Originally Posted by loganrbt
An interesting shift in thinking about the "bailout". Not sure how I feel about it until all details are known, but I like the fact that we're starting to move away from Wall Street and toward Main Street at least conceptually!

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/10/AR2009071003206.html

Interesting! Could it be that Obama has tricked the financial vampires into supporting the bailout package, and that now he is going to use the money to help the real economy?

In the words of the hunter in Jurassic Park:

Clever girl!

Quote
The Obama administration is developing an initiative to take money from the $700 billion program for the banking system and make it available to millions of small businesses, which officials say are essential to any economic recovery because they employ so many people, according to sources familiar with the plan.

The new effort -- which would represent a striking shift from the rescue program's original mandate -- would direct billions of bailout dollars toward a program that aims more at saving jobs than righting the financial system.

A proposal being floated by senior Treasury Department officials calls for using the bailout funds to expand an existing government program that helps small companies borrow money from banks a low rates to keep their businesses going, the source said. These "working capital" loans would come with few restrictions and could be used for buying inventory, holding onto employees and paying off short-term debt.