America 13. Dear Republicans, Please Save the SBA

America with Lloyd Chapman and Bruce de Torres

America 13. Dear Republicans, Please Save the SBA
On Vimeo, Rumble, and the usual audio platforms.

Link to the show-notes (my Substack) is in the comments.

Summary and paraphrasing:

Why do Republicans hate small businesses? Why is every president under pressure to close the Small Business Administration? Why ignore and never mention small businesses?

99.9 percent of U.S. firms are small businesses. The average U.S. company has 10 employees. 87% have 20 employees or less. They are supposed to get 23% of all federal contracts. Federal agencies pretend to obey the law. They say they’re steering contracts to small businesses. But in fact small business get only about 3% of federal contracts annually, and 97% of contracts go to the world’s biggest companies, one-tenth of one percent of U.S. firms.

The economy would boom if presidents did their job and executed the law, the 1953 Small Business Act that says small businesses are supposed to get 23% of all federal contracts. It would double or triple the number of new jobs created. It would lower the rate of crime, domestic violence and homelessness.

The Pentagon seems to be the biggest enemy of small businesses. (And Congress ignores the fact that the Pentagon admits that $35 trillion dollars is missing. There should be nationally televised investigations to find that missing money.)

The driver who killed those people in New Orleans was probably in broke and in debt. The country is headed for economic collapse. We’re $36 trillion dollars in debt and we acquire another trillion dollars in debt every 90 days. It’s unsustainable.

Insanely, the Pentagon likes our involvement in wars. And we send billions to other countries in foreign aid when, recently, we were told that there wasn’t enough money to help hurricane victims in the South.

Lloyd has worked for 35 years to get the government to stop cheating small businesses. He prompted the first federal investigation into fraud in the government’s small business programs in about 2002. The Government Accountability Office found that over 5,000 of the biggest companies in the world were getting small business contracts. Over 5,000 of the biggest companies on the planet were in the SBA’s database of small businesses.

And when asked what companies have received federal contracts, the SBA is silent. It does not make that information public, nor does it provide it on request. This information should be freely available online.

Reagan tried to close the SBA. Obama tried. It’s stupid to oppose the only agency created to help the 34 million businesses where most American work. Lloyd hopes that Trump will support small businesses. But when he took office in his first term, the SBA budget was the lowest in its history – and Trump cut it even more.

Lloyd Chapman is Founder and President of the American Small Business League (ASBL.com), working to protect the interests of our nation's 33 million small businesses. His goal is to stop the diversion of federal small business contracts to large corporations. See the special project at DontCheatWomen.com. Follow Lloyd at X.com/LloydChapman.

Bruce de Torres is author of GOD, SCHOOL, 9/11 AND JFK: The Lies That Are Killing Us and The Truth That Sets Us Free (read the amazing reviews at brucedetorres.com), marketing director at TrineDay.com ("Books that challenge official history...because it matters”), and host of REALITY WITH BRUCE DE TORRES.