Barak Obama Lost On How Business Works- Telling Businesspeople, You Didn’t Build That

( United States presiding President Mr. Barak Obama continues to show Americans that he is clueless when it comes to business.  The current US President told a group of supporters-

“If you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there.  It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there.

“If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business, you didn’t build that. Somebody else made that happen,” he said. “The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.”

You can read more here.  Unfortunately, as Mr. Obama has never run a business and has very little real life experience (besides running up the US national debt) in running an organization, his lack of experience shows.

We give an example.  Yes, the national highway system has helped thousands of trucking companies build up businesses of bringing goods from one side of the nation to the other.  However, just having the highway system doesn’t

  • Assure that there will be goods to deliver for suppliers and retail outlets
  • Pay for capital expenditures such as trucks, terminals or the systems to run them
  • Negotiate competitive salaries with drivers and back office staff
  • Sell more services in order to grow the business.

Statements like this worry business leaders in the US as Barak Obama is clearly clueless when it comes to business or just trying to buy the votes of the masses.