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
Full title of article: "Famed Investor Trashes State of the Union Address: Makes You Wonder Whether Obama Is ‘Delusional’ Or ‘Lying’"

Video at the source.

1 posted on 02/17/2013 4:16:08 AM PST by Perseverando
[ Post Reply | Private Reply | View Replies]

To: Perseverando

Obama is a liar.

Those who believe anything he says are delusional.

It seems that is every Democrat on the Hill and half the Republicans.

Anyone who thinks we can go on like this is completely nuts, certifiable,belongs in a Looney bin.

I feel sorry for my Grandchildren, the country they inherit will not be the United States I knew.


2 posted on 02/17/2013 4:30:31 AM PST by Venturer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perseverando

“...Whether Obama Is ‘Delusional’ Or ‘Lying’”...

YES to both.


3 posted on 02/17/2013 4:39:36 AM PST by carriage_hill (AR-10s & AR-15s Are The 21st Century's Muskets. Free Men Need Not Ask Permission!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perseverando

This is a great. It’s like the little boy saying the emperor has no clothes! It’s very effective when a prominent and serious businessman speaks up and says the obvious when the media are engaged in such a massive campaign of delusions and lies on behalf of the delusional liar.


4 posted on 02/17/2013 4:41:13 AM PST by WashingtonSource
[ Post Reply | Private Reply | To 1 | View Replies]

To: Venturer

Yes, I fear for my small grandchildren and their future, also!


5 posted on 02/17/2013 4:43:57 AM PST by Perseverando (Gun control? It's really not about gun control is it? It's really about PEOPLE CONTROL!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Venturer
Your post bears reposting. I will add my comments

Obama is a liar.

Yes, he is. But, he can also be delusional. It makes the lies more believable if he believes them

Those who believe anything he says are delusional.

Yes, if you believe ANYTHING he says, you are also delusional. He can be trusted only to lie continually about everything. If you can think and have a memory beyond breakfast, you know this.

It seems that is every Democrat on the Hill and half the Republicans. Anyone who thinks we can go on like this is completely nuts, certifiable,belongs in a Looney bin.

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?

I feel sorry for my Grandchildren, the country they inherit will not be the United States I knew.

V, better move up that timeline. I don't know how old you are, but the US is not the country I knew growing up. How does the federal government get off regulating toilet gallons? Light bulb wattage? Car mileage? Land use? Education? I could go on, but you get the picture.

The problems are not unsolvable. A few western democracies are moving towards balanced budgets and smaller, less intrusive governments. It can be done. However, when half the population draws sustenance from the federal government, it is almost impossible to wean them off. It has to be done cold turkey. In this case, that will mean a lot of people will die from the cure.

6 posted on 02/17/2013 4:45:52 AM 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 2 | View Replies]

To: Perseverando

They are all delusional, treasonous, totalitarian, liars. Crony socialism, aka BIG GOVERNMENT, grows and grows and grows. It consumes more of our lives and more of our time of life. It is ever intrusive in matters spiritual, financial, psychological, social, physical, medical, industrial and economic.


7 posted on 02/17/2013 5:02:38 AM PST by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Venturer

Obama is a liar.

Those who believe anything he says are delusional.

...America is filled with idiots which allows O to be a liar and get away with it. Believing him is a combination of delusion and stupidity.


8 posted on 02/17/2013 5:08:58 AM PST by albie (`)
[ Post Reply | Private Reply | To 2 | View Replies]

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

The size of the public debt is about two years worth of total personal income.

9 posted on 02/17/2013 5:09:31 AM PST by wideminded
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perseverando

Don’t worry, be happy, you’re a passenger on the good ship Lollipop!


10 posted on 02/17/2013 5:31:49 AM PST by count-your-change (you don't have to be brilliant, not being stupid is enough)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perseverando

The failed Presidency continued with full blown rhetoric designed to obfuscate reality.

The reality is that the organizer of a totally failed urban negro community in Chicago is totally failing to reorganize the nation.

Who will bell that cat?


11 posted on 02/17/2013 5:35:14 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 1 | View Replies]

To: Perseverando

“...whether President Barack Obama is “delusional” or just a good liar. “

He is an open liar. He is evil. It isn’t complicated.


12 posted on 02/17/2013 5:45:34 AM PST by TalBlack (Evil doesn't have a day job.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wideminded
You wrote: "The size of the public debt is about two years worth of total personal income."

Perhaps so, using cash based accounting. However, using GAAP and accrual accounting to honestly recognize the present value of current liabilities, the shortfall, net current liability is estimated by various economists to be between $100 Trillion and $220 Trillion. In other words, it is hopeless.

13 posted on 02/17/2013 5:48:24 AM PST by JustTheTruth
[ Post Reply | Private Reply | To 9 | View Replies]

To: JustTheTruth

-—— it is hopeless———

No, not hopeless. You made the call using present value of income. The solution is to pay off the debt in inflated income. The compound effect of inflation at say 7% can make the present valued debt manageable in say 10 years.

Compounded Inflation will be the solution.


14 posted on 02/17/2013 5:53:26 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 13 | View Replies]

To: Perseverando

Obama is a trained liar (lawyer). rhetorical speech is a way to use lying as a form of speechifying. Whenever Obama speaks I always decide the opposite is the outcome that he wants to achieve. remember an oxymoron is a rhetorical figure usage. When Obama speaks always assume that the oxymoron is the intended usage - he means the opposite of what he says. Example Affordable Health actual means unaffordable health care.


15 posted on 02/17/2013 5:53:54 AM PST by hondact200 (Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Former Proud Canadian
when half the population draws sustenance from the federal government, it is almost impossible to wean them off. It has to be done cold turkey. In this case, that will mean a lot of people will die from the cure.

I have to believe that a bunch of the people in Wash-DC know this. The fools in Wash-DC are just going to loot the treasury for as long as they can. The real delusion for these fools is believing that they will survive the collapse and the subsequent aftermath unscathed and still fully in power.

16 posted on 02/17/2013 5:56:20 AM PST by VRW Conspirator (Sometimes it takes calamity to lead to serenity - FReeper RacerX1128)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Perseverando
Zero is not delusional. This cannot be said enough. He of course lies to help others think like him. But he has a plan to transform America into a supersized France or Italy.

Zeros words since he hit the national scene have been completely consistent with transforming the USA into a supersized euro economy. The people that believe him are the ones that are delusional.

17 posted on 02/17/2013 6:02:24 AM PST by Fzob (In matters of style, swim with the current; in matters of principle, stand like a rock. Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perseverando

Bo simply has the African tribal mentality. We can see how successful that method of rule has been. Frankly, he is not just a tyrant but he is not that intelligent.


18 posted on 02/17/2013 6:03:47 AM PST by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wideminded

But you could only do it once.


19 posted on 02/17/2013 6:06:34 AM PST by IMR 4350
[ Post Reply | Private Reply | To 9 | View Replies]

To: Venturer
It seems that is every Democrat on the Hill and half the Republicans.

No, you're wrong. Every Damn' One of 'em is a liar, period. All of 'em right up to the bozo (with apologies to Bozo the Clown) sitting in the White House ought to be taken out, tried for treason against America, and the punishment for treason executed against them.

Period. NO EXCEPTIONS. All 537 of 'em - and that's just for starters.

Before that happens though, the lamestream media is enemy #1 and ought to be treated as such!

20 posted on 02/17/2013 6:12:38 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 2 | View Replies]

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]

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