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American Small Business League
Obama Tries to Retract Statement to End Billions in Contracting Fraud
November 9th, 2008
Without explanation, presidential candidate Senator Barack Obama (D - IL) has attempted to retract a statement he made in February of this year pledging to end billions of dollars in fraud and abuse in federal small business contracting programs. Senator Obama's original statement was in response to over a dozen federal investigations, which have found that the Bush Administration has diverted billions of dollars in federal small business contracts to Fortune 500 firms. In report 5-15, the Small Business Administration Office of Inspector (SBA OIG) referred to the issue as one of the biggest challenges facing the entire federal government today....
Source: Pharma Investments, Ventures & Law Weekly (2008-11-09)
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