Remember, Obama taught Constitional Law at University and he's likely influenced by the Chicago School of Economics:
"The Chicago school of economics describes a neoclassical school of thought within the academic community of economists, with a strong focus around the faculty of University of Chicago, some of whom have constructed and popularized its principles.
The Chicago school is associated with neoclassical price theory and libertarianism, and with the view that regulation and other government intervention is always inefficient compared to a free market.
Approximately 70% of the professors in the economics department have been considered part of the school of thought. The University of Chicago department, widely considered one of the world’s foremost economics departments, has fielded more Nobel Prize winners and John Bates Clark medalists in economics than any other university."
Chicago school (economics - Wikipedia, the free encyclopedia)
"The Chicago school of economics describes a neoclassical school of thought within the academic community of economists, with a strong focus around the faculty of University of Chicago, some of whom have constructed and popularized its principles.
The Chicago school is associated with neoclassical price theory and libertarianism, and with the view that regulation and other government intervention is always inefficient compared to a free market.
Approximately 70% of the professors in the economics department have been considered part of the school of thought. The University of Chicago department, widely considered one of the world’s foremost economics departments, has fielded more Nobel Prize winners and John Bates Clark medalists in economics than any other university."
Chicago school (economics - Wikipedia, the free encyclopedia)