Stupid President says the dumbest things

[Mr. Shaman]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that



President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

It is not a stupid statement at all; it's an accurate depiction of reality. If some of you had any clue about economics you would understand that the only real deficit crisis we face is the one caused by long term liabilities due to future SS and Medicare spending. The vast majority of our current deficit is due to high unemployment. We are taking in much less than normal and paying out much more than normal all for the same reason, because so many people are out of work. The problem is that cutting taxes is not the answer to getting people back to work, because it will actually create bigger deficits and lead to less government spending, which is a good percentage of the economy.

If you look back at how Ronald Reagan worked us out of the recession in the 80's, you will see that a big part of his solution was to increase government spending, not to cut it. Maybe Reagan wasn't the ultra conservative you all thought he was.

The Deficit: Not as Bad as They Want You to Think - Bloomberg

The trick is not to increase spending at a rate which exceeds the growth of the economy.

Reagan succeeded, Obama is failing miserably.

Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiight....​

March 19, 2002

The REAL Reagan Legacy​

"Let's begin our examination of the real Reagan Legacy by taking a look at myth number one: Democrats dominated Congress all through Reagan's terms, and called all his budgets Dead On Arrival.

That's numerically and historically false."

 

[The2ndAmendment]

What's it "crushing"?

http://www.usmessageboard.com/politics/283372-the-national-debt-mortgaging-our-future.html

Again..what's it crushing.

And who did you vote for in 2000 and 2004?

I voted for Obama in 2008 and 2012, I was under 18 before 2008, although I would have voted for at the time and believe to this day that the Federal Courts extended their boundaries beyond the Constitution to interfere with the 2000 election.

---------------------------------------------------
Obviously you didn't read the link OR are unable to comprehend what you read. The facts are from the CBO! You can start with the fact that it's crushing INFRASTRUCTURE like high-speed-rail and basically everything else we need to move into the 21st Century.

However you're a real political hack, so why bother replying to you after this? There are a lot of spinster posters like JoeB131 who do it on their own time, but I'm convinced that you're an actual media hack.

 

[boedicca]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that

“We don’t have an immediate crisis in terms of debt ” * * * “In fact, for the next 10 years, it’s gonna be in a sustainable place.”

President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

What is the immediate crisis of our debt that we need to jeopardize the economic recovery?

The fact that our debt exceeds our GDP is a crisis.

And the fact that you don't understand this is further proof (not that we really need any) that you a Complete And Utter Ignoramus.

 

[boedicca]

It is very simple.

We can set the terms of our austerity today; or China, Japan, Brazil, and the United Kingdom will set the terms of our austerity tomorrow.

Actually..

That will happen if we don't invest in education, infrastructure and new tech.

They definitely will be eating our lunch.

Spending money we don't have is not Investment.

Just sayin'.

 

[Stephanie]

obama feels confident in spouting the most irrelevant nonsense because he knows he has a complicit media to support him.

And a base that is too stupid or just doesn't care what he says or does..they just think he is swell

 

[rightwinger]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that



President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

What is the immediate crisis of our debt that we need to jeopardize the economic recovery?

The fact that our debt exceeds our GDP is a crisis.

And the fact that you don't understand this is further proof (not that we really need any) that you a Complete And Utter Ignoramus.

Pulling money from the economy to pursue austerity creates more of a crisis and stifles growth

 

[g5000]

What is the immediate crisis of our debt that we need to jeopardize the economic recovery?

The markets don't give you a warning before they start demanding higher interest on the loans they make. History shows that such changes are sudden and ferocious, and occur when debt to GDP exceeds 90 percent.

Guess where we are now.

And as someone pointed out, Obama said in 2008 our national debt was a threat to our national security.

Now that we are SIX TRILLION DOLLARS MORE IN DEBT than when he said that, how is our national security suddenly not threatened any more?

Just curious..

What was the interest rate historically when debt to GDP exceeded 90% ?

Reagans debt was payable at a rate over 10% it is now around 1% interest

You remind me of someone who has fallen out of a 30 story window who says, "I'm fine!" after falling the first 20 stories.

Reagan came into office with over 14 percent interest being charged on 30 year Treasuries. They were much lower after he left, and have been dropping steadily ever since.

They are now at 3.2 percent, not 1 percent.

And as I said, everything hums along nicely, until the BANG moment when creditors lose faith in the credit of the debtor. Then rates will explode.

And all those trillions of dollars of bonds the Federal Reserve has been buying to float us through the crash will suddenly be below par. What do you think happens then?

 

[Dugdale_Jukes]

The thread header implied the subject was that ratty little traitor Junebug Bush. Must be some kind of joke comparing any other president to the bucket of whorehouse slop where Junebug's brain is believed by some to be.

 

[rightwinger]

The markets don't give you a warning before they start demanding higher interest on the loans they make. History shows that such changes are sudden and ferocious, and occur when debt to GDP exceeds 90 percent.

Guess where we are now.

And as someone pointed out, Obama said in 2008 our national debt was a threat to our national security.

Now that we are SIX TRILLION DOLLARS MORE IN DEBT than when he said that, how is our national security suddenly not threatened any more?

Just curious..

What was the interest rate historically when debt to GDP exceeded 90% ?

Reagans debt was payable at a rate over 10% it is now around 1% interest

You remind me of someone who has fallen out of a 30 story window who says, "I'm fine!" after falling the first 20 stories.

Reagan came into office with over 14 percent interest being charged on 30 year Treasuries. They were much lower after he left, and have been dropping steadily ever since.

They are now at 3.2 percent, not 1 percent.

And as I said, everything hums along nicely, until the BANG moment when creditors lose faith in the credit of the debtor. Then rates will explode.

And all those bonds the Federal Reserve has been buying to float us through the crash will suddenly be below par. What do you think happens then?

When the economy goes BANG

Aren't the existing rates of 30 year Treasuries honored at the 3.2% rate?

 

[g5000]

When the economy goes BANG

Aren't the existing rates of 30 year Treasuries honored at the 3.2% rate?

The Federal Reserve buys bonds to provide cash to Congress when Congress spends more than they take in in revenues, and to inject liquidity into the markets.

When inflation starts to climb, the Fed sells those same bonds to soak up the extra liquidity and then burns the money. It destroys the money that it had injected.

Well guess what happens when the price of bonds plummets (interest rates go up) and the Fed is holding a bunch of high-priced bonds (bonds with low interest)?

They can't sell them. No one wants to buy them unless the Fed sells them at a loss. Which means they can't soak up as much of that inflationary money as they need to.

The Fed is sitting on trillions of dollars of this potentially toxic shit. And you thought the subprime bubble was bad?

 

[Freewill]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that

“We don’t have an immediate crisis in terms of debt ” * * * “In fact, for the next 10 years, it’s gonna be in a sustainable place.”

President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

He's right.

Are you kneeling towards Washington when you post such things?

 

[Harry Dresden]

and your a clown with no credibility

.....am i the only one that sees this?......oh my lord....

 

[Rinata]

Obama is such a mental void that he is quickly approaching TderpM status.

The fact that you would even try to sell such crap makes you look like an absolute idiot. If there is one thing President Obama is not, it's dumb.

 

[Ava]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that



President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

Bob Woodward might be right, we have a genuine madman in the White House

Woodward was right on point. We have a genuine madman in the white house. He is flinging out the lies like an orangutang flinging its own poop.

He didn't have a thing to do with cancelling the white house tours. He WANTED them to continue, but alas, the poor powerless man was overridden by his staff. No doubt the staff insisted on a multimillion dollar birthday bash for big moo too.

Obama is really nothing more than a common shill capable of leading his sheep to slaughter to advance his own narcissistic agenda....

 

[Harry Dresden]

Stupid President says the dumbest things

Absolutely!!!!​

"It's very interesting when you think about it, the slaves who left here to go to America, because of their steadfast and their religion and their belief in freedom, helped change America." - Dakar, Senegal, July 8, 2003

BUSHISMS - An American Tradition​

you should stay out of a thread about people saying stupid things Sheman....

 

[Harry Dresden]

The thread header implied the subject was that ratty little traitor Junebug Bush. Must be some kind of joke comparing any other president to the bucket of whorehouse slop where Junebug's brain is believed by some to be.

i thought it was about that little rascal too.......

 

[IlarMeilyr]

Obama is such a mental void that he is quickly approaching TderpM status.

The fact that you would even try to sell such crap makes you look like an absolute idiot. If there is one thing President Obama is not, it's dumb.

Wrong. He's pretty fucking dumb.

And you witless liberals are "taught" otherwise and willingly lap up the slop, ignoring the evidence of what a moron he actually is.

If there's one thing he's not, it's being anywhere near as intelligent as you silly liberals choose to believe.

 

[Stephanie]

Obama is such a mental void that he is quickly approaching TderpM status.

The fact that you would even try to sell such crap makes you look like an absolute idiot. If there is one thing President Obama is not, it's dumb.

No he might not be dumb but he's not very bright he can't pronounce the branch of the military he is in charge of and calls them, Corps-men..but one thing Obama is, he is evil, hateful, hates most of us and our country to where he thinks he need to, transform it

 

[Sallow]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that



President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

He's right.

Are you kneeling towards Washington when you post such things?

First off, I never kneel. That's a religious thing. I'm an atheist.

Second off..what the fuck does that have to do with anything?

 

[Sallow]

When the economy goes BANG

Aren't the existing rates of 30 year Treasuries honored at the 3.2% rate?

The Federal Reserve buys bonds to provide cash to Congress when Congress spends more than they take in in revenues, and to inject liquidity into the markets.

When inflation starts to climb, the Fed sells those same bonds to soak up the extra liquidity and then burns the money. It destroys the money that it had injected.

Well guess what happens when the price of bonds plummets (interest rates go up) and the Fed is holding a bunch of high-priced bonds (bonds with low interest)?

They can't sell them. No one wants to buy them unless the Fed sells them at a loss. Which means they can't soak up as much of that inflationary money as they need to.

The Fed is sitting on trillions of dollars of this potentially toxic shit. And you thought the subprime bubble was bad?

The only thing that makes them "toxic" is when people start monkeying around with the full faith and credit of the United States.

T-Bills, by the way..still are selling at a brisk rate.