Uh-huh
Obama assured Asia today that US borrowing would not spiral out of control…
Just as soon as he passes his nationalized health care plan that will raise the costs of health care by $289 billion over the next 10 years.
Isn’t it a bit late for that?
Obama tripled the US deficit his first year in office. His October budget deficit was greater than Bush’s 2007 budget deficit for the entire year.
The Telegraph reported:
President Barack Obama has promised Asia’s creditor nations that Washington will not let US borrowing spiral out of control, vowing a major drive to cut the budget deficit and restore global confidence in the US dollar.
“As the economy recovers, I intend to take serious steps to reduce America’s long-term deficit,” he told the Asia-Pacific Economic Co-operation (APEC) forum in Singapore. “Debt-driven growth cannot fuel America’s long-term prosperity.”
The assurance comes amid growing doubts across the world over the wisdom of White House spending plans. The US Congressional Budget Office expects the deficit to remain around $1.8 trillion (£600bn) as far ahead as 2019 under current plans, pushing the US national debt into the danger zone.
November 16th, 2009 | 8:36 am | #1
Cut spending below this year’s blowout? Big whoop.
November 16th, 2009 | 8:46 am | #2
He lies wherever he goes.
November 16th, 2009 | 8:48 am | #3
He already has let borrowing spiral out of control.
November 16th, 2009 | 9:03 am | #4
It’s all Bush’s Fault!
Devaluing the dollar by trashing private healthcare
The main driver of the collapse of the dollar is the liquidity provided by the Fed at nominal interest rates, which invites a worldwide army of investors to short the dollar and buy foreign stocks and bonds. If the dollar continues to fall in value, these investors are effectively paid to borrow as long as their other investments are higher in dollar terms when they unwind the trade. Professor Roubini has a good article on this subject which predicts that current policy is creating an international stock market bubble which will be followed by a collapse.
http://www.americanthinker.com/2009/11/devaluing_the_dollar_by_trashi.html
November 16th, 2009 | 9:08 am | #5
What!? Obama lied? The hell, you say. /sarcasm
November 16th, 2009 | 9:18 am | #6
Hey Stupid, how about not running up the damn deficit to start off with???
November 16th, 2009 | 9:21 am | #7
He thinks he can say just anything, and people will believe it, just because he said it.
The American people aren’t that stupid, and neither are the Asians.
November 16th, 2009 | 9:26 am | #8
Nominations for 2009 Economic Prediction o’ the Year
http://directorblue.blogspot.com/2009/11/nominations-for-2009-funniest-saddest.html
November 16th, 2009 | 9:41 am | #9
His “serious steps” are likely to include stopping all aid to Israel, pulling out of Afghanistan and Iraq, effectively abolishing the military, and doubling taxes.
November 16th, 2009 | 9:52 am | #10
You have to ask yourself “What else did he promise them”. Obama needs beaucoup cash to fund his gigantic boondoggles and he has shown himself to be no fan of American dominance.
Is he going to give them more of America’s secret military technology as a bribe….?
It’s not like it hasn’t happened before.
Look who his Secretary of State is…..cough.
We’re are being sold down the creek.
November 16th, 2009 | 10:02 am | #11
America……selling to the highest bidder!!!!!
Going, going……..
November 16th, 2009 | 10:09 am | #12
[...] Obama Promises Asian Creditors He Won’t Let Borrowing Spiral Out of Control [...]
November 16th, 2009 | 11:00 am | #13
Obummer’s lies are amazing.
.
November 16th, 2009 | 11:01 am | #14
The obamao said we have nothing to fear from China`s expansion. Good bye Africa it was good to know you.Taiwan, you will soon be a distant memory.
November 16th, 2009 | 11:25 am | #15
While Obama watches the rest of the world posturing and debating the re-shuffle of lines, he just keeps on lying as if the whole world is stupid. They are ASIANS, for crying out loud!
November 16th, 2009 | 12:07 pm | #16
This is a simple one on how to reduce the deficit… raise everyones taxes…i can hear it now..we are in a serious crisis left my bush, ive made promises to the chi-coms that we will reduce our deficits and bc we dont want to end up a great depression, i hate to do this but i must raise everyones taxes and by doing so..in only 3 years, we wil be able to bring the deficit to zero and then at that time i will lower your taxes to where they are now.. we all must take place in shared sacrifice
November 16th, 2009 | 12:10 pm | #17
I bet the Chinese are laughing at this fool.
Mike W,
You bring up something that no one but a few seem to be paying attention to which is the Chinese colonization of Africa. People should be paying attention to that.
November 16th, 2009 | 12:27 pm | #18
If you have not seen this unemployment map county by county from Jan 2007 to Sept. 2009 in the US it is well worth the view. Please note that real unemployment began when the dems took control of our purse strings in Congress.
http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html
Nahanni, yesterday a Commie posted a link to a site of how communism will end racism. The commie is totally ignorant as to the racism practiced by the Chinese towards the Africans.The commie was also ignorant of how Castro uses racism to keep his citizens suspicious of others just by their skin tone.
China is working hard to make Africa a satellite.
November 16th, 2009 | 12:56 pm | #19
It’s a little late for his comment! Debt is out of control as are his policies. When is he coming back from his American apology tour so that he can get back to his main agenda – the Blame Bush doctrine?
November 16th, 2009 | 2:01 pm | #20
All commentators should read an article that ws on the American Thinker website: http://www.americanthinker.com/2009/11/the_future_is_now.html
It really puts all this into perspective
November 16th, 2009 | 3:10 pm | #21
++
OT..
OCBill @ 9:41 am #9
re: [israel]
via TRBO
Palestinians UN assault coordinated with Obama. Netanyahu threatens
to retaliate with ‘one-sided Israeli measures’ (Major Update)
Obama intel pick accused Jews of assassination, threats. Lauded
Iranian nuclear program as ‘deterrent’ against Israel, Bush
==
November 16th, 2009 | 3:27 pm | #22
++
Rovin Dawsen @ 2:01 pm #20
[The remaining option of hyper-inflating the currency, while having the effect of paying off the debt with near-worthless dollars, would destroy the United States as we know it and relegate us to "banana republic" status: unable to compete in the world economy and at the mercy of those who wish us harm.
The alarm has been sounded -- not by those in the private sector, but by a major government agency. The electorate must become increasingly engaged and understand that the America has little time. We can continue to live in peace and prosperity and survive as a nation, but only if the United States is a dominant moral and economic force able to underwrite being the unrivaled military power in the world.]
good luck with that, as the plan to
collapse US is working beautifully..
welcome to the new world order..
just follow yellow brick road..
==
November 16th, 2009 | 3:37 pm | #23
++
OT..
Mike W @ 12:27 pm #18
ht TRBO
75,343 Bogus jobs ‘created or saved’ by the Stimulus
==
November 16th, 2009 | 5:00 pm | #24
Was he joking? Mr. Deception, at work again.
November 17th, 2009 | 12:56 pm | #25
His “serious steps” –in their entirety– will consist of the following:
One twenty-minute speech on TV.
It’s obvious to The Won that some mellifluous speechifying (including a good bit of his patented “some have said… but I say” constructions) with a suitably earnest expression (he will have practiced a bit) will turn aside the doubts of all those silly naysayers in flyover country who do not yet grasp the magnificence and wonderfulness of his Great Plan To Fundamentally Transform America.
Thus the Great Diminishment of America begins.
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