Here we go again. Obama, the self-designated "post-racial" president, has once again used race as a standard for privilege and has shown preference for certain minority groups, such as Alaskans and Hawaiians, over others.
When given a choice to do something to help small business development, President Obama has instead, exacerbated the problems and compounded the challenges facing small business. The latest Obama misstep with small business was a recent decision to extend favored status to particular small businesses operating as Alaskan Native Corporations (ANC) or as Hawaiian Native Corporations, while eroding the competitiveness of companies located in the many, different, historically underutilized, economic zones (HUBzone) located throughout the U.S. in areas of sky high unemployment.
The unintended consequence of Obama’s recent decision is that businesses and entrepreneurs may be reluctant to locate their companies in regions of acutely high unemployment where investments are most needed. If Obama really wanted to help small businesses and encourage job creation, he should be providing all the tax and regulatory aid possible to small businesses and direct these incentives toward helping small businesses that are willing to employ, train, and invest in the areas across the nation that suffer from the highest unemployment rates.
What makes President Obama’s decision even more painful is the extension of contractual privileges to companies that can claim a dubious, historical, social-economic victimhood. In particular, Obama’s decision will favor Alaskan Indians and Hawaiians, who have argued successfully to the Administration that they deserve preferential treatment.