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Today's FTMFW Soundbite Is... (And Live Obama Town Hall Webcast)

Tyler Durden's picture





 

...Courtesy of the teleprompter:

  • OBAMA SAYS SOLVING DEFICIT IS `NOT THAT COMPLICATED'

Translated: "My fellow Americans, I forgot my antipsychosis medications this morning, and god bless. Thank you." Watch the town hall webcast below.

#282828; width: 480px; font-size: 10px; font-family: Arial, Helvetica, Sans-Serif;">
#666666; margin: 0 10px; height: 40px; display: block;">
#ababab; margin-left: 28px;">JOIN THE LIVE CHAT
#ababab;">VISIT WHITEHOUSE.GOV
 


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Mon, 08/15/2011 - 13:18 | Link to Comment FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Obama went on to say "Releasing a birth certificate that looked genuine was a lot more complicated."

Mon, 08/15/2011 - 13:29 | Link to Comment PaperBugsBurn
PaperBugsBurn's picture

 

 

Jesus H Christ, what a bunch of sheeple!!!!

 

The bankster CIA Manchurian Candidate at his finest.

Tue, 08/16/2011 - 08:33 | Link to Comment Chuck Walla
Chuck Walla's picture

Kruschev was mis-interpreted when he said: "We will Barry you!"

Mon, 08/15/2011 - 14:31 | Link to Comment Robbie4
Robbie4's picture

@ Tyler Durden. Just a question: say that, hypothetically, the government paid off all its debts, would there still be sufficient dollars left in the economy and if so, where did they come from? As far as I know is the government the only organisation that is able to create financial assets out of thin air. Every time the government spends, money is created into the economy out of thin air and every time taxes are paid, money is removed. It's a misconception that the government of a country like the USA needs to borrow to finance their spendings. Treasuries are just a monetary instrument and a way for the private sector to save with interest. Even the Fed is not able to add financial assets to the economy. F.e. Q.E. is clearly not adding any financial assets to the private sector. At the moment Treasuries were issued, dollars were removed from the economy. Now with QE the opposite is true and netto no financial assets were added to the economy. Is there such a big problem with government spending in times where the private sector is heavily deleveraging? Off course it brings inflationary pressure, but this effect is heavily reduced by the deleveraging private sector. I understand that government spending can be very dangerous in times when the economy is on full capacity, but now?! I actually don't see the big problems of the deficit of a country that has the monopoly on their currency and debts denominated in that currency. I see potential inflationary problems, but again now?! Can you tell me where my reasoning is wrong?

Mon, 08/15/2011 - 15:14 | Link to Comment Koffieshop
Koffieshop's picture

Is there such a big problem with government spending in times where the private sector is heavily deleveraging?

 

Depends on HOW you spend.

You could spend by improving infrastructure and stimulate domestic production

Or you can spend on more wars and propping up the failing system that rewards the outsourcing of production, thereby making the system even less sustainable.

Mon, 08/15/2011 - 16:05 | Link to Comment Robbie4
Robbie4's picture

I totally agree that government spending should be focused on sustainability and create added value to society (infrastructure etc) But IMO (and please tell me if I am wrong) many people on zerohedge are concerned about the fact that the government can never repay its debt, and that concern is, for different reasons, just based on nothing and shows a lack of understanding of how a modern monetary system works for a country that has the monopoly on its currency and debt denominated in that currency.

Mon, 08/15/2011 - 18:20 | Link to Comment Koffieshop
Koffieshop's picture

The US got itself in a situation where destroying money needed not keep pace with creating money. This was because the world economy was absorbing Dollars.
This has been going on for some decades and the US got thoroughly addicted to this 'tax on global trade'. This is why the deficit is so big.

The world can not absorb Dollars indefinitely however.
At some point the US budget needs to be balanced, or there will be rampant inflation.

The fear that you speak of is about the world rapidly losing all confidence in the ability of the US to sustain the value of the Dollar. The sell-off that would follow will cause hyperinflation in the US.

Paying back your debts in hyper-inflated currency counts as default.

Mon, 08/15/2011 - 19:35 | Link to Comment Robbie4
Robbie4's picture

"This is why the deficit is so big."

Is it? Again I am really against the power of the Fed, the power of governments and the financialisation of the economy, and I consider myself a strong believer in free markets, but I still don't see why the deficit is unsustainable.

"The world can not absorb Dollars indefinitely however."

Why not if government spending, taxation, etc are well managed?

"At some point the US budget needs to be balanced, or there will be rampant inflation"

This statement may be true. But before I can agree, can you define "balanced"?

"The fear that you speak of is about the world rapidly losing all confidence in the ability of the US to sustain the value of the Dollar. The sell-off that would follow will cause hyperinflation in the US. "

There is absolutely no reason to believe that the market is going to lose all confidence in the ability of the US to sustain the value of the Dollar. Well, maybe in the future when politicians create another unnecessary crisis by having a new non-discussion about the self-enforced precondition for the monetairy system that is called the "debt ceiling".

"Paying back your debts in hyper-inflated currency counts as default."

There is no paying back for the USA, because the government finances spendings by creating money out of thin air and therefore never had to borrow to finance. Btw, without the deficit, the US private sector would not even be able to save.

Mon, 08/15/2011 - 20:16 | Link to Comment Reese Bobby
Reese Bobby's picture

"Btw, without the deficit, the US private sector would not even be able to save."

Seems dumb even by your standards.  There can always be savers and borrowers.  You could also still have fractional reserve banking if lenders took the risk of a bank default.  I guess MMT is kind of neat because it allows disciples to make crazy statement that sheeple might just nob their head at; unless you are actually the real sheeple.

Wed, 08/17/2011 - 08:05 | Link to Comment Robbie4
Robbie4's picture

"Seems dumb even by your standards.  There can always be savers and borrowers. "

Funny that people that know less, offend more. I am, off course, talking about the private sector as a whole.

"You could also still have fractional reserve banking if lenders took the risk of a bank default."

Fractional reserve banking is not the system we have at the moment. Banks are not reserve constraint, when lending money.

"I guess MMT is kind of neat because it allows disciples to make crazy statement that sheeple might just nob their head at; unless you are actually the real sheeple."

Most MMTers are very much against the Fed and a lot of the policies taken atm. MMT is not an ideological direction. It just explains how the
monetary system works. If you were a little more open to arguments and were able to think for yourself, you could actually learn something from it.

Tue, 08/16/2011 - 00:48 | Link to Comment StychoKiller
StychoKiller's picture

Why not if government spending, taxation, etc are well managed?

 

Define well-managed, then try to find it in the US Govt...we're waiting...

Tue, 08/16/2011 - 08:46 | Link to Comment Koffieshop
Koffieshop's picture

 

"The world can not absorb Dollars indefinitely however."  Why not if government spending, taxation, etc are well managed?

Because the world population can not grow forever. 
 
Because economies can not grow forever. 
 
Because the SCO countries are slowly phasing out the Dollar for trade, for strategical and political reasons.  
 
Because new technical advancements today can just as well shrink the world economy, making people less reliant on the labor of others.  (Google around for "3D printer" for example)

---

 

"At some point the US budget needs to be balanced, or there will be rampant inflation" This statement may be true. But before I can agree, can you define "balanced"?

 

Spending in such a way that does not cause inflation or requires your currency to disappear abroad.

---

There is absolutely no reason to believe that the market is going to lose all confidence in the ability of the US to sustain the value of the Dollar

Have you seen the price of gold lately?

---

 

There is no paying back for the USA, because the government finances spendings by creating money out of thin air and therefore never had to borrow to finance. 

You are forgetting that international creditors are holding the receipts. So either the Dollar needs to maintain its purchasing power or the US won't be able to borrow in the future.

If the US wound't have borrowed but just printed, there would be unstoppable inflation.

 

 

 

Wed, 08/17/2011 - 07:54 | Link to Comment Robbie4
Robbie4's picture

"There is absolutely no reason to believe that the market is going to lose all confidence in the ability of the US to sustain the value of the Dollar

Have you seen the price of gold lately?"

The gold price is much more correlated with real interest rates than with the marketperception of the ability of the US to sustain the value of the Dollar.

Wed, 08/17/2011 - 08:56 | Link to Comment Koffieshop
Koffieshop's picture
What you are saying here is that the perceived risk of an investment is much less worthy of contemplation then the yield it gives.  
 
With this logic it would be a great idea to walk into a casino and put all your money on one number at the roulette table. 
 
 
 
You can be sure most investors don't think this way.

 

 

Mon, 08/15/2011 - 15:39 | Link to Comment Reese Bobby
Reese Bobby's picture

Wow.  QE buys assets with dollars created out if thin air and no dollars are removed from the economy.  QE2 was fun because the $600 billion was used to prop up the european banks that are still insolvent.

 

UST's are just a monetary instrument; one that is designed to charge taxpayers for the creation of money that could be issued for free.  You see Robbie4, the Global Bank Cartel owns and controls the federal reserve.

 

Meanwhile our "government" spends beyond its means in good times, average times and bad times.  And it will get worse: look at CBO's forecast of exploding deficits and debt even with rosy economic assumptions.

 

Tell your teachers they are morons.  And stop reading/watching the MSM.

Mon, 08/15/2011 - 16:31 | Link to Comment Robbie4
Robbie4's picture

"Wow.  QE buys assets with dollars created out if thin air and no dollars are removed from the economy.  QE2 was fun because the $600 billion was used to prop up the european banks that are still insolvent."

At the moment the Fed bought the Treasuries, Treasuries were removed from the economy and Treasuries almost function as "money". Treasuries are financial assets which you can use as collateral to buy stuff in a lot of situations. The inflationary argument of QE is based upon the wrong assumption that inflation is heavily correlated with M1.

"UST's are just a monetary instrument; one that is designed to charge taxpayers for the creation of money that could be issued for free.  You see Robbie4, the Global Bank Cartel owns and controls the federal reserve."

That might be true. I am also very much against the current monetairy/financial system and especially the existence of the Fed. I just
want to discuss the reasons why the system is wrong and what are the
right solutions for the different problems. At the moment I have the feeling
that a lot of people don't actually understand how the monetairy system works and are therefore angry for the wrong reasons.

"Meanwhile our "government" spends beyond its means in good times, average times and bad times.  And it will get worse: look at CBO's forecast of exploding deficits and debt even with rosy economic assumptions."

That indeed is (if true) a big problem, like I said in my original post.

"Tell your teachers they are morons.  And stop reading/watching the MSM."

You didn't give one single argument that proves me wrong, so I won't.

Mon, 08/15/2011 - 18:08 | Link to Comment Reese Bobby
Reese Bobby's picture

Think of the Fed as a Giant Global Bank Cartel SIV with an implicit federal government guarantee.  Next ponder the fact that 12 of the Primary Dealers are owned by foreign banks.  Most importantly, don't forget to party and chase tail as that is a very important part of your academic experience. 

Mon, 08/15/2011 - 19:48 | Link to Comment Robbie4
Robbie4's picture

"Think of the Fed as a Giant Global Bank Cartel SIV with an implicit federal government guarantee. Next ponder the fact that 12 of the Primary Dealers are owned by foreign banks."

I never said I agreed with the monetary system and I never denied that there is a lot of corruption. I just want to discuss the working of the modern monetary system.

"Most importantly, don't forget to party and chase tail as that is a very important part of your academic experience."

Unfortunately, my academic experience finished long ago. Thanks for the tip though. I allways thought Modern Monetary Theory was the perfect turn on for girls and because of you I now know this thought is the reason masturbation is still my only sexual experience.

Mon, 08/15/2011 - 20:00 | Link to Comment Reese Bobby
Reese Bobby's picture

I am talking about MMT.  But the masturbation comment is amusing.  Let's agree to have no common ground on QE and I wish you well.  I'm going to go talk to a wall I can see now...

Tue, 08/16/2011 - 00:51 | Link to Comment StychoKiller
StychoKiller's picture

Answers to your questions can be found in:

"The Creature From Jekyll Island, a Second Look at the Federal System",  5th Ed., G. Edward Griffin, ISBN:  978-0-912986-45-6

Tue, 08/16/2011 - 08:42 | Link to Comment Chuck Walla
Chuck Walla's picture

The system is wrong because it puts power in the hands of corrupt, unaccountable bankers, politicians and various other nefarious wrongdoers.  It assumes the people are too stupid to do the right thing and the economic mechanisms are failures after thousands of years of experience. So, these crooks and liars "guide" us to the "proper" conclusions: ie inflate away any reason to save so they will spend. Inflate housing so they will spend. Destroy the value of savings so they will spend. Not once does the genius of a Krugman or Benank or Obama et al ever worry about saving.  So if everyone spends, who gets the benefit of selling these mostly depreciating assets?

Tue, 08/16/2011 - 01:19 | Link to Comment SYantiss
SYantiss's picture

Robbie,

 

Good questions all.  It's true that in a static environment where T-Bills espunged debt, there would be little problem in continuing the "print/destroy" debt model.  The problem with this is:

1. Foriegn governments buy the debt in their currency with the expectation of a return (interest).  So the next issuance or repayment needs to be larger than the initial issuance.

2. The governement has made promises to pay a specified amount at some point in the future.  These liabilities need to be funded at some point or deferred to a TBill or some other asset exchange.  

3. The promises of payment are based upon debt that is, in turn, based upon faith that payment will be made.  To this point, we must turn to the Hitchhiker's Guide to the Galaxy...  wherein God, in protest to the loss of faith in Him appears and proves that He is real...  but, since His ability to BE is based upon faith, He disapears in a POOF of logic.

When people lose faith in the ability to repay, the demand for the $ is reduced.  Since the $ is sustained completely upon issuance of new debt, it is hard to imagine that the $ can continue without unlimited unicorn horn licking.

4. There has been a real devaluation of the $ in terms of purchasing power over the last (oh... take your pick of years)...  If you are a foriegn government who has to buy his oil in $ and the $ you have in your vault purchase less oil each year, will you want to hold the $'s?  Won't you be pissed when you've been robbed of your purchasing power through excessive printing by the issuer of the $?  I know I am.

Mon, 08/15/2011 - 13:17 | Link to Comment Racer
Racer's picture

And  so... why hasn't he solved it yet?

Mon, 08/15/2011 - 13:49 | Link to Comment Kestrel_1
Kestrel_1's picture

When he had the Green Bay Packers at the White House he joked that Aaron Rodgers should be traded to the Bears. I think Green Bay should do this but only if Obama get's rid of Timmy and Ben...it is a start.

Mon, 08/15/2011 - 13:50 | Link to Comment SheepDog-One
SheepDog-One's picture

Exactly. If its so easy, then when are you going to get around to putting your 'easy solution' in play? Then again, this might be bad news as WW3 would solve the debt problem, confiscating all americans bank accounts and stock holding would be a nice plus the the banksters debt. Just depends on what the meaning of 'is' is.

Mon, 08/15/2011 - 14:39 | Link to Comment bernorange
bernorange's picture

Obama was elected by people who think he shits unicorns and rainbows.  Michelle Bachmann tried to steal his thunder with her comment that the economy could be fixed in 90 days during the last debate.  Obama has to step up his game for the starry-eyed lemmings.

Mon, 08/15/2011 - 14:42 | Link to Comment pods
pods's picture

I think she stole his thunder with the Corn Dog photshoot.

pods

Mon, 08/15/2011 - 14:59 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

"And  so... why hasn't he solved it yet?" He is working on it. It's not easy managing the largest economy in the world, and ungreatful comments like this are not helpful at all. You should be at least satisfied that he has managed to keep this recovery going so that fewer people lose their jobs. The only barrier to prosperity is this libertarian religion that oposes what this economy is lacking most - AGGREGATE DEMAND. As I've said before, the ONLY way to boost our economy is further monetary and fiscal stimulus.

Mon, 08/15/2011 - 17:02 | Link to Comment andybev01
andybev01's picture

um...you forgot the <sarc> disclaimer...

 

And by the way, I would be truly 'greatful' if he were doing more than the 'least' he could be doing.

This little bus tour he's on right now is a poorly disguised campaign trip.

Mon, 08/15/2011 - 17:03 | Link to Comment Anonymouse
Anonymouse's picture

Saving it for an October Surprise

Mon, 08/15/2011 - 13:18 | Link to Comment drink or die
drink or die's picture

Just dissolve Congress and he can solve it no problem.

Mon, 08/15/2011 - 13:26 | Link to Comment carbonmutant
carbonmutant's picture

Don't laugh he still has another year to try that...

Mon, 08/15/2011 - 14:49 | Link to Comment cowdiddly
cowdiddly's picture

Already solved, Super Congress 

Mon, 08/15/2011 - 13:19 | Link to Comment Milestones
Milestones's picture

What a total lying piece of shit!   Milestones

Mon, 08/15/2011 - 13:19 | Link to Comment djsmps
djsmps's picture

He saved GM. He just told the crowd that. He also assassinated bin Laden.

Mon, 08/15/2011 - 13:21 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

It'll be epic when they fail again.

Mon, 08/15/2011 - 13:22 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Nah, it'll be epic when they kill Bin Laden again.

Mon, 08/15/2011 - 13:34 | Link to Comment Mad Max
Mad Max's picture

OBL still has 6 of his 9 lives left.  We can assassinate him another 3-4 times easily without raising any suspicions.

I just hope that the miniseries accurately portrays him wandering the Afghan desert with his dialysis machine, looking for an outlet to plug it into.

Mon, 08/15/2011 - 14:03 | Link to Comment carbonmutant
Mon, 08/15/2011 - 13:20 | Link to Comment monopoly
monopoly's picture

I am so glad Tyler does not give us a test on these videos. I refuse to watch them. And so much for the gold correction.

Mon, 08/15/2011 - 13:24 | Link to Comment wang (not verified)
Mon, 08/15/2011 - 13:20 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Is this bullish for SBUX?

Mon, 08/15/2011 - 13:20 | Link to Comment 101 years and c...
101 years and counting's picture

i listened to 8 seconds and couldnt take it anymore.

Mon, 08/15/2011 - 14:33 | Link to Comment RichardENixon
RichardENixon's picture

I think you win a free Klondike Bar if you last 5 seconds. Oh wait, that's for your wife.

Mon, 08/15/2011 - 13:21 | Link to Comment Debtless
Debtless's picture

It's really sux the only choice democrats have to vote for is more of this nonsense guy. As the republican establishment ignores R. Paul, the only candidate it has that has any real chance of bringing the dissatisfied democrat/independents over. We're truly fucked into more of the same.

Mon, 08/15/2011 - 13:22 | Link to Comment Smiley
Smiley's picture

Puns, Platitudes, anecdotes and cliches...

 

VERBAL DIARRHEA!

Mon, 08/15/2011 - 13:23 | Link to Comment nmewn
nmewn's picture

Eat your peas you bitter clingers!

Mon, 08/15/2011 - 13:24 | Link to Comment GenX Investor
GenX Investor's picture

Zip your lip with a padlock, na na na, please reelect me with your pants on. I'm talkn' bout... blah blah blah, blah blah blah.

 

Mon, 08/15/2011 - 13:25 | Link to Comment American Sucker
American Sucker's picture

It's simple to solve the deficit problem.  DEFAULT.  There's no good reason for 2% of the economy to be burnt up paying interest on the debt - primarily to the rich and foreign governments - nor for a trillion dollars of capital every year to be fed to the gaping maw of the war machine.  Stick it to the rich and default!

Mon, 08/15/2011 - 13:33 | Link to Comment DogSlime
DogSlime's picture

Amen.  Not just the US either.  We should be looking at this here in the UK too (since it seems inevitable anyway).

Mon, 08/15/2011 - 13:26 | Link to Comment Gubbmint Cheese
Gubbmint Cheese's picture

Felonious Monk breaking it down for B - (work caution - swearing):

http://www.youtube.com/embed/-McpNtHet3w

 

Mon, 08/15/2011 - 13:27 | Link to Comment A Lunatic
A Lunatic's picture

Maybe a seven headed hydra monster will rise out of the river and swallow his stupid ass up. The audience too.

http://www.mythicalcreaturesguide.com/page/Hydra

 

Mon, 08/15/2011 - 13:28 | Link to Comment JohnG
JohnG's picture

How is there not a sniper in the trees across the little river there?

Mon, 08/15/2011 - 13:42 | Link to Comment Bastiat
Bastiat's picture

Secret Service didn't just start doing their thing yesterday.

Mon, 08/15/2011 - 13:57 | Link to Comment JohnG
JohnG's picture

Just look at the dense foliage.  There's not enough SS to be climbing around up there.  Hell, they could be withing a foot of me and never see me unless they stepped on me.  One trained sniper, that's all I ask.  Is it so much!

Mon, 08/15/2011 - 14:15 | Link to Comment NotApplicable
NotApplicable's picture

Other than watching him splinter, what's the value of shooting a puppet? Might as well take out the Teleprompter, as it's higher up in the chain of command.

Neither though, is worth the effort.

Mon, 08/15/2011 - 16:08 | Link to Comment vato poco
vato poco's picture

Good God, man, are you *insane*?? How the fuck do you think LBJ got his "Great Society' bullshit through congress in 64-66? Why, he'd merely say, with a reverent look on his scummy lying face, "It's what our late great martyred JFK would have wantd". And the stupid assholes in congress, afraid of being called "mean" by the stupid assholes in the media, would obediently line up to vote for it. How'd that work our for us?

Now imagine what that blowhard halfwit Biden and his new VP Pelosi would try trotting out to "honor our fallen Dear Leader". VAT tax? sure. Welfare on Steroids? yup. Free cable for the Po'? you bet. The mind boggles. You need to be praying every day in every way that Barry stays good & healthy until we can throw his sorry lying ass out on the street next november.

Mon, 08/15/2011 - 13:28 | Link to Comment ZackLo
ZackLo's picture

Obama "when I first came into office we said we were going to double our uh...deficit...uh I mean...exports yeah exports...uh and now that we through the domestic economy under the bus...rural farmers are getting robbed...."

Mon, 08/15/2011 - 13:31 | Link to Comment ZackLo
ZackLo's picture

This is why our problems will never be solved....http://youtu.be/am-k5bL40kU

Mon, 08/15/2011 - 13:28 | Link to Comment djsmps
djsmps's picture

Boy, he has created a lot of jobs. He created 800,000 jobs just in agriculture. And another 1 million from extended unemployment benefits.

Mon, 08/15/2011 - 13:52 | Link to Comment Sellzem
Sellzem's picture

....not to mention flipping burgers at your local fast food chain.

Mon, 08/15/2011 - 13:28 | Link to Comment Eireann go Brach
Eireann go Brach's picture

Austin Powers just woke up from being frozen and screamed 'WHAT THE FUCK HAPPENED"

Mon, 08/15/2011 - 13:30 | Link to Comment marcusfenix
marcusfenix's picture

Monsanto is coming to eat you little farmer bitchezs! (insert evil laugh here)

Mon, 08/15/2011 - 13:29 | Link to Comment Gert_B_Frobe
Gert_B_Frobe's picture

Nice river in the background. Any chance an upstream dam bursts and washes this clown away?

Mon, 08/15/2011 - 13:29 | Link to Comment Thomas Jefferson
Thomas Jefferson's picture

Minnesota sucks.  Maybe Canada will take it off our hands.

Mon, 08/15/2011 - 13:29 | Link to Comment DogSlime
DogSlime's picture

It's easy - just eat your peas.  Can't go wrong if you eat your peas.

Mon, 08/15/2011 - 13:30 | Link to Comment DarkStarDog
DarkStarDog's picture

LOL... ah shut up Barry.  Look in ur mailbox I bet the banksters sent you a few more Benny Bucks.  Better buy some TV ads while the dollar still has a little value.  what a ball less lie'n punk ass...

Tue, 08/16/2011 - 00:58 | Link to Comment StychoKiller
StychoKiller's picture

A thought occurred to me:  Why not send a can o' peas to the Whitehouse?  How many would it take to get MSM attention?

Mon, 08/15/2011 - 13:31 | Link to Comment Perpetual Burn
Perpetual Burn's picture

I thought this was live  stand up on comedy Central?

Mon, 08/15/2011 - 13:31 | Link to Comment marcusfenix
marcusfenix's picture

"folks MAY have been laid off"...did he really just say that?

Mon, 08/15/2011 - 13:33 | Link to Comment Manthong
Manthong's picture

Oh gawd...

That hurt.. but he is right, it is not that complicated and it is manageable.

It is simple, but it is not easy and he is not able or willing to manage us out of it.  

Mon, 08/15/2011 - 13:32 | Link to Comment vast-dom
vast-dom's picture

Wow this Obama is really so FOS it is comical. Bleh bleh $ this that bleh blah yadda yadda bleh blah STFU "prez". now uh that solves about all of the problem re: wasting time hot air bleh blah 

 

Mon, 08/15/2011 - 13:33 | Link to Comment carbonmutant
carbonmutant's picture

What kind of people does it take to sit an listen to this BS?

This guy has a cadence similar to Jim Jones...

Mon, 08/15/2011 - 13:36 | Link to Comment vast-dom
vast-dom's picture

low-grade preachah-man...........uh huh.......

Mon, 08/15/2011 - 14:06 | Link to Comment carbonmutant
carbonmutant's picture

You gotta wonder if his hopium is going to be as deadly as the kool-aid...

Mon, 08/15/2011 - 13:42 | Link to Comment KrugmansChauffeur
KrugmansChauffeur's picture

He's just keepin it real yo.  The teleprompter will take questions later.

Mon, 08/15/2011 - 13:34 | Link to Comment vast-dom
vast-dom's picture

Instert (__________) bullshit example, then claim to know what one is talking about. The key word: talking. It's all about talking and that is cheaper than cheap.

 

Silver mofo's!

Mon, 08/15/2011 - 13:34 | Link to Comment Abitdodgie
Abitdodgie's picture

Just one sniper down river , problem solved

Mon, 08/15/2011 - 13:35 | Link to Comment vast-dom
vast-dom's picture

What for? So another FOS jerkoff takes his place?

 

This is a structural Amerikankan problemo!

Mon, 08/15/2011 - 13:53 | Link to Comment A Lunatic
A Lunatic's picture

No shit, can you imagine Biden as POTUS? (shudder)

Mon, 08/15/2011 - 14:03 | Link to Comment JohnG
JohnG's picture

There's an upside though: No more O'fuckhead.

Mon, 08/15/2011 - 13:35 | Link to Comment Mugatu
Mugatu's picture

Here is your quick synopsis:

  1. Whaa, Whaa, Whaa!  We were hit by events outside our control - Tsunami, Europe woes, etc...
  2. Whaa, Whaa, Whaa!  Damn Republican politicians - systems broke!
  3. Whaa, Whaa, Whaa!  We need to spend more on infrastructure!
  4. Whaa, Whaa, Whaa!  Wall street makes too much money!
  5. Whaa, Whaa, Whaa!  We need to sell more overseas!
  6. Whaa, Whaa, Whaa!  We need to fix healthcare!

When you done with #6, start over at #1 and repeat.

Mon, 08/15/2011 - 13:36 | Link to Comment aVian
aVian's picture

social security will be here for generations - LIAR IN CHEIF

Mon, 08/15/2011 - 14:20 | Link to Comment NotApplicable
NotApplicable's picture

Sure it will. You'll get your check on the first, then promptly spend it on your one decent meal for the month.

Mon, 08/15/2011 - 13:38 | Link to Comment Moneyswirth
Moneyswirth's picture

Shhh.  The President is in "roll up my sleeves, no tie-wearing, talking like I'm running for office as an oustider" mode.  

Mon, 08/15/2011 - 13:39 | Link to Comment MagicHandPuppet
MagicHandPuppet's picture

This Obammy guy is such a joke (not that the republicans are any better) as are all of his dumb ass supporters that just want free shit stolen from others and given to them.  Social Security is stolen money.  I want a fucking refund with interest, asshole.

Anyone who spends more than a few seconds listening to this guy ramble is going to lose IQ points at a rapid pace.

Mon, 08/15/2011 - 13:39 | Link to Comment digalert
digalert's picture

Barack Barry Hussein Soetoro Obama what's his name:

"you folks don't understand, see I've been on the bus fighting those corporate jets. This economy is not my fault! Now you have the enemy fighting me (cause I'm black):

repubs, tea party, america lovers, fox news, white rich people, freedom lovers(?) small gov't, truthers, birthers or basicly most of america. So I'm back on the bus, growin them jobs, growin the economy, feeding the children blahblahblah"

Mon, 08/15/2011 - 13:40 | Link to Comment marcusfenix
marcusfenix's picture

didn't this lady just tell him she was turned down? and in typical teleprompter fashion he just blew right past her and launched into more teleprompterspeak...

Mon, 08/15/2011 - 13:41 | Link to Comment jjsilver
jjsilver's picture

he is right solving the deficit is easy, abolish the federal reserve and put them on trial!!

Mon, 08/15/2011 - 13:41 | Link to Comment laomei
laomei's picture

Yea, it's not that complicated at all...

tax the rich

single-payer

end the stupid wars

rebuild infrastructure

 

economy solved.

Mon, 08/15/2011 - 13:46 | Link to Comment KrugmansChauffeur
KrugmansChauffeur's picture

Might need a job or two in there for some folks. 

Mon, 08/15/2011 - 13:49 | Link to Comment laomei
laomei's picture

yes... rebuild infrastructure, kill the pointless costs of healthcare.

these things put more REAL money in the pockets of ACTUAL consumers.

supply-side econ is a scam and the proponents of it should be shot in the fucking head

Mon, 08/15/2011 - 13:43 | Link to Comment johnQpublic
johnQpublic's picture

"if i were paying my fair share of taxes we wouldnt have to put this load on seniors"

 

theres a quote for ya

stating he doesnt pay his fair share

sweet

other than that bit o nonsense....mostly nonsense....good sidestepper around questions though

exceptional bullshit artist

my ears are starting to bleed though

 

Mon, 08/15/2011 - 14:06 | Link to Comment JohnG
JohnG's picture

Well hell, the IRS will take donations.

Mon, 08/15/2011 - 13:44 | Link to Comment Mercury
Mercury's picture

Where the fuck is this? - intermission at a Peter, Paul & Mary concert?

Mon, 08/15/2011 - 13:49 | Link to Comment AmazingLarry
AmazingLarry's picture

Cannon Falls, MN. 

Mon, 08/15/2011 - 13:44 | Link to Comment turtle777
turtle777's picture

Come on, guys, cut the teleprompter some slack, it's the mouth piece that sucks.

-t

Mon, 08/15/2011 - 13:45 | Link to Comment long-shorty
long-shorty's picture

Mr. President just said farm prices are too high so we need to subsidize them. Really, I kid not.

your choices for 2012: (a) this guy, (b) libertarian with history of racist newsletters (c) guy who uses the governor's office to promote protestant-only prayer day, (d) lady who wants intelligent design taught in science class.

The lesser of evils may be Ron Paul.

Mon, 08/15/2011 - 13:45 | Link to Comment narnia
narnia's picture

We would all, of course, be helpless people in a corner being exploited by the Soviet Empire or Sharia Law if the government were not fighting wars (I thought the Iraq war was over, Barak), involved in education, handing out free pharaceutical medical care, kicking in doors of organic farmers, fighting the war on drugs, and all the myria of regulations of the EPA & FDA & USDA & AMA. 

Mon, 08/15/2011 - 13:46 | Link to Comment TideFighter
TideFighter's picture

I want my tinnitus back.

Mon, 08/15/2011 - 13:48 | Link to Comment urbanelf
urbanelf's picture

Panem et circenses omnibus!

Mon, 08/15/2011 - 13:50 | Link to Comment AmazingLarry
AmazingLarry's picture

"Family's who've been 'strugglin'"

Yeap, he just said "strugglin'"

You got that right, fucknut...we ain't seen nuttin yet in terms of strugglin.

Ohhh look, honey...the fascist parade is coming to heartland Minnesota. It's history! Wish I was there to be witness to the FAIL of which this man is.

 

 

Mon, 08/15/2011 - 13:52 | Link to Comment SheepDog-One
SheepDog-One's picture

Obama still talking in theory about his potential presidency....like he hasnt been president for 3 years already. When are you going to leave CAMPAIGN mode, Mr Dickhead?

Mon, 08/15/2011 - 13:52 | Link to Comment ginunn
ginunn's picture

Does anyone listen to this guy? When he leaves the Oval Office he can follow Eliot Spitzer into the CNN newsroom. His style and level of analysis would probably be more comfortable where he seems to spend so much time - on TV.

Mon, 08/15/2011 - 13:54 | Link to Comment vast-dom
vast-dom's picture

"you can't be a free-rider" HAHAHAAAAAAAAAA 

 

just don't tax me and i'll afford my insurances.

 

taxation w/out representation

 

 

Mon, 08/15/2011 - 13:54 | Link to Comment Caveman93
Caveman93's picture

Socializm beeches!

Mon, 08/15/2011 - 13:55 | Link to Comment jmc8888
jmc8888's picture

Glass-Steagall is the only way out...and it is easy.

But that's not what dumbfuck Obama is talking about.  He's full of shit.  But we all knew that already.

 

But fear not, he doesn't actually feel that way, he was just reading his orders.

 

Glass-Steagall

Mon, 08/15/2011 - 13:59 | Link to Comment n9lhm
n9lhm's picture

Okay, I'll bite........ what is FTMFW?

Mon, 08/15/2011 - 14:09 | Link to Comment InMisesITrust
InMisesITrust's picture

For The Mother Feckin Win!

Mon, 08/15/2011 - 14:14 | Link to Comment n9lhm
n9lhm's picture

Okay, thanks :)

Mon, 08/15/2011 - 14:00 | Link to Comment Nothing To See Here
Nothing To See Here's picture

That deficit is all because of global warming I am sure. Solve global warming and you solve the deficit (and cancer, and polar bears, and Africa, and wars, and bad weather as well).

Mon, 08/15/2011 - 14:32 | Link to Comment pods
pods's picture

Rumor has it that it was in fact El Nino.

pods

Mon, 08/15/2011 - 14:05 | Link to Comment gwar5
gwar5's picture

What a douche.

The biggest spender in the history of the world actually says, 'solving the deficit is not that complicated'? 

 

 

 

Mon, 08/15/2011 - 14:05 | Link to Comment hunglow
hunglow's picture

How can you have any puddin if you don't eat your meat.

Mon, 08/15/2011 - 14:18 | Link to Comment In Fed We Trust
In Fed We Trust's picture

No comment .

Still trying to stop laughing.

Mon, 08/15/2011 - 14:18 | Link to Comment Caveman93
Caveman93's picture

I refuse to hear anything he has to say...ever again.

Mon, 08/15/2011 - 14:29 | Link to Comment NotApplicable
NotApplicable's picture

My goal is to never hear any preznit ever speak again, or any of the candidates (except, RP).

My ultimate goal is to not even know who they are. That way, when some evil-do(good)er voter starts complaining, I can interrupt them with, "Who? Never heard of them."

If it wasn't for the yard signs, I'd have no idea who holds the weapons of governance locally.

Mon, 08/15/2011 - 14:21 | Link to Comment Threeggg
Threeggg's picture

So easy, a caveman reading a teleprompter could solve it.

Mon, 08/15/2011 - 14:26 | Link to Comment Joebloinvestor
Joebloinvestor's picture

Number 2 on the list is peace in the middle east.

 

Duck soup for the annointed one.

Mon, 08/15/2011 - 15:52 | Link to Comment moonstears
moonstears's picture

We've spent enough money in the ME...annex the fuckers, withdraw troops, wait a year, then build "Disney Sahara Land", on the desolation, drill new oil wells through the "sea of glass/history of energy" area of the park, let Delta fly in American tourists on 13,000 MPH gliders. ME problem solved. Mission accomplished!

Mon, 08/15/2011 - 14:29 | Link to Comment Everybodys All ...
Everybodys All American's picture

4 more years ought to do it.

Mon, 08/15/2011 - 15:29 | Link to Comment thunderchief
thunderchief's picture

What do people really expect from this guy?  They should have handed him rubber pants, boots and a big snow shuvel to clean up 8 years of Bush F-ups.  Start shuveling all that shit Obama.  He's a 4 year janitor, and then you get 8 more years of right wing destruction.

Mon, 08/15/2011 - 15:40 | Link to Comment Reese Bobby
Reese Bobby's picture

There is only one political party you boob.  Obama-Romney 2012!

Mon, 08/15/2011 - 15:43 | Link to Comment wwwild
wwwild's picture

So, Did Obama ride the bus all the way from DC; or, did they fly it and him separately to the event?  It's not all about image and appearance, no not at all.

www

Mon, 08/15/2011 - 15:57 | Link to Comment ebworthen
ebworthen's picture

 

Apparently, this is an "official" Presidential trip, so they bought two busses with taxpayer money and flew him out to meet the busses with his entourage on Air Farce One.

They should call it the "Magical Misery Tour"

WilliamBanzai7 should have some fun with this one.

Gives "I am the Walrus" a whole new meaning.

 

Mon, 08/15/2011 - 15:52 | Link to Comment Ponzi Unit
Ponzi Unit's picture


Hey, can anyone please supply the link to the ENGDAHL piece on Rockefeller, oil, empire, and global finance?

Mon, 08/15/2011 - 18:12 | Link to Comment Hobbleknee
Hobbleknee's picture

Inflate the tires!

Mon, 08/15/2011 - 18:44 | Link to Comment KowPie
KowPie's picture

Kinda glad I missed this one. I was on a trip to town (all day event from here) and caught sound bites on the return on sat radio. I kept switching from station to station to avoid it and it was on EVERY FUCKING CHANNEL! 27 NEWS/TALK CHANNELS WITH ODUMBO BITES ON EVERY ONE. I almost drove through the guard rail over a cliff to get away from it. This guy is truly, uncategorically, undeniably an INSANE  NARCISSIST! ________ (insert deity of choice here) help us if Odumbo II plays in theaters in 2012.

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