they were women entrepreneurs from all across the country. they started their businesses from absolutely nothing. today have grown into successful enterprises that employ hundreds and in certain cases even thousands of people. just think of what our country could achieve if we unleashed the power of women entrepreneurs nationwide. think of that. [applause] so i stand before you as president, but if i wasn t president, i wouldn t be happy to hear that statement. that would be a very scary statement to make. there s no way we can compete with you. i would not be happy. [applause] wouldn t be happy. [applause] one of the business owners i met, lisa phillips used to be
remark remarkable group of leaders, they were women entrepreneurs from all across the country. they started their businesses from absolutely nothing and today have grown them into successful enterprises that employ hundreds and in certain cases even thousands of people. just think of what our country could achieve if we unleashed the power of women entrepreneurs nationwide. think of that. so as a man, i stand before you as president, but if i weren t president, i wouldn t be happy to hear that statement. that would be a very scary statement to me because there s no way we can compete with you. so i would not be happy. just wouldn t be happy. one of the businessowners i met, lisa phillips, used to be
the constitutional issue here. this doesn t seem to be one. this seems to be labor law. employers in the country are required to observe the laws related to employment. i think david was right. it was crystal clear. this is not a constitutional issue. he was clear and the catholic church is exempt from this effort. and its employees. and most recently there was a supreme court that said they could hire anyone they wanted to. and their employees would not get the benefit of kind of coverage. it is the institutions that employ hundreds of thousands of people from varied faiths and they are not hired on a religious basis. if you take a catholic hospital, you are looking at a catholic hospital is both a provider and an employer. on the provision side of this effort, nothing changes.
haven t heard anybody explain the constitutional issue here. this doesn t seem to be one. this seems to be labor law. employers in the country are required to observe the laws related to employment. i think david was right. it was crystal clear. this is not a constitutional issue. he was clear and the catholic church is exempt from this effort. and its employees. and most recently there was a supreme court that said they could hire anyone they wanted to. and their employees would not get the benefit of kind of coverage. it is the institutions that employ hundreds of thousands of people from varied faiths and they are not hired on a religious basis. if you take a catholic hospital, you are looking at a catholic hospital is both a provider and an employer.
there is not easy findable financials about the new bar coming in down the street. it s going to be good. two things i would say about that, one, we talk about local companies, we think about the mom and pop shops, the local bar, the dry cleaner. and, yeah, that s the quintessential local business. but, you know, they can also be companies that employ hundreds of people or high gross start-ups. the defining characteristic here and the distinction i m making is that they re locally owned and rooted in their community so they re a stake holder. quickly. secondly, yes, you have to do your due diligence. no one s suggesting throw that out the window. but i would argue that there is less risk thanks to the proximity and familiar aerat you may have with the companies. and the stake they have in the community and the accountability that comes with that. you can answer my question with a number. and that is if someone is actually thinking about doing this and money to work with, what