Obama Tells Entrepreneurs “You Didn’t Build” Your Business

Miscellaneous Current Events
21

‘UTTER LACK OF UNDERSTANDING’: BI-PARTISAN BUSINESS GROUP FIRES BACK AT OBAMA‘S ’YOU DIDN‘T BUILD YOUR BUSINESS’ SPEECH

“What a disappointment to hear President Obama‘s revealing comments challenging the significance of America’s entrepreneurs,” NFIB President Dan Danne said in a statement to Mail Online.

“His unfortunate remarks over the weekend show an utter lack of understanding and appreciation for the people who take a huge personal risk and work endless hours to start a business and create jobs,” he added.

“They know that hard work does matter,” he added. “Every small business is not indebted to the government or some other benefactor. If anything, small businesses are historically an economic and job-creating powerhouse in spite of the government.”

http://www.theblaze.com/stories/utter-lack-of-understanding-bi-partisan-business-group-fires-back-at-obamas-you-didnt-build-your-business-speech/

22

how many business got there

without using puplic

-roads

-education ( consumers and employees)

-internet

-registration as a company from the government with speacial privaliges that individuals don’t have

-utilities

-law

the enterprenour builds the business, but they don’t build it alone isolated from government in the majority of cases. many business use usa law at their backs to give limited liability. those that choose to use the government did not build it alone, those that choose not to use the government can have more of a claim to building it alone and inspit of government interferance

23

How many

-roads

-education [institutions] ( consumers and employees)

-internetz

-registration [facilities]

-utilities

-laws

got there without the wealth generated by businesses and the people they employ?

24

thank god theyve let us live! I owe them my life.

25

"how many business got there

without using puplic

-roads

-education ( consumers and employees)

-internet

-registration as a company from the government with speacial privaliges that individuals don’t have

-utilities

-law

the enterprenour builds the business, but they don’t build it alone isolated from government in the majority of cases. many business use usa law at their backs to give limited liability. those that choose to use the government did not build it alone, those that choose not to use the government can have more of a claim to building it alone and inspit of government interferance"

Plenty, because the government had to first confiscate the wealth of existing businesses before it could go around taking over such industries, crowding out competition, and then taking credit for it all. You’ve got your process reversed. Wealth has to be created before it can be spent, even by the government. Claiming the government enables businesses to grow is like an art thief claiming credit for a Picaso painting.

26

No kidding, even the lowly pencil isn’t built alone! This is a debate that we (libertarians) want to have because we are the champions of social harmony and cooperation. It is the statists who believe that people can’t get along without the government smacking them over the head with a nightstick all the time.

Clayton -

27

now a meme I’ve seen on facebook:

28

so this is getting to chicken and egg

it took private citizen to create government

part of what the citizens did was create law for the government to run

part of the law created limited liability and corporations and all that unnatural entities that don’t exist outside of law.

the relationship between government and business is simular to that of a business and customers. a business is a customer of government.

business don’t grow without customers

are there legal entities without government? can a person go to a private company and register a corporation that then gives them all the privaliges of a corporation and all the limited liability that a corporation has?

the privaliges government gives to corporations, such as limited liability and copywright, have encouraged investers beyound what would happen in a world where everyone was fully liable.

in a mixed economy, there are certainly business that contract with governments and grow that way. we have business with private gain and socialised lose with bailouts. some enterprenours and business depend more on government than others.

then there is putting the military factor in the debate. without the usa military, the world would be a different place, i doupt that the geography would not be controlled by another state if not for the usa military.

there are people that see some of government costs as investments, rather than stolen money.

there are places without a government, i don’t see a private registration business there where all the corporations are flooding to in order to register there, but i am seeing business registered in other governments that have less taxes than usa

i think the type of enterprenourships is a factor here. some business types don’t depend on government, but other types of business are fictional entities created through government registration.

29

Nope. Private production necessarily must precede public consumption. Government - for all its supposed magic powers - can’t steal something that has not yet been produced.

Clayton -

30

You defend the indefensible. Take that picture of Nietzsche off as your default, you are paying him an ingratitude by offering up such apologist notions in defense of statism. No matter the evil, it is still evil. Why do you AnCaps always feel the need to qualify something by making a stupid comparison? You can’t critique a democrat without mentioning that you would also critique a republican. Who gives a shit? Like I said, corruption is corruption, and evil is evil, all without petty comparisons. You are simple minded, apparently.

31

Not only are entrepreneurs using the nations resources, food stamps help the economy. Entrepreneurs are arrogant resource consumers. Food stamp recipients are economy builders. According to the most powerful man in the world…

Obama’s Secretary of Agriculture Tom Vilsack: “Well, obviously, it’s putting people to work. Which is why we’re going to have some interesting things in the course of the forum this morning. Later this morning, we’re going have a press conference with Secretary Mavis and Secretary Chu to announce something that’s never happened in this country – something that we think is exciting in terms of job growth. I should point out, when you talk about the SNAP program or the foot stamp program, you have to recognize that it’s also an economic stimulus. Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity. If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It’s the most direct stimulus you can get in the economy during these tough times.”

http://www.realclearpolitics.com/video/2011/08/16/obama_ag_secretary_vilsack_food_stamps_are_a_stimulus.html

Government sponsored ad promoting the benefits of foodstamps:

http://www.youtube.com/watch?v=u1nv8G6UFfc

32

I could just imagine us shipwrecking on an island in the middle of nowhere and everyone scurrying about, building shelter, fire, hunting for food and water and I just sit there, “I’m helping this economy out because I want food, shelter, fire and water. Now hurry it up.” I would be like Obama’s idol or something. Cool.

33

private production is different from a corporation and other limited liability entities that are government created.

government created, first company to create stock

its different from a couple of individuals tradings carrots for turnups.

the history of corporations started with government

34

No business inherently relies on government. To claim we owe the gov something because they, for instance, have a monopoly on the mail system and roads–two things that can be privately provided but that the gov uses to coercion to prevent, is to confuse the issue utterly.

35

Brit Hume On Obama’s View Of Business: “Explains Nearly Everything”

36

But not stock-shares, which is the part of corporations that is actually good. I find it amazing that you actually praise the limitation of liability.

Clayton -

37

How do you think corporations originally got their start? They weren’t government actions, they were basically wealth protection via fraud.

What you would do is claim the owner of the business as a made up person, let’s call him Smith. Everyone involved in the business their money with Smith, even though he doesn’t exist. If the corporation goes belly up, the creditors get directed to the made up person, Smith, whom of course cannot be found, and thus everyone who invested has plausible deniability and no further financial liability.

Later the law caught up to what was happening and made it legal. It had been happening for so long on the sly, and resulted in such amazing wealth production, that it went mainstream and gained legal acceptance.

Limited liability corporations could still exist without a government as well, even in modern day, established by contract.

Bull.

38

His rationale is intellectually dishonest.

If you have the power of the masses behind you, you can take anything you want from anyone you want. Period.

People have options. They can try to leave and pay their taxes to some other organization or perhaps to no one. They can stay and try to elect people who won’t tax them as much or they can rebel and try to overthrow the existing organization and replace it with a new one. I’m sure there are other options but these are just some that come to mind.

39

if this guy gets into office again and doesnt have to worry about re-election, theres no telling what he’s capable of. Any of you guys have any ideas or speculation on this?

40

“A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members”

what is the true definition of a corporation and the true history if that is bull? what is the source of the “smith” history? the “smith” corporation is not like the government granted corporation that usa has.