{"id":33206,"date":"2009-08-14T01:01:01","date_gmt":"2011-05-19T02:05:05","guid":{"rendered":""},"modified":"2011-05-19T02:05:05","modified_gmt":"2011-05-19T02:05:05","slug":"rush_s_morning_update_boondoggle_august_17_2009","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/","title":{"rendered":"Rush\u2019s Morning Update: Boondoggle\r\n\r\nAugust 17, 2009"},"content":{"rendered":"
\n

<\/p>\n

Rush\u2019s Morning Update: Boondoggle<\/strong><\/line>August 17, 2009<\/strong><\/strong><\/line><\/line>Watch It!<\/strong> <\/strong>Download Morning Update Video in QuickTime<\/a><\/line>Listen to It!<\/strong> Windows Media Player<\/strong><\/a>|RealPlayer<\/strong><\/a> <\/line><\/p>\n

Last May, the Small Business Administration announced a new lending programto provide emergency bridge loans to small business owners. Armed with a quarter billion in Porkulus cash, Washington types gleefully predicted that the program would save jobs and keep businesses afloat. Money was designated for 10,000 loansat up to 35 grand apiece.<\/p>\n

Well, here we are,three months later. And, according to the New York Times, “the program is off to a slow start.” Only about 10 percent of the loans have been extended. Seems many banks that provide the actual lending are “reluctant to take part.”<\/p>\n

&bull;Reason one: Banks have little incentive. The underwriting requirements are so stringentthat it is more economical for banks to use their resources on larger loans,which yield more profit.<\/p>\n

&bull;Reason two: Congress set absurd terms. A small business has to be struggling,yet at the same time “viable”; it has to be on life support,but healthy. So small businesses struggling with debt– because they\u2019ve been hammered by the recession– may not be sound enough to be rescued with Porkulus funds intended to help businesses hammered by the recession.<\/p>\n

&bull;Reason three: Banks fear the government will renege on the loan guarantees,and they\u2019ll get stuck with a bunch of bad debt. Again.<\/p>\n

Yes. It\u2019s another government-sponsored boondoggle. But it makes perfect senseto Barack Obama and the Democrats in Congress– the same people who want total control of our health care industry… and you\u2019re life.<\/p>\n

*Note: Links to content outside RushLimbaugh.com usually become inactive over time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rush\u2019s Morning Update: BoondoggleAugust 17, 2009Watch It! Download Morning Update Video in QuickTimeListen to It! Windows Media Player|RealPlayer Last May, the Small Business Administration announced a new lending programto provide emergency bridge loans to small business owners. Armed with a quarter billion in Porkulus cash, Washington types gleefully predicted that the program would save jobs […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-33206","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRush's Morning Update: Boondoggle August 17, 2009 - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Rush's Morning Update: Boondoggle August 17, 2009 - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"Rush\u2019s Morning Update: BoondoggleAugust 17, 2009Watch It! Download Morning Update Video in QuickTimeListen to It! Windows Media Player|RealPlayer Last May, the Small Business Administration announced a new lending programto provide emergency bridge loans to small business owners. Armed with a quarter billion in Porkulus cash, Washington types gleefully predicted that the program would save jobs […]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"headline\":\"Rush\u2019s Morning Update: Boondoggle August 17, 2009\",\"datePublished\":\"2011-05-19T02:05:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/\"},\"wordCount\":287,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/\",\"name\":\"Rush's Morning Update: Boondoggle August 17, 2009 - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\",\"datePublished\":\"2011-05-19T02:05:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#primaryimage\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rush\u2019s Morning Update: Boondoggle August 17, 2009\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/www.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ffb56b28807580b1dc8f699308d74821a07bb92c4598a9344e8f9450d00445b3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ffb56b28807580b1dc8f699308d74821a07bb92c4598a9344e8f9450d00445b3?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rush's Morning Update: Boondoggle August 17, 2009 - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/","twitter_card":"summary_large_image","twitter_title":"Rush's Morning Update: Boondoggle August 17, 2009 - The Rush Limbaugh Show","twitter_description":"Rush\u2019s Morning Update: BoondoggleAugust 17, 2009Watch It! Download Morning Update Video in QuickTimeListen to It! Windows Media Player|RealPlayer Last May, the Small Business Administration announced a new lending programto provide emergency bridge loans to small business owners. Armed with a quarter billion in Porkulus cash, Washington types gleefully predicted that the program would save jobs […]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#article","isPartOf":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/"},"author":{"name":"admin","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"headline":"Rush\u2019s Morning Update: Boondoggle August 17, 2009","datePublished":"2011-05-19T02:05:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/"},"wordCount":287,"commentCount":0,"image":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#primaryimage"},"thumbnailUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/","url":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/","name":"Rush's Morning Update: Boondoggle August 17, 2009 - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/www.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#primaryimage"},"image":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#primaryimage"},"thumbnailUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg","datePublished":"2011-05-19T02:05:05+00:00","author":{"@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#primaryimage","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125101.Par.0002.ImageFile.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/14\/rush_s_morning_update_boondoggle_august_17_2009\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"Rush\u2019s Morning Update: Boondoggle August 17, 2009"}]},{"@type":"WebSite","@id":"https:\/\/www.rushlimbaugh.com\/#website","url":"https:\/\/www.rushlimbaugh.com\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ffb56b28807580b1dc8f699308d74821a07bb92c4598a9344e8f9450d00445b3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ffb56b28807580b1dc8f699308d74821a07bb92c4598a9344e8f9450d00445b3?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/33206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/comments?post=33206"}],"version-history":[{"count":0,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/33206\/revisions"}],"wp:attachment":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media?parent=33206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/categories?post=33206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/tags?post=33206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}