President Obama continued his Economic Contradiction Tour yesterday at a White House press conference, urging businesses to invest and lend more while attacking them for greed and sending jobs overseas. We'll see in November if voters buy the cognitive dissonance, not least on his professed concern for small business.

Mr. Obama hit Republicans hard for not passing his $42 billion Small Business Jobs Act, but Americans should realize that there's less here than meets the soundbite. The bill contains...