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Las Vegas Sands Corp. Message Board

  • bjspokanimal bjspokanimal Jan 10, 2013 6:57 PM Flag

    Looking At Obama's Comment, I Must Say... I Completely Agree With Him

    On March 16, 2006, Illinois's junior Sen. Obama argued on the Senate floor that raising the debt limit was "a sign that the U.S. government can't pay its own bills." He complained that "Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren," and added, "America has a debt problem and a failure of leadership."

    Over the past 4 years, Mr. Obama's annual, $Trillion dollar contributions to the national debt have completely dwarfed any deficits that existed before... by many times.

    Looking back over the past 4 years, I have to say that I agree completely with Obama's own words... for precisely the same reason...

    "America has a debt problem and a failure of leadership".

    Barack Obama is now asking for authority to raise the debt ceiling any time he wants to without congressional approval...

    ... what say you all on this board... shall we put the fox in charge of the chicken coop after he himself criticised all of the far more responsible foxes that guarded the chicken coop before him?

    S

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    • ... we are printing money at historically astronomical rates... and the deficit is gigantic.

      With that kind of stimulus, we would historically achieve 9% growth but, because Obama's victims (corporations and those with investment captial) are not investing (2012 real capital spending was at a 50 year low).....

      ..... we're running up the national debt and debasing the dollar all for sluggish growth and no jobs.

      If you were spending at Nordstrom because you were running up your credit card and counterfeiting money... you'd feel flush too.... even with no income.

      These are the darkest days in American Economic History.

      S

    • Hey stealth mon,key,
      You really hate Obama, don't you?
      Why?

      Sentiment: Hold

      • 1 Reply to uncleho931
      • Whereas most economists are projecting 2013 growth to be under 2.5%... I'm amongst those who think it could be closer to 3% this year and your comment about bonds and stocks are consistent with that.

        The problem is, our growth this year will be due to deficit spending that's MASSIVE in scope. A $Trillion dollars of deficits per year with Obama is many times the deficits we ever incurred before Pelosi and Reid took over congress in november of 2006.

        The fed's money printing campaign is also huge, and like nothing we've ever done before in terms of de-basing our currency.

        So yeah, we'll get some growth this year... by running up the federal credit card and creating money out of thin air. It will ruin our kids' future in America, but we'll get a little growth out of it.

        Dab, you're kid probably feels pretty good when she's running up the credit card you gave her too... but that doesn't change how things will be when you get the bill, does it.

        People like me won't get hurt by Obama. I've spent decades learning how to profit from and survive things like this.

        The people I worry about are the people who are big supporters of Obama... because the same level of understanding that they have about what he's doing to our country is the same level of understanding that will prevent them from PREPARING for what he's doing to our country...

        ... and that's what saddens me the most.

        S

    • He is coming your way. Give him some time.

      Sentiment: Buy

 
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