|Motto: "We became wealthy by ourselves."|
Mitt Romney's been making a big deal of President Obama's "you didn't build that" comment. But more than half of the "we did it ourself" companies he's featuring on campaign stops depend heavily on the government. They've borrowed money from, benefited from tax credits by and sold refrigerator magnets and boat propulsion systems to the federal government.
To back up a little, here's what Obama said:
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. 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.Romney immediately pounced. And now he's holding 24 "We Did Build This" events in battleground states. And guess what? The companies featured got lots of government help. The Miami Herald reports that Romney's campaign featured two government contractors from Tampa who said they didn't need government.
Think Progress reports:
Perhaps Romney should go to Somalia to see how well people fare without a strong central government. Good luck with the warlords.