Here is video of President Obama telling David Letterman last night that "we have had too little Government." He was defending his moves to impose Government Health Care on the nation, as well as all the bailouts that have taken place. Obama claims more Government regulation would have kept America from experiencing the economic crisis we are in.
That completely skips over the reality that it was Government meddling in the Housing market by pushing lenders to give loans to people who were not able to afford a home, that led to the current crisis. It was the Democrats who pushed lenders to do so, and even prevented legislation that would have dealt with the problem. All in their drive to implement social engineering.
Obama stated his basic philosophy when he said "we have had too little government." This is the exact opposite of what Ronald Reagan used to say. Here is video of Reagan saying that: