Entrepreneurial

Small business prominent in State of the Union

January 26, 2011

OBAMA-SPEECH/President Barack Obama’s State of the Union address was peppered with references to small businesses and other Americans who he applauded for living the “American Dream.” Following is a roundup of excerpts from the speech where he mentions small business.

On progress:

“We are poised for progress. Two years after the worst recession most of us have ever known, the stock market has come roaring back. Corporate profits are up. The economy is growing again. But we have never measured progress by these yardsticks alone. We measure progress by the success of our people. By the jobs they can find and the quality of life those jobs offer. By the prospects of a small business owner who dreams of turning a good idea into a thriving enterprise.”

On innovation and the future:

“No country has more successful companies, or grants more patents to inventors and entrepreneurs. We are home to the world’s best colleges and universities, where more students come to study than any other place on Earth… The first step in winning the future is encouraging American innovation. None of us can predict with certainty what the next big industry will be, or where the new jobs will come from. Thirty years ago, we couldn’t know that something called the Internet would lead to an economic revolution. What we can do – what America does better than anyone – is spark the creativity and imagination of our people. We are the nation that put cars in driveways and computers in offices; the nation of Edison and the Wright brothers; of Google and Facebook. In America, innovation doesn’t just change our lives. It’s how we make a living. Our free enterprise system is what drives innovation.”

On improved Internet coverage:

“Within the next five years, we will make it possible for business to deploy the next generation of high-speed wireless coverage to 98 percent of all Americans. This isn’t just about a faster internet and fewer dropped calls. It’s about connecting every part of America to the digital age. It’s about a rural community in Iowa or Alabama where farmers and small business owners will be able to sell their products all over the world.”

On healthcare reform:

“Now, I’ve heard rumors that a few of you have some concerns about the new healthcare law. So let me be the first to say that anything can be improved. If you have ideas about how to improve this law by making care better or more affordable, I am eager to work with you. We can start right now by correcting a flaw in the legislation that has placed an unnecessary bookkeeping burden on small businesses.

What I’m not willing to do is go back to the days when insurance companies could deny someone coverage because of a pre-existing condition. I’m not willing to tell James Howard, a brain cancer patient from Texas, that his treatment might not be covered. I’m not willing to tell Jim Houser, a small business owner from Oregon, that he has to go back to paying $5,000 more to cover his employees.”

On the American Dream:

“That dream – that American Dream – is what drove the Allen Brothers to reinvent their roofing company for a new era. It’s what drove those students at Forsyth Tech to learn a new skill and work toward the future. And that dream is the story of a small business owner named Brandon Fisher. Brandon started a company in Berlin, Pennsylvania that specializes in a new kind of drilling technology. One day last summer, he saw the news that halfway across the world, 33 men were trapped in a Chilean mine, and no one knew how to save them. But Brandon thought his company could help. And so he designed a rescue that would come to be known as Plan B. His employees worked around the clock to manufacture the necessary drilling equipment. And Brandon left for Chile. Along with others, he began drilling a 2,000 foot hole into the ground, working three or four days at a time with no sleep. Thirty-seven days later, Plan B succeeded, and the miners were rescued. But because he didn’t want all of the attention, Brandon wasn’t there when the miners emerged. He had already gone home, back to work on his next project. Later, one of his employees said of the rescue, “We proved that Center Rock is a little company, but we do big things.” We do big things. From the earliest days of our founding, America has been the story of ordinary people who dare to dream. That’s how we win the future. We are a nation that says, “I might not have a lot of money, but I have this great idea for a new company.”

Comments
4 comments so far | RSS Comments RSS

Small Business “Prominate” in State of the Union. LOL HAHAHA, it is laughable this SocialMarxist is now mentioning Small Business. Obama is nothing more than an empty suit. LIke Clinton words mean NOTHING! We get lip service from this moron and nothing else. Obama is anti-Capitalism and anti-Free Enterprise are we now to believe he’s changed? He does it so those left wing newswriters/readers on CNN and MSNBC can fall over themselves as they lap up the rhetoric that Obama spews. Hey it sounds good, the annointed one has spoken. This is the same guy who is now redefining what the word “Spending” means. It’s now Investment or Invest. What a joke. He’s going to continue to spend us out of this recession? Come on.. nothing about cutting spending, nothing about reducing gas and oil prices. Nothing but Government “Investing”! What a joke!

Posted by VitoRJ | Report as abusive
 

Then Mr President if you and your administration would step aside and stay out of the way for the next two years you would see great progress without the spending of our childen’s future. I promise you the recover would be much, much faster and without all the expense. And Mr. President you could still take all the credit for the recovery.
Secondly, if you’d get out of the healthcare business prices for care would decrease significately. Why does goverment ALWAYS think they have ALL the answers?

Posted by bigpic | Report as abusive
 

We are a US based company with a revolutionary product for home & safety. It has won many local, national & international awards and has a projected 80 Billion dollar US market and already has had interest in 7 other Countries.
We have currently been in business for over 3 years. Along the way we won a Governors business conference and were promised some “Stimulus money” to expand to meet the demand. Of course we were not “too big to fail” so all we received were idle promises. Then we won an International award at INPEX®, Invention & New Product Expo and this added increased demands for our products. We were approved for a Small Business Administration (SBA) loan but of course, no banks were lending to businesses. We were forced to restructure the Corporation to allow for private investment and file the necessary paperwork with the Securities & Exchange Commission.
Now we have an extremely large marketing firm that is interested in our products to take it nationwide then internationally and still in the process to raise the needed capital. We are only seeking 10% of what the Company is valued at and will be creating 3-400 much needed jobs in the process. We are still seeking investors but will factor any necessary additional.
The US and many State Governments, although they talk job creation we have seen none. They also state they are helping business owner that want to expand….where we cannot even get a meeting with our elected officials. They set one up, but before it they cancel, due to some outrageous excuse.

We are not looking for handouts; we are looking for a fair chance.

http://www.2help911.com

Posted by jwhickman | Report as abusive
 

If the government would really like to help my business, they could force banks to lower their intrest rates on my line of credit. If they get money at 0%, why am I paying them 9.5% that is about 4% more than what it costs them to do business. If my financing overhead was cut in half, I could pay down my debt faster and be in a better position and have money avaliable to take advantage of more opertunities to invest in my company. I believ that as soon as this crisis started in November of 2008, the fed should have allowed businesses to keep 50% of our employee tax contribution and put that money to work. When the government takes in money and then redistributes it, they loose at least 30% to overhead.

Posted by MikesArero | Report as abusive
 

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