{"id":5938,"date":"2011-09-25T00:04:16","date_gmt":"2011-09-25T07:04:16","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=5938"},"modified":"2011-09-25T00:04:16","modified_gmt":"2011-09-25T07:04:16","slug":"huge-corporations-are-not-small-businesses","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/09\/25\/huge-corporations-are-not-small-businesses\/","title":{"rendered":"Huge corporations are not small businesses"},"content":{"rendered":"

Republicans keep saying that small businesses are the job creators.   That\u2019s actually true, but the problem is that when Republicans say small business, they mean Koch Industries. General Electric, BP, Goldman Sachs, Microsoft, etc.  To make matters worse, Republicans have blocked fixing a loophole in years past that diverts contracts intended for small business to huge corporations, who outsource the jobs that should be created here, costing Main Street America millions of  jobs and $billions in economic activity.<\/font><\/p>\n

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\"25corporate_flag\"<\/p>\n

The indications that we are heading toward another recession are crystal clear. Markets are plunging, unemployment is soaring and investors, businesses and the general public are losing faith in Washington’s ability to stimulate the economy. However, a bill aimed at directing federal infrastructure spending to the middle class<\/strong> could change everything. <\/p>\n

The Fairness and Transparency in Contracting Act<\/strong> is a very simple bill that will close loopholes and end fraud and abuse in federal small business contracting programs. The legislation focuses on ending the diversion of federal small business contracts to large businesses, a problem preventing the creation of upwards of 1.8 million new jobs<\/strong>. Specifically, the bill targets ambiguous provisions within the Small Business Act of 1953 that have allowed large publicly traded and foreign-owned companies to qualify as small businesses and receive federal small business contracts. Representative Hank Johnson (D-GA-04) is expected to introduce the bill this year. <\/p>\n

The reason this bill is so powerful is because of the job creating potential of the small business community. According to the U.S. Census Bureau<\/a>, small businesses create 90 percent of all net new jobs<\/strong>. If passed, this bill would redirect existing federal infrastructure spending to our nation’s chief job creators, providing them with the needed demand to hire employees and expand business<\/strong>. Existing federal infrastructure spending means deficit-neutral, requiring no new taxes and no new spending. Moreover, this is a permanent solution, not the usual one-shot-deal that tends to increase the deficit and has not actually worked. <\/p>\n

Because of fraud, abuse, loopholes and lack of oversight of federal small business contracting programs, hundreds of billions of dollars in federal small business contracts are actually awarded to large, publicly traded and foreign-owned companies<\/strong>. During fiscal year 2010 alone, the government’s data indicated that more than $175 million in federal small business contracts was awarded to Lockheed Martin<\/strong>. I think most Americans can agree that Lockheed Martin, a company with more than 125,000 employees and more than $45 billion in annual revenue, is not a small business. This happens while small businesses are forced to close their doors and millions of Americans lose their jobs<\/strong>\u2026 [emphasis added<\/em>]<\/p>\n<\/blockquote>\n

Inserted from <Huffington Post<\/a>><\/p>\n

Needless to say, Republicans will fight this one tooth and nail.  Giving contracts intended for small businesses to small businesses runs completely counter to Republican economic policy.  Keeping these contracts diverted to giant corporations that outsource jobs has been an ongoing victory in the the Republican war against the poor and middle classes.  It\u2019s a fight worth having, because it clearly demonstrated how Republicans represent millionaires, billionaires, and corporate criminals, NOT YOU!<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

Republicans keep saying that small businesses are the job creators.   That\u2019s actually true, but the problem is that when Republicans say small business, they mean Koch Industries. General Electric, BP, Goldman Sachs, Microsoft, etc.  To make matters worse, Republicans have blocked fixing a loophole in years past that diverts contracts intended for small business to […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5938","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/5938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=5938"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/5938\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=5938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=5938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=5938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}