Obama will help ensure that millions of loans of small business owners

President Barack Obama signed into law the Small Business Support. The law provides for the allocation of $ 30 billion for lending to small businesses.

According to the President, the new measures will help ensure that millions of loans of small business owners in the country and create jobs, reports Associated Press.

Note that the official U.S. unemployment rate now stands at 9.7% of the population. However, unemployment in the broad sense (eg, taking into account those people who stopped to look for work, and those who were forced to work part-time) in the U.S. are much higher and, according to some economists, more than 20%.

The law was signed by Obama after the approval of both houses of Congress. Prior to this bill for several months passed by representatives of the Republican Party, which opposed the establishment of the fund, comparing it to aid the financial sector in 2008. According to Republicans, such a move would have pushed banks to make loans to borrowers with a high degree of risk. With the assistance of two Republicans senators resistance was broken, and the bill was approved.