MSNBC Excerpt:Back in December of 2009, Rep. Paul Ryan wrote one of his rambling ideological essays about how government, congress, etc., should be embracing pro-market instead of pro-business reforms. You know ...kind'a follow his lead.
WASHINGTON — Senate Republicans blocked a bill to increase small business lending Thursday, dealing a setback to
President Barack Obama's jobs agendathe American economy.
Forbes Excerpt:Six months later, Ryan had a chance to put his small business words into action.
Subtitled: How the government is smothering dreams and stifling growth.
With risk aversion preventing small businesses from accessing capital, job losses continue to mount and the engines of economic growth continue to stall. Small firms have to file for real bankruptcy--not the bailout bankruptcy afforded to AIG, Bank of America, GM, Chrysler and others.
June, 2010 H.R.5297:Paul Ryan voted 'nay."
An act to create the Small Business Lending Fund Program to direct the Secretary of the Treasury to make capital investments in eligible institutions in order to increase the availability of credit for small businesses, to amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, and for other purposes.
June 2010 H.R.5486:Paul Ryan voted "nay."
To amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, and for other purposes.
Although both acts passed through the House, Ryan showed where he stood with his ideological rantings, his constituents and small businesses. As usual, he abandoned them all.
The congressman obviously belongs to the "hope America fails" fraternity of obstructionists in the Washington. They're keeping their fingers tightly crossed hoping that the engines of economic growth continue to stall from now and into November. They're doing all they can to make sure of it.