Obama’s new campaign: Hope and Change out, Fear and Doom in [Reader Post]

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It was supposed to be the end of the world as we know it
It was supposed to be the end of the world as we know it
It was supposed to be the end of the world as we know it
But I fine fine

On Sunday Barack Obama suggested that the world might end on Monday if Republicans did not fall to their knees before him:

Obama warns of US market crash on Monday

US President Barack Obama has raised the spectre of a market crash on Monday if the political battle to raise America’s $14.3 trillion (pounds 8.8 trillion) debt ceiling is not settled.

The stakes have risen sharply over the past 48 hours, after long-running talks between President Obama and John Boehner, the top Republican in Congress, collapsed in acrimony late on Friday night.

“It’s very important that the leadership 1/8in Congress 3/8 understands that Wall Street will be opening on Monday, and we’d better have some answers,” President Obama warned.

Failure to strike a deal by August 2, when the government has said it will no longer be able to pay all of its bills, will leave markets facing the prospect of the first ever major default by the US.

Ed Henry of Fox News noted that the world hadn’t ended on Monday and asked Jay Carney about it.

(video at link)

Ed Henry, FOX News: “But over the weekend, Democrats were saying there’s going to be a drop if there is no action. Asian markets are going to crash on Sunday. It didn’t happen. American markets didn’t crash on Monday, hopefully they haven’t crashed — why should people believe …”

Oops, said Carney.

Jay Carney, WH press secretary: “You should go on the air and tell your viewers there is nothing to worry about.”

Raise Taxes or Granny Gets It

While Obama and Geithner were attempting to scare the bejesus out of old people in telling them that their social security checks might not go out Obama was secretly assuring banks that there would be no default.

While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn’t raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen, FOX Business has learned.

Obama sought to reassure banks and frighten old people. That’s about right.

Hope and Change have been replaced by Fear and Doom.

The most dishonest man ever to sit in the White House doesn’t disappoint.

DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education. DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed. Except for liberals being foolish.

78 Responses to “Obama’s new campaign: Hope and Change out, Fear and Doom in [Reader Post]”

  1. 52


    check on the post increase the debt ceiling, on mata’s comments and LARRY
    106 107 108 09 and 113 MAYBE OTHER

  2. 53


    @anticsrocks: #48
    The democrats and the propaganda media also know that the Federal revenue INCREASED after the Bush tax cuts as they did whenever taxes ware cut. Every time taxes are cut, the economy goes up. Every time they are increased, the economy goes down. Any politician who has been in office very long knows this. When Greg gets a few more years under his belt and if he can look at things with an open mind he will see this. I have seen it many times.

  3. 54



    anticsrocks, Bees is talking about how Larry had managed to morph yet another discussion about the Congressional piggy bank (i.e. SS trust fund), and into Reagan bashing… one of his favorite sports. You might want to read the whole thread, tho it has digressions. But what Bees is talking about pretty much started with his comment #77, and mischaracterization of a “promise” made by Reagan that his SS amendments, which made 50% of SS benefits taxable, were supposed to be used for two things only… paying benefits or investing in t-bills.

    This, of course, discounts the original intent and structure of the 1935 SSA and 1939 creation of the trust fund… which was always meant to be at the Congressional disposal for spending the surplus as they see fit. Larry, of course, brought it all down to Reagan. Started babbling about accounting changes that took place under Johnson… etc etc… implying the Reagan numbers were boosted by SS accounting in the federal budget. Those numbers were always included in the deficit, that that sorta blows the whole conspiracy theory apart. You’ll get the gist as you read.

  4. 55


    @ilovebeeswarzone: and @MataHarley:

    Thanks ladies!

    I went and read the entire thread and yes, Larry as usual got it wrong when it came to Reagan. Just as he gets it wrong about tax cuts increasing revenues and growing the economy, but he will never get this simple truth. Mata addressed his errors and I am too tired to add my two cents.

    But thank you both. This heat wave has me in fits, my job is out in the heat and my heart condition is really susceptible to it. In a side note, and even though this is a bit personal, I feel a strong sense of community here at FA, so I don’t mind sharing this. My team of cardiologists have decided to put me on the list for a heart transplant. This is the early, beginning stages and many tests are in my near future. But once I get on the list, I will let you all know, simply because when and if that time comes to go and get the transplant, I wanted my absence to be understood ahead of time.

    I suppose I should have done this on an open thread, sorry Curt.

  5. 56


    @ Greg

    House republicans who created the crisis would then have an opportunity to attack a President who would make the case that his decisive action had narrowly averted disaster.

    emphasis added mine.

    Greg, you owe me a new keyboard and monitor. This made me laugh so hard coffee flew from my mouth and nose. I’ll let you slide on the shirt.
    I know you won’t answer this question directly, you’ll just come up with another Jay Carney talking point, however…

    Besides the budget the President proposed that was defeated 97-0 in the Senate, what democrat bill has been proposed? The President hasn’t proposed a bill to avert the debt crisis. All of those great points he has could have been drawn up by Harry Reid and proposed in a Senate bill. Where is it? There can’t even be a conference bill because the Senate doesn’t have one. All the President and Senate democrats have done is strike down republican plans. Where is their plan? Where is the decisive action on the part of your messiah?
    I’ll now stand off to the side humming the theme from Jeopardy while you formulate what I know will be a brillant response. I’ll even let you, Rich, and Larry have a conference call to get on the same page.

    BTW Rich, the ESPN “way to early to call college football preseason rankings” has the mighty Noles at #3 behind Oklahoma and Bama. ND is ranked #11 and Michigan must have been overlooked. 🙂

  6. 58


    Curt, any time I hit edit I get a “stack overflow line 16” message. I can still edit, but the overflow message is a Javascript error. I’m just being picky, it’s what I do.

  7. 60

    Gary Kukis

    @John Evan Miller:

    Personally I will be glad once this debt ceiling situation is past us so that talks can be centered on what should be the real priority right now–unemployment rate and suffering citizens.

    I assume that you realize that government spending and over-spending is related directly to our economy and unemployment rate, right?

  8. 62

    Gary Kukis


    The sad truth is that without the Bush tax cuts for the wealthy, without the oil and gas loopholes and, most important, without two wars that the Republicans and Bush failed to pay for, we would be in the black right now, or close to it.

    Do you actually believe this? I know this is a liberal talking point, but the numbers do not add up, even if the economy is seen as static (which it is not).

    Now, if you believe that all tax “loopholes” (which are tax credits that you don’t like) and suddenly removed, and the tax rates lowered as well (apart from charitable giving and the home mortgage deduction), then I am all for this. We waste huge amounts of money on lobbyists and lawyers, only because of our convoluted tax code. A flat tax or a consumption tax (instead of our present-day income tax) would eliminate the need for most lobbyists, who are there pushing for tax breaks for whoever they represent (including the greenies who want tax credits for their idiotic ideas).

  9. 64

    Gary Kukis


    Besides the budget the President proposed that was defeated 97-0 in the Senate, what democrat bill has been proposed? The President hasn’t proposed a bill to avert the debt crisis. All of those great points he has could have been drawn up by Harry Reid and proposed in a Senate bill. Where is it?

    This ought to be a red flag to everyone. How does the government continue on, with automatic increases, without Congress even specifically appropriating the funds? This is just wrong.

    If there is no budget, then all capital outlays ought to be frozen to 2 years previous; and no salaries for Congress ought to be paid…until they do their job.

    The idea that we have no budget, and yet government just continues merrily along, ought to be dealt with legislatively. I do not like government being on auto-pilot.

  10. 65

    Nan G

    Some Democrat was on TV this AM (C-SPAN?) claiming that, if the Obama/Reid big plan was passed there would NEVER be another request to raise the debt ceiling!

    OK, who believes that?

    Reid was on C-SPAN from the Senate floor saying nothing originating from Republicans in the House will get past him.
    Apparently that would include bills that are bi-partisan in their backing.

    So, Reid has thrown down the gauntlet.

    Obama was saying the same thing.
    Nothing from the House Speaker will be signed by him, even if it did get past Reid.

    The stock markets and investors have already factored in a downgrade to AA for the USA.
    The so-called safe-harbor is (ironically) the US Treasury note.
    But August 10th is the new August 2nd, according to the number-crunchers.

    So there’s more time to play games.

  11. 66

    Hard Right

    Antics, good luck may your wait be short.

    For you lefties who think obama is masterfully handling the economy–Q1 Real GDP revised to .4% , down from 1.9%.

  12. 68



    @anticsrocks, I’m sure that any new heart will be as filled with goodness as your current heart. They really do amazing stuff with all heart related illness these days… so I, also, hold you in my thoughts and prayers.

    In the meantime, look for an indoor job with AC, guy….

  13. 69


    anticsrock, so many heartbeat will accompany that new heart,
    the waiting is the longest time to live on,
    we must keep ourself on the leanr side not too lean, just enough to get to the event,
    we must stay in shape with the inner spirit, the one you have is perfect, not to be alter,
    we must keep busy at FA, ALSO. where your friend are along with the many other, that will make the time fly like my humming birds here.
    yes you will tell us when , so we can get the forces to work on that special day and for the recovery,
    this will be a piece of cake because you have endure before and your skin is tough,
    and you are one of those braves marching with the bravest of AMERICA,

  14. 70


    I just heard they had to come up with Boehner 3.0 because the house republican freshman wouldn’t budge and no one can buy their votes. They don’t won’t earmarks, they don’t care about committee positions, and they don’t care about campaign funds. Isn’t this what we want? People that can’t be bought?

  15. 72



    My hope is that they stay that way. Don’t pass Boehner’s plan, as it doesn’t actually do anything substantial about the deficits, or the debt. And do not, no matter what, bow down to Tweedle-dee (Reid)and Tweedle-dum( Obama ) and their competing “plans”. Don’t say no. Say HELL NO!

  16. 75


    US stocks suffer worst week of year

    NEW YORK — US stocks had their worst week of 2011 amid fears that the debt-ceiling impasse in Washington would provoke a ruinous default or a downgrade of the United States’ credit rating.

    The Dow Jones Industrial Average tumbled 4.2 percent for the week to close at 12,143.24 on Friday, having fallen for six consecutive trading days.

    Place your bets on what will happen if we reach the deadline without the debt ceiling being raised. (There’s no need to do anything if you already have stocks or a mutual fund. Your bets are already on the table.)

  17. 76

    gary kukis

    @Greg: Well, then, thank goodness that the masterful Obama is in charge. I know he will be brilliant in solving this debt problem. I am just going to sit back and be amazed at his brilliance and his ability to bring people together. After all, we are not red states and blue states, right?

  18. 77


    The Senate Democrats have taken on the mantle of “NO” and have become the obstructionists. They have all along been demanding that the Republicans compromise, yet after months of negotiations and two house bills, Reid has stated that he will block any bill coming from the Republican leadership. If America defaults, (possible only if the Treasury doesn’t pay the interest on the debt,) the blame for this goes only to the Democrats who are themselves refusing to compromise.

  19. 78


    Ditto, yes they did a good job trying to get the democrats on the table and OBAMA refuse to accept
    anything they where trying to get him to understand, so he is responsible for having spent AMERICA AND RESPONSIBLE FOR STALLING THE PROCESS OF FIXING IT, ALONG WITH THE DEMOCRATS,NOT WORKING AT IT

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