Davidowitz on Obama: Deranged, Dysfunctional, Discredited

http://tinyurl.com/2wfwj7o Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."

Category:

News & Politics

Tags:

• Howard Davidowitz
• Obama Fraud

[kevreilly7]

he is stating the obvious

[wozzek22]

@kevreilly7 obvious to you. now we need 299,999,999 boiled frogs to finally understand what the fuck is going on.

[matt06830]

Respond to this video... 

[hanyangwe]

hhhmmmm 2 dislikes...is that you barack & michelle?

[hubhr]

@bleakfacts- Are U saying that Bush's policies are not responsible for the financial meltdown? If not, where did the debt come from? I say 2 wars, 2 tax cuts, Medicare Part D and the subprime mortgage financial crisis which began in 2006-7, by the way. Obama hadn't even won the nomination when Bush/Paulson/Bernanke, all Republicans I might add, shoved TARP down our throats. No, I'll stick with my original assessment, the GOP policy goals of endless tax cuts, wars and deregulation screwed us.

[hubhr]

@rlaycock- We are not Britain. In fact, they have started down the same path we tried in the mid-30's, extreme austerity. Their economy is already teetering towards another recession. We went from 9 to 25% unemployment due to spending cuts. Without more government intervention, we will either languish for another decade, at least, or sink into a 2nd depression. Google "Hooverism". Been there, done that. It's not pretty. It took almost 20 years and a World War to reverse that financial meltdown.

[hubhr]

@rlaycock- Our debt to GDP exceeded 120% after WWII. It's half of that ratio now. We are a long ways from a true debt problem. By the way, were you saying this back between 2001-2003 when total Republican control of all branches of government CHOSE to load up the balance sheet or are you jumping on the bandwagon now that there is a black man in the WH? Racism is pretty ugly.

[rlaycock]

@hubhr The Pound Sterling was the reserve currency just 50 years ago. The Labor socialists so broke England that the world bankers switched to the dollar. They owe us no allegiance. If we don't stop deficit spending the dollar will be dropped as the reserve currency.

It's not like this is something new. Every time socialists are put in power they bankrupt their country sooner or later. As Lady Thatcher said, "you eventually run out of other people's money".

[Bleakfacts]

@hubhr You are full of BS. The economy is not some machine you can simply fix that Bush drove before Obama. It's an incalculable giant complex of people's lives and their relationships. Things like bankruptcy and balanced budget is to keep people from wasting their money and using it efficiently and is recognizing the reality of our limited supply of goods. Obama just wasted 2,000,000,000,000 dollars of money taken from people who actually worry about making every penny count.

[hubhr]

@dmeiske1 -Where to start. We are a sovereign nation. In fact, ours is the ONLY reserve currency. We can print money and in doing so, we devalue what's afloat. FYI, virtually all countries are racing to devalue their currencies for trade advantage. Are you still with me? China holds a lot of our debt. We are repaying them with money that is trending lower. That's good for us. This offsets the fact that China is reluctant to raise the value of their currency. They like their trade advantage.

[hubhr]

@Bleakfacts - guess what this was spent on? Stimulus to overcome 30 years of bad economic policy. The wars, tax cuts and Medicare Part D weren't paid for. I guess there are some who don't pay their bills, but I think that is stupid. I have no debt and I always pay my bills on time. Unfortunately, Teapublicans think declaring bankruptcy is cool. Let's see what they say when interest rates spike. Talk's cheap. Reality is eye-opening.

[hubhr]

@AzBirdDog- You are truly stupid. Your corporate masters tell you to jump and you say "how high". If you disagree with my numbers, do us all a favor and provide yours. I say over 90% of the $14.3 trillion in debt was handed to Obama and the Dems. If you think otherwise, show me and stop the illogical and childish rants lest I dismiss you as a racist.