first, let me thank my colleague from Connecticut, Senator Blumenthal, for his comments. I must tell the Senator, listening to him account to the people in Connecticut, to the individuals who are struggling in this economy, I can tell the Senator we have the same exact circumstances happening in Maryland. This past weekend I was with some small business owners who were telling me their plans for opening a new restaurant and opening a new gasoline station, telling me of the struggles they are having in getting financing. There are community banks that have money, but they cannot make the loans because of the new rating system, and it is very difficult to get the capital to get the type of expansions they need today to start a new business. In my State of Maryland, the high-tech and cybersecurity areas where we have small companies that are starting up to help our country, to help our country answer the problems of cybersecurity, help our country develop the type of biotech discoveries that will make our health care system more cost effective, are having a very difficult time putting together the capital in order to be able to move forward with job creation. The Senator and I know 60 percent of our job creation will come from small businesses. We also know innovation is more likely to come from small companies that find ways to work more cost effectively.…
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