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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