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Obama: "You're On Your Own" Economics Doesn't Work

 "You know, each of us is only here because somebody somewhere felt responsibility, yes to their families, but also to their fellow citizens. Also to our country's future. That's the American story. The American story is not just about what we do on our own. Yes, we're rugged individualists, we expect personally responsibility and everybody out there has got to work hard and carry their weight," President Obama said at a fundraiser with college students at the University of Vermont.

"We also have always understood that we wouldn't win the race for new jobs and businesses, and middle class security if we were just applying some 'you're on your own economics,'" Obama said.

1 Comments in Response to

Comment by Powell Gammill
Entered on:

That's right.  We got rid of capitalism over a century ago.  And people telling people what to do has economically worked so well ever since.  It is responsible for the wonderous economic miracle we find ourselves in today.  Why if we were just left on our own to decide what to make, sell, buy we might not get it right at the right price.

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