Posted on 09/26/2011 5:30:09 PM PDT by Justaham
Obama said the U.S. recovery suffered setbacks this year due to problems around the world, including the Arab Spring uprisings that drove up energy prices and worries about the financial health of European countries.
"They have not fully healed from the crisis back in 2007 and never fully dealt with all the challenges that their banking system faced. It is now being compounded with what is happening in Greece," Obama told an audience of about 400 in Mountain View in California's Silicon Valley.
"So they are going through a financial crisis that is scaring the world and they are trying to take responsible actions but those actions haven't been quite as quick as they need to be," Obama said.
(Excerpt) Read more at reuters.com ...
Oh, yeah? Then how come you and your tame, left-wing media supported the Arab Spring in every way possible?
Yes, you.
So Obama is calling this Campaign trip a US jobs tour to disguise the fact that it is a campaign tour . That way the DNC won’t have to pay for the Air Force One campaign trip.
Well he has the Media in his pocket and free campaign trips and rhetoric and he is building a campaign fund of a Billion dollars-—it aint going to be enough Dudley, you are leaving in early 2013, Pack your frigging bags.
There must be a name for a mental condition of someone who does nothing but screw up yet they they believe the rest of the world is to blame?
There is, now: Barack Hussein Obama
Seriously, the signs you mention are typical of Paranoid Personality Disorder, Narcissistic P. D., Fixed Delusional Psychosis, etc...
I think Obama is Narcissistic, and the rest of oddities stem from that, and being a Marxist.
Jobs tour? He’s on a fundraising tour, Reuters!!
Obama is a sock puppet and the Fed is the hand moving the sock puppets’ lips.
Is this man-child really pretending that the US banks have Dealt with their own insolvency since 2007????? Ha ha ha ha!!!
What a joke!
The fall of the big banks in Europe would bring down the big banks in the USA... And the One and Timmy G are clearly not about to let that happen - YET.
First, they will try QE to infinity... $100 bills out of helicopters time!
Obama is saying that Europe isn’t being responsible with fiscal policy,,, like he presumably is.
Ok,,it’s official, he’s certifiably insane.
Barry the Imposter took Air Force One & support planes & The Beast for a talk in front of 400 people???????
What a carbon footprict that caused & Barry the Imposter has the nerve to tell us how to use our energy supplies????
What a HYPOCRITE!!!!!
The subprime mortgage collapse of 2007 created ripple effect throughout the global economy. When the Obama Regime failed to stabilize the U.S. economy, the European economic system began slipping into recession. The disastrous application of Keynesian economic policy crossed the line of criminality when it was common knowledge that Keynesian economics was a unproven theory and has failed every time it has been tried. The Obama Regime is completely at fault for implementing this flawed policy, and now it is causing world-wide effects. And to make things even more despicable, the same world-wide economic effects happened when the same flawed economic policy was applied by FDR. It was FDR who destroyed the lives of millions of people with the effects of his ignorant application of Keynesian economic policy. The story of his tinkering with the economy while at the same time scapegoating the rich is a shameful episode in our history. For a good read, this article by Stephen Horowitz, Great Apprehensions, Prolonged Depression: Gauti Eggertsson on the 1930s describes the history, starting with Hoover:
http://econjwatch.org/articles/great-apprehensions-prolonged-depression-gauti-eggertsson-on-the-1930s
(click on the PDF for the full article)
The failure of Keynesian economics has been argued in Friedrich Hayek's article, Reflections on the Pure Theory of Money of Mr. J.M. Keynes, Economica, 11, S. 270-95 (1931) and his book, The Fatal Conceit: The Errors of Socialism. Any economist worth their salt would have studied Hayek's writings (they are extensive) and would never have ventured in the disastrous policies we are watching today.
In my own opinion, the Obama Regime is well aware of the flawed economic policy they are employing. They know it is a poison pill to induce economic disaster which not only ruins national treasuries, but also breaks the capitalist system upon which those treasuries depend. The question that I have not been able to find the answer is why is the Obama Regime trying to destroy the economies of the West? I can only speculate that Obama is trying to level the playing field between the advanced nations and the third world nations.
The buck never stops with him, does it.
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