Obama in presser: It's a liquidity problem
OBAMA: Well, as -- as I said, the American people are making a host of sacrifices in their individual lives. We are going through an extraordinary crisis, but we believe that, taken -- if you take the steps that we've already taken, with respect to housing, with respect to small businesses, if you look at what we're doing in terms of increasing liquidity in the financial system, that the steps that we're taking can actually stabilize the economy and get it moving again.
Worse, if "we give Obama time for the program to work," we may have shot our bolt, and it will be too late. We only have so many trillions to hand over to Geither-san to piss away on the banksters, after all.
NOTE It would be nice if Obama could explain why he believes that. There are plenty of other areas where he's got good, lucid explanations, so why not this one?