Obama's Comments During the January Debate:

"What I said was is that Ronald Reagan was a transformative political figure because he was able to get Democrats to vote against their economic interests to form a majority to push through their agenda, an agenda that I objected to. Because while I was working on those streets watching those folks see their jobs shift overseas, you were a corporate lawyer sitting on the board at Wal-Mart."

Source: http://www.msnbc.msn.com/id/22771568/

Jason Furman's (Obama's Economic Policy Advisor) Writings in "Wal-Mart, A Progressive Success Story":

Attempts to limit the spread of Wal-Mart and similar “big box” stores do not just limit the benefits of lower prices to moderate-income consumers, they also limit the job opportunities that Wal-Mart and other retailers provide. More puzzling is that some progressives have described Medicaid, food stamps, the EITC, and public housing assistance as “corporate welfare.” The right response to Wal-Mart is not to scale back these programs but to expand them in order to fulfill the goal of making work pay...

... the “Wal-Mart economy” is not about an economy in which corporations are squeezing workers. It’s about an economy in which the return to skills is rapidly growing, and technological change, among other forces, is leading to increased inequality. The most fundamental solution to these challenges is to invest in the education and training necessary to ensure that all Americans have the skills to be successful in a technologically sophisticated, global economy.

Source: http://www.americanprogress.org/kf/walmart_progressive.pdf