When liberals make reference to U.S. economic history, they typically: 1) downplay the role of entrepreneurs, 2) suggest that bold government action has driven growth, and 3) fail to mention the scandals and screw-ups caused by federal interventions.
President’s Obama’s inaugural address reflected some of those mistakes:
Together we determined that a modern economy requires railroads and highways to speed travel and commerce….
No single person can … build the roads and networks and research labs that will bring new jobs and businesses to our shores…...









Obama Overplays “We” in Inaugural Speech