These some amazing attempts to try to change his legacy as a corporatist president.
Bailed out corporations
Gave insurance companies additional premiums paid for by the government
But the system is bad
But just because an economic system generated wealth and innovation doesn’t mean it guarantees a good society," Obama said. “Because from the outset, market-based systems have been compatible with slavery, caste systems, colonialization, war, exploration, corruption, fraud, autocracy, the poisoning of our natural environment.”
Yeah that’s kinda the point of a successful system. Innovation is how the world grows.
That’s also a fascinatingly bad statement by him because it doesn’t suggest any good alternative other than another idealistic system
“Especially after the Great Depression and World War II, governments began making public investments in education and transportation, scientific research, and in housing projects,” Obama said.
Yes into a market based system. The innovation in which was used by the government to help society during a financial crisis.
This is as bad of a conclusion as “private enterprise ” can be as good at solving popular problems as the government can.
We cannot ignore the human factor which affects any system.