How Anti-Banker Rhetoric Hurts Small Business

This is the result of all that talk about "Fat cat bankers" that Obama always throws around.

The source told me that the reason the program has not been officially utilized was twofold.

One, almost every potential participant declined to cooperate because they didn't want the stigma of using TARP funds given the tremendous public anger towards Wall Street and resentment about the $700 billion bailout.

Yup, they didn't want to perticipate in a TARP program to help small businesses because they didn't want the stigma (and the strings) attached to the money. This is what happens when you talk about "bank taxes" and other crap when small businesses need loans. What is also bad is that Obama wants banks to "pay back every penny" through his asinine tax even though they have already paid pack all the money with interest.

Some of these small businesses are afraid that they will end up paying a "TARP money utilization tax." I mean some small businessmen who make over $250,000 might still be hit with a tax to pay for some other guys insurance. Mark my words, this uncertainty is going to strangle the recovery for years.