For the first time since taking office, President Obama is suggesting that some Americans may be overreacting to the nation's economic woes by dramatically ratcheting back their spending.
"What I don’t think people should do is suddenly stuff money in their mattresses and pull back completely from spending," Obama told The New York Times in an interview published on the Web Saturday. "I don’t think that people should be fearful about our future. I don’t think that people should suddenly mistrust all of our financial institutions because the overwhelming majority of them actually have managed things reasonably well."
In the same interview, conducted aboard Air Force One as he returned from a trip to Ohio on Friday, Obama flatly dismissed a question asking if he was a socialist, saying "the answer would be no." After the interview, he called back to say, " It was hard for me to believe that you were entirely serious about that socialist question." - Politico
Hasn't it been Obama who since he won the election has been saying how dire the economy is? Everything has been an emergency because of the Economic Disaster? The worst Economy in our life time?
Oh wait, not really. I just wanted to spend a whole bunch of your money, I knew I couldn't get it unless you really thought it was bad. Don't panic, it is ok. I have fixed it, go ahead and invest you money and spend at will.
We can always bail you out if it doesn't work.
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