According to data compiled by OMB Watch, Medina’s medical billing company, Prudentia Inc., was granted a $50,000 federal loan guarantee shortly after she incorporated it in 2002. The loan guarantee came courtesy of a program administered by the Small Business Administration, headquartered in Washington—a program that Republicans tried to kill twice in the past 15 years. Thanks to the federal government’s loan guarantees, Medina and people like her are able to secure loans for their fledgling small businesses that banks might otherwise be reluctant to grant, or would charge a higher rate of interest on.
How did Medina qualify? The federal record describes such loan guarantees as being “for small businesses which are unable to obtain financing in the private credit marketplace.” In the terms of Ayn Rand, this makes Medina one of the “moochers” who needed to soak the “producers” to fund her business, rather than (to use Medina’s words) “having the courage” to let the business sink or swim in the free market. Apparently Medina was not ready to face her beloved free market: She stood in judgment before the Invisible Hand, got an invisible thumbs down and beelined it straight to Uncle Sam for a loan guarantee.
And yet Medina does not want to share the welfare she gets with her fellow Texans, which seems kind of unfair. Here’s what she’s promising to offer the suckers: “Get the government off their back, let them get out there and get a job, and we don’t have to worry about unemployment, that charity does not belong with the government,” she told one right-wing radio host.
But while Medina would get government off everyone else’s back, she has made a handsome profit piggybacking on the government twice over: first, with a federal loan guarantee, and, even worse, by using that government-subsidized business to soak the taxpayers of Wharton, Texas, her hometown, by obtaining lucrative city contracts.
Friday, February 26, 2010
Medina continues to disappoint...
9/11 truther Debra Medina continues to disappoint (link). Excerpt follows...
Debra Medina... phony. Read that whole expose... it is a good thing she is slipping in the polls... she is not a hero, just someone with questions about whether the government helped bring down the buildings in New York City on September 11th... start from there and it doesn't get much better.