Barack Obama actually said...

"But I want to be very clear about what this plan will not do. It will not rescue the unscrupulous or irresponsible by throwing good taxpayer money after bad loans."

"It will not reward folks who bought homes they knew from the beginning they would never be able to afford."

"First we shared a commitment to economic recovery. The people of North America are hurting. And that is why our governments are acting."

"This is not going to be a reward for people who were irresponsible or who were speculators."