President Obama opened a controversy when he made the following comments during a campaign stop at a fire station in Roanoke, Virginia:
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.
That was news to a lot of business people and entrepreneurs who actually have built their own businesses, many from scratch, many without the benefit of any government research or support. We wondered where President Obama may have gotten the idea businesses were so completely dependent upon the government to even be in business.
And then, it came to us! We remembered that two of the biggest business basket cases of President Obama's tenure in office are represented by General Motors and General Electric! Neither one of these companies is capable of existing without significant government support, as both are highly dependent upon government contracts, subsidies, mandates and special protections for their revenue.
In fact, both businesses are so dependent upon the federal government for their cash flows that they have effectively become junior partners or subsidiaries of the federal government. As a result, rather than recognizing that his proper role as President involves running the federal government and not setting the agendas for America's businesses, President Obama instead views himself as the CEO of America's crony capitalists.
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