Obama regrets 2006 vote against raising debt ceiling

Video - White House Briefing - Apr. 11, 2011

White House press secretary Jay Carney reiterated Monday that President Obama "regrets" his vote in 2006 against raising the debt ceiling.

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Obama on the national debt in 2007...

Try not to spit on your monitor as you listen to the hypocrisy.

Comments

[Daily Bail]

The Official, Politically-Correct Cause of the 'Civil War'

http://www.lewrockwell.com/dilorenzo/dilorenzo206.html

This is a great read...

[LiberatedCitizen]

Even with the warning some of my Diet Coke came up lol. To look at how government spending is impacting GDP in the US see this chart.

http://market-ticker.org/akcs-www?get_gallerynr=962

"The government has no money, it only has what it can tax the people. When it wants to spend more than the revenue it generates it borrows this money. However, that borrowed money has to be repaid and the only way it can do this is by taxing in the future.

So when the government borrows money and pumps it into the economy, it can make the GDP numbers go up and make the economy appear stronger than it actually is. In essence the government is borrowing GDP from future years to make GDP in the here-and-now go up. However, this is all false because eventually that borrowed money has to be repaid through higher taxes (with interest) and all that ‘gained’ GDP will have to be given back."

He is talking about the U.K. but the same is true here.

http://www.goldmadesimplenews.com/gold/a-look-at-the-uk%E2%80%99s-%E2%80%98real%E2%80%99-gdp-3448/

[LiberatedCitizen]

Obama can't even recite without a teleprompter just wait until the fake job reports get out

Faux job numbers could lead to real trouble

http://www.nypost.com/p/news/business/faux_job_numbers_could_lead_to_real_3zKnIS84fd4XYOLbEK48GL

A Financial Crisis in 2012 is Inevitable! Here’s Why

http://www.munknee.com/2011/04/a-financial-crisis-in-2012-is-inevitable-here%E2%80%99s-why/

[Robert G.]

Truth Bombs...

[Just Like Trump]

The truth is out there.

[Just Like Trump]

p.s. I am loving all the Obama is a fraud stories. Thanks dude.

[ain't bullshitt'n]

How many regret voting for HIM?.....It's a bunch....Ya Betcha'....AB

[Cheyenne]

LiberatedCitizen--

Thanks for the Crudele link. He's gotten a lot better covering this stuff, and he's been pretty good for awhile now. That piece is marred only by its headline--Faux job numbers--which I'm sure isn't what JC would've called it. Otherwise it's in the same cut-to-it vein as Royko.

[Oberron4life]

ooooh, big words spoken in an authoritative manner. They must be true.

Except they stand in stark contrast to the big words, spoken in a loud, authoritative manner he said last week (year.)

Make him go away...

Come to think of it, he's doing a pretty amazing job of that himself. Bye, bye, Obama...

[Texas Dar]

Well, at least he is a true Lyeing Democrat. For 8 years all you would hear is how G"W"B, was expanding goverment. By the time Obama got in to save us from this madness, Bush helped goverment grow by 135%..........

Then, "The Wizzerd of O-Bama Oz" gets in and dose in 2 years what it took G"W"B 8 years to do. We realy need to go back to whAre goverment was before "Baby- Boots", got into office.

I realy hope "The Donald" is real and digs up a shit load on Obama.