Barack “I Never Met a Dollar I Wouldn’t Spend” Obama signed an executive order today creating a financial advisory council geared toward young people. No, really:
Advisory Council to promote financial education of young people to learn difference "between wants & needs" & importance of saving.
— Mark Knoller (@markknoller) June 25, 2013
Yes, President Obama is touting the importance of sound financial planning.
Those who do save find that Federal Reserve actions have reduced interest on savings to 1/10th of a percent.
— Mark Knoller (@markknoller) June 25, 2013
Council members to include Secretaries of Treasury & Education or their designees and 22 non-govt individuals appointed by the pres.
— Mark Knoller (@markknoller) June 25, 2013
These guys aren’t exactly the greatest spokespeople for this sort of thing. Even Mark Knoller’s scratching his head:
Does any government entity have the credibility to teach anyone about the importance of saving?
— Mark Knoller (@markknoller) June 25, 2013
That’d be a no.
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