While the media has busied itself with a Weiner roast, President Obama has quietly been focusing laser-like on the debt crisis. Not ours, the one in Greece.
While not one of the 57 states Obama needs for re-election in 2012, Greece is a “headwind” making his failing economic policies fail.
CNBC has the story:
President Barack Obama on Tuesday urged European countries and bondholders to prevent a “disastrous” default by Greece and pledged U.S. support to help tackle the country’s debt crisis.
Mr. Obama was quoted, “… we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.”
Too many nuances there for our taste. Daniel J. Mitchell translates:
The story doesn’t have much detail, but it appears that Obama is willing to brutalize American taxpayers directly (which is what he means by “on a bilateral basis”) and indirectly (i.e., the reference to “international and financial institutions like the IMF”).
Brutalized by the IMF and we’re not even hotel maids. The 48% of us who pay taxes are used to that by now. And the money’s going for a good cause, right?
Another bailout will be a case of throwing good money after bad. And it will exacerbate the.economic damage by delaying the economic reforms that are needed to put Greece’s economy in better shape.
… the other insolvent European welfare states will look at what’s happening in Greece and conclude that they also can avoid necessary reforms and wait for handouts from American and German taxpayers.
Just as we thought.
– Written by Bonfire of the Absurdities
Source: CNBC, Daniel J. Mitchell
This post was last modified on January 26, 2021
View Comments (24)
Even the first bailout was based on the unfair principle when the poor countries of Europe had to pour more money into the rescue package than the rich ones. Now that it's become clear that another package will only prolong the financial situation in Greece the US president should be the first person to dismiss such proposals.
Obama operates by the semi-immortal words of Lloyd Christmas, "We're in a hole, Harry, and we just gotta dig our way out!"
What has Greece done for us lately? The last time I had Greek food was in college and it sucked. I had a Greek olive once and I almost choked, someone was so lazy they couldn't get the pit out completely. The
Greek language.... you only really just speak it in Greece (and Greek communities). It is a dying language almost extinct going the way of latin. Seriously why am I giving my money to Greece for? What am I getting out of it?
I guess there are two Greeks up in here? I am not impressed with Greece okay? Greece doesn't deserve my money.
I eat at a Greek Buffet on a regular basis. The food is wonderful, and the staff is fantastic. And the bellydancers? OMG!
ok... that is nice for you... regardless I dont think anything is worth bailout Greece with my money?
I don't know, but the net effect is that we are going to push back our retirement age into the seventies so they can continue to retire in their fifties.
Thanks for nothing, Greece.
Woody Allen as Barack Obama in... "Let's dig it deeper!!"
http://www.youtube.com/watch?v=zXG1PVA8Rx4&feature=related
This website I'm providing here is a list of Obummer's favorite friends and aquaintences, pay close attention to the American names:
http://www.infowars.com/bilderberg-2011-full-official-attendee-list/
You seem very knowledgable about this whole hole thing JR, have you seen this before?
Ladies and gentleman, this is what SMART Power!!!!11!!!!eleventy looks like.
Wish these people, our so called leaders, would employ some simple cowboy logic.
'When you find yourself in a hole, the first thing you have to do to remedy the situation is to quit digging.'
Unfortunately, we're faced with Progressives, not cowboys, so the first thing to do is appoint a commission to study the hole, then a task force to review the commission's findings, and then a review board to go over the task force findings and recommend new regulations regarding the management of the hole, and finally an Act of Congress appropriating sufficient funds to fill the hole with money.
Dont forget get that we will need Hole Czar or Czareena/Czaress/Czarette maybe all of the above and substantial staff and asskissers.
You'll also need a substantial supply of red, white, and blue hard hats...I' mean, it is a construction site isn't it? OSHA's going to require hard hats...just saying.
Yes, all of you are correct. Thanks, to everyone, it's now as clear as fracking mud to me. I say, use their own game against them. Example:
1. Problem. I've heard that the Blue Butted Teat Sucker's population has reached dangerous levels, there may not be enough left to constitute a viable breeding stock. Their habitat and nesting grounds are being decimated by all this 'hole' digging.
2. Reaction. Oh my god! Something must be done now to save this poor creature from the ravages of mankind. Without the Blue Butted Teat Sucker the teats will become swollen and infected, affecting the whole food chain. Not taking care of this now will lead to the extinction of everything.
3. Solution. The ideal solution would be to quit digging. I now know, that won't happen, however if the project is kept in the commission, task force, review board loop it could delay the eventual outcome until the players can be changed.
This is a very simplified example, but do you get the point? Would it work? Maybe, it would depend on presentation and marketing. Is it worth trying? I don't know, you tell me.
Thanks again for the input.
Heh. And if by some miracle somebody recommends something even marginally sensible (like "stop digging so fast") that suggestion will be dismissed as "unworkable" (translation: no way we're blowing off the $$$ from the hole-diggers union.)
Oh, and you must pay for all this study somehow, so a tax increase is in order.
I am really in the Twilight Zone right now!
hisham June 10, 2011 at 12:25 pm
Like or Dislike: 0 0
This POTUS, for lack of a better acronym, is a perfect example of progressivism in decline, but the proglodytes can’t see it that way. They’ve damaged our moral compass, our social compass, and our economic foundation, and they expect us to be grateful? I’m ready to draw blood! These fools are killing us…literally. No man would consciously attempt this unless he were driven by the evil one…what’s happening to us is satanic! And the only way to fight spiritual warfare is with spiritual warfare weapons, oh BTW, that ain’t tanks and planes and guns, that’s prayer, and pennance, and fasting!
I didn’t make up the rules, that’s just the way it is, so you can suit up with the proper armor and weapons and fight properly, or you can waste your time here on earth trying to do it all by yourselves, for yourselves! It’s simple really…Fight…or Die!
I get so confused. Is it POTUS, or POS-OTUS?
I thought it was DES-POTUS.