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Steve Jobs Gets an Obama Shout Out

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Heading a multinational tech corporation with a $300 billion market cap in sunny California. Creating revolutionary products, one after another, that jump-started progress in the home-computing, portable media, and smartphone fields. Being able to tell off detractors in snarky emails with impunity. Realizing you're responsible for changing the world and have a few billion in the bank to show for it.

Yeah, that sounds like a pretty sweet gig.

Two months since having a sit-down with Steve Jobs to discuss education and energy independence, Barack Obama name-dropped his buddy in a White House press conference this week. Obama said the Apple CEO represented the American dream and acted as an example of someone many would "expect to be rich" by working hard and dreaming big. In short, the president believes Steve Jobs is the multi-billionaire we can all agree on.

Obama first addressed the wealth disparity in America -- the highest it's been since the 1920s.

"What is...a fact is that people in the top one percent, people in the top one-tenth of one percent, or one-hundredth of one percent have a larger share of income and wealth than any time since the 1920s. Those are just facts. That's not a feeling on the part of Democrats. Those are facts."

All right. You're not giving Jobs much of an introduction there, Barack. But go on.

"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. 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."

Certainly an honorable testimonial, however given Jobs' ego, he might take issue with being responsible for only "two or three different revolutionary products."

Obama elaborated on a meeting he had last week with 20 CEOs -- which included Google's Eric Schmidt and Intel's Paul Otellini -- to discuss the future of American exports, green initiatives, and the overall state of our country's private sector.

But for the sake of morale, let's hope he didn't limit the number of other company head's revolutionary products.
POSITION:  No positions in stocks mentioned.