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CNN Drops Story on Multi-billion Dollar Contracting Scandal


Primetime news program Lou Dobbs Tonight dropped an investigative story exposing the diversion of billions of dollars in federal small-business set- aside contracts to some of the nation’s largest corporations and defense contractors just hours before the segment was to air on CNN.
As part of Dobbs’ series, “The Attack on the Middle Class,” the show’s producers spent several weeks researching and filming the segment featuring Lloyd Chapman, contracting expert and president of the American Small Business League. During his interview with CNN, Chapman discussed a series of 13 federal investigations — by the Government Accountability Office, Small Business Administration Office of Advocacy and the SBA Office of Inspector General — that found billions of dollars in federal small business contracts were diverted to Fortune 500 corporations. The Bush Administration reported these contracts — awarded to firms like L3-Communications, General Dynamics, Halliburton and major CNN advertisers Boeing and Lockheed — as “small business” awards.

Read press release from the American Small Business League.

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One Comment

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  1. Just heard about this on Ed Schulz Show. It’s all about the money. Another glowing example of why media reform is so important if we are to keep big corporate interests in check.

    And we will never get media reform until the people elected in D.C. are no longer elected through the use of big money from big corporate interests.

    This is also why the progressive voices are so few and far between in our current media environment. Do you think you’ll ever hear an ad by General Electric on the Ed Schulz Show? Don’t hold your breathe. Again it is all about the money.

    1. Above comment written by bushtoolNo Gravatar on February 7th, 2007 at 1:42 pm (replies, if any, are attributed separately above).
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