Obama to banks: Pssst. Don’t bank on U.S. defaulting

What do you call a guy who yells “Fire!” in a crowded theatre while texting his cronies “Chill out and get ready to snap up free popcorn”?

Unfortunately, the proper appellation in this case would be “Mr. President”.

obama-yells-fire
"Fire! Fire! Fire! Just kidding! Just kidding! Just kidding!"

Fox News relates a tale of underhanded scaremongering for personal political advantage – in other words, just another day at the Oval Office in the Obama Administration:

While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn’t raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen….

…administration officials have told bankers that the administration will not allow a default to happen even if the debt cap isn’t raised by the August 2 date Treasury Secretary Tim Geithner says the government will run out of money to pay all its bills, including obligations to bond holders.

A senior banking official told FOX Business that administration officials have provided guidance to them that […] a default is off the table…

This guidance is a big reason why Wall Street has largely dismissed the possibility of default…

“They also know they can pay the debt with cash on hand,” this official told FOX Business.

Obamunists scream “Republican monsters are going to eat your social security checks!” to grandmothers while nudging the bankers and whispering, “Don’t take this crap seriously.”

– Written by Bonfire of the Absurdities

Source: FoxBusiness.com

This post was last modified on January 26, 2021

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View Comments (14)

  • With his mouth hung open like that, it appears that he is practicing for the Ramadan party with Bwarny Fwank... (Hard to fool them flies!! LOLOLOLOLOL)

  • A cowboy from Texas attended a social function where Barack Obama was speaking. When Obama discovered the cowboy was from President Bush's home area, he started to belittle him by talking in a southern drawl and single syllable words. As he was doing that, he kept swatting at some flies that were buzzing around his head. The cowboy says, "Y'all havin' some problem with them circle flies?" Obama stopped talking and said, "Well, yes, if that's what they're called, but I've never heard of circle flies." "Well, sir," the cowboy replies, "Circle flies hang around ranches. They're called circle flies because they're almost always found circling around the back end of a horse."
    "Oh," Obama replies as he goes back to rambling. But, a moment later he stops and bluntly asks, "Are you calling me a horse's ass?" "No, sir," the cowboy replies, "I have too much respect for the citizens of this country to call their president a horse's ass." "That's a good thing," Obama responds and begins rambling on once more. After a long pause, the cowboy, in his best Texas drawl says, "Hard to fool them flies, though."

  • If you liberals dare to read this, beware..... It contains facts....

    *If any other of our presidents had doubled the national debt, which had taken more than two centuries to accumulate, in one year, would you have approved?*
    *If any other of our presidents had then proposed to double the debt again within 10 years, would you have approved? *

    *If any other of our presidents had criticized a state law that he admitted he never even read, would you think that he is just an ignorant hot head? *

    *If any other of our presidents joined the country of Mexico and sued a state in the United States to force that state to continue to allow illegal immigration, would you question his patriotism and wonder who's side he was on? *

    *If any other of our presidents had pronounced the Marine Corps like Marine Corpse, would you think him an idiot? *

    *If any other of our presidents had put 87,000 workers out of work by arbitrarily placing a moratorium on offshore oil drilling on companies that have one of the best safety records of any industry because one foreign company had an accident, would you have agreed? *

  • Oh, come on! Barry doesn't tell lies! He's the most transparent President in history! You just need to give him time, and enough rope, and he'll fix this all by himself, on Nov 6 2012. ;-)

  • It's reached the point where the Prez is not even pretending to bluff anymore. He's history if the GOP will just nominate that Generic Republican fellow who does so well in the polls.

    • I thought the Republicans ran that generic guy in 2008, McCain? Oh hell, sorry, I confused generic with geriatric. Never mind.

  • This is the same tool the lefties always pull out of their toolbox when they want to distress the public: fear and fear mongering. It's always wrapped up in new tissue paper, or presented in a nice new shiney package, but always the same old tired trick. We might as well get used to the fact that anything this administration tells us is a lie, wrapped in deceit, filled with sh*t, and mailed with contempt! These people need to be slapped down by such a resounding defeat to their reelection that they won't crawl out of their holes for a century or more!

  • I am kinda surprised that we haven't yet heard about the .gov being "too big to default"...

    • HAHAHAHAHA! Yeh, gummint is TOO BIG TO FAIL... or tell the truth or balance its budget or walk and chew gum simultaneously or find its butt with both hands and a flashlight... Gummint sounds a lot like Jabba the Hut from "Star Wars."

    • I would imagine if we went over the junior Senator from Illinois'es ( sp? ) speeches when GW was raising the debt ceiling you find it. If not him, one of the others that are beating the drum so loudly now.

  • The great news is that most people ain't buying all the rhetoric in the first place... 'cept the fine folks at, and dozen viewers of, CNN and MSNBC.