Monday, July 16, 2012

Obama is an Economic Imbecile


Monday, July 16, 2012

Obama is an Economic Imbecile

Just a quick note on Obama's speech. Here is a portion of what he said:
'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.'
This quote right here shows how imbecilic Obama is with regards to how the economy works. Yes, "somebody" invested in those roads and bridges. It's called TAX DOLLARS. Who is that somebody that provided the tax dollars, tax payers. And who are the tax payers? Business! So, business are the ones that invested in those roads and bridges, NOT government. So a business owner not only invested and worked at building their own business, they also invested in the infrastructure that provided access.

Also, what's he talking about on the Internet. He's right, it didn't get invented on its own. Government DID create it. But they did NOT create it so companies could make money off of it. DARPA created ARPANET for the military. They created it so that they could have an interconnected network of computers to keep communications in case of a disaster. ARPANET went on to become the Internet. The only reason the Internet is the way it is now (HTTP and the World Wide Web) is because a frenchman had the idea to create links and images on a page that others could reference for research. None of this was initially intended as a for profit venture.

What Obama's speech over the weekend boils down to is his inability to understand that, in our economy, government does not create wealth. It takes wealth. It may create or destroy the ability for wealth generation by affecting the private industry, but government is a destroyer of wealth as it does not create anything.

One final note, Obama makes this statement:
'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.'
No, but we are now worried that a marauding band of IRS agents will come and seize everything at our factories. (Gibson Guitars

1 comment:

The Colonel said...

A very good post. As far as "O"the pResident goes,he 's not from around here.So he did not go to our schools or grow up with our traditions or respect for flag or our way of life. If you got thru the 8 th grade in the US public schools then you would have an idea of our Constitution and our history.If you made it thru the 10 th grade you learned about civics and how economics works. If you made it thru the 12 th grade then you would be able to get a real job and be glad that you were in America . But ....just check out his back ground.He doesn't know where he was born at or when { he has changed his birth date at least 2 times & claims that he was born at a hospital that did not exist back when he was born } ,thinks that there are 57 states,has stated that this country [AMERICA ]was not and is not a Christian Nation,has a crazy idea that muslims have been a part of this Country from the very founding. { I know that was a run on sentence.} He also forgot that AL Gore invented the inter web . Hey ,AL said he did ! Any one from around here would not try to get in the Office so that they could "change" our Great Country into a 3rd. world cess pool..../ I was in Memphis when the agents had to rescue all of that wood. Gibson is still waiting to get visitation rights. SUPER MAN HELP