One would think that by now NOTHING would stun us. NOTHING!
Barack Obama is receiving the Today’s Are You Freakin’ Kidding Me? Award and the Barack Obama Award for the Audacity of Arrogance for the following statements coming from the Pretender-In-Chief who gave us stimulus 2.0 and a trillion dollar takeover of the healthcare industry, (not to mention Cap And Trade). I see someone has been doing some internal polling and is trying to keep the independents from jumping off the capsizing ship with his Fox News interview and about-face on the deficits. I hate to say it, but there is more to this story than meets the eye with this fraud.
BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.
With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.
His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.
“It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said.
Fox News, which released a transcript of the interview, showed that comment by Obama on Wednesday morning and said the full discussion would be broadcast later in the day.