It’s the Mixed Economy, Stupid

Last night, GOP business owner and candidate for lieutenant governor of Delaware, Sher Valenzuela, addressed the convention as part of “We Built It” night.  She and her husband started an upholstery business.

The thing is, Valenzuela got $2 million in loans from the Small Business Administration and $15 million in government contracts.*  Without these, I don’t know if her business would exist or be as successful as it is.

I will stipulate that she worked hard and took on risk if she (and Mitt and the GOP) will stipulate that she’s gotten considerable help from the government.

This attack on President Obama about who built what is a really stupid meme.  Government builds infrastructure and offers both direct and indirect help to entrepreneurs.   We have a mixed economy.  We don’t have pure capitalism.  And contrary to the GOP, we won’t have socialism if Obama is reelected.

* Media Matters for America