[Slingin Sammy 33]

Originally Posted by saden1

The biggest supporters of small business loans are Republicans...hell, they created the small business administration and it certainly can't be said that it's unhelpful. Goofballs like firstdown think money they get from the bank is actually due to their good credit when in fact it's the government basically giving these banks loan guarantees so they can lend. To top it off, people like him go full retarded and forget that the recent economic downturn basically froze the credit market and the government came in and saved the day.

I don't know how FD financed his business when he started, but when I had the pizza shop all the financing I used was private, SBA loan paperwork was a f-ing nightmare. I get the FDIC program and SBA loan programs, but again they're paid for by taxes all of us pay. I would argue that a successful small business owner pays more in taxes than most and if the choice was to slightly scale back gov't programs to keep taxes level or reduce them I'm sure 99% of small business owners would be in favo of that approach.

And as I've mentioned before, the current economic downturn was primarily sparked by long-term gov't interference in the mortage loan markets. Was the bank bailout necessary to stave off a financial meltdown....most likely.