August 08, 2011
Remarks by the "Clown Prince"
barackingham PalaceState Dining Room
District of Corruption
THE "CLOWN PRINCE": Good afternoon, everybody. On Friday, we learned that the United States received a downgrade by one of the credit rating agencies -- not so much because they doubt our ability to pay our debt if we make good decisions, but because after witnessing a month of wrangling over raising the debt ceiling, they doubted our political system’s ability to act. The markets, on the other hand, continue to believe our credit status is AAA. In fact, Warren Buffett, who knows a thing or two about good investments, said, “If there were a quadruple-A rating, I’d give the United States that.” I, and most of the world’s investors, agree. That doesn’t mean we don’t have a problem. The fact is, we didn’t need a rating agency to tell us that we need a balanced, long-term approach to deficit reduction. That was true last week. That was true last year. That was true the day I took office. And we didn’t need a rating agency to tell us that the gridlock in Washington over the last several months has not been constructive, to say the least. We knew from the outset that a prolonged debate over the debt ceiling -- a debate where the threat of default was used as a bargaining chip -- could do enormous damage to our economy and the world’s. That threat, coming after a string of economic disruptions in Europe, Japan and the Middle East, has now roiled the markets and dampened consumer confidence and slowed the pace of recovery. So all of this is a legitimate source of concern. But here’s the good news: Our problems are eminently solvable.* And we know what we have to do to solve them. With respect to debt, our problem is not confidence in our credit -- the markets continue to reaffirm our credit as among the world’s safest. Our challenge is the need to tackle our deficits over the long term.
[What I'm not telling you: 'Warren Buffett' is nothing more than the biggest name I can refer to. Actually--with the new information--Mr Buffett's name; Mr Buffett's recommendations; Mr Buffett's economic opinions don't carry the weight they used to. Mr Buffett's "Berkshire-Hathaway" was among the several insurers who were downgraded along with
What's up with that asterisk after the word 'solvable?' When George Soros told me what to say; what was in this amateurish bluster, nothing was mentioned about any asterisk!!]
Last week, we reached an agreement that will make historic cuts to defense and domestic spending. But there’s not much further we can cut in either of those categories. What we need to do now is combine those spending cuts with two additional steps: tax reform that will ask those who can afford it to pay their fair share and modest adjustments to health care programs like Medicare. Making these reforms doesn’t require any radical steps. What it does require is common sense and compromise. There are plenty of good ideas about how to achieve long-term deficit reduction that doesn’t hamper economic growth right now. Republicans and Democrats on the bipartisan fiscal commission that I set up put forth good proposals. Republicans and Democrats in the Senate’s Gang of Six came up with some good proposals. John Boehner and I came up with some good proposals when we came close to agreeing on a grand bargain. So it’s not a lack of plans or policies that’s the problem here. It’s a lack of political will in Washington. It’s the insistence on drawing lines in the sand, a refusal to put what’s best for the country ahead of self-interest or party or ideology. And that’s what we need to change.
I realize that after what we just went through, there’s some skepticism that Republicans and Democrats on the so-called super committee, this joint committee that’s been set up, will be able to reach a compromise, but my hope is that Friday’s news will give us a renewed sense of urgency. I intend to present my own recommendations over the coming weeks on how we should proceed. And that committee will have this administration’s full cooperation. And I assure you, we will stay on it until we get the job done. Of course, as worrisome as the issues of debt and deficits may be, the most immediate concern of most Americans, and of concern to the marketplace as well, is the issue of jobs and the slow pace of recovery coming out of the worst recession in our lifetimes. And the good news here is that by coming together to deal with the long-term debt challenge, we would have more room to implement key proposals that can get the economy to grow faster. Specifically, we should extend the payroll tax cut as soon as possible, so that workers have more money in their paychecks next year and businesses have more customers next year. We should continue to make sure that if you’re one of the millions of Americans who’s out there looking for a job, you can get the unemployment insurance that your tax dollars contributed to. That will also put money in people’s pockets and more customers in stores. In fact, if Congress fails to extend the payroll tax cut and the unemployment insurance benefits that I’ve called for, it could mean 1 million fewer jobs and half a percent less growth. This is something we can do immediately, something we can do as soon as Congress gets back. We should also help companies that want to repair our roads and bridges and airports, so that thousands of construction workers who’ve been without a job for the last few years can get a paycheck again. That will also help to spur economic growth.
[What I'm not telling you: Thusfar in the "Washington Amateur Hour" known as the owe-bama Regime is--by far--the capitulation of Speaker John Boehner. Getting him to roll-over-and-play-dead on raising the debt-ceiling will go down in my disgraceful history as my greatest accomplishment!! Now, the regime has to do more to increase the dependency class. To that end, I've continued to extend unemployment insurance, to the point that two-years is now the norm, rather than the former thirteen weeks! Also to that end, I'm--once again--promoting more wealth redistribution by all the construction projects that were to be done-and-paid-for by the PORKulus bill!!]
These aren’t Democratic proposals. These aren’t big government proposals. These are all ideas that traditionally Republicans have agreed to, have agreed to countless times in the past. There’s no reason we shouldn’t act on them now. None. I know we’re going through a tough time right now. We’ve been going through a tough time for the last two and a half years. And I know a lot of people are worried about the future. But here’s what I also know: There will always be economic factors that we can’t control –- earthquakes, spikes in oil prices, slowdowns in other parts of the world. But how we respond to those tests -- that’s entirely up to us. Markets will rise and fall, but this is the United States of America. No matter what some agency may say, we’ve always been and always will be a AAA country. For all of the challenges we face, we continue to have the best universities, some of the most productive workers, the most innovative companies, the most adventurous entrepreneurs on Earth. What sets us apart is that we’ve always not just had the capacity, but also the will to act -- the determination to shape our future; the willingness in our democracy to work out our differences in a sensible way and to move forward, not just for this generation but for the next generation. And we’re going to need to summon that spirit today. The American people have been through so much over the last few years, dealing with the worst recession, the biggest financial crisis since the 1930s, and they’ve done it with grace. And they’re working so hard to raise their families, and all they ask is that we work just as hard, here in this town, to make their lives a little easier. That’s not too much to ask. And ultimately, the reason I am so hopeful about our future -- the reason I have faith in these United States of America -- is because of the American people. It’s because of their perseverance, and their courage, and their willingness to shoulder the burdens we face -– together, as one nation.
[What I'm not telling you: The Soros/Jarrett/owe-bama Regime has accomplished it's first "FIRST!" Under the 'Soros Watch,' the United States' credit rating has fallen from it's lofty perch for the first time in history!! That's another thing the regime will own-if any honest histories are ever written! So long as I'm able, I'll control the writtings of history through the Department of Education, so at least until my death, that fact should never hit the history books.]
One last thing. There is no one who embodies the qualities I mentioned more than the men and women of the United States Armed Forces. And this weekend, we lost 30 of them when their helicopter crashed during a mission in Afghanistan. And their loss is a stark reminder of the risks that our men and women in uniform take every single day on behalf of their county. Day after day, night after night, they carry out missions like this in the face of enemy fire and grave danger. And in this mission –- as in so many others -– they were also joined by Afghan troops, seven of whom lost their lives as well. So I’ve spoken to our generals in the field, as well as President Karzai. And I know that our troops will continue the hard work of transitioning to a stronger Afghan government and ensuring that Afghanistan is not a safe haven for terrorists. We will press on. And we will succeed. But now is also a time to reflect on those we lost, and the sacrifices of all who serve, as well as their families. These men and women put their lives on the line for the values that bind us together as a nation. They come from different places, and their backgrounds and beliefs reflect the rich diversity of America. But no matter what differences they might have as individuals, they serve this nation as a team. They meet their responsibilities together. And some of them -- like the 30 Americans who were lost this weekend –- give their lives for their country. Our responsibility is to ensure that their legacy is an America that reflects their courage, their commitment, and their sense of common purpose.
[What I'm not telling you: Notice how--finally--my mention of those 30 souls killed Friday in Afganistan was held until the final paragraph of this bluster?!? There is a reason: My subtle way of illustrating the high(?) esteem I hold the military in! This the very reason that I stayed on at Camp David; to party-on with the celebrities who suck up to me as well as a round or two of golf. So much for holding the military in great esteem!!]
ADDENDUM: This article was found on the Limbaugh website after his broadcast of August 8th:
Obama Blames Arab Spring and Japan's Earthquake on Struggling Economy and Job Situation, August 5th, 2011. Obama Blames Messy Democracy for His Failed Policies, August 3rd, 2011; remarks by the president at a DNC event. Obama Blames Congress for US Debt Mess; Obama news conference, June 29th, 2011. Obama Blames Republicans for Slow Pace on Immigration Reform, July 25th, 2011. (This was page one.) Page two: Obama Blames Media for Lack of Compromise in Washington; remarks by Obama at a town hall meeting July 22nd, 2011. Obama Blames Technology for Struggling Economy; June 14th, 2011, NBC Today interview. Obama Blames Oil Spectators for High Oil Prices; April 19th, 2011, remarks by Obama at a town hall meeting.
Obama Blames Reagan for America's Out of Control Debt and Spending; remarks by President Obama April 13th, 2011, Federal News Service. Obama Blames Bush and Congress for Lack of Fiscal Discipline, April 13th, 2011; remarks by Obama, Federal News Service. Obama Blames Bush-Congress for Putting Off Tough Decisions, August 17th, 2010; remarks at a fundraiser for Patty Murray. Obama Blames Bush for Tax Cuts, Deficits; Obama town hall meeting on the economy in Racine, Wisconsin, June 30th, 2010. Obama Blames Bush for Deficits, June 8th, 2010; remarks by Obama at a second fundraising reception for Senator Barbara Boxer.
Obama Blames GOP for Events that Led to Gulf Oil Spill; remarks by President Obama June 3rd, 2010, Federal News Service. Obama Blames Republicans for America Not Being Able to Solve Problems; remarks by President Obama June 3rd, 2010, Federal News Service. Obama Blames Corporations for Everybody's Problems, June 3rd, 2010, Federal News Service. He said, "If you're a Wall Street Journal bank or an insurance company or oil company, you pretty much get to play by your own rules regardless of the consequences for everybody else." Blames corporations for everybody's problems. Obama Blames Bush for Overall Standing of American Economy, April 19th, 2010, at a fundraising reception for Senator Boxer. Obama Blames Bush, Congress for Deficits, February 1, 2010, delivering remarks on the budget. Obama Blames Bush for Regulatory Policies; January 17th, 2010, remarks by the president at an event with attorney general Martha Coakley in Massachusetts.
I'm only on page three, and I have to take a break.
RUSH: Yeah, I'm gonna read the rest of the Obama blames. By the way, folks, do a Google search on it. "Obama blames" as a Google search term returns more than 490,000 hits. "Obama blames," no quotes -- just "Obama blames" -- returns 6,920,000 results on Google. Obama blames, Obama blames...everybody but himself. Obama is a man-child; immature, over his head, out of his league, unqualified.
RUSH: You want me to continue with this blame stuff? I'm only halfway through. Obama Blames Corporations for Everybody Else's Problems, June 3rd, 2010; remarks by President Obama. Obama Blames Bush for Overall Standing of Economy and American Standing, April 19th of 2010.
Obama delivering remarks at a fundraising reception for Senator Boxer and the DNC. Obama Blames Bush and Congress for Deficits, February 1st, 2010, in remarks delivered on the budget. Obama Blames Bush for Regulatory Policies, January 17th, 2010, remarks by the president at an event with Massachusetts Attorney General Martha Coakley. Obama Blames Wall Street Fat Cats for Economic Disaster, December 13th, 2009, CBS News' 60 Minutes. Obama Blames Bush for Overall Economy, September 27th, 2009, remarks by the president at the Congressional Black Caucus Foundation's annual dinner. Obama Blames Bush for Stifling Unions, September 7th, 2009; remarks by the president at the AFL-CIO Labor Day picnic.
Obama Blames Bush for Prescription Drug Bill; remarks by the president, health insurance reform town hall, Portsmouth, New Hampshire, August 11th, 2009. Obama Blames Bush for Jobs, July 22nd, 2009; news conferences by the president. Obama Blames Bush for Failure to Recognize Europe's Leading Role in the World, April 3rd, 2009; remarks by President Obama at a Strasbourg town hall, and in those remarks he said this: "So we must be honest with ourselves. In recent years we've allowed our alliance to drift. I know that there have been honest disagreements over policy, but we also know that there's something more that has crept into our relationship.
"In America there's a failure to appreciate Europe's leading role in the world, instead of celebrating your dynamic union and seeking to partner with you to meet common challenges, there have been times where America has shown arrogance and been dismissive, even derisive of you." That's Barack Obama, speaking in Europe at Strasbourg, blaming Bush for a failure to recognize Europe's leading role in the world, April 3rd, 2009. Obama Blames Bush for Deficits, February 23rd, 2009; Obama delivering opening remarks at fiscal responsibility summit. Candidate Obama Blames Fox News for his Elitist Label, New York Times, October 2008.
Candidate Obama Blames Fox News for Likely Loss in Kentucky Primary, May 2008. Candidate Obama Blames Washington for High Gas Prices, April 25th, 2008; remarks of Senator Barack Obama, press availability on energy plan, 25 April 2008. There you have six pages of "Obama blames."