Obama Unveils New Initiatives to Spur Job Growth in Rural Areas

[Judi Lynn]

Source: ABC News

Obama Unveils New Initiatives to Spur Job Growth in Rural Areas
August 16, 2011 12:01 AM

~snip~
• The Small Business Administration will double the amount of investment capital funneled to rural businesses through its Small Business Investment Company program. The total capital infusion will be $350 million over the next five years, officials say.

• The administration will sponsor and host “conferences” to help connect private equity and venture capital investors with rural start-ups. And, they’ll use “marketing teams” to go out and pitch federal grant money to private investors.

• USDA will provide access to Labor Department job search tools at its 2,800 field offices nationwide.

• HHS will modify the National Health Service Corps loan repayment program to allow more than 1,300 small, rural hospitals to recruit new physicians. (The White House estimates that the addition of one new primary care physician in a rural community generates $1.5 million in annual revenue and creates 23 jobs annually.)





Read more: http://blogs.abcnews.com/politicalpunch/2011/08/obama-unveils-new-initiatives-to-spur-job-growth-in-rural-areas.html

[fasttense]

1. What good will a loan do me if may customers are declining?

I don't need loans, I need customers.

[phantom power]

15. It's just more warmed-over Reaganomics.

[noel711]

2. This has possibilities.. stay tuned..

Living near a rural area in PA, I see the effects of unemployment
and lack of social services everywhere.

This could work...

[emulatorloo]

5. I agree, despite the spin below.

[elleng]

11. Good, and thanks, and 'Ditto' emul, 'despite the spin below.'

[JDPriestly]

25. I had the impression it was mostly in the big cities.

The scope of the unemployment is much wider than I had thought.

I thought the unemployment was mostly in the cities because its the urban jobs that have been replaced by new technology. Why would jobs be hard to get in small towns and rural areas? People still buy food, and the food prices don't seem to have gone down much.

What is going on out there?

Here, white collar, sales and teaching jobs are harder and harder to find. Those are the professions that city people go into, the jobs they do.

Naturally, as a result, the lower level jobs are being lost too.

[No Elephants]

3. Conferences for investors? Marketing federal money to investors?

Who came up with this? Baines Capital?

[placton]

4. yessir!

more money to the rich, to trickle down to the poor - it's the Obama way

[ixion]

6. Sigh. So not much but some posturing and cheap money for Big Ag

great. Thanks a pantload, Obama.

[RBInMaine]

8. Take a break. You don't have to show your fringe credentials every day you know.

[ixion]

18. I'm stating my opinion

Which I'm entitled to do.

[Odin2005]

12. I was thinking the same thing.

[JJW]

7. $ 16 trillion for Wall Street

$ 350 million for Main St. That's a big F-U to Americans. He is such a corporate tool.

[primavera]

16. Hey, c'mon, why, that's a CEO's salary for a whole week you're talking about!

[bvar22]

20. That is $350 Million over FIVE YEARS.

That is less than a crumb,
and most of that meager crumb will be absorbed by the bureaucracy established to administer it.
$350 Million spread over 5 years will make no noticeable difference to anyone but those few hired to administer it.


but this will undoubtedly make The LIST.


Solidarity!
--------------------------------------------------------------------------------------------------------------------------------

[RBInMaine]

9. Typical fringe responses. The left's version of the Tea Party, right here on DU.

[bitchkitty]

10. Bite your tongue.

Teabaggers are stupid morons who get their world view from Fox News.

The people who point out that the emperor has no clothes are only being honest. They are for the most part highly intelligent individuals who have come to their opinions by observing Obama's own actions and his inaction. Their opinions don't come from a news channel, they come from their own experiences and disappointment in him.

Obama put Social Security on the table. That says it all. It is the worst thing any President could do, much less a Democratic one.

[Odin2005]

13. I grew up in a poor rural area, I know my experience that this money eventually ends up...

...in the hands of Big Ag, without really helping the average person.

[primavera]

17. So when you're magnanimously given a Band-Aid...

... to patch the dozen or so gaping bullet holes in your body, you'll struggle up from your deathbed and cheer in gratitude, right?

[sudopod]

21. Instead of getting super mad and being nasty at people

you could try to show how they are wrong for the benefit of the rest of us.

[phantom power]

14. supply side, supply side, blah blah blah....

:boring:

[Scurrilous]

19. Great news!

K & R :thumbsup:

[Poll_Blind]

22. This dude needs to get it in his head that the wars are not as important as the People.

He is so goddamned miserly when it comes to plans involving getting money and jobs into the hands of the people. $350 M over five years?

Fuck dude, when do you want the recession to end?

PB

[X_Digger]

23. HAving grown up in an economically stunted area, I see this as a good thing..

I grew up in rural southwest Virginia (Grundy). Coal country. There was no economy to speak of, outside of coal and the industries surrounding it.

They converted one of the old secondary schools into a law school. End result? There was a mini-boom of housing building for students and faculty. They repeated it, with a pharmacy school. Same result.

Now, do I expect that the benefit was spread evenly? No, probably not. But there are more service jobs in the area, and they're even getting a wal-mart (I know, that sounds terrible, but the nearest decent store was 45 minutes away.)

[GeorgeGist]

24. crumbs

[Occulus]

26. Tepid milquetoast.

Typical from the Compromiser in Chief, though.

I have so had it with Obama. He's always too little, too late... or never at all.