Obama to Axe Small Business Programs: Lloyd Chapman Reports

Alex talks with the president and founder of the American Small Business League, Lloyd Chapman, about the Occupy Wall Street protests now entering a third week. Mr. Chapman and Jones will also talk about the economy and how Obama's policies are hurting small business in America.

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Petaluma, Calif. - Friday the Obama Administration set a rule change in motion to eliminate federal contracting programs for minority-owned small businesses. A shocking move since, in the midst of one of the worst recessions in U.S. history, unemployment has hit minority groups especially hard. According the U.S. labor department, the jobless figure for African Americans is almost twice that of overall unemployment (16.7 percent).




The proposed rule change is aimed at ending federal programs that establish, for the Department of Defense (DOD), NASA and the U.S. Coast Guard, a five percent federal contracting goal with small socially and economically disadvantaged businesses.

Around 35 percent of the U.S. population is made up of ethnic minorities, and 5.8 million businesses are minority-owned. The American Small Business League (ASBL) estimates that if the policy is implemented, minority-owned small businesses could lose close to $50 billion in federal contracts annually, which could lead to the loss of millions of jobs.

This is the latest in several instances of abuse of federal small business contracting programs. In addition to attempts to eliminate minority-owned federal contracting programs, the Obama Administration has been criticized for diverting billions of dollars a month in federal small business contracts to Fortune 500 firms and other large businesses worldwide. Some large companies that have received federal small business contracts include Lockheed Martin, British Aerospace, Rolls-Royce and Italian defense giant Finmeccanica SpA.

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[NebelwerfenZex]

Well, small biz is the only thing still making the economy go. Gotta stop that, because they are not part of the closed system, engineered society! Small biz, can generate wealth outside of their system, that is very bad, because if you are outside the system, then you are outside their monitored economic control! It is all about a sealed controlled economic system, programmed to squeeze the wealth out of the citizens, until they fall into the debt slave trap. Then they own you, GAMEOVER!

[mysciencenow]

i couldnt get a 20$ loan if i tried, ive had a business license for 4 years but budget is only a few bucks i couldnt even afford to renew the license this year

[Aurinkohirvi]

It's simple: mega-corporations own the politicians and the parties. Why would they support laws that benefit small business? They rather want the benefits themselves.

[dave4409]

what song is playing at the start of the video??

[eastariel]

Stand tall, Americans! Don't let the vultures break our nation's backbone -- its small businesses. Don't let them cripple us!

Do you know who the vultures are? They have no nation, no religion, no culture. They are loyal only to their egos. Their motto is: divide and conquer.

But love is stronger than they are!

We shall overcome someday.

[ImtheEntity]

The battle is not really against tyranny, but against our own complacency. One day this will be remembered as Alex's greatest message

[freedomseaker1]

@666The666Lucifer666 FUCK YOU AND YOUR NEW WORLD ORDER....YOU WILL NOT SUCCEED!!!!! THEIR ARE MORE OF US THEN THEIR ARE OF YOU!!!!!!!!!!!

[freedomseaker1]

i wish someone would blow this fucker to smithereens!!!!!!!

[garrethdavis]

Lloyd Chapman is the man!