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Stalled Jobs Bill Killing Small-Business Hiring
By Steven Hoffer - AOL News(Aug. 31) -- As Congress sits in recess, small-business owners remain in limbo. That's the unfortunate economic news out of a Tuesday report from USA Today outlining the status of the Small Business Jobs and Credit Act of 2010, which passed the House but now sits motionless in the Senate, where it has sparked a bitter partisan tug-of-war over proposed amendments, with both Republicans and Democrats blaming the other side for failure to move forward. President Barack Obama weighed in on the issue his first day back from vacationing in Martha's Vineyard and a day trip to New Orleans. "I ask ...
Obama Gets Bad News on Unemployment, Urges Passage of Jobs Bill
By Tom Diemer - Politics DailyBefore heading off for a New England vacation Thursday, President Obama called on Senate Republicans to stop blocking a jobs bill meant to help small businesses by providing tax breaks and loans through local banks. In brief remarks to reporters outside the White House, the president said a "partisan minority" in the Senate is standing in the way of legislation that promises $30 billion in loans to Main Street businesses. Republicans have denounced the plan as a mini-bailout. But Obama said their refusal to permit the bill to even advance to a final vote is an "obstruction that defies common ...
Opinion: Financial Reforms Threaten Innovative Lending Option
By not in system - AOL News(June 17) -- Like many young entrepreneurs, Lydia Hamilton had a great idea but lacked the money to start her own business. She knew that few upscale clothing stores in Milwaukee offered fashionable dresses in plus sizes and saw an opportunity to open up her own specialty boutique. Even though she had good credit and a solid income, banks would not give her a loan. So she turned to Prosper, an online peer-to-peer lending site, where she found that a number of ordinary people, just like her, were eager to lend her the money to open Boutique Larrieux. By displaying her business plan on her ...
Obama Pressing Congress for More Aid to Small Businesses
By Tom Diemer - Politics DailyEvery politician wants to have friends on Main Street, and President Obama is no exception. He even picks guys with wholesome, engaging surnames. Obama, in remarks Friday, called on Congress to enact a package of tax breaks and loan incentives to help America's small businesses expand and hire more workers. "Small businesses have been hit hard by the recession," he said. "From the middle of 2007 to the end of 2008, small businesses lost 2.4 million jobs." With loans hard to come by, the president said, "it's been hard to finance inventories, payroll, new equipment." Standing behind him in ...
Opinion: What's Wrong With This Picture?
By not in system - AOL NewsErle Rawlins III (Nov. 23) - The dry cleaning discount sign in this store window violates a Dallas ordinance on proper window signage. When Charlie Patel decided to put a 30 percent off sign in the window of his Lakeside Cleaners business in Dallas, little did he realize he would run afoul of a city law, or that he would find himself at the center of a lawsuit that will help determine the limits of government-imposed restrictions on free speech. Patel's sign violated a Dallas ordinance, passed in June 2008, that prohibits companies from putting commercial signs in the "the upper two-thirds ...
Obama Explains 'Spread the Wealth' Comment
By Mark Impomeni - Politics DailyAt a press conference in Virginia today, Sen. Barack Obama tried to explain what he really meant when he told Joe Wurzelbacher, the now famous "Joe the Plumber," that Obama's tax plan was designed to, "spread the wealth around." Obama now says that he was not implying that he wanted to spread the wealth around when he said he wanted to "spread the wealth around." Obama says that he meant to say "spread the opportunity.""The simple point I was making was that even assuming he's at a point that he wants to buy a business that he hopes will generate more than $250,000, the point I was making was ...
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