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President Obama To Explain Why You Should Forget All About Q1 GDP - Live Feed

Tyler Durden's picture




 

The economy must be doing great, right? The market's at all-time highs... We suspect President Obama will 'brush off' the Q1 GDP collapse and focus his 'remarks on the US economy' on how well America is doing; how exceptional it's growth is'; and how any minute now it's going to the moon alice (and not just the Fed balance sheet). And just a reminder, the last time Obama spoke aggressively on 'fixing' inequality, stocks were not happy. Remember, the greatest irony of it all...

 

He is speaking now...(blaming Republicans for the state of the union)

http://www.whitehouse.gov/sites/default/themes/whitehouse/img/facebook_b...) no-repeat; padding-top:13px; height:30px; float:left;">JOIN THE LIVE CHAT

 

President Obama is due to speak at 1150ET delivering 'remarks on the economy'

http://www.whitehouse.gov/sites/default/themes/whitehouse/img/facebook_b...) no-repeat; padding-top: 13px; height: 30px; float: left;">JOIN THE LIVE CHAT

 

 

 

Of course, perhaps he should ponder this chart...

 

or these...

 

As we noted previously, one can read 696 page neo-Marxist tomes "explaining" inequality in a way only an economist could - by ignoring the untold destruction economists themselves have unleashed on society with their "scientific theories" (and providing a "solution" to the inequality problem which we warned readers was coming back in September of 2011) or one can read the following 139 words by Elliott's Paul Singer which in two short paragraphs explains everything one needs to know about America's record class inequality, including precisely who is the man responsible:

 
 

Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim: namely, higher asset prices (especially the prices of stocks, bonds and high-end real estate), which are generally owned by taxpayers in the upper-income brackets. The Fed is doing all the work, because the President’s policies are growth-suppressive. In the absence of the Fed’s moneyprinting and ZIRP, the economy would either be softer or actually in a new recession. 

 

The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough.

Q.E.D.

 

 

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Fri, 06/27/2014 - 11:44 | 4902420 gh0atrider
gh0atrider's picture

gh0atrider loves that picture of Obama.  The mad maestro conducting the sheeple with his NLP.

Fri, 06/27/2014 - 11:48 | 4902444 Headbanger
Headbanger's picture

Glad I missed it cause I was about to say just STFU Barry!

But I won't.

Fri, 06/27/2014 - 12:00 | 4902498 lordylord
lordylord's picture

Worst puppet ever!  Yes, even worse than Bush.  And yes, the next guy will be worse than Obummer.

Fri, 06/27/2014 - 12:23 | 4902583 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Moon is made of green cheese.  There I said it.

Fri, 06/27/2014 - 13:07 | 4902720 El Oregonian
El Oregonian's picture

One four letter word explains this imposter: "Faux". It sums up everything about this person (and his handlers) for the last 8 years.

On second thought, it goes all the way back to at least Woodrow Wilson in 1913.

Fri, 06/27/2014 - 17:36 | 4903937 SDShack
SDShack's picture

I've said if from day 1 of 0zer0, and will keep repeating it until he is gone. Hope & Change was nothing but Hoax & Chains.

Fri, 06/27/2014 - 13:05 | 4902729 Professor Fate
Professor Fate's picture

Having a President like Obama is like picking your ugliest cheeerleader to be your Offensive Coordinator.  Totally incapable on every level except maybe blow jobs. Rah..Rah..sis-boom-bah.   He's nothing but a minister, plain and simple.  Has no managerial skills whatsoever.  What a dolt.

Fate the Magnificent
"Push the Button, Max"

Fri, 06/27/2014 - 13:50 | 4902943 Hippocratic Oaf
Hippocratic Oaf's picture

over the last 6 elections i have asked myself, 'is this the best we've got?'

Get use to the NWO...........presidents will be puppets, nothing more. Pushed and sponsored and funded by the extreme powers that be.

the 'prez' will only be a figurehead, listened to by less and less of the population.

In other words..................FUCK OBAMA!..........and the motherfuckering oligarchs that sponsor this tool.

Fri, 06/27/2014 - 11:51 | 4902454 AlaricBalth
AlaricBalth's picture

Mr. President. I'm listening too and I still have yet to hear you say anything substantive.

What the hell?? You're done? 

Thank goodness

Fri, 06/27/2014 - 13:24 | 4902809 ejmoosa
ejmoosa's picture

He said the same things 7 years ago when he ran for POTUS....and while he may be done, we will suffer these consequences forever.

Fri, 06/27/2014 - 12:20 | 4902568 NotApplicable
NotApplicable's picture

LOL, classic imgur.

Fri, 06/27/2014 - 16:00 | 4903567 drendebe10
drendebe10's picture

Lies, more lies and damn lies eminating from the vacuous flapping lips of the corrupt, arrogant, narcissistic illegal kenyan indonesian alien sociopathic ignoramus liar in chief.... and yet while the thing continues to live its celebrity grand imperial golf life style, all the US citizen tax paying serfs and peasants are sucking the dried up hind teat.....

Fri, 06/27/2014 - 11:45 | 4902427 SoilMyselfRotten
SoilMyselfRotten's picture

No weather anomalies on the horizion, clear skies ahead(except for the stock market)

Fri, 06/27/2014 - 11:46 | 4902430 pods
pods's picture

Just letting us know that Q2 will (gasp) break into the positive realm.  

If they make or massage the numbers, we will never have another recession until it blows.

pods

Fri, 06/27/2014 - 14:05 | 4903036 Blues Traveler
Blues Traveler's picture

Pods, yes indeed, the only thing transparent is the game plan.....btw, per your post the other day, I don't accept the system but I have to play along until truth and understanding has critical mass.....I am legion.

Fri, 06/27/2014 - 11:49 | 4902438 NoDebt
NoDebt's picture

Wow, that was..... worthless.

Mercifully short, though.

"I'm listening."  Would that be from the turn on the 9th or only after you finish the full 18?

Fri, 06/27/2014 - 11:49 | 4902448 Grande Tetons
Grande Tetons's picture

His balls were tired. 

Fri, 06/27/2014 - 11:47 | 4902439 ebworthen
ebworthen's picture

He's yelling, that is never a good sign.

Fri, 06/27/2014 - 12:15 | 4902555 lakecity55
lakecity55's picture

Give him a break, he is mentally ill AND retarded.

Fri, 06/27/2014 - 11:48 | 4902443 surf0766
surf0766's picture

I can't even listen anymore

Fri, 06/27/2014 - 11:54 | 4902478 BeerMe
BeerMe's picture

You could before?

Fri, 06/27/2014 - 16:05 | 4903590 drendebe10
drendebe10's picture

... its lying voice is like the sound of fingernails across an old blackboard....

Fri, 06/27/2014 - 11:50 | 4902452 NOTaREALmerican
NOTaREALmerican's picture

The top 20% are doing fine.     When have we ever worried about the Trash Class in the US?

Fri, 06/27/2014 - 11:50 | 4902458 SpanishGoop
SpanishGoop's picture

And the band plays on.

Can we kill the music please.

 

 

Fri, 06/27/2014 - 11:50 | 4902459 stant
stant's picture

He keeps diggin that hole deeper

Fri, 06/27/2014 - 11:51 | 4902463 NOTaREALmerican
NOTaREALmerican's picture

When all you've got is a shovel what else can you do?

Fri, 06/27/2014 - 11:55 | 4902482 BeerMe
BeerMe's picture

Refill it?  Just like Keynes.  Pay them to dig holes.  Pay them to refill them.

Fri, 06/27/2014 - 11:51 | 4902460 ebworthen
ebworthen's picture

That was short, teleprompter must have been down.

I feel sorry for the Secret Service guys that have to scan that crowd of chuckle-heads trying to get pictures/video of the worst President ever (worst figurehead ever?).

Fri, 06/27/2014 - 11:51 | 4902462 RaiZH
RaiZH's picture

Because we're about to go to war. 

Fri, 06/27/2014 - 11:55 | 4902464 thecoloredsky
thecoloredsky's picture

Cliff Notes:

He told us not to be cynical, because if we have been, we wouldn't have created the Internet, put a man on the moon, or allowed women to vote.

He also mentioned that he's restoring the American Dreamtm

I'm not sure where to file this speech... in the You Can't Make This Shit Up folder or the Presidential Speeches Which No One Will Ever Remember folder?

Fri, 06/27/2014 - 11:59 | 4902495 NOTaREALmerican
NOTaREALmerican's picture

Just file it under "Bullshit", with all the other political speeches.  

Fri, 06/27/2014 - 11:52 | 4902466 HamRove
HamRove's picture

Sleeeeep Americans...Sleeeep. Watch soccer, get drunk, spend your money...It will always be good. Just like the FEDERAL RESERVE.

Fri, 06/27/2014 - 11:52 | 4902467 Goldbugger
Fri, 06/27/2014 - 11:57 | 4902488 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Off topic, but has anyone else noticed that gold keeps bouncing off a ceiling of 1320? Like for weeks now. 

Fri, 06/27/2014 - 12:26 | 4902600 Headbanger
Headbanger's picture

Yeah it's the Western Central Banks desperately trying to defend the U.S. dollar as the global currency while effectively keeping a lid on the value of gold the other side has to fund their massive military build up to throw our asses out of their neck of the woods for good!

Fri, 06/27/2014 - 11:58 | 4902489 Yen Cross
Yen Cross's picture

    Zero is such a failure at foreign policy, administrative management, governing, golfing, truth telling, that he's decided to throw financial forecasting into his bag of failures.

   I wish I could forget about you zero, but unfortunately you putrify the airwaves ad nauseam every day...

Fri, 06/27/2014 - 11:57 | 4902490 e_goldstein
e_goldstein's picture

Barry thinks he's a master carpenter when in fact he's nothing but a tool.

Might almost feel sorry for the guy if he wasn't a felonious traitor.

Fri, 06/27/2014 - 12:03 | 4902504 Dexter Morgan
Dexter Morgan's picture

Forward!

Fri, 06/27/2014 - 12:04 | 4902506 CheapBastard
CheapBastard's picture

I'm not sure the massive increase in debt to 'stimulate' the economy is a good thing. Debt usually catches up to you. All those "no credit check" things and "zero-down, interest free for five year" things come back to bite you in the Butt.

 

Last time Hank Paulson/Bush/Barry stuck the taxpayers with the tab...I'm not so sure they can do it again with the Trillion dollar student debt debacle, new zero-down mortgages, EZ Auto Loans, and so on.

Fri, 06/27/2014 - 12:06 | 4902515 wmbz
wmbz's picture

Obozo can't "explain" anything, he reads bullshit that other people have written off of a screen. That is his only ability, and he is not good at that.

Fri, 06/27/2014 - 16:08 | 4903607 drendebe10
drendebe10's picture

....."Navy corpse-men (sic)".....  

Fri, 06/27/2014 - 12:09 | 4902517 Nevsky
Nevsky's picture

A review of the speech.

Fri, 06/27/2014 - 12:12 | 4902542 lakecity55
lakecity55's picture

"If everyone in America was drunk stoned or high, my job would be easier. I am suspending all drug laws by EO # 2,347,987,876. Due to the large numebr of EOs, my next one will make me Ruler for Life. Allah Bless Amerika!"

Fri, 06/27/2014 - 12:17 | 4902560 kill switch
kill switch's picture

Content free!!!

Fri, 06/27/2014 - 12:29 | 4902613 ThisIsBob
ThisIsBob's picture

I don't know why some are supportive of Ms. Clinton's prospects.  Its not like we don't aleready have a girl for a president.

Fri, 06/27/2014 - 12:32 | 4902620 Smiddywesson
Smiddywesson's picture

Manchurian candidate:  Left wing marxist, narcissistic lizard NWO plant sent here to drop our borders, shred our Constitution, obliterate our middle class, and remove America as an obstacle to world domination.

 

There, Elliot Paul Singer said it in 139 words, Smiddywesson said it in 31.

 

 

Fri, 06/27/2014 - 12:32 | 4902621 Smiddywesson
Smiddywesson's picture

Manchurian candidate:  Left wing marxist, narcissistic lizard NWO plant sent here to drop our borders, shred our Constitution, obliterate our middle class, and remove America as an obstacle to world domination.

 

There, Elliot Paul Singer said it in 139 words, Smiddywesson said it in 31.

 

 

Fri, 06/27/2014 - 12:45 | 4902652 Colonel Klink
Colonel Klink's picture

So good it bears repeating.

Fri, 06/27/2014 - 14:52 | 4903230 Smiddywesson
Smiddywesson's picture

Oops, sorry about that, but your comment was funny so I will leave the dup.

 

ty

Fri, 06/27/2014 - 14:54 | 4903231 Smiddywesson
Smiddywesson's picture

 nm, mechanical glitch is causing double posts

Fri, 06/27/2014 - 12:39 | 4902635 TeethVillage88s
TeethVillage88s's picture

Cannibalize our Citizens and our Economy?

Headlines:

-Spain & US Cannibalize their Fixed Income Citizens regardless of race creed or color

-Liz & Dick Chaney say opening war in Ukraine & Iraq will both Provide Work for US Labor Force & Help Meet Future Energy Needs

-Obama Says "Go Shopping & Get on with your lives"

-Obama Says we are moving forward with Amnesty and the Increase in Welfare Needs will provide Needed Jobs in Government Social Programs which are Expanding Even as we Speak

-Obama Put Out # Point Plan to Address Growth 1) Global Security Needs will increase Mercenaries, Contractors & Military Personnel Jobs 2) Drill, Drill, Drill will provide transportation, storage, and Port Jobs in this Growing Industry 3) Since we face Agricultural & Ranching Inflation much of the country will be Scrambling to create whole new companies & locations to produce the food that we need

-Obama states one of our infant industries is beginning to take off this year, we will see the sharp growth in multilingual schools, hospital, Clinics, social services, and teachers in all of our communities

Fri, 06/27/2014 - 12:40 | 4902638 Iriestx
Iriestx's picture

Not going to listen to some uppity nigger talk down to me.

Fri, 06/27/2014 - 12:45 | 4902648 Colonel Klink
Colonel Klink's picture

Hey Obumbler,

I will be doing everything I can to resist your's and the Federal Reserve's efforts to correct this shit show through lies and theft.  I will not stop until I see prosecutions of those responsible, including many current and former members of government.

Sincerely,

Everyone who cares about this country

Fri, 06/27/2014 - 12:46 | 4902655 lunaticfringe
lunaticfringe's picture

Obama will go down as one of the greats. Great failures.

Fri, 06/27/2014 - 12:54 | 4902680 MFL8240
MFL8240's picture

Absolute disgrace.

 

Fri, 06/27/2014 - 13:10 | 4902745 thamnosma
thamnosma's picture

Doesn't this lunatic ever shut-up?

Fri, 06/27/2014 - 13:10 | 4902750 SheepDog-One
SheepDog-One's picture

Prezdent Zero.

Fri, 06/27/2014 - 17:41 | 4903957 SDShack
SDShack's picture

I call him 0zer0. He was nothing before being president. He has done nothing positive as president. And he will leave nothing positive after he leaves the presidency. A zero bookended by zeroes. 0 - 0 - 0 .... 0zer0.

Fri, 06/27/2014 - 13:13 | 4902757 Chuck Knoblauch
Chuck Knoblauch's picture

Count the number of times he says "folks".

hahaha.......................

Don't you love being talked down to by a turd?

Fri, 06/27/2014 - 13:13 | 4902758 Minburi
Minburi's picture

Fucking globalists

Fri, 06/27/2014 - 13:14 | 4902760 I Write Code
I Write Code's picture

Obumble can't tell one number from another.

Fri, 06/27/2014 - 13:52 | 4902962 Arkadaba
Arkadaba's picture

Missed it! Darn!

Fri, 06/27/2014 - 14:30 | 4903137 Bemused Observer
Bemused Observer's picture

The trouble is that we listen to them tell us what they are going to do, and elect them thinking they are actually going to DO those things.

But here is what actually happens. As soon as a new President is elected, he gets an "inservice" on 'How things work around here'. He is told in no uncertain terms that his ideas, though appealing to the voters, have no chance in Hell of being enacted, and he is introduced to the vast array of people and agencies that stand ready to pounce on his ass like stink on shit at any hint that he might decide to give it a try anyway.

Then comes the carrot...Do as we say, and you will leave office with a fairly decent legacy, an impressive Presidential Library, a lucrative position somewhere when his term is over....

As he mulls it over, they administer the coup de grace...an aide appears with small tablet. He sets it down in front of the President-elect, and taps the play button. Our newly-elected leader turns the color of old cheese as he watches himself, clad in black latex and wearing a ball gag as a hard-faced woman in fishnets yells "Lick my boots, worm!".

Then the Congressional leaders from both parties take the shaken man into their chambers and they work out the best way to give him cover when he breaks the promises he made. 'Good cops' and 'bad cops' will be chosen to make it look as though he tried his best, but just could not overcome the opposition.

Later, as he places some family photos on the desk in the Oval office, Obama is introduced to Michele Bachman, who much to his surprise, is a pleasant, quiet and remarkably intelligent woman. She chuckles, having been through this before. "I know, I know, sometimes it does get a little over-the-top. But it's a lot of fun. Sometimes I try to see how much I can get away with..Of course you'll get a heads up about anything we're gonna say. The important thing is not to take any of it personally." She takes his arm as they leave the Oval Office, chatting amiably as they make their way down the hall. "You know my Marcus is gay, don't you? I only mention that because you are DEFINITELY his type. I don't mind as long as he lets me watch. But no pressure, it's just something to think about..."

Fri, 06/27/2014 - 18:08 | 4904036 Whatchamacallit
Whatchamacallit's picture

Idea: next time he speaks in public, have some well positioned hecklers *laugh and laugh and laugh* anytime he says something really stupid.


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