Nashua Town Hall
Nashua, NH - February 2, 2010
Nashua, NH - February 2, 2010
"I've got to be honest with you, there's no magic wand that makes the economic problems that were years in the making disappear overnight. And sometimes, it’s easy for politicians to exploit the anger, the pain that people are feeling right now. I have to point out, though, that some of the very same folks in Congress who opposed the Recovery Act -- and claim that it hasn’t worked -- have been all too happy to claim credit for Recovery Act projects and the jobs those projects have produced. " - Barack Obama
"The Engine of Job Growth in America" - Nashua, NH
From Jesse Lee’s Blog on the White House site, February 2, 2010
Today President Obama held a town hall meeting in Nashua, New Hampshire to discuss new initiatives and proposals to create jobs and encourage the growth of small businesses. He outlined the details of the new Small Business Lending Fund, which will be created using $30 billion from money repaid by Wall Street banks.
The fund will provide capital for community banks on Main Street to lend to small businesses that are struggling to obtain loans since bank lending standards have tightened. The fund offers incentives for banks to increase small business lending by providing better deals on capital for banks that provide more loans to creditworthy businesses. "This will help small banks do even more of what our economy needs – and that's ensure that small businesses are once again the engine of job growth in America."
President Obama also explained new tax credits that provide incentives for small businesses to hire new workers and increase wages, while eliminating all capital gains taxes on small business investments. The relief will allow people to gain capital in order to accelerate growth and the creation of jobs.
President Obama reflected on steps the administration has already taken to create jobs, including the Recovery Act that provided tax reliefs and increased unemployment benefits.
From Jesse Lee’s Blog on the White House site, February 2, 2010
Today President Obama held a town hall meeting in Nashua, New Hampshire to discuss new initiatives and proposals to create jobs and encourage the growth of small businesses. He outlined the details of the new Small Business Lending Fund, which will be created using $30 billion from money repaid by Wall Street banks.
The fund will provide capital for community banks on Main Street to lend to small businesses that are struggling to obtain loans since bank lending standards have tightened. The fund offers incentives for banks to increase small business lending by providing better deals on capital for banks that provide more loans to creditworthy businesses. "This will help small banks do even more of what our economy needs – and that's ensure that small businesses are once again the engine of job growth in America."
President Obama also explained new tax credits that provide incentives for small businesses to hire new workers and increase wages, while eliminating all capital gains taxes on small business investments. The relief will allow people to gain capital in order to accelerate growth and the creation of jobs.
President Obama reflected on steps the administration has already taken to create jobs, including the Recovery Act that provided tax reliefs and increased unemployment benefits.
Coming Events
September 7, 2010
7:00 PM - 9:00 PM
ARICA Celebration and Re-election Fundraiser for Barbara L'Italien
Join State Representative Barbara L'Italien at Amy Weinstock's home on Tuesday September 7th for both a celebration of the passing of the Autism Health Insurance Bill and a fundraiser rally in support of Representative L'Italien. For more information, please go to our Elections page.
"History suggests that unless a progressive president is able to mobilize widespread support for significant change in the country at large, it's not enough to have a congressional majority." -- Doris K. Goodwin
"I won’t rest until businesses are
hiring again, and wages are rising again, and the middle class is thriving
again, and we’ve finally got an economy that works for all Americans,
not just some Americans."
Click here for the full transcript of Mr. Obama's speech.
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Click here for the full transcript of Mr. Obama's speech.
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