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Linda McMahon

Spindrift

Time Person of the Year, 2006
Spindrift
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Apr 14, 2005
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Linda McMahon, former CEO of WWE and husband of Vince McMahon, is running for the Republican nomination for Senator in Connecticut. (Motto: Minnesota elected Jesse Ventura and Al Franken, I gotta have a shot.)

Her is a quote from her press releases announcing her candidacy:
http://www.linda2010.com/press-rele...da-mcmahon-enters-gop-primary-for-u-s-senate/

Linda is a fiscal conservative who believes in America and its free market, free enterprise system. She believes government ought to incentivize job creators, and that small businesses need access to capital and credit in order to create jobs.
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First I'm glad she has distinguished herself from the other candidates by declaring her belief in America publically, that was courageous of her. One candidate thinks America might exist but doesn't think it cares about people on a day to day basis. Another candidate doesn't believe America exists until he turns 62 and needs Medicare.

But back to Mrs. McMahon. She believes in free market, free enterprise, but wants the government to incentivize job creators? If free market and free enterprise are so perfect why would job incentives be necessary?


She also goes out on a limb and states that small businesses need money to run their businesses. I hope she doesn't keep that a secret.
 
Please don't vote for her.

I don't really care about her politics, but the use of pseudo-words like "incentivize" really needs to stop.
 
Spindrift said:
But back to Mrs. McMahon. She believes in free market, free enterprise, but wants the government to incentivize job creators? If free market and free enterprise are so perfect why would job incentives be necessary?
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To get elected in New England.


She also goes out on a limb and states that small businesses need money to run their businesses. I hope she doesn't keep that a secret.
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The SBA has been pouring government money into small businesses now for.... a long time. Results are poor. The program has been a failure from day 1. Not only is what she said silly-sounding on the surface, but government attempts to offer small business loans are already there and failing.

You will never see it repealed since the spin writes itself. "Senator Doe voted to take away money from small businesses...."
 
corplinx said:
To get elected in New England.




The SBA has been pouring government money into small businesses now for.... a long time. Results are poor. The program has been a failure from day 1. Not only is what she said silly-sounding on the surface, but government attempts to offer small business loans are already there and failing.

You will never see it repealed since the spin writes itself. "Senator Doe voted to take away money from small businesses...."
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You're right the SBA has not worked out the way people think it should. But you're wrong about the SBA pouring money into small businesses. The SBA is only a facilitator and guarantor. It does not loan the money, banks do and the banks aren't loaning the money right now even with the SBA guarantee. The SBA wants to directly loan money which would streamline the process, but that would cut into the banks business and they don't want to compete with the SBA, because then they'd have to loan to small businesses.
 
Cleon said:
Please don't vote for her.

I don't really care about her politics, but the use of pseudo-words like "incentivize" really needs to stop.
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I don't have any intention of voting for someone who's attempting to buy the election. She's pouring $50 million into the campaign. I get something in the mail every other day or so and she's all over the TV and radio. Given that's she got a chance. She does have the problem with the steroids and wrestling connection, which I'm sure her opponents are saving up as the primary gets closer.
 
Spindrift said:
The SBA wants to directly loan money which would streamline the process, but that would cut into the banks business and they don't want to compete with the SBA, because then they'd have to loan to small businesses.
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Remove the profit motive from providing loans will just mean more lost money. Right now banks can "bet" more on riskier small businesses since the SBA provides a slight hedge.

In a recession environment, I would expect the SBA not lay out as much money, since banks would _avoid_ riskier loans during a slowdown.
 
corplinx said:
Remove the profit motive from providing loans will just mean more lost money. Right now banks can "bet" more on riskier small businesses since the SBA provides a slight hedge.

In a recession environment, I would expect the SBA not lay out as much money, since banks would _avoid_ riskier loans during a slowdown.
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The problem I see with this assessment is that, well it's just wrong!

First, banks are making RECORD profits on loans right now, and since they got done with bending over all the people with poor credit and got bailed out they think that now they can move on to people with good credit.

Credit card companies are/have increased their rates by often double digits to "cover the loses" they suffered for giving credit cards to my dog and any one with a pulse at the expense of people who HAVE good credit - cause those people are the only ones left who can still afford to get a credit card.

Every flipping day I hear about "mortgage rates are at a record low" Yet my mortgage on my home that I took out 9 years ago is only an 8th higher than current rates

YET - when I got that loan prime was around 3.5-4.

What's prime today? basically ZERO percent and according to Bernanki it will stay that way for a significant time. So bank are making about 5% markup which is the kind of margins they used to charge people with SUB 600 credit scores.

So they can afford to not loan as much because they are again bending over the people who need the money and our politician are tripping over each other to help them.
 
corplinx said:
To get elected in New England.




The SBA has been pouring government money into small businesses now for.... a long time. Results are poor. The program has been a failure from day 1.
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No. It actually helped until the Reagan revolution and massive subsidies to the Walton larvae and their ilk who drove the mom-and-pops into the toilet.
 
Cleon said:
the use of pseudo-words like "incentivize" really needs to stop.
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Glad I'm not the only one who felt a choking reflex reaction to this.


Even taken at face value, "incentivize" usually just means get the hell out of the way by reducing taxes, so is a misleading description. "We will encourage you to run faster and hire more people by removing 50 of the 2,000 pounds we have piled on your back. Praise us!"
 
Drudgewire said:
She's got NO CHANCE... NO CHANCE IN HELL!!
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yo-dawg-at-first-i-was-like.jpg
 
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