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    Forums ›› Community Lounge ›› Politics & Religion ›› Obama Tells Entrepreneurs “You Didn’t Build” Your Business  


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sheda
 

Registered: Apr 2011
Posts: 621

 

07-21-12 08:08 AM


Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business—you didn’t build that. Somebody else made that happen.


http://blog.heritage.org/2012/07/16...-your-business/

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mm19
 

Registered: Apr 2012
Posts: 185

 

07-21-12 09:51 AM


Quote from sheda:

http://blog.heritage.org/2012/07/16...-your-business/



Agree. I am always amazed how people think that they are smart, but in reality reason for their sucess is built on someone elses misery.

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Ash1972
 

Registered: May 2009
Posts: 446

 

07-21-12 10:04 AM

Some entrepreneurs take personal loans and mortgages to bootstrap their business - if they don't start making money soon, they are out on the street.

BO should distinguish between these guys and well connected preppies getting millions in VC funding for some lame web idea.

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Ash1972
 

Registered: May 2009
Posts: 446

 

07-21-12 10:11 AM


Quote from mm19:

Agree. I am always amazed how people think that they are smart, but in reality reason for their sucess is built on someone elses misery.



You are right in that thinking you're smart because you're successful shows you have no understanding of probability (these guys need to read NN Taleb's Fooled by Randomness). The only exception to this is if you got rich following a strategy that has a proven edge.

But success being built on others' misery? Excluding outright slavery, every individual has a choice about whether he or she wants to be a customer or employee of any enterprise.

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mm19
 

Registered: Apr 2012
Posts: 185

 

07-21-12 10:12 AM


Quote from Ash1972:

Some entrepreneurs take personal loans and mortgages to bootstrap their business - if they don't start making money soon, they are out on the street.

BO should distinguish between these guys and well connected preppies getting millions in VC funding for some lame web idea.




i call it a pavlov dog reflex. Once long time ago someone created truly real business out of nothing. like microsoft.

todays money is released from pension funds to support web ideas like LDKN with excuse that this is next microsoft.

long gone, times of true enterpreneurs. you need good schools to get any chance. it is true :-)

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badvestor
 

Registered: Nov 2011
Posts: 253

 

07-21-12 10:51 AM

If I got a dollar for every partisan hack job of a political speech I'd be wealthy and not have to trade this manipulated drivel we call the stock market. For rightwing hack jobs I'd charge double because they waste more of everyones time. Roads and infrastructure are built using gasoline taxes which can be 30% of every gallon in some states. A billionaire uses 1 vehicle, just like everyone else, to get to work. The infrastructure his business uses was funded by millions from the middle class driving millions of cars paying billions in gas tax. The lefties lie as well, but their lies tend to favor guys like me, the working stiff. Righties lies are usually geared at giving me the shaft, even worse is the righties make up the most serious lies and do the darnest things that damage the country as a whole. I don't expect Romney to win simply because it'll take more time for guys like me to forget bush and his righties clusterfk of the country.

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