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Live Webcast Of Obama Proposing More Spending As The Solution To All Of America's Problems
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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Your checks for 3000.00 to buy thingamajis is in the mail. Please i beg of you vote for me!
About enough for about a hundred ounces of silver... is that our consolation prize?
That's a start. Keep going.
The collapse of the present paradigm will tell you when you are done buying and when to begin selling/disbursing/trading.
Who wants to join in a friendly game of:
Bullshit Bingo
So they send out the B team???
BWAHAHAHAHAHAHAW
WHERE'S THE KENYAN???
You mean Keynesian ;-)
Your welcome!
How long can the PPT hold up the ES waiting for POTUS to step up to his TOTUS?
Seems to be a back feed from the eu, they are up before the close, give it about 15 minutes.
In order to create jobs and further his legacy (ha!), he will be creating a new cabinet-level department. The Ministry of Patriotism and Loyalty. They will be charged with rooting out all right-wing domestic terrorists and their sympathizers. This is going to require enormous manpower, thus millions of jobs will be created. And O'bomb-a will go down in history as the greatest ruler this country has ever had.
How do you know when Dearest Leaders lieing? When his telepromter tells him to.
WTF is with the columns?
Oh, not this shit again.
LOL 20 mins late? What did his thingamajiggy break?
Two minute warning??
LOL
Obaama does not need to be there just turn the teleprompter around and hit play already. We can read.
That's a good one. The WH should just post up the pre-written speach (we all know it is) where we can just read it and not be subjected to O'bomb-a's smug BS.
Obama, that scrawny, feckless, sophomoric, lying boob, blame Merkel?
Hell no.
He will stay on that well worn path and blame Bush.
The American People believe the Republicans are in charge of Congress. Obama has instructed Harry Reid to pass nothing, not even a budget. Obama will propose Jobs Bill after Jobs Bill and blame the do nothing Congress for unemployment and the economy. It's all he has.
Problem is if Obama does nothing but blame the Republicans he looks weak, impotent, and whiny. Not exactly what the electorate is looking for in a POTUS.
I came over to read the comments and its 10:40 EST and he hasn't shown up yet? There's a bunch of guys with mics talking all at once...oh here is 25 minutes late "good morning", what a gongshow.
if he suggests bailing out Europe im gonna go buy a kg of silver sprinting all the way
All Europe all the time .......
The old...it's Europe's fault speech.
Late, again.
"Blah, blah, blah..."
Obummer threatening the Greek people about leaving the Euro?
What an ASS.
Clown!
The Bamster laying down the law.
Hope it works out better than it did after his Cairo speech:(
it looks like obama's been smoking the choom. he's lying even more than usual. liar, liar choom wagon's on fire.
'...it was fully paid for...' Whew! I thought we'd have to whip out the credit card again...oh wait...
Here we go...the NEW! New Deal...sigh...
If only congress would have passed my (government) jobs plan.... sheeit.
"Independent non partisan economists"????????? I wasnt aware of such a lot
Nothing. Nothing. Nothing. Nothing. Nothing. Nothing. I had solution. Blame Congress. Same ol',same ol' same ol'.
Blame Europe... check
Blame Congress... check
I look forward to the not so distant day when the mainstream media finally 'discovers' that Barack Obama has been lying all along in maintaining the Barack Obama Sr., rather than 'father-figure' Frank Marshall Davis, is his biological father.
Why would POTUS know the job status of the reporters??????
(Oh I forgot, they are all on the WH payroll...)
that was very telling and all the journos laughed. One big club and you aint in it.
I'll say what Joe Wilson was to afraid to stand behind...... Liar! Liar! Liar! You are a mother fucking liar!
What a fucking dick and disgrace.
The private sector is fine but the problem is not enough state & federal government? More "teachers, police officers, cops, and firefighters" need to be hired? The best the US can do to help Europe is to continue our "strong, robust recovery'?
My head is spinning.
Why are "teachers, police officers, cops, and firefighters" the only jobs that Obama mentions in every jobs speech? I swear in my area there is a fire station every 1 mile or so. Seems like we have enough.
Wow, I think the teleprompter spins around and faces the press for their questions now too... fancy!
Socialist card-carrying New Party putz.
"It's Bush's fault. It's Congress' fault. It's Republican's fault. It's Merkel's fault. But it's certainly not this choom-smoker's fault! In fact, on my watch everything has gotten better."
Talking about self-delusional....
Did he say anything yet?
Yes; we'll be sending 'peacekeeping' troops to Greece to help the peasants make the correct choice at the polls next week.
Oh did Diebold get the Greece contract?
No, I believe the 'contract', issued by the IMF and World Bank, was 'accepted' by the USMC.
Strange, it is more cost effective and easier, plus has better optics, to let everyone vote how they want, and then just control the vote counting.
Has was seriously bonging this morning
He sounds so eleoquent and well spoken when he's reading the teleprompter, but it all falls apart when he's answering questions.
Although not well known, technology has been around for over ten year that makes it possible for someone to send him the answers without anyone else being able to hear who is not in the path to his ear.
'...uh, uh, police officers, uh, cops, uh, uh...'
Somebody pull a Fonzi on the TOTUS...it's uh, uh, stuck again...
Your proposals put us on a "glidepath to long-term fiscal responsibility"? Oh, yeah, President Dumbshit?
More like a glidepath to ground level...
Ron White "...scene of the crash...I bet we beat the paramedics there by half an hour..."
http://www.youtube.com/watch?v=QC0yfREBxWw
True "austerity" means total chaos ultimately across the U.S.-things like public starvation, bloody, burning riots in urban (and other areas). I don't think ANYONE has the stomach for that, especially the pols...look for them to print until they can't any more. It's their only choice right now.
cutting government spending gradually over time so that eventually there is a surplus and the debt gets paid down, does not result in mass death and annihilation. Please cut back on the hyperbole.
Cut military spending 5 percent per year for 10 years. How is that going to bring about The End of Days?
Get MediCare, MediCaid and Social Security costs under control gradually over 5 to 10 years.
implement a 5% VAT tax
Are these popular choices? no, that's why they are second term, nothing to lose choices. Will they happen? probably not, but maybe if it gets to the point the automatic budget cuts take effect and suddenly they get cooperative and work out a real budget. Will this cause mass starvation, rivers of blood in the streets, and a burning wasteland? no.
Spell-check much? And turn of the freakin' auto-play. I about barfed up my Froot Loops when I heard Zero's voice.
Fruit loops was Zero's nickname when Reggie Love was around
Obama is also a short and long term problem
Who the fuck wants a lesson in the global economy from Obama?
lol your guess is right ZH!
We do need more spending from the public sector to get people working again while the private sector deleverages. This is pretty basic economics really. Shame politics and ideology has gotten in the way of recovery.
yes americans just love money being taken from them by force to give it to people who dont have the skills to get real jobs in the private sector.
Someone please hand him a shovel.
Hilarious.
Obama's only hope is for the "Krugman Solution":
Print faster and start handing out checks.
I thought the Krugman Solution would be to gin up a bogus war against alien invaders? Except the multi-trillion dollars of wars for the past 20+ collected years in Afghanistan and Iraq (not counting Pakistan, Yemen, Libya, etc) haven't really seemed to do anything positive.
Market seems to like what he's saying for some odd reason. Guess the idea that the President says we'll give Europe money is a good thing.
Classic "Buy the Rumour, sell the news".
Campaign speech!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"Glide-path to fiscal responsibility"
What? Just float down to prosperity?
A glide path would be a controlled descent? Sounds like a Freudian Slip.
Free advertising..............
The private sector is doing fine. Just hire more government workers,
States don't have the same flexibility as the Federal government? You mean they can't just print money too?
"Some o' 'dis, some 'o 'dat, dass whut we need, rrhhaght now."
I can't take it any longer. I think I'm going to stare at the Meh girl for a while and try to determine whether that's a labia I see or a nut. I'll keep you all posted on my findings.
It's her thingmajig
What a load of hot air and blather.
I can hardly bear to listen to a moment more.
Let's not mince words. Obama is THE greatest threat to individual liberty and lasting prosperity of our lifetimes. Those are literally the stakes!
Act and prepare accordingly!
Don't get your hopes up too high with Mitt, who is nothing IMHO than a white Obama.
I think of him as Twitt Obomney. And stop with the 'white Obama' thing, I'm half confused...
He doesn't talk so fluent without his telepromter. More like a Bush junior.
"If only you feckless Americans would get out there and spend some money...."
Just give everyone a Discount Window Credit Card. Problem solved.
His economic speeches are so simplisitc and primitive that any freshman in college could have written them. But then again, he has real high grade advisors like Larry Summers and Timmy Geithner running the show.
More like freshman in high school..
deficits don't matter
Ben's buying gold ....
UH OH.... more whistleblowers are going down.
The mere fact that THIS man is supposedly the "leader" of the US is simply asinine.
The man never ran business. Was raised in a foreign country, coddled all his life.
Did drugs and fucked off his entire teen life, got free passes to college and then was indoctrinated by communists and dipshits - simply apalling. It's no wonder that he pushes bail outs, free money and bullshit programs over fiscal prudence. The man has NEVER HAD to show prudence.
The man has no clue what is going on. I find Obama despicable - incapable of rational thought, and time will show this man to be a total fraud, liar, and cheater of Amercians. That he gets away with half the shit he does is his media/corporatist elites covering for him - hell - they put the slug in office in the first place.
Obama is NOT American in any way, shape or form - and those that support him are fools.
With that in mind, it should be clear to anyone the president is not the one in charge and voting for a new one is pointless.
I'm bad. I'm bad. Look how bad I am.
I find it offensive that you would say I said I was bad.
$15,766,900,000,000.00!!!! Just ticked over
(all together, chanting now) U S A! U S A! U S A!
Honestly, my hot flashes between violent tendencies, vomiting, suicidal depression, and rebellious optimism are starting to tax my system.
Never has one man lied so much and said so little
Amateur hour. Cannot wait to see this fraud and his wife Chewbacca load up the moving truck. Irony is that he will be making $250k/speech and offering his sage in 2013 forward....
Those big money gigs were the whole idea. Just following in the footsteps of the Sinkmeister.
strugling there obuma
He didn't even answer 1 question.
Do you think he actually believes half this swill he feeds us?
Barf break everyone!
Wow, 15 minutes late to a 15 minute presser...
Which is 15 minutes too long!!
I think he just walked out because he got his feelings hurt. Get ready for drone strike on the White House press room in 3...2...1...
That was apparently IT. Total length of news conference 23 minutes? WTF. Whay even have it? The statements and answers were so simplistic and did not even begin to address the very real problems we have.
sounded like charlie browns teacher to me, wau,wau,wau,wau,wau!
The Clown Prince has been on a money raising reelection campain from the first day hw was elected it is the only thing that he is concerned about, Air Force 1 has not had a chance to have its engins cool down for the last three years, And the queen has kept Air Force 2,3,4,5,6, almost in the air as much with her many multi million dollar vacations all on the taxpyers money, Yep we got a pait of Doozys in office Along with Baden who could ask for more?.
Groan..........
Depression. Deflation. Debt.
Lets spend more?
charlie brown gaspirino on fox b touting that more capital injections needed in europe and US, he must be on the gov. payroll! I have to go vomit now after this msm bs
Paraphrasing the Speech:
1. We need to be spending an a$$load of money today... but we will be responsible about reducing spending and deficit reduction in the "long term". Now... where have I heard THAT before??????
2. Our domestic spending needs to be focused on two things: (a) expanding the nanny state in our local and state governments; and (b) spending on projects for construction that are temporary in nature. There is apparently no structural employment issues that we need to be worried about here.
3. We wholeheartedly endorse bank bailouts in Europe. We also endorse a fully integrated European nanny state. They have the right fools to do the job.
4. Europe also needs to spend an a$$load of money today... and reduce spending even more so in the "long term". But they really need to spend a whole lot of money today, because we need to trade more with them. Not less.
5. Greece will be wiped off the map if they don't remain in the Eurozone. The people there need to sacrifice more.
6. I'm really pissed that classified information leaked out on Iran, even though all the information is true. However it leaked out, it didn't come from my Administration.
7. Republicans are to blame for all our economic problems. They are promoting anti-growth policies, which is very bad for 'Merica. (where have I head that before?).
1. We already gave spent a boatload of money now, and this is the future when we were supposed to be responsible, only we can't because the boatload of money didn't fix things.
2. We already spent money expanding the nanny state and local goveernments, and on "shovel ready jobs." Where has it gotten us. Oh yea, with 8.2% unemployment and plunging labor force participation rates.
3. We laughably think Europe is fixable... where to even begin adressing that dilusion.
4. Eurpose has been spending a boatload of money for decades. Where has it gotten us. Oh yea, with unfixable debt problems.
5. We can't allow Greeze to be free to chart their own couorse, they must participate in the Eurozone because it's been such a roaring success.
6. Republicans keep blocking my handouts and vote buying tactics. Don't they realize how a failure to buy union votes will bite them at the ballot box? After all unions are such bit Republican contributors. There opposition is totally irrational, why shouldn't they vote for their own destruction at the hands of the unions. Unions only need to buy one party with which to negotiate their wages and benefits.
That shovel ready jobs thing widened my bike trail and built four basketball courts for the guys ten blocks over. What could go wrong?
For some odd reason, I'm picturing 10 obese people all trying to play basketball, with one hand clutched to their chests.
But at least the bike trail is wide enough.
There was a posting about highly elevated radiation levels in Michigan here earlier. It's been pulled. WTF?
I think it was OT and too long, not to mention it's posted on several threads. See: http://www.zerohedge.com/news/spain-infographic#comment-2506711
summary: a monitoring station went on the fritz because of volt spike, dead UPS. the station was reporting to both radiationnetwork and blackcats so both maps had the same spike, using two different measurements. likely a non-story.
Apprently cutting back on public sector jobs is "going in the wrong direction." So how about we just have state governments hire everyone as teachers and police. We'll need to leave some people left to build infrastructure, of course, and then the economy will boom... right. Of course nobody will be growing food, or building houses, or making iPads or movies, or music, or bottled water, or telephones, or cars, or anything else the private sector makes, but I guess the people who make the things we buy are just a drag on the economy... in Obama's world.
Souuld read: "... proposing more borrowing as a solution..."
He oughtta pack up the volt and chewy, retire to chi town, and get on dancin with the stars
Or, head over to the UN to become secretary general - which is his goal - then he really can get away with doing nothing.
Plus, Michy and he can sniff up the ass of Pinch, the 'stars' and all the dying 60s liberals and activists in NYC waiting for John Lennon's 'imagine world' - well for everyone else, they still get the good food, entertainment and posh digs.
Obama's mindset fits his home town, Illinois and Chicago. Spend your way to bankruptcy.
Cant balme the fucker....he's gotta play the ESF's game or else he'll get Kennedyed....
WOW!!! He's saving the world from having Joe as President!! How noble.
Geithner Pleads With Europe To Pass EuroTARP, Obama Wants HARP 2.0+ Passed
http://confoundedinterest.wordpress.com/2012/06/08/geithner-pleads-with-europe-to-pass-eurotarp-obama-wants-harp-2-0-passed/
Thought HARP 2.0 already passed... we got a letter this week from a bank (not our servicer) that we have 3 weeks to apply for HARP 2... Either the bank jumped the gun OR banks are moving ahead regardless of any passing of legislation.
Harp 2 in effect - I'm a broker - they are doing highly underwater refis - I had one with 175% loan to value - this is SWFL after all.
Bernanke, Barry and Timmy must be looking for locations in Europe for those statues.
They sure won't erect any here soon.
Either you folks do not know who Richard Koo is, or you can't read simple macroeconomics. This is a systemic Balance Sheet Recession -- requiring appropriate responses.
"Conservative" budget-hawk approaches would leave us in even worse shape.
We can always cure deficits and diminish the weight of dollar-denominated debts over a span of a decade or so. That's not even difficult.
I hear it's working brilliantly for Japan. Keep up the good work. Looking forward to a Lost Half-Century.
more debt for us to send to EU more debt frn's to states and local gov..great plan do more of same he is going to bring this MF down. Corzined by a black coked up marxist with a room temp IQ..lets party it's all over man.
matt you are an idiot..never mention the taboo word : tariff. the world needs our markets more than we need plastic crap from china & india..you know how all the pols are fighting to get jobs here: None dare say tariff as it strikes at the heart of multinational banks and corps..get it??
I wonder if Chewbacca beats the shit out of him when he delivers such a nothing speech?
Hah!
http://www.gotwavs.com/php/sounds/?id=bst&media=WAVS&type=Movies&movie=S...
What does it mean when a politician says spending in the short term but cuts in the long term? Regardless of the time frame the cuts never happen. The government never says "Oh, its the 'long term' now. We have to give up our power and money."
Long Term=When Obama is out of office?
Koo points to China as doing the right thing with massive stimulus. Lending money to build ghost cities and empty trains.
LOL, hey, Koo-k how's that working out?
http://www.guardian.co.uk/commentisfree/2012/jun/08/obama-administration...
http://youtu.be/9_UqGtFu2eM
President of what, thats not funny, plissken.
Down N Dirty 1 Rule Obama Drinking Game:
Take a drink for every minute Ojigaboo is late. That way we'll be drunk before he starts talking. Colored President's Time, anybody?
How can somebody be 25 minutes late for a 23 minute speech?
Here is the Resume of the ZH blood-sucking Vampir/Zombie GODFATHER
Steve Levitt: Like a True Chicago Boy, Likes People to Go to Jail so Markets Can Be FreeYves here. Readers reacted positively to the inaugural report by the S.H.A.M.E Project on Malcolm Gladwell. S.H.A.M.E. , stands for “Shame the Hacks who Abuse Media Ethics.” Its approach is to provide information about the background and funding sources of well-recognized journalists and pundits so that the public will be in a better position to recognize bias and hidden agendas in their reporting and analysis.
Given $3000 checks, a thingamajig is approx. 2 reliable firearms + 2000 rounds.