Skip to comments.SNL China Cold Open: evergreen image of the USA debt
Posted on 07/18/2010 1:56:49 PM PDT by Big Bureaucracy
Saturdays Night Live ran a repeat yesterday of one of their most successful skits this year. The reminder of the joint press-conference of President Obama and the Chinas Dear Leader comes at the right time.
China just reduced its holdings of US Treasury debt. Is it a political move or a sound investing strategy? I am afraid it is the second.
While President Obama continues to campaign on his Health Care reform, nobody is buying its miracle effect on the deficit anymore. The Congressional Budget Office finally revealed the whole picture and the grim true came to live: ObamaCare will add to the deficit.
Surprised? No! Even the SNL comedians knew you cannot cover more people for free. That money will come from our kids and grand kids repaying the debt to China.
No matter how much we kiss Chinas behind eventually they will realize they are not getting quality services for their money. The raise in the GDP fueled with spending borrowed money make the US look weak clunker weak. China and the rest of our creditors want no more kisses they want jobs.
If the US economy readily starts to produce jobs investors will fall in love with it again.
(Excerpt) Read more at bigbureaucracy.com ...
“If the US economy readily starts to produce jobs investors will fall in love with it again.”
It is not going to happen until the Saudi agent is impeached or found to be inelgible.
Humor works when it injects truth. That skit is hilarious.
We had our annual insurance renewal meeting at work last week.
The owners had to inform employees that the insurance cost was going to increase 55%.
No increase to workers, but those with spouse and children get hit hard. No change of carrier, but there is an increase in almost every area.
Now they have added call a doc, where you can call in and get prescrips. Great, more self diagnosis. And a $4000 deductible per family.
You never heard such whining in all your life.
“but Obama care does not take effect till 2014”
Too bad bucko, you pay now.....
Obamacare to the rescue, women and children hit hardest.
How’s that hope and change thing working for you?
As Pelosi and Dodd said:
We only will find out what is in the ObamaCare and the Financial Reform laws after they hit us!
It worked last night as well as it worked half an year ago.
Now the ObamaCare is all in the open and those folks that trusted Obama-Pelosi-Reid (for reasons that i don’t understand) realize there is no free lunch.
“I like to be kissed when someone do sex on me!”
I saw this again last night... loved the setup lines.
“Are you going to buy me dinner and a movie first?”
“Do I look like Mrs. Obama?”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.