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This is maddeningly wrong. Case in point: The US Small Business Administration approved $19b in loans to small business in 2014, or less than half what the Obam
by rrggrr 11y ago
This is maddeningly wrong. Case in point: The US Small Business Administration approved $19b in loans to small business in 2014, or less than half what the Obama Administration loaned just one company - General Motors.
This is less than 1% of the increase in US depository institution (Bank) excess reserves since 2011.
The SBA 2014 amounts are only half what the US provides in foreign aid to other countries.
It represents only .25% of the total value of QE2.
The US can only claim it is serious about economic recovery when it redirects its misguided intervention into its economy, to the sector that creates the most jobs and individual wealth - small business. Until then all the liquidity the USGOV and Fed has and continues to manufacture will be sequestered in large company balance sheets, in offshore tax havens, and on bank balance sheets typically on deposit at the Fed.
Insanity.