Here’s what Obama still doesn’t get
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by Andrew F. Puzder, CEO of CKE Restaurants,
In a revealing interview with The Economist, President Obama recently discussed his administration’s economic policies. Perhaps the president’s most disturbing statement was that he thinks his administration has “managed the economy pretty well …” It’s certainly revealing that a president, whose critics often accuse him of trying to “turn us into Europe,” actually believes the federal government is supposed to manage the economy.
What the president fundamentally fails to grasp is that politicians in Washington don’t create jobs or economic growth. America’s businesses and hard-working taxpayers are the key to rebuilding a healthy economy. Our free market economy has produced more wealth and distributed it more broadly than any economy that’s ever existed. That happened without government management.
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