KIMBERLEY A. STRASSEL had an interesting article in the Wall Street Journal on Friday, July 27. Obama’s comment that “You didn’t build that” came from Massachusetts senatorial candidate Elizabeth Warren. Last August she told her constituents that government was the real source of all business success. The speech went viral so Obama decided to use the same message.
The message demonstrated that Obama and Warren are big government, anti-business people. It was a pre-meditated choice to use the comment, not a slip of the tongue. When you read the whole speech, it clearly was designed to convey the idea that big government was the reason for small businesses flourishing. The cost of opening a business, the planning, long hours of work, etc. were not factors even considered by Obama.
If Obama wants to take credit for the success of small businesses throughout the United States why doesn’t he fess up to also being responsible for the number of small businesses that failed? For every successful business, there are 2, 3, 4 and 5 businesses that failed. Small businesses are risky ventures and there is no guarantee of success.
If anything governments have benefitted from private business ventures because of the taxes and fees they generate. Small businesses provide taxes for all levels of government besides employing people who also pay taxes.
Obama has it backwards. Governments need small business and private initiative makes it happen.