President Obama promises to small businesses and to Minorities – to fix the economy and to help us create jobs – the main issues on the 2012 election, were never kept and his Administration has allegedly been ‘cooking’ numbers and statistics to appear as if we are ‘Moving Forward.’ Are we? Let us examine the situation.
The Obama outreach strategy and directives, outlined on his 2009 Executive Order, have been a fiasco. Federal spending has jumped from 20 percent to 24 percent of GDP on his watch and a July national poll, commissioned by The Hill, blames him for the paltry job growth and slow economic recovery. Does Obama deserve our vote?
The President has misrepresented his Administration record in contracting with small and minority businesses – through the SBA Report Card – by claiming, for example, that small and disadvantaged businesses had received 21.65% or $91.5 Billion of ALL the Federal contracts in FY2011. The $91.5 Billion would make the contracts grand total $424.1 Billion (before anomalies – like small business contracts awarded to large firms and ‘exemptions’ on the Federal Acquisition Regulations (FAR) are removed).
