Fact Check: Romney Ad Slams Obama's Business Remarks - 8 News NOW

Fact Check: Romney Ad Slams Obama's Business Remarks

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Claim: An advertisement endorsed by Republican presidential candidate Mitt Romney that is airing on KLAS-TV Channel 8 quotes President Barack Obama as saying: "If you've been successful, you didn't get there on your own. You didn't get there on your own. I'm always struck by people who think, ‘Well it must be cause I was just so smart.' There are a lot of smart people out there. ‘It must be because I worked harder than everybody else.' Let me tell you something. If you got a business, you didn't build that. Somebody else made that happen."

Verdict: Misleading. The ad, which continues with a business owner and then Romney criticizing Democrat Obama over his statement, took his quotes from a July 13 campaign event in Roanoke, Va., out of context. Obama led into his remarks by arguing for a combination of government cuts and tax hikes for the wealthy. "There are a lot of wealthy, successful Americans who agree with me -- because they want to give something back," Obama said. He then made the remarks quoted in the Romney ad up to the point where he said: "Let me tell you something. There are a whole bunch of hardworking people out there. If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you've got a business, you didn't build that. Somebody else made that happen. The Internet didn't get invented on its own. Government research created the Internet so that all the companies could make money off the Internet. The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together." The proper context was Obama's argument that there are certain things -- he mentioned the GI Bill, creation of the middle class, construction of Hoover Dam and the Golden Gate Bridge, and the manned moon landing -- that work better when government and its citizens work together.

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