Friday, March 13, 2009
It just so happened that I caught part of Barack Obama's comments on TV yesterday after the Business Roundtable in Washington and then, when they showed up again on the evening news, his words were transcribed.
On the subject of the "illusion of prosperity", these thoughts were offered:
We can not go back to endless cycles of bubble and bust. We can't continue to base our economy on reckless speculation and spending beyond our means.These are the most sensible words I've heard from any politician about the U.S. economy in quite a long time - he almost sounds like Ron Paul.
I did not come here to pass our problems on to the next president or to the next generation.
I'm here to solve them.
Bloomberg has more here.