After trying its best to help the country's economy sail through one of the worst global economic crises, here's another development which will earn kudos for the US Treasury - the White House has proposed to award $30 Billion worth of loan funds, that would be aimed at helping the credit drought for small businesses come to an end.

With owners of small businesses struggling to survive in the post-recession atmosphere, they have time and again brought to the Government's notice that not being able to get their hands on required finances is curbing expansion.

Sometime back, President Obama had called small and medium sized businesses the "backbone" of economic recovery, and it is nice to see that the Government is actually taking steps to ensure that the backbone remains strong.

By making it easier for small firms to get their hands on the required loans, without any hassles, the authorities have definitely added another factor which would help the economy recover and grow faster.