An Additional $2.3 Trillion in Debt

IMPEACH OBAMA NOW!!!!!!

I wonder how the Bots are going to spin this.

This is no longer the debt Bush left us with. This is ALLLLLL Obama.

The tone and laughter at the disabled and special eds all over the world, block by block, neighbourhood by neighborhood, from the coastlines of Vietnam to the desert of Africa, from the injured military personel to the slow learning child, by Mr. Obama is as insensitive and fraudulent as the man himself.

Sorry Obamabots, your guy owns this now.
Maybe his good buddy Jay Leno can help dig him out this mess.

I am angry with the mainstream media, entertainment media and academia who got this buffoon elected. I can’t believe that the American people are that stupid -OR MAYBE THEY ARE!!!

Isn’t it his youth supporters who voted for him will inherit all this debt?
Do they know about this?

Hey, What happened to all the Libs on this site??

Hello…….the economy you thought was there ….was not an economy at all……it was all lies for decades. Get real. He’ll take the deficits…it’ll take all the money we can mustered to clean up the Mess left by the “right-wing Conservatives” with Graham as their front man for years, deregulating Wall Street, Banks and Big Businesses…..you remember him….the idiot that was McCain’s ‘financial guru” doing his campaign that said “we are a nation of whiners” when the wool was being pulled off of them by then candidate Obama. Are you that Dumb to think this economy is this bad in 60 days. Some of you Air heads just want to complain instead of ‘wanting to know the truth as any common sense person would. Obama will take all the Mess…and handle it..with regulatory structures in place. All that weren’t blinded by either his politics or race, yes I said Race understood crystal clear what he’s been saying for years. Why the Republicans are now the “dinosaurs”…..they know he knows the Truth of what has been happening in America. Stay Tune.

ALL THE ECONOMY NEEDS IS TO DROP THE CORPORATE TAX RATE DOWN TO AROUND ELEVEN PERCENT AND TO ELIMINATE THE CAPITAL GAINS TAX ALTOGETHER. IF THAT HAPPENED, IT WOULD BE BOOM TIMES IN THE USA, AGAIN. BUT, OBAMA AND COMPANY DON’T UNDERSTAND THAT. I AM AN AUTO PARTS DRIVER – NOT A BUSINESS OWNER – BUT I DO HAVE AN UNDERSTANDING OF ECON 101.

what ever they projected just factor in 25-50% WORTS after all the grand master plan take effect
congratulations obama sheeps
hope you have alot of cash.. wait cash will be worth less then..

Ya know, the silver lining in this whole train wreck is that I no longer want my son to go to an Ivy league…state college is fine…if this is what the ivy’s are spitting out…no thanks.
That outta save me a cool 250000, of course I couldn’t do it anyhow because my 529 was with CITIGROUP !!! Arrrggghh..

It’s that $150 million in AIG bonuses I’m steamed about!!!
So pathetic.

These numbers are so large that the general public simply can’t understand the gravity of the situation. And, incredibly, a large portion doesn’t seem to care.
We have been hit with a double whammy. First, we had Republicans in charge that totally abdicated their fiscal responsibility and started us on this road to ruin. There are still a few of these Republican felons in Congress porking every bill they can grab. They need to lose their political heads.
All of this set the stage for the ascendancy of the Dems. Can anyone of you among us claim that the Administration’s multi-trillion dollar budget is a good idea? What are the financial markets going to think when the government seeks to borrow $2 trillion dollars in the next couple of months. This is insane.
Contact your Congressmen and demand that they not spend another dollar!!

Many liberals complained about the cost of the Iraq war. The total amount for the 6 years in Iraq was less than 700 billion.
The “porkulus” bill was 800 billion.
AND just this week, the treasury “printed” more than a TRILLION dollars to add to the already 750 billion for “bailout” money.
AND..Obama wants to spend 1.2 TRILLION on health care..650 Billion on wind and solar in hopes to increase its use from 2% to 4% of our energy use…while opposing drilling for our own oil,
AND the Omnibus bill,
SPENDING IS OUT OF CONTROL

Hey…..things are hot……but Obama’s
COOOOOOOOOOOOOOL! Get it, America? This
guy is cooooooool. He’s hip, and the
youngsters love it. Some grown-ups do
too. It’s cool to be cool, but there is
a one-dimensionality to this guy.
His administrative choices (Geitner???)
are abysmal. Obama seems to choose
useless nerds (Gibbs???) to make him-
self look cooler than cool can be.
Time for us idiots to realise just
how cool our CinC is….he’s an
empty suit, but he’s your president.

Big deal. We are spending someone else’s money. Let em worry about it later.
Our Smartest Clueless Leader’s plan sounds good. Not?

The cost of cleaning up the Bush/Cheney mess now pushes the deficit over 11 or 12 trillion dollars. This is what Bush left us all!
His supporters in Washington are attempting blame the clean up costs on Obama.

I hate to ever agree with John McCain, but maybe we should examine cost cutting. I know it’s a novel idea, but maybe one worth noting.

Jimbo wrote: “ALL THE ECONOMY NEEDS IS TO DROP THE CORPORATE TAX RATE DOWN TO AROUND ELEVEN PERCENT AND TO ELIMINATE THE CAPITAL GAINS TAX ALTOGETHER. IF THAT HAPPENED, IT WOULD BE BOOM TIMES IN THE USA, AGAIN. BUT, OBAMA AND COMPANY DON’T UNDERSTAND THAT.”
It’s not quite as simple as that, but I understand your point. Greatly reducing the corporate tax rate and eliminating the capital gains will certainly generate investment. But it is essential that the American people regain their confidence in the financial system. It must be stabilized and Corporate America, small businesses and individuals must be able to get the loans they need to run their businesses, purchase autos and homes. Only then can we get the economy back on track.
Now as for “Obama and company don’t understand that,” I believe they understand that very well. The problem is they have a totally different agenda: The destruction of Capitalism through class warfare. They will do and say anything to demonize Corporate America.
Look at these AIG retention bonuses. President Obama, Treasury Secretary Geithner and Congress knew about these bonuses more than a month ago. Yet as soon as these bonuses are made public, President Obama, Treasury Secretary Geithner and Congress go ballistic in their outrage. This was purposely done to rile up the American people against these bonuses. And it has worked. And now employees of AIG are literally living in fear.
Small business owners you are their next target. When they bail you out, they will make sure that you spend the money the way THEY want you to. Not the way that YOU know will best stimulate the economy.

a trillion bucks more and whadaya get, another day older and deeper in debt…

Jimbo, Obama didn’t create this mess. He is trying to clean it up.
Posted by: El Pajaro | Mar 20, 2009 9:53:18 PM
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Get real!!! You are one of the ones that voted for this US Government Leach.
When it all comes down…remember you are one of the ones that condoned his behavior from the beginning of the campaign.

Lydia, you wrote: “Obama has nothing to do with the mess we are in…” Actually he did.
While the downturn in the housing market is frequently identified as the main cause for the economic downturn, it really only exposed the abuses which were the root of the problem. I am specifically talking about the federal government’s forcing the financial institutions to lower their lending standards and forcing them to (threatening them with heavy fines if they did not) give mortgages to individuals who could not afford to pay back the loans. Now that in and of itself, wouldn’t have resulted in this mess. But in addition to lowering their standards, these financial institutions also pushed the flexible subprime mortgage rates on their customers. When the housing market took its cyclical downturn, the value of the properties fell well below the balance of the mortgages. That’s when greed really entered its ugly head. The financial institutions (many of which had purchased these highly risky mortgages from other companies) began raising the mortgage rates, doubling and in some cases tripling the mortgage payments. And that is when the massive foreclosures began.
Now as for President Obama’s hand in this, he was one of the attorneys that represented ACORN in their various lawsuits against several financial companies using intimidation and extortion to force these companies to give loans to the poor. These companies would eventually settle with ACORN giving them millions to continue their efforts. President Obama, during the campaign tried to downplay his role with ACORN. However he actually held seminars and trained their new recruits.
BUT even more importantly, during the campaign Obama frequently called for the raising of the income tax rates on the wealthiest 1%-2%. Once it became clear that he was going to be the Democratic nominee, the wealthy began preparing for their tax hike and began to cut back on their spending. Then when Obama won the election, they almost completely stopped spending. THAT is when the job losses really took off. Just look at the numbers.