Obama: Have 'Absolute Confidence' in T-Bills

ABC News ^ | 3/14/09 | Vija Udenans

[LibWhacker]

Okay, folks, it's safe. Please put your money in the Bank of 0bama. He wouldn't take it from you. Honest.

[golfisnr1]

Not very confidence building when he says one thing and does the opposite.

[HangnJudge]

The very act of saying this shows
that the system is unstable

If he was truly confident
no statement would be necessary

[Anti-Bubba182]

Obama: Have 'Absolute Confidence' in T-Bills

THAT better be true.

[Texas Eagle]

...this the most dynamic economy in the world,"

Yeah, President Bonehead, and it wasn't massive government spending and regulations that produced that dynamic economy was it?

Idiot.

[raybbr]

"I think that not just the Chinese government, but every investor can have absolute confidence in the soundness of investments in the United States, and that it is not just in U.S.-issued Treasury notes but also in the private sector and the commerce and the industry that has made this the most dynamic economy in the world," Obama said.

Let's see if I can pull a Rush here? What he's saying is that his government will perfectly willing to take over industry and commerce in order to support the T-bills.

What do you think?

[Jim Robinson]

Sound as a dollar.

[northislander]

Treasuries will be among the safest assets for at least another year...

[TribalPrincess2U]

By golly, I think you got it.

[FrankR]

"Have 'Absolute Confidence' in T-Bills"

Does the dumbass even know what they are?

[flying Elvis]

How will this affect student loans, since the interest rates on them are tied to T-bill auctions? I’ve got about 23k I want to consolidate, but am not sure whether to pull the trigger in May, or wait until the end of summer.

[phormer phrog phlyer]

The Chinese are not stupid, they are concerned that Turbo Tax Tim and the Fed are going to monetize the currency, just like alot of us are.

[Aria]

Well I read that all HIS money is in tax free municipal bonds. Do as I say....etc.

[LibWhacker]

Exactly what I was thinking. Haven for scared money, right? Never once doubted it until that fool opened his mouth.

[verklaring]

I have absolute confidence that we are printing T-bills which have no solid basis behind them. As to a “dynamic economy” dynamic=change. unemployment is dynamic so is bankruptcy. Positive dynamics do not come from the government taking over business. Barney Frank does not know how to run mortgages and Nancy Pelosi does not know how to run the auto industry.

[depressed in 06]

First, where were the tele-prompters?
Second, was it an even or odd hour?
OK, he will have said two different things, both wrong.

If the market were open today, I think we would have seen a 400 point drop.

[LibWhacker]

Or wipe out the wealth of millions of people with a stroke of a pen, and dole it out to millions of his “needy” supporters. Yikes! This man really scares me.

[Paleo Conservative]

We’ll have fun, fun, fun, till Obama takes our T-Bills away.

[KarlInOhio]

We'll print up as many billion dollar bills as necessary to pay off those t-bills.