From Business Week comes President Obama’s claim — which of course is refuted by his many “fat cat” remarks and anti-free market policies — that he’s actually pro-business and pro-free market. He’s referencing bonuses for JPMorgan Chase & Co.’s Jamie Dimon and Goldman Sachs’ Lloyd Blankfein.
The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”
“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”
Those statements are amazing since the president clearly supports policies that penalize productivity and success. His policies are clearly anti-free market, and more and more Americans have come to realize that is the road to economic disaster. If we truly expect the country to recover, we must embrace capitalism. Steve Forbes discusses why in this interview.
