Melvin Watt: “I do not understand the priorities that the Small Business Administration are using when they talk about not supporting…”

“I do not understand the priorities that the Small Business Administration are using when they talk about not supporting a loan program that has generated 360,000 jobs in the last year. How could this administration, that has lost as many jobs as it has through the almost 4 years of being in office, now be talking about doing away with a program that is a job creation mechanism? I, for the life of me, do not understand that. And the only thing I can say is, this is just not rational decision-making being made. This argument that somehow we are going to restore these funds by increasing fees on small business people who apply for the loans just makes even less sense to me. Because those are the very people who need the money without additional fees being generated and charged and assessed to them. So the priority setting here in an appropriations process tells a lot about the values of an administration and the values of an SBA. And, apparently, this SBA and this administration simply do not care about small businesses or about job creation, even though it is giving lip service to it throughout the country.”