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July 31, 2012 02:30 AM UTC

We Hate the Government (Thanks for the Loans, Though)

  • 34 Comments
  • by: Colorado Pols

Just an absolute classic story by Eli Stokols at Fox 31, taking time to ask a few more questions and getting richly rewarded:

“We’ve got a group of business people here – including myself – who really take offense to the idea that government builds businesses,” said Dave Leinweber, the owner of Angler’s Covey, at Monday morning’s press event. “We create the jobs. We’ve doubled our work force here because of our hard work, not because of some program or anything like that. We’ve just worked hard.”

But, in an interview with FOX31 Denver, Leinweber also acknowledged that, as much as he was frustrated by government regulation, he was only able to finance his business’s expansion to a new, larger location with a loan backed by – yep, you guessed it – a government program that enabled him to get a small business loan. [Pols emphasis]

The Small Business Administration (SBA) loan enabled Angler’s Covey to leave its old 2,500 square foot home and build a new 6,500 square foot facility along Highway 24 adjacent to two casting ponds right outside its front door where customers can cast and compare rods before buying.

You really couldn’t make up a better question and answer. Nice job, again, by Mitt Romney’s campaign in vetting spokespeople, but at what point will people stop the fake rage against the evil “government” when they knowingly take advantage of government programs?

Comments

34 thoughts on “We Hate the Government (Thanks for the Loans, Though)

  1. Thanks for the SBA. Now please keep the EPA, FDA, labor department, and Dodd Frank from ruining my business. Who does this lib Stokols think he is kidding?

    Who is this supposed to convince?

    1. Just against the agencies that protect people from things like pollution that can kill you, drugs that can kill you, working conditions that can kill you. Interesting set of priorities there…

    2. Thanks for the roads and the currency and the educated work force and the clean water and the inspectors checking the food I get shipped here on the interstate highways and for those SBA loan guarantees, but by gum I built this whole dang thing myself.

      It clearly isn’t supposed to convince you. But voters who aren’t in the tank for Romney, well, they might recoil from the hypocrisy and the inept campaign management, not to mention the botched underlying message.

    3. And prescriptions.  Nanny government.  Requiring medical school for doctors.  Next you’ll try to defend requiring people who work at pharmacies to be pharmacists!  Businesses should be able to hire whomever they want.  If people don’t want their prescriptions filled by some unlicensed hack they can shop somewhere else. Unless they can’t.  But there is always online.

      What we need is some good old fashioned quacks in this town!  Now that was competition back when just anyone could hang out a shingle.  

      I’m guessing if you actually had a business, it wouldn’t be the EPA, FDA or Dodd Frank you or your investors should be worried about.  

    4. Actually, they probably would not even need an SBA loan, that competes with private lenders btw, if the regulations and requirements were gone.

      In other words, the reason a bank or institution cannot compete with the SBA is because the SBA is not subject to the same requirements that other lenders are.  The over regulation of the financial lending industry makes it too expensive to offer loans to businesses like Angler’s Covey.  

      Therefore, the SBA is a good example of government creating a niche for itself that only they can fill, because they have made it too expensive for private business to fill that need.  Cut the red tape and we wouldn’t need the SBA.  So stick that in your nasty little weed pipe and smoke it!

      1. SBA loans are underwritten through commercial banks and private lenders.  The SBA does not “compete” with private lenders — it is a guarantor of loans for private lenders.

        1. Next you’ll be saying that guaranteeing a loan to Petrobras via the Import/Export Bank requiring they purchase US goods and services is not really, as a number of GOoPers have said, ‘giving millions of taxpayer dollars to Brazil to develop their energy…’ but rather how this entity has been functioning for a decade +

        2. So you are undermining the narrative that Angler’s Covey received Gov’t money.  Good job.  Carry on.

          Now what was your point about him taking government money?  oops.

      2. Do you get my point?

        The over regulation of the financial lending industry makes it too expensive to offer loans to businesses like Angler’s Covey.  

        You have no clue, do you? When the banking debacle came, the banks CHANGED their lending standards. When so many mortgages written on stated loans went bad (not because of the structure of the loan, but because of the mendacity of many, many, people), the banks refused to lend money to anyone without “documented” income. I would explain that to you, but…

        A hint…it is usually a bad idea to post here if you don’t know what you are talking about…unless derision is something you enjoy.  

    5. No less than the former CEO of Chase who held the post during the crash has said that we shouldn’t have repealed Glass-Steagall – that Dodd-Frank isn’t enough.

      From the financial folks at The Big Picture, today: Glass-Steagall Repeal Made Crisis Worse

      What we should be discussing are the corrupting influence of crony capitalism and radical deregulation; instead, we find ourselves forced to defend capitalism and free markets. We should be finding ways to definancialize the US economy, and reduce the influence of bankers.

      Lessons we learned during the Great Depression, undone in bits and pieces over decades through the influence of the same type of greedy bastards that the legislation was designed to protect us against.  And you’re cheering them on.

      1. But keep in mind one of the reasons Dodd-Frank was not enough is that it was watered down as much as Wall St Senators like Bennet & Udall could get away with. (Yes they’re better than the alternative, but that doesn’t mean they’re not owned by Wall St.)

  2. Companies like mine don’t receive any direct government support. (I say direct because we do benefit from government infrastructure like the Internet, an educated workforce, etc.) And in my industry company owners tend to be Democrats. And the Republicans are almost all sane ones.

    It’s almost as though the more direct support a businessman receives from the government, the more right-wing conservative they get.

    1. called laziness at play here, David. One of the greatest myths amongst rightie businessmen is this thing about how hard they work. It is difficult to resist laughing in their faces when I hear them say it.

      All I have every heard them say in personal moments is how they make their money because they are smart…not because of how hard they work. They have “others” who do the hard work. They laugh and joke about it amongst themselves. I would love to see Donald Trump spend a week harvesting tobacco, or throwing chain on a rig…or picking strawberries.

      It is a lie they have been selling for a long time…passed from generation to generation by the W. Mitt Rmoneys of the world.

  3. public reservoirs, on streams below those reservoirs, catching government raised and stocked fish. I wonder what he thinks about that government interference.

      1. he could probably sell a few of those $1,000 rods, but not much regular gear to the regular folk without access to any water. I doubt that works into his business plan.

  4. SBA loans have a higher than average default rate and most real investors stay away.

    Leinweber probably overbuilt and will face serious financial pressure in the near future.

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