(VIDEO) @BarackObama : ‘We Don’t Want to Tax All Businesses Out of Business’


President Barack Obama speaking at Democrat fundraiser in Palo Alto last week:

"I know that there are a few Republicans here in the audience ... If you talk to us, it turns out we're pretty common-sense folks. We don't think government can do everything ... We don't think that top-down solutions are the right way to go. We believe in the free market. We believe in a light touch when it comes to regulations. We don't want to tax all businesses out of business ... But we do think that there's a role to play for government."