Steve Jobs has a number one fan in the most powerful man in the world. In a recent interview, President Obama cited the Apple CEO as a laudable example of wealth that Americans should be proud to call one of their own.
In response to a reporter’s question, President Obama referred to Jobs as an example of the “American dream” and said his success should be celebrated, not derided.
“What is…a fact is that people in the top 1 percent, people in the top one-tenth of 1 percent, or one-hundredth of 1 percent have a larger share of income and wealth than any time since the 1920s,” said Obama. “Those are just facts. That’s not a feeling on the part of Democrats. Those are facts.”
“And something that’s always been the greatest strength of America is a thriving, booming middle class, where everybody has got a shot at the American dream. And that should be our goal. That should be what we’re focused on.”
“How are we creating opportunity for everybody? So that we celebrate wealth,” the president continued. “We celebrate somebody like a Steve Jobs, who has created two or three different revolutionary products. We expect that person to be rich, and that’s a good thing. We want that incentive. That’s part of the free market.”
I agree with President Obama: Steve Jobs is rich through ingenuity, not inherited entitlement, and that is the very heart of the American dream. I disagree, though, that Jobs has created just two or three revolutionary products, though. It’s surely more than that.