|By Marketwired .||
|August 22, 2013 11:19 AM EDT||
PETALUMA, CA -- (Marketwired) -- 08/22/13 -- The Small Business Administration (SBA) is now being headed by Jeanne Hulit, an obscure, low-level bureaucrat at the SBA who was completely unknown by the public and members of Congress until outgoing SBA Administrator Karen Mills selected her as acting chief of the SBA. Little is known about Hulit's work history prior to joining the SBA in 2009. There is no available information that Hulit has any experience at starting or running a small business. Hulit's primary qualification to succeed Mills may be that both from Maine. Mills' selection of Jeanne Hulit to succeed her has set a new president in the history of the SBA. Up until now, when a member of the President's cabinet resigns, a successor is promptly named by the President.
Administrator Mills resigned over six months ago and yet, President Obama has not named a successor. President Obama's refusal to appoint an appropriate successor to Mills has lent credibility to American Small Business League President Lloyd Chapman's prediction in November of 2008 that President Obama would try and close the SBA.
In a recent press release titled, "Obama Wants to Close the SBA to Cover up Fraud and Abuse," Chapman explains his rationale for why he believes President Obama wants to close the SBA.
The fact that President Obama has had over six months to name a replacement for departing SBA Administrator Mills would seem to add support to Chapman's belief that President Obama wants to close the SBA.
Chapman recommended that current SBA Inspector General, Peg Gustafson replace Mills' when she steps down at the end of the month. Gustafson is familiar with the rampant abuses at the SBA. In the "Spring 2013 Semi-Annual Report to Congress" Gustafson stated that there were fraudulent schemes affecting all SBA programs.
Chapman points to the irrational excuse President Obama has given for closing the SBA. President Obama has claimed that by combining the SBA with the Department of Commerce, the federal government can save $300 million a year. The SBA's entire budget is approximately .04 percent of the Pentagon's annual budget.
Chapman challenges President Obama's true motivation for closing the SBA by pointing out that at the same time President Obama wants to close the SBA, he also intends to spend $7 billion in U.S. tax dollars to build power plants in Africa. The $7 billion President Obama intends to spend in Africa would fund the entire SBA budget for a decade and would fund the $300 million annual savings for over 23 years.
Lloyd Chapman believes the real reason President Obama has not named a successor to Karen Mills is because he intends to close the SBA to cover up the wide spread fraud and abuse at the agency that has been uncovered by the SBA Inspector General, the Government Accountability Office, NBC, ABC, CBS, CNN and the Washington Post.
For the latest video from the ASBL, click here.
American Small Business League