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TARP for small business




Retail space for lease in a strip mall is advertised on October 8, 2009 in Fontana, California.
Retail space for lease in a strip mall is advertised on October 8, 2009 in Fontana, California.
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In an effort to turn around high unemployment, reports indicate that the Obama administration will use money from the TARP government bailout program to support small businesses. Under one plan, a new entity of TARP would provide money to banks without restrictions as long as it is used to support loans to small businesses. Is this a good way to increase jobs? Larry looks at the details of the plan.

Guests:

Neil Irwin, national Economy Correspondent for the Washington Post

Patrick Garofalo, economic researcher and blogger, Center for American Progress

Peter Morici, economist and professor of business, University of Maryland