Obama Comes Clean

Tyler Durden's picture




 

In a strange coincidence, President Obama, as reported by Bloomberg, just followed Mario Monti's new normal and 'came clean' about the real state of the economy, following his earlier snafu:

  • *OBAMA SAYS `ABSOLUTELY CLEAR' ECONOMY NOT FINE, AP SAYS
  • *AP SAYS OBAMA SEEKS TO CLARIFY PRIVATE SECTOR REMARKS

The President went on to say that he knows the economy "needs to be strengthened" while clinging to his basic belief that there has been some momentum. Is 'truth' the new 'lie'? Or did hope and change just change on less hope?

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 06/08/2012 - 16:32 | 2508613 dbomb12
dbomb12's picture

But you have to admit, he knows how to play a good game of golf all at our expense

Fri, 06/08/2012 - 16:01 | 2508475 junkyardjack
junkyardjack's picture

Markets don't care...

Fri, 06/08/2012 - 16:01 | 2508478 Shizzmoney
Shizzmoney's picture

Rich people like Buffett and Dimon who give to Obama's campaign calling him up:

"What the FUCK are you doing?  Don't tell the people we are doing fine!  Tell them we need more tax breaks, stimulus, bailouts, and QE3!"

Fri, 06/08/2012 - 16:10 | 2508502 LawsofPhysics
LawsofPhysics's picture

Tell buffet to wake   the     fuck      up.    ZIRP  is QE!!!  No interest means no cost for capital creation you bath-tub prognosticating moron.  What is even better is negative bond yields means bond holders are actually paying the givernment and financial fucks (a.k.a. the FED and all CBs) to PRINT.

All your 401k is belong to us!

Fri, 06/08/2012 - 16:02 | 2508483 williambanzai7
williambanzai7's picture

Made in China, assembled in USA...

MR TELEPOTUSHEAD ANNOUNCED

Fri, 06/08/2012 - 16:06 | 2508506 SilverTree
SilverTree's picture

Can you do one with Mr. Whipple?

Don't squeeze the banknotes"

Fri, 06/08/2012 - 16:10 | 2508517 Dr. Engali
Dr. Engali's picture

Let me be clear.......Mr. Potushead is the funniest thing I've seen all day.

 

Are you sure it's not made in Kenya?

Fri, 06/08/2012 - 16:17 | 2508556 williambanzai7
williambanzai7's picture

Here is a better version

MR POTUSHEAD MEME

Fri, 06/08/2012 - 16:24 | 2508587 ArrestBobRubin
ArrestBobRubin's picture

The Kenchurian Candidate

Fri, 06/08/2012 - 16:26 | 2508591 palmereldritch
palmereldritch's picture

Designed by Globalists

Fri, 06/08/2012 - 16:27 | 2508595 DaveyJones
DaveyJones's picture

mashed, boiled or fried?

Fri, 06/08/2012 - 16:33 | 2508620 iDealMeat
iDealMeat's picture

Change it to: "Designed in California"

Fri, 06/08/2012 - 16:34 | 2508626 dbomb12
dbomb12's picture

Now that's just downright racist, and an insult to the original Mr. Potatohead

Fri, 06/08/2012 - 18:06 | 2508939 Jena
Jena's picture

Is that a little shovel he's holding?

Fri, 06/08/2012 - 19:29 | 2509181 slewie the pi-rat
slewie the pi-rat's picture

not quite ready for the plastic tongue? 

Fri, 06/08/2012 - 18:22 | 2508980 macholatte
macholatte's picture

How about "Made in Kenya"

Re-Invented in USA

Fri, 06/08/2012 - 23:05 | 2509538 Tom Green Swedish
Tom Green Swedish's picture

Much better than ChiaObama.

Fri, 06/08/2012 - 16:02 | 2508485 LawsofPhysics
LawsofPhysics's picture

In another strange coincidence, the backers of Romney's campaign are the same entities, corporations, and financiers that got Obama elected in 2008.   

Got physical?  You better, because I don't see Romeny letting any banks or financial "job creators" on wall street go bust and with negative interest rates on bonds not far off (already on TIPS) the people's retirement plans are paying off that debt.  FAIL.

Ron Paul 2012.  

Fri, 06/08/2012 - 16:28 | 2508596 DosZap
DosZap's picture

In another strange coincidence, the backers of Romney's campaign are the same entities, corporations, and financiers that got Obama elected in 2008.   

 

 

 

This is SOP,been this way for every election since I have been around, and thats a lot.

To put it a better way, its CYA, and they are doing it to both parties.

Bank it.

Fri, 06/08/2012 - 16:03 | 2508491 Assetman
Assetman's picture

But trust me... the economy WILL be fine if we just spend more money today in exchange for a "glide path" toward less spending tomorrow.

Wimpy would be so proud.

</sarc>

Fri, 06/08/2012 - 16:42 | 2508635 dbomb12
Fri, 06/08/2012 - 16:06 | 2508507 Olympia
Olympia's picture

The end of the world is near... The ten plagues of Pharaoh “have been brought upon” the USA.

From the Wall Street Crash of 1929 to the Global Financial Crisis of 2007

http://eamb-ydrohoos.blogspot.com/2010/02/ten-plagues-of-pharaoh.html

.

It is the absolute tragedy for the USA. The former illegal immigrants had become the masters of their land; the ultimate masters. The people who wanted to collaborate with the Jews to become “Pharaohs” had the same bad luck. The greedy “locust” of the Asiatic desert swapped the USA and left absolutely nothing standing. The formerly rich people of the New World have been drained of their money to such a degree that they have passed the point of poverty and are headed towards starvation. The Americans now experience desperation and trust in God. Poor and hungry people gather around the fire to warm and cast their eyes up to heaven as their last hope. These are the former planet leaders...

Authored by Panagiotis Traianou

Fri, 06/08/2012 - 16:31 | 2508590 LouisDega
LouisDega's picture

The end of the world is near? Why didnt Toyota let me know this? I have an oil change appointment for next week. 

Fri, 06/08/2012 - 16:06 | 2508509 bob_dabolina
bob_dabolina's picture

Romney up 1% over Obama in Michigan?

I didn't think that was possible.

Fri, 06/08/2012 - 16:10 | 2508519 midgetrannyporn
midgetrannyporn's picture

The polls lie. Obama will win re-election.

Fri, 06/08/2012 - 16:21 | 2508571 midgetrannyporn
midgetrannyporn's picture

the way I read that is most intrade bettors agree with me.

Fri, 06/08/2012 - 16:29 | 2508606 SilverTree
SilverTree's picture

Who knows; who cares?

Fri, 06/08/2012 - 16:40 | 2508643 midgetrannyporn
midgetrannyporn's picture

Even money would be $5 per share.

Fri, 06/08/2012 - 18:22 | 2508978 Silver Pullet
Silver Pullet's picture

 

http://www.intrade.com/v4/markets/contract/?contractId=743474

Oh Bummer leading but lower in heavy volume .

Fri, 06/08/2012 - 16:45 | 2508667 dbomb12
dbomb12's picture

With the current conditions there probably wont be elections, just Economic martial law

Fri, 06/08/2012 - 16:43 | 2508657 dbomb12
dbomb12's picture

Thats because all the democrats abandoned the state

Fri, 06/08/2012 - 16:07 | 2508513 Temporalist
Temporalist's picture

This is extra funny because:

Romney Says Obama ‘Out of Touch’ on Strength of Economy

http://www.bloomberg.com/news/2012-06-08/romney-calls-obama-out-of-touch...

Fri, 06/08/2012 - 16:08 | 2508514 Snakeeyes
Snakeeyes's picture

Here is my Fox interview on housing (I was on AFTER Peter Schiff). LOL!

I have linked this to me my comments on Obama's disastrous speech this morning.

http://confoundedinterest.wordpress.com/2012/06/08/geithner-pleads-with-...

 

Fri, 06/08/2012 - 16:09 | 2508518 ZeroPoint
ZeroPoint's picture

Yeah, maybe he can strengthen it with another free trade deal with Nepal, Angola, or whatever god forsaken hell hole is lined up to take American jobs.

Obama may come clean, but it always lands on YOUR face.

Fri, 06/08/2012 - 16:10 | 2508523 Hedgetard55
Hedgetard55's picture

And it wasn't his peeps that leaked about STUXNET either.

Fri, 06/08/2012 - 16:10 | 2508524 Tsar Pointless
Tsar Pointless's picture

Bullish!

Fri, 06/08/2012 - 16:11 | 2508528 Spigot
Spigot's picture

These "slips" and "tells" are going to become so common that even a moron could see we are doomed. Peeps, you'd better get ready. The big O just said" "American can withstand shocks from Europe". and "Greece will need to endure more pain.", and "American will support Europe." Official denial. Now you know 1) Europe is failing soon, 2) American will be stuffed by same, 3) Greece is the ignition point and 4) Its every economy for itself...

Fri, 06/08/2012 - 16:11 | 2508531 JohnKozac
JohnKozac's picture

"Mitt Zombie will win," my neighbor says. "He has a stronger chin."

 

So there!

Fri, 06/08/2012 - 19:45 | 2509215 Jena
Jena's picture

So long as there are standards...

Fri, 06/08/2012 - 21:44 | 2509439 Dermasolarapate...
Dermasolarapaterraphatrima's picture

I'll be a Monkey's Uncle! What a great rating system your neighbor has, John...the size of the....chin.....

So size DOES matter!

Fri, 06/08/2012 - 16:12 | 2508532 skepticCarl
skepticCarl's picture

It's good strategy for Obama himself to highlight the lousy economy, as it blunts Romney's message.  Mitten's attacks will sound like whiny, old news. Watch, it will be Obama running against Wall Street, turning the tables on Mitt, even though Obama will receive record amounts of FRN's from that den of thieves.

Fri, 06/08/2012 - 16:33 | 2508622 DaveyJones
DaveyJones's picture

my thoughts too. It's almost as if..... it's all one big dishonest game where they make you think the parties are different  and that we are not the common enemy to suck dry. - every leader will get exponentially worse until the place blows.

Fri, 06/08/2012 - 16:13 | 2508536 Rastamon
Rastamon's picture

 

 

 

 

uhoh .... looks like someone is bucking for more QE

 

he also knows that all of his failure is about to be condensed and reach critical mass into the next fews months of trading and it will allllllllll be under the corporatist media's scrutiny.

 

helloooooooo President Etch-a-Sketch

Fri, 06/08/2012 - 16:14 | 2508542 dark pools of soros
dark pools of soros's picture

as long as India becomes part of the USA then he has a great jobs program

Fri, 06/08/2012 - 17:41 | 2508867 GeezerGeek
GeezerGeek's picture

I've waited so long for the H1B program to end.

Fri, 06/08/2012 - 16:15 | 2508548 magpie
magpie's picture

If everything is fine, there would be no one to blame.

Fri, 06/08/2012 - 16:26 | 2508562 TWSceptic
TWSceptic's picture

Fri, 06/08/2012 - 17:54 | 2508593 TWSceptic
TWSceptic's picture

How do I get images to show up here? <img> doesn't work.

 

Thanks for junking me, now care to explain?

Fri, 06/08/2012 - 22:39 | 2509505 slewie the pi-rat
slewie the pi-rat's picture

 <-----<  No

 <-----< fuk no, BiCh!

Do NOT follow this link or you will be banned from the site!