Posted on 11/18/2009 8:23:19 AM PST by AngelesCrestHighway
The United States' climbing national debt could drag the country into a "double-dip recession," President Obama warned in an interview with Fox News Wednesday from China, though he said he's still considering additional tax incentives for businesses to reverse the rising unemployment rate. The president, who is in Beijing as part of his tour through several Asian countries to address economic challenges, spoke candidly about the precarious balancing act his administration is trying to perform. He wants to spend money to kick-start the economy, but at the same time is in danger of creating too much red ink.
(Excerpt) Read more at foxnews.com ...
It occurred to me that this is why so many of our jobs have gone to China. Because, China is backing our debt, so we need to make sure that China has all the money we can, to keep the US afloat.
I guess that’s his way of saying that the meeting with the red chinese didn’t go all that well.
Is he kidding?
More important - Are Americans listening?
“danger of creating too much red ink.?”
Danger????.....Would someone tell the idiot that train left the station a few trillion dollars ago?
“I quadrupled the deficit before I cut it in half.”
They’re running scared. They wouldn’t even use the phrase “double dip recession” if the economy wasn’t a helluva lot worse off than what they’re saying.
You know, we just keep hearing the same old, same old from President Crapshoveler over and over and over. Lies, lies and more lies. He makes Bubba Clinton look like an altar boy. It really does get to be too much some days.
My optimism level is very low this morning.
There is no double dip to it. Obamao and his goofy goons of blundernomics have created a downhill slide they can’t control.
He is setting us up for the largest tax increases in history.
He will cause the rich to be poor and the poor to be happy.
It’s ridiculous! Every time he opens his pie hole...it gets more bizarre....
This is just prepping the country for more blame of Bush. “Because of Bush’s failed economy, we needed to do the stimulus, which caused us to add greatly to the debt, which will in turn cause the second dip of the recession, so its all Bush’s fault if the recession lasts years longer”
bump!
The danger this man confronts America with is unbelievable....
But yeah, Barry, you keep plugging away at that $3 trillion dollar ObamaCare and the economic damage Cap and Tax will have.
Moronic Idiot.
It’s all enough to turn tea parties into torch and pitchfork reform....
There are two sides to the deficit/ debt equation. Trouble is, Commie Libs like Zer0 want to
RAISE TAXES,
not
CUT SPENDING
to make their phony “effort” to fix the problem.
Notice the height of the honor guards.
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