The comment thread is depressing to me. Good economics and common sense thrown out the window during election season because Obama clearly couldn't have meant what he plainly said, that everything we achieve is a result of our own initiative (something he
explicitly said in the speech) as well as the contributions of society,
including the contributions of government.
UPDATE: OK, Charles Rice's comment, below, clearly convinces me that intonation doesn't travel well online. Let me clarify this:
The commenters in David Henderson's thread throw good economics and common sense out the window during an election season by insisting that Obama clearly didn't mean what he plainly said and instead was somehow slighting business owners. Obama plainly said that what we achieve is a result of our own initiative, as well as the contributions of society, as well as government. He clearly said this. But the commenters at Henderson's blog and the author of the article Henderson links to insist that he didn't mean what he clearly said, and they assume they can interpret what he said for us to tell us what he really meant. I think it's nonsense and I'm disappointed David was endorsing it.
Demand, Supply, and Macroeconomic Models
16 hours ago