It’s been said that President Obamessiah’s economic plans need more time to bring us into sweet, sweet prosperity. And Obama’s already complaining about his treatment:
“I just want to make a little commentary about the media here, if you don’t mind,” Mr. Obama said this afternoon in Rio Rancho, NM, at a town hall meeting on credit card reform.
“When Congress included in last year’s budget a whole bunch of earmarks, you remember there was a week worth of stories about how terrible these earmarks were,” the president recounted. “You remember this…a week’s worth of stories: ‘Oh, these earmarks, this is what’s blowing up the deficit, this is terrible,’ blah, blah, blah.”
Continued the president: “And yet, as I said before, that was less than 1 percent of that entire budget that had been signed. When we find $17 billion worth of cuts in programs, what do the same folks say? They say, ‘Oh, that’s nothing.’…That’s not significant. That’s not important.’
“Well, you can’t have it both ways,” the president said. “If those earmarks were important, then this money is important, too.”
Follow the link to get the analysis. The TOTUS has also admitted that the U.S.’s long-term debt is unsustainable:
President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”
Earlier this week, the Obama administration revised its own budget estimates and raised the projected deficit for this year to a record $1.84 trillion, up 5 percent from the February estimate. The revision for the 2010 fiscal year estimated the deficit at $1.26 trillion, up 7.4 percent from the February figure. The White House Office of Management and Budget also projected next year’s budget will end up at $3.59 trillion, compared with the $3.55 trillion it estimated previously.
Well, he just needs more time! I mean, it’ll all turn out right in the end, right? So far it hasn’t.
If this is what the Obamessiah Brain Trust is capable of in just a few months, I think the last thing it needs right now is more time to do more damage.
I’m sure we could find some more dollars and cents in the budget, however, to throw poor, overworked Michelle Obama some scratch:
In Michelle’s last job, as a vice president of the University of Chicago hospitals, she earned $316,000 annually, almost double her husband’s salary as a U.S. senator. The job of first lady, on the other hand, has always paid exactly … nothing. But perhaps because Michelle Obama is so much more visible than her predecessor, Laura Bush, pundits have been debating whether the Harvard-educated lawyer deserves to pull a paycheck for her full-time duties as a public face of the Obama administration.
Michelle Obama is so much more visible because the American Butthash Media has been writing masturbatory paeans to her arms. And if she is, as the quoted article contends, taking on a more political role than traditional First Ladies, then she’s indeed as much a target as her husband. Just give it some more time and we’ll see how much she takes on. She can’t do any worse than Barack.