STUDENT 1: (Joe)
The prompt this week asks, “What is the government’s role in building businesses and creating jobs?” In the speech that President Obama gave while on his campaign trail in 2012, he made a comment in reference to business owners that they are not responsible for success that they have had in building their own business. Depending on your interpretation of the speech, you could see what he says does have some validity. In my opinion, the only validity there is that somewhere along the way, someone did help you. Whether it was paid help, the help of a mentor, or a friend, someone helped you. However, I cannot get on board with the fact that he was insinuating you should not take credit for your own business or that you are not responsible for its creation.
Moving on, the article “Role of Government in Business” lays out a few instances in which the government plays a role in business operations. The main role in which government is involved in business is regulation (Greechie, n.d.). For the sake of argument in response to my post, we are not talking about big government or small government and the difference in regulations that each respective form of government might impose, but solely the fact that the government does regulate such things as permissions, contracts, taxation, and protection of the consumers, employees, environment and investors (Greechie, n.d.). I came across an article that states it is important to look at government as a partnership to businesses (Government’s Role, 2012). Government is responsible for the “scaffolding for education, infrastructure, basic science, security, and health” that allows for people to have jobs (Government’s Role, 2012). It is no secret that the government spends a lot of money. I have been in the military long enough to see that the military contracts out millions (probably billions) of dollars each year to private sector companies to perform work or provide them with some sort of service; in turn, creating jobs for the public.
G. (2012, July 16). Retrieved February 27, 2018, from
Government’s Role in Creating Jobs. (2012, October 28). Retrieved February 27, 2018, from http://www.nytimes.com/2012/10/29/opinion/governme…
Role of Government in Business. (n.d.). Retrieved February 27, 2018, from http://smallbusiness.chron.com/role-government-bus…
For this weeks forum we look at the governments role in creating jobs or how they help with it. This is very easy if you consider federal or state employment relating directly to the government, but for other type of jobs at a local shop or a LLC we try to explore how the government can help with this. After doing some research I found an article from the NYTimes, but it was not the article itself that made me think about this. It was someones comment to the editor of the article where they state that the government creates the infastructure that it is founded on. “It provides the scaffolding for education, infrastructure, basic science, security and health that makes good jobs possible.” (NYTimes 2012) This to me was a very good point brought up. The scaffolding or what it is molded on is the creation of the government that a lot of us forget about. Many things also play into this to include things like healthcare which in some cases is directly from the government depending on said job. Chapter 11 bankrupcy also includes the government because it normally involves a corporation. When filing for Chapter 11 things that are needed are schedules of assets and liabilities, current income and expenditures, a schedule of executory contracts and unexpired leases, and a statement of financial affairs that would explain everything else that is shown from the business. During this process depending on the size of the business or corporation there is other types/categories that it may fall in. In President Obama’s speech he explains how you are taught a certain way or the overall structure of the government that it is created on.
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