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Obama touts federal help for small businesses

WASHINGTON (AP) - President Barack Obama is promoting an idea to free up more cash for smaller businesses that are hurting in the economic downturn.

As part of a bid to sell his economic agenda and re-energize voters, Obama is traveling to politically significant New Hampshire on Tuesday to draw attention to a proposal he mentioned in his State of the Union address last week.

The president wants to funnel $30 billion to local banks so that they can help small businesses get the financing they need.

While in Nashua, N.H., Obama plans to conduct his second town hall in six days, a format that allows him to show engagement with the public and counter a sense of "remoteness," as he has put it, that people have had with his policy agenda.

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  • by steve on Feb 2, 2010 at 02:58 PM
    Well i work a a small buisness we were doing fine until you won now we are raking and scraping worst i ever seen in 15 years were i been and no it was not Bush it was you polosi and reid and i won't forget voting time so i will sit here and see if your lying [edited] will come to the rescue! you are just trying to make the usa a welfare state you need the sorry [edited] votes.
  • by Diane Location: Mt.Sterling on Feb 2, 2010 at 11:20 AM
    How is loan incentives going to help small businesses being taxed out of existance??? He spent so much time talking about "taxing the rich" in his speech. The problem is that anyone making over 75.000 dollars is considered rich. So like is said before, taxes on the wealthy NEVER are on just the wealthy. This public appearance is just to make people think he is actually doing something.


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