What the F is Obama Doing?

[dennis]

Here is what the rag headed muslim lovin,God hating deciever is doing: He is moving the very terrorists into our country that want to kill us.And having us pay for it !!!!!

 

[moto1]

The sheeple of america voted for their man Obama, They will get what they deserve. The only bit of small satisfaction I get is I did not vote for him. God have mercy on this country. I grew up poor , worked hard and succeeded, I do not believe in welfare ,social programs and unions. Americans are slow dim witted, over weight, easily manipulated ,idots to vote them selves into this kinda debt. Obama is a sad joke.

 

[dennis]

The sheeple of america voted for their man Obama, They will get what they deserve. The only bit of small satisfaction I get is I did not vote for him. God have mercy on this country. I grew up poor , worked hard and succeeded, I do not believe in welfare ,social programs and unions. Americans are slow dim witted, over weight, easily manipulated ,idots to vote them selves into this kinda debt. Obama is a sad joke.

Well spoken ! Hussien obama is traveling around the country as we speak down playing the importance of success.

 

[Champpalmer]

This is interesting. Coming from one of the authors of the "stimulus" plan. Does he really understand the unintended consequences or is it hot air?

Obama Says U.S. Long-Term Debt Load Unsustainable
By Roger Runningen and Hans Nichols

May 14 (Bloomberg) -- President Barack Obama, calling current deficit spending unsustainable, warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

We cant keep on just borrowing from China, Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. We have to pay interest on that debt, and that means we are mortgaging our childrens future with more and more debt.

Holders of U.S. debt will eventually get tired of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. It will have a dampening effect on our economy.

Earlier this week, the Obama administration revised its own budget estimates and raised the projected deficit for this year to a record $1.84 trillion, up 5 percent from the February estimate. The revision for the 2010 fiscal year estimated the deficit at $1.26 trillion, up 7.4 percent from the February figure. The White House Office of Management and Budget also projected next years budget will end up at $3.59 trillion, compared with the $3.55 trillion it estimated previously.

Two weeks ago, the president proposed $17 billion in budget cuts, with plans to eliminate or reduce 121 federal programs. Republicans ridiculed the amount, saying that it represented one-half of 1 percent of the entire budget. They noted that Obama is seeking an $81 billion increase in other spending.

Entitlement Programs

In his New Mexico appearance, the president pledged to work with Congress to shore up entitlement programs such as Social Security and Medicare. He also said he was confident that the House and Senate would pass health-care overhaul bills by August.

Most of what is driving us into debt is health care, so we have to drive down costs, he said.

Obama prodded Congress to pass restrictions on credit-card issuers, saying consumers need strong and reliable protection from unfair practices and hidden fees.

Its time for reform thats built on transparency, accountability, and mutual responsibility, values fundamental to the new foundation we seek to build for our economy, the president said.

Obama called on Congress to send to him by May 25 a bill that would clamp down on what he says are sudden rate increases, unfair penalties and hidden fees. He also wants the measure to strengthen monitoring of credit-card companies.

House Bill

The U.S. House of Representatives passed the credit-card bill last month after adding a provision requiring banks to apply consumers payments to balances with the highest interest rates first. The bill also imposes limits on card interest rates and fees.

The Senate continued debating its version of the bill today. It would require credit-card companies to give 45 days notice before increasing an interest rate. It would prohibit retroactive rate increases on existing balances unless a consumer was 60 days late with a payment.

The president said Americans have been hooked on their credit cards and share some blame for the current system. We have been complicit in these problems, he said. We have to change how we operate. These practices have only grown worse in the midst of this recession.

The American Bankers Association, which represents card issuers, has warned lawmakers and the Obama administration against taking punitive action or setting requirements that are too stringent. Doing so, the lobby group says, would limit consumer credit and worsen a credit crunch.

Obama said that restrictions shouldnt diminish consumers access to credit.

Uncollectible Debt

Uncollectible credit-card debt rose to 8.82 percent in February, the most in the 20 years that Moodys Investors Service Inc. has kept records. Lawmakers have said theyre under increasing pressure from constituents to respond to rising interest rates and abrupt changes to consumers accounts.

Obama held a White House meeting last month with executives from the credit-card industry, including representatives from Bank of America Corp. and American Express Co. Afterward, he told reporters that credit-card issuers should be prohibited from imposing unfair rate increases on consumers and should offer the public credit terms that are easier to understand.

The days of any time, any increase, anything goes -- rate hike, late fees -- that must end, Obama said today at Rio Rancho High School. Were going to require clarity and transparency from now on.

He also said the steps he has taken to stimulate the economy and start the debate on overhauling the health-care system are beginning to take effect.

Beginning to Turn

Weve got a long way to go before we put this recession behind us, Obama said. But we do know that the gears of our economy, our economic engine, are slowly beginning to turn.

Taking questions from the audience, Obama repeated his stance that he wants legislation to overhaul the health-care system finished before the end of the year, saying it is vital to the economy.

Health-care costs are driving up the nations debt and burdening entitlement programs such as Medicare, the government- run insurance program for those 65 and older and the disabled.

The programs trustees reported May 13 that the Social Security trust fund will run out of assets in 2037, four years sooner than forecast, and Medicares hospital fund will run dry by 2017, two years earlier than predicted a year ago.

 

[moto1]

Guns and ammo , Guns and ammo, Crime is coming.

 

[swelty]

Although it may appear that Obama is attempting to pull us out of this crisis, noting could be further from the truth. This whole thing is out of control, and for the most part the people find it easier to lie to themselves than to accept the truth about politicians and the federal government as a whole. They dont care about you. Honestly they could care less. Who got us into this mess? Think about it.

Im glad some children in your state got healthcare. Im a firm believer in the healthcare protocol in Canada. We should all as U.S. citizens have healthcare at no out of pocket cost to us.

Has Obama spent alot of money? YES!!! More than all previous administrations COMBINED and he's only been in office a few months.

Will it work? Absolutely NOT!!! I'd bet my life on it.

how much did we spend on the iraq war jackass!!! i think it was a billion a month do the math... Go bombem bush and the republican party!!!!!

 

[Renegade69]

obama has already spent more of the american people's money than the rest of the presidents combined....am i correct?

 

[moto1]

Obama is doing a really great job of out spending Bush . I love all the complainers about Bush, The sheeple forgot he had all of congress voting to go to war including the Chief Bitch pelosi, also 40 european countries., where all for it. The world would like nothing better than to see us fail, Obama is going to fullfill that vision. Hello Socialism

 

[Ironhorse]

Problem is, the majority of the U.S. population are way to willing to lay down and take it. They are allowing the rights of the constitution to be taken away one by one. Those Americans should be ashamed of themselves. Countless brave men and women have given their lives defending this country, and were proud to do so. We in turn are allowing it all to be forgotten and entrusting the government to "take care" of everything. When is everyone going to take a stand? Well, I predict it wont be long before we have another civil war. I give it less than one year.

 

[dennis]

Sad but true Iron..I for one am ready to take up arms to protect our constitution and my family.yes we were in a deficit when Bush was the pres..something like 500 billion..now under Obama it is in the trillions and growing with no real way to pay it back.He is destroying the US auto industry as we speak.I am glad to see the tide is beggining to turn atleast around Meso..not too many Hussien supporters left.

 

[flmedic911]

count me in Dennis.....im down with the sickness for sure!!!!![}]

 

[Renegade69]

He wants to close down guantanamo and give the area of our naval base back to cuba! If we do this we lose our southernmost naval base 90mi off the cost of florida. This leaves us wide open for attack. This asshole is trying to look like a savior, and at the same time setting us up for financial ruin and millitary weakness. He is breaking this country one day at a time...when he leaves and the next president is elected the country will be complete shit (more-so than now) I think he is doing this on purpose to make himself look better. Here is something else that is scary....lets say obama gets whats coming to him and gets taken out....and something happens to biden ( who is a completely retarded yes-man) that dumb bitch pilosi will be running the country!

 

[dennis]

Your absolutely 100 % correct..the reason he is weakining us is because he is a muslim at heart and not an American.The muslims are patient,they dont mind wating for a very long time to defeat us.

 

[375Ranger]

Yeah boys...Im back! Ready to weigh in on all this Obama bullshit! This sorry excuse of a human being is destroying MY country! I warned you bleeding heart liberals before this jackass was even elected. The government could care less about you and me, you weak ass people just have never grown up yet! You want Uncle Sam to provide for you because you haven't the stomach to fight, nor to succeed! We as Americans need to hold ALL elected official accountable! I am NOT a Republican or Democrat....I AM AN AMERICAN! This country needs to be taken back! Wake up people, this is not a government by the people nor for the people! Do I need to give a history lesson???

 

[StrongandFit]

Some day, someone will lead this nation away from socialism and towards a smaller, limited government. But I'm not holding my breath.

 

[moto1]

Yeah boys...Im back! Ready to weigh in on all this Obama bullshit! This sorry excuse of a human being is destroying MY country! I warned you bleeding heart liberals before this jackass was even elected. The government could care less about you and me, you weak ass people just have never grown up yet! You want Uncle Sam to provide for you because you haven't the stomach to fight, nor to succeed! We as Americans need to hold ALL elected official accountable! I am NOT a Republican or Democrat....I AM AN AMERICAN! This country needs to be taken back! Wake up people, this is not a government by the people nor for the people! Do I need to give a history lesson???

Very well Said, I use to be republican but the parties have merged, I too am an American. I work do not expect government assitance.. love helping the helpless, hate helping the people who have poor judgement.

 

[dennis]

wait till cap and trade and socialized health care gets crammed down our throats......On a different note :
I dont know about you guys but I am proud to be a super power...getting weaker is going to be our ruin.

 

[Nomercyfreak]

What the F is Obama hussien doing?
weakening our defense systems weakening our military
giving Americans a bad name
weakening our economy
our constitution
our family values
our dollar
our image
decieving millions
not doing anything he promised during campiagn
dreaming up new ways to tax us
attacking gun owners
Gee fellows..why would he want to do all this ???/So we as a country will fall and the muslims and chi coms can take over.I remember on this very Meso site right before the election how many obama supporters there were..we argued for days..now some of his supporters are scared shitless and wondering why they voted for him.this man wants to take your freedom away from you.

image is right. fuckking watermelon eater!

 

[Nomercyfreak]

Bump!

 

[dennis]

Nomercy,I would be more concerned about his speaking in muslim,quoting koran,and taking over American business' than his watermelon consumption.