John Bickley
👤 SpeakerAppearances Over Time
Podcast Appearances
He's done amazing work on this SBA, Small Business Administration program.
It's called 8A, kind of an unwieldy title there, but the devil is in the details with us.
It's a multi-billion dollar pass-through scheme that rewards businesses
minority contractors or people who are actually, it's not even just minorities, quote unquote, disadvantaged, which has a very loose definition.
I mean, perhaps even just not having access to internet when you're way up in your mountain cabin in Yosemite or wherever could qualify you.
But you have these firms that set up, Native American firms or any other sort of minority group.
Native Americans have been pretty blessed by this program to the tune of billions of dollars.
And it turns out that they're not disadvantaged at all.
I mean, the shareholders are, you know, wear Rolex watches and are very wealthy.
Well, in turn, this allows them to partner with real big firms like the Boston Consulting Group or McKinsey & Company or, you know, firms that are not at all disadvantaged.
And they receive no-bid contracts under this program.
And for anybody who knows anything about a no-bid contract, it's about as corrupt as it can be.
Right.
Yeah, so the program has been around for decades, but only under the Biden administration did the quotas triple.
And so it really exploded just in the last several years.
There was a USAID program.
The contracting officials at USAID
were taking bribes, over $1 million in bribes.
We've also seen a $100 million contract.
The minority contractor got 65% of that $100 million, so well over $50 million.