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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (280250)	3/15/2006 11:31:28 PM
From: tejek	Read Replies (1) \| Respond to of 1570913

Study: Bush Rejected More Storm Loans By FRANK BASS, Associated Press Writer The White House has rejected hurricane disaster-recovery loans at a higher rate than any other administration in the last 15 years, according to a congressional study by Democrats. The report, expected to be released Wednesday, said business and home loan approval rates averaged about 60 percent after Hurricane Andrew devastated much of south Florida in 1992. The trend continued through the rest of President George H.W. Bush's administration and into the Clinton administration, according to Democratic members of the House Small Business Committee. After Hurricane Wilma surged ashore in south Florida last year, the approval rate for low-interest, taxpayer-guaranteed loans by the Small Business Administration had dropped to barely 15 percent. Overall, Democrats said, approval rates for home and business disaster loans since 2004 have averaged about 35 percent. Well this explains at least part of the problem.........can you imagine......they are disapproving 65% to 85% of all the loans so they will have enough money to make the tax cuts permanent.