| Obama: Small Business Owners Owe Government For Success |
| Jul-16-2012 |
| Keywords: obama, success, owes government, government created success |
President Obama's comments that implied business owners owe their success to government drawing sharp criticism from Republicans today.
The president made the comment Friday during a speech in Virginia. Obama telling supporters that without government spending on infrastructure like roads and the Internet, their business would not be able to thrive.
Republicans fired back Monday after President Obama suggested business owners owe their success to government investment.
Romney spokeswoman Andrea Saul told FoxNews.com on Monday that the remarks "reflect just how unqualified he is to lead us to a real economic recovery."
"They are also insulting to the hardworking entrepreneurs, small-business owners, and job creators who are the backbone of our economy," she said in an email.
The Obama campaign, however fired back saying that the Romney campaign's latest comments were false attacks aimed at distracting from Romney's ties to Bain Capital and outsourcing of U.S. jobs. Allegations that even some of the president's friendliest publications have debunked.
"As President Obama said, those who start businesses succeed because of their individual initiative -- their drive, hard work, and creativity," LaBolt said in a statement. "But there are critical actions we must take to support businesses and encourage new ones -- that means we need the best infrastructure, a good education system, and affordable, domestic sources of clean energy. Those are investments we make not as individuals, but as Americans, and our nation as a whole benefits from them."
But the president's rationale isn't gaining traction with conservative like Kevin Hassett, an economist with the conservative American Enterprise Institute.
"Obama is trying to create the intellectual space to take money away from people. He's trying to say, 'What you do on the playing field would never be possible without the help of the government,'" he said.
Obama's comment Friday came just days after he urged Congress to extend tax cuts enacted during the Bush administration only to families earning less than $250,000 annually -- part of his argument that top earners have an obligation to pay more to trim the deficit. |
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Posted by Lou Dobbs Staff at 11:00 AM Email to a friend |
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