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Obama: Apple's Steve Jobs is Living the American Dream

 & Chloe Albanesius Executive Editor, News

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Steve Jobs

Americans should celebrate the entrepreneurial spirit and success of someone like Apple chief Steve Jobs, provided he gives back and helps the next generation of wannabe tech titans achieve their own American dreams, President Obama said during a Wednesday news conference.

Obama made his remarks in response to a question about whether there is a divide between the middle class and wealthy Americans. The president said that the top 1 percent of people in this country have a larger share of income and wealth than any time since the 1920s, though he said those individuals often help create a thriving middle class.

"Something that's always been the greatest strength of America is a thriving, booming middle class, where everybody has got a shot at the American Dream. And that should be our goal," Obama said. "That should be what we're focused on. How are we creating opportunity for everybody? So that we celebrate wealth. We celebrate somebody like a Steve Jobs, who has created two or three different revolutionary products. We expect that person to be rich, and that's a good thing. We want that incentive. That's part of the free market."

The president, however, called on those "extraordinarily fortunate" Americans to contribute "to the larger American community so that a whole bunch of other kids coming up are doing well. And that means schools that work and infrastructure like roads and airports that function, and it means colleges and universities that teach and aren't restricted to just people who can afford it but are open to anybody with talent and a willingness to work."

"That's going to be I think part of the conversation that we've got to have over the next couple years," Obama said.

Jobs made PCMag's list of Top 10 Tech Figures of 2010; see who else made the cut.

About Our Expert

Chloe Albanesius

Chloe Albanesius

Executive Editor, News

My Experience

I started out covering tech policy in DC for The National Journal, where my beat included state-level tech news and all the congressional hearings and FCC meetings I could handle. I later covered Wall Street trading tech before switching gears to consumer tech. I now lead PCMag's news coverage.

My Areas of Expertise

Getting my start in DC means I still have a soft spot for tech policy; Congressional hearings can sometimes be as entertaining as a Bravo reality show, for better or worse. But PCMag is all about the technology we use every day, as well as keeping an eye out for the trends that will shape the industry in the years ahead (or flop on arrival). I've covered the rise of social media, the iOS vs. Android wars, the cord-cutting revolution that's now left us with hefty streaming bills, and the effort to stuff artificial intelligence into every product you could imagine. This job has taken me to CES in Vegas (one too many times), IFA in Berlin, and MWC in Barcelona. I also drove a Tesla 1,000 miles out west as part of our Best Mobile Networks project. Of late, my focus is on our hard-working team of reporters at PCMag, guiding and editing their robust coverage.

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