Obama on Recession: ‘Less Money Coming In,’ So We Had to ‘Spend Even More’

CNSNews ^

[denydenydeny]

President Barack Obama said that because less money was “coming in” during the recession, the federal government had to “spend even more.”

Ladies and gentlemen, "the smartest man ever to hold the presidency."

[Auntie Mame]

So what did the $800B shovel ready jobs get us?

It got us some nice green signs that say, "Your stimulus dollars at work." I've seen about four of these signs at the side of the road and nothing else around them. No work going on, not even a glimmer of any work EVER having happened where those signs were placed.

[PreciousLiberty]

Darn...guess Snopes has a problem with deep linking....although that image isn't too bad either. lol

At any rate, look at my second post for the right image.

[Blood of Tyrants]

Yea, whenever your family has a cut in income, the solution is to spend more! How stupid of me to cut spending.

[BobP]

Reminds me of Biden saying: “Yes you can spend your way out of bankruptcy.”

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Spot on KJC1.

Until government lives within its mean like we the people have to, nothing they do is ever going to work (1/4 of our economy is government spending). It means that all of us will have to do with less, and that includes liberty.

The President was correct in his state of the union address when he said we face is a deficit of trust. Everyday he does at least two more things to make sure that We the People have no reason to trust him.

Jackwagon Obama confessed that he'd like to 'bypass Congress and change the laws on my own.'

He told La Raza, 'Believe me, the idea of doing things on my own is very tempting. I promise you.' -- Monday, July 25, 2011

Marxist Barry has zero connection to the USA that most of us grew up in, and couldn't care less about anything constitutional.

Zer0 transparency.
Zer0 responsibility.
Zer0 accountability.

[Cobra64]

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[eyedigress]

Obama has a speech out there somewhere mocking the Republicans during the “Stimulus” days. Something like....”That’s what stimulus is, SPENDING!”

[JimmyMc]

Thanks. I never thought of that. Taking away charitable donations makes people not only more dependant on the government, but it redistributes wealth through increased taxes on the rich.
By the way, I'm not one of the rich.

[BobP]

Congressman Trent Franks (R-AZ) on the House floor addressing 'Cut, Cap, and Balance' 07/18/11:

1:35 - From the day Barack Obama walked into the White House, he has, with breathtaking arrogance, ignored economic and financial reality. It took America the first 216 years of its existence to accumulate the debt that Barack Obama has accumulated in the short 2.5 year span of his Presidency.

... He has increased our federal debt by nearly $4 trillion. Just to put that nearly $4 trillion in new debt in perspective, let me put it this way: if, all of a sudden, a wave of responsibility swept through this chamber, and we stopped all deficit spending, and began to pay installments of $1 million every day to pay down the $4 trillion... it would take us more than 10,000 years to pay it off. And that's if we didn't have to pay one dime in interest, Madame Speaker. But, you see, we are not paying down Mr. Obama's debt at $1 million per day. We are going deeper into debt ... every day, under Mr. Obama's own submitted budget and deficit projections... almost $4 billion per day.

3:30 - And then, when speaking of the effort to reduce the effort, the President has the hubris to tell conservative Republicans to take a balanced approach and 'eat our peas.' Madame Speaker, if there is anything more catastrophically out-of-balance than our federal budget, it is the arrogance-to-competency ratio of this White House. We have already tried Mr. Obama's way. We have, for far too long, been testing Democrat Economics 101, the theory that, as Vice President Biden put it, 'we have to spend money to keep from going bankrupt.'

[BobP]

Obama admits 'the whole point' of "stimulus" is gov't spending -- Thursday, Feb. 5, 2009.
Click for video: Barack Obama: This is what stimulus is!

National Review article By Byron York - February 6, 2009
Click for article: Obama: If It’s Spending, It’s Stimulus

Barry -- It's not my default!

[eyedigress]

There you go. Thank you for doing the background.

That’s your fundamental difference. Reagan would have reduced gov’t regulation. Obama increased debt and regulation.

Obama has got some nerve talking about Reagan in his ridiculous speeches.