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Obama: I believe in the free market and vital, limited government

Feb 24, 2010 01:09 PM

President Obama told business leaders today he is a big booster of the free market, but added that a strong government is necessary to help it thrive.

"Contrary to the claims of some of my critics -- and some of the editorial pages -- I am an ardent believer in the free market," Obama told the Business Roundtable, a group of CEOs. "You create jobs."

Later, the somewhat defensive president said he also believes that "government has a vital, if limited, role to play in fostering sustained economic growth and creating the foundations for you to succeed."

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