From The Washington Post -- July 30, 2010:
By Lori Montgomery
In a fresh blow to President Obama's jobs agenda, the Senate on Thursday shelved a plan to create a $30 billion loan fund for cash-strapped small businesses, delaying final passage of a top administration priority until September at the earliest.
Though Senate leaders in both parties were still working toward a compromise late Thursday, Senate Majority Leader Harry M. Reid (D-Nev.) said the Senate would not return to the bill until next week. Even if the Senate approved it, the bill would have to go back to the House, which is set to begin its August break on Friday.
The bill, which also includes $12 billion in business tax breaks and additional aid for state lending programs, has won the support of more than 100 business groups, including such traditional GOP allies as the U.S. Chamber of Commerce and the National Federation of Independent Business. Senate Minority Leader Mitch McConnell (R-Ky.) said that many Republicans also support many of the measure's provisions, which could aid a key political constituency, spur hiring and help reduce a 9.5 percent unemployment rate as lawmakers head into the November elections.
Nonetheless, the Senate failed again to advance the bill, as a united Republican caucus voted Thursday to continue to its filibuster after Reid and McConnell reached an impasse over the number of amendments that the GOP could offer.
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3 comments:
Hey---I've got an idea...It may seem really radical, but what do you say we start funding these programs with the yet to be used stimulus funds? Just a thought. I know how much you guys like to run up debt, but maybe we should try some fiscal responsibility for a change. (bet you it would pass)
Who ever said that the Cons/Rethugs are FOR the people????
Isn't this somewhere in your constitution that the government is supposed to be FOR THE PEOPLE??
The CONS/RETHUGS are just there to fight to the death for the big and wealthiest businesses in the country and therefore do not adhere and show no respect for their constitution.
What a bunch!!
When was the last time you were hired by a poor person? Last I checked it was the wealthy businesses and corporations that hired people. Oh those evil, evil, businesses! How DARE they!
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