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Obama rubs elbows with regulatory robber barons

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President Obama on Monday was scheduled to give a pep talk for American manufacturing at a factory in Durham, N.C., where Cree Inc. makes LED light bulbs. Cree embodies Obama-era capitalism: profiting from government grants, political connections, revolving-door lobbyists and regulations that force people to buy your product. Cree deals mostly in light-emitting diode technology. The company...

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