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This afternoon President Obama will give his State of the Union address. He will look into the teleprompter on his left and right and read the speech that was written for him by some of the best speech writers in the world. It will be very engaging and passionate. It will be patriotic and emotional. It will also be totally inconsistent with his actions and policies of the past, present and future.
President Obama will talk about jobs and the economy. He will talk about income inequality and his new effort to address growing poverty in America. He will probably mention the importance of small businesses to the economy. He will be right. Small businesses are the undeniable engine of economic growth and job creation in America. According to the latest data from the U.S. Census Bureau, small businesses are responsible for over 90% of the net new jobs, over 50% of the gross domestic product (GDP) and over 50% of the private sector work force.
President Obama won’t mention in his State of the Union address that he tried to dismantle America’s oldest and most effective program to create jobs, stimulate the middle class economy and address income inequality and poverty: The Small Business Act of 1953.
The Small Business Act established the two largest federal programs in history to stimulate the middle class economy. First, it established the federal law that requires a minimum of 23% of all federal contracts be awarded to small businesses. Second, it established the largest federal program in history to guarantee loans for middle class Americans so they can have the opportunity to start their own businesses and create jobs in communities across the country.
The SBA administers both the 23% federal small business contracting program and the federal small business loan program. In November 2008, I predicted President Obama would try and close the SBA by combining it with the Department of Commerce. He proved me right in January of 2012 when he announced his plan to do exactly that. Several journalists agreed with me that President Obama’s plan to combine the SBA with the Department of Commerce was actually a plan to close the agency. (Forbes story)
President Obama won’t mention he proposed to resurrect Ronald Reagan’s plan to permanently close the Small Business Administration, the only agency in our government to assist small businesses. He won’t mention he took 14 months to appoint a new head of the SBA while he tried to quietly to close the agency to hide hundreds of billions of dollars in fraud during his administration. (appointment of new SBA head)
Does this sound like a conspiracy theory to you? I have learned that not all conspiracies are just theories. Let’s look at the facts:
• Every year of the Obama Administration the Small Business Administration Inspector General that was appointed by President Obama has named the diversion of federal small business contracts to corporate giants as the number one problem at the SBA. (SBA OIG Report)
• Since President Obama took office, several federal investigations and dozens of investigative reports in the mainstream media have found billions of dollars in federal small business contracts actually went to many of the largest corporations in the world. (video)
• President Obama has consistently refused to adopt any legislation or policy to stop the intentional diversion of hundreds of billions of dollars in federal small business contracts to corporate giants.
Tonight when President Obama is talking about jobs, the middle class and poverty I want all Americans to know this is the President that tried to shut down the oldest and largest federal programs in history designed to stimulate the middle class economy, create jobs, reduce income inequality and fight poverty. This is the President that every year of his Presidency has intentionally diverted billions of dollars in federal funds that, by law, should be going to the middle class, to many of the largest corporate giants in the world. This is the President that has cut the SBA budget and staff as opposed to expanding federal programs to help small businesses, minorities, women and the middle class. The SBA budget was higher 30 years ago that it is today.
I always say people need to quit listening to what President Obama says and look at what he actually does. Here is a statement he released in February 2008:
“It is time to end the diversion of federal small business contracts to corporate giants.”(link)
The latest data from the Federal Procurement Data System clearly shows, last year the Obama Administration knowingly and intentionally diverted billions of dollars in federal small business contracts to 235 Fortune 500 firms and thousands of large businesses around the world.
This is just one example of the real Barrack Obama. The real Barrack Obama is nothing like the man people will see reading his well-written speech tonight from teleprompters.