October 10th, 2008
12:45 PM ET
14 years ago

Obama unveils plan to help small businesses

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/POLITICS/10/10/campaign.wrap/art.obama.ohio.ap.jpg caption="Sen Barack Obama speaks during a rally in Chillicothe, Ohio, on Friday."]
JEFFERSON CITY, Missouri - Sen. Barack Obama on Friday unveiled a plan to help rescue small-business owners struggling to stay afloat in the sinking economy.

Obama, the Democratic presidential nominee, called for a program of loans for small businesses made through either the federal Small Business Administration's Disaster Loan Program or by private lenders. The private loans also would be guaranteed by the SBA, Obama said.

Watch: Obama blasts GOP tactics

The plan also would eliminate all capital gains taxes for small businesses and start-ups, Obama said during a rally in Chillicothe, Ohio. He said a similar program was created after the September 11 terrorist attacks.

"This is not a time for ideology. This is a time for common sense and a politics of pragmatism," Obama said. "The test of an idea must not be whether it's liberal or conservative - whether it's Republican or Democrat. The test should be whether it works for the people of Chillicothe, the people of Ohio and the American people."

Saying "it's easy to rile up a crowd by stoking anger and division," Obama also chided his Republican rival, Sen. John McCain, for running "misleading ads" and pursuing "the politics of anything goes."

Full story

Filed under: Candidate Barack Obama
soundoff (95 Responses)
  1. look deeper

    Please please people educate yourselves. I know you are unhappy, with many things... however don't let your frustrations and desperation to grab at any hope allow you to vote for a person who is just not right for our country.

    Look into ACORN
    Look into Obama reading "a post American world"
    Look into his broken promises to IL
    Look into the man PLEASE.

    October 10, 2008 02:33 pm at 2:33 pm |
  2. The Stallion & The Champ vs. The Old Mule and Winky Half-baked Alaska

    Take that McCain't/Failin' Palin! Let's see the two of you agree on one thing (other than right-wing nutjob talking points from FAUX NEWS ala Spawn Insanity or Blow O'Reilly) or come up with a plan or policy that EVERYONE can agree on including those in your own party.

    Hmm ... Didn't think you had the brain power combined between the two of you and your advisors to say anything ORIGINAL.

    October 10, 2008 02:33 pm at 2:33 pm |
  3. surprised ??????????

    the piglin ticket....it is no longer mc c ticket

    October 10, 2008 02:33 pm at 2:33 pm |
  4. Schneider (I) - CA

    Common sense politics vs fear-based rhetoric

    The choice is so clear

    Obama/Biden 2008

    October 10, 2008 02:33 pm at 2:33 pm |
  5. Tired of McCain/Palin Negativity


    Thank You for staying focus and handling this whole ordeal with dignity and with a stand hand. You sat back access the problem and is giving us ideas with can actually vision. Stay on track, we the American have your back. We the American people are so far gone believing and trusting in the Republican party until that drove this country in the ground. We will show the world we can come back stronger than evr and unite as one.

    October 10, 2008 02:34 pm at 2:34 pm |
  6. rhonimus

    This was the full story, why have the full story link when it only leads to the Palin bashing Obama story?

    October 10, 2008 02:34 pm at 2:34 pm |
  7. Denise

    Obama have a plan and McCain have a scheme. Turn in your ticket McCain for the sake of your country that you so called love. You have disrespected yourself and this country. McCain you have only put yourself first. Sit back and watch the maverick comedy show!

    October 10, 2008 02:34 pm at 2:34 pm |
  8. E.C.Coleman

    No one in this country knows the answer to "Who IS OBAMA?" HA!
    When someone finds out, he should inform Obama. Obama is so screwed up, he doesn't KNOW who he is..........except, there is a crooked political group supporting him through Illegal Contributions. Obama has no purpose, no agenda, except to make "UNWARRANTED CHANGE" and make this country as Socialist as he can. Other than that, Obama will change his mind and make any promises he can to get elected. Obama's motives are selfish and extreme and do NOT invloved "his love of this country." That, my friend, is HOGWASH!

    October 10, 2008 02:35 pm at 2:35 pm |
  9. R T G

    Why does this get less attention then the awful attack smear ads Mcnoshame is putting up? While we're in a financial crisis, Obama is showing leadership and ideas, while Mccain and Pain only can try to tear down the winning person. Talk about sore losers. This is like the 4th quarter and you're down 20 points, so instead of trying your best, you start fouling everyone out of anger, hoping you'll get beaten a little less badly. Has anyone seen how Mccain uses "Chicago Politician" in his rallies? 2 things that I get from those words, "Mafia" and "Black man" And has anyone actually seen these rallies? Not one minority in the building. That's not the America I know, nor will ever want to be a part of. That's the Divided States of America. They're so desperate, CNN you should report this IDEA, isntead of promoting these low down attacks. When the stock markets keep plunging, I don't care who knew this person or what, I care about how we're going to get out of this grave.

    October 10, 2008 02:35 pm at 2:35 pm |
  10. Brian

    This is a brilliant plan and would help America get back on its feet by showing that the federal government has confidence in the American entrepreneur.

    Obama is getting my vote and my vote is for a healthy economy.

    October 10, 2008 02:35 pm at 2:35 pm |

    Keep spreading that hate and getting your lynch mob all riled up John. We'll be over here trying to get our country back on track. Maybe taking a peek or two to see how much your campaign of fear and division helps our guy Obama out on the electoral map. Let Steve Schmidt's pitbull Palin keep on barking. Everytime she barks, we donate and organize.

    October 10, 2008 02:36 pm at 2:36 pm |
  12. ONEIl

    This is exactly what the American People wants to hear and not just some silly smear tactics. Bless you President Obama

    October 10, 2008 02:36 pm at 2:36 pm |
  13. Greed is not good

    Yes the right-wing extremist base of the GOP is frightening. McCain and especially Palin are promoting the fanatical nutjobs to take their fear-mongering and hate to a dangerous level. Palin especially needs to tone it down because she might end up causing the fanatics to conduct acts of violence.

    October 10, 2008 02:37 pm at 2:37 pm |
  14. bk

    We told you, you could not raise capitol gains taxes in a recession. Now you do a flip flop and eliminate capital gains all together on small business. Obama doesn't have a clue what he is doing.

    October 10, 2008 02:37 pm at 2:37 pm |
  15. America think for you

    I need a job I just got lay off and I am facing eviction. I cannot buy grocery and I have kids. Help!

    October 10, 2008 02:38 pm at 2:38 pm |
  16. surprised ??????????

    did anyone noticed the "plants" at the mc cain rally? they didn't even know how to disguise themselves, and the nutcracker embrace? pitiful old warmonger

    October 10, 2008 02:38 pm at 2:38 pm |
  17. rm

    I watched his rally in Ohio this morning. It was inspiring, detailed, respectful and gave me hope that this country can rebound if everyone works together. The McCain/Palin rallies look like Klan meetings. OMG – can't someone do something about them!!! Obama shows great restraint considering Palin and McCain are attempting to paint him as a terrorist with their totally racists comments. I guess McCain is too old to remember the character beating he got from Bush in 2000. My children are really interested in this campaign, but I will not allow them to watch the McCain/Palin rallies for fear they will go to school and become afraid of someone with a name that may sound funny to them. Palin is a terrible role model for her children.
    Go Obama/Biden!!!

    October 10, 2008 02:38 pm at 2:38 pm |
  18. Central Florida

    Obama offers smart, unifying policies to lift America up during these challenging times.

    Obama/Biden '08
    Hands down...

    October 10, 2008 02:38 pm at 2:38 pm |
  19. Charles

    While McCain is stomping his feat about Ayers and other distractions, Obama is actually focusing on developing solutions to our economic troubles.

    October 10, 2008 02:40 pm at 2:40 pm |
  20. Sally from Cali

    Thank you, Senator Obama.

    My comments are being moderated by CNN, so I cannot tell you how patriotic it is for you to solve problems and help the people of this country with solutions. CNN is more interested in negative discourse that keeps people arguing. They always print negative headlines or show you in an unfavorable light. The give a platform for your opponent to preview his hateful ads that are full of lies. And they "moderate" comments that do not support their agenda. They won't do a story of Palin's un-American activities like pn Salon.com.

    October 10, 2008 02:40 pm at 2:40 pm |
  21. Mccain is dumber than Bush

    Good work! I can't wait until the last debate, looks like you have some great new idea's to address!

    October 10, 2008 02:41 pm at 2:41 pm |
  22. MD

    Barack – A leader we can count on at the time of crisis. Focus, confident and ready to lead America.
    Obama/Biden 08

    October 10, 2008 02:41 pm at 2:41 pm |
  23. Douglas (Toronto)

    Now that's leadership! I hope Sen. Obama follows his proposal with a series of adds and that the media will stop focusing on trivial things.

    October 10, 2008 02:41 pm at 2:41 pm |
  24. ken

    Way to go Obama
    We count on you
    You are the only one who will get us out of this mess created by republicans

    October 10, 2008 02:42 pm at 2:42 pm |
  25. Michael

    Maybe (Propably) Sen. Obama can't/won't be able to do everything he plans on doing, but at east his proposals make some semblance of sense.

    All Sen. McCain does is attack Sen. Obama's Character.

    HUmmmm, that does sound like "Country First"

    October 10, 2008 02:43 pm at 2:43 pm |
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