"My policies are not socialism"

"I am not a crook"

"I did not have sex with that women"

"The principles of economy are sound"

"Read my lips, no new taxes"

"I know what I'm talking about."
~STIRS

"I'm NOT in perpetual campaign mode!"

~Big-0~

Why can't we operate like Sudan???

The Right

Obama is very much a Socialist in the Western European sense.

This article, written by a Brit, addresses it:

A conservative writes on a conseervative site that Obama's a "socialist"? Why, I never! What a soorpise!

Frankly, one of my problems with Obama is that he isn't a socialist.

A conservative writes on a conseervative site that Obama's a "socialist"? Why, I never! What a soorpise!

Frankly, one of my problems with Obama is that he isn't a socialist.

#6 | Posted by Doc_Sarvis

He writes his opinion from the perspective of being a Brit and being subjected to Western European politics.

Obama's philosophies are well in-line with the British Labour party - a party that makes no bones about the fact that it's socialist.

Frankly, one of my problems with Obama is that he isn't a socialist.

Oh, he is.

His problem is a couple of pesky items like that damn Constitution and the overall system of checks and balances that limit his ability to fully implement his philosophies as POTUS.

He's a European socialist.

Is he Stalin?

Of course not.

He is a Western European socialist and it's quite obvious.

No, actually, Obama isn't a sociailst and dredging up a conservative writing on a conservative site who claims he is doesn't make him one. In European terms he'd probably be considered a Social Democrat.

If he was a socialist, I'd be quite happy about it. But he isn't.

We can continue this, Jeff, but it's just going to be "I say he is" and "I say he isn't."

Doc,

it's just going to be "I say he is" and "I say he isn't."

I hear what you are saying.

You have to remember his ideological beliefs are held in check by our style of government.

If you'd like I can provide transcripts and actual audio that clearly paint him as socialist, or at the very least 'socialistic' with his views.

I don't bring this up as a means of attempting to besmirch him - I think it's a fair characterization of his views.

Let's just look at one example - if he wasn't constrained we would have had a single-pay health-system within a week of his taking office. That's what he wants - he just lacks the power to make it happen in the US.

I'm not sure our system of government as such necessarily works against socialism in this country. I'm more inclined to the view that the power of interest groups works in that direction, supported when necessary by the smearing of the term "socialism" -- a word I'm fairly confident most people in this country couldn't accurately define if pressed to do so, and one which suffers from long association in bumper-sticker politics with "communism."

I'm not sure our system of government as such necessarily works against socialism in this country.

Actually, it does so on a couple of fronts.

The most obvious is the seperation of powers, especially in regards to the legislative branch - too many competing interests to get away with deviating far from center more frequently than every couple of decades.

Secondly, Article 1, Section 8 coupled with the 9th and most certainly the 10th Ammmendment. Socialism at a federal level is blatantly unconstitutional sans an ammendment or 3.

In a country where the Supreme Court is capable of extending human rights to coportations I'd say damn near anything is possible. In the Land of the Free and the Home of the Brave, there's more than one way to skin a cat.

"Frankly, one of my problems with Obama is that he isn't a socialist."
#6 | Posted by Doc_Sarvis

Worry not Doc:

"Obama Rejects Socialist Tag But Would Tax Health Plans If More Than People 'Need'"

"From each according to his ability, to each according to his need." -- Karl Marx, 1875

"The day after Pres. Obama carped about people calling him a socialist, he sent his top spokesman out to describe a plan to tax health insurance policies that provide benefits more generous than what people "need."

When it starts getting all socialistic, I'm sure you'll let me know. Until then, I'll just regard shouts of "Obama's a socialist" as part of the yipping and yapping from the Twenty-Six Percenters slinking along the horizon line beyond the outer limits of serious politics, well outside the warmth afforded by the campfire of sensible American political culture.

Doc,

Again, Obama's problem is long-standing limitations of power that prevent him from fully implementing his agenda. Having said that, please cite for me a single issue where Obama's actual beliefs are near center.

From my perspective "center" is exactly where he is. You obviously see him as waaaaaaaay out in the left field somewhere. I see him as practically dead-on centrist who leans to liberal. I'm well aware that'll probably strike you as a ridiculous view, but I've granted (in the sense of recognized, not permitted) you your perspective so just reciprocate.

Maybe we should both visit an optometrist!

P.J. O'Rourke said it best in his essay Ship of Fools:

"'What leftists?' said the leftists."

To quote another man, "YOU LIE!"

JEFFJ,

Socialism isn't necessarily a structure of gov't powers. It is possible to have a Democratic Socialism, which is one where our leaders are still democratically elected such as they are now in the US with the exception that their jobs is distribute the fruits of everybody to those in need.

I for one would support a Democratic Socialism...unregulated Capitalism is just as dangerous as any dictator.

I'm going to respond to this pile of bullshit the same way i did when bush said it:

impediments to the "free market"

1. the us military which controls the dollars of invention then gives it to corporations to sell to the populace so that we get to pay for it over and over and over again.

2. the corporate person which allows corporations super rights to collude against the populace in secret with almost no recourse.

3. patents/copy writes which allow the above to control those inventions

ALL 3 OF WHICH BOTH PARTIES SUPPORT IN FULL!!!

PIGS AT THE TROUGH!

Bend over America as you laugh your asses off at this latest bunch of b_s_ from Our Great Leader.

While he says One thing, he DOES another, usually the opposite of what he has just said (Like, I don't want to own the car companies, then he takes over GM and now tries to destroy its non-unionized competitor, Toyota).

Its The old shell game. Pay very close attention to this one man wrecking crew.

Why can't we operate like Sudan???

The Right

#4 | Posted by danni at

OHHH BABY>>I was waiting on this to get into with you...LOL

lets see if I can find something about you beratting the free market...

SO danni...was he lying?

To quote another man, "YOU LIE!"

#21 | Posted by Sniper

Remember, I was quoting famous lies...

" now tries to destroy its non-unionized competitor, Toyota"

WHAT?!

'Splain, pleez.

unregulated Capitalism is just as dangerous as any dictator.

#22 | Posted by richardspirit

How do you know? it has never been tried anywhere in the world. Besides, I don't know anyone who supports totaly unregulated anything.

From my perspective "center" is exactly where he is.

Maybe we should both visit an optometrist!

#18 | Posted by Doc_Sarvis

Dok, with you being blind, it won't help. You need to learn brail and get your ears cleaned out. That brown stuff in your ears isn't helping you. Even Carter doesn't want to be compared to him anymore.

" now tries to destroy its non-unionized competitor, Toyota"

WHAT?!

'Splain, pleez.

#27 | Posted by pragmatist at

answer is easy and clear
lets use the socratic method

WHO NOW OWns Gm?
Who was getting hosed by toyota?
WHo stands to benifit the most by a toyota meltdown?

THERE is your answer.

I don't recall addressing the remarks your way, Snoops. But I'll look into your sage advice to "learn brail" if you'll check into a tpyign rehab class.

Sniper,

Because Capitalism in this country while having some regulations has been able to destroy lives and cast people into nothingness as if they are nothing. I shudder at the thought of allowing the faceless "people" more rights and more power. They will enrich themselves while impoverishing their workers and anyone else that gets in their way. They already employ teams of lawyers and PR specialists that allow them to circumvent regulations designed to protect us.

Just look at the prescription drugs to find a good example. For generations we have been taught about the dangers of drugs but its never been about not doing drugs...its about do our drugs instead which have been proven to be ten times as deadly and dangerous as any street drugs. But they are allowed to peddle these things openly in the "free market" while pushing legislation to stop anybody from self medicating with safer alternatives.

richard.
CHECK out stossel toninght on fox business..the show is jUST what you are talking about and he says that the govt has no business telling us ANY drug that we cant use...I thought he was a libertarian on ROIDS and now I know it...

AGaIN I ASK

was he lying yesterday because his actions simply do not match these words.

#30--Afk, you didn't answer my question at all. You surmised and supposed. Show me, please, where he is trying to bring Toyota down.

And Stossel?! Really? You're gonna show us Stossel as any sort of prover of anything. He's neither fair nor terribly analytical. But I don't get Fox Business (or any Fox), so I don't even have the chance to watch him. Thank God. The man has proven to me time and again that he's just another partisan hack.

prag..my answer is in the answers to those three questions..

iF GM overtakes toyota after this WHO do you think will get on TV 5 times a day and tell us just how GREAT things in the auto industry are NOW and he should be reelected in 012?

too bad about your opinion of stossel...again..he is liberatarian to the max of the definition which is counter to ideas of issues both you AND I may have.

saTURDAY though...the fox business two hours comes on at 10 EsT...the most entertaining business shows you can see and ALWaYS fair and balanced and its on the regular fox news network..
check it out sometime.

ric, the ills you blame on capitalism are due totaly to the laws and favortism by big government played to the big doners. The banks would not make stupid loans to people that couldn't pay them back without governments urging and government bail-outs. What company would stay in business very long it they were killing their clients with defective cars or drugs?

You can blame big government for many of the ills that plague us today. Trace the problems to cronyism and also to the bean counters that only look at the next quarter and government handouts to keep their companies in business.

This country is being torn apart by the leaches that suck on the big government tit.

Now to tell you how I realy feel.

This country is being torn apart by the leaches that suck on the big government tit.

if obamacare isnt neutralized or stopped and he goes on unfettered..then
YOU aint seen nothin yet!

The "O" is full of shit as the Clowerd-Piven strategy is in full swing!

This country is being torn apart by the leaches that suck on the big government tit.

You giving up your social security, medicare and government pension?

Saul Alinsky and Obama believe in economic equality, whereas America believes in human equality. Obama is just not getting it. However, to his credit he is doing EXACTLY what he promised on the campaign trail. Problem is most people didn't think at all and voted for him.

thereisnosuchthingasafreemarke
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darn that #45 was a cool set of steps

So what. The question is whether or not the free market believes in him.

So far, not much.

"iF GM overtakes toyota after this WHO do you think will get on TV 5 times a day and tell us just how GREAT things in the auto industry are NOW and he should be reelected in 012?"

You're filled with speculation. Someone suggested that Obama was trying to destroy Toyota. No one has yet pointed out any actions yet that are designed to do that.

As for Stossel, he has made a few good points over the years, but I also see alarmist rhetoric and bullshit from him. For someone who hates Olbermann, I'm not sure how you can like Stossel. But for all that, you are right in that he's not always partisan. I'll give you that. And again, I have no cable. If it's not on NBC or PBS (what I can get with the antenna), I don't see it. Unless I go online. And I have to want it really bad to go online.

+++++

TH, that must have taken a lot of returns. : ) But I agree--no free market, never has been. The country is built on economic interference by the gov't. Those who don't see that either haven't studied US history or have forgotten what they learned.

darn that #45 was a cool set of steps

#46 | Posted by truthhurts

nice...now log off and go and get your net..there are some butterflies for you to catch..

DO DO DO DO DO DO....(twilight zone theme)

its not spectulation...its knowing dems as much as I do..
surely you dont think iF gm were to pass toyota that barry wouldnt be on camera over and over the next day??

OH MY GOD

you poor dear..
I have newfound sympathy for you..
NO cable...it makes my knees wobble just writing it..

No one has yet pointed out any actions yet that are designed to do that.

you must have missed it yesterday and the day before..the american head was blistered and mister toyoda himslef was attacked and demeaned and insulted by congress...

"its not spectulation...its knowing dems as much as I do.."

That's the very definition of speculation, Afk. And you're showing your partisan colors again. If I said shit like this about Bush or Republicans, you'd be all over me.

What's the "american head"? And no, I didn't see any of the hearings on Toyota. No cable, remember? (No, I don't feel left out or lost, and I need no one's sympathy.) That's why I asked for a link or an explanation. You're getting closer, but still not there. : ) And even if Congress was mean to poor ol' Toyoda-san, how does that translate into Obama wanting to DESTROY Toyota? Do you not think Toyota should be held accountable for the flaws in its products? I'm pretty disappointed in a company whose products I have long respected. They deflected, at the very least, and maybe even lied. As you can see in their PR barrage of late.

This country is being torn apart by the leaches that suck on the big government tit.

---------

corporate welfare is the biggest leach by far.

end the corporate person.

anything less is a waste of time.

This from someone who has never actually participated in the free markets.

Obama has been feeding off the Government spoon since high school.

Ok Sniper but where do you think the money is coming from to support cronyism and big gov't...probably from all those rich men that own corporations...SO...who is really running things? Just follow the money.

Jordon: I believe I can fly

Frankly, one of my problems with Obama is that he isn't a socialist.

#6 | Posted by Doc_Sarvis at 2010-02-25 08:36 AM | Reply | Flag:

Why? Because you feel the way the USA was founded and set up is a failure? Move to Canada Doc - you and the rest of us will be happier.

Why doesnt obama just DEFINE socialist for all the retards out there and point out that america has been a socialist nation for a LONG time.

Bush was a socialist, only for the benefit of the rich.
Every president who has ever approved a farm subsidy or earmark is a socialist.

Obama's trying to get more benefits for the people at the bottom, perhaps, but is that more socialist than just benefitting those at the top?

Seems the repub's real complaint is that he's trying to help poor people too instead of just the rich ones.

As for the free market, its a game of monopoly. Once someone starts winning and gets all the expensive properties, there is no way for anyone to ever catch up. They suck up all the wealth and opportunity from the game, until someone throws the board up in the air (aka revolution.) If you want the game to continue, you need to introduce factors that distribute the fruits of their success back into the society that made their success possible in the first place.

corporate welfare is the biggest leach by far.
end the corporate person.
anything less is a waste of time.

#54 | POSTED BY SHAWN

Amen brotha.

"While he says One thing, he DOES another, usually the opposite of what he has just said (Like, I don't want to own the car companies, then he takes over GM and now tries to destroy its non-unionized competitor, Toyota)."

WOW.

So, President Obama is having difficulty re-vitalizing a car company that is in his "own backyard" (i.e., geographically close, influence the local infrastructure, local economy, and the support of millions of people and $$$), BUT somehow he's going to destroy a car compny which is very distant: geographically, economically, and culturally???

I didn't believe it before, but if what you are saying is true, then he really must BE the Messiah!

Free Markets are a vicious evil rumor designed to serve a small elite superrich class. What we are witnessing is class warefare being played out for Wall Street, the largest contributor to Obama and Shrub, and the rest of them treasonous clowns for that matter.

a real free market would be anarchy. no cops to protect corporate interests.

You giving up your social security, medicare and government pension?

#41 | Posted by 2008

When I get my $200k out that I put in, I'll quit. How about you?

And you're showing your partisan colors again.

if you mean to charge me with that, it wont work the way you may intend. I am very partisan but partisan towards this once great republic....U.S. AND texas

This from someone who has never actually participated in the free markets.

Obama has been feeding off the Government spoon since high school.

#55 | Posted by BENDOR at 2010

YES and it wouldnt be this bad if it was just him..
isnt the right number something like 2 or 3 people in his entire administration with PRIVATE BUSINESS experience?????????

What he means by free market is "government takes control of the means of production so it is FREE to the government"

no. what is meant by a 'free market' is that corporations can do anything without reprisal.

"Again, Obama's problem is long-standing limitations of power that prevent him from fully implementing his agenda. Having said that, please cite for me a single issue where Obama's actual beliefs are near center."

Here's my two cents, for what they are worth...

Obama has spent his entire life amongst the far left. His mother and father were both far left, his father being a Marxist minister of finance and his mother being a left wing SDS-er and supporter of various 60s revolutionary movements. During his youth he spent time with noted communist ativists, inlcuding Frank Marshall Davis. Later in life he became a community activist, inspired by the very Marxist Saul Alinsky. His introduction to politics began in the home of Bill Ayers, who at one time was a burgeoning Timothy McViegh, ready to take out the FBI in the name of revolutionary marxism. A man who despite his terrorist activities, was not in jail, but rather teaching college. I guess it does pay to have filthy rich parents.

Anyway, I beleive that Obama was probably an ardent and committed socialist, up to the point where he was in a position to impliment those types of policies. The belivers in socialism and communism typically confine themselves to the ivory towers, and aren't burdened with the responsibility of helping to ensure the freedom and prosperity of 300 million people. In the theoretical realm, they can discuss and debate the political economy without hurting anyone. That's not the case when you are the president, and by implimenting those policies which are popular on the far left, such as high taxation on the rich, minimum wages, etc, you are almost certainly going to devastate the standard of living.

Obama was elected by the people to work on their behalf, not to work on achieving his own personal ideological goals. In that respect I think he has done a good job of putting his personal beleifs aside and focusin on things that are far more likely to produce results. Is he going to be good for the economy. Nope. But it would be a lot worse if he really was acting on his socialist agenda.

#69 | Posted by madbomber

What a lot of bullshit. Way too much there to be addressed in two sentences, so I won't bother.

The sphincter and thief also believes in the credit fairey. Is george soros really the credit fairey? wooooooowwwww!!!

We Americans eagerly await the tools that drink oabama's fool-ade to call in on the conservative radio shows, to be shown for the folls you marxists are.

Quinko Du

Tutamen Deus

So what. The question is whether or not the free market believes in him.
So far, not much.
#47 | Posted by rightisright at 2010-02-25 01:18 PM

FF! Two snaps in Z formation!

The sphincter and thief also believes in the credit fairey. Is george soros really the credit fairey? wooooooowwwww!!!
We Americans eagerly await the tools that drink oabama's fool-ade to call in on the conservative radio shows, to be shown for the folls you marxists are.
Quinko Du
Tutamen Deus
#71 | Posted by rightnut at 2010-02-25 06:30 PM

Funny stuff! I adore "fool-ade", and with only half the calories of a complete fool I can enjoy twice the foolishness!

There is no such thing as a free market in this country and hasn't been for years since the institution of The Federal Reserve. There has been welfare all over this country and that includes corporations---but it is all about to end. In this country the pyramid scheme of socialism/welfare Keynesianism began to topple with subprime---globally, the next step is sovereign debt defaults and Greece like subprime is the tip of the iceberg---everybody will talk about bailing out Greece but do you think Germany in particular which has some sense of economic order will step in---I think not. Greece, Spain, Italy, and Portugal will eventually be cut out of the EU and no more Euro for them---they'll be on their own. Then next will be the socialistic Keynesian countries of southern Europe and eventually the UK and then the big one, the USA----all this because socialism has been rampant in this country and across Europe---the endgame draws nearer. Ironic that Greece the country of modern civilization will be the first to start the dominoes of debt defaults.

#69 = unmitigated jackass.

#69 = unmitigated jackass.

#75 | Posted by Shawn

Maybe, but you got to admit he put together an interesting piece of info and conclusion.

You owe me a keyboard, StirSumUp...I got coffee all over it.

Obama is such a two faced liar...

He states " I believe in the free market"; AND the funniest thing is many here actually believe him :)

Or if they do not believe him, they must equivocate rather than admit they know he is a liar.

"What a lot of bullshit. Way too much there to be addressed in two sentences, so I won't bother."

About 75% is historical fact, so we know that's not bullshit. The other 25% is my perception based on the president's past and present performance.

I'm guess you must be one of those form whom Marxism was a very romantic notion, fueled by the hip European youths that made up groups like Baader-Meinhoff, and their American counter-culture counterparts, living a life of carefree excess. One of those who, while critical of the Nazis and their mass suppression of humanity, would support or at least empathize with those communist groups that were attempting to do the very same.

I suspect that a "bullshit" was probably all you had to offer, since it's pretty much all true.

#79 = go away assclown.

#79 = go away assclown.

#80 | Posted by Shawn

Maybe, but you got to admit he put together an interesting bit of info and retort.

"Maybe, but you got to admit he put together an interesting bit of info and retort."

Maybe, but I got nuttin on "go away assclown." That's the kind of retort that is beyond reproach.

"So what. The question is whether or not the free market believes in him."

This, from the guy who was proclaiming "keep selling!" when the Dow was around 6800.

In order for any country to survive for 5,000 like China it needs to balance socialism and capitalism. Too far to one side or the other is self destructive.

I still would rather support Obama then some corporate thug like McCaine or Bush. At least he has a soul. The right hates him because they hate everyone. Just look at the RW comments here on the DR.

obama is a fascist in liberal disguise.
The only differance between him and bush, he has a better vocabulary, is more articulate, and a far more accomplished liar.

"obama is a fascist in liberal disguise."

You clowns are getting nuttier by the hour.

It could be funny, except you take yourselves seriously. And therein lies the tragic element.

You have to remember his ideological beliefs are held in check by our style of government.
If you'd like I can provide transcripts and actual audio that clearly paint him as socialist, or at the very least 'socialistic' with his views.
I don't bring this up as a means of attempting to besmirch him - I think it's a fair characterization of his views.
Let's just look at one example - if he wasn't constrained we would have had a single-pay health-system within a week of his taking office. That's what he wants - he just lacks the power to make it happen in the US.

#10 | POSTED BY JEFFJ

Which infers its not socialism. Again more "what if" crap..

Single payer from an economist standpoint is cost effective and thus good business sense not a rush to marxism.

Single payer from an economist standpoint is cost effective and thus good business sense not a rush to marxism.
#87 | POSTED BY LEGIO

Another socialist in denial. We're not all the way there yet, but getting closer with every time government hits the private economy with its wrecking ball.

Leggo,

socialism   /ˈsoʊʃəˌlɪzəm/ Show Spelled[soh-shuh-liz-uhm] Show IPA
noun
1.a theory or system of social organization that advocates the vesting of the ownership and control of the means of productionand distribution, of capital, land, etc., in the community as a whole.

Obama's end-game is a single-payer system; a socialist system.

Single payer from an economist standpoint is cost effective and thus good business sense

It has its merits and its drawbacks. I don't mean to imply it's 100% negative.

Which infers its not socialism. Again more "what if" crap.

If Obama were free of the constraints of our system of governance we would have had a single-pay, socialist health-care system 1 day after his inauguration.

My point stands - his philosophies and advocacies clearly put him in the realm of Euro-socialists.

I never thought I'd see the day when Washington's reckless spending would scare Bernanke, but here it is in print.

With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt.

Recent events in Europe, where Greece and other nations with large, unsustainable deficits like the United States are having increasing trouble selling their debt to investors, show that the U.S. is vulnerable to a sudden reversal of fortunes that would force taxpayers to pay higher interest rates on the debt, Mr. Bernanke said.

"It's not something that is 10 years away. It affects the markets currently," he told the House Financial Services Committee. "It is possible that bond markets will become worried about the sustainability [of yearly deficits over $1 trillion], and we may find ourselves facing higher interest rates even today."

It was some of the toughest rhetoric to date about the nation's fiscal and budgetary woes from the Fed chief, who faces a second round of questioning Thursday before a Senate panel.

Good show, Ray.

It's going to take THAT degree of honesty tripled with 'true' leadership at the highest levels of government AND a citizenry that is adult enough and far-seeing enough to make the necessary sacrifices, accross-the-board, in the short-term to do what's necessary to steer the ship back in the right direction.

What concerns me most is that we may be already past the point-of-no-return. When I look at Obama's deficits and projected deficits I believe we are on an unavoidable collision-course toward implosion. It'll probably happen in Greece and when it does, hopefully and prayerfully it will serve as a clarion-call toward the difficult measures that are crucial toward not only remaing afloat but replacing the ballast as well.

We'll know sooner rather than later.

"Single payer from an economist standpoint is cost effective and thus good business sense not a rush to marxism."

Actually, it's not. From an economic standpoint, a pure, market based approach would be the most economically sound. What has happened is that elements of FEDGOV have determined that everyone has the right to healthcare, which allows a homeless person with no ability to pay to be seen at the emergency room. This is visit is paid for by those consumers that can pay. What you are essentially saying is that, since the government already forces consumers to pay for the halthcare of the poor, single payer would allow them to pay less. The best thing to do would be to let those who can't pay rely on charity hospitals, funded by those that did beleive in extending healthcare to those that can't afford it.

Furthermore, There is no single payer system on the planet that offers the quality of our system, so for the 86% of people that currently have healthcare, the result would be declining quality. Don't you think it's a lot to sak the vast majority of americans so that a minority can have coverage?

I do agree that one of the very positive effect of single payer would be removing the burden of healthcare from business owners, which, if not offset by massive tax increases, would serve to spur on greater investment.

With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt.

Recent events in Europe, where Greece and other nations with large, unsustainable deficits like the United States are having increasing trouble selling their debt to investors, show that the U.S. is vulnerable to a sudden reversal of fortunes that would force taxpayers to pay higher interest rates on the debt, Mr. Bernanke said.

"It's not something that is 10 years away. It affects the markets currently," he told the House Financial Services Committee. "It is possible that bond markets will become worried about the sustainability [of yearly deficits over $1 trillion], and we may find ourselves facing higher interest rates even today."

It was some of the toughest rhetoric to date about the nation's fiscal and budgetary woes from the Fed chief, who faces a second round of questioning Thursday before a Senate panel.

www.washingtontimes.com

#90 | Posted by Ray

Thank you for the vindication. Even Bernanke is starting to catch up to some of us---just as when a number of us knew subprime was going to be a problem and Greenspan amongst others said it was a cake walk---and these are our "brightest and best".

What does this really say about Bernanke, Greenspan, Geithner, Paulson and Summers?

NOW they're worried about the deficits, but before they were worried about Bank balance sheets and stole $13 trillion, more than our entire national debt at the time.

It says, as far as they're concerned people can starve to death and die, they don't give a shit about anything except the financial sector, which has morphed into a giant leach on our country.

It says, as far as they're concerned people can starve to death and die, they don't give a shit about anything except the financial sector, which has morphed into a giant leach on our country.

#94 | Posted by nutcase

You should read sometime about the financial crisis of 1907 (6 years before the Fed was hatched--by bankers)---guess who got hurt?--the bankers got crushed but mainstream America was virtually untouched in comparison---as opposed to what is happening today.

the crybaby, arrogant, sissy president has his panties in a wad over the obamacare firestorm. he's gonna ram down it our throats cause this is all about him and his legacy. guess who's gonna wear the shackle of the collapse of america? look left, look right, look left, look right........priceless.

"I know what I'm talking about."
~STIRS

#2 | Posted by Doc_Sarvis

LOL!!!

You idiot, Doc.

Stirs post was great and made an excellent point.

You tried to be witty and it backfired on you. LOL!!!

Frankly, one of my problems with Obama is that he isn't a socialist.

#6 | Posted by Doc_Sarvis

What's your definition of Socialist?

The fucking moron in chief is a lying ass hole as well