Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Monday, July 23, 2012

Responses to Obama's "You didn't build that!"


This is an addendum to my last post, "We have met the enemy and he is us." In today's Wall Street Journal  (July 23, 2012) many readers wrote to disagree with President Obama's take on success where he stated in a speech in Richmond, VA, "You didn't build that."

If you don't get the WSJ, you're missing out on the best newspaper in America, so I wanted to share the most stinging letters with you here: 
I want to thank you and your ilk, Mr. President, for my success in starting eight million-dollar businesses since 1974. And since you are responsible for my success, then you must also be responsible for my failure. While you were wasting your first two years ignoring the economy, I was unable to get financing for my last business and lost $1.5 million of which $750,000 was personally guaranteed by me, and by you, I hope.
Please give me a call, Mr. President, and I will tell you where to send the check for your fair share.
Dick Raddatz
Mequon, Wis.
The president's remarks clearly illustrate his jealousy and disdain for those who have made it on their own, and, they fall right in line with his mentality of parasitic entitlement.
Bob Franklin
New Hyde Park N.Y.
If Obama can cry, "you didn't build that," someone needs to tell the president, "then you didn't kill bin Laden."
Maura Schreier-Fleming
Dallas
If you hold an elected office, you didn't build that. Someone helped you get there. Maybe it was a teachers union whose compulsory dues paid for a negative ad for your campaign. Maybe it was a venture capitalist with an interest in a solar-energy company who bundled funds for you. Or maybe it was programmers who figured out how to use the Internet to create critical mass for raising small amounts from many donors. Or, quite possibly, you got help from employees of a private-equity firm whose success you vilify but whose dollars you gladly accept.
Mike Walsh
Chicago

President Obama's belittling the success of smart, hard-working people is so telling. It President Obama's belittling the success of smart, hard-working people is so telling. It makes one wonder about how much "help" he received in achieving his own success through affirmative action and preferences. We'll never know, however, because he refuses to release his college or graduate-school records.   
Crawford C. Campbell                                                                                             Windham, NH      
                                                         
If I didn't build my business, please find the "somebody else who made that happen" and begin taxing them.
Tom Marini
Racine, Wis.

Regarding your editorial "'You Didn't Build That'" (July 18): I would like to pose a question to President Obama. If we assume that you are right, Mr. President, and the lion's share of my success in business is due to the help I got from the government more than what is due me because of my willingness to work harder than others, take risks that others did not want to take, being more resourceful and inventive than others were, then how come not everybody took advantage of that government help and became successful entrepreneurs? 
I came to this country 30 years ago with practically nothing. I always believed that the difference between the U.S. and other countries is that everybody has better opportunities in this country than anywhere else. I am sorry to learn that you, my president, don't share that point of view.
Ruben Mirensky
Jacksonville
, Fla.

Sunday, May 27, 2012

Romney's record at Bain Capital vs. Obama's record

The latest attack on Mitt Romney is his record at Bain Capital. Obama has labelled it "vulture capitalism." The DNC (Democratic National Committee) has launched a couple of ads attacking Bain Capital. Lanny Davis, a lawyer, Democratic consultant, and spokesperson for President Clinton said this about the ads attacking Bain Capital:
"There was a problem with the ad that I saw.  It was misleading because it omitted a number of important facts that the viewer should see.  Romney wasn't even there when that plant went down.  That plant was about to go bankrupt before Bain bought it, brought it back, and in fact created jobs, and then it went under, as the head of the union said, because of foreign imports.  So the ad is misleading because it omitted those facts, apart from the fact the person at Bain is currently an Obama bundler when that company went bankrupt.  It's not a good idea to mislead people."
Over 9 years Mitt Romney had 14 major successes, and 18 minor successes, in many different types of companies in the U.S. 
These successes include:
·         Blooming Brands (Outback Steakhouse)
·         Carrabba’s Italian Grill;
·         Bonefish Grill; . 
·         Fleming’s Prime Steakhouse and Wine Bar
·         Del Monte Foods
·         Guinness
·         Staples, Inc. (taking it from one store to 2000)
·         Isotoner Gloves
·         Sealy Mattresses
·         Alliance Laundry Systems
·         Domino’s Pizza
·         Artisan Entertainment
·         Accuride
·         Sports Authority
·         Dade Behring (Diagnostic Medical Equipment)
·         AMC Entertainment
·         Brookstone
·         Burlington Coat Factory
·         Clear Channel Communications (Largest radio chain in U.S.)
·         Dunkin Donuts
·         Guitar Center
·         Hospital Corporation of America (HCA)
·         Toys “R” Us
·         Warner Music Group
·         Weather Channel

During Obama's past 3.5 yrs in office, his business successes include:






(I searched and searched and there aren't any. Everything Obama touches fails. More on this in the next post).