Posted on 11/18/2009 5:04:11 AM PST by Former Military Chick
BEIJING (Reuters) - 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.
(Excerpt) Read more at reuters.com ...
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It's like someone gave 0Dumbo a book on economics and every couple of days he gets to a new chapter and has a new revelation. He's getting his econ OJT playing with our economy. I guess his extensive experience as a "community organizer" didn't prepare him.
Now he's finally figuring out that YOU DON't RAISE TAXES IN A RECESSION (DEPRESSION)! What a moron!
I think Oboma may be retarded. He's spending like a whore after a DNC convention, and at the same time warning other people about it. China must think the entire U.S. is retarded for voting for him.
What an embarrassment.
Did he think of that all on his OWN, or has he actually been listening to someone with a quarter of a brain?
the man’s a geniousss/
Wish I were that eloquent.
I was quoting President Reagan. :)
WE HAVE A WINNAH!
Anybody earning more than $150,000 a year will see the bush tax rates sunset. The $250,000 is baloney. O is a liar.
Pot. Kettle. Am I allowed to say this?... Black.
It won't, but the way they keep the cost 'down' is to increase taxes and decrease services. Smoke and mirrors.
Fixed it--the last part of the sentence is superfluous.
You are absolutely correct!!!! Obamacare and all Obama’s agenda needs to be thrown out of the window. Tax cuts for small business immediately, let GM & Chrysler sink. Get all the TARP money back and let the big banks sink or swim on their own. Fear not, folks credit unions and small banks can do the job, they have been. Drill for oil wherever it is in the USA, build nuclear power plants across the USA and use coal as the main energy source to generate electricity. Stop all bailouts and funding to political groups like ACORN who do nothing to grow the economy at all. POTUS Obama better wake up quickly. As his trip out to the PRC clearly shows, the USA is taking a second place to both the PRC (China) and India!!! Boy, we really tied an anchor around the USA economy neck by electing Obama, the community organizer as POTUS, along with his braindead Democrat Party. Poor soul does not have a clue!!!
I suspect that the fact that 0bama even brought this up is because the economists have told him it IS going to happen. It is probably already underway.
He's saying it now, so he can distance himself as the REAL cause, and to soften the political impact.
Keep in mind that he will have the msm lying for him every step of the way.
Problem for him and them is that people know very well there are no jobs.
He can spin the numbers, spin the green shoots, etc. but the fact remains. NO JOBS
You are forgetting that they are stupid enough to think they healthcare will lower the debt.
Because any sane person knows when you give millions of people millions of dollars in free insurance... you save money... /sarc
You can bet money that if Zero says Double dip Recession he MEANS a Depression.
There is NO way he will stop the HCR econ destroyer.As a Narcissist he will never ADMIT that HIS plan is a MISTAKE.
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