Wednesday, July 25, 2012

"You Didn't Build That"

We're appalled, yet not completely surprised, by President Obama's recent comments about business owners and how they are not responsible for their own success.

Plenty has been written on this, so we're not going to recant all of the obvious lessons learned from this insight into President Obama's view of the private sector, but we did want to revisit our previous post - "Ask Not What Your Country Can Do For You..." - as President Obama's remarks only serve to amplify our point. 

In the post we note that, "Politicians run around bragging about all the things they will make the country do for you, without a peep about the things you should be doing for your country."

President Obama's "You Didn't Build That" moment is possibly the perfect example of this critique as it absolutely turns JFK's memorable and powerful quote on it's head.  He could have also said, "Ask not what you can do for your country, but what your country can do for you" without losing any meaning to his pathetic rant against the entrepreneurs that power our country's economy.

One last thought...where's Warren Buffett now? 

We all know Mr. Buffett loudly agrees with President Obama's tax plan (aka, the "Buffett Rule"), but it would be interesting to hear whether he agrees with President Obama view that Mr. Buffett didn't built his conglomeration of wildly successful businesses...


  1. A great piece on this subject in Bloomberg's View:

    "The president was needlessly insulting. He wasn’t just calling on successful people to pay more in tax but was being dismissive of their accomplishments."

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