The following statement was issued today the American Small Business League in response to President Obama's Job Forum:

The American Small Business League (ASBL) is concerned that President Obama's jobs forum is yet another publicity stunt designed to yield positive public relations, as opposed to creating new jobs.

The summit will include, "130 liberal economists, union leaders, Fortune 500 executives, and even a few small-business owners," according to Kent Hoover, Washington bureau chief for bizjournals.

President Obama's Forum on Jobs comes just weeks after the administration held a small business-lending forum with a mere seven handpicked small business owners invited to speak.

The ASBL maintains that if President Obama really wanted to stimulate the national economy and create new jobs he would support the small business community and honor the promises he made during the 2008 presidential election.

During the 2008 election cycle, President Obama promised to, "end the diversion of federal small business contracts to corporate giants."

To date, President Obama has failed to honor that promise.

The ASBL maintains that stopping the diversion of federal small business contracts to corporate giants alone would redirect more than $100 billion a year in federal infrastructure spending to America's chief job creators, its small businesses. Firms with 20 or fewer employees are responsible for over 97 percent of all net new jobs, according to the most recent U.S. Census Bureau data.

On October 26, Arianna Huffington took aim at President Obama's priorities by stating, "If this 'small business lending' were really a high-priority for the administration, it could, you know, actually do something about it."

The ASBL maintains that President Obama's rhetoric is inconsistent with his actions.

"If President Obama were really serious about creating jobs he would back H.R. 2568, the Fairness and Transparency in Contracting Act, which will redirect over $100 billion a year in federal infrastructure spending to the small businesses where most Americans work and where nearly all new jobs are created. H.R. 2568 is the simplest and most effective economic stimulus anyone has proposed to date," ASBL President Lloyd Chapman said. "As George S. Patton said, 'A good plan violently executed now is better than a perfect plan executed next week.' Small businesses cannot afford the luxury of waiting for President Obama to become the man we all thought he was."