January 28th, 2010
07:15 AM ET
5 years ago

Main Street frustration: 'Everything is going to banks'

Protestors at a rally in November.
Protestors at a rally in November.

NEW YORK (CNNMoney.com) – In his State of the Union speech Wednesday night, President Obama touted a slew of federal initiatives aimed at stimulating small business hiring and growth. Again.

Small companies employ around half of America's workers and drive most of the country's job growth. Obama talks frequently in his speeches about the vital role small companies play, and his administration has launched several efforts to bolster struggling Main Street businesses. But most of the president's small business proposals remain in limbo, caught in bureaucratic logjams and the Great Black Hole of Congress.

A year ago, Obama set the stage during his first major economic speech to Congress. "I will not spend a single penny for the purpose of rewarding a single Wall Street executive, but I will do whatever it takes to help the small business that can't pay its workers or the family that has saved and still can't get a mortgage," Obama said in February. "That's what this is about. It's not about helping banks; it's about helping people."

But small business owners across the nation say they feel left out of the stimulus and recovery action.

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soundoff (7 Responses)
  1. GI Joe

    We need to vote out ALL the obstructionists that are NOT working for the good of our country, but are working for the good of their party.

    January 28, 2010 11:28 am at 11:28 am |
  2. Vic of New York

    Do you REALLY want to stop corporate greed?

    Vote in a Democratic Congress!

    Because you KNOW Republicans have nothing to gain by doing that.

    January 28, 2010 11:34 am at 11:34 am |
  3. Jim - Michigan

    It is not just the banks. Money is going to unions, especially teacher unions to pay bloated contracts and to people who have made a life out of public assistance. Let's face facts here, this agenda is about a redistribution of poverty, so long as there is a middle class going to work, earning a living Obama wants to see those earning taken away and given to people who wish to live off the backs of the tax payer.

    If you do not support the socialist conversion policy then you are a radical, a racist, inhumane and generally a bad person. The truth is I am just sick of paying somebody elses way. When Obama said there is Change We Can Believe In, I did not know he was referring to what would be leftover in my paycheck after paying for new entitlements and an expanded socialist agenda. Change, yeah, that is all I have left after the government taxes me.

    January 28, 2010 11:42 am at 11:42 am |
  4. Scott, Tucson

    I guess all those campaign donations from Wall Street and big banks to obama and his fellow Democrats does work after all, to the interest of Wall Street and big banks. Money talks and buys political influence.

    January 28, 2010 11:49 am at 11:49 am |
  5. Slider

    The problem with defining people as 'greedy' is that it is a subjective judgment and doesn't take into account the difference between greed and one's self-interest.

    I don't think I want politicians, or politicos defining the word.

    I damn sure don't want our government doing so.

    I suggest a re-visiting of Adam Smith's "Wealth of Nations" provided that those who love to indict with "greed" are prepared to face that tome.

    January 28, 2010 11:50 am at 11:50 am |
  6. Torch

    the morons on this picture at a "Stop Corporate Greed" just don't get it and neither do the DEMS.

    It's not greed you idiots, it's called profit. Without it, there's nothing!!!

    These idiots are probably screaming for jobs! but they don't want to work for a "Greedy Corporation"!! "ohhh the humanity!!!"

    This is the type of electorate that swept Odummie into office. Just plain stupid and don't realize how the economy and business work.

    Please do not vote in November, do us all a favor and stay home. It's idiots like you that got us into this mess in the first place.

    January 28, 2010 12:03 pm at 12:03 pm |
  7. dude palin

    And it will keep going to the banks if we keep electing Replubs !!!

    January 28, 2010 12:04 pm at 12:04 pm |