Obama Country
As I go into my day o' no blogging I have a simple question about the economy: Does anyone know what the hell they are doing?
The President goes on talk shows to tell us he's responsible...except not really. 60 Minutes Sunday, a prime time speech next week...for God's sake, Barry...SHUT UP! All this chatter is accentuating the fact that you are in over your head. I know this is hard for you to believe, Mr. Prez, but your presence never actually solved any problem. If you go some place it may well become "Obama country" - but most of us still prefer America.
Showing up is the first thing people do at work - not the only thing.
Bernanke's dollar printing press went berserk this week. (Am I missing something here? He wants rampant inflation, right? Isn't inflation the only way to get us out of debt? - That is since we've decided not to pay it.) What, exactly, will the dollar be worth in 2 years?
Amidst this policy maelstrom, Barack Obama resorted to the comfort of Jay Leno's sofa last week. For a US President to appear on the well-known comedian's TV chat-show, at a time like this, shows the White House is now desperate.
America's economy is on a knife-edge, policy-making is out of control, and most posts in the Obama treasury team remain unfilled. Perhaps the President could sign up Mr Gono and Mr Leno? Could they really do any worse?
A 9.3 trillion dollar deficit is acoming - mostly for projects Obama down played in the election and now most people say they don't want. At least those who know about them. Meanwhile Social Security and Medicare, both programs people do want, are about to go poof!
And that Obama banking plan that is finally breaking the surface,( They were ready on day...65!) is, so far, a ponzi scheme to correct a ponzi scheme. Guess who loses this round? Another trillion clams of magic money later - All of us! Whoo Hoo!
Why the Chinese have not dumped their U.S. dollar holdings so far is beyond me. I would - if I was on their side of this mess.
The President goes on talk shows to tell us he's responsible...except not really. 60 Minutes Sunday, a prime time speech next week...for God's sake, Barry...SHUT UP! All this chatter is accentuating the fact that you are in over your head. I know this is hard for you to believe, Mr. Prez, but your presence never actually solved any problem. If you go some place it may well become "Obama country" - but most of us still prefer America.
Showing up is the first thing people do at work - not the only thing.
Bernanke's dollar printing press went berserk this week. (Am I missing something here? He wants rampant inflation, right? Isn't inflation the only way to get us out of debt? - That is since we've decided not to pay it.) What, exactly, will the dollar be worth in 2 years?
Amidst this policy maelstrom, Barack Obama resorted to the comfort of Jay Leno's sofa last week. For a US President to appear on the well-known comedian's TV chat-show, at a time like this, shows the White House is now desperate.
America's economy is on a knife-edge, policy-making is out of control, and most posts in the Obama treasury team remain unfilled. Perhaps the President could sign up Mr Gono and Mr Leno? Could they really do any worse?
A 9.3 trillion dollar deficit is acoming - mostly for projects Obama down played in the election and now most people say they don't want. At least those who know about them. Meanwhile Social Security and Medicare, both programs people do want, are about to go poof!
And that Obama banking plan that is finally breaking the surface,( They were ready on day...65!) is, so far, a ponzi scheme to correct a ponzi scheme. Guess who loses this round? Another trillion clams of magic money later - All of us! Whoo Hoo!
Why the Chinese have not dumped their U.S. dollar holdings so far is beyond me. I would - if I was on their side of this mess.
Labels: bank failure, Barack Obama, bernanke, economy, treasury department
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