Republicans, the party of NO, once again said NO to the American People this week when they failed to agree on a small business aid package that could inject $300 billion into the economy. The reason? You guessed it: politics.
The small-business aid bill -- a central component of what President Obama has called "Recovery Summer" -- would create a $30 billion fund designed to increase lending to small businesses, in addition to providing $12 billion in small-business tax breaks over the next decade. The government says small banks could use the fund as capital to provide $300 billion in small business loans.
The republicans blocked this bill because the Democrats would not allow any amendments to be added to it. What did the republicans want to add to the bill? They wanted to add the only thing they know how to say yes to, a provision which would have made the Bush tax cuts, which benefit only the wealthiest Americans, permanent.
They want to take the country back to the days of unfunded, deficit exploding, tax cuts for the wealthiest 1% of Americans, saying that tax cuts are the answer to the nation's unemployment problems and economic woes. Are we in a time warp here? Does the country suffer from a case of collective amnesia? We tried that in the past administration and look where it has gotten us.
http://ifiruledtheeworld.blogspot.com/2010/08/what-else-have-you-got-besides-no.html