“End the Fed” author and Texas Representative Ron Paul will once again face Federal Reserve Chairman Ben Bernanke in front of the House Financial Services committee, but it’ll probably be for the last time.
“It’ll be hard to think up anything brand new other than reiterating my concerns over the last 30 years,” he told The Hill magazine. But none-the-less, Paul will likely once again renew his concerns over the Federal Reserve’s involvement and influence over monetary policy in the United States.
President Obama apparently finds himself with the requisite business credibility to lecture successful business owners on how much of their success is owed to others rather than their own hard work and determination.
“There are a lot of wealthy, successful Americans who agree with me — because they want to give something back. They know they didn’t — look, 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.”
Well yes, President Obama. While certainly there is some degree of help provided by others that cannot be denied, successful businesses are rarely spawned by the brains of dumb people. Why is our president, who has nothing in his past that could even be remotely tied to business experience, lecturing the American business community about success?
“The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires.”
Clever. Linking the services that our tax money goes to fund for the protection of all people and owning a private business designed to make money and hire portions of the population. The point is, Mr. President, that businesses succeed because of sheer will and determination of the business owner. It is easy to give up, but it is not so easy to remain steadfast in pursuit of bigger and better things. Help is wonderful, no doubt, but help cannot make up for laziness, and it is definitely no substitute for mediocrity.