Noted Quote: Obama Still Doesn't Get It
When the president visited plants from Buffalo to San Francisco on his much-touted jobs tours during the spring and summer, he was there to tell workers that government saved or created their jobs.
But that is not how it's done. Job creation happens when individuals take personal risks: A man notices that all his friends and neighbors have garages stuffed with junk they don't want and starts a new business with $700 in startup capital and an old beat-up truck. A few years later, Brian Scudamore's 1-800-GOT-JUNK has 100 franchises across the country.
A young woman decides her chocolate chip cookies deserve to be enjoyed beyond her family. Debbi Fields borrows money, opens a small storefront, and within seven years, her company, Mrs. Fields Cookies, had revenues of more than $45 million.
A college student spends his time in his dorm room building personal computers for his friends and selling them for less than the name brands. He drops out of school, but by the time he's 27, Michael Dell is the youngest CEO on the Fortune 500 list of largest companies in America.
These individuals created great wealth for themselves, but they also created thousands of jobs for other people. The fallacy in Obama's thinking is the assumption we'd be better off taxing rich people more and having government spend the money directly. ~ From a column by Linda Chavez in The Washington Examiner (read the entire column at http://www.washingtonexaminer.com/opinion/columns/Obama-has-no-clue-about-entrepreneurship-1226967-105051944.html#ixzz12hIyfSzZ)