Unfortunately our "Rock Star" President is ignoring the current regulatory enviornment. I am a commercial banker and trust me when I tell you that the regulations have tightened significantly, making it harder for banks to make loans to even solid companies and requiring largersreserves against potential default, which strictly limits the capital that we are able to lend.
In addition, the more solid companies have enough cash to weather this storm. Loan demand from the typical A or B rated company has actually decreased. The businesses that really need to borrow are on life support and therefore present a greater risk to the bank.
If he decides to contiue the governments increased support of the SBA it might help, but even those guidelines make it difficult to help existing customers that are already struggling.
I am not a Bush supporter by any means but you asked for it America. The same person that was not qualified to be a US Senator is the same person that is nowhere near qualified to be US President.