Why does President Obama not know how the free market system works?

[magick]

Maybe he should attend the Bush school of economics & job creation .

[realistic girl]

Yes he does. By introducing options for alternate energy sources, the promotion of small business that in turn creates a free market system fill with competition therefore, reducing prices for consumers, who then in turn buy more of that product. Alternatively, Romney's approach is that all the wealth and production should be centered in a handful of people who control the market.

[Weise Ente]

Anyone who knows how the free market works should be terrified of the inevitable outcomes.

Maybe you don't understand it.

[James]

Democrats long ago rejected the capitalist model, no matter how much prosperity it has created.

The democrat party has always embraced Republican Teddy Roosevelt’s “New Nationalism.”
In a speech on August 31, 1910 in Osawatomie, Kansas TR laid out his agenda for a welfare-state, including:
-A National Health Service
-Social insurance, to provide for the elderly, the unemployed, and the disabled
-Limited injunctions in strikes (unions have always been a privileged class in welfare/socialist states)
-Federal income tax
-An inheritance tax
As to how his agenda would affect our Constitution? He couldn’t have cared less:
”This, I know, implies a policy of a far more active governmental interference with social and economic conditions in this country than we have yet had, but I think we have got to face the fact that such an increase in governmental control is now necessary.”

Democrat President Wilson (1913-1918) said, “You are not here merely to make a living. You are here to enable the world to live more amply, with greater vision, and with a finer spirit of hope and achievement. You are here to enrich the world. You impoverish yourself if you forget this errand.” He may have been the first democrat to appreciate the potential use of multiculturalism (“If it’s white or American, trash it!”) in deconstructing the Constitution, saying, “No nation is fit to sit in judgment upon any other nation.” Obama put it this way: “Every nation is exceptional in its own way.”

Democrat President Roosevelt “let it all hang out” in his speech before Congress on January 11, 1944:
“We have accepted, so to speak, a second Bill of Rights...” [which included]:
-The right to earn enough to provide adequate food and clothing and recreation
-The right of every family to a decent home
-The right to adequate medical care and the opportunity to achieve and enjoy good health
-The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment.

LBJ’s Great Society became the largest redistribution of wealth program in our history. Obama is trying to “outperform” LBJ.

It is only because of the Internet, talk radio and Fox News (all non-existent a generation ago!) that we are learning the truth about the democrat party and how effective it has been in replacing our Constitution with its welfare state model:
-2/4/10 Gallup poll: 61% of liberals have a positive view of socialism.
-6/2/11 Gallup poll: 71% of democrats favor re-distributing wealth.
-9/6-9/2012 http://www.gallup.com/poll/157481/majori… Those who believe government should have more control over our lives: Republicans 15%; Independents, 29%; Democrats 67%.
-Now they have national health care, the foundation of all welfare and socialist states.

[thepewterguy]

Ohhhhh He knows alright. How else could he kill it.. He knows without JOBS an economy will faulter, flounder and die... That is why it is soooo important for Obama to get a second term to finish off Freedom Forever in America.

Obama is ignorant enough to believe he will be come king when he has ZERO chance of remaining Dictator of Numerica.. But of course like the Jews, America will wait till they are loaded on the Box Card headed to the Fema Camps for Re- Education or Processing before realizing how much trouble they are in..

IMO of course, while I am yet allowed one in Numerica...


Dump the Chump.

[neil s]

The US doesn't have a free market, and never has. In fact, no country has had a free market for over a century. That's because an unregulated market is too volatile and creates too much misery for the majority of people. Even Adam Smith recognized this, saying that regulation was needed and should generally be in favor of the worker.

[Jim]

He is smart enough to know you need regulation and inspection to keep the markets free from corruption and manipulation.

[Mike S]

Do you have any clue how locked down the "free market system" has become in the past 30 years?