Barack Obama assures Asia that US borrowing will not spiral out of control

Telegraph (UK) ^ | 7:36PM GMT 15 Nov 2009 | Ambrose Evans-Pritchard

[RichInOC]

The president apparently thinks that Asian investors can’t read American political and economic news. Especially the Chicoms. As Arthur Jensen would have said to Howard Beale, what do you think their bond traders talk about in their meetings? The Little Red Book? They look at the trade figures and the money supply just like we do.

[Nachum]

The list, ping

[BP2]

Barack Obama assures Asia that US borrowing will not spiral out of control

TOO FREAKIN' LATE -- and Obama's accelerating the process!

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 16 Nov 2009 at 12:33:43 AM GMT is:

The estimated population of the United States is 307,294,010
so each citizen's share of this debt is $39,060.85.

The National Debt has continued to increase an average of
$3.85 billion per day since September 28, 2007!

[VRWC For Truth]

[Pan_Yan]

The president apparently thinks that Asian investors can’t read American political and economic news. Especially the Chicoms

I seriously doubt he meant those words for the Chicoms. Those were for public consumption. If you recall during the election one of his staff told the Canadians in private "Don't worry about his public statements on NAFTA." I'm sure he is telling the Chicoms something completely different in private.

Then again, maybe he feeds them the same crap in private. Who knows?

[Pan_Yan]

So if I can come up with $156,243.40 and pay off my family’s share now can I stop paying taxes on my share of the debt for the rest of my life? And my wife’s life? And the kids?

[murphE]

Thanks for the laugh!

[Gritty]

I swear, these humorous articles from The Onion just get funnier every day!

[Thebaddog]

Get ready for the taxes. BOHICA!

[Sooth2222]

Gold spiked up on the open and was last $1123.40/oz, so Asian investors are laughing at him, too.

[Mad_Tom_Rackham]

Will not?

[Pan_Yan]

He was on teleprompter. He did not stutter.

[Pan_Yan]

We have a global economy. I don’t think they are laughing. If people think the recession that we are ‘coming out of’ is bad just wait until the sucker rally ends. Lots of smart money is already very quietly backing out of the markets. In a day, week or month the little guys are going to watch with horror as their retirement funds give back everything they have gained since March and then some.

[plain talk]

Obama knows what he is spending. what this means to me is he plans to raise taxes big time.

[depressed in 06]

APEC delegates must have peed on themselves from laughing so hard. What a mess.

[Pan_Yan]

And print money.

[glock rocks]

And our former financial allies believe this lying sack?

Into the crapper we all go... weeee! weeeeeee!

[SunkenCiv]

"I'm pretty sure they'll believe me -- wouldn't you?!?"

[Darksheare]

Immediately, TOTUS burst into flames from the complete reality shattering ridiculousness of the statement.

[stevie_d_64]

You are right...Who could possibly believe anyone in Asia would give a rats arse if we borrow anymore??? They already own us, so who could imagine anyone of any authority in Asia would even pose such a PR type question...

This is a floater being put out to the press to get them to send signals to generate a reaction...

Watch the opening bell tomorrow...

We’ll have a nice little selloff before the end of the day...