No, this is false, or at least it should be false.
In a free market society, the economic activities should be regulated by the demand and supply relationship: the demand for certain goods and services and their supply.
However, in practice the businesses do ask the government for laws favorable for them: they do this in the form of lobbying.
During the 1930s, the combination of the Great Depression and the memory of tragic losses in World War I contributed to pushing American public opinion and policy toward isolationism. Isolationists advocated non-involvement in European and Asian conflicts and non-entanglement in international politics.
That kind of fallacy is called Argumentum ad Hominem. It means the argument is addressed to the person; attacking that person instead the issue. There is an irrelevance because the argument is against to the person making a claim, rather against to the claim itself. An example is judging a person's social status or attitude, like calling his strategies aren't effective to finish a certain task because of his untidiness and laziness.
