Reuters reports that Barack Obowma is issuing warnings about the need to contain rising U.S. deficits, saying that if government debt were to pile up, it could lead to a double-dip recession.
“It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said.
Obama says this while spending erratically and continuing to push excessively costly programs that will ultimately devastate the national economy, such as his stimulus, cap and trade, industry bailouts, his hallmark federalized health care overhaul and the granting of amnesty to approximately 30 million illegal aliens, who further negatively impact America’s ravaged job market.
Then, during an address in Shanghai, China earlier this week, Obama who has indicated his desire to clamp down on FOX News and curtail talk radio, disingenuously declared: “I’m a big supporter of non-censorship. I recognize that different countries have different traditions. I can tell you that in the United States, the fact that we have free Internet — or unrestricted Internet access — is a source of strength, and I think should be encouraged.”
The Examiner has more on Obama’s frontal attack on conservative talk radio. This man thinks the U.S. citizenry are fools who are watching the gauge on the beer keg more than his antics.
He’s wrong.
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