November 9 2012 Copyright (c) 2012 Business Research Services Inc. 301-229-5561 All rights reserved.

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  • Obama revives consolidation plan for SBA and business agencies

    Eight days before Election Day, President Barack Obama revived his plan to consolidate government agencies, including the Small Business Administration, into a single Cabinet agency.

    Obama said in an interview on MSNBC that he would appoint a Secretary of Business to oversee the business agency.

    “We should have one Secretary of Business, instead of nine different departments that are dealing with things like giving loans... or helping companies with exports,” Obama said. “There should be a one-stop shop.”

    The president blamed Congress for stalling such a consolidation during his first term, saying the lawmakers have been “very protective about not giving up their jurisdiction over various pieces of government.”

    Even so, Obama had not actively pushed the idea in recent months. He initially announced the consolidation plan in January.

    GOP Presidential candidate Mitt Romney criticized the proposal, telling a group in Roanoke, VA, “I don’t think adding a new chair in his cabinet will help add millions of jobs on Main Street.”

    “We don’t need a secretary of business to understand business, we need a president who understands business, and I do,” Romney said, according to ABCNews.

    Romney’s campaign also released a television advertisement about the plan, saying that Obama’s “solution to everything is to add another bureaucrat.”


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