speech...i.e. the government funded American Infrastructure (e.g. Bridges and Roads...like Ike...and later Biden did...or 'DARPA' research on the Internet (re: ARPANET), AI, Semiconductors, GPS, Robotics, Cloud Computing, Biotech, and many other industries...including NASA that enabled Elon Musk to hire experienced scientists and engineers)
Were it not for such 'High Risk' use of taxpayer money, today's wealthy owners wouldn't be able to build any companies in those industries.
Now, here is what Obama actually said...note the mention of Bridges and Roads...one example of Infrastructure enabling businesses to be built)