Obama Economic Advisor Says "Excess of Fear" Must Be Broken
Gee. Now why would Americans be fearful?
Could the crisis have anything to do with the current Administration?
Maybe if they kept Mr. Hope and Change away from his TelePrompter for a few days things might turn around.
The AP reported:
President Barack Obama’s top economic adviser said Friday the nation’s economic crisis has led to an “excess of fear” among Americans that must be broken to reverse the downturn.
“Fear begets fear,” Lawrence Summers, the president’s director of the National Economic Council, told a forum.
“It is this transition from an excess of greed to an excess of fear that President Roosevelt had in mind when he famously observed that the only thing we had to fear was fear itself,” Summers said. “It is this transition that has happened in the United States today.”
More change… The economy could use some greed about now.