At a campaign event in Roanoke, VA, Barack Obama stated, "If you've got a business, you didn't build that. Someone else made that happen."

I know plenty of small businesspeople who would disagree with the President's sentiment. But more importantly, I think the comment is indicative of our President's failure to grasp fundamental economic concepts. It seems he truly believes all success is given, not earned.

The president's full remarks are available via a transcript posted on the White House website. The relevant quote is towards the end.

UPDATE:

Herman Cain tweeted a link to the above video.

https://twitter.com/THEHermanCain/status/224337650692276224