"Thanks," many small businesspeople are saying, "but no thanks. Forget the government credits and loan programs, and just get rid of all the bureaucratic red tape and high taxes which make it hard to build businesses, hire employees and meet our payroll."
In a speech at the just-concluded G20 summit in London, President Obama urged Americans not to let their fears crimp their spending. It would be unwise, he argued, for Americans to let the fear of job loss, lack of savings, unpaid bills, credit card debt or student loans deter them from making major purchases. According to the president, 'we must spend now as an investment for the future'....instead of saving for the future, we must spend for the future.
There's only one thing different about Barack Obama when it comes to being a Democratic presidential candidate. He's half African-American. Whether that will make any difference, I don't know. I haven't heard him have a strong crackdown on economic exploitation in the ghettos. Payday loans, predatory lending, asbestos, lead. What's keeping him from doing that? Is it because he wants to talk white? He doesn't want to appear like Jesse Jackson? We'll see all that play out in the next few months and if he gets elected afterwards.
The best way for the Government to maintain its credit is to pay as it goes-not by resorting to loans, but by keeping out of debt-through an adequate income secured by a system of taxation, external or internal, or both.
"Based on a true story" is a come-on, the aesthetic equivalent of "no loan request refused." For, at best, the creator has fashioned a film based on his understanding of, interpretation of, and reduction of the report of an actual occurrence.
My life is on loan, like money borrowed from a bank. God is the lender, and He retains the right to call in the loan any time. Though I am responsible for taking care of it, I do not own this life; it is borrowed. Why should I fear its loss or the loss of anything else in this world when I must surrender it all anyway?
The computer revolution has allowed white-collar criminals to do what the Mob would have loved to do - put a pawnshop and a loan shark in every home!
If you have loans, the first thing you want to do is say, "Okay, look I have a credit card, if I really need to borrow, I have this emergency money that I can get, but for now there is no reason for me to keep cash at zero percent interest rate and at the same time, pay all of this money out. So, I think people need to figure out quickly how to pay loans and how much cash they should really keep.
Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small loans, but that's not the right strategy. The right strategy, of course, is to pay the loan with the highest interest rate. People make this mistake and it costs them lots and lots of money, it's a very expensive mistake because interest rates accumulate and become very, very expensive very quickly.
With little loan you get a friend, with big loan an enemy.
The credit card companies have put the loan sharks out of business.
What is entrepreneurship, after all? Bigness is not the issue. Poor people are the ones who take challenges every day. The guy who sells a hot dog on the street is as much an entrepreneur as anyone else. Getting his $50 loan to start could be as difficult as finding $50 million for someone else. All people are entrepreneurs.
I had to sign the paper to shut down the government. It's terrible.... [But] what the shutdown showed many, many people is the importance of the role of government. And as frustrated [as people get with] Washington, there are so many things [the government does] that are so important to people's lives every day. The panda cam, paying small businesses their loans - these are all things that shut down.
Nature has granted the use of life like a loan, without fixing any day for repayment.
For a while, you could decide when you loan the player out whether he plays against you or not, and I always decided that he could play against us. But I must say I didn't get any protection from the media because when the player I loaned out scored against us, it's 'aaahhh, look at him, stupid...'
Our life is a loan received from death with sleep as the daily interest on this loan.
What Steve Jobs and I did-and at the same time Bill Gates and Paul Allen did-we had no savings accounts, no friends that could loan us money. But we had ideas, and I wanted all my life to be a part of a revolution.
Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.
Both HUD and the Department of Justice began bringing lawsuits against mortgage bankers when a higher percentage of minority applicants than white applicants were turned down for mortgage loans. A substantial majority of both black and white mortgage loan applicants had their loans approved but a statistical difference was enough to get a bank sued.
In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes.
The U.S. was founded by a group of political leaders who signed a document which says, "We are endowed by our Creator with certain inalienable rights." That means that all of your political rights come from God and you then loan some of your power to the State which is why the Constitution begins, "We, the People of the United States.
The first chance you have to avoid a loss from a foolish loan is by refusing to make it; there is no second chance.
Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.
Everything without exception which is of value in me comes from somewhere other than myself, not as a gift but as a loan which must be ceaselessly renewed.
We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.
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