If only President Obama would treat America's small business owners
as well as he treats delinquent borrowers, the U.S. economy might have a
fighting chance at robust growth.
We'll have to wait until Friday to see how slowly the U.S. economy expanded in the second quarter. But today Team Obama will tell Congress about its latest proposals to spread the wealth around—specifically from private lenders to the people who owe them money on student loans. The goal is to create new ways for borrowers to avoid repayment.
Having recently forced taxpayers to underwrite a series of such measures for loans issued by the government, the White House now wants the shareholders of financial companies to suffer even more when private loans go bust.
Read more: http://online.wsj.com/article/SB10000872396390444330904577539263257191398.html?mod=rss_opinion_main
We'll have to wait until Friday to see how slowly the U.S. economy expanded in the second quarter. But today Team Obama will tell Congress about its latest proposals to spread the wealth around—specifically from private lenders to the people who owe them money on student loans. The goal is to create new ways for borrowers to avoid repayment.
Having recently forced taxpayers to underwrite a series of such measures for loans issued by the government, the White House now wants the shareholders of financial companies to suffer even more when private loans go bust.
Read more: http://online.wsj.com/article/SB10000872396390444330904577539263257191398.html?mod=rss_opinion_main
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