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Section: Economy - U.S. President Barack Obama said on Thursday that he supports the free market economic system, a move to seek support for his efforts to revive the ailing economy.
During a meeting with CEOs and other top leaders, Obama said he wants government to right the ship and then "let private enterprise do its magic." "At these moments, government has stepped in not to supplant private enterprise, but to catalyze it, to create the conditions for thousands of entrepreneurs and new businesses to adapt and ultimately to thrive," said the president.
He said his government must move quickly and aggressively on the most immediate threats to the American …