Today, President Barack Obama held a press conference in Landover, MD to announce the administration’s plans for a, “New Small Business Lending Initiative.” According to President Obama’s statements, the initiative would focus almost entirely on increasing the ceilings on government loans to small businesses. ( http://bit.ly/47ZRLy ) However, President Obama once again failed to address widespread abuses in federal small business contracting programs, which have lead to the yearly diversion of billions of dollars in contracts intended for small businesses to corporate giants. According to the administration’s most recent small business contracting data, which was released on August 21st, 2009, the top recipient of federal small business contracts during fiscal year (FY) 2008 was Textron Inc