I realize it's fashionable to blame President Bush for every malady under the sun, but here's another example of Senator Splunge taking a point too far instead of just shutting up. From Inc magazine's interview with the sometime Senator:
Emphasis added. Really now, what evidence does Kerry have that the Bush administration is deliberately putting the screws on micro-loans? Or is it just the standard coda for every left-wing statement to tack on a dig at Bush? Considering that throughout much of Dubya's presidency the prime rate has been at near-historical lows - and thus credit is easier to obtain and afford - it would suggest that Kerry's response is just his typical brand of Brahman bull.
What else can the government do to foster entrepreneurship?
The most important thing is start-up facilitation. That can be in the form of capital programs, networking, mentoring, and other opportunities. Another way is through micro-lending. It's a shame to see that program under so much stress with this administration.