
Man. I swear. I say I am going to go on vacation for once and the government chooses my first day out of the office to run out of money. Some select quotes from an interview President Obama gave C-SPAN (sourced from Drudge, but they look respectable enough to have not been taken out of context):
In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."
C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.
The credit crunch and health care bankrupted us. Got that? Onto GM…
SCULLY: When you see GM though as “Government Motors,” you're reaction?
OBAMA: Well, you know – look we are trying to help an auto industry that is going through a combination of bad decision making over many years and an unprecedented crisis or at least a crisis we haven't seen since the 1930's. And you know the economy is going to bounce back and we want to get out of the business of helping auto companies as quickly as we can. I have got more enough to do without that. In the same way that I want to get out of the business of helping banks, but we have to make some strategic decisions about strategic industries...
On this point I’m in full agreement, though it would have been more fun if phrased “Bitch, please, I have ENOUGH to do without trying to sell you a Jeep.”
And finally, on whether or not he’ll be bailing out the Governator:
SCULLY: States like California in desperate financial situation, will you be forced to bail out the states?
OBAMA: No. I think that what you're seeing in states is that anytime you got a severe recession like this, as I said before, their demands on services are higher. So, they are sending more money out. At the same time, they're bringing less tax revenue in. And that's a painful adjustment, what we're going end up seeing is lot of states making very difficult choices there...
You mean… we have to choose whether to raise taxes or cut services? We all know which way that is going to go.


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Tom // May 24, 2009 at 7:49 am
Interesting blog.
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