Recently a reporter asked Obama if he was a socialist. Obama initially gave a flip answer but after thinking about it, later called reporters back from the Oval Office.
"It was hard for me to believe that you were entirely serious about that socialist question," Obama said.
Then Obama said, in effect, don’t blame me. Blame Bush.
"It wasn’t under me that we started buying a bunch of shares of banks. It wasn’t on my watch. And it wasn’t on my watch that we passed a massive new entitlement -– the prescription drug plan -- without a source of funding…. We’ve actually been operating in a way that has been entirely consistent with free-market principles and that some of the same folks who are throwing the word 'socialist' around can’t say the same.".
And at 1:40, Obama makes this unbelievable statement -- "You know, I have more than enough to do without having to worry about the financial system."
No wonder the markets can't get any clear direction from this administration.