Comes with strings attached...
Morning Bell: The President’s Permanent Political Slush Fund
February 3rd, 2010 at 9:32am
After suffering major electoral and legislative defeats last month, President Barack Obama took to the campaign trail in Nashua, New Hampshire, pitching his administration’s latest new plan to lower our nation’s double digit unemployment rate. This time, the President hopes to do for small businesses what Fannie Mae and Freddie Mac did for home mortgages. Specifically, he wants to create a new $30 billion “Small Business Lending Fund” which will loan money to banks with assets under $10 billion at favorable new rates, as long as they comply with a slew of new regulations designed to incentivize them to loan that money to small businesses... http://blog.heritage.org/2010/02/03/morning-bell-the-presidents-permanent-political-slush-fund/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell