Today’s AYFKM? And “Let Them Eat Cake” Awards Both Go To…

DONT_TREAD_ON_ME_21…Barack Obama for going on vacation while Americans are still losing their jobs, homes, and life savings, and for believing that spending unholy, godzilla-sized amounts of OUR money, OUR children’s money, OUR grandchildren’s money, and OUR great-grandchildren’s money in what appears to be the hope of completely collapsing our economy while selling the message to the hopey-changey zombies that spending more money than George Washington to George Bush II is somehow “stimulating the economy”.

This dumb POS has been putting forward this fantasy economic theory that is as realistic as Mishy actually showing up for work, instead of following proven economic realities of cutting government spending, cutting taxes, incentivizing the engine of our economy, namely small business, and kicking the crap outta Goldman Sachs, their fraternal brotherhood of Big New York Banks, and the most unconstitutional banking cartel Known.To.GOD, namely, THE FED.

You know this guy is backtracking when he actually does not try to spin his failure…keep the pressure on!

Obama to raise 10-year deficit to $9 trillion

WASHINGTON (Reuters) – The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further fuel to President Barack Obama‘s opponents, who say his spending plans are too expensive in light of budget shortfalls.

The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion.

“The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year,” said the administration official, who is familiar with the budget mid-session review that is slated to be released next week.

“Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out.”

The White House budget office will also lower its deficit forecast for this fiscal year, which ends September 30, to $1.58 trillion from $1.84 trillion next week after removing $250 billion set aside for bank bailouts.

Record-breaking deficits have raised concerns about America’s ability to finance its debt and whether the United States can maintain its top-tier AAA credit rating.

Politically, the deficit has been an albatross for Obama, a Democrat who is pushing forward with plans to overhaul the U.S. healthcare industry — an initiative that could cost up to $1 trillion over 10 years — and other promises, including reforming education and how the country handles energy.

When can we impeach or arrest this guy for absolute NEGLIGENCE?

Meanwhile back here in the real world, here are the banks that failed this week.  Remember what I said earlier about no reports about the F.D.I.C. balance of $13 Billion since March, 2009?

Read it and weep….

Guaranty BankAustinTX32618August 21, 2009August 21, 2009
CapitalSouth BankBirminghamAL22130August 21, 2009August 21, 2009
First Coweta BankNewnanGA57702August 21, 2009August 21, 2009
ebankAtlantaGA34682August 21, 2009August 21, 2009
Community Bank of NevadaLas VegasNV34043August 14, 2009August 19, 2009
Community Bank of ArizonaPhoenixAZ57645August 14, 2009August 19, 2009
Union Bank, National AssociationGilbertAZ34485August 14, 2009August 19, 2009
Colonial BankMontgomeryAL9609August 14, 2009August 19, 2009
Dwelling House Savings and Loan AssociationPittsburghPA31559August 14, 2009August 19, 2009

Big Texas bank on verge of failure

Guaranty has $13.4 billion in assets and operates 160 branches in Texas and California — two of the three best banking markets in the nation, thanks to their size and population growth.

Frakkin’ resistance against this particular Borg Collective is futile my a**!

I will see you in Washington, D.C. on 9.12.09!

By Logistics Monster


  • You can bet that if the White House has raised the figure to $9 trillion that the actual figure will be closer to $25 trillion.

    The goal is most definitely the destruction of not only the US economy, but of the global economy. Once we fail, the rest will fall like dominoes. Europe will crumple like a cheap suit without the US to bolster their central banks through AIG. China will be stuck with trillions in bad US debt and no one with enough money to buy their goods. Mexico and Canada will feel the shockwaves through their economies as there are no longer jobs for illegals or US dollars to develop new drugs to be sold cheaply. No country will have anywhere to send their students to learn the skills necessary to keep their countries vital. We are the cog that drives the economy of this planet. There can only be 1 goal, and that is global domination. Sorry if that sounds out there, but by this point it shouldn’t…

  • When Obama vacationed in Hawaii there was a freak storm come through, lost electricity etc. It now looks like Martha’s Vineyard could be affected to some degree from Hurricane Bill.

    I live in hurricane territory and the least reliable words from the weather people are , it looks like that area will not be impacted. Just making an observation that even on vacation he can not get away from the storms.

    Obama does not need a vacation but most likely the teleprompter does.

  • Obama doesn’t need a vacation. What the hell has he actually accomplished in the last 7 months… other than pissing off over half the country and ruining the economy?

    WE need a vacation from HIM…. PERMANENTLY!!!

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