Winslow Sargeant and Obama's SBA agenda

American Thinker ^ | August 23, 2010 | Phil Boehmke

[Bhoy]

On Friday the White House announced four recess appointees to key positions in the Obama regime, the official press release missed a few important details. Maria del Carmen Aponte (involvement with a Cuban spy) and Richard Sorian (LGBT candidates for the Obama regime.) Tucked in between Aponte and Sorian was Winslow Sargeant the new Chief Counsel of Advocacy for the Small Business Administration. ...research on Winslow Sargeant and discovered a fascinating article by Lloyd Chapman that appeared in the Huffington Post (of all places) on June 11, 2009.

[Bhoy]

President Obama is going to support legislation and policy that will allow the venture capital industry to dominate all federal small business contracting programs including those for women and minorities. Billions of dollars in federal contracts designated for legitimate small businesses will be diverted to some of the nation’s wealthiest venture capitalists and some of the largest venture capital firms in the country. He will also pass legislation to exempt venture capitalists from capital gains tax on the profit they make from the contracts. Millions of hardworking middle class firms will be negatively impacted, thousands of firms will be forced to close their doors, and countless jobs will be lost. It is no coincidence that President Obama has appointed wealthy venture capitalists Karen Mills and Winslow Sargeant to fill the top two spots at the Small Business Administration (SBA). Both Mills and Sargeant were major contributors to Obama’s campaign. They have also been vocal advocates of changes in federal policy that would allow federal small business contracts to be diverted to firms controlled by venture capitalists.

snip

The money the venture capital industry gave members of Congress and President Obama is an investment for them. Their plan is to take over the SBA, and federal small business contracting programs as a means of collecting billions of dollars in federal contracts. So far it’s working. […] This is not some rinky-dink story. We are talking about $140 billion a year in government contracts. This is also a story of how a man most Americans thought was going to rescue all of us from “business as usual in Washington,” is planning on selling federal small business programs to the highest bidder. This time the highest bidder happens to be the NVCA and the rest of the venture capital industry. snip snip

[himno hero]

Why does he need to think that he needs to teach America to do what it knows?

[Brad from Tennessee]

NEW YORK TIMES—Nov. 3, 2009

GORE'S DUAL ROLE IN SPOTLIGHT: ADVOCATE AND INVESTOR

Former Vice President Al Gore thought he had spotted a winner last year when a small California firm sought financing for an energy-saving technology from the venture capital firm where Mr. Gore is a partner.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient. It came to Mr. Gore’s firm, Kleiner Perkins Caufield & Byers, one of Silicon Valley’s top venture capital providers, looking for $75 million to expand its partnerships with utilities seeking to install millions of so-called smart meters in homes and businesses. . .

The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants. Of the total, more than $560 million went to utilities with which Silver Spring has contracts. Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in coming years.

http://dealbook.blogs.nytimes.com/2009/11/03/gores-dual-role-in-spotlight-advocate-and-investor/

[Buddy B]

Bump.....

[Outlaw Woman]

later