Rush Limbaugh often refers to president Obama as “the manchild”. The president oftens displays the characteristics of a child: temper tantrums, narcissism, failure to accept responsibility for his actions and the lack of sentient thought.
Consider the following excerpt from his press conference today as an example of the lack of sentient thought:
“If the United States government for the first time cannot pay its bills, if it defaults, then the consequences for the US economy will be significant and unpredictable and that is not a good thing,” President Obama said of the debt ceiling debate. “We don’t know how capital markets will react, but if capital markets suddenly decide, you know what, the US government doesn’t pay its bills so we’re going to start pulling our money out and the US Treasury has to start to raise interest rates in order to attract more money to pay off our bills, that means higher interest rates for businesses, that means higher interest rates for consumers. So all the headwinds that we’re already experiencing in terms of recovery will get worse. That is not my opinion – I think that’s the consensus opinion. And that means that job growth will be further stymied, it will be further hampered as a consequence of that decision.”
“These are bills that Congress ran up,” he noted. “The money’s been spent. The obligations have been made. So this is not a situation – I think the American people have to understand this – this is not a situation where you know, Congress is going to say, ‘Okay, we won’t buy this car or we won’t take this vacation.’ They took the vacation, they bought the car, and now they’re saying maybe we don’t have to pay or we don’t have to pay as fast as we said we were going to. That’s not how responsible families act. We’re the greatest nation on earth and we can’t act that way. So this is urgent and it needs to get settled.”
1. Yes Mr. president the consequences of redistribution for the US economy will be significant and unpredictable. And that is not a good thing.
2. People and governments have already started pulling their money out. Why do think Mr. Bernanke is so busy printing more dollars? Have you seen the US dollar index lately?
3. The headwinds and stymied job growth are the consequences of your administration’s failed policies.
4. Congress started running up the bills in 2007 when the Democrats gained control of both the house and the senate. Here is a picture to make it easier to for you to see.
Look in the mirror Mr. Obama if you want to see who destroyed America. But I agree with you that it is time to pay for the mistakes of our government.