Petition to Save the American Dream
  • Petitioned Congress

This petition was delivered to:

Congress
President of the United States
U.S. Senate
U.S. House of Representatives

Petition to Save the American Dream

    1. Louis Hernandez, Jr.
    2. Petition by

      Louis Hernandez, Jr.

The American Dream is an often romanticized notion that has captured the world’s imagination and has come to represent the rewards of hard work, rugged individualism, intellectual pursuits and a commitment to the greater good. But the very fundamentals of the American Dream: employment, home ownership, entrepreneurship, education and financial security, are at risk.

Our local communities make this country strong.  More than 65% of net new jobs in America over the past 17 years – and most innovations – have come from small businesses.  However, when it comes to the economy or personal financial security, small businesses and Americans are not particularly positive. What is needed is an environment where we all are able to find jobs, or feel secure about the jobs we have, and where small businesses are able to access the credit necessary for growth and expansion. The key to a robust job market is growth in the small business sector. When jobs are abundant in America, consumer confidence is high, creating strong economic growth and long term stability.

More than half of small business loans stem from community banks and credit unions, meaning our community-based financial institutions provide a financial foundation for the creation of new businesses, new jobs, new opportunities and, most importantly, strong economic growth and long-term stability.

American policies have made it more challenging than ever to start and run a small business. Excessive regulations consume valuable business resources and increase costs, making American products and services more expensive. At the same time, toughened lending standards and capital constraints make it hard for community-based financial institutions to give small businesses the credit they need to grow and hire employees.

Policymakers continue to compound the death of the American Dream through the cumulative weight of regulations that lay heavy on community financial institutions, impeding banks and credit unions from helping small businesses the country over.

The road to economic recovery begins and ends with Main Street America.  Policymakers need to aid economic growth by supporting community financial institutions, not regulations that stifle them.

Sign this petition and let your Member of Congress know that you urge them to support community banks and credit unions by opposing any regulations that stifle and derail economic growth and the creation of jobs.

Take action now.  Together, let’s save the American Dream.

Recent signatures

    News

    1. 1 Law, 2 Types of Banks Doesn’t Add Up

      Louis Hernandez, Jr.
      Petition Organizer

      Dear Friends,
      I authored a guest article for American Banker titled “1 Law, 2 Types of Banks Doesn’t Add Up” discussing how banking regulations, including Dodd-Frank, have failed to aid community-based financial institutions and their role as the backbone of the American Dream. The article highlights how new banking regulations, while attempting to restore confidence in the nation’s largest banks, have made it harder for small banks and credit unions to fulfill their economic role of serving homeowners and small businesses. Policy makers need to acknowledge the different risks and business models these two classes of financial institutions face and create better laws that are appropriate for each unique sector without penalizing the other.

      The American Banker article is available online at http://savingtheamericandream.org/2012/08/31/you-cant-regulate-two-types-of-banks-with-one-law/. We encourage you to distribute the link among our shared constituents.

    2. Reached 500 signatures
    3. Rally to Save the American Dream - April 17, 6PM EST

      Louis Hernandez, Jr.
      Petition Organizer

      On April 17, we’ll be teaming up with industry leaders from all over the country to urge policy makers to support the small business job creators and the community-based institutions that fund them.

      WHAT: Saving the American Dream Rally

      WHERE: Gaylord Palms Resort & Convention Center, Orlando-Kissimmee, FL

      WHEN: Tuesday, April 17th, 6 PM EST

      CONTACT: John Bayalis, 404-210-0597 or john@allisonpr.com

      Policy makers continue to compound the death of the American Dream through the cumulative weight of regulations that lay heavy on community financial institutions, impeding banks from helping small businesses the country over. The road to economic recovery begins and ends with Main Street America through support of small businesses and community financial institutions. Policy makers need to aid economic growth by supporting community financial institutions, not by stifling them with more burdensome regulations. Help us send this message to the Orlando metro area.

    4. Reached 50 signatures

    Supporters

    Reasons for signing

    • jeff hoffstatter CHILLICOTHE, IL
      • over 1 year ago

      my kids , everyone of us are scared , if it gets worse evan a little then it is going to be lost . I am tired of government leaders setting on what is good for them and screw the people . Time has come to clean houseand put the people who know how it is to suffer . I will say the senators and reps know how to make the law cover their welfare , get tough Obama dam the Boehners how about us!!!!!

      REPORT THIS COMMENT:
    • Pamela Jorgensen APPLE VALLEY, MN
      • over 1 year ago

      I have been in the credit union industry for 35+ years. I have been a consultant for credit unions for 8 years. I am an independent operational contractor who makes a living from helping credit unions. Because of increased regulations, they cannot afford my services which I believe that they desperately need; such as risk management, compliance, and other operational functions.

      REPORT THIS COMMENT:
    • Juanna Collin SAN FRANCISCO, CA
      • about 2 years ago

      no one should be hungry

      REPORT THIS COMMENT:
    • Pam Silverman WHEATON, IL
      • about 2 years ago

      I'm a struggling entrepreneur. I'm unable to refinance my home to provide funding for my business because regulations prohibit lenders from basing credit worthiness on character and ability to pay. Because I recently started my business, I don't have income to qualify. However, I have always paid my mortgage on time and now have more than 50% equity in my home plus a stellar credit rating. The local bank that holds the mortgage tells me that before the new regulations, they would have been able to refinance to lower my rate because I was a very good credit risk.

      REPORT THIS COMMENT:
    • David Poss FOUNTAIN, CO
      • about 2 years ago

      a 35-year Community Banker, i have seen first hand the impact of ill-conceived and wrongly-directed regulatory heavy handedness

      REPORT THIS COMMENT:

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