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Merriam-Webster defines "free enterprise" as "freedom of private business to organize and operate for profit in a competitive system without interference by government beyond regulation necessary to protect public interest and keep the national economy in balance." If Obama believes that he's instituted and supported economic policy that comports with that description, he's more confused than the average town hall participant.

http://www.realclearpolitics.com/articles/2012/10/18/obama_t...
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