Saturday, February 26, 2011

Obama Threatens (Again) Economic Disaster Unless Congress OKs New Spending Plan

Meanwhile, in "the land of the free and the home of the brave", the federal government, or rather, President Obama himself, is threatening the citizens with an economic disaster if his government is forced to shut down without the spending agreement in Congress.

Obama and his underlings (Geithner, his budget director with an unpronounceable name, for example) have been threatening the citizenry with one "catastrophe" after another unless they get what they want, ever since they gained power.

But wait, haven't I seen this kind of behavior somewhere else, recently?

Yes I have. I think Egypt's Hosni Mubarak said it, that Egypt would descend into chaos if he wasn't the president. I think Libya's Muammar Gaddafi said the similar thing.

Oh well. No one in the US pays a bit of attention to this guy any more, and life goes on with Ben Bernank printing like a mad professor that he is, exporting inflation abroad and becoming an accidental revolutionary spreading democracy in northern Africa and Middle East (and Asia next).

From AP:

WASHINGTON (AP) -- President Barack Obama says the economic recovery will stall if Congress can't agree on spending cuts and avoid a government shutdown.

The current budget expires next Friday. That means lawmakers must OK a new spending plan before the March 4 deadline to keep much of the government from running out of money and closing. The Republican-run House and Democratic-controlled Senate are bickering over how much to cut.

"For the sake of our people and our economy, we cannot allow gridlock to prevail," Obama said Saturday in his weekly radio and Internet address. "I urge and expect them to find common ground so we can accelerate, not impede, economic growth."

What economic growth?

For this man who has never worked a single honest day in his adult life in the private sector, the government squandering money on useless projects is economic growth.

But no matter. Along with Japan, this country will be the dead last to catch on to the idea that it is the government that is the impediment to economic growth, and to freedom to pursue economic growth.


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