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Thread: Obama pleads with Republicans on small business bill

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    Obama pleads with Republicans on small business bill

    EDISON, New Jersey — US President Barack Obama pleaded with his Republicans foes Wednesday not to block his bid to aid small businesses, an economic sector he called "as American as apple pie."

    Obama met local business owners at the tiny Tastee Sub sandwich shop in New Jersey, which he said was an example of the small businesses and startups that the country needs to start creating new jobs to cut 9.5 percent unemployment.

    "It is clear we need to do more," Obama said.

    "That's why I am urging the Senate to approve a jobs bill that will do two big things for small business, cut taxes and make more loans available."
    AFP: Obama pleads with Republicans on small business bill

    Republicans strategy is to stop the country from recovering, and blaming it on Obama.
    Ever have to dance with the devil in the pale moonlight?
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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by The Dane View Post
    AFP: Obama pleads with Republicans on small business bill

    Republicans strategy is to stop the country from recovering, and blaming it on Obama.
    I haven't read the bill yet and I'm not sure you have either, so let's hold our horses before we start the blame game.
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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Harry Guerrilla View Post
    I haven't read the bill yet and I'm not sure you have either, so let's hold our horses before we start the blame game.
    The fact is ... he is correct, HG.

    Republicans are nothing more than big business mouthpieces. Republicans have ALWAYS had issues with honesty (so have Democrats) ....

    It's time for laws that force big businesses to pay a hefty price for interfearing in politics.

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Vader View Post
    The fact is ... he is correct, HG.

    Republicans are nothing more than big business mouthpieces. Republicans have ALWAYS had issues with honesty (so have Democrats) ....

    It's time for laws that force big businesses to pay a hefty price for interfearing in politics.
    Well just from my initial look at this bill, it's entirely supply side.
    What good is this bill, if there is no demand from consumers?
    Last edited by Harry Guerrilla; 07-29-10 at 03:35 AM.
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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Harry Guerrilla View Post
    Well just from my initial look at this bill, it's entirely supply side.
    What good is this bill, if there is no demand from consumers?
    It creates jobs and lowers unemployment. This is important.... whether Republicans like it or not.

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Vader View Post
    It creates jobs and lowers unemployment. This is important.... whether Republicans like it or not.
    That's what they hope it will do.

    Businesses don't grow a whole lot, if demand is down.
    The fact of the matter is that the whole economy is at a stand still because of uncertainty in relation to deficits.

    I also see that the tax breaks are only good for one year and have to be reauthorized annually.
    Pretty wimpy, if you ask me.
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    Re: Obama pleads with Republicans on small business bill



    "Obama's plan would offer small banks capital and incentives to lend to small businesses, to unlock frozen credit for the small firms.

    It would also create tax incentives for new investments by small businesses which want to expand -- for instance, offering quick tax reductions for outlays on new machinery or equipment.

    The plan would also wipe out capital gains taxes on key investments in small businesses, in a bid to encourage the flow of capital to such firms."

    REDUCING TAXES stimulates economic growth????

    ummmmm....


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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Harry Guerrilla View Post
    That's what they hope it will do.

    Businesses don't grow a whole lot, if demand is down.
    The fact of the matter is that the whole economy is at a stand still because of uncertainty in relation to deficits.

    I also see that the tax breaks are only good for one year and have to be reauthorized annually.
    Pretty wimpy, if you ask me.
    Well government spending increases demand in the economy. Things like unemployment benefits, you know which was shot down.

    Also, its pretty smart to have them be reauthorized annually, keep them as long as were in a recession, and once we come out of this economic downturn don't reauthorize them. Cut down the deficit some.

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Your Star View Post
    Well government spending increases demand in the economy. Things like unemployment benefits, you know which was shot down.
    I agree with that but there is a limit to the success quantitative easing.

    Quote Originally Posted by Your Star View Post
    Also, its pretty smart to have them be reauthorized annually, keep them as long as were in a recession, and once we come out of this economic downturn don't reauthorize them. Cut down the deficit some.
    I think we're putting ourselves into a yo-yo tax situation.
    One year it's up, the next it's down.
    Creating a lot of uncertainty and hesitation.

    It's time to streamline it, so there is a (somewhat) foreseeable future.
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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by VanceMack View Post
    REDUCING TAXES stimulates economic growth????

    ummmmm....
    First thing I noticed too. It must have been a mistake. Democrats keep telling us that tax cuts do not create any jobs or help improve the economy.

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