Ruby on Rails and Active Record standalone scripts disagree on database values for :timestamps

record = Record.find(:first)
record.the_time = Time.now()

<%= h record.the_time %>

record = Record.find(:first)
puts record.the_time

Wed Nov 26 00:40:00 (-0800) 2008

# Make Time.zone default to the specified zone, and make Active Record store time values
# in the database in UTC, and return them converted to the specified local zone.
# Run "rake -D time" for a list of tasks for finding time zone names. Uncomment to use default local time.
config.time_zone = 'UTC'

require 'active_support/core_ext/date/conversions'
record.the_time.utc.to_s(:db)