Steve Jobs would be the first to admit he did not build Apple computer by himself. He had Wozniak and a host of other genius designers and experienced executives around the world. Obama is not alone when he recognizes that entrepreneurs have a host of other institutional support such as the constitution, which sets the stage for the protection of intellectual property, to a legal system that enforces laws, to an SBA that makes $millions of small business loans to help entrepreneurs get started and to a society that enables freedom for an entrepreneur to act on vision and create innovation. And do not forget the venture capitalist who kick in the start-up capital. Romney from his Bain days, knows this better than anyone, because often the Venture Capitalists, like Bain Capital, take partial credit for business success because they supplied the risk capital. No entrepreneur is an island.
Obama will have to answer for his comment in the context of which it was spoken. And he will during the debates. It will be a non-issue. A phrase, that is taken out of context and proffered by the repubs as a defining statement of Obama's beliefs in American entrepreneurs, is an extraordinary waste of repub's time. Even with $30 million of repub's silly high gloss video TV ads claiming Obama does not understand business, it just won't resonate.
If the repubs wish to bring down an elephant, they need to bring more weapons than a BB gun phrase that can easily be deflected. The repubs have numerous weapons to fire at serious economic issues, not at trivial targets of token comments by Obama, reckless as they may be. Americans deserve a conversation on the issues not soundbites on isolated Obama comments.
Ron Paul is the only non-candidate that still speaks with common sense. If he is on the ballot, I may vote for him out of allegiance to my own personal beliefs.
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