President Obama says, “The Tea Party protesters were right!”
That is the headline the MSM won’t run. The only part of it that isn’t true, is that our Dear Leader didn’t have the testicular fortitude to come out and say it.
What he did say is exactly what the tea party protesters were complaining about:
President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”
Kim Priestap points out the extreme hypocrisy of BHO’s behavior.
What a joke. Obama sends our deficit and debt levels into the stratosphere, and he has the nerve to actually lecture us about how dangerous that is. That is what the tea parties were all about. Hundreds of thousands of Americans took to the streets on April 15 to protest the outrageous spending the government has been doing under his watch, and what was his reaction? He ridiculed them. Then a few weeks later he goes to New Mexico and delivers a lecture about how irresponsible it is to spend money we don’t have. The gall.
Now that he has put us into the untenable position of having to borrow so much from China, he turns around and says we have to shore up health care. That means the government will spend even more money we don’t have to meddle in our lives.
That’s right kids, the Community Organizer in Chief is going to use this as an excuse to nationalize a large chunk of the National Economy. The same inefficient government hacks who run the Post Office
are going to be telling you what you can have for health care.
America elected a man with absolutely no executive experience what so ever and had never held a real job in his life. If you are surprised by his behavior, you haven’t been paying attention.