So yesterday he says we are on the right path, and today he is shocked a small business owner can get credit?
Which one is it?
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Biden hails credit
Since practically Day One of the Obama administration, there’s been a crystal clear message: Credit lines have to loosen in order to improve the economy.
“It’s a recovery that will be measured by whether families and entrepreneurs can get the loans they need,” President Barack Obama said in 2009.”That’s why we’re freeing up credit that’s frozen with a program that supports the market for more car loans, and student loans, and small business loans; and with a plan that will partner government resources with private investment to break the logjam that is currently preventing our banks from lending money to even the most creditworthy customers.”
But in one of Vice President Joe Biden’s frequent casual moments, he joked about just how tight credit lines still are 19 months later.
At Pete’s New Haven Style Apizza for the Middle Class Task Force roundtable, the restaurant’s co-owner Joel Mehr “told Biden that he and his co-owners have two stores and are getting ready to open a third (great news for lovers of good pizza),” according to a pool report.
Biden then asked Mehr, “How in God’s name did you get credit?”
“Mehr said he went to 20 banks before finding a local one in D.C. that would give him a loan,” the pool report said.
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Link to full original article: Biden hails credit
myBlessedHope 