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Sunday, December 4, 2016

For Obama, Pro-Business Populism Is No Oxymoron

Jan. 27 (Bloomberg) — If 2011 was defined by a debate over the national debt, 2012 looks to be focused more on fairness, which is just the way President Barack Obama wants it. The trick for him — the balance he was trying to strike in his State of the Union Address — is to come across as a pro-business populist.

That may sound like an oxymoron (and “progressive” is a more accurate description of Obama than “populist”), but it fits this president and these times. There’s nothing anti-capitalist about wanting to help businesses that help America and to penalize (through the tax code) those that hurt the country by not paying their fair share and by taking jobs overseas.

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