Obama to funnel money to small business
Wednesday January 14, 2009
President-elect Obama will be inaugurated in less than a week and it looks like he's going to be a friend to small business. He put in a call to President George W. Bush on January 13 and asked that he put in a request to Congress for them to release the remaining funds from the financial bailout (TARP) so they would be available to him if he needs them, according to an article posted by Bloomberg.com. Obama wants to direct more of the TARP funds to community banks and small businesses. Obama feels that there has been too little transparency and financial oversight regarding the bailout program. Too little money has flowed into community banks and small businesses and the President-elect wants to fix that. Good news for small businesses!
Comments
I just hope that Obama does as he promised during the election and gets the economy back on its feet and helps out those of us who are struggling to keep small businesses alive. Small businesses are what will make this country grow, so the more help, the better.
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