On Understanding Obama’s Statement About Business Owners.
By Jake Holder, Moderate Democrat for Congress, NV3, 2014. jakeholderforcongress.com
In defense and explanation of what Obama was trying to say. Please remember, this guy is the President of the USA ! and much much smarter than most Americans. Of course he knows that business owners built their businesses themselves with hard work, determination, and effort. What he was trying to say (that most people don’t understand) is that there might not be “any business at all” unless ALL Americans – taxpayers – mostly the middle class – approved of the Stimulus Plan of 2008 and are now sharing the burden of the excesses of the wealthy few during the economic boom from 1995 – 2006. Please …. review your history. Without the stimulus plan of 2008, we would most likely be in the midst of another Great Depression like 1929. But, because of the Stimulus Plan, we are in the midst of a less painful recession and must slowly work our way out of debt. And, NOT by “less taxes” for the rich and big business (Romney way) to stimulate growth because if we do it that way AGAIN …. we might have another big economic boom, an even bigger crash, and we won’t be able to afford another stimulus package 10-20 years down the road.
The great Republican President Teddy Roosevelt (1900 – 1908) in discussing the “conflict between the men who possess more then they earn and the men who earn more than they possess” quoted Lincoln that “labor is the superior of capital and deserves much higher consideration”. He was not opposed to big business as such (like me) but he believed (as I do) that the great corporations, especially those that practically monopolize the necessities of life (like our modern day Oil, Banking, and Pharmaceutical corporations) should be “supervised and within reasonable limits controlled”. He was know as the “Trust-buster” ! He wrote a letter to his friend stating that he wished wealth might be diffused in such a manner as should “measurably avoid the extremes of swollen fortunes and grinding poverty.” We are at that stage again where corporations for example, hire less expensive oversees workers (out source jobs) just so they can “make more money” or be “more profitable” so the wealthy few get richer while good middle class people lose their jobs and suffer ! I would see that corporations are fined or “taxed” heavily for outsourcing jobs so that it won’t be “profitable” for them to do so. Not just give tax breaks to corps that do the right thing and keep jobs in USA !
If you have deep family Republican roots, then your family agreed with the ideas of the great President Teddy Roosevelt just like I do and the modern day Democrats are more in line with these views then modern day Republicans. Jake Holder, Moderate Democrat for Congress, NV3, 2014. jakeholderforcongress.com