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HuffPo and Media Matters are at it again. Sher Valenzuela, who will speak at the Republican Convention, funded her business start-up using SBA loans, and is being trashed for it. But the criticism is misplaced.
Almost all small businesses need outside financing. Some receive money from friends or family. Others from capital investment firms, like Bain Capital (venture capital - Google it).
Quote:
From wikipedia: "One of the first steps toward a professionally-managed venture capital industry was the passage of the Small Business Investment Act of 1958. The 1958 Act officially allowed the U.S. Small Business Administration (SBA) to license private "Small Business Investment Companies" (SBICs) to help the financing and management of the small entrepreneurial businesses in the United States."
However, financing wasn't what Obama was talking about. Neither was he talking about "roads and bridges" as he claims. He believes that it is by the exploitation of others that entrepreneurs succeed; that "they didn't get there on their own" or through their own effort.
But, a business succeeds or fails based on the actions and activities of the entrepreneur. Hard work, and long hours, sacrificing family time. The tasks of sales and marketing, advertising, purchasing, billing, shipping are often all done by the owner himself.
A business owner takes all the risk. An employee works for a wage, and has no stake in the company; no risk of loss. An employee agrees to do a job for a given wage or salary by mutual consent.
In Obama's world, there are the "exploiters" (business owners) and the "exploited" (employees). An employee is "exploited" to make the owner rich. This is what labor unions believe, and Obama was speaking their language. He was pandering to his union base.
Obama is still wrong. Sher Valenzuela, you did build that!
Valenzuela's company received roughly $17 million in federal loans and contracts and she's openly encouraged other business owners to rely on taxpayer funding, Media Matters reported Thursday.
So yeah, WE did build it. It's not trashing Valenzuela to tell the truth. She did good, and worked really hard to make her business a success, but she didn't do it by herself - she did it with help from the federal government.
Again from the article:
Quote:
"But where do I start?" Valenzuela wrote in a presentation to a group of women entrepreneurs at a Delaware business conference earlier this year. "With your BIGGEST secret weapon!" the presentation read. "You start with the no cost/low-cost resources that you, the taxpayer, have already paid for."
Valenzuela's advice -- to rely on government funds when growing a business -- stands in stark contrast to Republicans' "We Built It" slogan, which seeks to capitalize on a controversial remark made by President Barack Obama on July 13.
Sounds to me like she's the perfect speaker for the GOP Convention ... which, by the way, is being held at the Tampa Bay Times Forum, a facility built in large part (over 60%) by government money.
HuffPo and Media Matters are at it again. Sher Valenzuela, who will speak at the Republican Convention, funded her business start-up using SBA loans, and is being trashed for it. But the criticism is misplaced.
Almost all small businesses need outside financing. Some receive money from friends or family. Others from capital investment firms, like Bain Capital (venture capital - Google it).
However, financing wasn't what Obama was talking about. Neither was he talking about "roads and bridges" as he claims. He believes that it is by the exploitation of others that entrepreneurs succeed; that "they didn't get there on their own" or through their own effort.
But, a business succeeds or fails based on the actions and activities of the entrepreneur. Hard work, and long hours, sacrificing family time. The tasks of sales and marketing, advertising, purchasing, billing, shipping are often all done by the owner himself.
A business owner takes all the risk. An employee works for a wage, and has no stake in the company; no risk of loss. An employee agrees to do a job for a given wage or salary by mutual consent.
In Obama's world, there are the "exploiters" (business owners) and the "exploited" (employees). An employee is "exploited" to make the owner rich. This is what labor unions believe, and Obama was speaking their language. He was pandering to his union base.
Obama is still wrong. Sher Valenzuela, you did build that!
this is what i am afraid of to many people including republicans counting on governemt.. Sher Valenzuela did build it and not the government. under Obamas logic every one should have their own business with the hep of the government, why then doesnt every one own a business? Obama is a solid socialist. who thinks most humans are idiot, dumb not very bright and in need of some one as smart as he is to guide them and tell them what is best for them. like a king or a dictator because knows what is best for all humans beings!!
So yeah, WE did build it. It's not trashing Valenzuela to tell the truth. She did good, and worked really hard to make her business a success, but she didn't do it by herself - she did it with help from the federal government.
Again from the article:
Sounds to me like she's the perfect speaker for the GOP Convention ... which, by the way, is being held at the Tampa Bay Times Forum, a facility built in large part (over 60%) by government money.
Every business needs financing. That isn't what we are talking about, and that isn't what Obama was either.
You're example above is a poor one. That was contracted work, to build a facility, not an entrepreneur building a business.
this is what i am afraid of to many people including republicans counting on governemt.. Sher Valenzuela did build it and not the government. under Obamas logic every one should have their own business with the hep of the government, why then doesnt every one own a business? Obama is a solid socialist. who thinks most humans are idiot, dumb not very bright and in need of some one as smart as he is to guide them and tell them what is best for them. like a king or a dictator because knows what is best for all humans beings!!
This is a snippet from company history that I found. Perfect example of "We built that."
"The company [Fairchild] was really in the right place at the right time. In the first place, we pursued this idea of a diffused silicon transistor that Shockley had been initially going to do. It was something that had been made in the laboratory at Bell Labs but was not a commercial device at all. We were the first ones to bring to the market what's known as a "mesa" transistor and it was a silicon mesa transistor at that time. It was quite a successful device on the scale that we were working at least, but that was only the first of several devices.
That was the first silicon transistor that was built by the batch process where you made a lot of them on a wafer and then cut them up individually. And it was the first device in manufacturing that used photolithography to produce the structures. Speaking of lithography reminds me that when Fairchild started, we split the major processes that had to be developed among the participants there and Bob Noyce had responsibility for setting up the lithography capability. He went to San Francisco to a large camera store and dug through their supply of 35mm movie camera lenses excuse me,16mm movie camera lenses and picked out the three that were best matched in so far as focal length was concerned. And those were the optics in the step and repeat cameras we built to make the first transistor structures. In other words, there was no... you had to build everything in those days... there was no industry that built this...
Every business needs financing. That isn't what we are talking about, and that isn't what Obama was either.
You're example above is a poor one. That was contracted work, to build a facility, not an entrepreneur building a business.
So you are gonna continue to ignore the fact that she received a government loan to start her business? Makes sense, ignore the truth when it doesn't fit your story. That is the republican way afterall.
So you are gonna continue to ignore the fact that she received a government loan to start her business? Makes sense, ignore the truth when it doesn't fit your story. That is the republican way afterall.
Damn, how dumb does one have to be to not understand the meaning of a simple 4-letter word: L.O.A.N.
Clue: Loans don't pay themselves back. One must work hard enough and be smart enough to pay it back to be successful.
Every time someone proposes to build a big business or factory somewhere, cities and/or states scramble to put together a package of incentives to get that factory or business for their community. Incentives could come in the form of free land, tax breaks and building infrastructure to get water, sewer and roads where they'd be needed. Sure, the business or factory could be said to have built their organization BUT how can Republicans deny that they still needed goverment support? Government low interest loads are just a part of it, but also an important part. Sher Valenzuela got around 17 million in government loans and contracts and she is saying she "we built it" entirely on her own? Nonsense.
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About Fairchild Semiconductor, for example:
