
President Obama says his policies are not 'socialist' or a government takeover. Apparently, taking over the largest American automaker, taking over the largest US bank, attempting a health care takeover of one sixth of the US economy and attempting to impose a trillion dollar Cap and Tax takeover of the US energy supply make him an "ardent believer in the free market."
Reuter reported:
President Barack Obama launched a vigorous defense of his economic agenda on Wednesday, rejecting critics who say it amounts to "socialism" and insisting his policies would boost U.S. competitiveness.
"Contrary to the claims of some of my critics, I am an ardent believer in the free market,"Obama said in prepared remarks to the Business Roundtable, a group of top corporate executives.
Struggling to reverse a drop in his popularity among political independents, he said his efforts to enact sweeping legislation to overhaul financial regulations and set caps on carbon emissions to fight climate change were not aimed at thwarting businesses. Obama pledged to work with the private sector to reinvigorate growth.
But he added, "We have arrived at a juncture in our politics where reasonable efforts to update our regulations, or make basic investments in our future, are too often greeted with cries of 'government takeover' or even 'socialism.'"
A TIP OF THE STEEL HELMET TO BLUEGRASS PUNDIT
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