Barack Obama finally came clean in an exclusive interview with ABC News Chief Washington Correspondent and “This Week” Host George Stephanopoulos that aired this morning.

In a surprising display of honesty, Obama admitted that his campaign promises were just empty campaign rhetoric.

Obama told Stephanopoulos that fixing the economy over the long term will require “sacrifice” from every American and “scaling back” some of his campaign promises.

“Everybody’s going to have to give. Everybody’s going to have to have some skin in the game,” Obama said.

Obama’s plan to revive the economy is a familiar one: spend, spend, spend. But it’s a difficult thing balancing a budget by spending money you don’t have.

It seems to me that the best way to reverse the economic downturn is to stop spending taxpayer money and work on eliminating wasteful government spending by scaling back federal programs and earmarks that are designed to benefit political campaign contributers and lobbyists.

The truth is Obama is no different from George Bush. He will continue the timeless government tradition of robbing from Peter to pay Paul in the form of a trillion dollar “recovery package” that will vanish down the same government black hole where Bush’s bailout package went.

And when that trillion dollars fails to stimulate the economy, Obama will raise taxes on everyone.

Predictably, the Stephanopoulos blog readers are off the chain in the comments section. Furious at the prospect of paying higher taxes later for Obama’s inexperience now. A comment posted by “please!” pretty much summed up the consensus of the readers:

With record unemployment (worse since 1945) Sorry Barack… I’ve got NOTHING left to give!!! Go ahead and raise taxes. You might as well finish the rest of us off!!! Years from now our children will ask us what was the “middle class.”