‘And what do you know?’: Business leaders hit back at Obama after he says the wealthy AREN’T responsible for their own success
- National Federation of Independent Business slams Obama for remarks challenging significance of U.S. entrepreneurs
- Obama told supporters over the weekend that it was governments – not individuals – who create jobs
- Romney camp adds that his view shows how unqualified he is to lead the country into economic recovery
- Radio host Rush Limbaugh accuses the president of ‘destroying the American dream’
America’s leading small business association has slammed Barack Obama for showing ‘an utter lack of understanding’ of the country’s entrepreneurs when he told them: ‘If you’ve got a business – you didn’t build that. Somebody else made that happen.’
In a hard-hitting statement to Mail Online, the National Federation of Independent Businesses (NFIB) president Dan Danne said: ‘What a disappointment to hear President Obama’s revealing comments challenging the significance of America’s entrepreneurs.
Mr Danne added: ‘His unfortunate remarks over the weekend show an utter lack of understanding and appreciation for the people who take a huge personal risk and work endless hours to start a business and create jobs.’
An NFIB spokesman added: ’I'm sure every small-business owner who took a second mortgage on their home, maxed out their credit cards or borrowed money from their own retirement savings to start their business disagrees strongly with President Obama’s claim. They know that hard work does matter.
‘Every small business is not indebted to the government or some other benefactor. If anything, small businesses are historically an economic and job-creating powerhouse in spite of the government.’
The NFIB was founded in 1943 and has some 350,000 members. It is officially a non-partisan organisation but tends to contribute heavily to Republican candidates. In 2010, 25 of its members, all republicans, were elected to Congress.
David Chavern, executive vice-president and chief operating officer of the U.S. Chamber of Commerce, said that the basic idea behind Obama’s comments, and other similar sentiments expressed by allies, ‘is really objectionable and offensive.