Well don’t that beat all? Did the Won just now get around to reading his Econ 101 briefing book?
And why did the President have to go to China to lecture us on the inherent problems with deficit spending?
President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.
With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.
…"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.
Just a couple thoughts: first, what recovery, Mr. President? Just because Joey pronounces it, doesn’t mean it’s real. Check your statistical reports. They’re anemic.
Secondly, if he knows deficit spending is likely to cripple us further, how can he possibly justify the course he’s got this country on? Healthcare reform that only a moron would believe is going to be funded by the stated sources, and a cap and trade plan that - in addition to being stupid 10 ways to Tuesday – will cost individuals and businesses an arm and a leg while accomplishing nothing (other than further delaying the development of future energy needs).
For the love of God, this man even makes Jimmy Carter look smart.
But I guess we see why he doesn’t like to talk to Fox News. They always make him look bad.
whiney baby h/t Tammy Bruce