'Somebody invested in roads and bridges. If you've got a business - you didn't build that. Somebody else made that happen.This quote right here shows how imbecilic Obama is with regards to how the economy works. Yes, "somebody" invested in those roads and bridges. It's called TAX DOLLARS. Who is that somebody that provided the tax dollars, tax payers. And who are the tax payers? Business! So, business are the ones that invested in those roads and bridges, NOT government. So a business owner not only invested and worked at building their own business, they also invested in the infrastructure that provided access.
'The Internet didn't get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.'
Also, what's he talking about on the Internet. He's right, it didn't get invented on its own. Government DID create it. But they did NOT create it so companies could make money off of it. DARPA created ARPANET for the military. They created it so that they could have an interconnected network of computers to keep communications in case of a disaster. ARPANET went on to become the Internet. The only reason the Internet is the way it is now (HTTP and the World Wide Web) is because a frenchman had the idea to create links and images on a page that others could reference for research. None of this was initially intended as a for profit venture.
What Obama's speech over the weekend boils down to is his inability to understand that, in our economy, government does not create wealth. It takes wealth. It may create or destroy the ability for wealth generation by affecting the private industry, but government is a destroyer of wealth as it does not create anything.
One final note, Obama makes this statement:
'You didn't have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.'No, but we are now worried that a marauding band of IRS agents will come and seize everything at our factories. (Gibson Guitars)