Tags: obama | free | enterprise | kyl

Sen. Kyl: Obama Views Free Enterprise as 'Gordon Gekko-Style Greed'

By Newsmax Wires   |  

Sen. Jon Kyl, R-Ariz., says President Barack Obama has a distorted view of free enterprise, with the president equating it to "Gordon Gekko-style greed." Kyl was referring to the rapacious stock trader who engages in insider trading in the movie "Wall Street."

The conservative views free markets much differently than Obama, of course. "Today I want to look at another way free enterprise lifts up the poor — by promoting the free principles that make people more charitable and more socially responsible," Kyl said Thursday, according to The Hill.

"This perspective sharply contrasts with President Obama's campaign narrative about social responsibility. He and many of his supporters paint free enterprise as a system that inherently clashes with social responsibility,” Kyl said.

“In his telling, free enterprise is a system that mainly promotes Gordon Gecko-style greed and riches for those that least deserve them, a system that must be reformed through higher taxes and larger government.”




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