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.
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.
I am really disappointed in Governor Schwarzenegger's refusal to back this bill. This legislation would do more to direct federal infrastructure spending to small businesses in California than any other legislation proposed to date.