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Ed Butowsky of Chapwood Investments argues the president’s stance on business is hampering entrepreneurial growth.
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-- the big story on -- and company today president Obama's comment on being successful in America listen to this one more time please if you trust us.
-- -- -- someone in your life.
Some say helped a quick.
This.
Unbelievable American system that we have been allowed you to thought.
Some of them -- roads and bridges that you got a business.
That you don't build that.
Somebody else made the.
And but just -- from chapel investments joins us now from Dallas -- -- -- and you continue to run a successful business you'll take on the president's comments place.
I'm not I'm just speechless and he basically what the president did he just spit in the face of every American go to work every day.
Entrepreneurs to take risk and I sat there and I work my tail off sort.
And I don't remember any government agent.
Nearby watching me in helping me grow that business quite frankly there watching I have to pay a lot of money to -- and be able to make sure that I -- Following all the regulations and all the rules but -- I watch Contra north every single day start businesses with an idea.
Go out and take risks and grow those businesses and some of them have become some of the biggest companies that we have in this country today.
The government really is a wet blanket on top of most of these people and we try to navigate around whatever rules and regulations they happen but.
What we have right now that's embarrassing that we live in a country where our president said what he just said if we have a business.
It wasn't us that foreign -- it was the government.
I don't understand why the president should do this why is he -- laughed.
Capitalism.
Private enterprise small businesses why would -- it was almost an insult.
To say that you've got a small business you've been successful you didn't do what you didn't build -- you have to have help from us the government we built the roads for you.
Right it's almost an insult and I don't understand why this president would do act.
Well because because he's trying.
Didn't really what he's doing he's going after Romney and trying to basically say that Romney might have all of this money but he got it not because he's a Smart guy.
It's because somebody else some mystical being out there did it and -- Charles said it perfectly earlier.
-- tax dollars come from they come from corporations and individuals what does that come from comes from people and creating the economy growing the economy build bridges and roads.
Word of that money come from it came from people like you Stewart and me and everybody watching this show right now for the present -- say that he came from somewhere else although right now the print a lot of that money aren't that.
But to -- that that had those tax dollars just came out of the sky is not true he came from people like you and me and everybody else watching right now working their tails off every single day to make this economy work.
And we don't need to have him literally spit in our.
Our faith and tells what we're doing is not worthy you'll find out that on -- I really am I I just cannot believe what I have to listen to almost every day that comes out of this administration.
With the it will -- their desire to get reelected that's all this is it makes no sense and we got to somehow seems the -- begin October -- back to work.
Have risk takers and let's get this economy going looks -- all this nonsense.
I wanna change the subject to dramatically for a second here because okay Barton Biggs has passed away yet he was 79 years old.
I think he was the co-founder of one of the very first hedge funds back in the mid 1960 -- recall.
But.
And I think you knew him possibly did you know.
Yeah I did -- Barton Biggs was one of the great minds the Wall Street anybody who's in the business in the mid eighties.
Up and through really actually stayed in the business for quite some time he was running a hedge fund recently but he was the chief strategist at Morgan Stanley.
And and he was a great thinker he usually one against the grain he said rolls on his mind and and I think a lot of listening to learn that in the business because.
Barton Biggs was one of the guys when he spoke.
Everyone listened.
Really demand a great great.
Person -- -- -- our business and he's gonna be really -- for many years to come a lot of people are very sad by his.
Passing my great guy I do agree straightforward honestly is a wonderful feeling and he will indeed be missed fall flat.
-- very -- always a pleasure thanks for being with us today thanks.
