During a campaign speech in 2012 President Obama stated “If you’ve got a business, you didn’t build that. Somebody else made that happen.” (Jacobson, 2012, Para. 4).

You can watch the excerpt from the speech here: https://www.youtube.com/watch?v=YKjPI6no5ng Contrast this with Presidents Trump’s pro-business policies: https://nypost.com/2017/01/25/stock-market-soars-amid-trumps-pro-business-moves/ What is the government’s role in building businesses and creating jobs? Incorporate the material from the required readings along with scholarly outside research. All sources used must be cited. Please review the grading rubric that is posted in the lessons. Please also reply substantively to at least two classmates. Here is the cite for the Jacobson article: Jacobson, L. (2012, July 18) In context: Obama’s you didn’t build that’ comment. Politifact. Retrieved from https://www.politifact.com/truth-o-meter/article/2012/jul/18/context-obamas-you-didnt-build-comment/ Student Post: “In this country we run on a capitalist style economy. As such, the ideal way for this to happen is for government to have as little intervention into the running of the economy as possible and to let the markets run unhindered and for companies to thrive and decay in a unhindered manner. This has raised concerns with many and has resulted in legislation to limit businesses and how they do business in order to prevent certain abuses and level the playing field for everyone engaging in business in the markets. Governments role in the economy is to create an environment with as little intervention as possible, and to put in place a environment where business can thrive and incentivizes business growth and the hiring of new employees resulting in job creation and the expansion of the United States economy. So in reality, a balance must be made between governmental control and intervention, as well as the free markets. It is in this “sweet spot” that the government can best be utilized to empower the economy and all those that do business within it.”
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