PRESIDENT ZERO'S LATEST JOBS BILL

Let's take this new so-called "jobs bill" that the Democrats have just pushed through congress. The bill comes complete with $30 billion worth of government guarantees for loans to businesses made by smaller financial institutions. Now the Democrats would have you believe that businesses have been out there clamoring for loans but the banks just haven't had the money to lend. That's your mindset, right? Well, you're wrong. First, most small businesses aren't out there trying to borrow money right not. Secondly, the smaller banks out there have plenty of money to loan ... just no customers. The owners of these businesses simply don't want to put whatever wealth they still have on the line while they're faced with the uncertainty of Obama's economic policies. They have no idea what their tax structure is going to look like. They're sitting and waiting for over 150 new sets of regulations to be written by Obama's essentially anti-capitalist cronies, and they're scared to death of ObamaCare. They're simply not in the mood to borrow and invest while so much uncertainty exists.
Let's look at the $30 billion in loan guarantees to banks. This, according to Obama, will make money available to loan to businesses so they can get out there and create jobs. Tell me please, why do the small banks need this money when they're already sitting on over $1 trillion dollars in excess reserves they could loan if they want to? Simple ... the small banks DON'T need the money. The AP reported last week that bank executives are reporting that their customers don't even WANT loans! Expansion plans are on hold until these businessmen see what is going to happen to our economy. The National Federation of Independent Business said that 91% of their members say that all of their credit needs have been met. The demand simply isn't there.
Why, then, the $30 billion in guarantees? First, the Democrats wanted to make it look like they were doing something. The average government-educated citizen might look at this and think to themselves that Obama really does care about jobs and he's doing everything he can to get the money to these small businesses so they can expand and hire. That's why government education is so valuable to the political class. No rational thinking skills taught.
Perhaps, though, the true goal here was more control. What strings would be attached to these guarantees? Have all the rules been written yet? Will the banks have to jump through countless hoops to loan the money? Will PC considerations of race and gender come into the picture? How many banks will find themselves being investigated for failure to have the proper racial and gender ratio of borrowers? I've also heard that perhaps businesses who apply for these loans, and who are turned down, will have appeal rights? Appeals? Do banks really want to accept this money and try to loan it to borrowers if applicants with no good business plan or bad credit can start to tie banks up with appeals?
This president and his political myrmidons in Congress are a menace to our country and to our economy. He is anti-capitalist to his very core, and businessmen and women across the country are starting to "get it." If things aren't radically changed in November you need to start looking for alternative places to live.