Wednesday, May 12, 2010

Chutzpah of Obama

U.S. posts 19th straight monthly budget deficit (5/12/2010 Reuters)

"(Reuters) - The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.

"It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.

"Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years." [Emphasis is mine. The article continues.]

And yet...

Who's running Europe? Now Obama pressures Spain over cuts after whispers he advised Merkel on saving the euro (5/12/2010 Mail Online)

"Barack Obama is pressuring Spain to make austerity cuts as the European debt crisis rumbles on, it has emerged." [Emphasis is mine. The article continues.]

Austerity cuts pushed by Obama. Ahahaha that's rich.

Before Spain, he was harassing the German Chancellor into committing her country to saving Greece and other Club Med countries for the sake of European unity.

I'm curious to know what Prez Obama really said to the Spanish and German counterparts. "Don't worry, Ben is printing all the money you will need. After all, we're in this together..." ?


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