July 28, 2012

Refuting Obama: The Story of Henry Ford

By Isaac Martin
Everyone is by now familiar with President Obama's famous collectivist speech in Roanoke, Virginia. Governor Romney promptly reacted to these statist sentiments, saying, "The idea that Steve Jobs didn't build Apple, that Henry Ford didn't build Ford Motor, that Ray Kroc didn't build McDonald's, is not just foolishness; it is insulting to every entrepreneur, every innovator in America. And it's wrong." Truly, in addition to their efforts, entrepreneurs did get help, but it was from private -- not government -- investors and employees, who in turn were rewarded with pay, promotions, and dividends. Romney's Ford Motor Company example is worth exploring.  Mr. Ford's company literally transformed, in an immense, economically positive way, the American landscape with his cars, which linked directly to roads and bridges. Today, few people are aware of Ford's start.  Consider Obama's "great teacher" archetype.  Ford's education took place in a one-room schoolhouse via McGuffey...(Read Full Article)