I thought they were building a fence…
The messiah stopped the funding for the fence.He also wants unarmed volunteers to guard the border.Yeah,he’s real wizard of great ideas for our country. :rolleyes
What bama said. Did you guys hear about the unarmed national gaurd volunteers hes sending down to the border? It costs millions of dollars (maybe 30 million, maybe 150 million, forget which). Completley ridiculous.
What is even more ridiculous is that people would head to that area of the country unarmed. With the drug wars going on right now in Mexico border towns are a war zone. On the flip side of that you can travel to other parts of Mexico for a song right now.
Here is a quote froma cnnmoney article in regards to the Recovery Act or “Stimulus” bill.
http://money.cnn.com/2009/07/02/smallbusiness/sba_small_business_lending_falls.smb/index.htm?cnn=yes
With sales slow, many business owners are looking for financing to help them weather the recession, but banks have clamped down on making the risky loans. Additional incentives from the SBA, authorized as part of February’s Recovery Act, have helped spur some increased lending but haven’t sparked a complete rebound.
Still, SBA officials point to post-stimulus lending trends as a sign that the situation is at least better than it would have otherwise been. Comparing the months before and after the February 17 stimulus signing, the SBA reports a 24% jump in the number of 7(a) loans it has backed.
“They are having an effect,” SBA spokesman Mike Stamler said of the SBA’s new incentives. On March 16, the agency implemented provisions authorized in (and retroactive to the signing of) February’s stimulus bill. The agency has suspended the fees it traditionally charges for its loan guarantees, and has increased the percentage of each loan it will back to up to 90%. If the small business defaults, the government pays the bank back for the guaranteed portion of the loan.
More than 400 lenders that hadn’t made a 7(a) loan since at least September have returned to SBA lending since the Recovery Act passed, Stamler said. Last week, the SBA hit a psychological milestone. For the first time since August, it approved more than 1,000 7(a) loans in one week.
One promising sign for borrowers seeking loans: Industry observers say they’re seeing more activity on the secondary market. Banks that make SBA-backed loans often resell bundles of those loans to other investors. That market all but froze last fall, cutting many banks off from the capital they needed to keep lending. But in recent months, secondary-market sales have picked up.
“In addition to help from higher guarantees and fee reductions, the price being paid for SBA loans in the secondary market is increasing and helping fuel increased SBA loan volume at many community banks,” said Paul G. Merski, chief economist for the Independent Community Bankers of America. “Some of our community bank members are making more SBA loans this year than last.”
Interesting article on the sub-prime modifications failure…
http://www.dickmorris.com/blog/2009/06/09/obamas-mortgage-rescue-plan-is-a-failure/
I thought there was an interesting idea at the end…
Read some of dick morris’s books,new one is catastrophe.He used to be a liberal advisor to clinton,then he got his common sense back and is on a role with his predictions.He worked alongside rahm and knows how this is gonna go down firsthand.After all rahm is the real behind the scenes developer of alot of this; that he tried during clinton years to get through.He’s dangerous,and with obama’s hypnotizing they are a real bad combo.