Bush Admin Tries to Cover Up Repeated Failures to Meet Targets for Small Business Contracts | BuzzFlash

These bastards need to be hung!

Bush Admin Tries to Cover Up Repeated Failures to Meet Targets for Small Business Contracts BuzzFlash:

The Bush Administration misrepresented data to meet contract allocation requirements, according to a report released by Democrats of the House Small Business Committee. The government is required to give at least 23% of its contracts to small business, but has failed the past six years. The Small Business Administration (SBA) claimed to have exceeded this threshold in 2005, but actually fell short because $12 billion it said was given to small businesses was in fact given to large ones.

Some of the miscategorized contracts went to some of the biggest companies in the world, including Microsoft, Rolls-Royce, Wal-Mart, Exxon Mobil, Google, and Lockheed Martin. Among others were large media companies like the Associated Press, The New York Times, USA Today, Bloomberg, and PBS.

What we are seeing is a sheer lack of accountability from the administration that is resulting in these large businesses receiving small business awards,' said Rep. Nydia Vel�zquez, the committee's ranking Democrat. 'As a consequence, entrepreneurs are getting less and less contracting opportunities each year.'