"If people in other countries cannot spend, that means they cannot buy the goods we produce here in America, which means more lost jobs and more families hurting. Just yesterday, we learned that we lost hundreds of thousands more jobs last month, adding to the millions we’ve lost since this recession began. And if we continue to let banks and other financial institutions around the world act recklessly and irresponsibly, that affects institutions here at home as credit dries up, and people can’t get loans to buy a home or car, to run a small business or pay for college."
So let me make sure we have this straight. Banks and financial institutions have acted "irresponsibly".
But now we need them to make loans they shouldn't have been making in the first place to get the economy revved up.
Even better, we need foreign countries to over consume so that we can buy cars and send our kids to college.
Huh
Thanks to Mark for the forwarded the link here.
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