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Obama takes heat for boat-buying comment - Trade Only Today

Obama takes heat for boat-buying comment

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During a speech Tuesday in New Hampshire, President Barack Obama made some comments about fiscal responsibility that have riled some in the boating industry and Las Vegas.

"This isn't how responsible families do their budgets," Obama said. "When times are tough, you tighten your belts. You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college. You prioritize. You make tough choices. And it's time your government did the same."

The comments drew ire from Las Vegas mayor Oscar Goodman, who said, "I'll do everything I can to give him the boot," Goodman said of Obama. "This president is a real slow learner."

A year ago, Obama said at a town hall in Indiana that corporations shouldn't use federal bailout money for trips to Las Vegas. That comment also didn't sit well with city officials.

Obama reportedly sent Senate majority leader Harry Reid, a Nevada native, a letter explaining he was trying to make a point about not overspending in a tight economy.

"There is no place better to have fun than Vegas," Obama wrote, "one of our country's great destinations."

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