Sunday, July 15, 2012

Obama vs. Reagan On Who Is Responsible For Your Successful Business

When he was in Roanoke, VA the other night, Richard Milhous Obama told a crowd the following:

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.

I don't think a lot of business owners would owe the start of their business to "That One." In fact, many would blame his Regime for the fact they cannot hire new workers, or are having to go out of business, due to government regulations, ObamaCare, and a host of other red tape.

Contrast what Obama said the other day to what Ronald Reagan said back in 1985, when he set out to reform and simplify the tax code.

In 1981 our critics charged that letting you keep more of your earnings would trigger an inflationary explosion, send interest rates soaring, and destroy our economy. Well, we cut your tax rates anyway by nearly 25 percent. And what that helped trigger was falling inflation, falling interest rates, and the strongest economic expansion in 30 years.

...By lowering everyone's tax rates all the way up the income scale, each of us will have a greater incentive to climb higher, to excel, to help America grow.

...To young Americans wondering tonight, where will I go, what will I do with my future, I have a suggestion: Why not set out with your friends on the path of adventure and try to start up your own business? Follow in the footsteps of those two college students who launched one of America's great computer firms from the garage behind their house. You, too, can help us unlock the doors to a golden future. You, too, can become leaders in this great new era of progress—the age of the entrepreneur.

My goal is an America bursting with opportunity, an America that celebrates freedom every day by giving every citizen an equal chance, an America that is once again the youngest nation on Earth—her spirit unleashed and breaking free. For starters, lowering personal tax rates will give a hefty boost to the nearly 15 million small businesses which are individual proprietorships or partnerships.

Reagan and conservatives understand that what makes America great is the people, not any President or government program. Government does not create economic growth. Economic growth and entrepreneurship begins when government gets out of the way and off people's backs, allowing them to invest in their ideas and dreams while employing others along the way.

But that's something you don't learn as a community organizer.

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