President-elect Barack Obama was on "Meet the Press" [Sunday] and he told the American people the economy was going to get worse before it gets better. That's what he said. It's going to get worse. See, that's when you know the campaign is really over. Remember before the election, "The audacity of hope!", "Yes, we can!", "Change we can believe in!" Now it's, "We're all screwed, good night, thank you! It's going to get worse!"
What a difference a couple of weeks makes. Remember last month, the three auto company heads flew to Washington in private jets looking for their bailout? Remember they own the private jets? Well, this time, the three CEOs drove in their own hybrid cars; 520 miles they drove in their own hybrid cars. See, you know what I think the government should have done here? Make it like "The Amazing Race." You drop these guys off, no money, no transportation, give them some tools, they have to build a car. First one to Washington, they get the bailout.
This year, the Treasury Department is holding its annual holiday party inside something called the cash room. You know what that is in Washington, the cash room? That's a big room where the Treasury Department holds all its cash it has on hand. Of course, these days it's empty, so plenty more room to party.