Now I get it. Obama's idea of transparency is to make everything invisible until it doesn't matter anymore. Did he learn it from the media covering his background, positions and lack of experience during the campaign, or teach it to them? That's what I want to know.
More honest and open communication from the secretive Obama administration. Things must be really bad if these braggarts and blowhards are hiding their promised budget update.
SPENDING SCARED: WHITE HOUSE PUTS OFF RELEASE OF BUDGET UPDATE...
RECOVERY.GOV // AWARDED: $2,531,600 FOR 'HAM, WATER ADDED, COOKED, FROZEN, SLICED, 2-LB'...
RECOVERY.GOV // AWARDED: $1,191,200 FOR '2 POUND FROZEN HAM SLICED'...
RECOVERY.GOV // AWARDED: $351,807 FOR 'REPLACE AND UPGRADE THE DUMBWAITER'...
RECOVERY.GOV // AWARDED: $1,562,568 FOR 'MOZZARELLA CHEESE'...
RECOVERY.GOV // AWARDED: $5,708,260 FOR 'PROCESS CHEESE'...
RECOVERY.GOV // AWARDED: $16,784,272 FOR 'CANNED PORK'...
RECOVERY.GOV // AWARDED: $1,444,100 FOR 'REPAIR DOOR BLDG 5112'...
PORKERS 101 !! OINK OINK !!!
Posted by: WBestPresidentEver | Monday, July 20, 2009 at 11:02 AM
Well, when you mix a Marxist thug and a Chicago politician, you get a secretive type of thug. Bad economic news that will undo the Ooover? Tell me no!
Posted by: Plumpplumber(balding) | Monday, July 20, 2009 at 11:42 AM
His birth certificate is also invisible
Posted by: Jimmy | Monday, July 20, 2009 at 12:00 PM
wh had previously projected growth of 11% on gdp, from it's peak, at the end of 2012.
they won't get growth above 4% in the same time span, assuming 1.5% yearly growth, starting next year.
their current refusla to relaes the data projections?
so many thresholds have been crossed...
8% unemployment was going to be the peak after the stimulus? we know that theory is a 'goner'.
the problem is that the admin HAS CROSSED the 2 trillion dollar deficit...things are a little more expensive than advertised, and revenue is far weaker than they had hoped for. They can't report a 2 trillion dollar deficit, while simultaneously seeking to garner another trillion in debt for healthcare.
the biggest problem is that obama is well over the 10 trillion mark for debt in his two terms. payment on the servicing of the debt we are running will be exceeding our defense budget, before obama can finish his second term.
worst case scenario?
it is very possible that obama will not only break 10 trillion of debt for his two terms, but now is easily in the 15 trillion range.
what is a 15 trillion dollar debt? that's 5 years worth of the budget put forth by bush in 2008.
the greatest timing in history award must be given to the obama admin:
how else does the 'one' come to power in the face of a finanical crisis, based upon rosy projections and a society living beyond its means, and seek to continue with rosy projections and greater debt on a nation that is going broke?
Posted by: mark l. | Monday, July 20, 2009 at 12:14 PM
some simple math?
3% of a 25 trillion total debt is 750 billion.
it basically means that when we hold a debt of 25 trillion, we would have to allocate 3% a year to keep pace with its maturation.
I am being kind on the 3% rate, as the reality of what a loser us treasury securities will be, will force 4-6% yields, just to attract buyers aware of the risk.
buyers eventually dry up, going with far more attractive investments. the solution, that obama will have to go to in less than three years? print the paper, and payoff the debts. the dollar falls to 1/10th its value, and we pay 10 times the going rate for oil purchases, finally destroying our economy, until domestic production can offset supply demands.
obama was pretty comfortable floating the word "depression". we are on track to fall even harder than the thirties, if the admin would take the time to back up, and look at what they are doing, they would realize that there is no alternative outcome. if you embark on programs that cost 3 trillion in the hopes of saving 2 trillion, you are running a bad govt. much like wall street, the quarter to quarter psychology is blinding them to the year to year realities.
Posted by: mark l. | Monday, July 20, 2009 at 01:00 PM
I thank God every day I am 47 years of age instead of 17 years of age; I feel sorry for the kids, throughout their tender earning years instead of growing prosperous they'll be growing impoverished paying off the tab for the big party thrown today.
I remember way back when my ggggggeneration said we'd never want be to over 35 and old; today I'm over 35 and thankful I'm not young.
My, how times have changed.
I'll say it again, I feel sorry for the kids; sad that they'll have nothing to live for except paying off Obama's debt.
Posted by: syn | Monday, July 20, 2009 at 01:48 PM
Ham? Bacon I could understand, cuz bacon is awesome, but ham?
Posted by: PA | Monday, July 20, 2009 at 01:59 PM
Mark,
They are "looking" at what they doing, they just see something that isn't there. Massively illogical delusional thinking is nothing new to humans or nations or individuals. People have refused to believe the facts in front of them for millenium if they didn't jive with whatever worldview was current at the time.
The people running the government absolutely believe that without the stimulus things would be worse. An objective look at the data shows this to be patently false, other than possibly helping to prop up bankrupt states in the short term, whether this 'helps' or hurts the economy is debatable. They also absolutley believe that universal health care is going to magically decrease the costs of healthcare even though there are no meaningful cost containment measures included in the program. They believe it because it fits their view of the world and themselves as doing good.
When this all falls apart as it will, they will still not admit, at least not most of them, that it was all totally predictable if you looked at the data in a realistic, non ideological manner. They will blame it on a host of other variables, the same way they blame educational failures, skill gaps, crime rates etc. on mysterious unknown variables that cannot be quantified. This is false, delusional thinking but it doesn't matter and has never mattered. It didn't matter when Republicans were in charge and it doesn't matter now.
Posted by: Anon | Monday, July 20, 2009 at 02:28 PM
didn't their parents read them children's fables?
goose that laid the golden eggs, the little boy who cried "depression", or the cricket and the grasshopper?
we need golden eggs, not dead geese.
Posted by: mark l. | Monday, July 20, 2009 at 05:30 PM
At a press conference today Joey 'Hair Plugs" Biden reiterated his call for more spending.
"If each American would just buy one or two pounds of boiled ham or cheese each week, we could see a dramatic shift in our ecomonmy."
Posted by: JustOneMan | Monday, July 20, 2009 at 05:45 PM
Behold.... America's coming judgment and economic collapse, because she has turned to idolatry and has rejected the True and Living God, whose Name is Jesus:
"-----
1 And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory.
2 And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird.
3 For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.
4 And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.
5 For her sins have reached unto heaven, and God hath remembered her iniquities.
6 Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double.
7 How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow.
8 Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.
9 And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning,
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more
-----"
(Revelation 18:1-11)
Posted by: seekeronos | Tuesday, July 21, 2009 at 02:28 PM