I think anyone who thinks in absolutes of saying he's "flip flopping" is a fool and have no concept of nuance and pragmatism. Even more so after he gave that speech, especially f you didn't catch the part where he said "such classic risk management comes at a price".
What we're seeing, I believe, is risk management in action. The "price" we're paying is likely every single piece of policy that is short term (as in 5-10 years IMO) detrimental. But can be diverted course when things improve. But that's also up to us to vote for people that are principled rather than voting by emotions. The horizon of a government should be long term and not short term.