Wednesday, July 25, 2012

You Didn't Build That

So by now you have probably heard a good amount about this speech. What's funny is that Obama supporters are claiming that the President is being quoted out of context, but just as Romney notes in this cut from the Kudlow show, the context is worse than the quote:

Thomas Sowell notes in his column:

All the high-flown talk about how people who are successful in business should "give back" to the community that created the things that facilitated their success is, again, something that sounds plausible to people who do not stop and think through what is being said. After years of dumbed-down education, that apparently includes a lot of people.

Take Obama's example of the business that benefits from being able to ship their products on roads that the government built. How does that create a need to "give back"?

Did the taxpayers, including business taxpayers, not pay for that road when it was built? Why should they have to pay for it twice?

What about the workers that businesses hire, whose education is usually created in government-financed schools? The government doesn't have any wealth of its own, except what it takes from taxpayers, whether individuals or businesses. They have already paid for that education. It is not a gift that they have to "give back" by letting politicians take more of their money and freedom.

When businesses hire highly educated people, such as chemists or engineers, competition in the labor market forces them to pay higher salaries for people with longer years of valuable education. That education is not a government gift to the employers. It is paid for while it is being created in schools and universities, and it is paid for in higher salaries when highly educated people are hired.

One of the tricks of professional magicians is to distract the audience's attention from what they are doing while they are creating an illusion of magic. Pious talk about "giving back" distracts our attention from the cold fact that politicians are taking away more and more of our money and our freedom.

I think those examples that those liberal politicians give are so funny. Yes, government created all of those roads, but do people and businesses who pay the taxes that fund the building of infrastructure serve to build the roads or does the infrastructure exist to serve the people?

What's interesting about the President's comments is that this has been called by many to be a defining moment of this campaign season. They reveal what he truly believes, and it seems to be something that is out of step with the electorate. It has also given Romney his voice.

The last week or so since the comments have been made, Romney has been seen has having renewed vigor, and it happens to be an area that is directly within the strengths that Romney possesses - stimulating business.

John Podhoertz had this to say about Romney:

The president’s “you didn’t build that” statement has not only framed the race between Barack Obama and Mitt Romney exactly as Romney needed, it has transformed Romney’s campaign. He gave a very good speech last week at the NAACP convention, but even the strength of that performance was as nothing next to what he’s done over the past two days. I’ve now watched Romney’s speeches yesterday and today centering on the remark and its meaning, and what I’m seeing is a Mitt Romney come alive—or at least, a Romney new to me. He has always been articulate and with a command of facts and figures, but the distanced awkwardness that accompanied them has suddenly vanished. In their place is a loose, fluid, confident, and passionate spokesman defending the free enterprise system against Obama’s government-centered approach. Romney has done something you hear people talk about theoretically but which doesn’t often happen—he has found his voice as a presidential candidate. And it’s all due to Barack Obama. I hope a fruit basket is on the way to the White House. It would only be polite.

This election season is going to be interesting.

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