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Old 07-17-2012, 12:32 AM   #11
bitymnmictada

Join Date
Oct 2005
Posts
479
Senior Member
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I had to read Obama's quote three times just to make sure he really said what i thought he said. This is yet another clear example of Obama's utter lack of understanding of the private sector. I've always said he that he lacks even the most basic understanding of how businesses operate. He basically confirms this with his recent quote. I owned my own business for ten years. I can tell you that the government did absolutely nothing to help me build that business. But they did do a grat job of contributing to it's demise. Obama handed Bank of America billions of dollars to bail them out. Bank of America took that money and then quietly cut off small business owners lines of credit. Thousands of small businesses were basically choked to death. I was one of them.

Even if the intent of Obama's remark was to say that American's work best as a team, his delivery was way off he mark. Keep in mind that was a prepared speech, not an off he cuff remark. The fact that Obama and his speech writers didn't understand that business owners would be deepy offended by this remark goes to show how little understanding Obama has about business.
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