President Obama, Comic Genius, Says His Own Spending Is Headling Country Toward Disaster!

You may have missed it, because the mainstream media pretty much ignored it, but President Obma (who regularly endorses what this blog says--see archives) made one of the very same points made in the previous blog entry in the course of his Town Hall event in New Mexico on Thursday.


Yep. President Obama turly is a comic genius. He mad ethe same pessimistic point that I made in the previous entry: namely that our country is headed for absolute DISASTER. President Obama said that if we continue spending like we are, the result well be economic ruin (no joke--by me--although an hilariious joke by President Obama). President Obama detailed the evils of this kind of government spending, including exploding interest rates now being avoided only by the Fed purhasing the government's own bonds, as we buy our own IOUs). The concluded that we could not sustain the present level of government spending without total disaster. (Note how the Stupidest People on Earth---the people on Wall Street--have pushed an insane 30% stock market rally in the face of this disaster President Obama is warning against, and in the face of the fact that any measures taken to stop this disaster will likely DERAIL any mild recovery in prospect.). Obama noted own INSANE it is to rely on Chian, and other countries, to finance this enormous spending.


Note the true comic geinius here. President Obama said the above things as if he had nothing to do with the present level of spending. Of course, not only has he spent more than Republicans (getting religion way too late) now want to spend, but he has voted for President Bush's spending!!!!!! You have to agree the man is FUNNY. I had trouble typing this entry, because I was laughing so hard.


We can't sustain the present level of government deficits and spending? ..................Sorry, I was rolling on the floor laughing. About a week ago President Obama proposed his 2010 budget, where he "cut" the budget by LESS than 1/2 of 1%--17 billion dollars out of a 3.55 TRILLION dollar budget (disregarding likely "emergency", off-budget spending and Congressional dodges around the budget).


You may have thought my pessimmism in the previous entry was etreme. President Obama himself is making the case that I was not pessimistic enough. There is NO evidence that we are going to reduce our present level of spedning (which Obama says will be disaster). Further, we have already committed to spending so much that the evils Prfesident Obama warned about are already inevitable.


P.S: I am perfectly aware that President Obama will take the position, comic genius that he is, that his own spending was "necessary", and that his masterful "central planning" will reverse the present trend in time to "save" us...................Sorry, I was laughing again. Merely trying to restate Obama's positioon virtually makes me a comic genius. Laughter is the only appropriate reaction to these absurdities!!!!!