Obama Administration Diverts Small Business Funds to General Dynamics, According to the American Small Business League.

Small business loans? They go to the Military Industrial Complex!

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Obama Administration Diverts $28.5 Million in Small Business Dollars to General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world. The company has changed markedly in the post-Cold War era of defense consolidation.

Dec. 9, 2009

PETALUMA, Calif. -- The following is a statement by the American Small Business League:
Obama Administration Diverts Small Business Funds to General Dynamics, According to the American Small Business League.

The Obama Administration has awarded a $28.5 million small business contract to Fortune 500 firm General Dynamics. As America's fourth largest prime contractor, General Dynamics did more than $29.3 billion in sales during fiscal year (FY) 2008 and maintains more than 92,000 employees. http://www.asbl.com/documents/20091202GeneralDynamics_Created_20091027.pdf

According to the most recent data from the Federal Procurement Data System The Federal Data Procurement System (FPDS) is a single source for US government-wide procurement data. External Links
[https://www.fpds.gov Federal Data Procurement System] - Next Generation (FPDS-NG FPDS-NG Federal Procurement Data System - Next Generation ), General Dynamics is just one of hundreds of corporate giants that are currently receiving federal small business contracts from the Obama Administration.

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In May of 2009, Congressman Hank Johnson (D-4-GA) introduced H.R. 2568, the Fairness and Transparency in Contracting Act. If passed the bill would halt the flow of federal small business contracts to large businesses and redirect more than $100 billion a year in federal infrastructure spending to legitimate small businesses. Although the bill has bipartisan support with 19 co-sponsors, to date President Obama has refused to endorse the legislation.

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