He said something very early on in his presidency that was equally truthful, but you will never hear him say it again: http://www.youtube.com/watch?v=7X2mSaQD0EY
2/9/2009 Obama: "Our savings rate has declined and this economy has been driven by consumer spending for a very long time. And that's not gonna be sustainable. If all we're doing is spending and we're not making things, then over time other countries are gonna get tired of lending us money and eventually the party's gonna be over. Well, in fact, the party now is over"
He said something very early on in his presidency that was equally truthful, but you will never hear him say it again: http://www.youtube.com/watch?v=7X2mSaQD0EY
ReplyDelete2/9/2009 Obama: "Our savings rate has declined and this economy has been driven by consumer spending for a very long time. And that's not gonna be sustainable. If all we're doing is spending and we're not making things, then over time other countries are gonna get tired of lending us money and eventually the party's gonna be over. Well, in fact, the party now is over"