Obama Proposes to Close the Small Business Administration as Predicted, According to the American Small Business League
(firmenpresse) - PETALUMA, CA -- (Marketwire) -- 10/31/12 -- The following is a statement by the American Small Business League:
Tuesday, President Obama to combine the Small Business Administration (SBA) with the Department of Commerce. The American Small Business League (ASBL) maintains this move is aimed at eliminating small business programs under the guise of saving money.
On predicting that President Obama would attempt to close the SBA by combining it with the Department of Commerce. He made the same prediction in and .
Chapman believes President Obama's latest move is prompted by pressure from lobbyists of large corporations that want 100 percent of all federal contracting dollars. The federal government has a congressionally mandated goal of awarding 23 percent of federal contract dollars to small businesses. However, because of fraud and abuse, billions of dollars in contracts earmarked for small businesses are systematically diverted to large corporations.
Since 2003, a series of have discovered billions of dollars in federal small business contracts that have been diverted to some of the largest corporations in the United States and Europe.
Some of the companies that have received federal small business contracts include Lockheed Martin, Boeing, AT&T, Raytheon, Dell, British Aerospace (BAE), Rolls-Royce, Hewlett-Packard, , and an international arms dealer owned by the Russian government named .
The ASBL is also concerned President Obama's plans will destroy several years of documented fraud and abuse of federal small business contracting programs.
"Once the SBA and the Department of Commerce are combined, 10 years of documented fraud and abuse of small business contracting programs will be a moot point," said Chapman. " tells us that small businesses create more than 90 percent of all net new jobs. Closing the only agency to service the nation's 27 million small businesses where most Americans work would be economic lunacy. If Obama wants to create jobs, he should quadruple the SBA's budget, not plan to close it by combining it with the Department of Commerce."
Brian Reeder
Communications Director
American Small Business League
(707) 789-9575
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Datum: 31.10.2012 - 07:03 Uhr
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News-ID 1165662
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