Obama Asks Businesses "To Do Their Part"

Excerpts from President Obama's speech to the United States Chamber of Commerce:

President Obama, "We need to make America the best place on Earth to do business." However, Mr. Obama is not talking about "we" as in businesses together with the government. He is talking about "we" the federal government as you will see in the remainder of his speech.

"But I want to be clear: Even as we (i.e. the government) make America the best place on Earth to do business, businesses also have a responsibility to America..."

"As a government, we will help lay the foundation for you to grow and innovate and succeed. We will upgrade our transportation and communication networks...We’ll invest in education... And we’ll work to knock down barriers....That’s why we’re making investments today in the next generation of big ideas -– in biotechnology, in information technology and in clean energy technology...We recently signed export deals..."

So, what do businesses need to do? According to Obama, businesses need to share their profits with their employees. What does this mean? I thought profits were shared--something called "salaries" or "wages", or even "profit-sharing." Does this mean that businesses should reduce their contractual obligations to investors or to stock holders? Won't that lead to even further problems with our free-market systems?

Mr. Obama, "We’re fighting to reform the tax code and increase exports to help you compete, the benefits can’t just translate into greater profits and bonuses for those at the top. They have to be shared by American workers..."

Mr. Obama also wants businesses to keep industry and thus jobs here in the U.S.--and to spend money that businesses are currently saving. Does he understand that businesses have to have money to stay in business? That businesses can't spend their savings in this dismal economic market? That the economy's poor business environment is due mostly to federal interventions, including Obamacare, high corporate taxes, etc, etc?
"Now is the time to invest in America ("new jobs and manufacturing on our shores")...Today, American companies have nearly $2 trillion sitting on their balance sheets..."

And the answer to business's trouble is even more government, according to Obama:

Mr. Obama, "I want to fix it. That’s why I’ve asked Jeff Immelt of GE to lead a new council of business leaders and outside experts so that we’re getting the best advice..."