The National Federation of Independent Business, America’s leading small business association representing small and independent businesses, has released a statement responding to President Obama’s claim Friday that, “If you’ve got a business — you didn’t build that. Somebody else made that happen.” The statement reads:
What a disappointment to hear President Obama’s revealing comments challenging the significance of America’s entrepreneurs.
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.
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.