning money either. No one calls him on this shit.
Also when you get a small buisness loan from the SBA you get the money from a private bank not Uncle Sam. The fed gives them huge credits and incentives for making these loans. Truth is they love to make loans like this as they can recoup from the US Treasury.
http://nadco.org/files/public/504stats/504_Loan_Approvals_123110.xls
http://www.nadco.org/files/public/ApprovalsbyCDCthruSep06.pdf