Obama Bankrupts America

[bedub1]

I always knew he wanted to destroy America. I never thought he'd do it within the system by bankrupting the nation. The guy's smart. I bet he stole the idea from the idiots in California. I know they did it to their state through their own stupidity, but I'm sure Obama is doing it through his brilliant intelligence. He saw a perfect model on how to destroy the nation, and jumped right at it.

http://online.wsj.com/article/BT-CO-200 ... 10997.html

In the first nine months of fiscal 2008, George Walker Bush & the government spent $285.85 billion more than it took in.
In the first nine months of fiscal 2009, Barack Hussein Obama & the government spent $1.086 trillion more than it took in.

Walker Bush set a record for doubling the nation debt from about 5 trillion to about 10 trillion. It took him 8 years to do this.
Hussein Obama is going to obliterate that record, and bankrupt the nation. Time to sell US dollars and buy gold.

[2dimes]

This time gold might not be the answer.

They will fling their silver into the streets and their gold will become an abhorrent thing; their silver and their gold will not be able to deliver them in the day of the wrath of the LORD. They cannot satisfy their appetite nor can they fill their stomachs, for their iniquity has become an occasion of stumbling.

[thegreekdog]

Apart from my issue with the spending (by far my biggest issue with all this pork-barrel nonsense), is the complete lack of attention this gets from the media and potential voters. No one seems to really care about a balanced budget now that President Obama is in office. During President Bush's tenure, people were all over him for his reckless spending (and rightfully so). Now, we here nary a word from MSNBC and the like. When President Bush was overspending I heard nothing except "Where are his Republican values" and "What an idiot," etc., etc. I don't hear that right now. It's bothersome. Not as bothersome as the spending itself, but bothersome nonetheless.

[SprCobra]

AND NOW I SHALL WAVE MY INSTANT STABLE ECENOMY IN A GLOBAL RECESSION STICK.

To the above, it gets plenty attention from people who don't seem to realise everyone is losing money and fixing a crashing global economy takes more than 2 months and is a gueling job. Most others don't give it attention because it's an obvious result of what's happening today. You will always have some twit who owned football clubs and oil companinies and bankrupted them and got bailed out by Daddy's friends to look back to if things actually get bad though. And probably because you've got a civil liberties and habeus corpus problem to take care of first, but you never hear that either do you?

[InkL0sed]

Apart from my issue with the spending (by far my biggest issue with all this pork-barrel nonsense), is the complete lack of attention this gets from the media and potential voters. No one seems to really care about a balanced budget now that President Obama is in office. During President Bush's tenure, people were all over him for his reckless spending (and rightfully so). Now, we here nary a word from MSNBC and the like. When President Bush was overspending I heard nothing except "Where are his Republican values" and "What an idiot," etc., etc. I don't hear that right now. It's bothersome. Not as bothersome as the spending itself, but bothersome nonetheless.

Hypocrisy is all that counts. Obama never claimed to be a fiscal conservative.

[thegreekdog]

Apart from my issue with the spending (by far my biggest issue with all this pork-barrel nonsense), is the complete lack of attention this gets from the media and potential voters. No one seems to really care about a balanced budget now that President Obama is in office. During President Bush's tenure, people were all over him for his reckless spending (and rightfully so). Now, we here nary a word from MSNBC and the like. When President Bush was overspending I heard nothing except "Where are his Republican values" and "What an idiot," etc., etc. I don't hear that right now. It's bothersome. Not as bothersome as the spending itself, but bothersome nonetheless.

Hypocrisy is all that counts. Obama never claimed to be a fiscal conservative.

No, but his supporters attacked President Bush for spending. Are they criticizing President Obama for spending? That question is my point.

[bedub1]

Just add this stupid healthcare shit to the list of stuff Obama is messing up on his way to bankrupting the US.

[WARZONE123]

Is it really a wonder that the United States of America is going bankrupt? Really are you that surprised? Syndicracy is running rampant in the United States and the only people who have a say continue on as sheep. Sheep being fleeced. Time in. TIme out. Punch your time card. Consume mindless media and be reassured that you have the biggest meanest army in the world because that is what will keep the American economy afloat. Conflict. American foreign policy has slapped too many countries around, allies and enemies, through economics and war. The American image is at an all time low on the world stage... It really is a crying shame. The milk is spilled. You think times are tough now wait until China is knocking on the door of the White House strong arming for its money back.... All this because of special interest groups and corporatecracy... All the Presidents have steadily been bankrupting the USA... Obama just has the misfortune of having to clean up the mess and through consequence follows in the foot steps of his predecessors. All western countries should take note... the downward spiral has begun.

[Titanic]

Your blaming Obama for the US public debt? Try looking at Reagon, Bush Sr and Bush Jr before you start your hypocritical crap. Btw, if you looked at history you'll realise that a democrat spending big to help reduce the deficit that previous republicans created actually helps in the long run.

[bedub1]

Your blaming Obama for the US public debt? Try looking at Reagon, Bush Sr and Bush Jr before you start your hypocritical crap. Btw, if you looked at history you'll realise that a democrat spending big to help reduce the deficit that previous republicans created actually helps in the long run.

Yes, I've heard the "spend your way out of bankruptcy" argument before. Why don't you try it with your own finances, and prove that it works. I blame all the previous presidents for the 11trillion obama was faced with when he took office. When he doubles or tripples it to 20 or 30 trillion in the next 4 years...then I will blame him for the vast majority of it....

[Timminz]

I always knew he wanted to destroy America.

What a stupid thing to say.

[MeDeFe]

This time gold might not be the answer.

They will fling their silver into the streets and their gold will become an abhorrent thing; their silver and their gold will not be able to deliver them in the day of the wrath of the LORD. They cannot satisfy their appetite nor can they fill their stomachs, for their iniquity has become an occasion of stumbling.

No worries, there's a solution.

[Titanic]

Your blaming Obama for the US public debt? Try looking at Reagon, Bush Sr and Bush Jr before you start your hypocritical crap. Btw, if you looked at history you'll realise that a democrat spending big to help reduce the deficit that previous republicans created actually helps in the long run.

Yes, I've heard the "spend your way out of bankruptcy" argument before. Why don't you try it with your own finances, and prove that it works. I blame all the previous presidents for the 11trillion obama was faced with when he took office. When he doubles or tripples it to 20 or 30 trillion in the next 4 years...then I will blame him for the vast majority of it....

Its not spending your way out of bankruptcy, thats trivialising the detail. The money spent actually sorts out what is wrong in the budget to reduce escalating costs and remove unnecessary costs (what Clinton did in his first term very successfully). It wont ork with m personal finances because my money I spend is nothing like a federal budget or national economy, the comparison is totally irrelevant. Doubling or tripling it in 4 years, how about some logic and rationality?

[joecoolfrog]

Your blaming Obama for the US public debt? Try looking at Reagon, Bush Sr and Bush Jr before you start your hypocritical crap. Btw, if you looked at history you'll realise that a democrat spending big to help reduce the deficit that previous republicans created actually helps in the long run.

Yes, I've heard the "spend your way out of bankruptcy" argument before. Why don't you try it with your own finances, and prove that it works. I blame all the previous presidents for the 11trillion obama was faced with when he took office. When he doubles or tripples it to 20 or 30 trillion in the next 4 years...then I will blame him for the vast majority of it....

If you had an ounce of sense you would realise that every major European country is indeed following the same path as Obama, what is really bankrupting the USA in fact is a devotion to ignorance and partisan politics, you are a shining example of this.

[AAFitz]

Obama isnt going out and spending money.. much of the money was already spent, and was not his responsibility. Hes bailing out auto companies, one of which crushed their fully functional electric car, and convinced to build bigger gas guzzlers through a series of tax laws and environmental laws...all thanks to your buddy bush...whos buddies made out quite well by this...as they turned record profits...got paid to pretend to look for alternatives, and will never pay the taxes on those billions that they fleeced.

So yes... obama is paying for that... but it wasnt his mistake.

Obama is paying for the banks that are failing left and right, and threatening a global financial meltdown that could easily lead to the final world war....hes been there 6 months... Im gonna guess the banks failing was someone elses fault.

Hes spending money on those who lost their jobs in the financial meltdown...mostly, so they dont stop paying for their homes and autos, and then, create more of a meltdown.

Hes spending money on bridges, roads and other construction projects, so that one, workers can work, and two...so when we cross a bridge, we dont fall into the river below it. Perhaps he shouldnt take the chance, and should just put up detour signs, which are much cheaper...but I doubt this is going to help the economy too much.

Now, without a doubt money is being wasted. It always is, and always will be. But to throw out the total as some kind of spending spree at the mall, and blame him for the whole thing, and compare it to bush, who spent the money for much different things...and arguably not in our best interest...is a nice try....but dont think everyone is going to buy it.

The one problem I see, is that motivation may be affected by this. This country works hard, puts in a lot of hours, and always has, but if too many start to get a free ride, it obviously will not motivate those who kill themselves, just to support those who do not want to. At the same time, if there arent any jobs out there, its irrelevant if people want to work or not.

[thegreekdog]

Hes bailing out auto companies, one of which crushed their fully functional electric car, and convinced to build bigger gas guzzlers through a series of tax laws and environmental laws...all thanks to your buddy bush...whos buddies made out quite well by this...as they turned record profits...got paid to pretend to look for alternatives, and will never pay the taxes on those billions that they fleeced.

I don't think the construction of gas guzzlers was due to President Bush, so much as the demand for "gas guzzlers" by the American people. I'm unaware of any tax credit or environmental law that encourages the manufacture of gas guzzlers, so I think you're pretty much wrong here. Maybe you wanted to say that the lack of tax credits and environmental laws prohibiting gas guzzlers was the cause of this. Even that is incorrect, because American car companies lost money because of factors other than when they had an electric car or not. I think you need to read some more maybe.

So yes... obama is paying for that... but it wasnt his mistake.

President Obama pays for nothing, you do through taxes. That's the first thing. But, you're right, it wasn't his mistake. It wasn't my mistake either, but I'm paying for it. It wasn't your mistake, but you're paying for it. We're all paying for something that wasn't our fault, it was the companies' respective faults. Therefore, they should be paying for it. At least, that's my view on the subject.

The same stuff above goes for your points on the banks. In any event, we will see if this sort of spending helps the economy and the country in general. I still think it's too early to say it's working or not working or a mistake.

[Snorri1234]

Hes bailing out auto companies, one of which crushed their fully functional electric car, and convinced to build bigger gas guzzlers through a series of tax laws and environmental laws...all thanks to your buddy bush...whos buddies made out quite well by this...as they turned record profits...got paid to pretend to look for alternatives, and will never pay the taxes on those billions that they fleeced.

I don't think the construction of gas guzzlers was due to President Bush, so much as the demand for "gas guzzlers" by the American people.

That's ridiculous as well. They built gas guzzlers when there was no demand.

[GabonX]

Have you ever been to America Snorri?

[Snorri1234]

Have you ever been to America Snorri?

Yes.