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 ...
I am really starting to wonder if odumbo has all his faculties.
“He’s amazingly flexible about saying whatever he thinks people want to hear at a given time.”
Because he’s playing us.
One day people will wake up with nothing and wonder why.
This current *crisis* is nothing more than a test run to see how far they (being the global ruling oligarchy) can push us.
Funny. I got a grin. Sad but true.
Ten months in to his admin. and the bamster has discovered what too much debt could do ,,,, his learning curve is going to ruin us . ...........and they said Sarah lacked experience ,,,, HA !!!!
You and I both, I woke up to this and thought when I saw FOX News bravo, then I read further and I thought this prez is just so out of touch, I mean it is his actions that continue to keep this country jobless and the economy in the tank.
Think about this, americans are reducing their credit card debt, saving their pennies and Obama is continue to spend.
Still there is Afghanistan that he cannot decide on.
Obamalamadingdong told us all exactly what he was going to do if he became POTUS. Unfortunately, not enough people were listening.
One of those things he said he would do is change the image of the USA around the world. Boy howdy I'll tell 'ya, he's sure done that one!
China’s not too happy that our dollar is plummeting in value because they are holding billions of them. The value is decreasing in direct proportion to the stock market rise. Raising interest rates would strengthen the dollar, but would also sink the market cost add hundreds of billions more in debt service.
The stock market is the bubble now and it’s being artificially propped up with all the bail out money.
Oh, I think you are so right, just yesterday the news was taxpayers will have to send back, not receive enough because this administration screwed up, damn these folks can’t post stimulus info, they can’t deal with the swine flu and now double dip possible.....
I sit in disbelief.
Exactly right.
Well, I say yes, but it seems if anyone questions Obama it turns into race.
I saw a poll this morning whites 48% or so are turning against Obama, bet this will become a race issue because it is about not liking Obama.
But, when blacks vote for Obama it is about the how wonderful the minority gets out to vote ....
Frankly it shouldn’t be about either race but it seems Obama is tanking big time, he is now today under 50%.
Geez Louise! This dolt purposely creates the mess and then comes out to declare the mess will be worse than earlier predicted. A few comments come to mind for our so-called friends in the LSM on his sudden revelation;
NO SHIITE SHERLOCK!
Well isn’t he just Captain Obvious!
Maybe Hu in Whoville passed him a note at the “Dialogue” town hall meeting.
Bravo, excellent post thank you for adding it to the thread!!
~FMC
I fear that may be part of his excuse as well, I have avoided sharing that concern with my beloved who is most concerned about this decision and anxiously awaits what Obama decides. As a wife who deals with military spouses, this is their biggest concern, when will we known, it is getting down right disrespectful not just to the troops but to the families.
All of a sudden this nincompoop is an economic sage
“- President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits,”
That’s RICH coming from YOU, you thieving, bankrupting POS!!!!
Huh? Is he serious?
They have already floated ever so quietly a second Billion/ million dollar stimulus. This is what this is all about. ANOTHER STIMULUS! AKA slush fund Obama’s ACORN and campaign donations.
Boy do they think we are dumb! For the past several days, the new mantra is “we must pass a job stimulus bill by the end of the year.” Bill Press was on Fox & Friends and it was, “the unemployment is at 10.2%, we must pass a “job stimulus” bill. Renaming it, of course, makes it better.
“It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said.
He actually just sent out the warning signal. He is in China right? China drew a line in the sand.
The double dip is about to hit just before Christmas.
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.