. . . National Venture Capital Association (NVCA) that contributed millions of dollars to his campaign, and the campaigns of other top leaders within the Democratic Party. [...] Legitimate small businesses are concerned that during the Obama Administration, they will not only have to compete with Fortune 500 firms for federal small business contracts, but also well heeled investors with the president’s ear and the head of the SBA on their team. I predict President Obama will back legislation and/or policy by the end of 2009 that will allow his wealthy venture capitalist buddies to participate in federal small business contracting programs. The NVCA has already blanketed both House and Senate...

. . . National Venture Capital Association (NVCA) that contributed millions of dollars to his campaign, and the campaigns of other top leaders within the Democratic Party. [...] Legitimate small businesses are concerned that during the Obama Administration, they will not only have to compete with Fortune 500 firms for federal small business contracts, but also well heeled investors with the president’s ear and the head of the SBA on their team. I predict President Obama will back legislation and/or policy by the end of 2009 that will allow his wealthy venture capitalist buddies to participate in federal small business contracting programs. The NVCA has already blanketed both House and Senate small business committees with generous contributions.

The final piece of evidence indicating that the Obama Administration could spell big trouble for small businesses is its allocation of stimulus funds. U.S. Census Data reports 98 percent of all U.S. firms have less than 100 employees. These 27 million firms employ over 50.2 percent of the private sector work force, create over 97 percent of all net new jobs and are responsible for over 50 percent of the Gross Domestic Product (GDP).

To date, President Obama has allocated approximately 1 percent of the economic stimulus funds to those small businesses. Does that make sense to you? No? Doesn’t seem to jive with the “small businesses are the backbone of our nation’s economy” routine does it?

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