I have often stated that President Obama denies American exceptionalism. I believe that, at his core, he is first-and-foremost, out for himself and has zero interest in bolstering America to do well. While I am all too familiar with the America-hating liberal, the problem with Obama is that while he harbors these opinions, he is our president. He is our supposed leader but he undermines everything that makes this country special, and everything that made this unique experiment an astounding success.
Obama spoke in Roanoke, Virginia, Friday and, despite claims that he “has their back”, was critical of the middle-class business owner. He said,
“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.”
“You didn’t build that”? “Somebody else made that happen”? What country is this? It appears that we no longer even pretend to be a country that values capitalism.
To be clear, the average American business owner takes all the risks. He gets the appropriate permits and must endure a government obsessed with regulations. Depending on the industry, business owners must deal with safety regulations, arbitrary (drone-enforced) EPA regulations, health regulations, as well as the government-backed extortion found in most union negotiations. The owner of the business must also incur the start-up costs, and can often not see a profit from the endeavor for at least the first year. And, of course, the modern middle-class business owner that wishes to display a can-do spirit of yesteryear’s America can look forward to an ever-increasing tax burden. Should the business somehow survive the hellish obstacles government has laid before it, the owner can look forward to being demonized by our Politburo as elitist fat-cats who “didn’t build” their business without the help of government. No, businesses, if they survive, survive not because of government; they survive in spite of government.
According to a study by Citigroup, 23% of small business owners have gone without pay in order to make their business profitable in the long-run. 54% said that they went without a paycheck at least once and 18% said that they were unable to make a paycheck for an employee at least once. Thank goodness for the bounty that big government lays before the small business owner!
The same study suggested that the biggest fear amongst business owners is the uncertainty of what will be around the next bend. With consumer confidence low, the lending industry in absolute chaos and the massive financial burden of Obamacare/Obamatax hanging overhead, businesses are unwilling to borrow money to remain afloat. Government (who has no problem borrowing money to stay afloat) is the central cause of the aforementioned hurdles to a financially stable businesses.
The claim by the left has been that the Obama proposal would only increase taxes on those making $250,000 or more. However, the problem with the tax increase is that it aims at the “sweet spot” of America’s small businesses. Despite Obama’s pledge to not drive up taxes during a recession, we are seeing that 1.2 million businesses would be negatively affected by the tax increase.
As Curtis Dubay, a senior tax policy analyst for the Heritage Foundation stated,
“President Obama’s tax hike is tailored to hit the most successful small businesses that hire the most workers, that pay their taxes through the individual income tax code.”
Furthermore, we are not even considering the long-term ramifications of bigger businesses being punished for success, and passing along the increased costs to consumers, which is what a business has to do when costs increase.
And, to make matters worse, businesses that are punished for success, naturally, are less likely to expand and succeed. If the cost of doing business goes up, businesses will be forced to either not hire or, worse yet, lay off employees to maintain profits. This is nothing hard to understand; it’s simple economics. If our radical-in-chief spent more time in college learning how economics work and less time rabble-rousing and smoking weed, maybe we would have a president with even a basic understanding of the devastating economic results heavy taxation has on private enterprise.
Obama has made a career out of smooth-talk. All style over substance, the man advocates the redistribution of wealth as a means of social engineering. Never having actually worked for a living, he cannot possibly understand the values of private enterprise and, quite naturally, assumes the government has fostered success for everyone else as it has him. The truth is, if businesses survive, they typically survive on hard work and an ability to endure the near-crippling weight of government.
To illustrate the nature of the American spirit, take as an example Walter and Cordelia Knott. In the 1920′s, they were selling fruits by the side of the road. They worked hard to sell jams and such and made a living. When the Great Depression hit, it hit farmers hard. To make ends meet, Mrs. Knott began selling fried chicken dinners on her wedding china to hungry travelers passing through Southern California. The meals were so good, lines began forming for a table. To entertain those waiting in line, Mr. Knott began building little attractions to keep people interested. He made a small ghost town and little oddities that would keep people staying. The business grew and grew until they began offering rides. Eventually, Knott’s Berry Farm became a huge theme park, entertaining people from all over the world. They still sell both jams and Mrs. Knott’s chicken dinner.
Now, given that the head of our government believes that business owners “didn’t build that”, and considering the heavy burden of regulations such as safety regulations and commercial kitchen licensing, do you think that in today’s America, a hard working woman like Mrs. Knott could stand a chance at prospering by serving chicken? This is the problem…