You didn’t build that? I didn’t say that.
Apropos of the previous post . . .
President Obama Disputes Saying What He Clearly Actually Said; “If You’ve Got a Business, You Didn’t Build That”
Obama is doubling down on his biggest gaffe of the campaign. Rehashing the “You didn’t build that” line Obama uttered last week in Roanoke, the President has now released an ad claiming the evil Romney machine is just twisting his words and taking everything he said out of context.
Obama swears he wasn’t attacking the entrepreneurial spirit and sacrifice that goes into creating a business. Instead, he was merely stating that business owners did not create the civil infrastructure around them, such as roads or bridges, which allow their businesses to flourish.
I’m no English professor, but when Obama says “If you’ve got a business, you didn’t build that,” there isn’t a lot of semantic wiggle room. Whether you think it’s a Freudian slip, a moment of clarity, or an honest mistake, when you take an honest look at Obama’s record in his first term there is nothing that would help you conclude he didn’t mean exactly what he said.
In a standoff with Republicans, Obama and the Democrats are ready to let the Bush tax cuts expire at the end of the year. This alone could cripple companies’ desires to hire new employees. Couple that with the double threat of Obama’s crushing healthcare plan and $15 trillion in national debt, and businesses around the country are merely holding their breath.
Jim Kurtenbach, a partner at Prairie Oak Capital and a professor at Iowa State University, describes the mindset of many business owners across the country. “Effectively, what we have is the Obama administration is focused on regulatory practices and constantly trying to drive a wedge between people who are employed and trying to work and government who is trying to regulate and control everything. So, what we’ve seen are the regulatory practices hurting people…they simply won’t do it with the regulation anymore because the risk is simply too great for them.”
The Romney camp has rightly seized the chance to bring the focus back to the economy and Obama’s record. It was obvious a response was coming from the Obama campaign, but this ad may have been the one way to actually make it worse. Not only have you now insulted every entrepreneur and small business owner in the country, but you insult every voter by thinking we can’t see through the spin.