Posted on 08/09/2011 8:46:14 AM PDT by yoe
Pummeled by ghastly economic news, President Obama called Monday for more spending and extended tax cuts that he said would help stimulate the economy — but these also could deepen the deficit problems that helped the federal government earn its first-ever debt downgrade last week.
The president made the proposals as world stock market indexes were tumbling, and his remarks seemed designed to help the White House regain its political footing by resetting the congressional agenda next month. Mr. Obama said he wants the 2 percent payroll-tax cut extended into next year, the creation of an infrastructure bank by Congress to promote construction, and enhanced unemployment benefits extended for another year.
“If Congress fails to extend the payroll-tax cut and the unemployment-insurance benefits that I’ve called for, it could mean 1 million fewer jobs and half a percent less growth,” the president said from the White House, as stocks were in the midst of deep losses that would register a nearly 635-point drop in the Dow Jones industrial average. “This is something we can do immediately, something we can do as soon as Congress gets back.”
(Excerpt) Read more at washingtontimes.com ...
Obama is no different that the angry black flash mobs attacking the white man...in the streets around the world and across America...
SEE what happens with “Eric ‘My People’ Holder” gives away the FREE VIOLENCE pass to the Black Panthers and is the protector of the illegal activities of Obama?
What Regan did to the Soviet Union...Obama is doing to the USA...bringing her to her knees...
The U.S. Congress sets a federal budget every year in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective:
” U.S. income: $2,170,000,000,000
“ Federal budget: $3,820,000,000,000
“ New debt: $ 1,650,000,000,000
“ National debt: $14,271,000,000,000
“ Recent budget cut: $ 38,500,000,000 (about 1 percent of the budget)
It helps to think about these numbers in terms that we can relate to. Let’s remove eight zeros from these numbers and pretend this is the household budget for the fictitious Jones family.
” Total annual income for the Jones family: $21,700
“ Amount of money the Jones family spent: $38,200
“ Amount of new debt added to the credit card: $16,500
“ Outstanding balance on the credit card: $142,710
“ Amount cut from the budget: $385
Whew! I’m glad they got that all worked out to our benefit, aren’t you? I feel better already.
“I would like to know how unemployment benefits stimulate the economy?”
###
Why, giving money to parasites so they can buy iPhones, booze and plasma TVs, of course.
All the while of course, ignoring the basic rule of Hazlitt’s “Economics in One Lesson”:
You must look at ALL the factors in any economic transaction. In this case, on the other side of the equation, which the propagandizing QueerMedia refuses to cover, the RaceMarxist is stealing from other Americans to finance the habitually unemployed.
Making his friends and PACs rich hasn’t worked so far, so I figure it’s due for a win. :D
/sarc
Captain on the bridge of the Titanic: "Looks like the first "stimulus" iceberg didn't sink her. Well let's go full speed ahead and see what happens. Good night."
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He's been wrong on everything so far.
Maybe the American people should just ignore him until 2012. Give him a gum wrapper to play with.
Maybe he can try the old Bush Tax Refund trick? Give refund checks to everyone, even those that don’t pay taxes. /s
He's been wrong on everything so far.
Maybe the American people should just ignore him until 2012. Give him a gum wrapper to play with.
Bingo
"When all logical explanations have been exhausted, it is time to look at the explanations you dared not believe."
I can't believe people STILL don't see what is happening.
For the people who still don't get it --when you are in the middle of communist coup -- there typically isn't a big announcement that you are in the middle of a communist coup.
It only becomes really apparent when the breadlines start and your neighbors start disappearing.
But, by then, it's too late. Most are too hungry or scared to say much of anything.
IMPEACH IT NOW!
what a destroyer of American this turd is just like his butt buddy FDR
SPEND SPEND SPEND 1934
Isn't this the same $hithead that wanted to *raise* taxes just one short week ago?
When one finds onself in a deepening hole, one should
STOP DIGGING.
More of the same isn’t the right answer. Too bad some are just not smart enough to realize more of the same isn’t the right answer. What’s that definition of insanity?
No, he’s a Marxist and doing precisely what is required to crash the economy. It’s his objective. He is now racing to get it done before 2012 elections. The Usurping Marxist and his band of angry commies have something up their sleeve to somehow displace the election. It’s the only explanation that makes sense of what is happening.
Onanda has lost the indie vote and is losing the young adult vote. Many of the brain dead college seniors who voted for him last time around are without doubt still looking for jobs—let alone good paying jobs. It also appears he’s also losing some of his commie base because he didn’t push us faster into the grasping arms of Marxism.
But the big deal is that everyone is being negatively impacted by his ideologically blind policies. I don’t believe even his neighborhood organizers and the unions will be able to invent enough votes to throw the election to him. Nothing he’s said since the budget bomb indicates he’s going to anything more than more of the same.
Therefore, IMHO we have a big surprise coming. It isn’t far off and it isn’t good.
He cancelled all events and is having a secret NO PRESS meeting with high efficiency FUEL FOR cars people. [As if Ethanol is not already damaging boat and lawn mower motors and he is making a zillion in seafoam stocks.] (YEAH THIS WILL HELP US NOT! HE WILL PROMOTE AND ORDER OBAMA CARS!)
THEN...HE is having a I am sure closed meeting with Turbo Tax Cheater Timmy
Tuesday Aug. 9, 2011
All Times Eastern7:00 AM
8:00 AM
9:00 AM
10:00 AM
Obama receives the presidential daily briefing.
10:35 AM
Obama meets with industry officials to discuss their fuel efficiency standards.
11:00 AM
12:00 PM
1:00 PM
2:00 PM
2:50 PM
Obama meets with Treasury Secretary Tim Geithner.
3:00 PM
4:00 PM
5:00 PM
http://www.politico.com/politico44/index.html
This lazy SOB does not ever do anything until 10AM and he is announcing early He and Timmy decided another stimulus for trillions to pay off his fat cats and new ACORN and moveon.org and fund Pelosi’s wine farm, the study of chinese hookers and drug use and field mice is needed.
Obama could ask for a zillion dollar stimulus today and get it somehow and then when we are downgraded to A- then he will ask for another Zillion infinity quadzillion trillion billion stimulus and get it. And the MSM and DNC will still say it is the tea parties fault and Obama is their black Jesus.
HIS REAL SCHEDULE
Tuesday Aug. 9, 2011
All Times Eastern7:00 AM
8:00 AM SLEEP IN
9:00 AM SLEEP IN
10:00 AM Breakfast served in bed for a king
Obama receives the presidential daily briefing.
10:35 AM YAWNS and blackberries Soro’s and the TALLY BON during meeting
Obama meets with industry officials to discuss their fuel efficiency standards.
11:00 AM TELLS THEM MAKE SURE IT IS SO EXPENSIVE NO ONE CAN AFFORD THE FUEL MADE FROM PELOSI’S BOTOX JUICE LEFTOVERS-AND- ORDERS ALL TO DRIVE OBAMA SMART CARS
12:00 PM CALLS SOME TERRORISTS TELLS THEM HE IS WAIVING HIS ATTORNEY FEE
1:00 PM HELPS MO SHOP FOR HIGH END UGLY CLOTHES FOR THEIR MARTHA’S VINEYARD TRIP MO SCREAMS AT HIM BECAUSE SHE IS SICK OF HIM GOING TO HER FAVORITE BURGER JOINT W/O HER
2:00 PM MAKES SURE HIS PRAYER RUG HAS BEEN CLEANED FOR THE RAMADAN DINNER
2:50 PM
Obama meets with Treasury Secretary Tim Geithner.
3:00 PM GOES GOLFING IN SECRET
4:00 PM “ “
5:00 PM CALLS SORO’S and TELLS HIM AMERICA SHOULD BE FINISHED SOON AND THAT THEY NEED TO INTRO THE NEW WORLD CURRENCY SOON
But wait, but wait, he can count to five with his left hoof, too!.
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