September 27th, 2010
02:25 PM ET

Obama signs $42 billion bill aimed to help small businesses

President Barack Obama signed into law a $42 billion bill to aid small businesses Monday, saying it would create jobs by providing tax credits and helping banks increase loans.

"It's going to cut taxes. It's going to make more loans available for small businesses. It's a great victory for America's entrepreneurs," Obama said to applause at the White House signing ceremony.

While the bill's major provisions had backing from both parties, it took months of legislative wrangling to work it out.

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Filed under: Barack Obama • Politics
soundoff (21 Responses)
  1. Numbaoneballa

    Thank you for saving our country from the brink of collapse after the 8 dark years of bush Mr President. I appreciate all you've done for us after bush nearly bankrupt and destroyed our country, thank you.

    September 27, 2010 at 2:46 pm | Report abuse |
    • termlimits

      Nov is almost here. 2012 is next. Aint life grand?

      September 28, 2010 at 7:07 am | Report abuse |
    • JakeHanes

      YES, and thank you for enriching everyone that lives off the public trough with our current and future tax dollars:

      By Les Christie, CNN staff writerSeptember 28, 2010: 11:59 AM ET
      NEW YORK (CNNMoney.com) - Washington, D.C.'s workers enjoy the highest salaries of any major U.S. city., with a median household income of $85,198.

      September 28, 2010 at 12:37 pm | Report abuse |
    • thinker

      What is he Done for All of US? Except more DEBT!

      September 28, 2010 at 12:49 pm | Report abuse |
    • Grey

      Lets do some math here. Obama in 1.7 years has added $2,841,296,825,917 to the Nation's Debt. 4/1.7=2.3529 and then 2.3529(number to get to one term)x$2,841,296,825,917(the debt he added since he became president)=$6,685,404,296,275.29 (if he keeps up his spending this will be 4 years worth of it). Bush's debt in a total time of 2 terms (8 years) is $4,899,100,310,609. Now that I've done this math for you you should realize that

      $6.68 tril. (Obama 4 years)>$4.89tril (Bush 8 years)

      Lets do more math to see where Bush was at this time. 612,387,538,826 for one year and Bush at 1.7 years in would be around $1,041,058,816,004.28 so, once again:
      (Obama 1.7 year debt) $2,841,296,825,917 > $1,041,058,816,004 (Bush's 1.7 year debt)

      So in reality 8 years of Bush equals about 3 years of Obama debt wise. He hasn't helped the economy a bit and is in fact harming it a lot more than the previous President and if he gets re-elected we will have a huge problem on our hands that we won't be able to fix. Yes we will not be able to reverse our debt after a certain period of time.

      September 28, 2010 at 10:03 pm | Report abuse |
  2. Brad Rose

    If they really want to help – dump all the new regulations and start from square 1...

    September 27, 2010 at 2:48 pm | Report abuse |
  3. Bertina

    Wasn't it the Republicans that screamed in February that tax cuts would not solve the job situation? And now it seems they want to snow the American public into thinking tax cuts will magically have rich people not saving all that money.

    September 27, 2010 at 3:34 pm | Report abuse |
    • thinker

      IF it will be No Tax Cut then we All will pay much more, except people on wellfare. How's that will help our situation?

      September 28, 2010 at 12:46 pm | Report abuse |
  4. Mudslinger

    It or He did not help me with my business! I had to close up do to the struggle. THANKS ALOT!!!

    September 27, 2010 at 4:15 pm | Report abuse |
    • MARION

      Are you grateful, now, that it will help others?

      September 27, 2010 at 6:02 pm | Report abuse |
  5. worksforme

    Way to go O

    September 27, 2010 at 6:40 pm | Report abuse |
  6. Stephyn20

    Instead of helping small businesses, why doesn't he help schools?

    Schools need more help than small businesses.

    September 27, 2010 at 7:41 pm | Report abuse |
    • termlimits

      Yea, dump some more money on these great public schools! We already spend way more than any other western country. My question is: when does the payoff for the never ending investment in the adult union employment program called public schools begin?

      September 28, 2010 at 7:13 am | Report abuse |
  7. Thompson

    Hey, that's just another 42 mil to add onto the trillions of debt, I have a small business, when we are strapped we work twice as hard, we learn to cut cost, we certainly do not wait on the goverment to hand out help! Its mine, my reward, my sacrafice, my debt.
    When we start expecting goverments to bail out every little issue we have, well....were not a country founded on a bunch of hand outs! Teach your kids to be self sufficient, let the churches do their job, and by all means stop asking for handouts!!!!

    September 27, 2010 at 8:22 pm | Report abuse |
  8. scotty

    That's just GREAT I'm stoked so why did he leave from Washington come directly to Albuquerque and not let ANYBODY know? The airport is SHUT DOWN and we have hundreds of people here that can't go anywhere 'cause AF1 decided to land unannounced...

    September 27, 2010 at 9:06 pm | Report abuse |
  9. jen

    obama thinks hes doing us a favor by giving you lip service. he hasnt done anything for this country.he just spends money that isnt his,takes trips and associates with terrorists.he actually kisses their anuses and loves it.hes so worthless and i dont believe a word he says.his time of smartmouthing republicans is over.he needs to stepdown and let a realman takeover cause he aint it.so you obama buttkissers can go straight to hell we dont want you illegal alien running nothing.go somewhere else and run your pipe dreams.take your crack smokn wife and kids with you
    ,your worthless and weak.

    September 27, 2010 at 9:59 pm | Report abuse |
    • thinker

      Very True! Good thinking.

      September 28, 2010 at 12:52 pm | Report abuse |
  10. Big Game James

    Jen, lip service is something people do when they have no facts. The bill is real and full of facts. I bet you just saw Obama's name and nearly soiled your sheet...Oooops! I mean SHEETS. Bad joke, sorry! It's funny but you probably wouldn't get it due to the brain damage from the crystal meth. Or opium. Or cocaine. Or heroin. Or one of the many other illegal substances that have been abused by all creeds and colors. Don't stereotype or name-call. Those are very real signs of weakness.

    September 27, 2010 at 10:40 pm | Report abuse |
    • termlimits

      One big fact is the bill will loan small business money that was theirs to start with. Of course we couldn't just leave the Bush tax cuts for all and let them keep THEIR money instead of loaning it back to them. Funny how BIG govt works, they think everything is theirs and they'll let you have a little back! LOL!

      September 28, 2010 at 7:20 am | Report abuse |
  11. kaye

    what a joke....eat it up suckers....like you have been all along!!.....sheep!

    September 28, 2010 at 12:11 am | Report abuse |
  12. E

    What a BS!

    September 29, 2010 at 10:12 pm | Report abuse |