The White House addressed the misinformation with a strong post on the White House Blog yesterday; I've included it here in it's entirety.
America’s small businesses are essential to our nation’s economy and its recovery. They create two out or every three new jobs in the private sector. Their ability to hire and expand is crucial to putting our economy back on the right track. But in the wake of this recession, too many small businesses are struggling to find the loans they need to strengthen their companies.
And that’s why President Obama has called on the Senate to swiftly approve the Small Business Jobs Act – a set of tax breaks and lending incentives designed to spur hiring and growth at small businesses.
As we continue to fight for essential assistance to small businesses we know there will be a lot of misinformation and given what is at stake we want to provide the real facts.
Below is a point by point fact check of a story about the small business legislation the AP ran this weekend: