Earth to Alec, Obama has been spending like a drunken sailor since day one.

(CNS News) — Emmy award-winning actor Alec Baldwin told CNSNews.com on Capitol Hill that he believes the financial crisis has “crippled” President Barack Obama, preventing him from doing any “new spending.” Baldwin also said Obama has been doing “a lot” of “back-peddling” because he’s had to spend his whole first term “trying” to correct America’s course financially.

Following his appearance on Capitol Hill at a press conference with Senator Dick Durbin (D-Ill.) and Rep. John Larson (D-Conn.) about campaign finance reform, CNSNews.com asked Baldwin if President Obama has lived up to his expectations.

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