[CNSNEWS] "I know that there are a few Republicans here in the audience," Obama said Friday at a fundraiser for the Democratic Senatorial Campaign in Palo Alto, Ca. "If you talk to us, it turns out we're pretty common-sense folks.

"We don't think government can do everything," he said. "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," Obama said. "But we do think that there's a role to play for government."