Saturday, January 29, 2005

Kerry Demands Investigation into SBA Fraud; Small Business Groups Cheer

As a small business owner, I have always admired John Kerry’s work in Senate as Ranking Member of the Committee on Small Business and Entrepreneurship. Small Business is the cornerstone of the American economy, yet we hear so little about the tireless work from John Kerry to protect the interests of Small Business and to help Small Businesses receive funding from programs like the Micro-Loan program.

Although George W. Bush likes to portray himself as a friend to Small Business, in reality he is a friend to BIG BUSINESS. Small Business owners who went along for the ride and voted for Bush are in for a rude awakening, if they have not already figured out that, they have been duped.
On their website, the American Small Business League asks the question, “Is a worldwide company with 26,000 employees really a small business? Thanks to policies that have been established by the SBA the answer is yes.”

There are more than 23 million small businesses in the United States. Almost all of them – 98 percent – have fewer than 100 employees. Yet the basic standard for
many industries is 500 employees.

John Kerry introduced new legislation earlier in the week geared towards further protection of true Small Businesses:



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