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Thursday, February 25, 2010

Obama “believes” in the Free Market

Yesterday, it was reported that Obama claimed his programs were not socialist.  Furthermore he said, “Contrary to the claims of some of my critics, I am an ardent believer in the free market.” 

Since the Clinton years, I have had to read such pronouncements through the lens of a lawyer.  In particular I noticed that he did not say that he supports the free market.  Rather he said that he believes in the free market.  Well, I believe in Cuba and North Korea, but that doesn’t mean that I support either regieme.

I find his word choice very deliberate.  Do you?

  • Paul Cwik is the BB&T Professor of Economics and Finance at the University of Mount Olive.