WHITE HOUSE (CNN) – White House Press Secretary Robert Gibbs told CNN White House correspondent Suzanne Malveaux Tuesday that the administration was planning to provide additional incentives for banks that receive TARP money to start lending more.
“We’re going to work with banks and provide incentives to ensure that the money that they get from the federal government gets lended (sic) to small businesses and families that are in desperate need of it,” Gibbs said. “The [Treasury] Secretary believes that the best way to do this is through a public-private partnership that will get that money out there as quickly as possible.”
Despite the tough talk President Obama aimed at some GOP critics of his stimulus plan Monday night, Gibbs gave a nod to bipartisanship in advance of the president’s second stimulus-themed event of the week, taking place in traditionally-Republican Fort Myers, Florida. “Democrats and Republicans, we can get something done that will help the lives of the American people,” Gibbs said.