Bush Administration Fails Small Businesses and US by $800 Billion

by Maria L Gaycheck
(07/08/2008)

Department of Interior (DOI) became the latest federal agency to issue a report that found Fortune 500 firms were the actual recipients of federal small business contracts and the Bush Administration could top $800 billion. The report also found contracts to Fortune 500 firms were used to falsify the DOI’s compliance with its small business contracting goal and significantly misrepresent the Bush Administration’s compliance with the Congressionally mandated 23 percent small business contracting goal.

The report stated that despite regulations and policies put in place to ensure data integrity, contracting officers intentionally reported contracts to some of the nation’s largest corporations as small business contracts. The DOI Inspector General found contracting officers knowingly entered GSA contract information into the Federal Procurement Data Syste improperly, which allowed them to code a contract to an obvious large firm as a small business set-aside contract.

The report also found millions of dollars in contracts to Fortune 500 corporations such as Dell, GTSI, Home Depot, John Deere, McGraw-Hill, Ricoh, Sherwin Williams, Starwood Hotels, Waste Management Incorporated, Weyerhaeuser, World Wide Technology and Xerox Corporation as small business contracts.

Even after the initial report in 2002 from The General Accounting Office uncovered the diversion of federal small business contracts to Fortune 500 corporations, and fraudulent actions to insure Fortune 500 corporations always get the contract, but nothing changed. Since then, there have been approximately a dozen federal investigations that have all found Fortune 500 firms and other large corporations were the actual recipients of billions of dollars in federal small business contracts every year. Despite the series of federal investigations and over 400 stories in the press since 2002, nothing changes.

No wonder the US economy is going into the dumpster . . . the Bush Administration took $800 billions out of the economy.

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