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GOP predicts doomsday if Obama budget passed

March 23rd, 2009 . by TexasFred

GOP predicts doomsday if Obama budget passed

WASHINGTON (AP) - Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama’s massive spending blueprint wins passage.

But a White House adviser dismissed the negative assessments, saying she is “incredibly confident” that the president’s policies will “do the job” for the economy.

In a TV interview, Obama himself laughed when discussing the dire state of parts of the economy - and ascribed his laughter to “gallows humor.”

White House Council of Economic Advisers chairwoman Christina Romer insisted that the nation’s flailing economy will be rebounding by 2010.

Full Story Here:
GOP predicts doomsday if Obama budget passed

‘Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama’s massive spending blueprint wins passage’, I am pretty well convinced that this IS the plan from Obama and Company.

Obama and his herd of hooligans are letting their mouths write checks they they expect OUR asses to cash, ours, our kids, their kids, their kids kids, into infinity. You don’t just print more paper and call it money, it’s NOT money, it’s paper and it’s damned near worthless. but the Obamessiah doesn’t know that apparently. His little lap dog Timmy Geithner has NO clue, he still thinks it just a *print some more thing* I believe.

Who can possibly believe that this bullshit The Obamessiah is handing out can work? For crying out loud, it just keeps on getting worse with ever news cycle, Treasury’s toxic asset plan could cost $1 trillion. Many people can’t comprehend a million dollars, once it gets to billions and trillions the comprehension level decreases appreciably. To give you an example that most folks really can grasp, $1 million will buy you 7 very nice 18 wheelers, most of the bells and whistles and the 1st tank of fuel for each rig. Folks just can’t grasp how much money that really is when it hits BILLIONS. The *pay back* is really out of their reach. I am convinced that Obama, and quite likely every dumbass that works for him can’t even comprehend what they are doing, and have already done, to this nation.

Little Timmy Geithner looks like he’s lost every time you see him, 1st he doesn’t know about the AIG bonuses, then he DID know, he was seriously messed up on his own tax filing and HE is the guy that’s supposed to inspire confidence in the Obamessiah Money Plan? He’s the head of the treasury? God help us ALL!

America is being raped and pillaged by the Obama administration and ALL of his minions, and before the libber-pukes have a cow, I know, Obama didn’t put this catastrophe into play, but he IS making it even worse, and he’s doing it so fast, with so much shuck and jive, I honestly don’t know if he thinks we won’t notice or if he’s just playing it so loose that even he has no idea of what to do next!

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9 Responses to “GOP predicts doomsday if Obama budget passed”

  1. comment number 1 by: Bloviating Zeppelin

    Sorry Fred, it’s not just $1 trillion — the Congressional Budget Office estimates $9 TRILLION:


  2. comment number 2 by: TexasFred

    BZ, I know that, the simple TRILLION, not plural, is the cost of just the Toxic Assets, not the entire budget…

  3. comment number 3 by: Bloviating Zeppelin

    And “toxic assets” — surely that’s something the US needs to get involved in, eh Fred? What about MY bills?


  4. comment number 4 by: TexasFred

    BZ, Exactly…

    It’s all about that slice of cheese…

    And the possibility of anarchy looms ever closer…

  5. comment number 5 by: Texman

    Read this Rolling Stone article for some hard-hitting facts about what’s going on

    The big takeover

    Mar09 AIG back story. The global economic crisis isn’t about money - it’s about power. How Wall Street insiders are using the bailout to stage a revolution
    Excellent article with smart-ass style and some four letter words. Describes breakdown of governance in financial system and how those from Wall Street are now calling the shots from Obama administration and rewarding their pals.

    Then head over to Alex Jones’ excellent documentary released 15 March, “The Obama Deception,” and you’ll understand that we are witnessing a coup in progress with BHO as the salesman.

    The Obama Deception movie site

    watch online

  6. comment number 6 by: TexasFred

    WASHINGTON-U.S. Sen. John Cornyn, R-Texas, a member of the Senate Finance Committee, today issued the following statement regarding the Administration’s plan to deal with toxic bank assets: “The Administration’s first priority must be to fix the ailing financial market that small businesses and families rely on everyday to get a mortgage or loan to pay for their children’s education. I am glad their plan has finally arrived so that Congress can examine it in detail. It is my hope that the Administration has learned from recent history and this plan has the proper transparency and accountability measures in place. Since inauguration day, the Administration and Democrat leaders have operated under a veil of secrecy, eschewed bipartisan input, and spent more than $1 trillion without crossing their ‘t’s’ and dotting their ‘i’s.’ The Administration must provide detailed information regarding who will be buying and selling the toxic assets, an assurance of tangible taxpayer protections, and how this plan will explicitly solve the pricing problem for these distressed assets. In the end, any plan must make credit more readily available for the hard-working Texas families and small businesses who have been hit the hardest by this recession.”

    Seems to me that Sen. Cornyn has conveniently forgotten that HE voted FOR that 1st bailout plan, the car makers bailout… And that was the reason I didn’t vote for Cornyn this last go-round, ANYONE that supports these bailouts, in ANY WAY, is nothing more than a SOCIALIST that is in favor of KILLING America!

  7. comment number 7 by: Bloviating Zeppelin

    Why worry about seals? Demorats, Leftists, Socialists and the Religious Left are already CLUBBING the shit out of America for ITS pelt!


  8. comment number 8 by: BobF

    To get something that our minds can relate to, this is what a trillion dollars looks like compared to a billion and million

  9. comment number 9 by: Texas Cowgirl

    It’s not like we didn’t know in advance what the Dems agenda was/is. Socialism/Communism/call it what you will.

    This financial boondoggle is a fine example of what happens when you put children in charge of the candy store.