The rational from the Bush administration and financial institutions for the gigantic TARP give-a-ways to financial institutions was that they were needed to enable the financial companies to load money to business, to help the economy, and provide jobs.
http://www.economicpopulist.org/content/why-cant-guy-get-loan
Submitted by Robert Oak on Mon, 12/07/2009 - 15:39.
This guy's story typifies what is wrong with U.S. economic policy on a host of fronts.
Noel Davis wants to make wind turbines in Indiana. He wants to open up a manufacturing plant.
Sounds good right? Manufacturing, green energy, domestic production....
So, why can't this guy get a loan? From Manufacture This:
Noel explains that, in addition to waiting for a loan guarantee from the Department of Energy, he must then get funding from investors. The irony is that, at a time when credit is tight, many investors are putting scarce resources into Chinese projects, not American.
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