While on the face of it libertarians can find little to complain about Obama's recent "conversion" to enterprise-focused concerns and move to the "center", for a libertarian who sees so many masks in the political realm, further consideration and much caution is called for.
I am one who doesn't believe a conversion has taken place -- after Obama's meeting with Bill Clinton and appointment of Bill Daley, it was obvious to me that first we'd see razzle, then we'd see dazzle. As I wrote in a previous post about The Very Important State, The Very Important Leaders of The Very Important State are not going to turn the market loose for any amount of creative destruction, innovation and bottom-up economic growth. In stead, we'll see the further development of State Capitalism as The Very Important State Leaders weave a global web with our weaving partners China, GE, Goldman Sachs and other Modern State Players. Since business has gone global, the Big States and Big Businesses are actually concentrating on Global Capitalism.
All this does nothing to create the necessary open environment in which small to medium enterprises can flourish. This current change is central planning (not direct price, wage and production planning, but rather overall management of direction of the Global Economy) on steroids. It's still statism, just statism in the service of wealth creation that's controlled by Big States. If American government policy can benefit GE, Goldman, China (which is like a Big Corporation) and the other chosen, global movers and shakers, then Obama and the progressives get what they need to provide the infrastructure development which fits into their agenda (alternative energy, high speed rail), and it creates jobs at the same time. This type of global and domestic "investment" will be sold as a new direction in which we keep apace of global changes, establishing America's position in the competitive global market.
In practice, domestically, it will amount to corporate/union welfare/favoritism and support-purchase for re-election in 2012. So, I'm not impressed by Obama's "move to the center". The center? Of what? Global statist management? Jump on board all you opportunists -- mark your place and hope they need you next year.