Obama on savings and fiscal responsibility

I particularly like the quote from this weeks speech from "The Chosen One"...  "The fact is, even before this recession hit, the savings rate was essentially zero, while borrowing had risen and credit card debt had increased."

 We cannot continue on this course. And we certainly cannot go back to an economy based on inflated profits and maxed-out credit cards."



Wonder if China agrees... Or is this more of "the do as I say not as I do" liberalism, as the president spends like a Manic/Depressive who forgot to take their lithium?