But didn't you just say ...

President Barack Obama talked at Georgetown University about the economy, and he referenced something Jesus said in the Sermon on the Mount about building a house on the sand and building one on a rock. He said:

We cannot rebuild this economy on the same pile of sand. We must build our house upon a rock. We must lay a new foundation for growth and prosperity -- a foundation that will move us from an era of borrow and spend to one where we save and invest; where we consume less at home and send more exports abroad.

It's a foundation built upon five pillars that will grow our economy and make this new century another American century: Number one, new rules for Wall Street that will reward drive and innovation, not reckless risk-taking -- (applause); number two, new investments in education that will make our workforce more skilled and competitive -- (applause); number three, new investments in renewable energy and technology that will create new jobs and new industries -- (applause); number four, new investments in health care that will cut costs for families and businesses; and number five, new savings in our federal budget that will bring down the debt for future generations. (Applause.)

That's the new foundation we must build. That's our house built upon a rock. That must be our future -- and my administration's policies are designed to achieve that future.

Now, I am sure people a lot smarter than me wrote these words for the president, so I realize, the text might be above my pay grade, however, earlier in the president's speech he said part of the problem with the economy was that people could not get loans and were, therefore, spending less.

Spending less means consuming less. As I understand it, consuming less has contributed to the economic downturn.

What is Obama's strategy? To quit borrowing and spending. Instead, he will save and invest. No he won't. Did you check out the Congressional Budget Office's projections of the budget? Deficits as far as the eye can see.

Not only does the president want to move away from borrowing and spending (which he does not, well, maybe he does. He doesn't have to borrow money, technically, when he can have it printed), to saving and investing (I guess investing is not really spending?) so that we can consume less (I'm sorry, didn't he just say spending less contributed to the economic downturn?) and other nations can consume more of our products (we don't want to consume more, but let those other suckers do it?).

Let's revisit his strategy for building a strong economy on the rock: 1. Regulate Wall Street, 2. Spend more money on education, 3. Spend more money on renewable energy, 4. Spend more money on health care, and 5. Save to bring down the debt in the future.

That's right, everyone has to sacrifice, but not today. We are going to sacrifice tomorrow, when it will be much easier and we shall be better prepared.

Obama's plan in a nut shell: Regulate, spend, spend, spend and then, as a last resort, save if you have to.