Obama’s Small Business Rescue Plan will Fail

Posted by CNC Reporter on Feb 14th, 2010.

In President Obama’s recent State of the Union address he introduced a plan for $30 billion of TARP money to be lent to small businesses through the banking network.  This shot in the arm is exactly what small business needs to regain working capital for new investments and expansion.  Too bad the average small business will never qualify.

Here is Lynn Tilton, CEO of Patriarch Partners, a private equity firm dedicated to strengthening manufacturers, explaining why the President’s plan is more of a sound bite than a sound plan.

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