Obama: Limited Gov't That Preserves Free Markets 'Doesn't Work. It Has Never Worked'

Bosco Warden · Dec 10, 2011

The final nails in the coffin for the American experiment. Sad.

Obama: Limited Gov't That Preserves Free Markets 'Doesn't Work. It Has Never Worked'

(CNSNews.com) - In a speech delivered at Osawatomie High School in Osawatomie, Kansas, on Tuesday, President Barack Obama argued that while a limited government that preserves free markets "speaks to our rugged individualism" as Americans, such a system "doesn't work" and "has never worked" and that Americans must look to a more activist government that taxes more, spends more and regulates more if they want to preserve the middle class.

"'[T]here is a certain crowd in Washington who, for the last few decades, have said, lets respond to this economic challenge with the same old tune. 'The market will take care of everything,' they tell us," said Obama. "If we just cut more regulations and cut more taxes--especially for the wealthy--our economy will grow stronger.

"Sure, they say, there will be winners and losers," Obama continued. "But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesnt trickle down, well, thats the price of liberty.

"Now, its a simple theory," said Obama. "And we have to admit, its one that speaks to our rugged individualism and our healthy skepticism of too much government. Thats in Americas DNA. And that theory fits well on a bumper sticker. But heres the problem: It doesnt work. It has never worked.

"It didnt work when it was tried in the decade before the Great Depression," said Obama. "Its not what led to the incredible postwar booms of the 50s and 60s. And it didnt work when we tried it during the last decade. I mean, understand, its not as if we havent tried this theory.
http://cnsnews.com/news/article/oba...-free-markets-doesnt-work-it-has-never-worked
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Smartmouthwoman · Dec 10, 2011

Ironic, considering Barack Obama has tried his best to kill the free market. Must be his way of patting himself on the back.

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Obama: Limited Gov't That Preserves Free Markets 'Doesn't Work. It Has Never Worked'

Bosco Warden New Member

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Obama: Limited Gov't That Preserves Free Markets 'Doesn't Work. It Has Never Worked'

Bosco Warden New Member

Smartmouthwoman Bless your heart Past Donor

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