Posts Tagged ‘public sector’
President Barack Obama spoke at a campaign event in Roanoke, Virginia on Saturday. It was a long and typical speech, but he wandered into some territory I haven’t heard from him before.
We know that he views the economy differently than most Americans – he clearly separates the private sector with the public sector. He truly believes that more government spending to hire more government workers is actually economic growth.
And this speech offers a little more insight into Obama’s outlook. The most stunning line was this: “If you’ve got a business — you didn’t build that. Somebody else made that happen.”
So for all of those hard-working folks who created a business, you really didn’t do anything.
Here is the section of the speech:
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. (Applause.)
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.
The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires.
His notions of the economy would be funny, if the consequences of him winning a second term weren’t so dire.