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American Small Business League

Obama Ignores Existing Federal Economic Stimulus Plans

Published in Women's Health Law Weekly, February 15th, 2009

President Barack Obama's current economic stimulus plan makes no mention of any provisions to address a myriad of problems that have been uncovered in existing federal programs designed to stimulate the economy and create jobs.

The Small Business Act of 1953 was one of the first economic stimulus plans adopted by the United States government. The purpose of the Small Business Act was to direct federal infrastructure funds to small businesses where over half of Americans work and where the overwhelming majority of new jobs are created. Since 1953, the Small Business Act has spawned a number of federal programs designed to stimulate the national economy and create jobs by...

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