Obama - Economically Illiterate

Scrambledeggconomics explains with just a few sentences:

The President warned the nation this week to expect continued economic hard times and in the next sentence he asks people not to save. Yet earlier in the week, he advised that it was a good time to invest in the stock market, which first requires people to save in the first place.

The scary thing is that a good number of economists, journalists, and politicians think this all makes perfect sense.