LUTZ SLAMS FILIBUSTER OF $30 BILLION FOR SMALL BUSINESS LOANS; ACCUSES REPUBLICANS OF “SABOTAGING” ECONOMY FOR POLITICAL GAIN
July 29, 2010 (San Diego’s East County) – “This is destructive…It’s sabotage,” said Ray Lutz, Democratic challenger to the 52nd Congressional seat. Lutz was reacting to Senate Republicans’ filibuster of the Small Business Lending Fund Act, which would create a $30 billion lending fund for small businesses. The bulk would be used to help community banks and credit unions start lending money again to local businesses.
Republican Congressman Duncan D. Hunter, Lutz’s opponent, voted no on the measure in the House June 17–four days after telling local business leaders that he shared their concerns over the need to help community banks and credit unions free up funds to lend to small businesses.