30 Sep

Obama voted to blow up the economy- why is it wrong for the GOP to do the same?

                                       

obama blow up economy

Doug Ross aptly points out how the hopelessly corrupt media does Obama’s bidding, points fingers only at the GOP for the potential government shutdown:

• The Washington Bezos-Post: “House pushes U.S. to the edge of a shutdown”

• CBS News-Rather: “Risking government shutdown, House GOP seeks Obamacare delay”

• NBC-Sharpton News: “Shutdown nears as House passes funding bill that delays Obamacare”

• MSNBC-Madcow News: “House Republicans embrace government-shutdown plan”

• Al Reuters: “U.S. Republicans reject Senate bid to avoid government shutdown”

• The New York Daily Bloomberg: “House Republicans Increase Likelihood of Government Shutdown”

There are all sorts of dire predictions about the fallout from a government shutdown. Harry Reid is “really frightened.” Nancy Pelosi calls Republicans “legislative arsonists.”

It wasn’t so long ago when similar scary predictions were made about the sequester and they didn’t exactly materialize.

Before “sequestration” took effect, the Obama administration issued specific — and alarming — predictions about what it would bring. There would be one-hour waits at airport security. Four-hour waits at border crossings. Prison guards would be furloughed for 12 days. FBI agents, up to 14.

At the Pentagon, the military health program would be unable to pay its bills for service members. The mayhem would extend even into the pantries of the neediest Americans: Around the country, 600,000 low-income women and children would be denied federal food aid.

But none of those things happened.

Sequestration did hit, on March 1. And since then, the $85 billion budget cut has caused real reductions in many federal programs that people depend on. But it has not produced what the Obama administration predicted: widespread breakdowns in crucial government services.

The Washington Post recently checked 48 of those dire predictions about sequestration’s impact. Just 11 have come true, and some effects are worse than forecast. But 24 predictions have not come to pass. In 13 cases, agencies said it is too soon to know.

It’s not as though these events are without precedent:

Let’s assume the continuing resolution fight plays out as expected and one is passed and there is no government shutdown and all the dire consequences predicted by Harry Reid and Dick Durbin fail to occur. At the very worst, there is a 1-2 day shutdown. The financial scare-mongering by those Democrats in Congress fails to note that since 1976 there have been 17 “government shutdowns” lasting a total of 110 days. The sky did not fall and the predicted hardships failed to materialize. At worst, they inflicted damage on the political party on whom the pundit class placed the blame. The next big fiscal fight will be over the debt limit ceiling which, according to Treasury Secretary Jack Lew, will be reached on or around October 17th. In all likelihood, we will hear Durbin and Reid yet again predict financial calamity should Congress not present Obama with what they call a “clean bill-” just raise the debt limit as requested and move on.

First, it needs to be mentioned that failure to increase the debt limit will not necessarily lead to a government shutdown. There are options the government can take of a short term nature. The federal government takes in about $175 billion in tax revenues a month. This revenue coupled with the selling of assets, like the gold in Fort Knox, would be enough to service the existing debt obligations as they come due. But eventually, this money would run out. After the debt obligations were satisfied, the remainder of the money, if any, would be used to fund government operations. More on this in a little bit…

The fear is that by not increasing the debt limit, it places the “full faith and credit” of the United States at serious risk. As long as the existing debt is being paid as it comes due, the full faith and credit of the United States is just fine. Compare this to the average consumer: as long as you pay your credit card and other bills on time, your credit is just fine. A credit rating agency does not decrease your rating because you make a decision not to take on any more debt than that which you currently have now. These assertions that because some credit rating agency downgraded the rating of the United States in 2011 as the primary danger is fool-hearty. Weren’t these the same credit rating agencies implicated in the great financial collapse of 2008-2009? Weren’t these the same credit rating agencies giving AAA ratings to dubious financial instruments at Bear-Stearns and the like? Their record in this area is suspect at best.

It is likely that what really frightens democrats is that one again America will yawn at the shutdown. Still, it is particularly galling that this hypocritical, disingenuous and obstreperous President will fall all over himself courting dictators while refusing to negotiate with the “extremists” in the opposition party in Congress who he claims want to “blow up” the economy.

Just listen to this self-righteous prevaricator with specific focus on the language Obama uses:

President Barack Obama said Friday that he will not negotiate over the debt ceiling with Republicans, whom Obama accused of wanting to negotiate “under the threat of blowing up the whole economy.”

Obama said failing to meet this responsibility would be far more dangerous than a government shutdown. He added, “We don’t fully understand what might happen, the dangers involved, because no Congress has actually threatened default.”

Obama did exactly this in 2006 when he voted against raising the debt ceiling.

Obama said a potential default would have a “dampening effect on the economy” and cause an economic shutdown. He mentioned that the dollar was the world’s reserve currency, and Republicans would risk throwing America back into a recession.

“That’s why you don’t fool with it,” Obama said.

But he did fool with it.

Obama also emphasized that he did not want to set a precedent for future presidents of playing games with the debt ceiling.

“Nobody gets to threaten the full faith and credit of the United States just to extract political concessions,” Obama said, reiterating that he will not negotiate with Tea Party extremists in Congress who are engaging in political grandstanding and threatening to “burn the house down.”

But he did just that.

This is same phony who voted against raising the debt ceiling in 2006. This is the same pompous fool who played games with the debt ceiling. This is the same preening twit who reveled in grandstanding back then.

Obama also sent out his boy toy Dan Pfeiffer to stir up the pot:

“What we’re not for is negotiating with people with a bomb strapped to their chest,”

Obama likens his opposition to bombers, hostage takes, extremists who want to burn the house down, blow up the country and hurt Americans for doing exactly the same thing he did. It is absolutely disgraceful that a President would ever stoop this low. Obama is essentially calling for violence. What if his idiot sycophants believe his words and decide to save the country and take matters into their owns and murder conservatives and GOP members of Congress? People like that should die, right?

It’s obaminable.

The GOP should be prepared for violence, stand its ground, just let Obama shut the government down and then sit back and wait for the reactions. Obamacare isn’t ready, not by a long shot. Deferring it for a year is a really good idea. Default must be a good idea if Obama did voted for it.

yawns

That’s what liberals really fear.

The first one who says “symbolic” loses.

About DrJohn

DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education. DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed. Except for liberals being foolish.
This entry was posted in Barack Obama, Culture of Corruption, Deception and Lies, Dumb Laws, Economy, Liberal Idiots, MSM Bias, Obamanomics, Politics, propaganda bureau, Uncategorized and tagged , , , , , , . Bookmark the permalink. Monday, September 30th, 2013 at 8:37 am
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14 Responses to Obama voted to blow up the economy- why is it wrong for the GOP to do the same?

  1. Nan G says: 1

    “Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers.” BObama. 2006.

    Only $8.6 trillion????
    Chicken feed!
    http://www.usdebtclock.org/
    We are now at almost $17 Trillion. That is “trillion” with a “T,” as Obama said.

    And that includes a whole bunch of financial games played to keep the debt from moving for several months!
    From May 17, 2013 until Aug. 12, 2013 the debt stayed at exactly $16,699,396,000,000, just $25 million below the legal limit of $16,699,421,000,000.
    http://www.fms.treas.gov/mts/mts0713.pdf
    http://www.fms.treas.gov/dts/index.html
    https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13081200.pdf

    ReplyReply
  2. james Raider says: 2

    DrJ,

    This is same phony who voted against raising the debt ceiling in 2006. This is the same pompous fool who played games with the debt ceiling. This is the same preening twit who reveled in grandstanding back then. — …. just let Obama shut the government down and then sit back and wait for the reactions. Obamacare isn’t ready, not by a long shot.

    Good call. It’s all about perception, and perception on this should be that taxpayers would be saving money. Well, not saving much really, but reducing the increasing levels of their indeptedness by a small amount. That’s positive. The Republicans don’t seem able to get the PR right on this.

    Shutting it down would have zero real impact. Just take what Obama said, and go with the reverse — and you’re all good.

    He and his idiots said this would kill the world economy and send us into a global depression? TRANSLATION: Economic Boomtime and jobs for all. Almost.

    Fact is, you shut it down, set the RED LINE deep in the sand, and then say here’s what we’ll agree to, take it or leave it. Then back off and go home, . . . wait for that phone to ring. While you’re waiting, pass bills to finance what you wish to remain open, and shout to taxpayers that you’re doing it.

    Obama doesn’t negotiate and doesn’t know how to. Narcissism does not and cannot understand the meaning of negotiation. Force his hand. He is weak and he’ll “lose it.” Use it. Just explain to taxpayers what you’re doing and how it benefits them.

    And gov. employees wouldn’t lose a cent in incomes, but the Senate it trying hard to instill fear in their hearts and minds.

    Actually, I’ve been very surprised at the degree of civility which has emanated from the Republicans in the House, given the very personal attacks they have endured over this from the Obama socialist crackpots.

    What a “uniter” this vain fool is.

    ReplyReply
  3. Randy says: 3

    I have experienced 3 government shut downs if this one succeeds. Carter, Clinton and now Obama. There is something they all have in common, but I just can not work it out1

    ReplyReply
  4. SkippingDog says: 4

    So, your premise is that the Republicans are, in FACT, trying to blow up the economy?

    ReplyReply
  5. SkippingDog says: 5

    @Randy: Crazy Republicans.

    ReplyReply
  6. DrJohn says: 6

    @SkippingDog:

    No, my premise is that it has to be the right thing to do if Obama did it.

    ReplyReply
  7. THEY SHUT DOWN THE GOVERNMENT THEMSELVES,
    AND THEY ARE THE DANGEROUS ONE OBAMA AND HIS : I WILL NOT NEGOCIATE,,
    HAD IN MIND TO DO IT ALL ALONG, WE COULD SEE IT, NO MATTER IF IT HURT THE PEOPLE
    HE PREFER TO KEEP HIS PRIDE OBAMACARE ,WHICH NOBODY WANT THAN NEGOCIATE WITH THE REPUBLICANS,
    INSTEAD THE DEMOCRATS INSULTED THE REPUBLICANS WITH FOUL NAMES STARTING WITH REID’S INSULTS, OBAMA INSULTED THE TEAPARTY WHICH ARE THE FAMILY OF THIS USA WHO PROTECT THE LAWS OF THE LAND THEY LOVE
    AND FOLLOW,
    THEY HAVE BEEN TARGETED BY IRS
    TRYING TO DISTURB THEM BY PLANTING CONFUSION AND FEAR TO THEIR FAMILY, SO TO PROTECT OBAMA’SELECTION, WHILE FOUR MEN WHERE WAITING IN BENGHASI FOR HELP THAT NEVER CAME ENDING WITH BEING KILLED, AND NO TERRORIST WHERE PUNISH TO THIS DAY,BECAUSE OF THE ELECTION COVERUP,
    AND OBAMA WANT REVENGE ON THOSE TEA PARTY, BECAUSE THEY CAME TO THE PUBLIC TO TELL, AND EXPOSE OBAMA AND FRIENDS, TO THE PEOPLE,
    HE OPEN UP THIS TIME AND HAD HIS ZOMBIES REPEATING THE INSULTS TO THEM AND THE REPUBLICANS,
    WHAT A BUNCH OF SCARY DEMOCRATS CROWS, THEY ARE AFRAID OF OBAMA,IT’S CREEPY, TO SEE,

    ReplyReply
  8. AdrianS says: 8

    Why won’t Obama deal with the House or GOP? Answer: Most all of them are not Muslim.
    Why won’t Obama favor the oil pipeline? Answer: It would hurt Muslims in OPEC.
    Why won’t Obama favor coal production in America? Answer: It would lower oil imports and hurt OPEC Muslims.
    Why won’t Obama release (after one year) the facts regarding Benghazi? Because Obama is up to his eyeballs in involvement to help rebels (Muslims).

    If you want to see the naked truth without any hype, just remember that Obama is Muslim and his explanation is always a lie to the American people.

    Think about it. Reject Barack Hussein Obama.

    Also remember that “Obamacare” or the Affordable Health Care Act is NOT a health care plan but rather a tax scheme, a federal dictatorial control scheme, and NOT an affordable scheme for anybody.

    A majority of the American people want the Affordable Health Care Act to die. A majority.

    ReplyReply
  9. AdrianS
    OF COURSE IN THEIR BOOK,THE LYING IS ALLOWED
    FOR GETTING WHAT THEY WANT,

    ReplyReply
  10. Ronald J. Ward says: 10

    No, my premise is that it has to be the right thing to do if Obama did it.

    That’s a pretty strong flip flop coming from someone that thrives on Obama bashing. Is this kinda like polls are only accurate when they favor your agenda as otherwise they’re skewed?

    I do understand that the GOP is refusing to concede a losing hand which forces you to cling to any nonsensical talking point you can find.

    ReplyReply
  11. Ronard J. wARD,
    you don’t see the natural arrogance of Dr John
    he is being polite with you,

    ReplyReply
  12. Scott in Oklahoma says: 12

    And to think all of this crap could’ve been avoided, if the democrats hadn’t been so afraid of revealing their true intents and agenda to their constituents. Had a budget been passed every year, as required by law, there would not be a continuing resolution fight; of course the world would see how flawed the liberal politician’s thought process really is and all those liberal politicians would have been voted out of office. So, to preserve their jobs and power structure, the entire Senate, under the direction of Obama, violated the law by not passing a budget in the last five years. And now we are here….

    ReplyReply
  13. Common Sense says: 13

    @Scott in Oklahoma: Well said my friend from OK!! If Democrats would have cooperated in the creation of a budget years ago, this issue would not be what it is!! Of course they are not smart enough or honest enough to do it!! BTW I miss the Husker – Sooner rivalry!!

    ReplyReply
  14. the CONSRVATIVES ARE TOO SMART FOR OBAMA,
    that’s why he doesn’t want to negociate with them,
    he’s afraid to look like a fool in front of his young uninformed,
    he want to keep them thinking he is the smartest man of all,
    boy the young will have surprise when they figure it up,
    and all the times they wasted following him,
    he could not wait for the next day to get the SHUT DOWN STARTED,
    AND HIS ZOMBIES AGREE WITH ALL HIS DECISIONS,
    THE FUTUR BELONG TO THE YOUNG, GET INFORMED, AND DON’T LET OBAMA BUY YOU WITH PENNIES and lies YOU ARE AMERICANS AND ARE WORTHY OF GOLD,

    ReplyReply

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