Seriously. That's what he said. He said that cuts in spending at the local and state levels are what is hurting the economy. Obama: The 'Weaknesses In Our Economy' Are Due to Cuts in State and Local Gov't | CNSNews.com I live in California and that's all the government does is take money for nothing. Currently we are spending billions on the rail to nowhere. Bill Clinton called this guy "the amateur." I think that's way to gracious. Saboteur is really what it is. The guy is a crook and he defies logic outright.