Scalise, Trump, Louisiana LIVE

Friday, 20 July 2012 06:49
Obama’s “You didn’t build that” remark demeans small business
Written by 

obama-smileOne of the things I admire most about business people—particularly small business people—is that they have the courage to take risks. Free market capitalism isn’t for the faint of heart. Those folks who take an idea, wrap it in scarce resources, nurture it with hard work, and make it successful will always be special to me. Risk is the very crux of any free enterprise system that isn’t adulterated by government-sponsored crony capitalism. The vast majority of small businesses don’t get a subsidy, a preference, or a government-backed loan. They sink or swim on their ability to create a product or service that others are willing to buy and to manage a business successfully in a growing maelstrom of government regulations and mandates.

Successful small business owners who grew their businesses take great pride in the fact that they started with next to nothing and made something out of it. Those individuals undoubtedly felt misunderstood and belittled by remarks President Obama made recently at a campaign stop in Virginia.

“If you’ve got a business, you didn’t build that. Somebody else made that happen,” the president told the crowd at a fire station. The kindest interpretation of President Obama’s remarks is that he was noting that each of us benefits from education, fire and police protection, and public infrastructure—and that is generally true. But to take that generalization and turn it into “somebody else made that happen” indicates a gross misunderstanding of the ingenuity, industry, and willingness to take risks that are the critical ingredients in creating a successful small business.

In the president’s view, government is the force that moves the wheels of the economy and in doing so it must ensure that businesses are appropriate tools of social justice and an instrument for reallocation of wealth. I can understand how he came to believe that and how passionate he is about his belief. I only wish that he would temper his view of the economy with a greater understanding of how economics actually works. The government redirects wealth, it doesn’t create it. It takes resources from the private sector to fund public initiatives. If the private sector stops developing the resources, the public sector experiences exactly what is happening today.

Small businesses understand the real marketplace. They live in it. They respect consumers’ needs and desires. They don’t have the authoritarian power (nor do they want it) to force choices on consumers that they don’t want. Small businesses understand and respect the symbiotic relationship they have with their customers: both benefit from each other in a voluntary relationship. Unfortunately, President Obama and many in government don’t comprehend that concept. In their view, government determines the “common good” and trumps the freedom of economic choices in the quest for social justice.

by Dan Juneau, President and CEO of Louisiana Association of Business & Industry

 

 

Join Our Email List
Email:  

 

 

Login to post comments
  • Despite 5th plea, Schiff says House Intelligence Committee pursues Flynn's documents
  • Facebook Live: Discuss harm of Trump budget proposal on Louisiana coastal economy, restoration
  • Governor Edwards welcomes Pence with Medicaid, budget, Louisiana coast wishlist
  • World Premiere tonight in N.O. Bilderberg, the Movie

flynn2Despite General Michael Flynn’s announcement via his counsel that the General and former head of National Security, would take the 5th Amendment in Congressional proceedings, the Intelligence Committee will pursue information, regardless.

Read More

560 usgs land loss map 2The efforts to rebuild the Louisiana coast has suffered a major and immediate setback, assuming that Congress goes along with the most recent budget proposal from President Trump.

Read More

penceToday, Governor John Bel Edwards welcomed Vice President Mike Pence to Louisiana as he Veep is attending a event with top Louisianqa Republican officials. Along with the welcome, however, is a wishlist of requests including an item of recent vinctage involving the current Trump budget which tears a hole into the funding for the Louisiana coastal restoration. 

Read More

bilderbergIt is always an honor when a movie premiere is held in New Orleans and tonight is no exception. At 7:30 p.m. Bilderberg, the Movie will premiere at the historic Prytania Theatre, 5339 Prytania Street.

Read More

latter-blum2

Sen. Appel talks budget, economy

TRUMP TALK

Dead Pelican

Optimized-DeadPelican2 1 1