In response to:

Why “You Didn’t Build That” Won’t Go Away

petroleum engineer Wrote: Aug 01, 2012 12:32 PM
I went through the same routine. The difference was that I started with less than a thousand dollars - survived on retainer fees paid by clients to fund my early days. The took in investors as projects grew larger and more expensive. I gambled, lost, rebuilt, gambled, lost and rebuilt again. That's the private enterprise systerm - the right to succeed and the right to fail. Unfortunately for me - I failed big time in 2007 at the ripe old age of 84. I am not bitter - I gave it a real run for over 50 years and often enjoyed the fruits of my labor. Moslty enjoyed the sweetness of success - not money, but accomplishment. I gave voluntarily and often anonymously to education, to my church.

President Obama’s self-revealing “You didn’t build that” speech in Roanoke, Va., is turning out to be the gift that keeps on giving.

The speech was delivered July 13, and the New York Times last week dubbed it “the campaign story that will not go away.” There are several reasons why this story won’t—and must not—go away.

Reason number one is that this is the first time that President Obama has revealed for public consumption a foundational tenet of his economic theory. The Obama administration has a history of being cagy. For example, we think we know why White House...