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Obama Confirms Leadership Failure, Pulls Out Mother Of All Mutual Assured Nukes: "Raise Debt Ceiling Or Risk Global Recession"
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.
"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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cant we stay in this blissful current slave state
"back???" into recession?
Obama is right!!
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.
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.
O.K., it was funny the first five times.
He's as relentless at the teleprompter as the real one.
TPOG
Federal budget cuts = laid off government employees and ancillary jobs = lost Democrat votes in the next election. Get it strait you morons.
'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?
Directive 10-289.
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.
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?
When it's not your money, it's not a limit, but a target...
a point you have to pass, to get to bigger things...
That was/is/will-be/ funny for ever. GOOD Work SARC?OFFF
aw, let the man post his funny...
1st time i've seen it, heh
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!
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.
Obummer, I love you. LOL Keep up the awesome speeches. Hilarious!
2012 Presidential Ballot
[ ] Barry Obummer
[X] Other
[x] None of the Above
[x] Tyler Durden
[X] Paul Ryan
[X] Willie Nelson
[X] Zombie Teddy Roosevelt
XXX blythe!
[x] Stu Redman
[X] Hugh Romney
But then we would be back debating the debt ceiling again in 2015.
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.
Raise the ceiling or I'll raze the roof!
Raise the ceiling or I'll shoot a kitten every hour of every day!
okay, raise it to the sky. No shooting kittens, please.
Obamanos! I'm leavin for Canada!
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.
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.
Tnemnrevog - you got me on that one. I googled it looked at it, then my dyslexia kicked in and all became clear :)
yep
what an Obamination!
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
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.
LOL!
Never give stupid people power over yourself.
My spirit guides want me to flag this as junk. But they are fucking stupid and what do they know. LOL
http://c4ss.org/
The Bush years were heaven compared to this shit. 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.
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.
too bad what the first black president is really good at is...
...stealing...
what an Obamination!
The Obamanable snow job.
Obama Administration Unveils Internet ID Plan
http://www.foxnews.com/scitech/2011/04/15/obama-administration-unveils-i...
Somebody watches Fox news. Now that's a hoot. That makes you a Hooter.
i could not find any other channel that was Obama clear. Go figure. Soon we will have 24/7 Obama Shows, with the greatest speeches. I am investing in Teleprompters.
somebody is a progressive neophyte, that makes you obnoxious.
Failure of leadership doesn't even begin to describe this absurd charade.
I wish it was an absurd charade......... it's a nightmare. A Communist Muslim without even a green card has taken the Executive Branch and a Jew turned Nazi controls him and the MSM. Not a charade a all. Sad. Very sad.
What does that say about Americans? How many times can one sell the Brooklyn bridge?
For as long as there are buyers?
damned straight! fraud is fraud and fraudsRus, US! the Oracle is wonderful, as usual, but is too (innocent?) (polite?) (smart?) to understand tranches. or, unlike slewie, too honest to pretend she does...
how'z my fraud, here? lol!
i am, we all, are accessories to this current events of horrors, against the people of this world and earth, which has been under written by our (wish i could say not mine) corporations and government. we are accessories to all of this, by being a us american citizen.
I am responsible for myself and my actions.
I have no guilt for actions done in my country's name without my consent.
I also have the right as a citizen of the USA to throw the mf''s out by force should it come to that.
+1
It is evil. The real thing.
This is an Obama failure.
this is a congress+administration+WS capital market failure. i.e : its fail USA!
They are not failing. They are winning. They are executing their plan masterfully. The Fed was created to benefit politicians and bankers from the inflation that would ensue. Fractional reserve banking and national debt/bonds are a masterful transfer of wealth.
Www.bigeye.com/griffin.htm
Bingo!
Somebody give that man a cigar!
There's a risk of global recession? OH NOEZ!!!
How can the world be at risk of a global recession when it is still IN a global recession?
you mean Depression, right?
Shhh, don't say that word - people might start to worry. A recession is when other people lose their job, a depression is when you lose your job.
+1
What happens if you don't know if you're a rebel or an insurgent?
Thats easy - Vote for an Independent !!
(its a test for IQ no)
The TSA will inform you of that as they anally rape you.
Obama says:
Now that is brilliant Truth. Brilliant.
ORI
Those people are the private central bankers: the eugenicists of finance.
Not so much a credit card, as borrowing more money than you can ever pay back from a Mafia loan shark.
Just keep borrowing more money to pay the vig and it's all good. What could go wrong?
Terrorism
"the use of violence and threats to intimidate or coerce, especially for political purposes"
comment of the week award
+1776
+April 19th
+ 1 quadrillion the new debt ceiling
QE's goin' on to infinity anyway.....ain't like nobody intends to pay it all off !
What level are we at now? Red or Orange or Yellow.
More unintended consequences of runaway Fed monetization and out of control deficit spending.
Acute shortages of UGG boots.
Futures are skying! Sell gold, buy bank stocks!
RobotTrader - Fri, Apr 15, 2011 - 08:38 AM
LOL, I told all the anarchists at ZH last night, warning them of a rotation out of GLD and SLV into XLF......
Or the big spenders in Macau China ....
Got MPEL .... ???? Lol'........ Told ya'
...... " Casino revenue in Macau, the world’s largest casino hub, rose 48 percent in March as gamblers from mainland China placed more bets on baccarat and other card games.
Macau, the only place in China where casinos are legal, boosted gambling revenue 58 percent last year to 188.3 billion patacas, about four times more than Las Vegas Strip’s $5.62 billion." ..................
Rising wedgie. Technically looks uggly.
We need the original jugs or we assume your a impostor.
wow ! didnt think even he would go there ......this crack addict voted against the debt limit when he was a senator.....the transformation is now complete !!
That was before the brain "surgery"
He was campaigning when he voted against it. Now he's elected.
Don't they all.
elected or selected?
hey! he was against it before he was for it, ok?
shut tf up and salute the flag, dammit!
Wouldn't go there?
It's not like he has a choice, you know.
As for his transformation, you're making the mistake of assuming he has a solid form. Any politico that can achieve the position of TOTUS, can easily assume any side of any issue as it benefits TPTB.
TOTUS = Totalitarian of the United States
TOTUS= teleprompter of the the United States
I don't see how Obama will not win a second term. Who will replace him?
Besides, current regime has managed to blame Bush for almost every folly. The die hards might be starting to look around...but not nearly in the scale required to effect major change.
That said, I'd love to see an unscripted, non-teleprompter, non-read ahead debate between Obama and Ron Paul. (disclosure: I'd also like Scrooge McDuck's money bin).
2nd term? By mid summer we'll all probably be seeing riots all across the US, who gives a crap who the presidential puppet happens to be?
Summer is too early for widespread riots in the US, IMO.
But agree re: immateriality of puppet master. If I had my druthers I'd rather have Minka Kelly.
Could happen any day far as Im concerned.
Some may wish it too, it will not for years, too much soma.
If it gets real hot this summer and no HVAC... maybe.
totally agree with having Minka Kelly. Oh, you mean as president? Yeah, I guess that's fine too, whatever.
Summer is too early for widespread riots in the US, IMO.
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
Pestilence and disease of biblical proportions; crop failures ... we're working on all that right now with some nice drought conditions down in Texas - look at the fires they've got!
Should crops fail for any reason: planting, growing or something prior to harvest - who we gonna call?
Goldman?
You forgot the liberal dusting of the plants you do get in with a lovely mixture of cesium, strontium and plutonium.
Michael Ruppert gives us until July, perhaps sooner.
http://www.shtfplan.com/emergency-preparedness/collapse-countdown-clock-...
OTOH, Ron Paul predicted a USD collapse by April of 2010, when he was interviewed by Glenn Beck in the Fall of '09.
There's still a year and a half before the election, anything can happen. In early 2007, Hopey the Clown was barely on the radar, everyone in the world thought it would be Hillary. We've a long way to go, and many crisis to get there.
Does it matter who replaces him?
Hint: Ron Paul sure as hell won't win (unfortunately, I might add).
You're right, he won't. Still I can't help but fantasize that he has some chance if shit gets crazy enough that people start actually listening to him.
The people can't listen to him if he isn't put on TV. Networks won't put him on for more than a sound bite.
Wsj hasn't mentioned his name in months
That's because he became irrelevant about 18 months ago.
Actually he was irrelevant long before that. But he was given the Anti-fed strawman role and somehow the free market capitalists had their go to professor, who spoke their language. Of course, all he ever did was speak their language, but in these times, somehow that was enough for many. If he wanted to educate, I can think of far more effective ways to have done so.
What I fail to understand is that in a supposed free country, a sitting congressman (10 terms, more???) cannot outright demand and GET either a Fed cudit or a Knox audit? Whut? Why? Why is that not his single, daily demand? In the convoluted politics of the US though, anything is possible, or so I've come to learn.
Then, Paul-Son gets to be Tea Party Head man.... change this change that crap. Votes for Homeland Security extension... not a whimper from supposed libertarians who put him in office?
Please, America is such a huge lie and th epeople so blinded it is beyond funny.
Of course it is the same here in India, in Oz, in Thailand, in japan... everywhere.
Mouth to the system's teat makes fro weak or garbled protestations at best. Even then, the system can look down at you and say, thou dost protest too much.
ORI
http://aadivaahan.wordpress.com/2010/09/28/of-tipping-points-and-shape-shifting-redux/
I'm not clear ORI, Is there a distinction that you are making between another DHS vote and the Patriot Act vote by Rand Paul (documented below) that you are inferring? Please clarify.
http://thehill.com/blogs/floor-action/senate/144309-senate-to-take-up-th...
Senate extends the Patriot Act for three months in 86-12 vote By Josiah Ryan - 02/15/11 06:42 PM ETThe bill is H.R. 514, which would let the government access business records, conduct roving wiretaps, and monitor individual terrorists until Dec. 8 of this year.
But Sen. Rand Paul (R-Ky.) argued that the bill could represent a violation of Americans' constitutional rights.
http://www.govtrack.us/congress/vote.xpd?vote=s2011-19
Senate Vote On Passage: H.R. 514: FISA Sunsets Extension Act of 2011 Number: Senate Vote #19 in 2011 [primary source: senate.gov] Date: Feb 15, 2011 6:08PM Result: Bill Passed Bill: H.R. 514: FISA Sunsets Extension Act of 2011 KentuckyYea
KY McConnell, Mitch [R]Nay
KYPaul, Rand [R]
ouch. sounds like ORI's got some kind of axe to grind, damn the facts.
Whoops. I'll take that back then. Was sure I had read that he voted for.
In fact, he spoke quite vehemently against it, apparently.
Thanks for that palmer.
ORI
I can't say if Ron Paul will be elected, but I can say he has a better chance now than ever before. I can also say that you fucking nay-sayers make me tired. And I can finally say that if Donald gets elected im moving out!
He's up in my neck of the woods tonight at St. Anslem speaking, thought about going, but the people that need to be there won't be.
While Ron Paul is probably the best of the lot, I wouldn't count too much on him. Not because he probably won't get elected. But because if he does, it'll be hell. With him too. Don't forget RP is an ideologue. Most of the things I heard him say were very much through the lens of a die hard ideologue. The answer to most problems according to him is "less government". And while that might work in some cases, it won't work in all cases. And I bet those cases where it wouldn't work are those RP talks about.
"The answer to most problems according to him is "less government"."
I'd say his most prevalent solution is follow the constitution, you know that thing that Bushy says is, "Just a goddamn piece of paper".
"The report that Bush "screamed" those words at Republican congressional leaders in November 2005 is unsubstantiated, to put it charitably.
We judge that the odds that the report is accurate hover near zero. It comes from Capitol Hill Blue, a Web site that has a history of relying on phony sources, retracting stories and apologizing to its readers."
http://www.factcheck.org/2007/12/bush-the-constitution-a-goddamned-piece...
I'm struggling to think of an instance where less government wouldn't help. Do you have any examples?
It's entirely possible that we have reached the point-of-no-return. It may be a political and financial case of entropy, where increasing input costs are resulting in exponentially decreasing returns.
Indeed seratonin, it's called the negative velocity of money. Money makes the world go round, and in 2008, the world stopped and is now spinning the other way.
Most are too seratonnined out to notice. ;-)
ORI
How about the repeal of Glass Steagal and the complete lack of regulation and law enforcement in the financial industry?
Right, so no BS Wall Street shenigans took place before Glass Steagal? We have plenty of regulations and government oversight organizations in place. God knows Sarbanes-Oxley was a real fucking savior, right?
It's not a problem of law, we have plenty of those. It's a problem of corruption. The regulators don't do their jobs because they are buddies with the people they are supposed to be regulating. Most of them probably get promised cushy Wall St jobs after their government gig is done as long as they don't rock the boat. Instead of selling the false premise that our government will protect us from criminals, we should instead tell people the government CAN'T effectively protect them from criminals and they should be CAREFUL who they give their money to.
We've got everything from the FDIC and SEC shoved up everyone's ass so far it's amazing that any small time brokers are even left. Meanwhile the big boys just hire a whole legion of lawyers for a compliance department that not only keeps them legal but finds ways around the regs and bribe the regulators. You think more of the same is going to help? Sounds like something the Bernank would say.
You got it exactly. What we need is better enforcement of the law to clean out the crooks and make the financial markets an asset to the country and a place where ordinary people can invest their money without getting ripped off. The cure is more government not less. And I don't necessarily mean more laws and more people. If the people in power took their feet down off their desks and enforced the laws that are now on the books 90% of the scams would end overnight and if they had done their jobs in the first place the country would not be in the mess it is now.
In other words, more government not more laws and people.
What's the definition of insanity? Repeating the same thing over and over and expecting a different result?
Not only will what you suggest not work, but it will have the inverse effect, the more power and influence the government regulators have, the greater the incentive will be to bribe them. The result is all the small time players get crushed, and all the big criminals get to continue business as normal. THIS IS WHAT IS HAPPENING TODAY. WAKE UP.
More government would only make it worse.
We've tried government now and it didn't work. So how about us trying no govenment for a while and see how that works. It couldn't be any worse.
Well right now you have big government for those who like big government, and no government for those with enough pull. How is it working so far>
@Pants:
I'd love to see an unscripted, non-teleprompter, non-read ahead debate between Obama and the fat man from Jersey.
Michelle Bachman will be our next president.
Look me in the eyes and say that.
piss....piss coming from my ass.
A little humor for a Friday, I like it!
His replacement is obvious:
Hillary!
osama or is it obama the Indonesian was caught fuckin' Sarkozy, so now the French socialisten want to outlaw prostitution!
If Hillary was successful, we'd still be waiting to elect the first female president. Would Bill be First Lady?
"His replacement is obvious:
Hillary!"
Excellent!...great qualifications!...carpetbagger, coat tail rider, perfected listening tours to a fine art, cattle futures trader extraordinaire, ex-first lady, ex-NY senator...a perfect resume'...LOL.
I wonder whatever happened to Norman Hsu? ;-)
This time when equities crash, everyone and their mothers will be shorting the piziss out of it so it'll be a good, deep and quick collapse.
China will step in with thier 3 trillion on the way down and say surprise round eye, All your stocks are belong to me.
Meet your new board of directors.
+11
Which will find themselves locked out, even with their Western faces.
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.
You're missing the point, he was upset about foreign coutnries financing our debt, he did fix that.... Now we finance our own debt.
+ QE ∞
To Infinity and Beyond! - Ben Lightyear stars in QE Story 3
Wah, wah, I want my dummy, I want my toys, wah wah.... or I will kick and I will skweam and skweam the house down... wah..
There was a recovery?
More like when Robert Downey Jr. went into re-hab-type of recovery...