Live Webcast Of Obama Proposing More Spending As The Solution To All Of America's Problems

Tyler Durden's picture




 

Actually, we are not sure just what the president will discuss in his 10:15 am address on the economy, but our suggestion that the president will suggest more spending as the cause solution to all of America's problems seems like a fair guess. That or blaming Merkel for the epic NFP miss last Friday. We are not sure what the shot keyword is today (aside for thingamajig of course), but we know what isn't: $15,734,596,578,458.59. That's was US Federal debt as of close on Wednesday: another fair guess is that it will receive exactly zero prominence in Obama's latest sermon.

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Fri, 06/08/2012 - 10:17 | 2507071 Peter K
Peter K's picture

Obama addresses the Economy?

What could go wrong:))))

Fri, 06/08/2012 - 10:26 | 2507109 BlueCollaredOne
BlueCollaredOne's picture

Doesnt the market always dip when he talks?

As of 1023 EST dow is down 25, it will be lower when he's done talking.  

Fri, 06/08/2012 - 10:28 | 2507136 mayhem_korner
mayhem_korner's picture

 

 

By "talking" you mean "reading aloud", right?

Fri, 06/08/2012 - 10:28 | 2507137 BlueCollaredOne
BlueCollaredOne's picture

But of course

Fri, 06/08/2012 - 10:42 | 2507219 Divided States ...
Divided States of America's picture

Guarantee you that the effer was busy watching the NBA game last night. Ok, obummer speaking now, time to go short.

Fri, 06/08/2012 - 10:45 | 2507239 Chief KnocAHoma
Chief KnocAHoma's picture

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.

LIAR!!!!

Fri, 06/08/2012 - 13:26 | 2507869 Kayman
Kayman's picture

But, but, but Bernanke is conjuring more Net Worth every day....

Fri, 06/08/2012 - 10:49 | 2507256 narapoiddyslexia
narapoiddyslexia's picture

I think he just said that "countries that spend more than they bring in have problems.!!!!!!!!!!!!

 

Did he just say that????

Fri, 06/08/2012 - 11:16 | 2507402 ElvisDog
ElvisDog's picture

Right, that statement is along the same lines as "we need a credible long-term plan to bring down the deficit, but in order to not jeopardize the recovery we need to increase spending right now"

Fri, 06/08/2012 - 11:53 | 2507549 narapoiddyslexia
narapoiddyslexia's picture

Folks who think growth is forever and reliable have never studied math. WHENEVER the increment of growth per unit time is proportional to the size of the thing that is growing, it results, inexorably, in exponential growth. Thus, a growth rate of 3% leads to doubling about every 25 years, or about every generation. I don't know about anyone else, but that idea strikes me as ludicrous [unless we start colonizing and/or intensively utilizing the resources in the rest of the Solar System.]

In any event, the way things are going, collapse of the debt structure is inevitable as it requires such growth for its continued existence.

Fri, 06/08/2012 - 10:32 | 2507163 Stoploss
Stoploss's picture

The retarded fucker can't do anything on time anyway.

The only exception is the golf course.

Fri, 06/08/2012 - 10:49 | 2507260 redpill
redpill's picture

You should see what this POS does to LA traffic when he's galavanting around on fundraiser tours.

Fri, 06/08/2012 - 11:00 | 2507313 smlbizman
smlbizman's picture

you must be unaware of...cpt....

Fri, 06/08/2012 - 12:14 | 2507629 mick_richfield
mick_richfield's picture

I just got a vision of half a dozen Secret Service guys walking around in the tall grass looking for the Presidential Golf Ball.

SS Man 1: ( quietly, to SS Man 2 )  God damn it, what's he hitting?  Titleist? 

SS Man 2: Yeah.  Number 5.

SS Man 1: Fine.  ( takes spare ball with correct number from jacket pocket, and surreptitiously drop it near his foot. )

SS Man 1: ( shouting to others )  Hey, here it is !

SS Man 1: ( quietly, to SS Man 2 )  Why didn't I take the damn FBI job ?

Fri, 06/08/2012 - 10:24 | 2507111 krispkritter
krispkritter's picture

This is going to be like watching Krugman in Blackface I bet.

 

Fri, 06/08/2012 - 10:42 | 2507214 Zero Govt
Zero Govt's picture

...more like watching Rocky XVIII ........pitiful

you've seen the (socialist) script a hundred times before, always ending with the star /czar (Stalin, Mao, Hitler, Mussolini) being broke and leaving the country a ruin

but hey, let's not let Barry in on the ending, let him have his dream

Fri, 06/08/2012 - 10:58 | 2507299 Peter K
Peter K's picture

You sound like Barry's typical white grandmother :)

Fri, 06/08/2012 - 11:10 | 2507360 Sauk Leader
Sauk Leader's picture

Wow, Tyler cue the "Deer in headlights" caption for the questions at the end. I bet he wished he didnt take any, that was brutal to watch.

Fri, 06/08/2012 - 10:31 | 2507140 Paul Atreides
Paul Atreides's picture

Guy can't even show up to his own meetings on time....speaks volumes for his experience on running an office, let alone a massive country.

Fri, 06/08/2012 - 10:33 | 2507170 The Big Ching-aso
The Big Ching-aso's picture

 

 

Look at the bright side.  In Zimbabwe, $15,734,596,578,458.59 was pocket change.

Fri, 06/08/2012 - 10:49 | 2507261 Paul Atreides
Paul Atreides's picture

Monetizing the value of US debt to equal a load of bread 'YES WE CAN'

Fri, 06/08/2012 - 12:44 | 2507713 ironsky
ironsky's picture

All that meetings crap is just wearing a suit and kissing the bosses ass because he knows the spell to contact John Frum. He has experience running cargo offices bringing cargo to the community. As for massive country; All cargo is local.

Fri, 06/08/2012 - 10:35 | 2507181 AlaricBalth
AlaricBalth's picture

"My fellow Americans. I hereby resign as President of these United States. It is with a heavy heart that I must inform you that we a royally screwed and I am just going to get out-a-Dodge. So good luck, BITCHEZZ....

Fri, 06/08/2012 - 10:38 | 2507198 xtop23
xtop23's picture

Then we get Biden.

Is that really what you want?

Fri, 06/08/2012 - 10:40 | 2507213 AlaricBalth
AlaricBalth's picture

Biden can't tie his shoes without a set of instructions.

Fri, 06/08/2012 - 10:43 | 2507225 LongSoupLine
LongSoupLine's picture

 

 

 

Sure he can...the problem is the instructions are from Corzine and now his shoes can't be found.

Fri, 06/08/2012 - 10:56 | 2507294 Stoploss
Stoploss's picture

Yes, but does he follow them?

Fri, 06/08/2012 - 10:57 | 2507297 CrimsonAvenger
CrimsonAvenger's picture

Biden has "TGIF" written on his shoes - stands for Toes Go In First.

Fri, 06/08/2012 - 11:28 | 2507449 madmax1965
madmax1965's picture

CrimsonAvenger - Thanks!  that is some funny shit!  I just spit water all over my laptop!

Fri, 06/08/2012 - 12:03 | 2507537 Oldrepublic
Oldrepublic's picture

 remember the famous LBJ quote:

He couldn't pour piss out of a boot with a hole in the toe
 and the directions on the heel
Fri, 06/08/2012 - 11:12 | 2507375 Overfed
Overfed's picture

That worthless fuck can't tie his shoes without an assistant. He only takes off his retard helmet for photo-ops.

Fri, 06/08/2012 - 13:33 | 2507903 Kayman
Kayman's picture

The truth of your comment notwithstanding, have you ever seen a set of instructions to tie a pair of shoes ?

 

Fri, 06/08/2012 - 10:37 | 2507186 Chupacabra-322
Chupacabra-322's picture

Can someone, anyone group of honest Police/Military arrest this motherfucker along with 534 House members (excluding Ron Paul) plus 99 Senate members (excluding Rand Paul) plus a President/VP and attorney General.

Charge them with Treason, Crimes Against The American People, Crimes Against Humanity.  Have a fair trail, convict, then execute them? 

Can anyone please? 

Hello?  Anyone? 

Fri, 06/08/2012 - 11:10 | 2507361 kridkrid
kridkrid's picture

Looks like rand Paul endorsed Romney. He's crossed off of my list.

Fri, 06/08/2012 - 11:15 | 2507390 johnQpublic
johnQpublic's picture

wont change my vote....voting for ron even if i have to write it in in blood

Fri, 06/08/2012 - 11:25 | 2507438 kridkrid
kridkrid's picture

I first voted for Ron Paul in 88... If I vote, I will do so again. My comment was about Rand.

Fri, 06/08/2012 - 12:23 | 2507649 mick_richfield
mick_richfield's picture

Wait until you find out what he got for his endorsement.

Like .. what job.

Fri, 06/08/2012 - 10:38 | 2507202 slaughterer
slaughterer's picture

Obama will use this press conference to announce a $2 trillion QE.  

Fri, 06/08/2012 - 10:40 | 2507215 Dr. Richard Head
Dr. Richard Head's picture

If Obama addressed the economy, I hope the economy returns to sender.

Fri, 06/08/2012 - 10:57 | 2507301 Stoploss
Stoploss's picture

Now we know "short term" is four years.

Fri, 06/08/2012 - 11:10 | 2507363 AldoHux_IV
AldoHux_IV's picture

I almost feel sorry for the guy if it wasn't for the fact that I don't like him as a president, he regurgitates what his idiotic economic advisers tell him is the reality of the economy (blind leading the blind), and that he and along with the rest of our current form of government are nothing more than a collection of self-serving psychopaths.

Fri, 06/08/2012 - 12:08 | 2507605 ATM
ATM's picture

The problem relly is that his economic advisors are William Ayres, Van Jones, Valerie Jarrett, Cass Sunstein  and Carol Browner to name just a few. 

Fri, 06/08/2012 - 10:46 | 2507243 battle axe
battle axe's picture

Dow plunges 2000 points....

Fri, 06/08/2012 - 10:57 | 2507298 Dr. Engali
Dr. Engali's picture

You call that wrong? I'd say " it's about damn time".

Fri, 06/08/2012 - 11:10 | 2507365 Gavrikon
Gavrikon's picture

Was ANYONE listening?

Fri, 06/08/2012 - 11:18 | 2507409 TruthHunter
TruthHunter's picture

So what's the big deal? We "borrow" short term a 0%.   If we/Obama

runs low, just "borrow" more.  Its free isn't it?  How come your grandfathers weren't

this smart?   

Fri, 06/08/2012 - 10:17 | 2507072 SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

thingamajigs......

Fri, 06/08/2012 - 10:25 | 2507113 gckings19
gckings19's picture

his speech...the republicans don't want to give you thingamajigs.  Let me be perfectly clear, i am the thingamajig president.  now mitt romney will tell you that we already have too many thingamajigs but that is not true.  as the thngamajig president i will make sure that our youth has acccess to the best possible thingamajigs that federal largesse can buy. 

Fri, 06/08/2012 - 10:35 | 2507182 taniquetil
taniquetil's picture

Is wanting to buy a watchamacallit now a dissident belief?

Fri, 06/08/2012 - 11:01 | 2507316 El Oregonian
El Oregonian's picture

Yes, President O'PeckerHead said there will not be any DEFLATION as long as he is still hanging around but The NUTS in his cabinet will be removed after the Bilderberg decision this past weekend in Chantilly VA. to replace him with another Bain Capital man. Sorry O, you've been Lorena Bobbit-ized... Enjoy the retirement, loser...

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