Austin Hill

Never did the President suggest that being “dominant” was problematic for the basketball team members. Likewise the President didn’t suggest that being the scoring leader was a selfish or greedy type of pursuit, or that the points were accrued by some sort of corrupt means. The President made it clear that the Lady Bears were number one, and they deserved to be recognized as such.

And might there have been some government-sponsored underpinning to the ladies’ success that the President could have noted? No doubt some of the Lady Bears are attending Baylor University with scholarship funds, some of which are probably generated from private donors and others provided by government agencies.

Yet President Obama didn’t single-out any financial aid recipients and tell them “you didn’t get here on your own,” nor did he bother to remind the players that they didn’t build the courts that they play on. Instead, President Obama chose not to malign the basketball players and coaches at all, but rather gave them high praise for their success.

In America we recognized the value of challenge – not just on the court or playing field, but in business as well. When everyone plays by the same rules, competition can develop human character, produce great products and services – and put lots of points on the scoreboard.

After the London games, our U.S. Olympic Athletes will likely get the “Lady Bear” treatment at the White House. But it is a disgrace that the President of the United States can’t understand the virtues of market competition, the way he understands the benefits of sports.

Austin Hill

Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.