Published: Friday, Aug. 21 2009 12:00 a.m. MDT
Please, how can self-respecting Utahns accept government money to start a
business?!! Sure it may be helping the economy, but it is unConstitutional for
the government to help people! Shame!
The ARC Program makes a lot more sense than many other goverment programs.
First, it provides much needed relief to small businesses to repay their debt
obligations to Banks that the Federal Government (read taxpayer) has already
bailed out. In effect, the government is recycling the money it has already
given the banks. Specifically, the government gives money to small business to
repay loans to banks so the banks can repay down their TARP loans. Works for
me. I just hope the small businesses are around long enough to repay their ARC
loans to the American taxpayer and continue to provide jobs for their employees.
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