Senate Republicans blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama’s election-year battle to reduce unemployment.
Tempers ran high as Democratic leaders failed to muster the 60 votes needed to advance the measure over a Republican filibuster…
Even if the Senate passes the small business lending bill next week, it will be too late to get it to Obama’s desk before mid-September. The House of Representatives, which passed its version of the bill in June, is set to begin a six-week break on Friday. The House will be unable to vote on the version passed by the Senate until then…
Obama has been pushing for passage of the lending measure arguing that getting more capital into the hands of independent community bankers would lead to more small business loans. It is supported by independent bankers and business groups.
Right now, in my neck of the prairie, there is no sector of banking with more energy and activity than small business lending. Every penny made available to community banks would be going straight back out the door into economic stimulus – and to qualified borrowers at that.
The Republican Party could care less.
I’m getting a kick out of you panty-waisted leftists crying about the mean Republicans. You guys have the White House, the House of Reps., and the Senate and you still whine about the Republicans. If you guys had any real leadership, you might be able to pass your socialist agenda a little easier.
Democrats, singing the same sad sack dirge year after year. Keep blaming it on the other guy, losers!
A country gets the government it deserves and after reading the pig stupid partisan brain farts being posted at this site I’d say an awful lot of people deserve to be sold to the highest bidder because they are way to foolish to deserve freedom or to exercise the right to vote.
Freedom of speech is a wonderful thing. It allows people to judge the truth worth of what you support.
Could someone explain to me why this $30 billion to banks is somehow supposed to work better than the $750 billion we already gave?
Are the Democrats insane?
Smith, -30 is a higher number than -750.
If you have any more easy questions, just ask.
Caught Anthony Weiner on tape from yesterday. He’s upset the Repukes are voting in block to defeat healthcare for 911 responders.
Whether the Dems are wimps or lack a backbone is irrelevant: The Repukes are putting party politics above every other interest. No balance. Truly pukes.
The party of NO has NO POWER!
House of Representatives is a >50% vote: Dems have it.
Senate is >60 Senate votes for : Dems have it.
So the premise of Eideard’s liberal whine is off base….it’s a few defecting Democrats that are throwing the Spend-Spend-Spend-Train off it’s tracks.
The republicans are predictable. The problem with the Democrats are the existence of the Blue Dogs, which are Republicans pretending to be Democrats.
They’re the leftover racist dixiecrats that progressive liberalism has been trying to get rid of for years, but these old men just refuse to retire back to their plantations.
So now the government wants to buy a share of some smaller banks, and assumes it will make a profit on the 30 billion investment it is making. If it is such a guaranteed profit, you would think someone would invest their own money.
Instead corporations are hoarding cash.
The 9/11 responders bill received 255 votes. Yet it did not pass. Think about why that is for a moment.
What’s funny is the GOP doesn’t seem to give a damn about the 1st amendment….at least until they feel that corporate interests are threatened, then suddenly they’re sword wielders of the corporations 1st amendment right to put as much PAC money as they can into a campaign.
1) republicans can block nothing until november, if it was BLOCKED, it was by Dems
2)it was full of pork spending that we cannot afford, they should be cutting programs not adding them
Corporations are more important to the GOP than people, plain and simple.