President Obama says if you created a business or technology “You didn’t build that. Somebody else made that happen.” He gives all the credit to government infrastructure and government investment. Obama sees the government as the only driver of the economy. This is the definition of a socialist.
Government’s job is to create a level playing field for everybody, provide a legal framework to assure fairness and to provide the infrastructure to allow commerce and innovation to thrive. It is NOT government’s duty to invest in obscure research, select favorite industries for investment, regulate companies out of business if they are not favored by the administration, etc., etc., etc.