(H/T: Instapundit, sort of) As God is my witness, I thought that Ed Morrissey was just making a joke in his blurb. A sort of distraction from the Very Bad News that the affluent have stopped spending, too (and why shouldn’t they? They’re all quite aware that the Democrats intend to raise their taxes through the roof, so best to start fiscal prudence now and have a buffer). But, no, this is actually happening:
Sam’s Club is introducing a program in which it facilitates loans for shoppers of up to $25,000, backed by the Small Business Administration.
Sam’s began testing the program in May and will soon start marketing S.B.A. loans of $5,000 to $25,000 for its members nationwide. Superior Financial Group, which is managing the loans, gives Sam’s members a $100 discount on the application fee, and lower interest rates, because of how much business it expects through the arrangement.
Mr. President? After very careful consideration, sir, I’ve come to the conclusion that your new fiscal policy sucks*.
PS: More importantly, so have you – because it would take an utter economic disaster for you to reach out to Wal-Mart for help.