The U.S. Senate Committee on Small Business and Entrepreneurship exists to promote the economic development of our nation as a whole. It is responsible for advising and studying all matters of American small business and its success or failure. It also has authority over the Small Business Administration, a federal agency that is the chief advisor to the formulation of programs intended to help America remain a competitive nation. It is responsible for overseeing the registration of trademarks and other intellectual property belonging to American corporations. Its work cannot be limited to these functions alone.
The committee is very busy in its various tasks. It holds hearings on almost all matters concerning small businesses and the nation's economic competitiveness. It also meets privately with representatives of small businesses and other organizations representing trade and other interested groups. All these endeavors help it understand how our small business system should function.
There are many issues that come up when dealing with such a diverse group of individuals. The most obvious is trying to get them to all arrive at the same consensus regarding the important issues. Much time and energy is spent negotiating differences between different interests.
This is not good for the country at all. If there is ever a breakdown in communications, the entire negotiation process will be shot to smithereens. Imagine the political firestorm that would erupt if some members balked at the crucial plan to increase the Small Business Administration's portfolio of SBA loans and other assistance. Some even voted against this plan out of political rhetoric. Now they claim they are misunderstood and in the process of ranting against the plan. Such actions could cause an unfortunate unraveling of this important cooperative effort.
Some claim there is no crisis. They further point out that our economic situation is dire and the government should not interfere in it. Others contend that a crisis exists and it is up to the government to solve it through whatever means necessary. Still others contend there is no crisis because there is no crisis. Okay, so let's discuss that for a moment shall we?
Okay, so, which is right? Should the government get involved in solving the crisis or should private enterprise do it? That's a great question and it goes to the whole concept of business itself. In essence, the problem is the government's inability to properly promote business and entrepreneurship. And if . . . . . . they can't properly promote it, why do you think that they are in there anyway?