You've added this video with the title
"Weekly Address: Working with Small Business to Drive Recovery". To change this title, or add tags or comments,
click here.
Obama says in weekly address banks should return the favor of their recent taxpayer-financed bailout by lending more money to small businesses.Click above to watch. Transcript here.
Obama: Big Banks Must Help Small Businesses In this weekend's YouTube address, President Obama talked about his administration's commitment to small businesses -- and called on large banks that have been helped by the bailout to do their part: "But...
In this weekly Youtube-Radio address discussing the economic recovery and health care reform, the President focuses on the important role small business plays and pledge more help is on the way. From the White House: "Small businesses have always been the engine of our economy – creating 65 percent of all new jobs over the past decade and a half – and they must be at the forefront of our recovery. That’s why the Recovery Act was designed to help small businesses expand and create jobs. It’s provided $5 billion worth of tax relief, as well as temporarily reducing or eliminating fees on SBA loans and guaranteeing some of these loans up to 90 percent, which has supported nearly $13 billion in new lending to more than 33,000 businesses. In addition, our health reform plan will allow small businesses to buy insurance for their employees through an insurance exchange, which may offer better coverage at lower costs – and we’ll provide tax credits for those that choose to do so" Full transcript.... var addthis_pub="thejoshuablog";
The President restates his commitment to small business as key to economic recovery -- from the Recovery Act to Financial Stability to Health Reform -- and pledges more to come.Watch It: Full Transcript Below: