A new report indicates that the Obama Administration is considering extending bailout aid to large numbers of small businesses, taking the money from the $700 billion TARP program that was originally designed only for the banking system.
This is a welcome change, and will certainly add to the image that Obama is not just out to help the elite of the banking system, but the main backbone of the everyday economy–small businesses.
It is a politically smart move, hard for Republicans to criticize, and it will help to restore and revive the American economy in its greatest time of need since the Great Depression.
Hooray for Barack Obama! 🙂