While you have a point, Obama isn't going to make anyone's startup succeed, you are off base. Saying that a job is created by "growing existing businesses" or "creating new businesses" is insightful, as it gets back to the core of what is needed. As far as the private sector is concerned, jobs are created by growing and new businesses.

With the massive amounts of cash that has been thrown at shrinking big businesses in the recent past, it is important to recognize that over half of Americans work in small business, and it is the small businesses that are having the most difficult time accessing capital. Not just in the valley, but the mom and pop, brick and mortal business that should be considered the bread and butter of society.

Yes the author is focused on his own plight, in a slightly whiny and entitled sort of way, but that doesn't mean he doesn't have a point.