Obama Continuing Bush Anti-Small Business Policies
FOR IMMEDIATE RELEASE
April 27, 2009
Obama Continuing Bush Anti-Small Business Policies
Petaluma, Calif. – President Barack Obama has outraged small business
owners across the country by continuing Bush Administration policies
that divert federal small business contracts to Fortune 500 firms.
Since 2003, over a dozen federal investigations have been released,
which found billions of dollars in federal small business contracts
have actually wound up in the hands of some of the largest firms in
the United States and Europe.
(http://cts.vresp.com/c/?AmericanSmallBusines/d36927e227/3df3f02a0f/fedaad5b39
In 2005, the SBA’s own Office of Inspector General referred to the
diversion of federal small business contracts to corporate giants as,
“One of the most important challenges facing the Small Business
Administration and the entire Federal government today.” (
http://cts.vresp.com/c/?AmericanSmallBusines/d36927e227/3df3f02a0f/42aff84ebf
The nation’s largest newspapers have all covered the story along with
major television networks such as ABC, CBS and CNN. (ABC,
http://cts.vresp.com/c/?AmericanSmallBusines/d36927e227/3df3f02a0f/aaa83a1180
CBS,
http://cts.vresp.com/c/?AmericanSmallBusines/d36927e227/3df3f02a0f/4ffa18cdba
CNN,
http://cts.vresp.com/c/?AmericanSmallBusines/d36927e227/3df3f02a0f/359514d000/id=1170)
In February of 2008, during the Presidential campaign, President Obama
promised to end the abuses when he released the statement, “It is time
to end the diversion of federal small business contracts to corporate
giants.”
(http://cts.vresp.com/c/?AmericanSmallBusines/d36927e227/3df3f02a0f/94a85aba68
To date, President Obama has consistantly refused to propose any
policies or legislation to address the issue. President Obama refused
to include any solutions to the issue in any of his small business
rescue and stimulus plans. Since President Obama has taken office,
approximately $2 billion a week in federal small business contracts
have gone to Fortune 500 firms and thousands of other large
businesses.
(http://cts.vresp.com/c/?AmericanSmallBusines/d36927e227/3df3f02a0f/a2f7b5e478
According to the latest U.S. Census Bureau statistics 98 percent of
all U.S. firms have less than 100 employees. These firms employ over
50.4 percent of the private sector workforce and create over 97
percent of all new jobs in America. President Obama promised to create
millions of new jobs in America, but so far, the small businesses that
create the lion’s share of new jobs have not seen one dime of federal
stimulus funds under any of President Obama’s stimulus plans.
Now, in addition to being shut out of all federal stimulus funds,
small businesses are losing billions of dollars in federal small
business contracts every month. President Obama has consistently
refused to make good on his February 2008 campaign promise to stop the
flow of federal small business contracts to corporate giants.
Small business owners and advocates are disappointed and angered that
President Obama has decided to continue the Bush Administration’s
anti-small business policies. Even in the face of the highest national
unemployment statistics in 26 years, President Obama is still refusing
to make good on his most important campaign promise to America’s 27
million small businesses.
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Contact:
Christopher Gunn
Communications Director
American Small Business League
cgunn@asbl.com
(707) 789-9575

