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View Full Version : One Honored Obama Campaign Promise Could Help Slash Jobs Deficit



boutons_deux
08-12-2011, 04:19 PM
How the UCA uses its political pull to cheat small business out of federal contracts:

"98 percent of all American companies have fewer than 100 employees. Over half of all Americans work for a small business. Small businesses are the backbone of our nation's economy and we must protect this great resource. It is time to end the diversion of federal small business contracts to corporate giants."

Federal law requires a minimum of 23 percent of all federal contract dollars be awarded to legitimate small businesses. Congress defines a small business as a company that is independently owned and generally has less than 500 employees. This would exclude any publicly traded company. When Congress passed the Small Business Act in 1953, they realized the benefits of such a program. It was essentially one of the first, and to this day, one of the most effective economic stimulus programs in the history of America.

http://www.huffingtonpost.com/lloyd-chapman/one-honored-obama-campaig_b_925667.html?view=print&comm_ref=false

And Feds should investigate all "small business" contracts for fraud by UCA biggies, and terminate/replace those contracts with strictly qualified actual small businesses.