February 10, 2009 7:22AM 

# Umm, and What Resources Are Those? 

By [Michael F. Cannon](https://www.cato.org/people/michael-f-cannon) 

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At last night’s [news conference](http://www.cnn.com/2009/POLITICS/02/09/obama.conference.transcript/index.html), President Obama said:

> But at this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back into life.

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[Government and Politics](https://www.cato.org/government-politics) 

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