Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Famed Investor Trashes State of the Union Address: ... Whether Obama Is ‘Delusional’ Or ‘Lying’
The Blaze ^ | February 13, 2013 | Becket Adams

Posted on 02/17/2013 4:16:01 AM PST by Perseverando

Noted investor, free market advocate, and author Jim Rogers during an interview with Glenn Beck on Wednesday said that Tuesday’s State of the Union address makes you wonder whether President Barack Obama is “delusional” or just a good liar.

Our “debt is physically impossible to pay off,” Rogers said after Beck asked whether the country has passed the point of no return. “We are the largest debtor nation in the history of the world.”

“If everybody paid 100 percent of their earnings as taxes, we still couldn’t pay it off,” he added.

The famed investor then turned his attention to the president’s statement last night that our economy is getting stronger.

“Mr. Obama said last night that everything is great,” Rogers said, much to Beck’s amusement. He added: “He said that everything is great and that the middle class is on the way back and everything is fine now.”

“I mean, the man is delusional. I was really afraid when I saw that,” he continued on a more serious note. “It’s delusional. It was frightening.”

“I don’t know if he believed it or if he was just lying,” Rogers added.

“I don’t really care at this point,” Beck chimed in, “He’s either the best liar or he is completely delusional. I don’t know which it is, but it doesn’t matter.”

“There’s a whole crowd of good liars out there in Washington,” the famed investor joked.

(Excerpt) Read more at theblaze.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Government
KEYWORDS: 2013sotu; beck; debt; economy; glennbeck; jimrogers; nationaldebt; sotu
Navigation: use the links below to view more comments.
first previous 1-2021-28 last
To: bert

Bert, I honestly checked and I can’t find a resource that explains it. How does this work?


21 posted on 02/17/2013 6:25:17 AM PST by Salvavida (The restoration of the U.S.A. starts with filling the pews at every Bible-believing church.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: bert

At the risk of restating the obvious - inflation is the solution for governments and the banks and Wall Street. But it will crush the American spirit for good. It’s happening now, so slowly and unobtrusively. I wish I could see how it stops.


22 posted on 02/17/2013 6:28:48 AM PST by ReaganGeneration2
[ Post Reply | Private Reply | To 14 | View Replies]

To: Salvavida

It’s called the rule of 72.

If you make an investment that pays 7% and reinvest the earnings at that same rate in roughly 10 years the amount invested will be double.

To double your money at a specific rate divide 72 by the time and you will get the required rate. That is 72/10 years = 7.2 %

Inflation compounded works in reverse. Set the rate for say ten years and the amount owed will effectively cut in half.


23 posted on 02/17/2013 6:33:54 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
[ Post Reply | Private Reply | To 21 | View Replies]

To: usconservative

I cannot find an argument against anything you said.


24 posted on 02/17/2013 6:39:35 AM PST by Venturer
[ Post Reply | Private Reply | To 20 | View Replies]

To: Perseverando

While I am a fan of Jim Rogers, don’t forget that he co-founded the Quantum Fund with George Soros. That fund was very successful due to clear thinking and vision. But it points out that when men who lack a sound moral framework are given power via wealth, they can use that power to destroy the very society they otherwise seek to protect by sound economic principles.

Reference: http://en.wikipedia.org/wiki/Jim_Rogers


25 posted on 02/17/2013 6:41:26 AM PST by theBuckwheat
[ Post Reply | Private Reply | To 1 | View Replies]

To: Former Proud Canadian

This is kind of amazing when you think about it. If true, and I think it is, what does that make them? Enablers? Criminals? Fellow travelers?


It makes them all rich. They don’t go into politics for their patriotism.

Obama is rich from Bill Ayres writing one half-assed book about Obama’s father? I don’t think so. How did Bill Clinton get rich? How many laws has Pelosi had passed that helped make her rich.

We are run by a country filled with rich politicians, who excuse themselves from Obamacare, taxes and even excused their kids from Government college loans.

“However, when half the population draws sustenance from the federal government, “ It isn’t bad enough that half of the American population is drawing subsistence, but how many Billions are we paying to subsidise people who are here illegally?


26 posted on 02/17/2013 6:46:31 AM PST by Venturer
[ Post Reply | Private Reply | To 6 | View Replies]

To: Perseverando

Emperor Failsalot is delusional but the media trys to act like they don’t see the zit on a womans face.


27 posted on 02/17/2013 8:24:04 AM PST by Vaduz
[ Post Reply | Private Reply | To 1 | View Replies]

To: VRW Conspirator
I have to believe that a bunch of the people in Wash-DC know this.

Honestly, I don't think they do know. They are totally disconnected from the people they are supposed to represent and from what the government is doing to those people.

Take one simple example, the pending ban on incandescent lights. How did this happen? Does anyone think the net affect will be positive in the end? How can they get away with this?

I concur with the rest of your post.

28 posted on 02/17/2013 6:22:59 PM PST by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
[ Post Reply | Private Reply | To 16 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-28 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson