RSSBankruptcy You Can Believe In … Judd Gregg Warns Obama’s Handing of Economy will Bankrupt United States
Obama Bankruptcy You Can Believe In
New Hampshire Senator and the one time Barack Obama Commerce Secretary 
nominee, Judd Gregg slammed President Obama’s approach to handling the country’ s fiscal outlook … “This Country will go BANKRUPT”.
The Fausta’s Blog has the must watch VIDEO
“The practical implications of this is bankruptcy for the United States,” Gregg said of the Obama’s administration’s recently released budget blueprint. “There’s no other way around it. If we maintain the proposals that are in this budget over the ten-year period that this budget covers, this country will go bankrupt. People will not buy our debt, our dollar will become devalued. It is a very severe situation.”
Gregg, known as one of the keenest fiscal minds on Capitol Hill, also told CNN Chief National Correspondent John King that he thought it was “almost unconscionable” for the White House to continue with its planned course on fiscal matters with unprecedented actual and projected budget deficits in the coming years.
“It is as if you were flying an airplane and the gas light came on and it said ‘you 15 minutes of gas left’ and the pilot said ‘we’re not going to worry about that, we’re going to fly for another two hours.’ Well, the plane crashes and our country will crash and we’ll pass on to our kids a country that’s not affordable.”
HOPE … CHANGE … BANKRUPTCY, need we say more?
Blue Crab Boulevard seems to agree that Obama and the Democrats are spending like drunken sailors. BCB states that Obama’s “stimulus bill” that to date, has “saved” – for a year – 25 jobs so far. However, I would almost say that Obama’s handling of the economy as prevented jobs like that at the Treasury Department where no one wants to associate themselves.
As Hot Air states, when he said he’d be a bad fit for Team Barry, he wasn’t kidding.
From The Gateway Pundit, it’s Deja vu all over again as he points out that NH Senator Judd Gregg made a similar statement last month regarding Obama’s handling of the economy. We will give this to Senator Gregg, he is consistent with his message and correct.
Posted March 23, 2009 by Scared Monkeys Barack Obama, Economy, Obamanation, Politics, WTF | 11 comments |
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11 Responses to “Bankruptcy You Can Believe In … Judd Gregg Warns Obama’s Handing of Economy will Bankrupt United States”
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Senator Gregg is a Statesman! We do need statesmen!
We have plenty of children fooling around with the
Country right now. The antidote is Statesmen/women.
“could”? You mean we aren’t there yet? 750 billion in TARP, $767 billion Pork = U Less, $410 billion Omnibus pork bill, and $3 Trillion in AIG, Fannie Mae, Freddie Mac, Automakers, etc. wasn’t enough?
can we demand that barry o be impeached ?
yes, the great purple lipped one will fill his own pockets and bankrupt our country. what a pitiful excuse for a man.
Senator Gregg has stated that he will not run again for reelection in 2010. This means we lose another great mind that could effect the outcome of this madness. How is it that our government is allowed to spend more money than we have? Where are our checks and balances?
#3, yes. You need to write your representative in the U.S. House of Representatives and request it.
This is what the good people at impeachthepresident.com cited as grounds to impeach President Bush.
A disregard for America’s safety and the safety of Americans.
A danger to economic growth and prosperity; lessening America’s ability to compete in the global economy.
Out of countrol spending and funding of social programs that reward inaction, move America toward socialism and create a culture of entitlement.
An unwavering allegience to special interests at the expense of America’s interests.
A not-so-secret hidden agenda to harness political power for personal gain and self promotion.
An ineptness for strategic planning, economics, accountability and fiscal policy.
More than a failure to deliver on the campaign promises; a calculated and fabricated approach to say one thing and do another.
A divider of political parties and national unity; A mean spirited attutide toward the constituents he promised to unite.
#6 – Hey Rusty, you said this: “Wall street speculates based on trends, they obviously see no market in a socialist agenda, do you?” in response to this Headline from SM:
“Stock Markets Seem to Love Obama’s Stimulus Package … NOT … Stock Market Reaches Pre-Bush 1997 Levels”.
Now that the Stock Market is about the same level as it was when President Obama took office (today had the largest single day gain since November), it appears Wall Street sees a market in what you consider a socialist agenda.
Was your logic, and SM’s for that matter, silly and baseless at the time or will you now sing another tune?
For all those who were so sure that the market was down because of President Obama, I’d be interested to know how you explain the upswing.
I’m not holding out hope that anyone will admit they were wrong to be so confident that the cause of the downswing was President Obama and a so-called socialist agenda.
About the same level as when Obama took office? That is some upswing.
The market is dropping as I write this. Care to explain that?
obama has nothing to do with the upswing. i would think tim giethner is the brain behind this since obama can’t think without a teleprompter.
we know who actually runs the country and who is the pivot man.
1 small upswing is not reason to worship obama like some kind of false god.
but, we have to remember the ones responsible for this so called president.
Sorry Yo-Yo, I honestly believe that some entity is playing with the market. That upswing won’t last. Geithner’s suggestion that he be allowed to take over any business he considers to jeopardize the economy should scare the friggin pants off everyone.
I see that when the market goes down its Obama’s fault, but when it goes up, it isn’t because of him. (looks at Dave).
we shouldn’t look at the stockmarket to closely.
its an indicator, to much human emotion involved in stocks.