Tough times for small businesses?
Have Obama policies been effective?
- Duration 4:29
- Date Jul 29, 2012
Have Obama policies been effective?
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This transcript is automatically generated
Welcome back there's been a lot of controversy since the president made those things you didn't.
Build that remarks and now shocking new report shows that despite the stimulus.
-- -- -- -- -- Thousand small businesses were lost between 2008 and 2010 as a result over three million workers have been laid off.
Well our next guest believes this small businesses had the president the president's support in 2008 so he endorsed President Obama how does he feel now.
Like Chapman is the president and founder of the American small business league and -- -- Morning -- 2008.
You say President Obama made a promise TU.
Tell tell us what you asked him for and what happened.
Plus President Obama to simply end.
The diversion of billions of dollars in federal small business contracts to fortune 500 firms.
And he and his campaign agreed and issued a statement is that it's time in the diversion of federal small business contracts to corporate giants.
And he's refused all that promise and as a result.
Millions of dollars in federal contracts and should be going to a small businesses were most Americans work where most of the gross domestic product come from.
And over -- -- -- new jobs has been diverted.
Two companies in Europe even in Asia.
And big businesses in America for example -- bomb illustration is giving US government small business contracts to fit mechanic.
An Italian defense contractor with about 76000 employees.
I like most Americans would agree that's that's.
That's a travesty and that needs to stop and he's.
It's not doing it.
And as a result you're switching you're support you point out that.
The majority the vast majority of stimulus money did not go to small business -- the route now to the largest corporations but aren't there rules.
To assure that federal money guaranteed to small businesses is going to that very place how's that not happening.
You know what.
These small bit of instruction says it's anomalies.
So every day the President Obama has been in office.
Millions of dollars and small business contracts.
Had been diverted.
Two Rolls Royce British aerospace you know thin McKenna -- -- mechanic and a sand John corporation South Korea and they say it's an anomaly.
They -- the other day in an investigation now by NBC it was an anomaly.
And it's just not believable in fact of the SBA's own inspector general says it's fraud.
And I'd like to see the Justice Department look into this.
It's it's a great issue for Mitt Romney to look into because I think I think everyone out there -- today would agree with me that we should not be -- Federal small business contracts.
To the biggest companies in the world.
We yesterday we had on congressman Mike Kelly he had made a bit of mark on the floor of the House of Representatives when he talked about.
This stack of regulations.
It's small businesses are subject to he got a rousing round of applause about that your -- that -- and Francis.
Economy America with everything that the creator has providers what should be dominating the world market right now what's holding us back -- over regulations.
There are overzealous and -- too much cost and take.
Take -- -- the playing field it makes it too hard for us to dominate the way we should be dominate.
-- -- -- That are we over regulate it.
-- well I'm shocked.
At some of federal regulations that -- applied to small businesses since it's really amazing.
People need to understand small businesses are the economic engine of our country.
The responsible for you know most the jobs most of gross domestic product over not -- US exports.
And you know small businesses have just been ignored by President Obama and look for their oppressive along the policies are just really unbelievable.
And they're very hard for small businesses to.
To respond to all those different policies but dumb.
I hope that this this issue comes out the election needs to be a very important issue that the president Baughman and Mitt Romney discuss in the -- the -- campaign.
No doubt with a hundred days out small business -- will be a big deal in this election founder of American small business league Lloyd Chapman thanks for being here.