The Death Of Entrepreneurship

[Geee]

Investors Business Daily:

Steve Jobs: The college dropout who started a company called Apple changed the world and our lives for the better, creating jobs, wealth and opportunity. He didn't need an industrial policy picking winners and losers.

It is fitting that many people learned of the passing of Steve Jobs on devices of his making. The iPods and iPads that sprang from his creative imagination and bold leadership have changed society in ways that can't be counted, starting with the way we obtain and disseminate news and entertainment.

He joins the pantheon of American genius that includes Thomas Edison, the Wright Brothers, Henry Ford and many others before and after who demonstrated what free minds in a free country that relied on free markets were capable of.

Once, we were a country that created and made things that changed lives and society for the better.

We built what President Obama called the "intercontinental railroad." Our greatest generation saved the planet from incomprehensible tyranny and a new dark age. We went to the moon.

Now we are largely a service economy, one that consumes rather than creates. We are in debt up to our proverbial eyeballs to those who once lined up to buy what we made. We shuffle forms and papers, largely to and from a government that regulates, taxes and stifles the current generation of entrepreneurs.

Steve Jobs, the visionary who dropped out of Oregon's Reed College after one semester, went on to co-found a startup company called Apple in his parents' Silicon Valley garage. He and Steve Wozniak built their first commercial product, the Apple I, in 1976.

From that beginning would spring the Apple II and Macintosh computers, the iPod, iPhone and iPad, and stores both brick-and-mortar and online. Jobs hit speed bumps along the way but kept his dreams alive in a country that used to let dreamers thrive and prosper.

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That his death came on the same day that Senate Majority Leader Harry Reid proposed a 5% tax on millionaires and billionaires like Steve Jobs is both ironic and fitting. The tax is to be included in what is laughingly called a jobs bill, another redistribution of wealth from those who know how to create it to those who know how to take it from others.

It would be impossible to calculate the number of jobs and economic wealth Steve Jobs created both directly and indirectly. He was a winner, and he worked his wonders before government, this government, took upon itself the job of picking winners and losers. He didn't need a bailout or a $535 million stimulus loan guarantee. Steve Jobs created Apple; President Obama picked Solyndra.

[Pepper]

Geee!

Steve Jobs created Apple; President Obama picked Solyndra

 

Ouch, that's gotta hurt.