Article Links:
House, With a Surprise Objection, Extends S.B.A. Stimulus Provisions
S.B.A. May Get Big Increase in Funds
Small Business Gets A Boost With War Bill
Bruce’s Response:
NYDIA SLAMS SMALL BUSINESS
Nydia Velazquez, the “mercurial chair” of the House Small Business Committee was one of only 23 Democrats to vote against a bill to reallocate $125 million of new credit for SBA loans to small businesses during the worst sustained recession in American history. Claiming that she opposes war funding, referring to the bill into which this funding gem was slipped, even though she previously voted for war funding, the Congresswoman effectively voted to screw Brooklyn, Queens and Manhattan small businesses out of SBA loans which directly support small businesses; the jobs-creation engine of our economy. Her position denies small businesses – the firms that will expand, hire new employees and stimulate local economic growth – a chance to weather the recession.
“Nydia’s unwillingness to bring home programs that will drive the economy in NY 12 and expand the base of small businesses is completely beyond understanding, Bruce Hirschfeld observed. “Was she distracted? Not paying attention? Or is she beholden to political or other special interests? How can the SBA committee chair be against funding new SBA loans? It doesn’t make any sense.”
