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According to President Obama, Entrepreneurs Donít Build Businesses
Principles & Policy ^

Posted on 07/15/2012 11:15:14 AM PDT by Sark

Last night, President Barack Obama delivered some telling remarks to a fire station full of people in Roanoke, Virgina. I’ll save you the trouble of reading the (long and uninspired) speech and provide you with the most interesting part:

“If you’ve got a business — you didn’t build that. Somebody else made that happen.” – President Barack Obama, July 13th, 2012.

It would be easy to respond with something along the lines of, “Somebody else made that happen? Who? Who magically imagined the product or service, started the business, built it up, and created the jobs? Who was it? The tooth fairy?” And to some extent, President Obama’s statement is so ridiculous as to merit that sort of quick, flippant response.

(Excerpt) Read more at principlesandpolicy.wordpress.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: barackobama; economics; entrepreneurs; presidentialrace; virginia

1 posted on 07/15/2012 11:15:21 AM PDT by Sark
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To: Sark

Then what Mr. Obama?

I tell you what, a nuclear deterent and a good standing army tax payer paid!

What a vile hypocrite liar. He flies Airforce One but cannot fund the military.

Just like a perv. homo who hates the girl but tries to immitate her.


2 posted on 07/15/2012 11:27:10 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Sark

Of course. businesses are just formed in the USDOB and then exploited by businessmen and businesswomen who invest nothing, risk nothing, do nothing. Obama is a clown.


3 posted on 07/15/2012 11:28:15 AM PDT by jimfree (In Nov 2012 my 12 y/o granddaughter will have more relevant executive experience than Barack Obama)
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To: Sark

Of course. businesses are just formed in the USDOB and then exploited by businessmen and businesswomen who invest nothing, risk nothing, do nothing. Obama is a clown.


4 posted on 07/15/2012 11:30:01 AM PDT by jimfree (In Nov 2012 my 12 y/o granddaughter will have more relevant executive experience than Barack Obama)
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To: Sark

Typical statist wonk, who believes that good can only come from the collectivist state, and the actions of individuals are disruptive.


5 posted on 07/15/2012 11:32:03 AM PDT by Fred Hayek (The Democratic Party is the operational wing of CPUSA.)
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To: Sark

In the long term what I think Obama is setting us up for the Government to ‘take over’ any business at will because... ‘Ya know you just didn’t build that business... The Government did.’

And as the soviets found out, you just can’t decree success out of nothing. And people being people, we all operate at one level or another on self-interest and the desire for profit from our endeavors no matter what they are. Be it sweeping floors or building multimillion dollar businesses with just an idea and lots of hard work and sacrifice.


6 posted on 07/15/2012 11:32:18 AM PDT by The Working Man
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To: Sark
Who ya gonna believe?

Your own experience?

or

The Truth Fairy?

7 posted on 07/15/2012 11:32:39 AM PDT by rawcatslyentist ("Behold, I am against you, O arrogant one," Jeremiah 50:31)
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To: Sark

His base will like that he said this. Because most of them “suck at life” and this kind of talk makes them feel better about their sorry asses and it, at the same time, diminishes successful people. He’s playing to his subset of losers when he speaks like this.


8 posted on 07/15/2012 11:35:31 AM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: Sark
As a person who started a business in 1985, carefully, on my own - no investors, nurtured it for 14 years and sold it for a handsome profit in 1999, I can somewhat authoritatively state that nobama has absolutely no clue.

The man has never made a payroll and has no clue to the difference between a profit and loss statement and a balance sheet. If he did he wouldn't make such screamingly outrageous statements.

From the article:

Ignorant idiot.
9 posted on 07/15/2012 11:41:01 AM PDT by upchuck ("Definition of 'racist:' someone that is winning an argument with a liberal." ~ Peter Brimelow)
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To: Fred Hayek

I honestly don’t know if he meant it in a statist way or a pro-labor way. I’d tend to assume the latter, but it could be the former.


10 posted on 07/15/2012 11:49:53 AM PDT by Sark
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To: JudgemAll
If he believes you didn't build it.....he sure as hell believes you don't own it!

this is one step away from taking everything over.

11 posted on 07/15/2012 11:52:11 AM PDT by Kakaze (I want The Republic back !)
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To: JudgemAll
If he believes you didn't build it.....he sure as hell believes you don't own it!

this is one step away from taking everything over.

12 posted on 07/15/2012 11:52:26 AM PDT by Kakaze (I want The Republic back !)
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To: Sark
said the boy not smart enough to understand the business model of a lemonade stand...
13 posted on 07/15/2012 12:00:57 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Sark
His remark reflects the kind of lack of understanding which comes from never having studied the ideas of liberty which transformed this wilderness into the most free place of opportunity, prosperity and plenty which ever existed on the globe!

James Madison ("Father of the Constituion") said that the economic proserity experienced in America was the result of a "benign" government, not a malignant invader of every cell of national life, as it is today.

America's liberty and prosperity for over 200 years was based on another idea, for the earnings of hardworking citizens were protected from the coercive hand of government by a written Constitution which did not allow arrogance of wannabe "rules" such "taking" power as so-called "progressives" now claim.

Hear Samuel Adams:

"Is it now high time for the people of this country to explicitly declare whether they will be free men or slaves. It is an important question which ought to be decided. It concerns more than anything in this life. The salvation of our souls is interested in this event. For wherever tyranny is established, immorality of every kind comes in like a torrent, it is in the interest of tyrants to reduce the people to ignorance and vice.” - Samuel Adams

And:

“The utopian schemes of leveling and a community of goods, are as visionary and impractical as those which vest all property in the crown. These ideas are arbitrary, despotic, and, in our government unconstitutional.” - Samuel Adams

14 posted on 07/15/2012 12:18:29 PM PDT by loveliberty2
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To: Sark
Sorry! Third paragraph should have read:

"America's liberty and prosperity for over 200 years was based on another idea, for the earnings of hardworking citizens were protected from the coercive hand of government by a written Constitution which did not allow arrogance of wannabe "rulers" such "taking" power as so-called "progressives" now claim."

15 posted on 07/15/2012 12:21:59 PM PDT by loveliberty2
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To: Sark
Are you stoned or just stupid? What an absolute buffoon. Easily the most stupid, asinine human to ever step foot inside the White House.

Obviously he's too ashamed of his school records to release them.

He must have FAILED every class, including phys ed!

16 posted on 07/15/2012 12:57:33 PM PDT by GBA (To understand what is happening to America and why, read The Harbinger by Jonathan Cahn)
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To: GBA

Thank the puppet masters who insalled him into office (first and foremost The Media. Then all the Marxists who raised him. Then the Muslims who also raised and supported him through college. Then Syrian “Tony” Rezco who made him part of his criminal empire. Then the hapless Democrat party who traded their country for “Hope and Change”.


17 posted on 07/15/2012 1:02:43 PM PDT by shalom aleichem
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To: GBA

Thank the puppet masters who insalled him into office (first and foremost The Media. Then all the Marxists who raised him. Then the Muslims who also raised and supported him through college. Then Syrian “Tony” Rezco who made him part of his criminal empire. Then the hapless Democrat party who traded their country for “Hope and Change”.


18 posted on 07/15/2012 1:02:51 PM PDT by shalom aleichem
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To: GBA

Thank the puppet masters who insalled him into office (first and foremost The Media. Then all the Marxists who raised him. Then the Muslims who also raised and supported him through college. Then Syrian “Tony” Rezco who made him part of his criminal empire. Then the hapless Democrat party who traded their country for “Hope and Change”.


19 posted on 07/15/2012 1:03:00 PM PDT by shalom aleichem
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To: GBA

Thank the puppet masters who insalled him into office (first and foremost The Media. Then all the Marxists who raised him. Then the Muslims who also raised and supported him through college. Then Syrian “Tony” Rezco who made him part of his criminal empire. Then the hapless Democrat party who traded their country for “Hope and Change”.


20 posted on 07/15/2012 1:03:19 PM PDT by shalom aleichem
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To: Sark

In a division of labor society, new aspects, new dimensions of productive activity appear. The productive role of businessmen and capitalists is to raise the productivity of manual labor, and thus its real remuneration, precisely by means of creating, coordinating, and improving the efficiency of the division of labor.


21 posted on 07/15/2012 1:07:18 PM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: rawcatslyentist
The Truth Fairy?

No, Obozo is the Lie Fairy!

22 posted on 07/15/2012 1:31:26 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Sark

Just more evidence that Barry is totally clueless when it comes to business and the economy. The boy thinks money grows on trees.


23 posted on 07/15/2012 1:57:24 PM PDT by FlingWingFlyer (Who is Barack Hussein Obama?)
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To: Sark
BHO knows next to nothing about everything. He’s read a lot of Marxist tracts, but he knows little about history, geography, religions other than Islam, economics, or human nature, and it shows.

His notion of the entrepreneur is the caricature of the robber baron tycoon, living high while his employees sweat in squalor (which curiously is an analogue of his own present position, playing golf, eating very well, traveling almost daily, while the rest of us scratch out an existence on the edge). His only experience of private business is the low-level job he had right out of Columbia (which he misrepresented in his autobiography~~he wore jeans to this job, and manipulated boilerplate text) described as being behind enemy lines…O the hyperbole.
24 posted on 07/15/2012 2:04:42 PM PDT by Nepeta
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To: Sark
"If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your
life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody
invested in roads and bridges. If you’ve got a business -- you didn’t build that. Somebody else made that happen.

The Internet didn’t get invented on its own. Government research created the Internet so that all the companies
could make money off the Internet."

http://www.whitehouse.gov/the-press-office/2012/07/13/remarks-president-campaign-event-roanoke-virginia

=================================================================================

Apple Computer would not be in business today if it were not fot the efforts of two individuals working long,
long hours in their garage with out pay to bring their visions to market.

And even if they had paid employee's to assist them their only partially responsible since they were paid for and directed
in their efforts.

LIBERALS.... Always in the way when your trying to accomplish something,
and there to take the credit when you accomplish things in spite of them.

25 posted on 07/15/2012 2:26:10 PM PDT by DaveTesla (You can fool some of the people some of the time......)
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To: Sark

So I suppose if I start a business, invest my money, and it fails, then someone else caused it. And then would the government compensate me as the victim?

This is what happens when Obama goes off the teleprompter - he reveals his true beliefs.


26 posted on 07/15/2012 2:26:10 PM PDT by omni-scientist
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To: Sark
I honestly don’t know if he meant it in a statist way or a pro-labor way. I’d tend to assume the latter, but it could be the former.

I suspect it's the latter, too. With a dollop of consumerism thrown in for good measure. Remember, Obama has several times called for a "bottom-up" recovery. He believes this baloney.

It's true that consumers provide the money that supports a business, but if the entrepreneur doesn't carefully save a portion of his revenues [that is, he must refrain from current consumption,] labor don't get paid and consumers soon don't have a business to buy from.

John Stuart Mill, in the 19th century, wrote that buying goods does not buy labor, meaning that consumer spending does not support the economy. Only capitalists who consciously make the decision to save their proceeds and reinvest in the business can cause economic growth.

That's a concept Obama could never comprehend.

27 posted on 07/15/2012 2:44:39 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Sark. additional: Homosexual agenda: Illegals: Election 2012:
28 posted on 07/15/2012 3:42:05 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Sark; SunkenCiv
According to President Obama, Entrepreneurs Don’t Build Businesses

What the hell does someone who only knows how to destroy businesses know about building them???

29 posted on 07/15/2012 3:50:01 PM PDT by bigheadfred (MY PET TAPEWORM OBIWAN IS AN INSANE MILITARY HATING LEFTIST)
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To: Sark

Obama throws out these idiotic Alinsky sound bites to his adoring crowds and thinks he is so cool and hip.


30 posted on 07/15/2012 4:04:33 PM PDT by mom.mom
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To: upchuck
I also have a small business (Now underwater, thanks to Zero), and just let some people go who had the attitude that "I owed them a good living". Basically, I found out that they had the idea my business was there for them to have a good time, and when the cat was away the mice played. (They were a bit surprised when they were shown the door.)

This attitude is what permeates and is rotting our society. My wife and I put our life savings and every extra hour we have into our business (I still work a day-job too as well in order to keep it going it), and I get this...stuff. I even have clients who consider a signed contract little more than toilet paper when it suits them. Same rotten attitude....

I have contracts to fulfill, and will do so, but am already planning to close the doors when they run out. This will leave several unemployed and a service cherished by many gone. However at this time, I don't care! I am the Little Red Hen, and I have already vowed to stop making bread! I may even consider leaving this country, as I would rather live free in a country that is up front about the way it is rather than being given a song and dance while I am being scr*wed from behind...

If you really think Zero is going to give up power without a fight, you are a dreamer...

31 posted on 07/15/2012 4:30:45 PM PDT by Dubh_Ghlase (Therefore, send not to know For whom the bell tolls, It tolls for thee.)
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To: BfloGuy
“It's true that consumers provide the money that supports a business”

Not necessarily so.
Many manufacturing business must forecast and gamble on
production quantity's.
They must inventory raw materials and parts and invest in equipment (which the government taxes) then produce their products and pay
their labor costs (Labor, insurance and taxes) before
their products are even shipped.

Then they must wait sometimes months before their paid
for their goods.

This is a financial gamble
and why it takes capital to do so.

32 posted on 07/15/2012 4:32:15 PM PDT by DaveTesla (You can fool some of the people some of the time......)
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To: Texas Fossil
You don't believe in the Truth Fairy?

Woe to our economy!

33 posted on 07/15/2012 4:43:48 PM PDT by rawcatslyentist ("Behold, I am against you, O arrogant one," Jeremiah 50:31)
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To: Sark

Now thats funny coming from a low rent scumbag who has built nothing but a shitload of debt of which none of the politicians will ever have to worry about.


34 posted on 07/15/2012 4:48:40 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: Sark

Who made it happen?? Why that unicorn shiteing skittles, that’s who.

0bamatax hitting the crack pipe, again


35 posted on 07/15/2012 4:52:02 PM PDT by Steven Tyler
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To: Sark
“If you’ve got a business — you didn’t build that. Somebody else made that happen.” – President Barack Obama, July 13th, 2012.

Bull, pure BS. You're a lying POS hussein. I watched (and helped) my Dad and Mom build a business out of nothing with their own hands, sweat, and their own capital - no loans whatsoever. That business provided food and shelter for my family, as well as gainful employment for several other people Dad hired on.

hussein, when it comes to business sense you are worse than useless, you have absolutely no clue what makes this Country tick. You have a distorted, parochial view that can't see past the limits of government power. That's why you keep wanting to extend government control. To the rest of us, to the real world, government is an impediment, a life-sucking plague.

36 posted on 07/15/2012 4:57:30 PM PDT by ThunderSleeps (Stop obama now! Stop the hussein - insane agenda!)
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Click the link. The Republic you save may be your own.

37 posted on 07/15/2012 5:06:26 PM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93destr)
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To: Kakaze

It’s a witch method of cursing and making people jump with him in this.


38 posted on 07/15/2012 6:52:10 PM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: bigheadfred

Or anything else, for that matter.


39 posted on 07/15/2012 7:14:41 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: DaveTesla
Many manufacturing business must forecast and gamble on production quantity's.

Absolutely correct, sir. I should have included that point.

Every American is free to work for himself. The ones who save their money or have access to borrowed capital because of their reputation actually do it. An important point.

40 posted on 07/16/2012 3:18:53 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: DaveTesla
This is a financial gamble and why it takes capital to do so.

One more point your comment spurs: Production takes place before demand is manifest. There was no demand for an iPhone before Apple thought of it, designed it, and spent tens of millions, probably more, producing it.

The consumers came after the fact. Try to tell that to Obama and expect him to understand.

41 posted on 07/16/2012 3:24:37 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: BfloGuy
When the the Democrat administration sucked all
the capital out of the market that stalled everything.

Manufacturing is very capital and equipment intensive.
You must have the machinery and materials before you
can hire personnel to manufacture things.

I see that you understand these things but most do not.

They think that government and the tooth fairy create jobs.
It takes money to make money.

Try expanding when there is no credit and all the banks
are operating under a letter of memorandum from the Federal Reserve.

I started to use private capital but they all went underwater.
Things are finally starting to loosen up but for the last
3 1/2 tears we did not expand because the market was depressed
and the capital was not available.

42 posted on 07/17/2012 7:33:04 PM PDT by DaveTesla (You can fool some of the people some of the time......)
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To: DaveTesla
Try expanding when there is no credit and all the banks are operating under a letter of memorandum from the Federal Reserve.

And even if you have your own capital, why would you bother using it if you expect its return to be taxed away by the upcoming fiscal cliff, a President who shows his hatred of free enterprise every day, and the looming health care debacle?

It's bad and getting worse.

43 posted on 07/18/2012 3:08:08 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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