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Are the Rich Responsible for Their Own Success? (President Obama Thinks Not)

Chris D 2012/07/16 21:00:00
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The quote in question is from a recent presidential speech in Virginia is: 'If you've got a business - you didn't build that. Somebody else made that happen.' What in the world could President Obama have meant by that?

DAILYMAIL.CO.UK reports:
In a speech in Roanoke, Virginia, the President said: 'If you've got a business - you didn't build that'. It sparked a furious response from the National Federation of Independent Businesses on Monday, who said it showed an 'utter lack of understanding'.
sparked furious response national federation independent businesses onmonday utter understanding

Read More: http://www.dailymail.co.uk/news/article-2174160/Ob...

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  • TheBorg 2012/07/16 23:22:21 (edited)
    What the... ?
    TheBorg
    +45
    WTF? Never seen a quote taken more out of context. What I heard was that the workers of a company have a part in making that company successful and should be recognized by the company for their hard work. It is not the CEO who is taking the risk when creating a business, it is the worker.

    My case in point: in 2012 the Koch brothers made 11 billion in profit yet still laid off over 25% of their workers in Green Bay, many middle aged. Now they need to find retraining, find a job, and still support their families. Most ended up losing their homes or at the very least downsizing. What CEO has every lost their home, needed to be retrained, or lost their life savings trying to make ends meet after a business went under or they got fired?

    What I heard from Obama is that one man cannot make a successful business without good workers and good workers should be recognized for their contribution to the organization. Currently the climate is that only the CEO is of any importance and should take advantage of their workers any way they can.

    workers workers recognized contribution organization climate ceo importance advantage workers

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  • Bulanov... chgo 2012/07/22 14:07:25
    Bulanova (Team Hargitay)
    +1
    His first sentence: Surely we can have a discussion without the name calling jabs.

    Your first sentence: Youre a self-absorbed ass.

    I marvel at your superior debate skills.
  • John Hall John Hall 2012/07/17 02:44:47
    John Hall
    It's the way you worded it people read it and come up with a different conclusion .
  • The Lib... MOMMA T... 2012/07/17 01:35:57
    The Libertarian
    Then don't spend our buy, grow your own food, make your own clothes, make a thatch hut, drink water from a flowing river, pee on a bush, wipe your butt with a huge leaf, you don't need TV, a Car, internet, and all of the other luxuries of life, go back to nature like our primitive ancestors did.
  • Joel 2012/07/16 23:52:13
    What the... ?
    Joel
    +1
    Personal business loans, partnerships with banks that loaned you money, Small Business Administration loans, grants from private and public benefactors; employees, consultants, boards of directors and um, let's see... CUSTOMERS! Other than that, you did it all by your uniquely ingenious self!
  • Freedom205 Joel 2012/07/17 16:47:04
    Freedom205
    All the loans you mention is DEBT absorbed by the owner/business. If the business fails, this is owed back - it is a "risk." No different than the OWS kids who are complaining that they should not have to pay back their college loan debts - that was their risk. Some succeed with their risk, some fail. If you fail, it is totally on you alone to deal with.
    I do understand that EVERY business needs their customer but I am not sure that necessarily means that the business owners "had their help" in making their business successful. Obviously, it means the customers like the product and/or the business owner effectively marketed the product/service. I know many businesses that have excellent products but their management (owners) were not able to make it work even though the product certainly had customers. So, it really is the owner/manager's abilities that make a business succeed or fail. I see that time and time again.
  • sarahholmwood 2012/07/16 23:52:13
    No, they've gotten help from others.
    sarahholmwood
    +3
    I wish i had one lousy million dolars, my life would be assured. (Im from Costa Rica)
  • Donna sarahho... 2012/07/17 00:26:25
    Donna
    +1
    Fact : If Obama gave 1 milion to every citizen we'd all be rich & the deficit would still be lower than it is today....
  • Tekcoryvad Donna 2012/07/17 17:28:43
    Tekcoryvad
    +1
    I agree. And if the Car buy back program "cash for clunkers" was deleted before it went into action, every $4000.00 allowance for your trade-in would not have costed the tax payers $24,000.00 on each trade-in. Hows that for budgeting? Oh yes our gov't has a plan... Crush and destroy any possibility to live the AMERICAN dream!!! Oh yeah, those cars were crushed like our future
  • sarahho... Donna 2012/07/22 18:54:49
    sarahholmwood
    +1
    I just read this. u.u money sucks. everything has to do with money. and we are the only "beings" in this planet that has to PAY to live here. lol
  • Freedom205 sarahho... 2012/07/17 16:52:32
    Freedom205
    +1
    Good thing is that here in America you have the freedom and opportunity to pursue that dream of making a million dollars through hard work - just like those other successful millionaires here. Unfortunately, some do not have the desire to actually work for it and then they complain about those who made it. America needs to get back to the roots of what we are about. That is embracing capitalism, which is the foundation of success and wealth.
  • joe mauro sarahho... 2012/07/22 05:58:25
    joe mauro
    you already have la dolce vida!
  • reaper 2012/07/16 23:52:08
    No, they've gotten help from others.
    reaper
  • Illjwamh 2012/07/16 23:51:59
    No, they've gotten help from others.
    Illjwamh
    +5
    Everyone gets help from others in some way. Whether it's an accountant you hired to do your taxes or an HR manager to keep the peons...er, employees in line, nobody ever amassed a fortune by themselves. Granted, knowing how to do those things and how to redirect the money you make into future earnings is a large part of it, but there are always going to be other people involved in the process.

    And what about people who just invested and didn't actually do anything themselves at all? Or people who inherited their wealth? Or both? They did nothing to earn what they have, yet society and Fox News would have us believe they're the hardest workers among us who deserve every penny.
  • John Hall Illjwamh 2012/07/17 00:23:43
    John Hall
    +1
    Do you even own a buisness probably not . When you bust your butt to build your buisness invest your sweat , time and money to build that buisness up . What you the consumer does is buy there product and if you like it you return that's it .
  • Illjwamh John Hall 2012/07/17 01:44:07
    Illjwamh
    Did you even read what I wrote?

    Clearly not.
  • Freedom205 Illjwamh 2012/07/17 17:05:38
    Freedom205
    Are you seriuous when you say that "people who just invest" do nothing with that money??? Ummmm, they invest it in other businesses and those businesses hire people, make products, provide services, etc. It is like a circle of life. Without these investors "doing nothing," money dries up and n ogrowth happens.
    The class warfare really is getting out of control. When you leftists try to make your "case", you come accross resentful of those who have wealth and it irritates those on the right because we see it as nothing but the "green monster" of envy attacking what made America great - capitalism. When you say things like "they do nothing with their money" and "they don't deserve it" - you do not encourage fruitful dialogue. Want progress on this issue? Change your tone and tactic. Come on, do you REALLY think the middle class could have any decent standard of living if all investors (who "do nothing" according to you) REALLY did nothing and stopped investing? Talk about a collapse of the financial system!
  • Illjwamh Freedom205 2012/07/17 18:15:52
    Illjwamh
    I said didn't do anything "themselves", not that they didn't do anything with their money. Pay attention. Yes, that money was put to good use...by OTHER PEOPLE. Which is what this discussion is all about.
  • HenriLewkowiczhenri 2012/07/16 23:49:46
    No, they've gotten help from others.
    HenriLewkowiczhenri
    +2
    NO some IDIOTS inherited their wealth ........
  • Freedom205 HenriLe... 2012/07/17 17:09:08
    Freedom205
    And their are ALOT of idiots who are poor. What is your point? But, actually that "wealth" was created by someone in their family tree or they would not have inherited anything. No different than you busting your hump, investing and making millions. You pass it on to your child who lives off the inheretence. Are you saying that money was not earned?
  • Tekcoryvad HenriLe... 2012/07/17 17:19:03
    Tekcoryvad
    Some do and many don't. Oh boy, if you inherit your wealth enjoy the tax on that!!! And why do you CAP idoits? Are you making a hasty generalization on people who are blessed enough to have friends or family willing to give them some benefit from what they created?
  • Blank Blank Blank 2012/07/16 23:48:43
  • Soundstorm Blank B... 2012/07/17 05:56:04
    Soundstorm
    Grumblings of a cynical loser.
  • Blank B... Soundstorm 2012/07/17 16:48:56
  • Soundstorm Blank B... 2012/07/20 00:36:31
    Soundstorm
    You're obviously stuck in another century. Two centuries ago! Come join us in the 21st anytime you wake from your slumber, Rip Van Winkle.
  • Blank B... Soundstorm 2012/07/20 01:36:39
  • Soundstorm Blank B... 2012/07/22 00:03:34
    Soundstorm
    I heard there was a heat wave throughout most of the country but I'd say your brains are definitely fried. Or is your keyboard melting?
  • Freedom205 Blank B... 2012/07/17 17:12:48
    Freedom205
    Wow. No bias at all in your position . . .wealth people are only wealthy because they screwed someone. Where is your evidence of that? I bet you also get upset when those on the right make similiar generalizations that people are poor only because they are lazy and on drugs. You are cut from the same cloth though.
  • Tekcoryvad Blank B... 2012/07/17 17:13:55
    Tekcoryvad
    lame answer. surround yourself with people you would like to be like and you will find that likeness. Hang on to that you got screwed attitude and screwed you will be.
  • Chris D 2012/07/16 23:44:15
    Yes, of couse they are!
    Chris D
    +1
    ummm ridiculous
  • (▪‿▪)DoctorWhoGuru(▪‿▪) 2012/07/16 23:40:10 (edited)
    Yes, of couse they are!
    (▪‿▪)DoctorWhoGuru(▪‿▪)
    +2
    Super Rich Need To be Tax
    Rich  Tax Rich  Tax
  • Little ... (▪‿▪)Do... 2012/07/17 01:03:50
    Little Tina
    +3
    The upper 1% pay 70 percent of the taxes. The rich ARE taxed.
  • Soundstorm (▪‿▪)Do... 2012/07/17 05:53:43
    Soundstorm
    You need to hang out with a classier crowd.

    Tea Party Guys
  • Tekcoryvad (▪‿▪)Do... 2012/07/17 17:10:55
    Tekcoryvad
    Unbelievable! If you think our government doesn't tax the rich, think again. Why don't you just say what you mean. You couldn't come up with a plan to make yourself successful and you may be a little bit jealous. Maybe even miserable and we all know misery loves company so lets forget that this is AMERICA the land of dreams and opportunity. Maybe you would like to know everyone is allowed to have 2 TVs and 2 cars MAX. Would that work for you? I pay near 38% and struggle to pay all my personal and business BILLS. how about you?? care t disclose?
  • John (▪‿▪)Do... 2012/12/13 15:25:09
    John
    DUMB ASS!
  • sick'n'tired 2012/07/16 23:38:55
    Yes, of couse they are!
    sick'n'tired
    +3
    Of course they are. The people that work for them are paid for their work.
  • S and S 2012/07/16 23:37:36
    Yes, of couse they are!
    S and S
    what is the definition of 'rich'? I'm majorly successful and could be considered 'rich' compared to someone living in da-hood.
  • mae 2012/07/16 23:34:15 (edited)
    What the... ?
    mae
    After a certain point, current tax laws are very helpful to those earning > or = to $300,000/year. There was more to that quote by Obama than what is included here. And why are you quoting The Daily Mail.co.uk?
  • Rob mae 2012/07/16 23:49:44
    Rob
    +1
    Considering that the top 10% pay 90% of the taxes...
  • gvc mae 2012/07/17 00:17:22
    gvc
    +1
    I would imagine Chris D quoted the Daily Mall because lame stream media didn't bother to inform us Obama still had room in his mouth for another foot!
  • Freedom205 mae 2012/07/17 17:14:49
    Freedom205
    +1
    You don't think the current system is very helpful to those on the bottom percentile who pay no taxes but can actually claim a tax return?? I don't see how they are getting screwed.

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