Peter Schiff mentioned this on his video blog, so I decided to seek out the exact words of our president. They are:
"I think that America has a noble tradition of being healthily skeptical about government. That's in our DNA, right? (Applause.) I mean, we came in because the folks over on the other side of the Atlantic had been oppressing folks without giving them representation. And so we’ve always had a healthy skepticism about government. And I think that's a good thing."(Emphasis added.)
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