Sat, Jul 11th, 2009
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The Obama administration is developing an initiative to take money from the $700 billion rescue program for the banking system and make it available to millions of small businesses, which officials say are essential to any economic recovery because they employ so many people, according to sources familiar with the plan.
The effort would represent a striking shift from the rescue program's original mandate, since it would direct billions of bailout dollars toward a plan that aims more at saving jobs than at righting the financial system. Some economists estimate that small businesses, defined as firms with fewer than 500 workers, employ most of the country's workforce.
Related stories from top sites:
WH announces PT presser on Twitter
Jul 10th, 2009 - MSNBC
From NBC's Athena Jones Move over Facebook. The White House has crossed a new media frontier with Twitter, the latest Internet phenomenon. If you were a so-called "follower" of the Obama administration on Twitter...
White House backs dealer cuts
Jul 10th, 2009 - Freep.com
WASHINGTON The Obama administration warned Wednesday that it "strongly opposes" efforts in Congress to reverse cuts to nearly 2,200 dealers made by General Motors Co. and Chrysler Group LLC...
Remarks of President Barack Obama in Warren
Jul 10th, 2009 - Freep.com
Here are the remarks released by The White House of President Barack Obama's speech in Warren, titled "American Graduation Initiative." Thank you all very much. It's great to be back at Macomb Community College...
Bailout money may be used to bolster small businesses
Jul 10th, 2009 - The Seattle Times
WASHINGTON - The Obama administration is developing an initiative to take money from the $700 billion rescue program for the banking system and make it available to millions of small businesses...
Pope Presses Obama on Contentious Points
Jul 10th, 2009 - Wall Street Journal
VATICAN CITY -- Pope Benedict XVI pressed his case against abortion rights and embryonic stem-cell research during his first meeting with U.S. President Barack Obama,...
Related videos from YouTube:
- Mark Warner talks small...Senator Mark Warner appeared on CNBC on October 15, 2009, to discuss his plans to loosen the clogged credit market for small businesses. The proposal would combine resources from the Treasury Department ...
- First Person: Small Business...The owner of a Chicago management consulting firm says the financial bailout money recently cleared by Congress 'needs to be effective.' (Feb. 10)
- Obama: Banks Need to Help...Banks should return the favor they received in their recent taxpayer-financed bailout by lending more money to small businesses, President Barack Obama said Saturday. (Oct. 24)
- Contest awards "bailout"...Lynn Rosen of the Business Development Group talks about a contest that will give some small businesses free marketing and public relations support.
Related stories from Digg:
Banks' Next Profit Center: Small-Biz Lending
Now that mortgage bailout dollars have delivered hefty profits to the big banks, the next profit center via government subsidies is shaping up to be commercial lending. Beef 'O' Brady's owner Tom Drennen had trouble securing a loan for his small business last fall.(Business & Finance)
kitkat7Tue, Nov 3rd, 20095 Diggs, 0 CommentsMaine DECD Announce SEO Council to Aid Small Biz/Woodworkers
The State of Maine will help its small businesses with their online marketing campaigns by providing government links. Small businesses can now compete with multi-million dollar companies dominating search results. Search engines give considerable weight to government links. This is Maine's new version of a small business multi-million bail-out! (Political News)
MaineFurnitureTue, Oct 27th, 20091 Diggs, 0 CommentsVideo: Obama Warns Bailout Banks to Start Lending
President Barack Obama asked big banks that received bailout money to start lending money to small businesses as a way to return the favor to taxpayers.(Political News)
newsbullpenMon, Oct 26th, 20091 Diggs, 0 Comments
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