Andersonville, TN - January 28, 2010 - U.S. Congressional District 3 candidate Mark DeVol responds to President Obama's Inexperience in Business.

In his State of the Union Address last night, President Obama stated: …the true engine of job creation in this country will always be America's businesses. But government can create the conditions necessary for businesses to expand and hire more workers.

Mr. Obama, when freed from government regulation/taxation the inherent nature of small business is to expand and hire workers. To make the statement that government can create the conditions…implies that government first created the conditions that prevented businesses from expanding/hiring.

On September 18, 2007, you presented your Tax Fairness Plan; you proposed increasing the capital gains rate from 15 to 28 percent and last night you proposed eliminating all capital gains taxes on small business investment. Mr. Obama, capital gains are realized on profits generated from the sale of assets/property, i.e. the sale of my business. How is this an investment and how does this stimulate the economy?

Additionally, you proposed taking $30 billion of re-paid Wall Street banks loans…to help community banks give small businesses the credit they need to stay afloat. Mr. Obama, small businesses do not finance/borrow operating capital to stay afloat. Capital purchases - land, buildings, machinery, etc. are financed from time-to-time by small business. However; the majority of us small businessmen use the time honored principle of "pay as you go".