Mr. President, the most important part of our jobs as Senators is to create jobs in our States. That is especially true in times such as these, when so many are reeling from so much economic pain. Right now, as I speak, the President is signing into law our small business jobs bill. As soon as he does, $15 billion in tax relief and hundreds of millions of dollars in loans will be on the way to America's small businesses, which we all know are the engines of our economy, engines that will power recovery. Every penny of that help is paid for, and it will not add a single dime to the deficit. I spoke to the Administrator of the Small Business Administration on Thursday or Friday--I don't know the exact day. She indicated to me that there were 1,000 applications for small business loans that will be completed within hours of signing that bill. The resources have simply not been there for her to do the work that is necessary. One thousand small businesses will be able to go forward on programs they have, programs dealing with retail sales, wholesaling. There will be businesses that will be exporters, importers, and any variation of small businesses that you can imagine--restaurants. This will create many jobs immediately. So I was happy when I heard that from her. I knew that was going to be the case, but I wanted to hear it from her.…
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