Sometimes I feel so Republican. (You know, "keep taxes low to stimulate the economy" vs. "increase taxes to pay for programs to stimulate the economy.")
Call me "old-fashioned" but I would like to know that taxpayers' hard earned dollars are actually funding something worthwhile. And that's why I can't quite decide whether I like this amendment to the Small Business Act or not.
The House Small Business Committee just approved an amendment to the Small Business Act that appears to be a big coup for future and beginner SME exporters: "SBA Trade Programs Act of 2007 - To amend the Small Business Act to improve trade programs, and for other purposes." It covers the gamut of govenmental support from finance to trade protection. The intent of expanding U.S. exports via the SME exporter is laudable. I'm just not convinced this is the way to do it.
The amendment will cost taxpayers money to implement and maintain. Will the cost be worth the return to our economy? What is the expected return to our economy? None of this information appears in the amendment so it's impossible to make an informed decision about whether or not to support the amendment.
As an advocate for SME exporters it seems like a slam dunk for Trade Bridge to come out in favor of this amendment. It does, after all, appear to provide significant help to SMEs that want to expand into global markets. But is it prudent to support the amendment on what may simply be, a noble goal? If monies are appropriated (which the amendment calls for) and the amendment doesn't do anything to either improve the export capabilities of SMEs or the U.S. economy it will be wasted time, effort and money.
I'm wary of the government's ability to design and implement these changes effectively and efficiently when the accountability seems either nonexistent or an afterthought. (Again, call me "old-fashioned.")
For now though, I'm keeping an open mind while I conduct more research. Check back here regularly as I will continue to update and post information as I get it.