Reports released in recent weeks indicate that small business owners think India and China have friendlier business climates than the U.S., and that burdensome regulations are weakening American global competitiveness—and Secretary of State Hillary Clinton is concerned. As reported, during remarks at the New York’s Waldorf Astoria Hotel in New York last Friday, Clinton said:

Too many people still can’t find jobs, and young and growing populations crave a sense of opportunity and self-determination. On the economic front, we are zeroing in on small and medium-sized enterprises because they are the growth engines in any economy,” Clinton said. “They create the bulk of new jobs and they spread wealth more broadly through more communities. And when people have the opportunity to unleash their talents and create something of their own, they are more invested in their communities, their countries …

Clinton endorsed plans to find ways to “loosen regulations and make it easier to start or expand a small business.”

But she wasn’t talking about businesses in the good ol’ U-S-of-A. She was referring to businesses in Tunisia, Egypt, and Libya.

Apparently “you didn’t build that” is still the party line when it comes to home-grown American businesses.