Obama: ‘We don’t want to tax all businesses out of business’

Obama headscratch
photo credit: Right Change.com

President Obama stayed true to character when speaking at a fundraiser for the Democratic Senatorial Campaign on Friday in Palo Alto, California.

His brief comments were in line with similar anti-business statements he has made in the past like “If you’ve got a business, you didn’t build that. Somebody else made that happen.”

Other memorable declarations were about cap and trade and the coal industry, according to CNS News:

 “The coal industry would have to meet the rigors of that market and the ratcheted-down caps that are being placed, imposed every year,” he said.

“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted,” Obama said.

The latest negativity toward businesses came with a powerful statement, followed by a “but.” Listen to the video, courtesy of CNS News.

“I know that there are a few Republicans here in the audience. If you talk to us, it turns out we’re pretty common-sense folks.”

“We don’t think government can do everything,” he said. “We don’t think that top-down solutions are the right way to go. We believe in the free market. We believe in a light touch when it comes to regulations.”

“We don’t want to tax all businesses out of business,” Obama said. “But we do think that there’s a role to play for government.”



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