Obama praised the free-market, saying he wants the government to “get out of the way” of innovation and job creation.
“In every speech, every interview that I have made, I’ve constantly said what sets America apart, what has made us successful over long term, is we’ve got the most dynamic free-market economy in the world. And that has to be preserved. We benefit from entrepreneurs and innovators who are going out there and creating jobs, creating business. Government can’t create the majority of jobs. And, in fact, we want to get out of the way of folks who’ve got a good idea and want to run with it and are going to be putting people to work,” Obama said.
Sure. Not only do you vilify business, but, like President Bush before you, you do not support free markets. You confuse pro-business with pro-market. You wouldn’t know a free market from a flea market. Regulations on credit card use, a consumer finance watchdog, bailouts, housing subsidies, higher income taxes, import tariffs on Chinese-made tires, and Obamacare are all statist policies.
On Obamacare, the previous status quo was not free-market, either. Using health insurance to pay for routine medical expenses totally distorts the purpose of insurance. Insurance is for catastrophes, such as injury from an auto accident. Obamacare went in the exact opposite direction. The Food and Drug Administration (FDA) has become a “seal of approval” for many people. Private entities could do that.
Competition is the free market process that governs business practices. Too much regulation, and bureaucratic administration are the government’s mechanism, and they usually stifle competition.
Pro-business and pro-free-market are different. Subsidies, special tax breaks, import tariffs are all statist and pro-business.