The fallout continues to build from President Obama’s anti-business speech in Virginia last weekend, and it is clear that it will become the major philosophical issue of the campaign going forward. But there is another way of looking at the President’s screwed up, anti-business, anti-prosperity words.
In the speech, he promoted the idea that business relies on government in order to succeed. There was a healthy strain of “you owe me” lecturing taking place in the President’s scolding of small business owners. And obviously, few people (including those business owners) would disagree or argue that there are services the government provides – building roads, bridges, maintaining the police and fire departments – that assists the private sector.
That’s why small businesses pay taxes – a lot of them, in fact. Contrary to the President’s ignorant and incessant suggestion that these “wealthy people” (try paying for all the costs associated with running a small business for a year on $250,000 and see if the amount you have left over for yourself puts you anywhere close to miser territory) aren’t paying their fair share of taxes, almost the entirety of the federal tax burden rests on their shoulders.
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But what shouldn’t be missed is the flip side to this. It’s the part the President doesn’t talk about. Rather than focusing on how much the business community needs the government, why don’t we acknowledge, Mr. Obama, how much the government needs the business community? After all, for each and every one of those grand government projects that you tout as the height of American success and ingenuity – the Hoover Dam, landing on the moon, the internet, splitting the atom – what was funding it? Why, tax dollars from the private sector, of course.
Perhaps someone needs to lecture Mr. Obama that government didn’t get where it is on its own. Somebody helped them along the way. And those somebodies are the very ones that the President demonizes, castigates, and portrays as the greedy obstacles to American economic growth and prosperity. Without the growth and success of the private sector, tax revenue dries up. And without tax revenue, government can’t do anything short of borrow money from China – which certainly has been this President’s cash cow.
If Mr. Obama paused long enough to think about the idiotic words he was spewing forth he would realize how upside down they truly are. Rather than disdain and hostility expressed to those funding his massive bureaucracy, as well as his golf outings, fundraising trips that are passed off as presidential visits, and expensive vacations, there’s nobody that should be expressing greater gratitude for them.