President Barack Obama is refusing to back a bill that could create millions of jobs in the private sector. The bill, the Fairness and Transparency in Contracting Act, H.R.2568, was introduced by Georgia Congressman Hank Johnson last May.
It does not make sense to give billions of dollars a year in federal small business contracts to corporate giants, and then turn around and try lending billions of dollars to small businesses who are floundering.
I'm a huge fan of 360-degree reviews. They are typically used in the Human Resource department of a company for employee reviews. The objective of the review is to get a view from all different angles of the particular employee.
What percentage of Americans would agree that Fortune 500 firms should not be receiving federal small business contracts? 100 percent would be very close, but that doesn't seem to matter to Congress and the Obama Administration.