Skip to comments.The President Is Actually Trying to Talk the Markets Into a Panic.
Posted on 07/22/2011 5:46:50 PM PDT by markomalley
An enraged Barack Obama just took to the nations airwaves to announce his effort to strike a deal with Republican Speaker of the House John Boehner has fallen apart. Perhaps for the first time in American history, this president is literally using this press conference to create a financial panic over the weekend about the opening of the markets on Monday. He is warning of disaster on Monday. Clearly, he wants to use this as leverage to frighten the GOP into passing the plan proposed by Senate Minority Leader Mitch McConnell, which will push the debt ceiling problem into 2013, but its still an entirely new and astonishingly reckless gambit.
Watching the insta-reaction on Twitter is very instructive. Liberals say this is good for Obama because it shows GOP recalcitrance. Conservatives say that he has remained so committed to enormous tax increases that he tanked the very possibility of a deal. Time will tell, but it strikes me that the heated rhetoric he is usingI didnt get my phone call returned, Ive been left at the altar, theres nothing Republicans will say yes todoes not suggest he, Obama, feels he has been handed a gift by Boehner and the GOP. He claims to have put $1.5 trillion in cuts on the table, plus $600 billion in entitlement reductions, in exchange for tax increases of the same size. He says Republicans said they would accept a dollar in higher taxes (or revenue) for every four dollars in cuts, which isnt exactly saying no to everything. For their part, Republicans in the House passed their cut, cap and balance bill on Wednesday, and it included an increase in the debt ceiling, so even by his own account his criticisms of the GOP are not accurate.
“You can’t fix stupid” - Ron White
Thing is, zero will blame the tanking on the republicans who will then use it as a reason to cave in.
This proving yet again.
You can’t fix stupid.
Why not — it worked for him in Nov/Dec 2008.
BHO2 is bent on destroying the U.S. economy. It is somewhat like the Cloward-Piven strategy to establish socialism; only in BHO2’s case, it it meant to bring about Global socialism.
And guess who thinks he is going to be President of the World?
He's trying to scare them so he can turn and use that panic as a weapon against Republicans trying to do the right thing.
He is attempting to generate his forcing function the only way a community organizer knows how.
To incite a riot.
Given that crisis he can be God and do what ever he wants.
Well at least we know that Barry was paying attention during the Cloward Piven classes he took at Columbia University.
Congress has to take action without the marxist. He wants the default.
I already put everything possible in gold and swiss franc funds. He’s intent on killing the market and the dollar.
Its bizarre and frightening.
Does anybody really listen to Zer0 anymore?
Maybe the Putz is buying puts.
To incite a riot.
Given that crisis he can be God and do what ever he wants
So far he has only confronted bleating, albeit, compliant lambs.
If a coup is attempted, I believe he'll have a whole other animal on his hands - this time.
I think he is misjudging The People. He confuses us with "politicians".
Democrats appear to think that doubling a 50% tax to 100% will double revenue.
They were hoping we’d fall for Lucy’s perennial football ploy.
D R E A M of DOW 8000 or 9000 - GREAT time to buy back in. Market is too high right now. Would love to see a big correction.
IMO, he needs a crisis in order to get voters to “panic vote” to accept something they wouldn’t even countenance in a more rational situation. Kinda like FDR in his first/second terms. >PS
I agree Darkwolf.
Usually when a President's party gets an election reaming, as id did in 2010, the President moves to the middle. Zer0, who fancies himself a king, is pedal-to-the-metal for the cliff.
Conservatives should call a press conference three times a day exposing the fraudulent behavior of the rats. Do what's right. The country is depending on you.
Take Barack Jackwagon Marx to the woodshed in 2012.
Refuse to raise the debt ceiling! Now's the time to have some big, brass, clanging baiis. Please.
Countdown until Obama leaves Office: 547 days as of July 22, 2011.
Barack Obama: Narcissist,Sadist,Ideologue,Fool.
He is the front man for the most dangerous development
in American politics I have seen in my lifetime.
EVERYTHING he does and says, by conscious design or not,
is engineered to turn this country upside down, push
the envelope in the most reckless ways, and create class
warfare. The devastation and destructive uncertainty his
policies have ALREADY brought about are not debatable, the potential for absolute catastrophe awaits us in the near future if he’s re-elected. (He won’t be, but the process of
undoing what he’s instituted and re-establishing global alliances with the forces and interests he’s abandoned is going to be JOB ONE for any new Administration, and could take years). Barack Obama is a PHENOMENON, as has to be understood as such:no one this extreme has ever put himself and his interests so blatantly right up in our faces, and been so resolute, arrogant and narcissistic in the way he’s done it. He is NOT a politician, he’s a self-appointed demagogue with NO connection to the American people, even those phantom constituencies he thinks remain steadfastly in his camp. Talk about a national nightmare-—we’ve never withstood anything this bad, this misguided, in all its comprehensive WRONGNESS. It’s a tribute to capitalism ONLY
that we’ve been able to roll with the punches, but just barely.....
Mass layoffs (Goldman Sacs, Cisco, NASA, Borders) are in the works as I type, and this Dufuss wants to raise taxes. “You can't fix Stupid.”
Getting rid of the mortgage deduction in the middle of the worst housing market ever is beyond insane. “You can't fix Stupid.”
The Democratic Congress has not passed a Budget for over 800 days, beyond idiocy. “You can't fix Stupid.”
Obama and the Democrats OWN THIS.
FUBO! FUNP! FUHR!
The Barracuda is a nice touch.
"I didn't get my phone call returned" and "I've been left at the altar" reveal a sad immaturity and weakness, not the level of strength and maturity of a world leader.
Obama is negotiating in bad faith. And then he jumps to the microphones. It won’t work. The era of big spending to achieve some illusory utopia is over.
He didn’t get his way so he is having a tantrum and acting ugly, while Americans who haven’t gotten their way, having a fiscally responsible government and a job, are expected to and do still act civilized.
Me thinks the asshat Obama, his handlers are doing their best to manipulate a World class crisis to create an excuse for extraordinary, perhaps extra Constitutional actions.
I think revolution isn’t that far fetched a possibility.
“Obama, feels he has been handed a gift by Boehner and the GOP. He claims to have put $1.5 trillion in cuts on the table, plus $600 billion in entitlement reductions, in exchange for tax increases of the same size.”
THAT IS A BAD BAD BAD BAD BAD BAD BAD DEAL.
Even $1 in tax hikes for $20 in phony fake ‘cuts sometime later’ deals is a bad deal.
Which part of NO in ‘no tax hikes’ is not understood?
there is only one GOOD deal: Cut spending
- raise the debt ceiling by $X billion
- cut FY 2012 spending from the baseline by $X/5 billion
and assume the ‘savings’ goes for 5 years.
Someone forgot to tell Obama he was running ofr president, not massah.
I use that charged term deliberately, because he has the cliche’d clave master’s opinion of the rest of the world—we exist for our own benefit only as a minor, secondary reality. We are all just property to him, to be shoved around to help make things ‘equal’ in the most government-centric, liberal societal control way—food stamps (up through the ROOF under him), taxes as punishment for taking from the pie that we all should have equal-sized slices of, and the rest of his games with other people’s money.
Then he will look out on the accomplishments of others while he parties with those who also see the rest of us as mere racist crackers of all colors, and say “See what *I* did?!”
He is the ultimate liberal, who sees the rest of us as mere obstructions in his goal of social engineering, who don’t get the wonder of the academic world where the rest of the planet is kept away, and everyone lives by the mantra: “The world would be perfect if everyone would let US run their lives.”
When someone has another point of view, he does what all freaks who see government and politicians as messiahs do—he insults, he pouts, he gets pissy, he whines...and he is revealed as an Oz-like puppet master who has no power if only someone isn’t afraid of his illusions and dares stand up to him.
Slick and Beast think it's going to be Slick, although I'm sure Obozo would like the job. But Slick needs it more, to dry-clean what that blue dress did for his political career, so watch out, Bozo!
The only parallel I can think of is, what would it have been like in 63 BC if Catiline had been, instead of Cicero's arrestee and prisoner, consul of the Romans?
We've got the perp in office and the good guys on the outside looking in ..... thanks, everybody remember this, to Vernon Jordan and Tommy Dasschole. And George Soros, of course.
The coup was accomplished in November, 2008. What he is trying for now is to become King of the Earth.
Where is our military to take this treasonous asshat out?
If you want to know what big “O” is doing next, just refer
to Saul Alinsky’s book.
>>>The only parallel I can think of is, what would it have been like in 63 BC if Catiline had been, instead of Cicero’s arrestee and prisoner, consul of the Romans?<<<
Thanks for sidtracking me for 15 minutes on a cloudy and cold Saturday morning to read about this historical event. Fascinating stuff.