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American Small Business League not satisfied with Obama's small business stance

May 28, 2010

President Barack Obama has a come under fire for failing to address major concerns of small businesses, according to a new report by the American Small Business League.

The group claims that the president has failed to deliver on campaign promises he made involving small businesses. Most concerning to the League was the administration's failure to stop large corporations from receiving $100 billion a year in federal small business contracts. As far back as 2003, according to the report, more than a dozen federal investigations revealed that billions of dollars that were set aside to be used by small businesses were co-opted by major corporations such as Lockheed Martin, Boeing, Dell Computers and Xerox.

Other issues the group had with the Obama administration included the failure to restore the budget of the Small Business Administration to pre-Bush administration levels and the refusal to provide financial assistance to small business lender CIT during the summer of 2009.

The Obama administration met with small business leaders from around the country this week in honor of Small Business Week. Though not everyone is satisfied with his policies, the president has made the issue of small business a focus of his agenda in recent weeks, asking Congress to pass new legislation concerning small businesses.

Source: http://www.123print.com/News/American-Small-Business-League-not-satisfied-with-Obamas-small-business-stance-265



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