Obama Confirms Leadership Failure, Pulls Out Mother Of All Mutual Assured Nukes: "Raise Debt Ceiling Or Risk Global Recession"

Tyler Durden's picture

And people made fun of Hank Paulson for threatening with eternal damnation if congress didn't stamp his multi-trillion blank check to bail out his former co-workers from Goldman. In a step that makes the Kashkari-Paulson threat seem like amateur hour, the teleprompter just received its latest high frequency directive from the Wall Street superiors, promptly delivering the latest MAD message to what continues to be perceived as an idiot audience: "Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis. Obama urged swift action, saying he doesn't want the United States to get close to a deadline that would destabilize financial markets. He said he was confident Congress ultimately would raise the limit. "We always have. We will do it again," said Obama, who voted against raising the debt limit as a freshman senator from Illinois."

For those keeping score of the President's numerous accolades, this merely underscores that the president is now in contention for the Nobel Prize in hypocrisy: after all compare this statement to Obama's now supremely ironic remark from March 20, 2006: "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better." They sure do. And in order to replace the current failed leadership, they will gladly start with a new president.

From AP:

"I'm the person who is best prepared for us to finish the job so that we're on track to succeed in the 21st century," Obama said. That's the heart of his argument for voters to give him a second term over more than a half dozen Republicans seeking the White House.

As the 2012 campaign gets under way, it's being shaped by a deep disagreement over federal spending in Washington between Republicans who control the House and Democrats in power in the Senate and White House. Obama and Republicans compromised a week ago on a spending bill to avert a government shutdown, a preview of the debate that's certain to dominate the coming months on deficits and the ceiling on money the nation can borrow.

The president said that he doesn't expect either side to get everything it wants in negotiations and that he's pushing for "a smart compromise that's serious."

He warned of dire consequences if the debt ceiling is not raised before it hits its limit of $14.3 trillion; the administration says the latest Congress could possibly act is by early July. But Obama said some longer-term questions about where the government trims its operations will have to be left until after the 2012 presidential election.

"I'm confident that the withdrawal will be significant," he said. "People will say this is a real process of transition, this is not just a token gesture."

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NOTW777's picture

cant we stay in this blissful current slave state

"back???" into recession?

oh_bama's picture

Obama is right!!

  • RAiSE it TO 1 QUADRILLION dollars so we don't have to worry about it for a while!!
  • Be patriotic and RAISE THE DEBT you CLOWNS!
  • IF YOU DON'T RAISE IT CHAIRMAN BEN's efforts would be WASTED!!
  • JUST DO IT!!
Paul Bogdanich's picture

And why do we care what the bank shill in chief has to say?  Nothing is possible so long as he holds office and the banksters will get him his billion to make it another 4.

Obummer's picture

Ladies and gentlemen, fellow Americans, good people of the world. I bring to you today an important message, a message vital to the security and safety of our great nation. For even as I speak there are forces gathering around us. These forces gather like storm clouds on the horizon, ready to strike into the heart of our civilization. These forces seek to undermine our government. They seek to destroy our way of life. They seek to compromise our interests overseas. They seek to crash our economy. These forces do not want us to win the future.

The forces of which I speak know no master. They know no borders. They do not obey our rules. Yet they are here in our midst, lurking beneath the surface of society, waiting for the right moment to erupt from their lairs and wreak their horrible havoc. Their time is close. We must be ready.

Folks, let me be clear, this will not happen as long as I am President. I promise you that.

There are those who say that these forces do not present a danger to us, to our freedoms. But we have seen the damage for ourselves. Good Americans have already fallen prey to their manipulations. Those who downplay this danger are in fact complicit to it. This is not right.  This is not the America I love. Rest assured that over the next several weeks my administration will put forward a twenty-two step plan to fight this new threat.  We will be successful in this fight. We will win the future.

Thank you, good night, and God bless America.

Spastica Rex's picture

O.K., it was funny the first five times.

That Peak Oil Guy's picture

He's as relentless at the teleprompter as the real one.

TPOG

Michael's picture

Federal budget cuts = laid off government employees and ancillary jobs = lost Democrat votes in the next election. Get it strait you morons. 

Harlequin001's picture

'He said he was confident Congress ultimately would raise the limit. "We always have. We will do it again," said Obama,'

Does this need any further comment?

Michael's picture

Barack H. Obama is like a cancer in our country, Dr. Ron Paul is like a cure for that cancer. Be on the lookout for MSM reporters, who are virtually all card carrying members of the Council on Foreign Relations, who will try to disparage Ron Paul for the globalist agenda now that Ron Paul has filed his paperwork for his Presidential exploratory prospects. We have seen their play book before. Now go get them.

Harlequin001's picture

if all you do is raise it each time you reach it, what's the point in having it?

Why not just ban the debt ceiling?

takinthehighway's picture

When it's not your money, it's not a limit, but a target...

Harlequin001's picture

a point you have to pass, to get to bigger things...

Yen Cross's picture

That was/is/will-be/ funny for ever. GOOD Work SARC?OFFF

Bananamerican's picture

aw, let the man post his funny...

1st time i've seen it, heh

The Profit Prophet's picture

Nice incorporation of the "let me be clear" feedback from an earlier post...it puts the icing on the cake.

T.E.I.N. everyone!

Al Gorerhythm's picture

Amazing! You have an identical twin brother who posted just above you! Interchangeable avatars! In a "Line-up", I'd be hard pressed to differentiate between one dopey looking fucker and the other.

Cindy_Dies_In_The_End's picture

Obummer, I love you. LOL Keep up the awesome speeches. Hilarious!

Problem Is's picture

2012 Presidential Ballot

[  ]  Barry Obummer

[X] Other

r101958's picture

But then we would be back debating the debt ceiling again in 2015.

rocker's picture

How Much did the Kashkari/Paulson bailout raise the debt ceiling. Oh, I forgot, like the war, it was off the books.

And....

Thank You ZH or being one of the very rare sites to know that Neel Kashkari was also one of the engineers.

Dr. Porkchop's picture

Raise the ceiling or I'll raze the roof!

Raise the ceiling or I'll shoot a kitten every hour of every day!

Cindy_Dies_In_The_End's picture

okay, raise it to the sky. No shooting kittens, please.

Xibalba's picture

Obamanos!  I'm leavin for Canada!

TruthInSunshine's picture

Republicraps or Demublicans...

...False left-right paradaigm....

...Kabuki Theater and 3 Shell/Thimblerig.

 

All designed to give Americans the impression they have a choice.

They don't.

Deep Capture of your alleged elected representatives has been accomplished by soul-less corporate interests, where every human on the planet is a mark, and none have inherent or inalienable rights from God. We are just tissue and DNA to them, and there for experimentation of economic, social, political and psychological means.

And we are tools and instruments to further deepen the trench between the haves and have nots, to be used and discarded.

This is what civilization looks like when power in all its forms takes over and wealth is the new god and control is the new religion.

ebworthen's picture

 

Dear Friend, do you not understand the magnificancne that is the U.S.A.?

Give up all your positions to the FED and the Dimons and Blankfeins and Holy Bansksters and their Legislative Accolytes; it is the only way for you to truly be free.

When you know the love of the Tnemnrevog; you may spread it with us in the airports and the shopping malls, and with your family and friends.

War is peace, servitude is wealth, toil is liberty, obedience is freedom.

 

Blankman's picture

Tnemnrevog - you got me on that one.  I googled it looked at it, then my dyslexia kicked in and all became clear :)

Zero Govt's picture

is Obumma past his 'honeymoon period' yet so that i can call him a lying fuking scumbag like every other politician in human history?!!!

TD it's no good going through everything Obumma once stood for, including all his campaign promises now lying broken on the floor. This snake bankster puppet has and will shed every skin that means anything and undermine every word in the English language before he's through. Snake oil's not only Obummas game, it's been played as a religion b everyone in DC for 200 bloody years.

Where's the surprise in this? Were we born yesterday that we forget we've been lied to by every politician and every Govt in our lives. That we've always given some new fresh faced 'Great White Hope' a chance and always been pissed on without fail. 

We thought Bush was shit (he was). We thought nobody could be worse but Obumma has taken shit to a whole new level. What does it take to wake up around here the Govt system is broke and rotten at the core???

Govt is the toilet of society and politicians are its turds. Flush Govt and the crap down the drain once and for all, where it came from and where it belongs. I for one have had enough of this stinking system in my lifetime already

buzzard's picture

I keep foolishly wondering how long it will be before those so focused on smaller government begin to realize that any government is too large. I know, I should just stop worrying and love the bomb... I mean vote the bums out... er form a third party... Nahh, I just can't do it.

FreedomGuy's picture

Never give stupid people power over yourself.

Hephasteus's picture

My spirit guides want me to flag this as junk. But they are fucking stupid and what do they know. LOL

Freddie's picture

The Bush years were heaven compared to this shit.  Even idiot McCain would have been nirvana.

Antarctico's picture

Even idiot McCain would have been nirvana.

I don't think so. Outside of swapping left wedge issues for right wedge issues, the end results would be the same: continuation of W's neo-con foreign policy, contiuation of W's internal police state expansion, continued regulatory capture by the banking criminal class. The substantive difference of electing Obama over McCain was putting our first black president in office. This one thing by itself is a big deal in helping to pull the race monkey off our collective American backs.  If nothing else, every black parent can now tell their son or daughter that they can one day grow up to be president, meaning they can rise to the highest heights of our society, and not have it be some sick, cosmic joke.

Zardinuk's picture

Yay! What a pile of horse shit. Remember that talk about hatchets and scalpels? I was hoping someone would have brought out the battle axe but would have settled for hatchets, it eems Obama is using the scalpel for other purposes closer to breast and butt implants.

IMA5U's picture

too bad what the first black president is really good at is...

 

...stealing...