Earlier this summer, President Barack Obama said people who have built American businesses did not achieve that success all by themselves.
In a now infamous line, he said of public roads and bridges that American businesses use: "You didn't build that."
His implication was that a now-enormous federal government did.
Wrong. The American people "built that."
Every dollar that politicians like Obama so grandly pass out comes from American workers and American businesses. On this, the day that celebrates labor, it's important that this be recognized.
The American people work for large corporations, small businesses or for themselves. The strength of the nation depends on whether they can succeed.
Government regulation of the productive sector helps determine whether they can.
The Manufacturers Alliance for Productivity and Innovation commissioned a study of the effect the federal government has on American manufacturers:
- The government issued an average of 36 "major" regulations - those with compliance costs in excess of $100 million a year - between 1993 and 2000.
- The Obama administration has established an average of 72 new regulations per year for manufacturers - up from 45 new regulations per year during former President George W. Bush's administration.
- The U.S. Environmental Protection Agency is the largest source of the regulations manufacturers face, accounting for a total of 972 regulations today.
"Since 1998, growth in the cost of major regulations has far exceeded manufacturing sector growth and overall economic growth," the report said.
Americans have a fast-growing government that creates programs, regulations and debt.
They have a barely growing economy that doesn't create the wealth, jobs or income they need.
Bigger government or bigger economy? That is the choice voters will make on Nov 6.