Sunday, July 29, 2012

Opinion Letter: Business, Not Government, Builds the American Economy

Letter from John E. Adelmann Jr. 
Revealing his disdain for entrepreneurs and intensifying his assault on America's business community, President Barack Obama on the campaign trail claimed that, "If you've got a business, you didn't build that. Someone else made it happen."

After three-plus years in office, this former community organizer who never created a job is oblivious to how challenging and costly it is to transform ideas, passions and dreams into economic livelihoods, and chooses instead to shame Americans for their success he believes comes at the expense of others.
From Obama's ideological perspective, achievers build their businesses mainly by screwing their customers, an economic absurdity on its face.

Yet the strategies and tactics Obama implements to stimulate the economy -- from those laughable "job summits" to where government squeezes more and more money out of the economy through higher taxes and re-distributes it to crony-owned businesses -- do not work, and never will.
What socialists fail to understand is that without revenue generated by the dynamic power of free enterprise, governments would have no income to spend or re-distribute.

In fact, government creates no wealth of its own (except for printing money), and depends solely on its power to tax and regulate to sustain itself and grow.

Innovators and achievers who are already giving back to society by creating stable jobs, upwardly mobile careers, quality lives, products and services are not responsible for America's current economic woes. To find that culprit, Obama and his comrades need look no further than the nearest mirror.

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