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Dean's Sallie-Mae loans for small business

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WhoCountsTheVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:01 AM
Original message
Dean's Sallie-Mae loans for small business
Can anyone explain this to me? I am not a Dean supporter, and at first I just sort of brushed this idea off as more corporate welfare, but perhaps it has merit. Can any Dean people explain this to me? Is Dean making a serious proposal here?
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tjdee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:04 AM
Response to Original message
1. Some context would be nice!
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Eloriel Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:12 AM
Response to Original message
2. I'm guessing about what you're talking about
Has he proposed Sallie-Mae loans for sm. bs.?

He is a strong supporter of small business for 2 reasons. One, small businesses are the ones who create the most jobs. Two, "they don't move those jobs overseas."

Yes, he has talked about supporting small business, and those are his reasons. So if he now has a proposal to support them via Sallie Mae loans, it makes sense to me. I don't know if I'd consider it corporate welfare. I'm about as anti-corporation as they come, but jaysus, jobs have to come from somewhere, you know?

Eloriel
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WhoCountsTheVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:16 AM
Response to Reply #2
3. From another thread I got the impression Dean wants to set up
a Sallie Mae style system to provide start up capital to small business, in the same way Sallie Mae guarentees student loans.

It's funny, the first thing Clinton said that I liked during his inauguration speech was to get rid of Sallie Mae and just let the government loan money to students directly - the idea being if the loans are guarenteed, why should a bank get to profit from it, since they take no risk? Needless to say, Clinton did nothing about it. (I was shopping for student loans at the time so it resonated).

Still, Dean has an interesting idea here, I'd love to hear more about it.
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loyalsister Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:31 AM
Response to Reply #2
8. Also consider this...
If Dean can get his health care plan passed, it's quite possible that there will be more people starting more small businesses. They will no longer need the job they hate just for the insurance. Others can finally go to school if they want. Getting this plan passed creates opportunity in so many ways! A healthy population works and contributes more to the community than one that can't get proper health care if they need it. Helping those people start small businesses are just another way to make right what has been going wrong for a long time.
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Evil_Dewers Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:19 AM
Response to Original message
4. UMM, THIS INFIGHTING HAS TO STOP--NOW
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WhoCountsTheVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:21 AM
Response to Reply #4
5. Calm down, no one is bashing here
At least READ the posts before you freak out!
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HFishbine Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:26 AM
Response to Reply #5
6. Concurr
Seemed like a reasonable question to me. I'd like to know the answer to.
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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-03 11:26 AM
Response to Original message
7. Getting small business into the tent
now that's a good thing.
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sable302 Donating Member (597 posts) Send PM | Profile | Ignore Fri Sep-19-03 11:43 AM
Response to Original message
9. must include healhcare reform
The lack of affordable healthcare is rapidly becomming the biggest obstacle to starting and maintaining a small business. I know. I started one and almost as soon as I had to leave my healthcare plan behind, I was diagnosed with skin cancer.

Bye bye small business. The cost and worry ate up all the money and instead of adding one or two more jobs to the economy, those jobs have now disappeared including my own. No medicaid because I had made too much money in the previous year, though I sunk it all into the business. It's a real shame.




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