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President Obama: "If You've Got A Business - You Didn't Build That. Somebody Else Made That Happen"

Tyler Durden's picture




 

Presented without commentary (highlights ours)

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.

 

So we say to ourselves, ever since the founding of this country, you know what, there are some things we do better together.  That’s how we funded the GI Bill.  That’s how we created the middle class.  That’s how we built the Golden Gate Bridge or the Hoover Dam.  That’s how we invented the Internet.  That’s how we sent a man to the moon.  We rise or fall together as one nation and as one people, and that’s the reason I’m running for President -- because I still believe in that idea.  You’re not on your own, we’re in this together.  (Applause.)

Source: White House

h/t Jamesr79

 

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Sun, 07/15/2012 - 14:35 | 2617922 blunderdog
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This is one of those things that sounds so cool and I can't imagine how it's supposed to make sense.  The government is just another business.  It has certain self-defining characteristics which are very powerful (being able to change laws and seize land and shuffle the money supply), but IF there is such as thing as "producing" *anything*, I've yet to hear someone explain how the line is drawn at "government."

A guy growing potatoes in his back yard and selling them is only taking stuff that comes out of the ground and collecting money for it.  That's "producing" something, right?

What is it exactly that prevents a town mayor from doing the same thing and adding that money to the budget for a local public pool?  What if that were simply part of the job of being mayor?

Sun, 07/15/2012 - 22:56 | 2619218 Dr. Sandi
Dr. Sandi's picture

My mayor wouldn't know how to plant potatoes. Pot, maybe.

The question of productivity in the situation above is whether the potatoes would be grown or not without mayoral oversight. My suspicion is yes, assuming somebody is hungry for potatoes.

Mon, 07/16/2012 - 13:12 | 2620765 blunderdog
blunderdog's picture

Nah, that's a completely different claim.  My point is that the initial claim just doesn't make sense.  There are other different claims that do make sense, and I guess if you want to talk about those, go on with your bad self.

Wed, 07/18/2012 - 06:41 | 2627356 Dr. Sandi
Dr. Sandi's picture

Sorry, I missed the point the first time.

Hell yeah, give the money to the pool fund. We all love a good dip once in awhile.

 

Sun, 07/15/2012 - 12:08 | 2617397 ItsDanger
ItsDanger's picture

Does Obama still deny he's a socialist?  Every pt he makes is government. 

Sun, 07/15/2012 - 13:18 | 2617642 falak pema
falak pema's picture

so were JFK and FDR; socialists. And they were much better at  making the country work than the lot from 1964-2012. 

Words and reality; the USA in general and the ZH crowd in particular has a problem with ideology and denial of reality. 

Its always been a question of trade-off between "common wealth welfare state" and private enterprise. You can debate about where the cursor should position itself on the sliding scale : govt spending as % being 20%-40% GDP, as historical range. Can't have a NATION any other way in rule of law. Its the rule of law and the observance of general good that has broken down in USA increasingly since 1964, both by actions abroad and at home. And its increasingly been to promote the wealth of the rich and powerful. Those are facts and 99% of americans have to understand that they have to refind "general good" and "rule of law" by having GOOD HONEST GOVERNMENT. Forget this socialist vs entrepreneurial sterile debate. That is NOT the issue in USA today. 

There is endemic debt and it has to be diminished. There are ONLY two ways government can do it : diminish spending and increase taxes. Given the mega debt it will be BOTH. Period. Over and out. 

 

Sun, 07/15/2012 - 14:44 | 2617945 Everybodys All ...
Everybodys All American's picture

FDR was. That's how we ended up with Social Security. Not JFK. He would actually have to run as an independant if not republican today. Read some of JFK's beliefs and though Teddy is an avid socialist you would not come away with that same impression with John.

Sun, 07/15/2012 - 15:21 | 2618013 falak pema
falak pema's picture

I beg to differ, look at the marginal tax rates during JFK's years...it says it all on this issue of government spending. 

And, on a more philosophical plane, if you assume that JFK was sincere in his seminal discourse at becoming president : "Ask not what your country can do for you but what you can do for your country"...is a plea for 'the best and brightest' to adhere to 'socialist' values in your eyes, aka serving the state! 

The idea of general good died in the mystique of libertarian USA when RR said : the State is not the solution but the problem!

Sun, 07/15/2012 - 16:47 | 2618320 Everybodys All ...
Everybodys All American's picture

JFK cut taxes if my memory serves me in order to stimulate the economy. Knowing lower rates actually bring in more revenue.

www.youtube.com/watch?v=aEdXrfIMdiU 

Sun, 07/15/2012 - 15:23 | 2618074 blunderdog
blunderdog's picture

      There is endemic debt and it has to be diminished. There are ONLY two ways government can do it : diminish spending and increase taxes.

So you say, but I do believe there are secret plans being drawn up to collect it all in Nevada and blow it to smithereens with a thermonuclear-powered laser of pure antimatter.

Sun, 07/15/2012 - 22:58 | 2619223 Dr. Sandi
Dr. Sandi's picture

Not having been to Nevada for a few years, I can only take it on faith that this hasn't already happened.

Sun, 07/15/2012 - 12:10 | 2617401 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

Quoting ABG LINE above: "FUCK YOU OBAMA! MOTHERFUCKER!" Change To:

"Obama Fucking Hates All You Entrepreneur Mother Fuckers" [there, fixed it for ya]

Sun, 07/15/2012 - 12:10 | 2617405 monad
monad's picture

The Mass Psychology Of Fascism by Wilhelm Reich, who was coincidentally, also imprisoned for his ideas - in America 

Sun, 07/15/2012 - 14:54 | 2617970 Moe Howard
Moe Howard's picture

Not for his ideas about facism.

Sun, 07/15/2012 - 18:30 | 2618636 monad
monad's picture

He said people who are not sexually healthy end up in government. Who'da thunk it?

Sun, 07/15/2012 - 12:10 | 2617407 Sisyphus
Sisyphus's picture

Life, liberty and the pursuit of happiness!

Sun, 07/15/2012 - 12:12 | 2617410 Vint Slugs
Vint Slugs's picture

Tyler,

You would do everyone here at ZH a great service if you were to post in its entirety George Reisman's recent open letter to Warren Buffett.  It's a long read but well worth everyone's time.

Find it here:  http://georgereismansblog.blogspot.com/2012/07/open-letter-to-warren-buffet-on-subject_12.html

Sun, 07/15/2012 - 18:36 | 2618657 monad
monad's picture

Compare that to this:

The Autobiography of Mother Jones

See if the patterns described in these two tomes align.

 

Sun, 07/15/2012 - 12:13 | 2617411 digalert
digalert's picture

Where did president Barack Kardashian get his? He sure as hell didn't pay for it.

Sun, 07/15/2012 - 12:59 | 2617412 Everybodys All ...
Everybodys All American's picture

I have been warning that Obama would run as a socialist more and more in this election. He no longer feels the need to hide it and in doing so is foretelling in my belief a more radical agenda in the next four years. This speech is so anti-American I wonder sometimes if I'm dreaming because it is so different and so dangerous. I'm fifty two years old and I've heard alot of political speeches in my lifetime and I never thought this kind of speech would play well in my country. I'm starting to think I'm wrong and that a majority of people really want this kind of country. Elizabeth Warren gave this same speech a few months ago fyi.

We are heading down the wrong path and that is very clear to me.

Sun, 07/15/2012 - 15:08 | 2618022 Lednbrass
Lednbrass's picture

It only plays well in certain parts of the country, I think it is naive to the point of insanity to speak of the "United" States as a nation. It is nothing but a slogan at this point, united only in subjection to an insane government and two gangs masquerading as political parties vying for control. At this point we could make 2-4 decent countries that could live as they chose, as it is we will drown lashed together.

In the North, New England, and on the Left Coast this sort of thing is considered sophisticated; in the South and non-coastal West it makes people eye up their gun safe. An amicable divorce is probably best at this point before it gets really ugly.

Sun, 07/15/2012 - 12:12 | 2617413 Tom Green Swedish
Tom Green Swedish's picture

Glad he is giving credit where credit is due.  My ancestors where here when it was nothing on boats nobody would dare get on today and sail across the Atlantic. 

 

And they made the trip back and forth several times.  Barry's Kenyan dad came for a free Affirmative Action Handout at Hartard on an airplane.  Same goes to all the Hindus and other shitheads who come here to make some shit computer program or the latest failure in medicine.  Go back home. We don't need you here.

Sun, 07/15/2012 - 12:23 | 2617459 Oh regional Indian
Oh regional Indian's picture

Jingoism, racism and blame the different one-ism... Tch...tch.... it's your "leaders" Stupid. YOUR leaders.

ori

Sun, 07/15/2012 - 12:43 | 2617529 monad
monad's picture

"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." Theodore Roosevelt

There will be a full accounting.

Sun, 07/15/2012 - 12:30 | 2617480 Oh regional Indian
Oh regional Indian's picture

Jingoism, racism and blame the different one-ism... Tch...tch.... it's your "leaders" Stupid. YOUR leaders.

ori

Sun, 07/15/2012 - 12:41 | 2617525 monad
monad's picture

1631, when it was safer on the leaky boat. Served in every military campaign from that time. 

Sun, 07/15/2012 - 12:12 | 2617415 ThisIsBob
ThisIsBob's picture

Likely the only economic activity Obama has ever engaged in is balancing his check book - if that.

Sun, 07/15/2012 - 12:14 | 2617418 Flakmeister
Flakmeister's picture

A fact lost on many, is that a measure of your success depends on the infrastructure in place, whether it be physical or more abstract, e.g. rule of law...

If you do not invest and maintain that infrastructure, you are doomed as a society....and we basically stopped 30-40 years ago with one excpetion....

It is no surprise that many wealthy people that decry public spending on infrastructure are in a position where they no longer rely on upon its existence as they now have the means to be "self-sufficient"..... 

Sauve qui peut!

Sun, 07/15/2012 - 12:21 | 2617455 Hulk
Hulk's picture

Agreed. especially considering how much money has been thrown at the TBTF...

Sun, 07/15/2012 - 12:35 | 2617501 i-dog
i-dog's picture

Idiotic comment.

Any community that needs infrastructure will band together and build that infrastructure. Entrepreneurs will devise infrastructure and other entrepreneurs will raise investment from the community to get it built. Governments just get in the way and restrict competition of ideas.

 

Sun, 07/15/2012 - 12:43 | 2617531 GeneMarchbanks
GeneMarchbanks's picture

Governments just get in the way and restrict competition of ideas.

 So there! 

Sun, 07/15/2012 - 12:47 | 2617545 SmoothCoolSmoke
SmoothCoolSmoke's picture

Yeah the old Government built inter-state highway system really got in the way of commerce didn't it?  Not nearly as effective as the privately built rail freight system.  I mean only 80% of the freight in this country moves over-the-road and.......  opps!

Sun, 07/15/2012 - 13:30 | 2617682 monad
monad's picture

AmTrak. If you actually study the history of transportation in America you will find the same government cronyism at work as everything else it poisons. Major General Smedley Butler nailed it, but as you like choo choos, I suggest you start with Colis P Huntington.

Sun, 07/15/2012 - 13:49 | 2617763 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

Yeah the old Government built inter-state highway system really got in the way of commerce didn't it?

 

Have you ever noticed the ghost towns left behind when the interstates passed them by?  And did you know that the interstate highway system was subsidized and lobbied for by automotive and construction industries who wanted to sell more of their products? It's just another example of special interests engineering public policy in a way to benefit themselves at the expense of others.

Sun, 07/15/2012 - 16:45 | 2618313 SmoothCoolSmoke
SmoothCoolSmoke's picture

There are only 2 questions here:

1.  Did the Interstate HIghway System help business in the US?

2.  Could it have been built without Government involvment?

The answers, are yes, and no.

 

 

Sun, 07/15/2012 - 16:56 | 2618348 CrockettAlmanac.com
CrockettAlmanac.com's picture

There are only 2 questions here:

1.  Did the Interstate HIghway System hurt some businesses in the US?

2.  Could it have been built without Government involvment?

The answers, are yes, and yes.

 

Sun, 07/15/2012 - 12:47 | 2617548 Flakmeister
Flakmeister's picture

Do you actually believe the shit you write? I mean it sounds really nice at farming village level but it sure as fuck don't scale...

The Internet is a classic class of why your last statement is full of shit... those "entrepaneurs" would love to carve up a beautifully functioning monolithic system into a number of private fiefs where thay can monopolize and discriminate...

Sun, 07/15/2012 - 13:45 | 2617744 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

Do you actually believe the shit you write? I mean it sounds really nice at farming village level but it sure as fuck don't scale...

 

There are global black markets which generate trillions of dollars in profit annually. Seems like extragovernmental oragnization scales quite well.

Sun, 07/15/2012 - 14:15 | 2617860 Flakmeister
Flakmeister's picture

Trillions in profits eh? With stuff like this you only reinforce the image that you are numerically illiterate...

And what the fuck does what you just wrote have to do with anything being discussed?

Sun, 07/15/2012 - 15:13 | 2618041 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

Trillions in profits eh? With stuff like this you only reinforce the image that you are numerically illiterate...

 

Numerically illiterate? You appear to literally illiterate. Please have your remedial reading instructor help you with the following:

 

New UN report says criminals may have laundered $1.6 trillion in 2009

http://www.un.org/apps/news/story.asp?NewsID=40189

 

And what the fuck does what you just wrote have to do with anything being discussed?

 

You claimed that only government can organize an enterprise on a large scale. You were wrong. As usual.

 

 

Sun, 07/15/2012 - 16:24 | 2618256 Flakmeister
Flakmeister's picture

1.6 trillion is less than trillions...

Trillions is plural implying at least 2 trillion...

Also note the presence of "may" and you imply that the organization is monolithic...

And now the UN is a source of reliable information?  Make up your mind...

A classic cherry picking of facts on your part...

And where did I imply the gubbmint can be the only one? You seem to create shit out of thin air....

 

Sun, 07/15/2012 - 16:41 | 2618304 tmosley
tmosley's picture

Whimper about your failure a little more there, flappy.

$1.6 trillion in money laundering ALONE does not illustrate the full extent of the world's unofficial economy, but it certainly does illustrate the approximate scale of it, a scale which you were certain was an extreme exageration two posts ago.

Sun, 07/15/2012 - 17:01 | 2618363 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

And where did I imply the gubbmint can be the only one? You seem to create shit out of thin air....

 

So do you agree that large enterprises can be successfully run outside the control of government or do you not? Please try to answer in less than the five standard ballet movements.

 

Sun, 07/15/2012 - 15:25 | 2618086 blunderdog
blunderdog's picture

      Any community that needs infrastructure will band together and build that infrastructure.

Sounds like you're implying that one inspired entrepeneur can't do it by himself.

What are you, a commie?

Sun, 07/15/2012 - 16:43 | 2618309 tmosley
tmosley's picture

Sounds like you don't understand the difference between voluntary and involuntary.

Perhaps we can have Bubba, the 350 pound homosexual rapist introduce you to the concept?

Sun, 07/15/2012 - 17:58 | 2618518 blunderdog
blunderdog's picture

I know Bubba.  He's all right, he's just not really interested in me, I'm neither smooth nor hairy enough.

(Neener neener.)

Sun, 07/15/2012 - 13:22 | 2617655 monad
monad's picture

We decry the extensive and unpunished corruption of the unaccountable, extensively larcenous government and their crippling, artificial restrictions that thwart economic growth. You want to strangle me with regulations, then if I am still able to produce, appropriate all my profits, give the fruits of my labor to my competition and all your freeloading friends, and declare me a criminal if I refuse? My time is better spent circumventing your criminal syndicate.

"Rich people are not the cause of a robust economy, they are the result of a robust economy." Ron Garrett

 

 

 

Sun, 07/15/2012 - 12:14 | 2617420 sosoome
sosoome's picture

"Giving" (once a charitable virtue), has been relegated to the ash heap of history and replaced with "giving back" (an act of reciprocity). Even our limp livered 501c3 churches have joined the party.

 

(sorry to bore you with the obvious, but someone has to do it)

 

 

Sun, 07/15/2012 - 13:25 | 2617679 monad
monad's picture

"Giving back" something you were never given in the first place, at gunpoint? Sorry to bore you with the obvious, but you're missing the point, slave.

Sun, 07/15/2012 - 14:36 | 2617925 sosoome
sosoome's picture

Maybe I was too oblique, because I don't think you understand my point, which has to do with who controls language (definitions), controls, and in this case, very successfully.

Sun, 07/15/2012 - 15:54 | 2618167 monad
monad's picture

Apparently to terse because I still don't get it. He's a politician, of course he's lying. He lies to himself. Everyone lies to him, and about him. He's just a decoy for the real power, a distraction. While you're listening to this fraud his friends are pillaging the world and leaving IOUs for their crimes in our name.

Don't listen to them, watch what they do. The outcome is the only truth. 

Sun, 07/15/2012 - 12:14 | 2617421 jack stephan
jack stephan's picture

Just put a grocery bag over his head and stick him in a closet and turn out the lights and remove the bulb.I guess he's right about one thing, he didn't get to we're he is without his assassins killing off all the gay whistleblowers during his political career, stay classy cardboard stooge.

Sun, 07/15/2012 - 12:14 | 2617422 Snakeeyes
Snakeeyes's picture

More of Elizabeth Warren's BS. The Cherokee Maiden.

Sun, 07/15/2012 - 12:16 | 2617423 falak pema
falak pema's picture

team players and solo players; existential problem. That lady Elizabeth  Warren says the same thing. She has high cheek bones, he has flared nostrils. I think its all a question of physionomy; those who say-- be a team player. The solo players have tight nostrils, small hips, tight butts, thin lips and all smoke Marlboro like in the iconic pioneer image. I am thinking Barnhardt type woman as opposed to Warren type. Romney is fine as tight fisted solo. Mormon or no mormon, he likes his drinks shaken hard.

Ain't that a page out of fascism. Need a long swig at the chilled stuff! These posts are getting rougher and rougher. Who cares about logic, its all gut feeling and its all hanging out! 

We are in hill-billy country! I'm hanging in there on my mojave indian saddle, like a one eyed jack. 

Sun, 07/15/2012 - 12:17 | 2617429 Heroic Couplet
Heroic Couplet's picture

Obaman's right: how many successul business start with one employee and at the end of several decades still have only one employee? None. Even the PFG hedge fund, or whatever it was called, had more employees than the failed CEO and his son who was intended to be the recipient of whatever trust fund was being created.

Bet if you look back at all the bullcrap military spending and the spending for NASA, there is verbiage about public/private usage and partnerships.

Sun, 07/15/2012 - 12:16 | 2617430 Snakeeyes
Snakeeyes's picture

The housing market is in its horrible shape today BECAUSE of government intervention (Clinton's National Homeownership Strategy, Fannie Mae, Freddie Mac, FHA, Barney Frank, Holder, Obama,)

http://confoundedinterest.wordpress.com/2012/07/14/is-the-housing-bust-over-or-in-purgatory/

Wed, 08/01/2012 - 12:42 | 2618344 Turin Turambar
Turin Turambar's picture

Meltdown by Tom Woods is the best book out on the cause of the housing bubble and economic collapse.

I highly recommend it.  BTW, if you're a lefty, statist apologist, you're not going to like it one bit.

Sun, 07/15/2012 - 12:17 | 2617431 world_debt_slave
world_debt_slave's picture

O is talking about shared pain to bailout the banks and his political cronies.

Sun, 07/15/2012 - 12:18 | 2617440 Winston Churchill
Winston Churchill's picture

Well,that statement has finally made my decision  for me.

If he gets re-elected I'm out of here.

I will take MY skills which create wealth and employment for others,

elsewhere.

Fortunately  they are in demand elsewhere.

I will go Galt.

Period.

Sun, 07/15/2012 - 18:44 | 2618611 Diet Coke and F...
Diet Coke and Floozies's picture

I think he will be reelected but only because he presents better and gives better speeches than Romney.

Sun, 07/15/2012 - 20:33 | 2618856 poor fella
poor fella's picture

Hahahahaha!!!! Yeah baby!! Do it!

More like going 'James and the Giant Peach'! Carried away by Jonathan Livingston Seagull and silkworm thread through the thunderous clouds of angry gods.

Whatever.

You'd better leave now because they are both a a couple of pro-globalist fuckheads -bought and paid for by Fortune-500....

If it made a fucking difference, if THAT person is elected - IT DOESN'T - SO PREPARE ACCORDINGLY. This 'Galt' horseshit is getting silly. Loved the story btw.

'if' this and that was the point of the article. Time to 30-06  corporate leaders and mono-duo-opoloies everywhere. Make it scary to be a destroyer. And those 'just doing their jobs' in riot gear, are going to have to pick a side. Especially when their families and neighbors are standing in front of their shields and billyclubs.

Sun, 07/15/2012 - 20:46 | 2618919 poor fella
poor fella's picture

My point about all this (realizing I sound like an ignorant asshole) is people need to EITHER - fight the system OR LEAVE. And I don't think ANY OF US should leave!

Globalization and financialization are destroying humanity around the globe... We're almost to the point where a 'told you so' is in accord - and I want very badly to be wrong.

Maybe the seas will die first and everyone can find common cause trying to repair THE OCEANS - hmmm, pretty shitty 'best case scenario'.

Mon, 07/16/2012 - 05:28 | 2619546 Winston Churchill
Winston Churchill's picture

If you had read Atlas Shrugged your comment makes no sense.

Try reading it.

Mon, 07/16/2012 - 13:03 | 2620580 poor fella
poor fella's picture

I read it more than once, as well as The Fountainhead, 'Selfishness', etc., etc.

Our titans of industry and geniuses of finance start to believe they are indispensable (and what's that about indispensable men?) - that's who needs a good fight. It's the hard-working, realistic, capable people that need to say something. The world has become Atlas Shrugged turned on its head. BIG BUSINESS == BIG GOVERNMENT. For every 1 person in AS that left, we need 100k people to stand up to this bullshit and fight.

If you are referring to 'leaving' by not participating in consumerism, pulling money from banks, etc. I'm all for it -  but this pro Atlas streak has almost turned into a corporate apologist meme as if anyone with a job is sucking from the teet.

Would Meg, Immelt, Fiorina,  Grasso, or Geithner be invited to the valley? Fuck all of them. Globalization has failed - but instead of admitting that - we'll all be dragged into the grist mill.

If the Bilderberg conference were to experience a dirty bomb - would the world end or be better off? 

 

Sun, 07/15/2012 - 12:19 | 2617441 icanhasbailout
icanhasbailout's picture

It appears that the job of candidate for President means being so odious that people will vote for the Devil himself in order to defeat you.

Sun, 07/15/2012 - 12:20 | 2617448 Theta_Burn
Theta_Burn's picture

A true WTF moment...was the sent of marijuana wafting through the breeze and a bunch of negro's and/or retards dancing and praising a free full tank of gas and a chicken in every pot?

Does this apply to the oh so productive muti-millionare politicians, who sold us down the river for yrs? the 100's of millions in bone-us-is to AIG, fanny/freddy...etc for complete incompetence?

The crony corps that make billions and pay next to no taxes, sound bite thier thoughts for us.....

Who the fuck has my back when, I mismanage or don't get paid? I'll keep a lookout for that 1-800-together # when I'm ready to lose everything.

Hey Obama, fuck you

 

Sun, 07/15/2012 - 18:42 | 2618669 Temporalist
Temporalist's picture

Don't cast marijuana in such a negative light!  Hemp is what America was built on. 

Sun, 07/15/2012 - 12:21 | 2617451 Thorny Xi
Thorny Xi's picture

Haing built a business from nothing but an idea into a small ($12-14MM/y when sold in the 90's) but globally-reaching company, there's a lot to this statement. 

We - the people of that company - were far more than the sum of our parts; the 16 people who ended up working together to form the business became a single giant much bigger than 16 people. 

But without the infrastructure we used - a network of global satellites, for example, several of which were still government (Russian) owned and all of which relied on governments for their basic development and even launch capability, without communications standards established by government bodies and towards the end, the Internet itself, which was a defense dept creation - there would have been no business possibility.  Without the sales people, the operations people, the GM, the existing government-developed and funded infrastructure that we pushed to new limits ... without ALL of it - I'd probably be sitting in some off-grid shack wasting time.  Wait. That's what I'm doing now.  But I'm debt-free.  And the shack is all glass, up in John Galt Land.  Yeah, we each bring something to the table, in my case, ideas - but it's a rare bird indeed who can see over the horizon without standing on the shoulders of many, many others. 

Forget that at your own risk.  Think it's all "you" and not a lot of luck, the right place, the right time, the right people, the right backers, the right partners - and you'll live with your mom far longer than you'd expect.

Sun, 07/15/2012 - 13:07 | 2617617 Flakmeister
Flakmeister's picture

Well fuckin' said....

Sun, 07/15/2012 - 13:29 | 2617695 covsire
covsire's picture

Obama states the obvious:  "People working together can achieve greater things than themselves."  Well no shit sherlock.  Roads, defense, law enforcement, these all stem from widely used and accepted ideas that benefit everyone.  What Obama and his marxist friends do is implement massive power grabs like Obamacare and claim it's of the same cloth as building roads.  That's what his speech is all about, to foster faith in government so they can expand more.  That's the one and only purpose of this BS speech he gave.  He sells a bill of goods as "Working together we can achieve more" and then delivers a sack of horse shit called Obamacare that does nothing of the sort, is completely unncessary, benefits a very small mostly lazy few and gives the marxists more power. 

Sun, 07/15/2012 - 12:21 | 2617453 Cake Please
Cake Please's picture

 

 

This guy has no concept of leadership or the economic benefits produces by great entrepreneurs.  His definition of entrepreneur is, someone who exploits others to enrich himself, as the bourgeoisie exploit the proletariat, the Marxist world view.  Great business leaders who have elevated and enriched thousands are somehow a failed role models for the future.  It's absurd! 

 

 

Sun, 07/15/2012 - 12:23 | 2617461 Doode
Doode's picture

That is fucked up mixed with some truth - the worst kind of lies that are peppered with half truths.

Sun, 07/15/2012 - 12:24 | 2617463 Asymptotic Asylum
Asymptotic Asylum's picture

This is straight out of Marxist theory, page one.  Historical materialism.

Sun, 07/15/2012 - 12:24 | 2617464 Gimleteye
Gimleteye's picture

Absurd, crazy, narcissistic, megalomaniac--Obama is all these things, he is also dangerous. Be ready.

Sun, 07/15/2012 - 12:26 | 2617469 Waterfallsparkles
Waterfallsparkles's picture

If what Obama says is true then everyone in America would be a successful Business Owner.

There is a lot of work and sacrifice to build and Own a sucessful Business.  You ride on no ones coat tales.  You blaze a trail by yourself. 

The Government is never there to help you out.  Only endless regulations and laws that try to keep you from succeeding. There is no safety net for Business Owners.  No unemployment insurance.

Most Business Owners that fail lose everything including their Home and their livelyhood.  Maybe that is why they try so hard to succeed is they know the consequences of failure are extreme.

And as any Business Owner knows the last one to get paid is yourself.  That is if there is enough Money to pay yourself.

Sun, 07/15/2012 - 18:45 | 2618679 Temporalist
Temporalist's picture

Too Small To Rent-Seek -vs- Too Big To Fail

Sun, 07/15/2012 - 13:55 | 2617472 SgtShaftoe
SgtShaftoe's picture

The above statement by the TOTUS distills one of the greatest problems facing the US and the world.  This idea that you owe all of the fruits of one's labor to the community, and they don't belong to the individual because you did not individually earn them without help of government and others around you, is fucking dangerous.  As specialization is increased, and unless you have an Austrian view of the world, it is easier and easier to paint that false picture.  It is collectivism rhetoric, and apparently only applies to individuals who aren't part of the military, security, intelligence, medical industrial complex. 

 

I got where I am in spite of the fucking government, their stupid rules, and my prosperity would be far higher today had a string of political cocksuckers hadn't continually destroyed the economy since before I was fucking born. 

Sun, 07/15/2012 - 12:29 | 2617479 Sandy15
Sandy15's picture

Let me inform you Mr. Prezzy, that's NEVER created anything but chaos in community organizing, I built all five of my business's to include the financial backing, sweat labor, etc.  The only ones that tore it down were the employees that didn't have the money in it nor the sweat labor in it.  Every bit of labor they worked they were PAID FOR IT.  Which in turn helped the economy.  NOW because of your CRAPPY policies, I don't have the extra capital investment to put into them.  I do continue to put the sweat labor while NOT getting paid because of your stupid ass.  Since I have NO income, it doesn't help the economy because I do not spend money.  Nor do I plan on hiring anyone.

Sun, 07/15/2012 - 12:30 | 2617483 sosoome
sosoome's picture

Well then Mr. Obama, we'd all like to get out collective together and help you get somewhere away from the WH.

Sun, 07/15/2012 - 12:38 | 2617485 TWSceptic
TWSceptic's picture

Collectivist egomaniac.

 

Success in business comes from the creativity, ingenuity, perseverance, self-confidence, and freedom of individuals. They do not need any central power (government) to achieve their success. Yes, they need employees to delegate work in a growing business, just like those employees need that work. This is simply a matter of supply and demand and it is made possible by the free market. The true strength of a business comes from the few people that have the guts to start it up and make it all work. And it's exactly those people he wants to punish in his ridiculous view on the economy.

"ask not what you can do for your country, ask what your country can do for you." - Obama

 

Sun, 07/15/2012 - 13:44 | 2617740 covsire
covsire's picture

Isn't it amazing how at odds JFK was with the modern democrat party?  He was back in his day too, which is why they murdered him.  When you're implementing communism you don't want something as silly as a national leader in your party to directly oppose your message. 

Sun, 07/15/2012 - 12:31 | 2617486 Joe A
Joe A's picture

Obama should know, he has never accomplished something by himself.

Sun, 07/15/2012 - 12:31 | 2617487 Divine Wind
Divine Wind's picture

 

 

 

Fuck this dumb socialist sonofabitch.

I wonder how much of his wealth he is going to give up.

November can't get here fast enough.

 

Sun, 07/15/2012 - 12:32 | 2617489 msjimmied
msjimmied's picture

To further elaborate on that train of thought...Elizabeth Warren.

“You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.

“Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”

 

 

Sun, 07/15/2012 - 12:39 | 2617513 notadouche
notadouche's picture

Paying forward?  Isn't that what employing people and providing benefits is called?  Wow, how does Elizabeth Warren get the moniker of "intellectual"?   Who shares the sacrifice with the guy who tried but FAILED in building that business?  When will these moron's understand that when a person risk capital to venture in building a business they are the only one's with their asses on the line.  I guess Warren only thinks about the successful and not the millions that risked and lost it all.  She obviously never risked it all to start a business that would employ thousands of folks and act as an offshoot for the building of other small businesses that provide service for the larger "factory".    

Sun, 07/15/2012 - 12:57 | 2617569 goforgin
goforgin's picture

Excellent! But this is not all. In order for the economy to succeed the owners of the factory need to SPENT THEIR PROFITS. It won't do to park it in Bahamas; buy rent extracting assets or throw money at ponzi speculating hedge funds in order to extract profit from the productive sector.

The profits must be re-circulated--that's why capitalism always fails and will fail globally: it relies s on sucking from the bottom and turning their customers into indebted zombies.

There is almost no MONEY VELOCITY at the top of the economic cycle, because profits are not re-circulated into the economy. That's why tax cuts for the rich are counter productive--they actually lead to higher unemployment and economic contraction because government spending has HIGHER MONEY VELOCITY than money used for financialization, which is a tax on all.

Sun, 07/15/2012 - 12:57 | 2617580 ThisIsBob
ThisIsBob's picture

Well, I thought that my taxes, fees, and etc., were paying for all that.  Would have if the politicians and government had not mismanaged the money, and thus breached their part of the contract.

Sun, 07/15/2012 - 15:27 | 2618091 blunderdog
blunderdog's picture

      I thought that my taxes, fees, and etc., were paying for all that.

There's this thing called "national debt" ya see...

Sun, 07/15/2012 - 21:47 | 2619062 FrankDrakman
FrankDrakman's picture

Ms. Warren clearly never took any courses in rhetoric or logic. Her repetitive argument that "you used 'x' that the rest of us paid for" implies both 1) you didn't pay for your share of 'x', and 2) 'x' was all done for your benefit, not theirs. Both are ridiculous, of course. All of us pay for roads; all of us pay for our police forces and courts. The idea that entrepeneurs got some kind of free ride is clearly wrong. And the idea that entrepeneurs somehow specially benefit from police protection in ways that individual home or car owners do not is also ludicrous. In fact, most businesses of any size that I see invest in burglar alarms and security personnel because they find that police protection insufficient.

But like any good leftist, she simply doesn't let facts get in the way of a good story.

Sun, 07/15/2012 - 12:33 | 2617491 notadouche
notadouche's picture

All I can say is he lives in a different world than I.

Sun, 07/15/2012 - 12:33 | 2617496 CynicLaureate
CynicLaureate's picture

It's just the flip-side of the liberal idea that if you're poor, it's society's fault.  Obviously if you're rich, then he's giving the credit to society too.

And in his case it's true: Obama didn't win the presidency on his own; he was put there by George Soros, Richard Trumka, Bill Ayers, Frank Marshall,  David Plouffe and David Axelrod.

Sun, 07/15/2012 - 12:35 | 2617499 potlatch
potlatch's picture

How dare he point out infrastructure.  That's just..... low.

 

Why, plunk your average millionaire down in the Congo, and I guarantee you, friends, in a year that place shall be a veritable Shangri-La.

 

 

God I love the blow-holes these kinds of posts open up in you guys.  You really, really are touchy, and think things like rec centers, highways, and public school teachers are crashing the system, don;t you?

 

 

lol.  ok.  Keep making these politically-birthed analyses.  Meanwhile, I'll think about the real world, where mass transit spending or public parks ain;t shit either way, because we have a global financial system that is systemically broken.

 

Get on the right level you fiends!  You are getting distracted by domestic squabbles!

Sun, 07/15/2012 - 13:20 | 2617666 TN Jed
TN Jed's picture

Careful, your straw is showing.  If monies claimed for infrastructure actually went to infrastructure then you'd hear no complaint from me.  Problem is the infrastructure you knew went Galt but that doesn't stop the payment due. Don't worry though, your taxes are being used for infrastructure the world over.  We build more bases and raze more roofs before 7am than you do all day.

Sun, 07/15/2012 - 12:38 | 2617506 which way weste...
which way western man's picture

"barry X, the abandoned b a s t a r d of an illicit union between a deranged, teen aged, communist w h o r e and malcolm X, has his instructions from london to permanently destroy America and her economy via debt, debase her currency, euthanize the greatest generation, demoralize her military via homosexuality, exhaust it in a wild goose chase in the "graveyard of empires", and disarm it via fiat. He does hate America, especially White America, and does love his works of treason and destruction. It is through this that all his actions may be understood.

I hope the military honors their oaths, steps up and eliminates this a s s h o l e. This son of a w h o r e is the walking definition of a "domestic enemy" and we won't sit still anymore for his treason.

NEVER EVER forget the mainstream media that conspired to foist this muslim nation wrecking b a s t a r d on America is responsible. They intentionally sold us this traitor.

The demokratik soviet is comprised of 22% of the population (blacks, jews, queers, transgenders, illegals, communists, muslims and abortionists) An amalgam of misfits tied together by nothing more than malevolent envy and hate for Property Rights and Natural Law.

This man is actively destroying an America he was raised to hate, is supported by communists in the media and must be neutralized for the good of all.

It should be considered that barry soetoro is a communist or muslim plant groomed to completely destroy America from within."

-written 3 years ago. author unkown


Sun, 07/15/2012 - 12:39 | 2617511 PatientZero
PatientZero's picture

ever since the founding of this country, you know what, there are some things we do better together.  That’s how we funded the GI Bill.  That’s how we created the middle class.  That’s how we built the Golden Gate Bridge or the Hoover Dam. That’s how we invented the Internet

 

What a massive fuckhead this guy is. It's like he truly believes the middle class didn't exist prior to the New Deal. And the historically-challenged dipshits will eat it up. Fucking hell.

Sun, 07/15/2012 - 12:40 | 2617516 jazze
jazze's picture

LAND OF THE FREE, BITCHEZ!

Sun, 07/15/2012 - 12:40 | 2617518 imapopulistnow
imapopulistnow's picture

I always knew Steve Jobs was just a fake.

Sun, 07/15/2012 - 14:09 | 2617832 monad
monad's picture

Jobs & Gates stole all that technology from the Soviet Union and China.

/s

Sun, 07/15/2012 - 17:20 | 2618403 cosmictrainwreck
cosmictrainwreck's picture

ahhh... so those 2 bastards are, if not already sufficiently motivated, now further incentivized to steal Amerikan corporate/techno holdings blind via hacks, etc [operating 24/7/365]. And all this time I thought it was just plain orneriness, dog-eat-dog, theft, destructo-mamia, etc. Now we can throw a little "revenge" into the mix; makes for quite a cocktail. And I don't give very long odds on the Amerikan/multi-nats...

Sun, 07/15/2012 - 12:41 | 2617519 tradewithdave
tradewithdave's picture

...Tired of losing fathers, sons, mothers and daughters in the war on war? Now we have drones and Blackwater for that. You didn't do that, we in the government did that.

www.tradewithdave.com

Sun, 07/15/2012 - 12:41 | 2617521 seek
seek's picture

For the first ten years of my business, I had a business partner. We both showed up to work early every day, worked hard, and at the end of the year, split the revenues 50/50, which means that each of us got a third, and the gov't got a third.

Now government, that "third" silent partner is claiming he built the entire buiness himself, and never showed up to a single fucking meeting or did a single day's work.

Government, I'm have bad news: your ass is fired.

Sun, 07/15/2012 - 13:06 | 2617606 Wakanda
Wakanda's picture

BO forgets that we (the people) made the government and we can unmake it.

The Second American Revolution - unfolding now in a neighbood near you.

Sun, 07/15/2012 - 12:41 | 2617523 1Inthebeginning
1Inthebeginning's picture

Rewarding entrepreneuralism incentivises innovation, productivity, and increased GDP.

I never understood socialism until heard stories about people who refused to work because they could make more money on unemployment.  

 

 

 

Sun, 07/15/2012 - 12:42 | 2617527 midgetrannyporn
midgetrannyporn's picture

The comments here get more retarded by the day.

Sun, 07/15/2012 - 12:52 | 2617559 sosoome
sosoome's picture

I don't know whether to up ya cause I agree, or down ya for making a retarded post.

Sun, 07/15/2012 - 13:35 | 2617707 CrockettAlmanac.com
CrockettAlmanac.com's picture

He's a master of metastupidity.

Sun, 07/15/2012 - 18:55 | 2618709 Temporalist
Temporalist's picture

Meta of master stupidity too

Sun, 07/15/2012 - 12:43 | 2617528 SafelyGraze
SafelyGraze's picture

"That’s how we sent a man to the moon. "

and that's how a lot of people made their first million. just like he said. thanks, space program!

Sun, 07/15/2012 - 12:43 | 2617534 hazek
hazek's picture

Nice bit of sophistry, I'm sure it'll work great on the sheeple ignoramuses just like it did for Hitler. Fking psychopath. /rolleyes

Sun, 07/15/2012 - 12:59 | 2617591 which way weste...
which way western man's picture

Hitler was right.  About everything.

Sun, 07/15/2012 - 13:57 | 2617788 CrockettAlmanac.com
CrockettAlmanac.com's picture

Hitler achieved a great thing when he did what no other man had been able to do: kill Hitler.

Sun, 07/15/2012 - 12:44 | 2617535 Intelligence_In...
Intelligence_Insulter's picture

THIS SOCIALIST HAS GOT TO GO.  There is literally nothing the government can do that the private sector can't do 100% more effeciently.  

 

This fool is telling us that we are standing on the backs of giants??  GIANT GOVERNMENT REGULATION.

 

Sun, 07/15/2012 - 12:46 | 2617543 GeneMarchbanks
GeneMarchbanks's picture

*LOL*

Sun, 07/15/2012 - 13:19 | 2617660 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

She must have just had a kid.

Sun, 07/15/2012 - 13:27 | 2617686 Der Wille Zur Macht
Der Wille Zur Macht's picture

Congrats on possessing the most unpleasant profile picture on ZH!

Sun, 07/15/2012 - 18:57 | 2618718 Temporalist
Temporalist's picture

I have excellent eyesight.  It looks like two chicken drums leaning against one another with a coffee can beneath...

Sun, 07/15/2012 - 12:48 | 2617550 no life
no life's picture

Same old shit, different day.... When a leader fails his team, he invariably starts talking in rhetorical circles like a scalded chimp... shit about how important the team is versus the individual and other sundry BS. What a coincidence. The people on the team that suck at their jobs, are always kind of relieved by this (mostly because they are born stupid). The individual that is losing time/money and getting to listen to his manager piling up the manure all day long, to boot, and now busy morphing into human trash receptacle is, you guessed it, pretty fucking pissed.

Sun, 07/15/2012 - 12:49 | 2617554 Waterfallsparkles
Waterfallsparkles's picture

Owning a Business is a choice.  It is not an easy choice.  It is one of the hardest things you can attempt to do.  Only 10% of Businesses survive the first 2 years.

To even try to start a Business you have to commit everything you have to that Business.  From the total efforts of your life to all of your capital.  You have to give up any bit of security you have in life, especially in the beginning, you will live hand to mouth just to get your Business started.  You will work every hour of the day if necessary.  You will lose sleep trying to manage your finances. 

You will not get Vacations, you will not have your evenings or weekends off.  You will deny yourself anything that is not absolutely necessary, just to ensure your Business succeeds.

If your Business succeeds it will be thru your dedication, your time, your sacrifices.  Yes, after a Business is successful every one looks at you and thinks it was easy but they have not walked a mile in your shoes and will never know the truth unless they have tried it themselves.  Much like Obama.

Sun, 07/15/2012 - 14:44 | 2617944 blunderdog
blunderdog's picture

   To even try to start a Business you have to commit everything you have to that Business.

Oh, come on.  That's one approach, but the far more profitable approach is to talk a bunch rich-folks into giving you a boatload of THEIR MONEY to go try some crackpot scheme of yours.  That's how most of the truly successful guys get 'er done.  Sufficiently skillful bullshit has created more billionaires than anyone's hard work and sacrifice.

What choice do they have, anyway?  It's not like they can spend it, so the only reason for them to have money at all is to get more.

(By the way, I'm sure some Small Businessman is cooking up some Righteous Crank at this very moment.)

Sun, 07/15/2012 - 17:05 | 2618335 Waterfallsparkles
Waterfallsparkles's picture

I have owned at least 2 Businesses and no one gave me a dime.  Including the Government.  They were just there to take the profits from Income Taxes when they succeeded.  Kind of like a silent partner.  They do not give you any help starting your Business but they are there with their had out when it is successful.

Plus,  if you have a lot of Rich people give you money you are no longer building the Business for yourself.  You are building the business for them to make a profit on your labors.  Not a lot of difference from taking a Job for security to enrich a Corporation with your labors.  The trade off is you Sell your life to them for a security and substance.  They would not hire you if they were not making a profit on your labor.

Sun, 07/15/2012 - 18:00 | 2618525 blunderdog
blunderdog's picture

    You are building the business for them to make a profit on your labors.

Aha!  So you DO understand what capitalism is all about!

Sun, 07/15/2012 - 18:22 | 2618600 reinhardt
reinhardt's picture

interesting way of looking at it

Sun, 07/15/2012 - 16:21 | 2618246 Ricky Bobby
Ricky Bobby's picture

To create value in the market place is one of the most difficult task one can attempt. There was time in this county when that was celebrated but no longer. 

Sun, 07/15/2012 - 19:00 | 2618725 Temporalist
Temporalist's picture

@waterfallsparkels:

 

You're welcome.

Sincerely,

Barack Obama

Sun, 07/15/2012 - 12:52 | 2617562 rehypothecator
rehypothecator's picture

If you make love to your wife, you didn't do that.  Somebody else made that happen.  All your teachers, the government that paved the road to your house, the mattress inspector who required that the company put a tag on your mattress, not 20" from your feet, the regulators who ensure that the electricity to the stereo has the correct voltage, the government agent who even officially married you to her.  In order to pay for it all, we are going to start taxing "thingy."  

Sun, 07/15/2012 - 13:47 | 2617755 toady
toady's picture

You don't know how right you are!

I don't think there is a man alive who made love to a woman without impressing her with a sports car, fancy dinner, or an amazing intellect, all due to a car manufacturer, chef, or teacher.

At the very least, almost all love making requires a distiller or brewer!

Sun, 07/15/2012 - 19:02 | 2618729 Temporalist
Temporalist's picture

You must be very homely, have no charisma, personality or humor.

Sun, 07/15/2012 - 20:46 | 2618918 toady
toady's picture

Another excellent list of corrections to be gained by interaction with others.

Sun, 07/15/2012 - 12:54 | 2617566 Jayda1850
Jayda1850's picture

""The only helping hand you'll ever get is when they lower the box in the ground"

paul newman in HUD

Sun, 07/15/2012 - 12:54 | 2617567 Rastamon
Rastamon's picture

 

 

 

 

only the libertarian CULT s'preaches that each person is an island unto themselves. this theological dog(shit)ma and mutually assured destructive bootstrapper peabrainism is swallowed whole by only the most mentally defective idiots. (who, like their hero Ayn Rand, are usually on the DOLE)

Sun, 07/15/2012 - 12:57 | 2617583 balz
balz's picture

Exactly. We are all connected. Nobody ever succeed of fail without everyone sharing at least some responsibility.

Sun, 07/15/2012 - 13:06 | 2617615 rehypothecator
rehypothecator's picture

No libertarian argues otherwise. Even libertarians depend on customers to make a business succeed.  They do share responsibility - if they don't buy, the business fails.  How are they compensated for this?  They get to buy products that make their lives better.  That is their reward. That reward is relatively less available in centrally-planned economies.  

Sun, 07/15/2012 - 13:07 | 2617619 Lucky Guesst
Lucky Guesst's picture

HAHA you really suck at your job.

Mon, 09/10/2012 - 01:33 | 2617918 James
James's picture

While I believe that no man is a island  unto himself it is equally true that i am a peninsula.

Sun, 07/15/2012 - 18:16 | 2618584 reinhardt
reinhardt's picture

interesting statement .. given the bigger picture ya might be right

Mon, 07/16/2012 - 15:36 | 2621326 FreedomGuy
FreedomGuy's picture

You know, you are right! I am quitting the libertarian cult today! I look at all those collectivist countries like, the USSR, Maoist China, N. Korea and Cuba...soon to be Bolivia and Venezuela....and I see the incontrovertible proof of the superiority of the collective, central power and concentrated authority.

I have been sooooo blond! Time for reprogramming.

Sun, 07/15/2012 - 12:55 | 2617575 Satan
Satan's picture

" If you’ve got a business -- you didn’t build that.  Somebody else made that happen."

- Indeed. In the case of the company where I work, corrupt politicians made it happen!

God bless ' em. And God bless Italy!

Sun, 07/15/2012 - 13:03 | 2617605 Walt D.
Walt D.'s picture

This is an excellent example of Obam's economic illiteracy. He obvioulsy has never read Adam Smith or "I pencil", let alone Hazlitt's "Economics in One Lesson". 

So if you open a diner, you are not entitled to make a profit because you did not grow the food yourself or can not lay an egg. Or you did not produce the electricity and gas?

Obama has no work ethic - he spends all his time flying around campaigning, on the golf course or on vacation. In his ideal society, everyone would be on unemployment insurance and food stamps, sat on their asses wathing cable TV and chatting and texting on their IPod 4G's.

However, if he gets re-elected he may be in for a rude surprise - what is going to happen when there is no food to buy with his "Food Stamps". What are people going to do ? Eat them. Better put some chocolate glue on them.

Sun, 07/15/2012 - 13:03 | 2617609 ebworthen
ebworthen's picture

Just when you didn't think the rabbit hole went any deeper...

Sun, 07/15/2012 - 13:09 | 2617625 grid-b-gone
grid-b-gone's picture

As a small business owner, Mr. President, the primary key to my success is doing a better job at a more reasonable rate for my customers than my competitors are able or willing to do.

Yes, that whole "village" thing has some validity, but make no mistake, without me, the business would not survive or be making a profit.

You've been building government for your entire career. In the private sector, we call that overhead, a destructive expense we try to minimize. 

We also monitor employee turnover that is healthy for a business in the 3-5% rate. In your public sector business, employees almost always choose when to leave. That approach does not promote efficiency.

In your public village business, you retain the burned out, those who have not kept their skills updated, and those who simply occupy a spot that someone else could do better. These less effective people reduce the job satisfaction of the 95% trying to do right by the public.

There is a reason most village people vote for you - they know on which side their bread is buttered. Now you just need to use the Fed or some new program to buy some private sector votes. Your immigration citizenship give-away was a good start.

Luckily, your opponent this fall is not a strong candidate and the public sector will see another four years of growth at the expense of a strong America.    

Sun, 07/15/2012 - 14:15 | 2617859 TN Jed
TN Jed's picture

Successful village is successful villagers.  Village pillage is successful government.

Sun, 07/15/2012 - 13:10 | 2617628 Freewheelin Franklin
Freewheelin Franklin's picture

There is no company in this country that got rich on its own. Not one. You built a factory out there – good for you.

 

But I want to be clear. You got to the top of the market because of the regulations we imposed. We made entry into the market near impossible so you would have no competitors. You were able to sell your products for ridiculous profits because we gave you a monopoly through patents. You didn’t have to worry about accountability in manufactureing because we destroyed the idea of property rights and our court system is broken.

 

Now look. You built a factory and turned into a TBTF monopoly – God Bless! Keep a big hunk of it. But part of the underlying social contract is that you take a part of that and give it back to us so that we can help other people who paid for elections create monopolies while we blame it all on “Capitalism”.

 

- author unknown

Sun, 07/15/2012 - 13:10 | 2617631 goforgin
goforgin's picture

Several years ago I watched a NBR interview with the 90-year old CEO of failed Bear Stears. He was foaming at the mouth trying to justify banker bonuses. He said that these were the most talented people on earth that needed to be rewarded for their talents--unlike the average peon.

"Bankers do god's work", industrialists make the economy and create all the jobs: the populace just gets in debt and makes them both rich.

The later statement is a fact, the former are fables and distortions of reality, a product of brainwashing the collective consciousness with absurdity.

Sun, 07/15/2012 - 13:15 | 2617644 toady
toady's picture

Wow! This one really brought out the Rand fanatics!

Good luck with that!

Sun, 07/15/2012 - 16:28 | 2618271 Ricky Bobby
Ricky Bobby's picture

WoW this one really brought out the apparatchik boot licking moochers. Some body somewhere has to pay for my lifestyle. 

Sun, 07/15/2012 - 13:15 | 2617645 Cyclerider
Cyclerider's picture

What he said is true on the face of it.  Other individuals have helped us out in life whether we succeed or fail.  But collections of individuals don't have the faculties to do anything--no brain, no body, no life. The group doesn't help us or hurt us.  It's all about the choices that individuals make, as long as they have any choice left.

They can't make their health care choices anymore.

Sun, 07/15/2012 - 15:31 | 2618103 blunderdog
blunderdog's picture

I cut my hand last week chopping some celery and two Federal agents busted in, searched my apartment for my insurance card, and dragged me to the ER.

Fuckin' sucks.

Sun, 07/15/2012 - 17:02 | 2618366 Bob
Bob's picture

Now it's "Life Panels."  Clever bastards, where will it end?

Sun, 07/15/2012 - 18:01 | 2618529 blunderdog
blunderdog's picture

I'm tellin ya the walls are closin in, fucker!  For serious!

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