Unreal. This is infuriating.
After spending nearly a trillion of US taxpayer dollars on his record stimulus bill that produced bogus results Obama says that too much debt could result in a second recession.
Here’s the video from FOX News (not a real news service):
Barack Obama’s budget deficit in October was greater than George Bush’s budget deficit for all of 2007.
Obama tripled the national deficit his first year in office and he’s off to a record-setting start in fiscal year 2010.
By the way, as your read this remember- Team Obama told us a few months ago that, “Elevated deficits are beneficial.”
Reuters reported:
President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.
With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.
His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.
“It is important though to recognize 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 U.S. economy in a way that could actually lead to a double-dip recession,” he said.
But he’s still going to push his mega-billion dollar nationalized health care plan on America.
November 18th, 2009 | 6:23 am | #1
Don’t forget he’s going to make America safer by giving KSM a jury trial.
November 18th, 2009 | 6:24 am | #2
Duh………….does he really think the American people are that stupid? Its like he is a robot that is programmed to say the stupidest things at the stupidest times. Of course, indonesia schools do NOT teach American Econ 101.
Can’t we impeach for derelict of duty????? Most of us do not feel safe anymore.
November 18th, 2009 | 6:25 am | #3
[...] This post was mentioned on Twitter by badjerry, Sharon . Sharon said: Unreal. Biggest Spender in History Says Too Much Debt Could Fuel Second Recession http://tinyurl.com/yhtwans #tcot #tlot [...]
November 18th, 2009 | 6:25 am | #4
Don’t forget all the jobs he’s saved.
November 18th, 2009 | 6:26 am | #5
That’s like the fox telling us the henhouse needs a better lock on the door.
What actually surprises me is that Obama didn’t say, “I have always said that we need to reduce the budget deficit…”
November 18th, 2009 | 6:27 am | #6
Today may be the day that Obama goes < 50% on Gallup. He fell 3 points in one day yesterday to 50%.
November 18th, 2009 | 6:27 am | #7
Don’t forge all the jobs he’s created in non existent districts. Smartest President ever take a bow.
November 18th, 2009 | 6:31 am | #8
This statement is incoherent.
What recovery is he speaking of…? For him to suggest that we are in a recovery and all he has to do is simply sign something and everything will be OK shows a fundamental inability to understand where jobs and money come from.
How could he know ?
His whole life is filled with examples of him overseeing money he did not earn.
The guy never so much as ran a hot dog stand but he is now lecturing us on the dangerous of the recession he is feeding with his massive spending and borrowing.
November 18th, 2009 | 6:35 am | #9
He’s already well below 50% approval in his handling of every major issue so some people are obviously saying they still approve of him because they don’t want to be thought of as racist.
November 18th, 2009 | 6:56 am | #10
Costa #2,
Duh………….does he really think the American people are that stupid?
Of course he does. 52% were stupid enough to vote for him.
I am loving the buyers remorse out of the few people I know that voted for him. When I explained to them how big of a tax hike they are looking at to fund the Hope and Change(TM) they were so gung ho about a year ago some of them actually started crying. Being a sensitive person I showed my sympathy for them and dried their tears with a heaping helping of Clue Bat(TM) with a side of “I told you so”.
November 18th, 2009 | 7:04 am | #11
Your grandchildren will be Muslim.
Allahu akbar!
November 18th, 2009 | 7:05 am | #12
“President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.”
Oh this is too rich. It’s as if Obama has maxed out all of his credit cards, taken out multiple mortgages on the White House, pawned everything he owns (and even doesn’t own), written a bunch of checks at one of those payday loan places….and then tells everyone, “Hey, YOU’D better start living within YOUR means, or YOU’LL have to bail ME out!”
November 18th, 2009 | 7:11 am | #13
“the buyers remorse out of the few people I know that voted for him…”. they made such an issue that if you didn’t vote or support obama you were racist – now they don’t like his
actions but “they still like him as a person”……
how do you walk back from accusing any distractors of racism when you find yourself raising the same criticism.
November 18th, 2009 | 7:15 am | #14
Time to raise Taxes!
November 18th, 2009 | 7:29 am | #15
Members of the Democratic Party are going to need to come to grips with the fact that Obama does not care about anything but Obama.
November 18th, 2009 | 7:37 am | #16
After spending 787 billions to phantom jobs, where are the f***king real jobs, Mr. President?
November 18th, 2009 | 7:37 am | #17
Bambi’s really a shining light for us ordinary Americans. It never occurred to me that deficit spending would result in a deficit.
November 18th, 2009 | 7:40 am | #18
The only response I can come up with for this is…
“dumbass”
Are we living through some really bad ‘B’ rated movie or something?
November 18th, 2009 | 7:43 am | #19
Yep. Obama and Rahm are gettin’ ready for the 2010 elections by tacking hard-right.
They want their cake-and-eat-it-too…or should I say Obamacare-and-2010-elections-too.
They will claim, after the first of the year, that JOBS ARE THEIR FIRST PRIORITY.
They are banking on millions of Americans becoming lulled into the false realization, that THE ONE, stimulated a few jobs right before the 2010 elections….and therefore I must vote for the democrats, who cares sooo much about me.
I have never in my life, seen a bunch like these insidious democrats, who will go to ANY lengths, to manipulate the American people, just to ram their insane-American-hating-agenda down our throats.
After conservatives take back our government, we have got to clean most of these American-hating progressives out of our learning institutions, and get some balance of sanity back in our citizenry. I am starting to believe the in saying: “liberalism is a disease.
November 18th, 2009 | 7:45 am | #20
This is just the same ongoing tactic he uses—reinvent reality by relying on the uneducated/ignorant/blindly idealistic to buy whatever rolls out of his mouth. He has been doing it from the beginning by misrepresenting and lying about who he is. The lie/manipulation is Obama’s tool of choice and it only works when the populace is ignorant and uneducated. He isn’t going to win this one though–there are too many who clearly see what he is doing and he simply isn’t bright/crafty enough (thank God) to be as effective as he thinks he is. He is a chubby-fingered thug—simple, transparent, and heavy handed.
November 18th, 2009 | 7:46 am | #21
“After spending 787 billions to phantom jobs, where are the f***king real jobs, Mr. President?”
and where is the money. who’s padding their wallets.
November 18th, 2009 | 7:54 am | #22
Want to bet Obama will blame his second recession on Bush?
November 18th, 2009 | 8:12 am | #23
….recession on Bush?…
you can be at the end of a 8 year obama presidency that finds the country turned in-side
out and he’ll still blame Bush. the question will be just how long will the populace be willing to buy this.
woah – listening to fox – just hearing that W and Laura visited fort hood…..and we knew it like last week.
November 18th, 2009 | 8:12 am | #24
This is code for “Obama’s ’stash’ is gone.”
All those parasites with their hands out waiting for their freebees are going to be very angry.
November 18th, 2009 | 8:17 am | #25
[...] Obama rubs our faces in it according to Gateway Pundit [...]
November 18th, 2009 | 8:20 am | #26
[This is code for “Obama’s ’stash’ is gone.”
All those parasites with their hands.......]
the day after the election i happened to walk by a lively crew of about 8 – all decked out in their finest bama gear. very animated as they discussed the “stimulus”. now hilary shelton [naccp] is on carping about the last 8 years. too bad that the dems spent more time poisoning the water to get the one elected than on being good stewards of their constituency.
November 18th, 2009 | 8:35 am | #27
This is infuriating, however each day is infuriating.
Wait until all these idiots with their heads in the sand owe taxes on April 15th. I dread tax day usually, but this time around I am actually looking forward to it.
November 18th, 2009 | 8:39 am | #28
I’m thinking the only thing he took away from the Chinese trip is the Chinese giving him an Economics 101 class on how economies work.
I heard one of the commentators on Fox last night say “you know it’s bad when a communist government is lecturing you on spending too much money on government programs”.
I keep going back to O’Reilly saying during the election cycle that “Obama is brilliant”. I couldn’t believe it. I never thought he was brilliant. Now his ignorance is confirmed. He doesn’t have a clue. Being called out by the Chinese? Wow. Our country should be ashamed by this ridiculous Chicago politician and his immature advisors.
November 18th, 2009 | 8:39 am | #29
All this Obama debt reduction talk is just the buildup to justify huge tax increases which he will say are necessary to reduce our debt. Oh, he will also use this excuse to gut our military.
November 18th, 2009 | 8:40 am | #30
So, too much deficit spending, money-printing, and borrowing from China could send the country into a recession? But we are going to keep doing all of that PLUS add a trillion dollar government health care program that will kill hundreds of thousands of jobs, and raise costs for every business and every American who pays his or her own way. Since fewer jobs and fewer businesses mean lower tax revenues, that will mean further debt and even higher inflation. Add in 4-5$/gallon gasoline after the Cap and Waxman bill and you’ll be paying 10$ for a loaf a bread! Only you won’t have a job to buy any bread. Maybe Obama will let you into the bread line…if you have a Union Card, or a Black Panther Party armband…or are a Moooslim.
November 18th, 2009 | 8:43 am | #31
Squeaky, I saw that interview. Shelton was bewailing the black unemployment rate and claims “they” are assessing how much of the stimulus money can be “redirected” to help their situation. He was unintelligible. Bill Hemmer told him that the next time Shelton comes on Fox he has to have hard numbers to back up his assertions.
So, the hands are still out and the scramble is on to get their hands on the unspent stimulus money. Btw, hispanic unemployment was just a tick below black unemployment but Shelton didn’t bring that up, Hemmer did.
Tune into Fox Business Channel and hear what business leaders around the world think of Obama and his economic policies.
November 18th, 2009 | 8:51 am | #32
i thought i heard that “cadillac” insurance coverage won’t be taxed [for now] to cover cost of healthcare. back to [or did they ever leave]
$250,000 income . everyone on board for
taxing them rich guys according to a local poll.
the only jobs created by the poor is indirectly -
when the state hires you to manage a caseload
of poor. when they tell you, you wouldn’t have a job if not for them – professional poor people.
November 18th, 2009 | 8:54 am | #33
It is part of the Alinsky protocol to speak in language comfortable to your opponents. He decries deficits and overspending while continuing to overspend. What a lying sack of potatoes.
November 18th, 2009 | 8:59 am | #34
This guy has a real flair for desribing the blatently obvious. I’ll wager he discovered this yesterday, after being told by one of his advisers.
November 18th, 2009 | 9:04 am | #35
[...] Spender in History complains of too much debt Unreal. Biggest Spender in History Says Too Much Debt Could Fuel Second Recession November 18, 2009 by Gateway [...]
November 18th, 2009 | 9:08 am | #36
[...] quick, where’s that “Blame Bush” card for him to whip out? From Gateway Pundit: Unreal. Biggest Spender in History Says Too Much Debt Could Fuel Second Recession: Unreal. This is [...]
November 18th, 2009 | 9:34 am | #37
What recession? Substantial evidence exists that we are now in a depression. And it’s going to get worse. The bottom is about to fall out of the dollar.
November 18th, 2009 | 9:49 am | #38
[...] Wave of Hand Gateway Pundit, Change! Obama’s Monthly Deficit Tops Bush’s Yearly Deficit and Unreal. Biggest Spender in History Says Too Much Debt Could Fuel Second Recession Hot Air: Examiner analysis: More than 10% of stimulus jobs are phony and Porkulus job numbers [...]
November 18th, 2009 | 11:17 am | #39
“It is important though to recognize 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 U.S. economy in a way that could actually lead to a double-dip recession,”
………………..
AS usual, telling us to our faces what he’s planning – a “double-dip recession.”
Guess his advisors figured out a single recession wasn’t enough to bring the nation to its collective knees, so they’re gonna throw more lead weights on, so that “people could lose confidence in the U.S. economy.”
WIth such a crisis, one will need a new currency, new government controls … a total Marxist overhaul.
The US isn’t desperate enough, but by gum, he’s planning to “fix” THAT.
He’s bowing all over Asia, even despite the national fury – so he either hasn’t heard or he has and is signalling his reality – that would be in harmony with his statement that “we are an Asian-Pacific nation” which means turnig our backs on Europe, code for “Western Civilization tradition.”
Loaded with Leftist symbolism and signals, that the media pretends aren’t signicant.
November 18th, 2009 | 11:29 am | #40
[...] Hat tip: Gateway Pundit [...]
November 18th, 2009 | 11:36 am | #41
So does Obama have a split personality? I guess Obama Personality A helps Congress spend as if they’re all on a mission to rid the world of money, and then Obama Personality B wakes up and goes “OMFG WTF happened here?!!”
November 18th, 2009 | 11:37 am | #42
Prelude to a tax increase, mark my words.
November 18th, 2009 | 11:38 am | #43
myna
November 18th, 2009 | 7:37 am | #16
After spending 787 billions to phantom jobs, where are the f***king real jobs, Mr. President?
Ah… I hate to break it to you but those billions are long gone, stashed away in secret bank accounts for the future use and enjoyment of Obama, Michelle and his cronies. You didn’t think he wanted to be POTUS for free, did you? He despises the US and Americans.
November 18th, 2009 | 12:21 pm | #44
Excuse me all, but I have to say this: “This idiot doesn’t know his ass from his elbow!”
November 18th, 2009 | 12:21 pm | #45
++
One World Government & A New World Order clip #3
==
November 18th, 2009 | 12:31 pm | #46
A clumsy but effective tactic to throw people off. He gives lip service to the debt (throwing a bone to views of Glenn Beck) while increasing it exponentially.
November 18th, 2009 | 12:38 pm | #47
“….. Obama says that too much debt could result in a second recession.”
Now can anyone state Obama does NOT know what he is doing to America?
November 18th, 2009 | 12:41 pm | #48
Look. It’s the daily “Post that same deficit graph over and over and over and over” post!
November 18th, 2009 | 12:50 pm | #49
Go Obama Go!
Rasmussen has BO at -14!
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Quinnipiac poll: Obama now under 50% approval; Update: Q-poll data added
http://hotair.com/archives/2009/11/18/quinnipiac-poll-obama-now-under-50-approval/
BO is shedding independents.
November 18th, 2009 | 1:12 pm | #50
LIAR! LIAR!
November 18th, 2009 | 1:15 pm | #51
Nothing Maoist Obama does should be a surprise. He is a trans-nationalist who wants a UN run world. America is too big for its britches and must be brought to its knees. What better way than through a second recession.
Meanwhile, Mo and BO will dance the night away living large on the American taxpayer!
November 18th, 2009 | 1:49 pm | #52
Is it April Fool’s Day? This guy’s a titanic practical joke.. only problem is NO one’s laughing except maybe Ayers and Wright.. they’ve got to be watching their man ” channeling center right” today and thinking what fools, those dimwits who bought his manure last election day.
As for me and my family, we’re stocking up on staples and praying that Hopey-Changey gets an offer from the UN to run some banana republic far far away from here.
November 18th, 2009 | 1:58 pm | #53
++
truth sarc on/
oh not to worry, our Collective Soul Savior has
landed, uh, arrived, er, risen, uh, ascended..
I God bless you & i’m “confident” a Kingdom can
be created right here on Earth!! ~B Hussein O
/truth sarc off
==
November 18th, 2009 | 2:14 pm | #54
Poopsicle #48 said.
“Look. It’s the daily “Post that same deficit graph over and over and over and over” post!”
Look! It’s a talking turd on a stick!
November 18th, 2009 | 3:04 pm | #55
It is Wednesday, folks. And lights and music are on, time for cha-cha and singing at the WH…
yee-haww!
November 18th, 2009 | 4:00 pm | #56
[...] Jim Hoft: “After spending nearly a trillion of US taxpayer dollars on his record stimulus bill that [...]
November 18th, 2009 | 4:06 pm | #57
Barack and Barney Franks are the two dips in this recession.
November 18th, 2009 | 4:25 pm | #58
‘The Secret of Oz’ exposes devious financial wizards
Documentary reveals government-corporate conspiracy of epic proportions
“To put this into perspective,” said Still, “The Gross Domestic Product of the United States is a mere $14 trillion. Even the world GDP is only $65 trillion, and the best estimate of the worth of everything in the world is only $200 trillion. That’s how big these numbers are.”
“This is not incentive-driven capitalism! That’s the problem,” said Still. “It’s a hybrid somewhere between socialism and plutocracy. Big money controls the government so that it no longer does the will of the people, it gives these huge financial monopolies whatever they want. People sense it, they just can’t put their finger on where the center of the problem is.”
Biggest swindle ever.
November 18th, 2009 | 5:24 pm | #59
Fox News Obama Interview with Major Garrett..
Did Obummer just say he “always said job growth would lag behind economic growth”.. I thought he said his “Super Duper Gotta Pass It, Don’t Read It” Stimulusssssss was gonna keep unemployment around 8%.. lag doesn’t even begin to touch the gap between this guy’s flim-flam and the the jobless numbers..oh, lest I forget, he doing a lousey-duper job summit soon.. how reassuring! what a dip is spot on… no make that: what a double dip.
November 18th, 2009 | 8:12 pm | #60
++
S. Wolf @ 4:25 pm #58
re: [they just can’t put their finger on
where the center of the problem is]
closest i can get is Prince Alwaleed..
you know.. the man who offered 10 mil dollars worth of condolences
shortly after 9/11.. same Prince Rudy G. more or less told to go stuff
it.
more here, that’s if the links haven’t been swept down O’s black hole..
my friends are the enemies of my enemy ~ B Hussein O
==
November 19th, 2009 | 7:10 am | #61
[...] Here’s a clip from Major Garret’s Fox News interview, with a hat tip to Gateway Pundit for the [...]
November 20th, 2009 | 9:54 am | #62
[...] Related reading: VotingFemale Speaks: Congress? You are FIRED! 5 million and counting Pink Slips arrive at Congressional Offices (video) The Reality Check: Send Congress a PINK SLIP! The Daley Gator: Record! 1.5 Million ‘Pink Slips’ To Congress In 6 Days – WorldNetDaily Hot Air: CBC holds financial reform hostage as Congress gets angry with Obama over economy Rep. Darryl Issa, Washington Examiner: Fake job numbers vital to stimulus propaganda Doug O’Brien, Big Government: More Stimulus Math: Cooking the Books on Stimulus Jobs Mike Flynn, Big Government: Obama Stimulus Numbers: The Return of Enron-Style Accounting The New Ledger, Big Government: Do the Democrats Have Any Solutions on Jobs? Anything at All? Associated Press: Obama: Job creation not goal of Dec. 3 jobs forum Publius, Big Government: Real Obama Miracle: Creates Jobs AND Congressional Districts With Wave of Hand Gateway Pundit: Dems Buy Off Sen Landrieu’s Vote For $100 Million of YOUR Money and Change! Obama’s Monthly Deficit Tops Bush’s Yearly Deficit and Unreal. Biggest Spender in History Says Too Much Debt Could Fuel Second Recession [...]
November 20th, 2009 | 7:16 pm | #63
[...] $100 Million of YOUR Money and Change! Obama’s Monthly Deficit Tops Bush’s Yearly Deficit and Unreal. Biggest Spender in History Says Too Much Debt Could Fuel Second Recession Hot Air: Examiner analysis: More than 10% of stimulus jobs are phony and Porkulus job numbers [...]
November 22nd, 2009 | 12:25 pm | #64
[...] in Democrats. Tags: Corruption, Debt, Obama, Pork, Spending, The Economy trackback And that it could trigger a second recession. Well, now we’re at $12 Trillion, thanks mostly to the Democrat’s outrageous spending. [...]
November 23rd, 2009 | 3:02 am | #65
[...] $100 Million of YOUR Money and Change! Obama’s Monthly Deficit Tops Bush’s Yearly Deficit and Unreal. Biggest Spender in History Says Too Much Debt Could Fuel Second Recession Hot Air: Examiner analysis: More than 10% of stimulus jobs are phony and Porkulus job numbers [...]
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