Finally something positive

Obama has finally done something useful: a plan for small bus businesses -- the true backbone of the US economy. Obama plans to help free up credit for small businesses, a group that has been hit hard by the fallout of tighter credit. Otherwise, I have not really studied the effort, so their may be some unpalatable aspect embedded within -- a nod to unions that they can work their profit-killing magic?

But at least it's something. Jesus h.

Of course, here's some criticism from a WSJ article. As usual the program is geared for old battles the small-biz world and not for its more modern parts:

"The Obama administration's new plan, small-business experts say, should help companies that rely on the SBA for funds and generally qualify for bank loans. But many small businesses never apply for an SBA loan. That's particularly true for high-growth technology companies that may start out with little in the way of tangible assets to use as collateral. Those companies contend that lower taxes, incentives for hiring employees and encouraging private-equity investment are a better way to spur growth."