Study: Bush Rejected More Storm Loans

[deadparrot]

WASHINGTON - The White House has rejected hurricane disaster-recovery loans at a higher rate than any other administration in the last 15 years, according to a congressional study by Democrats.

The report, expected to be released Wednesday, said business and home loan approval rates averaged about 60 percent after Hurricane Andrew devastated much of south Florida in 1992. The trend continued through the rest of President George H.W. Bush's administration and into the Clinton administration, according to Democratic members of the House Small Business Committee.

After Hurricane Wilma surged ashore in south Florida last year, the approval rate for low-interest, taxpayer-guaranteed loans by the Small Business Administration had dropped to barely 15 percent. Overall, Democrats said, approval rates for home and business disaster loans since 2004 have averaged about 35 percent.

"This was a monumental disaster, and it requires a monumental response," said New York Rep. Nydia Velazquez (news, bio, voting record), the panel's top Democrat. "That hasn't happened. People are suffering, and it's the SBA's role to provide assistance."

http://news.yahoo.com/s/ap/20060315/ap_on_go_pr_wh/sba_hurricane_response

[AndyA]

1. Another token of love from the Bush Administration

See how they love Americans? They really do want us to all be successful, have homes, jobs, insurance, food on the table, a warm house, a full tank, etc.

See? How can you possibly argue that Bush doesn't care?

:sarcasm:

[UrbScotty]

3. And we all know Repubs are pro-life!

:sarcasm:

[CovertOP]

2. The whole

point of Katrina is to take the land of poor people who "don't show up" and then give it to the developers so they can build the new Yuppieville South.

[mom cat]

4. Welcome to DU CovertOP. ... I think that you've got it.

:hi:

[knitter4democracy]

5. SBA's underfunded, that's why. They run out of money all the time

They've actually run out of money to disburse to loans already approved. This administration says it's pro-business, but it's only pro-huge business.

[HuffleClaw]

6. not the least bit surprising

and typical bushco. 'conservative compassion'