Drudge Retort: Red Meat for Yellow Dogs
Friday, July 30, 2010

Senate Republicans blocked a bill to increase small business lending Thursday, a bill would create a $30 billion government fund to help community banks increase lending to small businesses along with about $12 billion in tax breaks aimed at small businesses. Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans to small businesses, helping to loosen tight credit markets.

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Once upon a time the GOP considered itself the Party of small business. Now it is just the Party of anger, resentment and NO. How times have changed...

It wouldn't work. As long as Obama's deficits give banks a 4.5% profit spread just by buying government bonds, they will.

Nothing this administration is doing is working. Hundreds of billions thrown at mortgage modification, only to see three fourths of the re-worked mortgages fall back into foreclosure. A stimulus that doesn't stimulate. Hiring bills that result in no new hiring. A Recovery Summer without a recovery. Does O really believe that banks don't know they're in the business of lending money?

But if you're a banker, why lend to small business, when you can borrow from the discount window at zero, lever up 10 times, buy Treasury bills, and book record profits?

If Zero can pound the deficits down, banks will have no choice but to lend elsewhere. This isn't complicated.

All these comments from you are ridiculous considering you were so pro-government borrowing when W was in office.

Good for the Republicans. The list of amendments make me wonder how anything gets done in DC.

H.R. 5297: Small Business Jobs and Credit Act of 2010
Amendments
www.govtrack.us

The more information average Americans have about the bitter cynicism of the GOP, the less likely that the Dems will lose either house of Congress come November. The GOP, with it's Teabagger cheerleaders, are snatching defeat out of the jaws of victory.

All these comments from you are ridiculous considering you were so pro-government borrowing when W was in office.

#3 | Posted by AMERICANUNITY at 2010-07-29 02:55 PM | Reply | Flag: Nothing to say on the subject so attacks the poster; hey look, I'm doing it too.

#5 | Posted by moder8

The more people see you Democrats for the power hungry, over spending jerks, pissing all over our constitution on a regular basis the quicker we can kick your ass's out in the street.

Oh. Well, why not call this legislation what it is? More taxpayer money going to banks?

Bitter cynicism of the GOP. As cynical as I am, I can't keep up.

"The vote was 58 to 42, with all 41 Republicans voting to continue the filibuster. Reid, D-Nev., also voted to continue the filibuster, but only as a procedural step that allows him to call up the bill again.

Much of the bill had bipartisan support, but Senate Republican leader Mitch McConnell of Kentucky said Democrats were blocking GOP amendments."

Well this certainly explains why but the headline doesn't quite match. Figures!

It's not like the banks were going to actually lend the money anyway. At least not to us white males.

Just like student loans.

The govt should direct lend to the small biz.

They are the only key to real recovery.

The govt fucks up the banks with a bunch of new regulations... basically putting their finger into the pie and giving them all a swirly... And the banks have to go back and figure out, again, how to comply with the new stupidity.

Then the feds fuck with the banks again, with more regulations dealing with mortgages... that also doesn't work and causes huge new problems... basically another swirly.... and it is back to the drawing board again.

and on and on... and now the dr lefties are bitching cause the next govt fuck-up of banks didn't pass.

The best way to get banks to loan money is if congress agreed to take the next year or two off. Get the fuck out of the way and leave them alone. Once the govt stops fucking with things, the banks will figure out how to make money in the current climate, and loans will once again happen. Until that happens, no recovery.

Did any of you ever have a boss that was full of shit, always looking over your shoulder to 'see if you were doing things right', even thought they had NO CLUE how to do your job?

Did this boss constantly change what they wanted you to do... moved the goal posts, added new directions or otherwise meddled with you while you were trying to do your job?

If so, you should be able to understand what the banks are dealing with. And the feds are the boss: full of shit, stupid and in the way.

#12. You learned nothing.

Yav, what are you saying? That they don't really WANT a recovery or that I do not understand the problems that banks are having to deal with?

Most Americans won't know too much about the Republicans' filibuster of this bill but they are beginning to get it that the Rethugs are certainly not willing to do anything to help create more jobs. If you ask most people who is the "Party of No" they know who you mean. They know why they are called that. I think they will reflect that knowledge in their votes in November. Gingrich thought shutting down the government would pay off for Republicans, he was wrong, Boehner and McConnell are wrong this time too and the Democrats will benefit.
Thank you GNOPers.

yawn....

It's not like the banks were going to actually lend the money anyway. At least not to us white males.

#10 | POSTED BY MYSTERYTOY AT 2010-07-29 09:50 PM | REPLY | FLAG:

Awww, did the Arby's lose out on a loan for your new deep fryer?


It's not like the banks were going to actually lend the money anyway. At least not to us white males.

#10 | POSTED BY MYSTERYTOY

Dude, make your wife the CEO and be a minority business. Really it's not that tough of a concept. Or do like my employer now does and don't have anything to do with the government. (other than pay and pay and pay)

#11 was the only inteligent post so far.

they are beginning to get it that the Rethugs are certainly not willing to do anything to help create more jobs.

Hope most of them are beginning to realize that demo-rats are only good at picking over the bones of a once striving economy. The demo-rats have done everything they could over the last 60 years of control to kill this country. If the people don't wake up soon, it may be too late.

Let's start with a basic misconception that all lefties suffer with. That govt creates jobs. BULLSHIT. The do nothing but drain the system. They are a parasite. And like any parasite, when they grow too large, they kill the host.

If you ask most people who is the "Party of No" they know who you mean.

Great. As long as they are saying NO to things that will destroy this country, we might still have a chance. Small chance, but maybe.

Let's try this. Lets pretend you have a job... own a business and make something, like widgets.

If the govt takes 20% of your income as a tax - you can hire fewer people, make fewer products, and be less successful.

This govt thinks it can create jobs by stealing from the people who have a job and using it as a gift to those who don't work. But this is a LIE. If the business has the money, they will create jobs. When they don't have the money, they don't create jobs. And the more the govt sucks out of the market, the less jobs there are.

Now, this same govt, in their infinite stupidity, wants to force the banks to loan you money to hire more people. But if you hire more people, they take MORE of your income, and you have to repay a loan. Unlike this govt, businesses are smart enough to know they can't run at a loss forever.

Deficit spending IN A CRISIS might make some sense - like using a credit card for an emergency. But day after day, it is killing this country. Bush made horrible choices with medicare part D (whatever that buy old people's votes thing is called), and with 2 wars. The dems made HORRIBLE choices with the Freddie / Fannie butt-fucking the American people have gotten (and will continue to get), and with everything Obummer has done to scramble businesses, fuck with banks, etc.

Destroy the economy, the Demowussies, and Obama on the theory that it will enhance your political appeal. Now that's a strategy that a hillbilly can sink their teeth into. Made in America. Stupid as fuck.

Most businesses don't want a bail-out or government interference.

Most responsible members of government don't want to spend money they don't have.

The Republicans were simply part of the bipartisan opposition to the bill. If the Democrats wanted it so badly, all they needed to do was vote for it.

Money is tight enough for businesses. All we need is more "loans" attached to a laundry list of stupid Dtard requirements and qualifications.

Dinsey-
re: Most responsible members of government don't want to spend money they don't have.

The more explicit Dinsey:

Except for tax cuts for the wealthiest. We don't have to pay for that. The lesser 99%, fuck you!

These cocksuckers are in it for nobody BUT themselves. They aren't even pro business anymore.

Amendments issues make for headlines. Dig a bit deeper.

The more people see you Democrats for the power hungry, over spending jerks, pissing all over our constitution on a regular basis the quicker we can kick your ass's out in the street.

#7 | POSTED BY PANEOCON

Well it beats being a sycophantic, cock-sucking, hypocrite that speaks with forked tongue.

You motherfuckers can't even be pro business anymore. Its all about fucking over Barry but you fuck yourself over in the process. You assholes need to castrated and euthanized.

Hey LEGIO
The largest growing business in the United States is Federal,State and Local government. So in order for us to survive we have to export more than we import. So how do you export government? Well see Romans did it and the English did it. They both at one time governed half the world. So since Barry is only spending our money on keeping the U.S government going, what do you suggest we do? Start taking over other Countries or cut the size government? Until we solve this no good business is going to spend a dime.

Federalist-
Well, it'd be cool if we could travel back in time and invade and occupy a couple of countries in the ME to spread freedom, then Obama's job would be MUCH easier, don't ya' think?

behind the bullshit i'm sure that the real reason the republicans don't like it is that they aren't getting bribed too.

just like the democrats when bush was in office.

Shawn-
Yes, I've read your posts. You position is always 'I like to whine about the game being rigged and so can't trouble myself with the particular issue at hand'. It's the stance of a petulant child, fists clenched, but in an adult it's less than becoming. I'm sure it wins you points for being disaffected and edgy among the tweener set.

All these comments from you are ridiculous considering you were so pro-government borrowing when W was in office.

#3 | Posted by AMERICANUNITY at 2010-07-29 02:55 PM | Reply | Flag:

You say this shit constantly, like it's some magic charm to shut up people you cannot argue with.

So prove it.

Show us posts where RIR, or any other Conservative, praised massive government debt under Bush.

Seriously, I'd like to see it, because I don't remember anybody saying that huge debt under Bush was a GOOD thing. I would have remembered something like that. Since you obviously do remember, show the rest of us.

Otherwise STFU, and dream up another idiotic post you can regurgitate a hundred times.

AU! quick! say something about Taiwan!

Vernon-
re: Show us posts where RIR, or any other Conservative, praised massive government debt under Bush.

Mostly they just ignored it, but now that very debt is the end of the republic....

..and on top of that, tax cuts for the wealthy were always good, wars were always good, and paying for them was some kind of commie talk...

Solution: Don't give loans to small businessmen if they are republicans. Everybody wins.

hmmm, that's a really cool scam - -

a) gvt to raise small business taxes in January . . .

b) gvt to then lend selected small business' money to pay that tax increase . . .

on a related note, I can find NO prohibition in the US Constitution for 'exhiling' ex-politicians

Every current and past politician needs a .45 ACP lobotomy.

Every current and past politician needs a .45 ACP lobotomy.

Starting with Ron & Rand Paul ,Right librarian.

Ut Oh Bubye 1Libertarium

Ut Oh Bubye 1Libertarian

VERNON

RIGHTISRIGHT sang an entirely different tune when Bush was President. Too many posts to mention, but here are some highlights from RIGHTISRIGHT pre-Obama:

Because it's more efficient to borrow the money at 4.1% for ten years, than to present a tax bill on the productive economy.

Posted by rightisright at 2007-08-17 11:05 AM

- Wall Street meltdown (the Dow ended up in the 6000's later):

"Somebody needs to relax. The Dow is still over 10,000--11,000, in fact-- and the economy isn't even in recession--let alone "Armageddon"

Posted by rightisright at 2008-09-22 12:16 AM

www.drudge.com

www.drudge.com

www.drudge.com

www.drudge.com

www.drudge.com

www.drudge.com

I'm ambivalent about the bailout. Suits me fine to have people who borrowed for too much house thrown out of their homes, and the mortgage companies go under. No difference to me, and everyone learns a lesson.
(RiR walked away from his mortgage)

You make the common mistake of believing that tax-and-spend is preferable to borrow-and-spend. Usually it isn't, and it especially isn't now, when 10-year borrowing rates are at 4.2%


This post could be 10' long, but suffice it to say RiR sang an entirely different song when Bush was President.

VERNON

There are pages and pages of RiR remarks during Bush's Presidency completely at odds with what he posts now. I just typed in "Debt GDP Posted by RightIsRight" and pages of results popped up. Didn't take but a few minutes to find the handful I posted.

The most personally hypocritical are his comments about homeowners/mortgage companies since he admittedly walked away from his own mortgage.

Take his comments about the Wall Street meltdown and bailouts when they happened - which had already cost a trillion and then added another trillion plus to the debt - debt which now is suddenly Obama's fault, or 'borrow and spend is preferable to tax and spend'.

Gee, how does he think we GOT in all this debt? Easy answer: "borrow and spend" instead of "tax and spend" as all governments do.

Bush nearly doubled the budget, slashed taxes, and created the largest debt and systemic deficits in the history of the world. That was all fine with RiR when Bush was President. We'd 'grow our way out of it' and borrow at low interest rates, right?

Since Obama's election, he and other right wingers have changed their tunes faster than Bush disappeared from public sight.

(RightIsRight comments pre-Obama in italics)":

"But the question to ask regarding deficits is how is the money being spent in the first place? If a candidate says he wants to double the size of the interstate highway system--which they should do--they should borrow all the money to make it happen."

and

Surplus budgets are only a good idea if they're used in productive ways--cutting taxes, or expanding the net worth of the country, such as by building out infrastructure, new energy sources, things like that. Paying off 4% debt would be a lousy use of the money

Yet, the Stimulus Bill - which was tax cuts and building roads, bridges, water systems has been something RiR has blown his top about while he whines incessantly - NOW - about deficit spending. It was all good when Bush was President.

Paying off the debt would have been a better use of surpluses. It's what citizens are advised to do. But, in RiR's world, it was OK to borrow for tax cuts, but NOT okay to use Stimulus funds to build roads and bridges or, (GASP!) give TAX CUTS to Americans in a deep recession.

By the way, I'm sometimes amused to hear about the emergency that's coming from federal debt.

Yet, now the sky is falling because a Dem is in the WH.

Right wing hypocrisy has been abundant since Obama's election.

Just so the rest of you know, I never walked away from my mortgage. Ever. I have, however, encouraged other people to do so, who simply couldn't pay it.

Yes, I've posted before that the United States Treasury is completely correct to borrow large sums of money for capital improvements and long-term projects, and that would be true whether a Republican is president or a Democrat.

AU is a not merely your typical lying liberal douchebag--He's as hypocritical as they come, and accuses other posters of being a traitor and a POS, even though they're things he himself does. He's just a despicable person. If he wants to follow me around all day, it's his pathetic life.

RiR = Totally Busted

Counter my facts, then. You can't. Why? Because they're 'factual'.

Bush and Co nearly doubled the size of government, slashed taxes, gutted regulations. Well, Mr. Financial Genius, that leads to (GASP!) debt and deficits - which you now whine about incessantly and blame on Obama, who had nothing to do with creating this mess.

One year, days after the Wall Street collapse you say you're fine with bailouts. The next, you're blaming Obama for TARP. One year you claim government borrowing for infrastructure is a good thing. Obama passes a needed Stimulus Bill to save the economy with hundreds of billions going to infrastructure and suddenly it's a horrible thing. You claim tax cuts are a good thing, yet the Stimulus provided 1/3 of that amount to tax cuts.

You've turned into a complete idiot since Obama was elected. You had an answer for everything when Bush was President, but now, it's as though he was never in office or the GOP didn't do 180 degrees the opposite of everything they ever said they stood for publicly.

You used to claim government borrowing was a good thing. Now that we're living with the inherited results of that policy you whine about it like a baby every chance you get.

I'm happy to point that out whenever you do. Your assertions these days are ludicrous when compared to the RiR of the Bush years.

I never thought tax cuts and unfunded spending increases were a good thing.

The obvious hypocrite is YOU, RightIsRight. I could come up with a hundred other examples of your posts Bush WH vs today.

Obama didn't cause this mess, and I'm sick of you constantly blaming him for it. You supported GOP policies lock, stock, and barrel.

At least be man enough to admit you were wrong instead of sounding like a complete hypocrite day after day.

You are wrong. Investors bought my mortgage from a defunct bank, and paid me to leave. I was fortunate to have had a mortgage from a bank that wasn't considered so integral to the economy that Timmy propped it up using my own money, again.

RightIsRight

Gee, could that bank have become defunct from handing out subprime mortgages, which you claimed were a small part of the problem when Bush was in office? Investors wouldn't have 'paid' you to leave if you'd been current on your mortgage. They'd have been happy to keep you there paying your mortgage making a return on their investment instead of them having to attempt to sell your house in a bad market.

It's no secret you advise people to walk away from their mortgages.

BTW, to refresh your amazingly bad memory, the bailouts were Bush/Paulson. You have SUCH a short memory!!

I'm ambivalent about the bailout. Suits me fine to have people who borrowed for too much house thrown out of their homes, and the mortgage companies go under. No difference to me, and everyone learns a lesson.

RightIsRight - Sept. 2009

You sure haven't been "ambivalent" about the bank bailouts since Obama's election, have you? Even going so far as to NOW assert these are "Timmy's" (Obama's) bailouts. Just as you've asserted the debt and deficits and economy are all somehow, magically Obama's fault.

I'm a nice person. This has nothing to do with being a 'jerk'. Your hypocritical rants against Obama/Dems and forgetfulness of what YOU stood for when Bush occupied the WH vs the past 18 months has been staggering in it's scope.

You had an answer for every Bush/GOP policy that got us into this mess until Obama occupied the WH.

Correction to last post: September 2008

you can regurgitate a hundred times
#31 | Posted by vernon

...and still not even come close to matching Vermin's record. Check it out. Guinness Book of World Records, under "R" for "repeated regurgitation (senior citizen division)."

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