Quote of the Day
Recovery Act Quotes
And we can see the positive impacts right here at Solyndra. Less than a year ago, we were standing on what was an empty lot.But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans.
The Recovery Act is working, but it's going to continue to work. It's not over. A lot's going to happen this summer. And even after the summer, there's more to come with the act.
I don't want to go negative on Franklin Delano Roosevelt, but he didn't pass an economic deal in the first 100 days. We have passed the largest Recovery Act in the history of the country.
Democrats are going to proudly run on the fact that we turned the economy around. It was our policies under President Obama's leadership through the Recovery Act, through investing in the automobile industry.
Debbie Wasserman Schultz
We really accomplished what we set out to do with the Recovery Act programs, which was to fill the lending gap created by the crisis.
We see tremendous excitement from small-business people about the administration and about the attention and commitment that the president has to do things that really make a difference. I think they recognize that health care is one of those. I think they recognize that what we've been doing in the Recovery Act with our loan programs has mattered.
The 2009 stimulus law got the ball rolling, allowing the agency to reduce and eliminate fees and raise loan guarantees to 90 percent of the total. I knew that we had the opportunity to use S.B.A. products to fill that gap in a rapid manner, as we ended up doing in the Recovery Act.
We were able in the Recovery Act to get a program where we increased our loan guarantees to 90 percent. Because we had that program, a bank wouldn't have to take that much risk.
We've seen more reform in the last year than we've seen in decades, and we haven't spent a dime yet. It's staggering how the Recovery Act is driving change.
But if, if you take a look at what would have happened, I mean, do we need to see soup lines down the street to figure out what would have happened? We avoided - and all economists will tell you that millions of jobs were saved because of the Recovery Act, and we avoided a second Great Depression. That, that is a reality.
Share with your Friends
Everyone likes a good quote - don't forget to share.
Get Social with BrainyQuote
Quote of the Day
BQ on Facebook
BQ on Twitter
BQ on Pinterest
BQ on Google+
Art Quote Feed
Funny Quote Feed
Love Quote Feed
Nature Quote Feed