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Tuesday, July 17, 2012

Those Pesky Entrepreneurs

Last Friday evening in Virginia, president Obama had this to say about higher taxes on the owners of small businesses at one of his campaign rallies:

There are a lot of wealthy, successful Americans who agree with me - because they want to give something back. They know they didn't - look, if you've been successful, you didn't get there on your own. You didn't get there on your own. I'm always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something - there are a whole bunch of hardworking people out there.... If you've got a business - you didn't build that. Somebody else made that happen.

It is hard to imagine a better illustration of the fact that Obama does not understand how the American economic system works. Business owners take risks, work hard, and -- with some luck -- succeed. For the most part, these business owners succeed despite, not because of, the government. These folks are the ones who create jobs, not the federal government. These folks are the ones who made America the richest nation on earth, not the government. These folks are the ones who provide innovation for the economy and better lives for the American people, not the government.

Obama has got to go.

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