#1. “You didn’t build that.”
President Obama was here paraphrasing socialist Democrat and Massachusetts Senator Elizabeth Warren. Warren’s speech was a full throated dismissal of private property and embrace of collectivism over individual liberty. While Warren’s defense of big government was artful, Obama’s statement was a clumsy rehash which inflamed the business and free market communities against him. While spending years fighting against the “socialist” label, he bluntly adopted their rhetoric in this speech.