Obama Plan For $30 Billion Investment To Community Banks For Small Business Growth And Senator Judd Gregg

Senator Judd Gregg, Republican of New Hampshire, who at one point considered becoming Secretary of Commerce in the Obama Administration, has turned totally against the President, now being critical of the President’s plan to invest $30 billion of Troubled Asset Relief Program (TARP) funds in community banks, rather than the large banks, to help promote small business loans that would lead to creation of jobs and the revival of the American economy.

Since small business employs about half of all workers in the nation, and since we have a severe jobs crisis, it makes sense to invest in small business loans through local and community banks.

And yet, Judd Gregg, who used to be seen as moderate and sensible, decides to issue a cheap political attack to promote the Republican cause, forgetting that it was the Republicans who put us in this economic mess!

I say everyone should condemn Judd Gregg and call upon him to stop his ridiculous attacks on President Obama, and work with him to solve the economic crisis!

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