"My task over the last two years hasn't just been to stop the bleeding. My task has also been to try to figure out how do we address some of the structural problems in the economy that have prevented more Googles from being created"
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Obama’s line is doing two jobs at once: justifying triage and advertising reform. “Stop the bleeding” is recession language calibrated for a post-crisis public that watched jobs evaporate and banks get rescued. It frames his early agenda as emergency medicine, not ideology - a way to argue that stimulus, bailouts, and stabilization weren’t optional, they were tourniquets. But he refuses to end the metaphor there. The pivot to “structural problems” signals a deliberate shift from firefighting to reconstruction, implying that the real scandal isn’t only the crash; it’s an economy built to produce too few breakout successes for too few people.
The name-drop of “Googles” is shrewdly bipartisan. It flatters American mythmaking about garages and genius while quietly indicting the conditions that make such stories rare: brittle access to capital, uneven education, weak safety nets, regulatory capture, infrastructure decay. He’s speaking to entrepreneurs and dislocated workers at the same time, suggesting they share an enemy: a system that blocks mobility and concentrates opportunity. By choosing Google - not a union job, not a small business - he also signals that the policy target is the innovation economy, where scale and network effects turn early advantages into empires.
Subtext: don’t judge the presidency only by whether the patient survived; judge it by whether the underlying disease was treated. Contextually, this is Obama trying to recast economic governance after 2008 as an ongoing modernization project, not a one-off rescue mission - and to make growth feel like a design problem government can responsibly help solve.
The name-drop of “Googles” is shrewdly bipartisan. It flatters American mythmaking about garages and genius while quietly indicting the conditions that make such stories rare: brittle access to capital, uneven education, weak safety nets, regulatory capture, infrastructure decay. He’s speaking to entrepreneurs and dislocated workers at the same time, suggesting they share an enemy: a system that blocks mobility and concentrates opportunity. By choosing Google - not a union job, not a small business - he also signals that the policy target is the innovation economy, where scale and network effects turn early advantages into empires.
Subtext: don’t judge the presidency only by whether the patient survived; judge it by whether the underlying disease was treated. Contextually, this is Obama trying to recast economic governance after 2008 as an ongoing modernization project, not a one-off rescue mission - and to make growth feel like a design problem government can responsibly help solve.
Quote Details
| Topic | Startup |
|---|---|
| Source | Help us find the source |
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