“Business Life - Philippine Star Online” plus 4 more |
- Business Life - Philippine Star Online
- Obama Pushes Small Business Aid, Says the American Dream Needs a Loan - ABC News Blogs
- Obama Seeks Support For Small Business - Wall Street Journal
- E & D Services begins business plan module for solar energy companies ... - PRLog (free press release)
- Obama Presses Banks on Small Business Loans - NewsMax.com
| Business Life - Philippine Star Online Posted: 24 Oct 2009 06:43 AM PDT This content has passed through fivefilters.org. | |
| Obama Pushes Small Business Aid, Says the American Dream Needs a Loan - ABC News Blogs Posted: 24 Oct 2009 06:15 AM PDT October 24, 2009 6:01 AM ABC News' Rachel Martin reports: President Obama invoked the American dream in his weekly address today -- putting the spotlight on small businesses and his efforts to get these businesses the credit they need to grow. These are the millions of Americans who "embody the spirit of possibility, the relentless work ethic and the hope for something better," the president said. But he noted that this segment of the population has been hardest hit by the current recession. "Over the past couple of years, small businesses have lost hundreds of thousands of jobs," he said. "Many have struggled to get the loans they need to finance their inventories and make payroll. Many entrepreneurs can't get financing to start a small business in the first place. And many more are discouraged from even trying because of the crushing costs of health care." While the focus of his remarks were on the need for small businesses to access better lines of credit, the president worked in another pitch for health care reform. "In addition, our health reform plan will allow small businesses to buy insurance for their employees through an insurance exchange, which may offer better coverage at lower costs -- and we'll provide tax credits for those that choose to do so," he said. President Obama said small businesses are the key to economic recovery, adding that if they are going to grow, they need help. To that end, the president called on Congress to "increase the maximum size of various SBA loans, so that more small business owners can set up shop and grow their operations. I also announced that we'll be taking additional steps through our financial stability plan to make more credit available to the small local and community banks that so many small businesses depend on." The president said that though large businesses are back on solid ground with the help of the stimulus bill, small businesses are still struggling. "These are the very taxpayers who stood by America's banks in a crisis -- and now it's time for our banks to stand by creditworthy small businesses and make the loans they need to open their doors, grow their operations, and create new jobs," he said. "It's time for those banks to fulfill their responsibility to help ensure a wider recovery, a more secure system and more broadly shared prosperity." And any real, long term economic recovery, he said, means building up the American middle class and the small businesspeople who built it. "This country was built by dreamers," President Obama said. "They're the workers who took a chance on their desire to be their own boss, the part-time inventors who became the full-time entrepreneurs, the men and women who have helped build the American middle class, keeping alive that most American of ideals. ... We need to do everything we can to ensure that they can keep taking those risks, acting on those dreams, and building the enterprises that fuel our economy and make us who we are." --Rachel Martin October 24, 2009 | Permalink | Share | User Comments (17) Are you a small business owner? If so, you're the only one I've heard who thinks that. Every government mandate is harder to absorb financially by a small company than by a big one. Posted by: Yehudit | Oct 24, 2009 10:25:15 AM My husband owns a small business (18 employees) and I'm self employed. We both support health insurance reform and a national insurance exchange with a robust public option. Posted by: Alyson | Oct 24, 2009 10:36:58 AM Posted by: paul | Oct 24, 2009 9:46:45 AM *** Hi Paul. You sound very misinformed. Since you're likely a conservative, may I suggest you read posts by Bruce Bartlett, a respected independent conservative economist, both at the Daily Beast and Capital Gains and Games. He explains the many elements that got us into the mess. You seem to be repeating oversimplified sound bites which to little to enhance understanding of what happened and how to move forward. Posted by: Alyson | Oct 24, 2009 10:31:47 AM "...The best thing Obama could do for small business is get off his arse and push for a strong public option in the health care bill..." Are you a small business owner? If so, you're the only one I've heard who thinks that. Every government mandate is harder to absorb financially by a small company than by a big one. Posted by: Yehudit | Oct 24, 2009 10:25:15 AM American business doesn't need a loan, what they need is the level playing field that the WTO (of which the US is an active member) was supposed to provide. What American business needs is for companies like WalBarf to quit reqiring vendors make their products in China! What they need is for the US Government to quit selling out the American people and business and quit forcing and worse yet encouraging American business to make their products outside the US. The more in debt the US Government gets the more they owe China who is the US's Banker. Posted by: CC | Oct 24, 2009 10:14:31 AM The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows that 30% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty percent (40%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -10 . Posted by: Fascist Hyena | Oct 24, 2009 10:01:36 AM It was the same words that got all of us into the mortgage mess. All he need to do is cut tax. Stop pushing banks into bad loans and punish them later. Such a fake. Posted by: Jackie | Oct 24, 2009 9:54:08 AM For crying out loud... it was ACORN, Obama, Barney Frank, etc. telling the banks who to make loans to that got us into this mess. Keep Obama and ACORN away from the banks. Posted by: paul | Oct 24, 2009 9:46:45 AM Sure... And Nancy's VAT tax will help us all. Posted by: millie | Oct 24, 2009 9:35:01 AM @ellsbells930 You have somehow been convinced that insurance companies cannot cross state lines. Your information source is suspect, for feeding you a load of doodoo. Insurance companies can sell insurance anywhere they want, as long as they comply with the regulations of the state they are selling in. Posted by: Flash Override | Oct 24, 2009 9:33:10 AM Obama sure has made the dreams of his pals on Wall Street come true. They donate to get him elected then he stuffs their pockets with enormous bonuses guaranteed by the stimulus that he signed--without reading it. Obama's fake outrage at Wall Street--it was so effective they paid big bucks to hear him fuss at them--wink wink. Posted by: larry | Oct 24, 2009 9:31:53 AM I wonder if he will control the small businesses, if they get SBA loans like is now with the banks,GM and others? I think we have seen this movie before, in Germany in the 30's. While he may not be that person, he certainly is acting like him on social policies. I think people are finally waking up and paying attention to he is doing, not saying. He did tell us he would change this country and he meant it. Stop printing money and other America destroying actions before it is too late. One payor health care an cap and trade, UN climate control agreements that are based on false assumptions will further bury America and take our freedoms.IS that his plan? Is he our President or the world's? Is America a great place or evil? Obama says how sorry we are while having white house parties jetting all over the world and giving our money to others. Reading miranda rights to terrorists, bringing Gitmo terrorists to America, denying troops to our soldiers, etc.....Is this what America wants? I think not. Posted by: Steve | Oct 24, 2009 9:31:35 AM Help! I can't find Tapper's piece about Obama's fake thesis analyzed on ABC's sister station by Rush Limbaugh. Where is the link to that story? Tapper stands up for FNC, but where's the story on ABC's own Rush Limbaugh? Posted by: Common Sense | Oct 24, 2009 9:27:12 AM The only dream Obama thinks about is his own. He has done nothing to help small business. Wait until health care and cap/trade are passed. Small businesses will be forced to fire more people. I hope the first to go are Obama supporters. Posted by: ollie | Oct 24, 2009 9:26:41 AM This guy obama is amazing. Just another lie coming out of his mouth like transparency, bipatisan government and no taxes for families making under 250,000. He is encouraging small business with his words but his actions with the burdens of health care taxes and cap and trade legislation prohibits small business to exist. Obama you cant tax people and place all the restrictions with a cap and trade bill on people and expect them to be able to afford to survive. Posted by: ray | Oct 24, 2009 8:37:28 AM So I guess the banks then get to dictate salaries at those small businesses? Oh- and Flash Override - a public option is not the answer. A restructuring to move insurance away from a benefit to a purchase is the answer. Permitting insurance companies to cross state lines would then help bring down premiums as would permitting purchasing co-ops (not healthcare co-ops that act as insurance companies). Posted by: ellsbells930 | Oct 24, 2009 7:45:12 AM How about reducing taxes and regulations? How about stopping the headlong rush to pile ever more mandates on business owners? How about doing things to decrease the cost of energy rather than increase it? Why hire someone when they come with dozens of obligations unrelated to their new jobs and are harder to lay off? Why invest in a business whenn the profits will be taxed away? Posted by: mesquito | Oct 24, 2009 7:33:06 AM The best thing Obama could do for small business is get off his arse and push for a strong public option in the health care bill. Thousands of entrepreneurs are shackled to their dead end jobs because they don't want to lose their health insurance. Its time to unleash that pent up potential by smacking down the conservadems and whipping them into line. Posted by: Flash Override | Oct 24, 2009 7:28:35 AM Post a comment This content has passed through fivefilters.org. | |
| Obama Seeks Support For Small Business - Wall Street Journal Posted: 24 Oct 2009 06:36 AM PDT By MAYA JACKSON RANDALLWASHINGTON -- President Barack Obama, in his weekly radio address, took time out to highlight the importance of small businesses, saying too many small companies are still finding it difficult to obtain the loans they need to keep their businesses running. "While credit may be more available for large businesses, too many small-business owners are still struggling to get the credit they need," the president said in his prepared remarks. "These are the very taxpayers who stood by America's banks in a crisis--and now it's time for our banks to stand by creditworthy small businesses, and make the loans they need to open their doors, grow their operations, and create new jobs." Mr. Obama said it is time that large banks, who have already received substantial aid from the government, take the necessary steps to enable the recovery to take hold. "Our economy as a whole can't move ahead if small businesses and the middle class continue to fall behind," he said, noting that small businesses have been hit hard by the recession. Many entrepreneurs can't get the financing they need to start up their own companies and small firms have lost hundreds of thousands of jobs, he noted. Earlier this week, Mr. Obama called on Congress to increase the maximum size of various loans for small businesses. He also announced plans to make more credit available for small firms through the government bailout program, the Troubled Asset Relief Program (TARP). "The goal here is to get credit where it's needed most--to businesses that support families, sustain communities, and create the jobs that power our economy," he said. Still, some critics argue that the Obama administration's ambitious plans to rework the nation's health-care system would actually hurt small businesses. Noting that the unemployment rate is edging up toward 10%, House Minority Leader John Boehner of Ohio Friday argued in a statement that now is not the time for Democratic leaders to be focusing on "a massive government takeover of health care that will harm small businesses, impose more than $820 billion in new tax hikes and make job losses even worse." Similarly, Sen. Mike Johanns (R, Neb.) argued that Democrats' health-care plans would have a negative impact on the country. "The bottom line is this: We're nearing 10% unemployment. We have a record budget deficit, and many families are working hard just to put food on the table and to pay the bills," he said in the weekly GOP address. "Yet, there's no doubt about it. These proposals will negatively impact pocketbooks and paychecks across America." Write to Maya Jackson Randall at Maya.Jackson-Randall@dowjones.com This content has passed through fivefilters.org. | |
| Posted: 24 Oct 2009 06:22 AM PDT PRLog (Press Release) – Oct 24, 2009 – Miss Derisma and her staff at E & D Services have been attempting to put together new modules this month. In particular she has chosen to place a good area of concentration on renewable energy, and this week's upcoming agenda a concentration solar.
A solar cell (or a "photovoltaic" In general, a solar cell that includes both solar and nonsolar sources of light (such as photons from incandescent bulbs) is termed a photovoltaic cell. Fundamentally, the device needs to fulfill only two functions: photogeneration of charge carriers (electrons and holes) in a light-absorbing material, and separation of the charge carriers to a conductive contact that will transmit the electricity. This conversion is called the photovoltaic effect, and the field of research related to solar cells is known as photovoltaics. Solar cells have many applications. Historically solar cells have been used in situations where electrical power from the grid is unavailable, such as in remote area power systems, Earth orbiting satellites, consumer systems, et cetera but E & D Services is stressing with increased world population things could be different. The majority of the technology has been limited to hand held calculators (or wrist watches), remote radio-telephones and water pumping applications. With today's new press for environment awareness officials from E & D have said that this in fact changing. Solar cells are regarded as one of the key technologies towards a sustainable energy supply, and something that Miss Derisma has taken a key note at E & D Services. This content has passed through fivefilters.org. | |
| Obama Presses Banks on Small Business Loans - NewsMax.com Posted: 24 Oct 2009 05:24 AM PDT WASHINGTON President Barack Obama urged banks on Saturday to make more loans to small businesses and said his administration would do everything it can to push them to do so.
"It's time for those banks to fulfill their responsibility to help ensure a wider recovery, a more secure system, and more broadly shared prosperity," Obama said in his weekly radio address, his latest plea for banks to do more for the larger economy.
"And we're going to take every appropriate step to encourage them to meet those responsibilities."
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Insufficient capital for small businesses is weighing on the U.S. recovery from the worst recession since the Great Depression.
The administration took steps this week to foster lending to cash-strapped business owners, by offering taxpayer capital to the small banks that do much of the lending to them at a lower cost than it had previously. [nN21353645]
Obama noted that banks had benefited from the government's taxpayer-funded $700 billion financial rescue program, and said they must now return the favor.
His administration is increasingly focusing on the disconnect between the broad economy and the big financial firms of Wall Street -- where the Dow Jones industrial average recently topped the 10,000 mark after plunging in late 2008 and early 2009.
"These are the very taxpayers who stood by America's banks in a crisis -- and now it's time for our banks to stand by credit-worthy small businesses, and make the loans they need to open their doors, grow their operations, and create new jobs," he said.
With the U.S. unemployment rate nearing 10 percent, Obama is under pressure to boost job creation before midterm congressional elections next year.
"Small businesses have always been the engine of our economy -- creating 65 percent of all new jobs over the past decade and a half -- and they must be at the forefront of our recovery," Obama said.
Public approval of Obama's handling of the economy is at about 50 percent, up slightly from September. But many Americans are pressing for more effort to stimulate the economy, saying the administration's previous attempts have fallen short.
Obama also used the radio address to push healthcare reform, his top domestic policy priority, saying his plan would lower the high costs that make it difficult for small business owners to provide health insurance coverage for their employees.
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