Political Quotes

On the recordJuly 29, 2010
We also support the LeMieux-Landrieu Amendment incorporated into the bill, which would establish a $30 billion Small Business Lending Fund. . . . As the nation's fragile economic recovery continues, households are still holding back on spending and, as a result, many restaurant operators are continuing to struggle. Expanding access to capital will help restaurant operators make necessary investments, hire and retain workers, and, in certain cases, keep their doors open. The restaurants in my State are having a particularly difficult time because they don't have capital. Now they don't have any seafood to sell. If we keep going much longer, they are not going to have any customers even if I could give them capital and seafood, because people don't think they should come to the gulf now. That is a whole other subject. Tonight, we can loosen up some of this capital through bankers that they know--they worship with them in church, they worship with them in synagogues; they know them. The bankers know them. If we can help small community banks, maybe--just maybe--and some of these credit unions-- maybe some of the money we shower on Wall Street--maybe we could give a little bit of rain out there to middle America and get this recession over.
Said by
Mary Landrieu
Democratic · Louisiana
Source
govinfo.gov
Jul 29, 2010

Editor's note · Context

The speaker discusses the need for a Small Business Lending Fund to support struggling restaurants amid economic recovery.

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