When he says: We inherited $1 trillion in deficits and an economy headed for a second Great Depression.

What he means is: It's all Bush's fault.

When he says: Thanks to my efforts, the economy was growing until this year.

What he means is: It was Bush's fault, but now it's the House Republicans' fault.

When he says: We need to focus on jobs.

What he means is: After $830 billion in stimulus spending, an auto bailout, cash for clunkers and several other multibillion-dollar "jobs" bills, none of which has worked, we need to try more of the same, but please don't call it a stimulus.