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henry ford s first company fail completely. it was called the detroit automobile company and ford took so long to design his car that is financial investors backed out. everyone knows thomas edison invented the light old but you probably don t know that edison filed a thousand patents for ideas that went he was also fired by the telegraph office. he lost money invested in the cement company in an iron business. then came the lightbulb. another invention that grew out of failure, not on par with the lightbulb but still very successful is this toy. introducing laser pen. laser pens and that only that only construction system that lets you create with light. light up your creations as you build. john: laser pegs were invented by john. you can call it success by failure. ferguson when i grew up there ferguson missouri,.
reckless with that drug activity and sexual activity and in and out of welfare. i was collecting a lot i was on a long waiting list for section 8 after a christian conversion change my way about the idea of freedom and opportunity. john: but not a libertarian conference. [laughter] but i have to tell you how libertarian guy was when i started a business. christianity change my world my perspective but when i went into business to find out how the heavy-handed government was i began to trend very right. [laughter] [n][applause] john: government makes it harder but is it tougher because you are black?
but america is more tolerant of trial and error we know about thomas edison but the people know that he failed hundreds of times he was fired by the telegraph office and lost money in the iron business is in the company and henry ford failed completely the first time dr. seuss was rejected by 27 publishers an old pro was fired from her first job they called her an unfit for television. [laughter] they all failed and tried again. where you can write the script of your own life in america. [applause] so when a pessimist like me says bearden some government regulation i hope you will ignore me to prove me wrong.
at the state level. truly stupid things can only be done out of washington d.c.. you can i do obamacare in vermont alone. bad ideas, a truly bad ideas only come from obamacare at the national level where there is no competition and if everybody is suffering then the law knows what it was. john: technology? commission and then take on the taxis and require $100,000 to drive a taxi or the self-employed people to be the taxicab commissions. people decide i will be a small business personal but myself with airbnb. as the post office shrinks as people use e-mail and on-line sales have broken
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