Absolutely. The Senator is correct. He refers to this long list, which I have read several times on the floor. It is quite lengthy. These are not liberal organizations. They are not even Democratic or Republican organizations. They are business organizations, including the American Apparel and Footwear Association, the Arkansas Community Bankers, American Bankers Association, the Marine Retailers--these are conservative-to-center organizations. This isn't the Sierra Club. These are conservative organizations that are supporting this. This is a private sector approach. It is $30 billion that will multiply to $300 billion. We have boxes of letters from small businesses saying all they have--as the Senator from Michigan knows--is the credit cards that they have to pay 16 to 20 percent on. Senator Cantwell almost choked me up when she said that one of the businesses in her State had to take out a loan at 50 percent. How do you make money when you are borrowing money at 50 percent interest? We have a program where they can walk down the street and go to their community banks and borrow not from the payday lenders but from the community bank. The Republican caucus wants to tell us this is like TARP so they can put a bumper sticker on their car for the election. The Senator from Florida is correct. There are any number of conservative organizations from all of their States that are supporting this.
Editor's note · Context
Senator Landrieu discusses support for a private sector financial program benefiting small businesses.
Share
More from Mary Landrieu
I would like to announce for the information of the Senate and the public that a hearing has been scheduled before the Committee on Energy and Natural Resources. The hearing will be held on Thursday, December 4, 2014, at 10:30 a.m. in room…
I wish to call attention to the bill itself. We talk about many bills, but we don't really debate many bills, so this has been a refreshing day on the floor of the Senate. I have not really seen a day like this in 8 years. I am encouraged…
how much time do I have remaining as a proponent who was originally given 1 hour? The PRESIDING OFFICER. Seven minutes.
With all due respect, I say to my colleagues on the other side of the aisle: let's let local law enforcement and the elected officials in city government do their job, and we should focus on ours.





