Someone sent me this article
US President Barack Obama warned that the US economy could head into a “double-dip recession” unless urgent steps were taken to rein in mounting public debt.
Said the man who is making the Bush deficits look minuscule by comparison. And yes, I railed at Bush and the Republicans for their spending.
The US president’s remarks – in an interview with Fox News in Beijing on Wednesday, towards the end of his eight-day tour of Asia – marked his strongest language yet on the necessity of putting public finances back on a sound footing.
Fox News? WTF? He actually talked to Fox News?
“It is important though to recognise if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the US economy in a double-dip recession,” said Mr Obama.
Said the man who is planning to give us trillion dollar deficits throughout his entire first term. And if you think the deficits are bad now, just wait until we get gummint run health care.
Even the rat bastard commies are lecturing us.
Guess what? It turns out the Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact America’s huge fiscal deficit. Government officials are using his Asian trip as an opportunity to ask the White House questions. Detailed questions.Boilerplate assurances that America won’t default on its debt or inflate the shortfall away are apparently not cutting it. Nor should they, when one owns nearly $2 trillion in assets denominated in the currency of a country about to double its national debt over the next decade.
So Jug Hussein Ears is worried about our masive deficits and his plan is to continue to run massive deficits.
Hope. Change. Fire up the printing presses!
Buy stock in companies that make wheelbarrows, since you'll need them to carry the worthless dollars to the store to buy stuff.
Hello Weimar Republic!
Posted by denny at November 19, 2009 04:43 PMHad to resubmit my last ranting post from before: (lazy)
Now dumb O says that the debt (he created) can not be sustained and "could" led to a "double-dip" recession.
Ya think?(where'd he learn that from the chinese?) This asshat is winging it all the way.
Double-dip? Is he talking about ice cream?
It's not a "double-dip" recession, it's called a DEPRESSION you dumbshit.
BTW, I'm not a racist. I hate his white half too.
Yeah we are kinda fucked.
Posted by: kerrcarto on November 19, 2009 06:21 PMYes! He talked to Fox.
He's a great orator. He finally realized
that nobody watches ABC, NBC, CBS, CNN or MSNBC news.
I figure that with the audience size of Fox,
His approval rating should drop faster.
Ofcourse my advice to him is shut-up, pick up a shovel and help the wife in the garden. God willing and the creek don't rise, the country will fix itself before you run for re-election.
Pete
I know Denny, the wife says the same thing everytime I mention a threesome. "Dreamer"
Posted by: Pete on November 20, 2009 02:38 AMOct (one month)debt exceeded the debt of the entire last budget year of a republican (GWB) budget. Since Sept 30, 2007 it's all on Fancy (Botox) Nancy and Dirty 'Vegas Mob' Harry, with assistance from O'Dumbo.
X-Firefighter
Hello Weimar Republic!
I think you mean Wee-wee-mar Republic.
Posted by: PeggyU on November 20, 2009 07:47 PM