Bush: "The word (sic) SBA means 'Slow Bureaucratic Paperwork"

[Bluebear]

Even when he screws up the joke his adoring public laughs and swoons....

'If you're a small business owner -- we just met today, by the way, with some small business owners in New Orleans. And one of the things that became loud and clear to me there was that because a lot of people haven't moved back into the area, and if you're a small business owner, there's no customers, so you have no cash flow, which makes it awfully difficult to survive. There are SBA loans for this. And I understand for some the word "SBA" means "slow bureaucratic paperwork." (Laughter.) I hear it loud and clear. I will tell you that SBA has put out about $470 million worth of SBA loans. In other words, the loans are going out.'

http://www.earnedmedia.org/wh01121.htm

[MsKandice01]

1. What a dumbass

My goodness, he's so fucking STUPID!!!

[Dudley_DUright]

2. Yeah, well Bush is also an SBA

Stupid Bureaucratic Asshole.

[soothsayer]

5. simpering bastard asshat

[Straight Shooter]

7. Shoulda Been Aborted. n/t

[KamaAina]

3. So now paperwork begins with A...

Okay, then, from now on, "moran" begins with W.

Meanwhile, guess why the SBA has been taking so long to "put out"? It has nothing to do with Viagra...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=364&topic_id=123662&mesg_id=123662

John Kerry issued a statement today, saying that the Bush Administration is still delaying help for Gulf Coast Small Businesses:

“Rather than another round of photo ops, the President needs to deliver real help for the Gulf Coast and make his Republican Congress pass relief for small businesses devastated by the hurricanes. At every turn to provide real assistance, this administration has chosen to turn its back. Twice the administration scuttled the bipartisan Kerry-Snowe relief for small businesses devastated by the hurricanes, even though it passed the Senate 96 to 0. Of 352,000 applications the SBA has received after Hurricane Katrina, a mere 38,000 loans have been approved. Not one dime of the $62 billion President Bush requested for hurricane relief has been earmarked for immediate small business relief. That’s hardly a ‘heck of a job.’

[knitter4democracy]

4. Idiot.

It's not that the SBA is slow because of paperwork. It's that they're underfunded. They've run out of money for already approved loans twice in the last couple of years. More than that, they're still loans--which a hard-up business can't afford to start paying off right away but money's not coming, so they get more out than they needed.

I've applied to the SBA before, and while it was a good bit of paperwork, it wasn't slow, and they were quite fair, I thought. I'm sure that, with Katrina, they're a bit slower, but the only way to get money fast in business is if you're related to it. Bush wouldn't know real business if it bit him in his big ears.

[Flying Dream Blues]

6. "SBA has put out.." "In other words, loans are going out."

You can't make this stuff up. Could he be more inarticulate?