Romney/GOP didn’t build their case
Grand County, CO Colorado
Like a failed Olympic gymnast, FOX stretched truth so far the other week, it fell off the balance beam.
FOX spent nearly a day trying to parse President Obama’s remarks, claiming what he said made him anti-business, though the sentence was obviously taken out of context. For that and other misspeaks, the fact checkers unanimously called foul.
Undeterred by facts, Mitt Romney hyped FOX’s fib and made it into an attack ad so repetition would turn it into accepted truth.
Common wisdom is that it takes a businessman to help business and the economy, but what the GOP and Romney are proposing would increase the deficit, harm Colorado’s tech sector, increase small businessmen’s taxes, and blow back on Grand County.
Here in context is what Obama said: “If you were successful, somebody along the line gave you help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have allowed to thrive. Somebody invested in roads and bridges … If you’ve got a business, you didn’t build that. Somebody else made that happen. … The point is, is that when we succeed, we succeeded because of individual initiative, but also because we do things together.”
FOX/Romney took out of context, “If you’ve got a business, you didn’t build that. Somebody else made that happen,” ignoring that the president was referring to roads, bridges and education. Romney then fabricated what Obama said with “small business owners do not deserve any credit for their own success.” The Washington Post fact checker gave Romney three Pinocchios out of four for those deceits.
Obama ‘s statement gave credit to individual initiative, but he also said that government can help entrepreneurs.
Colorado has especially benefited. Denver International Airport is the engine of our tourist and business sector and federal money made its construction possible. Entrepreneurs seized the opportunity and created new businesses. That kind of Front Range growth drives most of Grand County’s second home market, skiers, restaurant, retail and lodging customers.
Furthermore, the Ryan plan relies almost solely on cuts in discretionary spending, which includes reduced money for education and cutting edge research and development, upon which Colorado’s development of industries of the future depends . Business by themselves cannot always fund research and development, but entrepreneurs can start up a new business based on research performed by government agencies such as Golden’s National Renewable Energy Laboratory and by government grants for bio tech research centered at the University of Colorado.
That high tech stimulus money went to foreign countries, per a Romney attack ad, got two Pinocchios for distortion from the Washington Post fact checker July 26. While some manufacturing jobs were generated abroad, the actual stimulus money was spent in the U.S. on U.S. jobs.
The Ryan budget plan called “marvelous” by Romney would not cut the deficit, bad news for those who believe the key to economic revival is deficit reduction. Ryan’s plan would increase the deficit more than “current laws,” per a March Congressional Budget Office analysis.
Sensitive to the fact that entrepreneurs start as small businesses, Obama has reduced small business taxes multiple times, and any proposals for increasing taxes or Obamacare mandates exempts 97 percent of small business.
Last week Mitt Romney proposed his tax plan that would raise taxes on middle income, including small business owners. The website http://www.factchecker.org analyzed Romney’s plan and concluded it was impossible to cut taxes to the rich without raising taxes on the middle class. The Urban/Brookings Institute Tax Policy Center reported Romney’s plan would increase middle income class taxes by $2,000 a year. The Washington Post fact checker and http://www.politifact.com agreed. Romney tried to discredit the policy center, but the fact checkers stood by the Center’s credibility.
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