It also means promoting a new ethic of responsibility. Part of the reason this crisis occurred is that everyone was living beyond their means - from Wall Street to Washington to even some on Main Street. CEOs got greedy. Politicians spent money they didn't have. Lenders tricked people into buying home they couldn't afford and some folks knew they couldn't afford them and bought them anyway.
We've lived through an era of easy money, in which we were allowed and even encouraged to spend without limits; to borrow instead of save.
That is the good bit. The rest of the speech is; "Here, have a shitload of public money."
Couldn't find that speech on Obama's website either btw. The plan seems to be, if you cant afford something then some one else will pay for it. That will never come back and bite us.
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