The Real Context of "You Didn't Build That"

Michael Medved

7/27/2012 2:17:45 PM - Michael Medved
President Obama should acknowledge that he misspoke in his infamous rant insisting that “if you’ve got a business, you didn’t build that.” Instead, he’s running ads claiming he was quoted out of context. The actual context only makes it worse, since he’s explaining his bid to raise taxes on success by insisting prosperous people have no real right to profits from their businesses. That’s why he said there are “a lot of smart people out there” and “there are a whole bunch of hardworking people out there” – suggesting personal achievement is based on dumb luck, or selective favor of government. In the same speech, he declared Clinton era government “created…a lot of millionaires” – implying those millionaires didn’t make their own money and have no real right to it. The president should disown, not defend, his own clumsy but revealing statements.