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article imageTurns out guy in Republican ad had help to build small business

By Marcus Hondro     Jul 29, 2012 in Politics
It turns out that a small-businessman from New Hampshire who appeared in a Republican ad in response to Barack Obama's assertion business owners get help and working together is part of the American way, did get help. In the ad he implied he did not.
In the GOP ad Jack Gilchrist, of Gilchrist Metal Fabricating Company, asked why the U.S. president was demonizing him for working hard and claimed only his hands and the hands of his father built the company. Gilchrist hands may well have built the company but the New Hampshire Union-Leader ran a story that pointed out their hands weren't working alone.
The Gilchrist family had help, government help, and lots of it. Among other legs-up, his company had $800,000 in tax-exempt bonds from the state of New Hampshire, a loan guaranteed by the Small Business Administration to the tune of almost $500,000, federal trade assistance adjustments and government contracts.
Small businessman: "I'm not stupid"
In response to the newspaper asking him about his government leg-ups, Gilchrist said he wasn't about to "turn a blind eye because the money came from the government" and was just "getting some of my tax money back." He did not address the fact he wasn't being taken to task for taking help but for suggesting Obama was wrong when he said getting it was part of success when, in the case of the Gilchrist Metal Fabricating Company, Obama was correct.
“I’m not stupid," Gilchrist said about government help. "I’m not going to say ‘no.’”
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