We All Love Small Businesses

At least all politicians do. Often that's all they can talk about, about how awesome small business owners are and how those nasty taxes and regulations hurt them. Which is actually true to some degree for actual small businesses, though it's generally local taxes and regulatory issues that are the problem, not federal ones. And we should love small businesses, as most job growth actually comes from new companies which generally at least start out small.

So when I get an email about a great meeting between Obama and some of the members of his "Jobs and Competitiveness Council," why are these its members? Almost all of these people are heads of giant megacorporations. Some of them had some responsibility for growing their businesses into megacorporations, sure, but not all.

Steve Case, Chairman & CEO, Revolution and Chairman, Startup America Partnership

· Kenneth I. Chenault, Chairman & CEO, American Express Company

· John Doerr, Partner, Kleiner, Perkins, Caufield & Byers

· Roger W. Ferguson, Jr., President & CEO, TIAA-CREF

· Mark T. Gallogly, Founder & Managing Partner, Centerbridge Partners

· Joseph T. Hansen, International President, UFCW

· Lewis Hay, III, Chairman & CEO, NextEra Energy

· Jeff Immelt, Chairman & CEO, GE

· Gary Kelly, Chairman, President, and CEO, Southwest Airlines

· Ellen Kullman, Chair & CEO, DuPont

· A.G. Lafley, former CEO, Proctor and Gamble

· Eric Lander, Director, Broad Institute of MIT and Harvard and Co-Chair, PCAST

· Monica Lozano, CEO, impreMedia

· Darlene Miller, President & CEO, Permac Industries

· Paul S. Otellini, President & CEO, Intel Corporation

· Richard D. Parsons, Chairman, Citigroup

· Antonio Perez, Chairman and CEO, Eastman Kodak

· Penny Pritzker, Chairman & Founder, Pritzker Realty Group

· Brian Roberts, Chairman & CEO, Comcast Corporation

· Matthew K. Rose, Chairman & CEO, BNSF Railway

· Sheryl Sandberg, Chief Operating Officer, Facebook

· Laura D. Tyson, Professor, Haas School of Business, UC Berkeley

· Robert Wolf, Chairman, UBS Group Americas and President, UBS IB