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News from MD Senator Cardin

News from Maryland Senator Ben Cardin
Senator Cardin sends out occasional newsletters and the following, which pertains to Maryland small business, is an except from his latest letter.

“Now that the Inauguration of our 44th President has come to an end, Congress and the new Obama Administration have begun work on restoring our economy.  It won’t be an easy task.  There are so many factors that have contributed to the current economic crisis, but we all agree that our number one priority must be to enact an economic recovery package that will be targeted and timely and that will create and retain quality jobs for Americans.

Our unemployment rate is very troubling.  The December unemployment rate jumped to 7.2% — a 16-year high.  In 2008, we experienced a loss of 2.6 million jobs.  President Obama is committed to getting America moving again and has promised to create four million new jobs. I support an economic recovery package that will create new jobs and that will get money into the hands of Americans quickly. 

I also am pleased that President Obama’s economic plan will help small businesses, which are the engine that drive our economy.  In Maryland, there are more than 530,000 small businesses employing 1.1 million people, creating $16.8 billion in income annually. As a member of the Senate Committee on Small Business and Entrepreneurship, I have heard from many small business owners from across the state who are having difficulty obtaining loans during this economic downturn.   I am determined to work with the Obama Administration to ensure that credit markets start lending again and that small businesses have access to the capital they need to survive.”

It is important that business owners let their concerns and thoughts be heard by our elected representatives. We can make a difference.

To contact or learn more about Senator Cardin visit his website at: http://cardin.senate.gov/

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