July 08, 2010
— Ace If bankruptcy is your goal, I guess.
“But what is absolutely clear is that we are headed in the right direction — and that the surest way out of these storms we’ve been in is to keep moving forward, not back,” the president said in prepared remarks set for delivery at Smith Electric Vehicles in Kansas City, Mo....
Obama made the trip to Kansas City as part of his “recovery summer” tour, promoting efforts by his administration to quell concerns that the United States has not added as many jobs as promised and could be slipping into a second recession. While the unemployment rate fell in June, the government estimated that a net 125,000 jobs were lost that month.
“All of our efforts, taken together, are making a difference. A year and a half ago, our economy was shrinking rapidly; now it’s growing,” Obama said. “The economy was bleeding jobs; it’s now adding private-sector jobs, and has been for six straight months.”
Meanwhile, Obama posts the third-biggest single-day debt increase in American history.
The champion debt increase title is also held by Obama, as is the runner-up.
The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground.The one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007...
Daily debt calculations jump and fall, and big shifts are common. But all three of the biggest one-day debt increases have occurred under the tenure of President Obama...
On Wednesday, the Congressional Budget Office said the government has recorded a $1 trillion deficit for the first nine months of fiscal 2010, which began Oct. 1. That's slightly down from 2009's record $1.1 trillion deficit at this point.
Posted by: Ace at
11:14 AM
| Comments (102)
Post contains 337 words, total size 2 kb.
“But what is absolutely clear is that we are headed in the right direction — and that the surest way out of these storms we’ve been in is to keep moving forward,
Right, so the best way to get through a hurricane is instead of sailing around it, sail right into it.
I get it now.
Posted by: Blazer at July 08, 2010 11:18 AM (t72+4)
In other news...Pres. Pitching Wedge.....love it!
Although now I officially hate my handle. Obama has ruined golf for me. And I am channeling my inner O when I say it is really all about meeeeeeee!!!11!!!!
Posted by: laceyunderalls at July 08, 2010 11:19 AM (pLTLS)
Posted by: Another Stupid Typical Fucking Moonbat at July 08, 2010 11:20 AM (YmPwQ)
Posted by: B. Obama at July 08, 2010 11:21 AM (uKraB)
Posted by: Ronster at July 08, 2010 11:21 AM (UptE5)
Well total collapse of the capitalistic system is the first step in converting to Communism according to the definitive guide.
Posted by: MikeTheMoose at July 08, 2010 11:21 AM (0q2P7)
Posted by: jakeman at July 08, 2010 11:21 AM (8QmEC)
Cheapskate.
Posted by: Paul Krugman at July 08, 2010 11:23 AM (4RsUF)
Posted by: Vic at July 08, 2010 11:23 AM (/jbAw)
But what is absolutely clear is that we are headed in the right direction
Straight to Hell, just as I directed him to do.
Posted by: The Dark Lord at July 08, 2010 11:24 AM (gbCNS)
President Pitching Wedge? Not to get too golf-geeky, but I'm thinking President Shank, President Wormburner or President Duck-hook. His golf swing is hideous. (Not that there's anything wrong with that.) But for someone who plays as much golf as he does, jesus, get yourself some lessons, dude.
Posted by: jakeman at July 08, 2010 03:21 PM (8QmEC)
How about President John Daly ? Instead of actually playing golf, talk about how good he can play golf and sell t-shirts outside in the parking lot with a beer in his hand.
Posted by: Blazer at July 08, 2010 11:24 AM (t72+4)
Posted by: jakeman at July 08, 2010 11:25 AM (8QmEC)
the damn fools still support him but they know he is a chronic liar.
*ears perk*
did I hear somethin' 'bout da chronic?
Posted by: Prez'nint Fo Shizzle at July 08, 2010 11:27 AM (pLTLS)
Hasn't some public-speaking wonk on Zero's staff clued to the fact that everyone already knows anything that follows "absolutely clear" or "perfectly clear" is a total lie - ala "not one dime" ?
Enormous debt ? Check.
U6 unemployment (the one that counts the "under-employed" and "discouraged" over 16% ? Check.
Forecasts calling for either deflation or (somewhat more likely) anemic growth for the next 2-3 years ? Check.
Sounds like a recovery to me.
So why the hell do half the pundits at NRO and RedState still claim Barry's going to be re-elected ?
Posted by: societyis2blame at July 08, 2010 11:27 AM (V3HUX)
Posted by: joeindc44 at July 08, 2010 11:28 AM (QxSug)
Posted by: FreakyBoy at July 08, 2010 11:28 AM (uKraB)
Posted by: jakeman at July 08, 2010 11:31 AM (8QmEC)
Posted by: joeindc44 at July 08, 2010 11:32 AM (QxSug)
So why the hell do half the pundits at NRO and RedState still claim Barry's going to be re-elected ?
I'm not sure, but 2012 is still a long ways away, and people have short memories. If the economy is still in the toilet 14 months from now, he's probably gone. If there's a reasonably strong (even if temporary) recovery during that time, he has the incumbent advantage.
Posted by: Hollowpoint at July 08, 2010 11:33 AM (plsiE)
they look at people like you and me as nothing but personal piggy banks.
More like bacon banks. My elitist souls must be fed.
Posted by: The Dark Lord at July 08, 2010 11:33 AM (gbCNS)
Haha! You almost made me snort coffee out my nose!
Posted by: kurtilator at July 08, 2010 11:33 AM (juh4Z)
Look if there is any analogy to be made comparing Obama to any golfer it would have to be Payne Stewart.
What? Don't look at me like that. You know I'm right.
Posted by: laceyunderalls at July 08, 2010 11:34 AM (pLTLS)
Everytime i hear some pol talk about moving forward, not back, i think of Kodos from The Simpsons -
My fellow Americans. As a young boy, I dreamed of being a baseball, but
tonight I say, we must move forward, not backward, upward not forward,
and always twirling, twirling, twirling towards freedom.
-- Kodos gives a speech, "Treehouse of Horror VII"
Posted by: koopy at July 08, 2010 11:34 AM (awinc)
Stupid question, but with all the cuts in defense programs, homeland security programs, NASA and Medicare, you'd think we would have a huge surplus?
I really pray the GOP gets it together and wins back Congress so they can look into why all this money had to suddenly be spent and where the hell it went.
You should check out my new Cadillac. It's pretty sweet.
Posted by: Labor union boss at July 08, 2010 11:35 AM (plsiE)
I was thinking: Maria Sharapova. Wrong sport, but the right idea.
Posted by: AmishDude at July 08, 2010 11:35 AM (T0NGe)
If only that were the case - obama prefers sailing around in circles inside of it.
Posted by: Sharp Knives and Loud Guns at July 08, 2010 11:36 AM (l6isY)
Look if there is any analogy to be made comparing Obama to any golfer it would have to be Payne Stewart.
What? Don't look at me like that. You know I'm right.
Posted by: laceyunderalls at July 08, 2010 03:34 PM (pLTLS)
Crappy Gilmore
Posted by: Blazer at July 08, 2010 11:37 AM (t72+4)
Posted by: Shit at July 08, 2010 11:38 AM (O7Q1u)
Oh, Lacey...it's too soon.
Don't get me wrong, that was true heartache right there. I loved the man. And he was a class act--total antithesis of Obama. But the 'crash and burn' analogy is just so glaringly obvious!
Posted by: laceyunderalls at July 08, 2010 11:38 AM (pLTLS)
Posted by: Steve L. at July 08, 2010 11:41 AM (Gkhxf)
Obama said. “The economy was bleeding jobs; it’s now adding private-sector jobs, and has been for six straight months.”
What country is he talking about?
While the unemployment rate fell in June, the government estimated that a net 125,000 jobs were lost that month.
Absolutely headed in the right direction there skipper. So was the Titanic
Posted by: TheQuietMan at July 08, 2010 11:41 AM (1Jaio)
"Absolutely Clear" Economy Is Heading In The Right Direction
Ever notice that Bambi says exactly what he means if you just complete his nefarious sentence?
Posted by: 20/20 at July 08, 2010 11:43 AM (gbCNS)
I am reducing the debt by 3000%. 3000%, dammit! That's like heating an egg to 1,000,000 degrees - the temperature just a few measly miles under the Earth's surface. I mean, the profit and earnings ratios are already down to 23.yy-w.
What more do you Western devils want from me? And you people wonder why I hate you with the heat of the million degree furnace burning a few miles beneath our feet ...
Posted by: The Precedent, Nobel Lariat, Master of the Oceans, ... at July 08, 2010 11:43 AM (Qp4DT)
At the bottom, the other direction is by default the "right" one.
Posted by: Blacque Jacques Shellacque at July 08, 2010 11:44 AM (rXbvW)
His supporters are cool with his lying. The fuckers picture themselves to be "in on it."
Posted by: MikeO at July 08, 2010 11:44 AM (lBmZl)
“But what is absolutely clear is that we are headed in the right direction — and that the surest way out of these storms we’ve been in is to keep moving forward, not back,” the president said.
This sounds like the guy at the beginning of the Poseidon Adventure who was sure that the way to safety was going deeper under water toward the bridge. That didn't work out so well, as I recall.
Posted by: OCBill at July 08, 2010 11:47 AM (rFipM)
Posted by: joeindc44 at July 08, 2010 11:49 AM (QxSug)
I thought it was just me! Nice to know there's two of us.
So why the hell do half the pundits at NRO and RedState still claim Barry's going to be re-elected ?
Because enough dummies may fall for BO's re-election campaign theme "It took Bush eight years to fuck everything up, I need eight years to fix it"
Posted by: nightwitch at July 08, 2010 11:50 AM (SbaLN)
Obama made the trip to Kansas City as part of his “recovery summer” tour, promoting efforts by his administration to quell concerns that the United States has not added as many jobs as promised and could be slipping into a second recession.
In other words, Barry is out promoting things that he didn't do and telling people to STFU about it
Posted by: TheQuietMan at July 08, 2010 11:50 AM (1Jaio)
Posted by: Jack Bauer's Dad at July 08, 2010 11:53 AM (p0d2a)
Posted by: John "Studly" Boehner at July 08, 2010 11:54 AM (VXBR1)
Obama and Rahm took a crisis and turned it into an absolute disaster.
ObamaCare must be repealed or it will kill off what's left. (oooo that's the sweet pitching wedge plan)
Posted by: Lemon Kitten at July 08, 2010 11:57 AM (0fzsA)
Democrats are going to let the Bush tax cuts expire. Tax cuts that helped the economy, helped small business, and helped people keep their jobs.
Andrew Sullivan, with his diseased lying brain, is saying that Bush is about to raise taxes. That's right. Our ex-president is going to raise taxes.
How so, Sully? Your precious democrats are in power and they are the ones who will let the tax increases expire. & Democrats have promised to layer new ones on top. Not to mention that PelosiCare is just 2000+ pages of tax increases.
Posted by: Lemon Kitten at July 08, 2010 12:06 PM (0fzsA)
Impeachment, followed by conviction.
Posted by: Additional Blonde Agent at July 08, 2010 12:06 PM (PMGbu)
WASHINGTON (Reuters) – The Obama administration heads to court on Thursday aiming to reinstate a six-month moratorium on deepwater oil drilling imposed after the devastating BP Plc Gulf of Mexico oil spill, but blocked by a federal judge.
Feldman ruled last month that the Interior Department failed to adequately take into account the economic impact the drilling suspension would have on the industry as well as local communities.
The Justice Department, which appealed, will argue that Feldman wrongly substituted his judgment in place of Interior Department expertise and that the moratorium was narrow by only affecting drilling at 33 sites.
Like Barry and his gang care about economic impact.
Posted by: TheQuietMan at July 08, 2010 12:08 PM (1Jaio)
Finally, clear indicators why Obama will be able to count on the African American vote.
He has helped them beyond measureÂ…
Â… to become permanently enslaved by the government.
Dependency unfortunately, has its drawbacks.
Posted by: Hussein the Plumber at July 08, 2010 12:09 PM (RkRxq)
You remember what a sleaze bucket you thought Harry Reid was?
You havenÂ’t even scratched the surface.
Reid makes sleaze bucket wannabeÂ’s hearts melt for the realization that they can never begin to hope to reach the level of sleaziness that this guy achieves just by getting out of bed in the morning.
HotAir
Posted by: Hussein the Plumber at July 08, 2010 12:09 PM (RkRxq)
But what is absolutely clear is that we are headed in the right direction a clueless dumbfuck who doesn't know what a P/E ratio is and has never earned a single dollar in the private sector or produced anything of value has destroyed the world's greatest economy.
Thanks 52%.
Fuckin retards.
Posted by: Warden at July 08, 2010 12:09 PM (QoR4a)
Posted by: Jean at July 08, 2010 12:10 PM (3Ds00)
Posted by: Eric "The Brute" Cantor at July 08, 2010 12:12 PM (VXBR1)
Posted by: JackStraw at July 08, 2010 12:14 PM (VW9/y)
I heard part of this idiot's speech the other night where he babbled something about needing to carefully "balance" the economy.
Like he's holed up in some high tech lab with complex calculations written on see-through plexiglass, pushing buttons and pulling levers to achieve some perfect economic outcome.
What a poser douche. He knows as much about business and economics as my 4 yr old.
President Poser.
Posted by: Warden at July 08, 2010 12:14 PM (QoR4a)
'the surest way out of these storms weÂ’ve been in is to keep moving forward, not back.' - Capt. Blythe
Amazing that he has built more debt in one day than ALL of 2007! I'm sure C_nty Couric will point this out to all of her brain-dead viewers.
Posted by: Schwalbe at July 08, 2010 12:19 PM (UU0OF)
Never heard of 'em...
Posted by: Additional Blonde Agent at July 08, 2010 12:20 PM (PMGbu)
Posted by: Mitch McConnell at July 08, 2010 12:20 PM (VXBR1)
What's really depressing is it's going to get worse. Much, much worse
I decided to cut my political consumption by about 80%. I'm done trying to convince myacquaintances of how bad things are going to get. All they give a shit about is Dancing with the Stars, posting trivialities on Facebook, and fiddle fucking around with their Ipods.
May as well be shouting into the wind.
So fuck them. I have better things to do. It's not like we can turn back the storm at this point anyway. It's time to act or be acted upon.
I've started ramping back up on my 2nd job (freelance writing) after a brief respite. I'm socking away money, stocking up on freeze dried food and survival gear, and watching the macroeconomic situation carefully.
Things are going to suck, but they'll suck a lot worse for all the clueless dumbasses out there.
Posted by: Warden at July 08, 2010 12:21 PM (QoR4a)
Posted by: Sheets Byrd at July 08, 2010 12:23 PM (VXBR1)
Posted by: President B.O., suffused with manly musk at July 08, 2010 12:23 PM (w41GQ)
at Smith Electric Vehicles -- they are going to ride the green pony right into the ground aren't they.
Our Fearless Leader - Leading the way to a more Premising Tomorrow!
Better Living through Pretendustry
Posted by: garrett at July 08, 2010 12:24 PM (slnxs)
GM's Volt and Nissan's Leaf both have substandard performance numbers and a 100-milish range. Tesla's got the performance and range, but costs 100 fking k. And they all rely on a substandard, aging electrical grid.
Short Green anything. The public's had it with that shibboleth.
Posted by: societyis2blame at July 08, 2010 12:28 PM (V3HUX)
Posted by: Bugler at July 08, 2010 12:33 PM (VXBR1)
True, sadly. Although I don't see things being much better until more like 2-3 years from now, a zombie recovery just before the elections could push him over the top - supremely ironic in that the 2008 plunge got him elected and he's done nothing but poison the patient since then.
The Republicans need real candidates to step up ASAP, not the frontrunners-by-default we have now. Romney's albatrossed with RomneyCare, Palin's not ready and Newt's cruising on the fumes of 16-years-past glory.
Draft Ryan.
Posted by: societyis2blame at July 08, 2010 12:34 PM (V3HUX)
Posted by: JackStraw at July 08, 2010 12:34 PM (VW9/y)
I'm going to laugh at all these mindless dumbshits when their taxes go up in 6 months.
Child income tax credit? Oh, that's been cut in half. Marginal tax rates? Yeah, all those are going up ... for everyone, not just the dirty rich.
Capital gains tax? Up. Taxes on dividends? Up.
Enjoy, it 52%. You earned the misery you're about to experience. Especially all you fixed income folks.
Posted by: Warden at July 08, 2010 12:34 PM (QoR4a)
Posted by: critical condition Autumn at July 08, 2010 12:36 PM (8g9qq)
8 But for someone who plays as much golf as he does, jesus, get yourself some lessons, dude.
--------------
Why would he need lessons when he had the same instructor as the greatest golfer of all time, Kim Jong Il.
Posted by: Anachronda at July 08, 2010 12:36 PM (3K4hn)
Posted by: joeindc44 at July 08, 2010 12:37 PM (QxSug)
________________
Everyone knows you need to keep the boat headed into the wind.
Posted by: Anachronda at July 08, 2010 12:40 PM (3K4hn)
Posted by: Inigo Montoya at July 08, 2010 12:40 PM (AZGON)
Posted by: Lady in Black at July 08, 2010 12:43 PM (VBdpc)
If any household ran their finances the way democrats run the nation they'd be penniless and homeless in 30 days.
We can not sit by and watch these leftwing seditious bastards destroy this nation, unconstitutionally usurp power, grovel to our enemies and back stab our allies, dismantle our healthcare system and attack the wealth creators that create jobs- poor people do not create jobs, welfare checks do not create jobs as the dumbest woman in America- nancy pelosi- would have you believe.
If the Founding Fathers were alive today they'd have already hanged these leftwing bastards. At some point soon it's going to have to be open season on the democrat filth. Litter the streets with the demo0crat politician and union leader corpses and I guarantee the bastards in DC will find religion and begin adhering to the Constitution and undoing the liberal policies that have ruined this nation.
Posted by: The Great Satan™ at July 08, 2010 12:51 PM (BedzM)
Looking forward to that, and best of luck! (not that you'll need it)
Posted by: Jay in Ames at July 08, 2010 12:59 PM (UEEex)
____________________
Even if it's a typo, I like it.
Posted by: Anachronda at July 08, 2010 01:02 PM (3K4hn)
Posted by: 2549 at July 08, 2010 01:05 PM (kr1RX)
Posted by: George Orwell at July 08, 2010 01:09 PM (AZGON)
Posted by: BigDaddy1964 at July 08, 2010 01:10 PM (pOcKt)
Jay in ames,
A few years back I decided to see if I could take my two favorite hobbies--writing and poker--and make money at them.
I managed to succeed at both. I stopped treating poker like a part time job after the crackdown on online poker.
But I kept writing.
At first it was just content. Later, I studied copywriting (sales writing) and started writing sales letters for clients, which is far more lucrative.
It's still relatively small potatoes in the scheme of things because I don't have the guts to quit my full time job, but the extra income is nice. I just sock it into my IRA.
Plus I have the confidence that I can make money anywhere I go so long as i have my laptop and an internet connection.
I owe the guy who kept pushing me to write for money a debt of gratitude. He told me at least a half dozen times, "You should do this for a living."
The lesson is, if your friends keep telling you that you're good at something, believe them. Then find a way to make money from doing it.
Posted by: Warden at July 08, 2010 01:14 PM (QoR4a)
@ #75...while Paul Ryan would be acceptable (I've been a fan of his since I read about Fannie and Freddie sending "shadows" to his town hall meetings aout 4 years ago)-I truly think we need a candidate with conservative credentials and executive experience. When was the last time a sittingmember of the House of Representatives was elected president? I'm thinking Mike Pence but I could be persuaded...
Posted by: The Thin Man Returns at July 08, 2010 01:45 PM (W3XUk)
ugg...when first America I come, me no write good English. Meant to say that my "current" preference is the governor from Indiana, but I could be persuaded by any fiscally conservative (tax and spending cuts) with executive experience.
Posted by: The Thin Man Returns at July 08, 2010 01:48 PM (W3XUk)
Even Plato is cringing.
Posted by: Astrocanis at July 08, 2010 02:25 PM (GIMzg)
Posted by: sexypig at July 08, 2010 03:08 PM (0t7L8)
Wanna bet?? My money's on that exact thing happening - without a shot in anger.
If the Founding Fathers were alive today they'd have already hanged these leftwing bastards. At some point soon it's going to have to be open season on the democrat filth. Litter the streets with the demo0crat politician and union leader corpses and I guarantee the bastards in DC will find religion and begin adhering to the Constitution and undoing the liberal policies that have ruined this nation.
Posted by: The Great Satan™
You forget the less than useless opposition party. Best if the slate is wiped clean by public trials and hangings of those on BOTH SIDES as a "teaching moment" to those who would put their own interests ahead of The Constitution, The Country and We, The People.
Posted by: FORGER - Racist Czar at July 08, 2010 04:12 PM (E5Pqe)
Posted by: Rodney at July 08, 2010 05:17 PM (XRIh6)
Posted by: Case at July 08, 2010 09:16 PM (0K+Kw)
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Posted by: Robert Mugabe at July 08, 2010 11:17 AM (VXBR1)