Opinion: How Obama Has Failed Small and Minority Business

Has President Barack Obama done enough for small and minority business growth?

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The Obama administration has been a total failure when it comes to small and minority business. How did I come to this conclusion? There are two easy ways to determine what is important to a person or an elected official:  to listen to what they talk about the most and to open their checkbooks to see who they write checks to.

Everyone knows that the small business community is the economic engine of our country—we create over 70% of all new jobs, not the Fortune 500 companies.  But yet, Obama rarely engages with the small business community and has never met with a group of Black businessmen since he has been in the White House.

You rarely hear the President talking about the minority business community.  Oops, I forgot, that would entail talking about Black businesses also and this president will do nothing to remotely make people think he is Black.

He will meet privately with homosexual or Hispanic business owners before he meets with Black business owners.  Obama has no minority businessmen in his inner circle.

This is where Romney blew it during his recent speech before the NAACP.  Going to a Black group and not mentioning Black entrepreneurs is like going to church and not mentioning God!  Business is supposed to be Romney’s strong suit, but Obama and the Democrats are “swift boating” him when it comes to his business background.

How do you take someone’s greatest accomplishment—being a very successful businessman in Romney’s case—and turn it into a liability?  This is the same thing Bush did to John Kerry in the 2004 presidential election—turned Kerry’s military service into a liability.

Minority business has always done better during Republican presidencies than under Democratic ones.  But under this current administration, Black and Hispanic contracting with the federal government have decreased 8 and 7%, respectively.

So, what should the Obama administration do to address the issues affecting small and minority business?

They should do the same thing they did with Hillary Clinton and homosexual rights.  Clinton tied our foreign aid policy, specifically in Africa, to the acceptance of homosexual rights.

Never in the history of our country have we made such a demand on a sovereign state.

In foreign policy, we call this “conditionality.”  We will give assistance, but you will have to agree to all the conditions we put on you.  There is nothing unusual about this.  In fact this can be a very useful tool in foreign policy.

Yet this same administration puts no conditions on the billions of dollars the big banks received from the U.S. government.  Banks took the money at almost zero % interest and then refused to make loans to businesses—both large and small; minority and non-minority.

Obviously, in this administration’s view, it is more important to promote homosexuality in foreign countries through conditionality; than to promote and force banks in the U.S. to give access to capital to small and minority business owners.

How many jobs has the homosexual agenda created?  I can guarantee that if all small business owners were homosexual, this administration would focus on them like a laser beam.

The economy by far is the most important issue facing this country and yet the very group that can be the most helpful—the small and minority business community—is the one community that this president is ignoring the most.

If conditionality is a valid tool in Obama’s foreign policy, should it not be a tool in his domestic policy?  The interesting thing is that there are laws already on the books requiring defense contractors to partner with small and minority businesses.  None of the firms ever meet their numbers because they know the government will not do anything about it; so small businesses continue to suffer.

So, the lack of talking and the lack of action by this president on small business issues proves that the economy is not paramount to this administration!  When all is said and done, there is more said than done.

Raynard Jackson is president & CEO of Raynard Jackson & Associates, LLC., a D.C.-public relations/government affairs firm. His website is: www.raynardjackson.com. The views expressed in this article of those of Jackson, and do not necessarily represent Black Enterprise.

 

 

 

ACROSS THE WEB
  • http://www.facebook.com/people/Victor-Hayes/1175959625 Victor Hayes

    We call it United States of America for a reason. Can you cite any source whatsoever that supports your claim that minority owned businesses do better under a republican administration? It is quite obvious that you have a personal agenda or bias against equal rights for ALL including those that classify themselves gay or lesbian which causes you to lose focus.

    • the real truth

      i agree with mr. jackson the truth is the truth and he spoke it well. i am a small business owner of 16 years of service and i cant recall the last time my bank or any other bank offered to help me or did i need anything and if they do thebanks most famous words are ”DO YOU HAVE ANY COLLATERAL ” EVEN THOUGH I DO HAVE COLLATERAL HOW MANY TIMES DOES A YOUNG WHITE MALE OR FEMALE ENTREPRENEUR GET ASKED THAT QUESTION MOST STORIES I HEAR IS I WALKED INTO THE BANK ASKED FOR A SMALL LOAN AND LOOK AT ME KNOW IM SUCCESSFUL ON A DAMN MAGAZINE Y BECAUSE THE BANK HELPED THEM OUT. I AM SICK AND TIRED OF THE GOVERNMENT IN OUR COUNTRY AND AS FOR OBAMA I KNOW HE CAN DO BETTER THAN WHAT HE IS DOING LOOOK AT THE RECENT POLLS CAMPAIGN RAISING IS LACKING WHY ITS SIMPLE THE MILLIONS OF AFRICAN AMERICAN ENTREPRENEURS WHO DONATED 5,10, 20 BACK IN O8 ARE NOT DOING IT IN 2012 BECAUSE HE HAS DISREGUARD HIS OWN RACE I LIVE IN ORLANDO , FL A MILLION GOOD SMALL BLACK BUSINESSES TO EAT AND DINE IM LOOKING AT THE NEWS AND HE AT A DAMN HISPANIC PLACE EATING DO YOU KNOW HOW MANY BLACKS WERE OUT IN FULL SUPPORT OF HIM IN 08 WE CAME OUT IN GROVES TO SHOW SUPPORT IN A STATE HE DESPERATELY NEEDED . THE BOTTOM LINE IS HE IS OUT OF REACH WITH MINORITY BUSINESSES AND HELL IF YOU ASK ME I DONT THINK HE EAT SOUL FOOD CHICKEN WINGS, COLLARD GREEN MAC N CHEESE OKRA ALL THAT GOOD STUFF TURKEY WINGS GAVE 500,000,000 TO ENERGY COMPANY BILLIONS TO BANK AND AS MY MAN SAID EARLIER BANKS GOT BILLIONS PAID OUT CEO’S LOFTY SALARY BONUSES IM LIKE WTH THEN THEY CUT FUNDING IN KEY AREAS FOR SURVIVAL I THINK WE NEED TO GO TO WASHINGTON AND CLEAN THE WHOLE DAMN HOUSE OUT ESPECIALLY THEM OLD RICH SLAVE DRIVERS WHO STOLE FROM PETER TO PAY PAUL THEN TOLD PAUL TO ROB PETER TIME FOR A REAL CHANGE ALL IM SAYING IS OBAMA CANT BE REELECTED BY US AND THEN DONT EVEN COMMUNICATE WITH US ITS WRONG . I FEEL LIKE HE COULD HAVE GAVE SMALL BUSINESS A 5-10,000 STIMULUS MONEY TO REJUVENATE BUSINESSES DURING THE RECESSION BUT HE OPTED OUT OF THE SMALL BUSINESS PEOPLE WORLD AND LEAPED RT INTO CORPORATE THE THING IS I STILL WANT TO KNOW WHAT HAPPENT O 500,000,000 WITH ENERGY COMPANY NO ARREST, NO NOTHING. I THINK WE NEED TO FORM A COALITION FOR THIS ELECTION AND GET HIS ATTENTION IF YOU WANT TO RIDE AIRFORCE 1 LIVE IN DA WHITE HOUSE YOU GONNA HAVE TO TALK TO US OTHERWISE OUR VOTE GOES TO OTHER SIDE OR NO VOTE AT ALL. I FEEL LIKE THIS WHAT GONNA HAVE TO TAKE TO GET SOME ATTENTION TO THE MATTER NO MORE AIRFORCE 1 NOMORE WHITEHOUSE , NO MORE SPECIAL ANYTHING IF YOU DONT TALK TO US 2012 ELECTION

  • JulianGumbs

    I actually thought this would have been an objective piece, but little to my suprise it didn’t even come remotely close to being even valid. When using loose data, maybe one or two pieces at a time, please create structure within your piece, maybe use an outline and a flow chart. Meaning, black businesses don’t cycle up and down with Presidents, furthermore, traditional black business are very small in scale and scope to larger predominately white firms. Therefore unless you presented SBA data to validate your points, which you DIDN”T, you can’t prove your title. Also, all Presidents tackle two or three major legislation during a first term and preserve ground breaking legislaton for their second term. Overall, at no point in time did you even bother to present multiple case that ” Obama has failed small and minority businesses,” really terrible title with piss poor points, circa journalism 2012. TMZ.

  • Emma

    Dear Sir, I disagree with this article. Obama has done what HE alone can do for Small and Minority Business. HE being OBAMA cannot “make” anyone go out and do what is necessary (register CCR, network, take classes, utilize their area Small Business Development Center FREE) and Bid on ALL of the Billions of dollar contract that have been set aside for small/minority/veteran business. Obama cannot MAKE people utilize resources no more than he can MAKE banks give to people with poor credit and no collateral. Let’s get real here. It is a vicious cycle. I don’t blame Big Business for hiring people who make their business capabilities known. If I don’t know you exist, I can’t hire you. Sub-contract with you or even Mentor you. I am not quite sure WHAT AMERICA seems to think Obama should be doing to make life easier. I did not see either BUSH making life INSTANTLY better while in office. Which seems to be the expectation of the world for Obama. As a small business owner I am often the single minority in the room at trainings, conferences and seminars. I am not rich, I have been unemployed for over a year. Yet I can’t bring myself to blame Obama for my plight (like many Americans are doing) However, I am working hard to utilize every FREE opportunity to better my station because I can only depend upon me to do that!
    I think your platform would be better served if you spoke more of ways to encourage people to become Entrepreneurs and small business owners. Provide opportunities for said people to demonstrate core competencies and then assist them with getting Contracts. However, this may be too daunting a task for you as one man, much like being the President of The United States. You can’t make people want what you want for themselves.

  • Terry Jones

    Excellent article! Don’t be discouraged by people who only want to re-elect a Black president for no other reason than the fact that he is Black. No matter how many facts or facts or sources you used for this article, it wouldn’t have been enough for some people. I noticed that the people that criticized your article didn’t cite any “facts” or “sources” to the contrary.

  • fsteph

    Good article, Raynard. The Obama administration is attempting to destroy small business.According to the National Federation of Independent Business, “75
    percent of small businesses are organized as pass-through entities
    meaning they pay taxes on their business income at the individual rate.”
    The Joint Congressional Committee on Taxation estimates the proposed
    tax hike would hit roughly 940,000 small businesses nationwide.

    According to the Congressional Budget Office, failure to extend
    current income tax rates and deal with the Alternative Minimum Tax (AMT)
    will increase taxes on small businesses and working Americans by $4.6
    trillion over ten years and $232 billion in 2013 alone. In June, for the
    first time in 44 months, small businesses cited taxes above poor sales
    as the single most important problem they are facing today.

    If we fail to stop the scheduled expiration of the 2001 and 2003
    cuts, 53 percent of business income reported on individual returns would
    be hit by the resulting tax hike. These scheduled tax increases will
    destroy jobs during the worst employment crisis since the Great
    Depression.

  • justsayin

    Sir I must disagree with your assessment. Small businesses are a political tool for Democrats and Republicans. Federal Procurement and overall small business policies put into place during the Clinton and Bush administrations are the cause for unreliable numbers and fewer opportunities for small business in general. Mr. Obama has been in office for only three years. Mr. Bush made a mess of the US economy – it took him eight years to do that. Congress has much to do with the culture as well because of the continuous pay to play games businesses must play for meaningful work. Placing the responsibility of the broken promises to small and minority business on the shoulders of President Obama is misguided.

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