Some thoughts from some smart people on President Obama’s Roanoke Speech:

http://econlog.econlib.org/archives/2012/08/the_presidents.html

To me, the speech was not troubling because the President was picking on the little guy. It is also not troubling because he shows a preference for government solutions over private solutions. It is troubling because he is making the case why business owners don’t deserve a strong right to their property. He has made the case why he won’t strongly defend their property rights. This is terrifying because we know that if the government will not defend property, it is lost. Period. The property has value and value is pursued by humans. If the government will not protect your property, it will be lost. I would even go so far as to say that without government, there is no property. And here we have the leader of our government explaining why he will not protect it. This terrifies me. The first rule of property: If you don’t protect it, you lose it.