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Costco Co-Founder Jim Sinegal Backs President Obama on Business

President Obama is getting some help defending his record toward small businesses from a major player in the corporate world.

Former Costco CEO and co-founder Jim Sinegal endorsed the president’s economic policies and bid for a second term in an email message Monday night to be blasted out by the Obama campaign.

The show of support comes amid an onslaught of attacks by Republicans that paint Obama as anti-business, including a new TV ad by presumptive GOP nominee Mitt Romney that uses out-of-context remarks by the president to suggest he has denigrated small business owners’ success.

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