President Obama, in an interview that aired Sunday on CBS News' "60 Minutes," talked about the need to spend taxpayer money to save financial firms and the auto industry.
"I just want to say that the only thing less popular than putting money into banks is putting money into the auto industry," Obama said with a laugh.
Interviewer Steve Kroft asked how that laughter might be perceived, given the economy's troubles.
"There's got to be a little gallows humor to get you through the day," Obama said. "If you had said to us a year ago that the least of my problems would be Iraq, which is still a pretty serious problem, I don't think anybody would have believed it."
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