And where does Obama think innovation-driven productivity comes from? Judging from his speech, Obama apparently sees government at the prime catalyst and planner – whether its government creating manufacturing hubs or government mandating new rules to spur more energy efficiency or government offering tax credits to spur investment in favored sectors.
And the free enterprise system? Well, entrepreneurs only got a couple of brief shoutouts, once in relation to high-skill immigration. Here’s the other: “Now these initiatives in manufacturing, energy, infrastructure, housing, all these things will help entrepreneurs and small-business owners expand and create new jobs.”