Obama: Hey, we’re out of money
posted at 12:12 pm on May 23, 2009 by Allahpundit
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Via Breitbart, an important newsflash from The One in case you hadn’t heard that we’re running trillion-dollar deficits these days. See if you can balance the nuance of his point about Medicaid and Medicare being completely unsustainable long-term with his burning desire to nationalize most of the country’s heath-care industry.
Update: Drudge has a transcript.
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WTF? This guy is a stupid idiot.
Firebird on May 23, 2009 at 12:15 PM
MWHAHA…OWNED!!
abobo on May 23, 2009 at 12:17 PM
Doomed.
tree hugging sister on May 23, 2009 at 12:19 PM
Cutting costs = rationing. No getting around it.
iurockhead on May 23, 2009 at 12:19 PM
Well i know i,ve had enough for one day.
heshtesh on May 23, 2009 at 12:20 PM
Saying one and doing another thing!!! Yes We Can!
I really hope americans can see through his crap!
TimeTraveler on May 23, 2009 at 12:20 PM
He is giving notice. Emergency taxation.
Economists tell us a single dollar in tax decrease results in 3 dollars economic growth. It takes a while for a tax cut to result in investment and growth. a gov spent dollar results in $1.23 growth. However he can give it to his certain friends. If my bus tax is cut, i may spend it on buildings, training or equipment.. If I buy equipment, train or buy a building, those people make money spend it and pay taxes.
We are more morally bankrupt since he came along and financially bankrupt on top of it. He runs the deal exactly like Enron operated.
seven on May 23, 2009 at 12:21 PM
We’re out of money and the only solution is nationalize and fund health care.
obladioblada on May 23, 2009 at 12:21 PM
No shit, Sherlock.
Maybe you can sell off a couple of states to China, huh? Or have we done that already….
This sock puppet is EPIC stupid.
Spiritk9 on May 23, 2009 at 12:22 PM
“We completely screw it up on a small scale, so let’s try a large-scale approach.”
ddrintn on May 23, 2009 at 12:22 PM
Cap and trade will fix everything won’t it? I mean, 95% of us are still getting our tax cuts right?
/sarc
obladioblada on May 23, 2009 at 12:23 PM
See? He knows EXACTLY what he’s doing…destroying the US economy!
stonemeister on May 23, 2009 at 12:23 PM
I’m a big healthcare reform advocate. I knew he wasn’t interested, which is why his campaign never lit my fire.
He’s going to bail on this, and I think conservatives are stupid, too, for not understanding that this is the key to firing up the economy.
Oh well……I lose yet again!
AnninCA on May 23, 2009 at 12:24 PM
Dumber than a box of rocks.
We are so screwed. Please pass the vaseline.
Knucklehead on May 23, 2009 at 12:24 PM
I am SICK to DEATH of this charlatan blaming others for everything that’s wrong with the country! “Of course we’re out of money, but it’s somebody else’s fault.” What the expiration date for this excuse?
Lurking Vet on May 23, 2009 at 12:24 PM
God deliver us from this double-speak! Help Americans wake up and see we are being had!
Christian Conservative on May 23, 2009 at 12:24 PM
“We’re out of money…”
NO CRAP, BRAIN TRUST!
See what having the experience of a community organizer can lead to?
Wow…the right man at exactly the right time!
Amendment X on May 23, 2009 at 12:25 PM
He makes it sound so reasonable to add another trillion or so to the defecit while at the same time we will receive a new healthcare system that will be vastly inferior to what we already have.
He is stupid and dangerous and dangerously stupid.
By 2012 his election will be viewed as a national tragedy that rivals the JFK assasination.
DeweyWins on May 23, 2009 at 12:25 PM
If this guy is “The Messiah” I’m really dreading the anti-christ. Sheesh!
Tim B.
Tim_B on May 23, 2009 at 12:25 PM
And in 2012 his moonbat base will be sitting on their hands.
ddrintn on May 23, 2009 at 12:26 PM
Wait a minute…we still have trees, ink and the Federal Reserve don’t we?
WHEW! I was worried there for just a bit…
Amendment X on May 23, 2009 at 12:26 PM
Obamaku Time?
We’re out of money
So let’s spend some more of it
Doesn’t this make sense?
Disturb the Universe on May 23, 2009 at 12:26 PM
We are out of money, so the solution is to spend more. I believe this is another example of Lefty Logic.
rbj on May 23, 2009 at 12:28 PM
The only solution is more gubmit.
billypaintbrush on May 23, 2009 at 12:30 PM
The feds took over the Mustang Ranch brothel, and it lost money. Our government couldn’t make money turning tricks and selling booze.
.
So, hey, let’s have them take over our healthcare!
iurockhead on May 23, 2009 at 12:30 PM
The US is only taxed at roughly 30% of GDP. Obama/Lefties think it should me more like 40%.
That means 33% increase in taxes…pretty simple
r keller on May 23, 2009 at 12:30 PM
Hetter caption – “Ya think?”
Red Cloud on May 23, 2009 at 12:30 PM
I kept waiting Obama to say “tax increases.” It’s a matter of time before he’ll be saying, “Did I say 95% will get tax cuts? Oh, my bad. I meant tax increases.”
conservative pilgrim on May 23, 2009 at 12:30 PM
Heckuva job Barack.
Gee thanks Barry.Didn’t see that coming.Ususally when I’m out of money I don’t go into
spendingborrowing the largest sum of money I have ever seen in my life to get me out of debt.If I did what he has done I would max out all my credit cards then pay myself a weekly salary and say “Hey…I make $1,000 a week”.He speaks about
destroyinghelping the auto industry but all he has done is to wipe out the most productive segment by putting thousands of dealers out of business without just compensation and thenstealingreturning those assets to the UAW who will sell them off first chance they get.This guy is a wrecking crew.
NeoKong on May 23, 2009 at 12:31 PM
I am passionate about really discussing this. It is the key to small business rebirth, I’m convinced.
Alas, we can’t seem to get past fear.
AnninCA on May 23, 2009 at 12:31 PM
Well thanks for that newsflash Barack..
therightwinger on May 23, 2009 at 12:31 PM
CSPAN has the entire transcript.
amerpundit on May 23, 2009 at 12:31 PM
Uhm, didn’t those health care businesses already say Obama exaggerated their commitment? Is he still repeating the same numbers or did he adjust them down per their push back?
aikidoka on May 23, 2009 at 12:31 PM
You’re painful.
JiangxiDad on May 23, 2009 at 12:31 PM
The people who voted for this man are the ones responsible for the mess this zero is laying on all of us. President Stalin knows that Medicare, Medicaid, and Social Security entitlements need major fixes, yet this snake jacked up spending for unfunded Democratic initiatives, and gifted ownership in Chrysler (and likely GM) to the unions over the lawful ownership rights of first lien bondholders all while ignoring the looming crisis in entitlements and future private and public pensions. Let’s not forget this poseur’s push for energy “reform”.
When the middle class gives their hard earning money away in massive tax increases (so that it can be transferred to the “less fortunate”), only then will they begin to see their zero of a President for who he is.
I hope this idiot lives a long life so that he can know the shame that will be bestowed on him by historians in the future — the worst President in history. Bar none.
jdflorida on May 23, 2009 at 12:31 PM
Such insight who would’ve known.
heshtesh on May 23, 2009 at 12:31 PM
And I do not think Obama cares about this one whit, btw. He’s just interested in being the first AA president.
He is not interested in what would honestly move us forward.
AnninCA on May 23, 2009 at 12:32 PM
Slightly OT:
Saw a surprising bumper sticker the other day in Northern Chicago on a suburban Volvo no less: Impeach Obama.
Next to it: Worst President Ever Already.
Almost ran into the curb I couldn’t believe it.
conservative pilgrim on May 23, 2009 at 12:32 PM
McCain had a good healthcare plan. I think Republicans will try to tweak it and sell it closer to 2010. As for Obama’s ideas, just look to his experience in Chicago.
chunderroad on May 23, 2009 at 12:32 PM
He’s such a slimy rat, it makes my stomach turn.
marklmail on May 23, 2009 at 12:32 PM
I think other’s are correct here.
Either this man is the biggest IMBECILE of all time or he is getting us ready for EMERGENCY taxation.
Or, HOW ABOUT BOTH?
We are SO SCREWED.
Three plus more years of THIS CRAP?
Come on people!
Conservaboomer on May 23, 2009 at 12:32 PM
Mom, Dad? There’s no money for food or the mortgage and the credit cards are maxxed. But I still want a pony.
(or I’m buying some magic beans…)
Skywise on May 23, 2009 at 12:33 PM
Dumber than a box of rocks.
We are so screwed. Please pass the vaseline.
Knucklehead on May 23, 2009 at 12:24 PM
With or without sand.
heshtesh on May 23, 2009 at 12:33 PM
Give that man a kewpie doll.
JiangxiDad on May 23, 2009 at 12:34 PM
:) I understand your pain.
We’re at the tipping point, in my opinion. You’re already being limited by your health insurance for care, via the private plans or employer cutbacks.
To deny this is just to live in a dreamworld.
I am convinced this is the time to discuss this issue honestly.
AnninCA on May 23, 2009 at 12:34 PM
Aw, shucks…now he’ll be forced to raise taxes, for the good of the country and little duckies.
29Victor on May 23, 2009 at 12:35 PM
Interesting. I have the impression that he’s all about domestic programs and that he’s very serious about this one. The cap and trade tax isn’t about the environment, it’s about revenue for health care. What leads you to think he isn’t really interested and will bail?
obladioblada on May 23, 2009 at 12:36 PM
No, McCain’s plan wasn’t all that inspiring, and the reality is why. It was still employment-based, and too many people no longer even qualify for that.
That’s the real issue, as I see it, with employment-based incentives. That’s great in a past life, where people stayed with an employer, etc.
But that’s not today’s market or reality.
AnninCA on May 23, 2009 at 12:37 PM
What a joke. We are out of money but hey, let’s bring in some more unsustainable programs like socialized medicine, cap-n-tax and put the UAW on permanent life support to build more cars no one wants.
The guy really is out of his element. Thanks you stupid Democraps.
FireBlogger on May 23, 2009 at 12:37 PM
That ship has sailed. In September 2008, I might have bought the notion that UHC would make us more competitive with the EU and Canada, if that came along with tax reform Democrats would never support, since Keynesian economics are back. Now drastic cutting back of our entitlement programs are the only way to get our country out of the red.
chunderroad on May 23, 2009 at 12:38 PM
He’s just setting up his move on the Medical industry. In the clip he passes the buck yet again by blaming out of control medical costs, so watch him now use this “crisis” (one he created) to nationalize health insurance to “save” the nation from “high costs.”
smfoushee on May 23, 2009 at 12:38 PM
Simple, he’s letting Congress write the plan. He’ll stand aside while the debates ensure. He’s not going to really get terribly involved.
BTW, I’m not entirely critical. I think he knew taking over that the biggest thing to bully about was getting the financial markets stabilized. There’s only so much even a president can bully about.
But still, this one makes me sigh heavily.
AnninCA on May 23, 2009 at 12:39 PM
Ann, With all due respect, I cannot see how any sane person would still support nationalizing our health care system, given:
a) We can’t afford it (listen again to the clip above, Hussein said it himself)
b) It is unconstitutional
c) all the evidence from where it has been tried clearly shows that it’s been a failure, leads to rationing and higher mortality rates.
UltimateBob on May 23, 2009 at 12:40 PM
We are SO screwed.
Star20 on May 23, 2009 at 12:40 PM
You could be right.
AnninCA on May 23, 2009 at 12:41 PM
Nice try CAdreamin. And BS to your notion that somehow the most important thing we MUST DO to find our way out of Obamamadness, or any other kind of madness, requires health care reform here and now. It’s just one of many issues that could be handled better, and should be, but far from an emergency. And just in case you ask, I don’t give a rat’s ass for the so-called “uninsured,” and anyone here illegally who get taxpayer provided health insurance, and that includes kids and the elderly,and for taxpayer funded abortions.
JiangxiDad on May 23, 2009 at 12:41 PM
Let’s be honest. We all know that the deficit this year alone will be well over TWO TRILLION DOLLARS. However, the one has demanded that the federals cut 100 million over the next five years so all is okey dokey…hey look it’s Rush Limbaugh or Dick Cheney.
jukin on May 23, 2009 at 12:41 PM
Obama’s end game is all coming to fruition.
Break the US.
“The Post American World”
http://papercuts.blogs.nytimes.com/2008/05/21/what-obama-is-reading/
Will anyone challenge this monster before it’s too late?
katy on May 23, 2009 at 12:41 PM
Are you saying that fixing healthcare is the key to firing up the economy?
Knucklehead on May 23, 2009 at 12:41 PM
Good day, Ed. I’m happy you survived your vacation.
Obama made his choices. He chose to invest massively in government expansion, filled with pork projects, with the promise that this would save the economy from meltdown. Has it? The meltdown is continuing at or above the rate that Obama’s econoimists predicted.
So now, we have very little maneuvering room to do anything else about any other problems we face.
We’re out of money. Obama answer? We must spend more money to expand the government to save the economy from economic meltdown.
Hey Rocky! Watch me pull a rabbit out of my hat!
How many times before Americans realize that trick never works?
Loxodonta on May 23, 2009 at 12:42 PM
Really? Honesty? LOL…
Only about 40% of Gen Prac Doctors will now take Medicare patients, becuase the Goverment mismanages the system, and dictates extremely low prices.
Same with TRICARE Prime for us Retired military folks… we can’t go to the Doctors we really want because there are only a limited number of Doctors who can AFFORD to take us as patients…
Had a CANCER scare last year…
Took me SIX WEEKS to get a colonoscopy, took me a further 4 weeks to get an ultrasound… Tests which if I had a reasonable health plan would have been almost immediate… but my doctor had to get approval for the tests, then go through the VA, so two levels of folks to get to sign off on, and schedule, tests…
Welcome to your Government run health care system… I hope you survive the experience.
Romeo13 on May 23, 2009 at 12:42 PM
So you’ll pay a lot more in taxes and wait a lot longer for services and maybe your elderly mother won’t get that hip replacement she needs, but hey, illegal alien Julio will get his drug rehab paid for by the gov’t plan, and illegal alien Maria will get all her prenatal care covered, and that’s what really matters, right?
AZCoyote on May 23, 2009 at 12:43 PM
My perspective is that employment-based healthcare simply is no longer viable. Neither are individual plans. Therefore, we need a different instrument.
Otherwise, there will be no solution.
AnninCA on May 23, 2009 at 12:43 PM
WooHoo we are out of money so lets spend more. That will help us right. We have zero dollars but if we spend a dollar more we will have one dollars instead of being in the negative.
I think my math teachers taught me wrong. I should get my money back.
Brat4life on May 23, 2009 at 12:45 PM
Um, apparently you know NOTHING about McCain’s plan… it took it OUT of the hands of the employer, and gave the individual a Tax CREDIT in order to buy health insurance for themselves and their family.
Romeo13 on May 23, 2009 at 12:45 PM
Yes, announce to your creditors around the world, “hey we are broke”
lorien1973 on May 23, 2009 at 12:46 PM
Fixed it. Still though, the truest thing The One’s ever said.
Kid from Brooklyn on May 23, 2009 at 12:46 PM
AnninCA on May 23, 2009 at 12:46 PM
No, there are other solutions besides the “nuclear option” (government takeover). The free market has been providing them in countless areas for hundreds of years.
Don’t be so quick to give up your liberties.
UltimateBob on May 23, 2009 at 12:46 PM
As I read what he said, the only thing I could think was the scene from the movie Semi-Pro when Dick Pepperfield asks Jackie Moon what his plan is for winning the next basketball game, and Jackie answers “That’s a great question, Dick. I, Jackie Moon, am going to fight a bear.”
bloghooligan on May 23, 2009 at 12:46 PM
No, Romeo, I paid attention.
It wouldn’t have solved a darn thing. Most people couldn’t have even benefitted from McCain’s plan.
It was a bone.
AnninCA on May 23, 2009 at 12:48 PM
I am here in Il and I saw one that said Oh Crap! with the O like Obama’s O. I did a double take when I saw that one.
Brat4life on May 23, 2009 at 12:49 PM
The first step to solving a problem is to admit you have one.
However, the next step is NOT to spend and borrow more.
Loxodonta on May 23, 2009 at 12:50 PM
That is the best one-sentence definition of Socialism and Communism I have ever heard in my life.
logis on May 23, 2009 at 12:50 PM
I am convinced this is the time to discuss this issue honestly.
AnninCA on May 23, 2009 at 12:34 PM
Utilizing the same degree of honesty that was employed to devastate the manufacturing base of this country of course.
heshtesh on May 23, 2009 at 12:50 PM
Government intervention – via taxes and regulation – are the reasons why healthcare is expensive.
Yes, employer insurance does ramp up costs as well because it removes the free market from the equation. But removing it further via some sort of government run system isn’t the way to go.
Look at countries who have this thing in place. UK is $54 trillion in debt or something and their country has, what, 30 million people?
535 people, most of whom are debatably retardeded and have never been in a real business, should not be writing policy that affects such a large part of our economy.
lorien1973 on May 23, 2009 at 12:51 PM
I don’t think he gets terribly involved in anything. He’s good for the professorial discussions of issues given in lieu of providing solutions, attending academic seminar discussions and photo ops. He’s Senator Present. He turned the “stimulus” plan over to the crooks in Congress. I’ve never had the impression that he’s anything more than a figurehead when it comes to planning and implementation.
I’m not being critical of you. I’m genuinely surprised if you expected any leadership out of him. Theory he can do, implementation not so much.
obladioblada on May 23, 2009 at 12:51 PM
Boomer, unless ACORN can be restrained his second term will be assured. So much money being flooded into the ACORN scheme under so many different programs all designed to keep the larger city populations close to the voting precincts.
ACORN’s growing foothold is an untold and under appreciated fact.
The fawning media will never quit the love fest for The One so we cannot expect them to investigate anything that will undermine him.
It’s a nearly complete takeover of our government and way of life.
We can all say we lived to see it and for us old enough can say we once lived in a truly free America where you kept what you earned and where there was no limit to your ability to succeed.
FireBlogger on May 23, 2009 at 12:52 PM
Troll. We’ll fix healthcare when Bambi’s gone. What are your plans now for getting rid of Obama?
We’re not going along with anything he wants unless he wants to resign.
JiangxiDad on May 23, 2009 at 12:52 PM
Too bad Obama’s first step is really denial. Only in the mind of a moron is the solution to a 1.7 trillion deficit adding 600 billion more to it.
lorien1973 on May 23, 2009 at 12:52 PM
AnninCA on May 23, 2009 at 12:53 PM
“We have the insurance companies coming together and commiting to me”
What an egomaniac.
JamesB on May 23, 2009 at 12:53 PM
But, but he’s so smart. If you keep repeating it, it will be true. La la la, I can’t hear you. He’s so smart.
bbhack on May 23, 2009 at 12:53 PM
It’ll never be fixed. The only solution that will -really- fix it removes a ton of power from DC. Thus, it’ll never happen.
lorien1973 on May 23, 2009 at 12:53 PM
Newsflash to the Harvard grad: medicare and medicaid has been an oncoming fiscal trainwreck for 45 years at least. I first heard it identified as such in 1963 on the GE Lecture tour of Ronald Reagan and the retirement of the Baby Boomers was known even then at the crash site.
If he’s just now figuring this out, Harvard really can’t be worth the money, can it?
michaelo on May 23, 2009 at 12:53 PM
You first start health care reform with tort reform.
I think republicans need to get lawyers to see the light on this issue – with gov’t health care, they’re out of business. Completely.
bloghooligan on May 23, 2009 at 12:53 PM
I agree.
AnninCA on May 23, 2009 at 12:54 PM
I would get into a debate about health care right now, but there are fingers on my hand that simply require slamming in the car door first.
amerpundit on May 23, 2009 at 12:55 PM
This guy is not bright at all. And there he goes again with the strawman argument. Two options: your way=bad, my way=awesome!
youngO on May 23, 2009 at 12:55 PM
The Precedent talks about having a short term problem and having a long term problem (neither of which he gets correct) but he declines to talk about our fatal problem – having a lying sack of sh!t, anti-American, third world moron occupying the White House.
What a friggin’ moron this guy is. He needs to be interviewed only when he’s finally in his orange jumpsuit awaiting execution of his sentence.
How much more evidence do the idiots need to understand that this fool is out to destroy America?
progressoverpeace on May 23, 2009 at 12:56 PM
Yes, for about 4 hours. *haha
AnninCA on May 23, 2009 at 12:56 PM
That could very well be one of the dumbest things I’ve ever read at HA, including the crap the trolls spew. You obviously know nothing about economics and I’m not going to sit here and try and explain it.
We’re about to lose our triple A bond rating and I’m sure you have no idea what that’s going to do to the economy either.
Knucklehead on May 23, 2009 at 12:57 PM
Just curious, do you have any personal experience with Medicaid or Medicare? I have, with both, which is why nationalized health care scares the hell out of me.
obladioblada on May 23, 2009 at 12:57 PM
It would be good to have an honest discussion about all the issues that confront us, instead of the dishonest political games that so frequently come out of the president’s mouth, the MSM and Congress.
However, when you and I and all other Americans are out of money and in debt over our eyeballs, an honest discussion does not start with proposals to spend and borrow more money now to save money someday.
Loxodonta on May 23, 2009 at 12:57 PM
Who wants to bet that the next “most vital thing” is going to be bailing out California? We must allllll make sure that liberals in California get what they think to be their just rewards for voting for Barry. Maybe when they figure out how to live with criminals roaming the streets of San Diego, then we can get to the “most vital thing” which is going to be paying for illegal alien’s health care. After that, we can figure out how to keep jobs in OHIO.
Barack HUSSEIN Obama has run out of other peoples money to play with. Good!
Rick554 on May 23, 2009 at 12:57 PM
What the hell is he talking about? And these interviewers are worthless.
I would have asked, what on earth does medical cost have to do with the present credit crisis?
And the only way that we can save money by a federal takeover is to deny care to more and more people, and that’s exactly what the government is going to do.
PattyJ on May 23, 2009 at 12:58 PM
Unfortunately this POS will not lose popularity with a moronic electorate until there are food riots in the streets. Even then he can blame Bush be be believed.
MaiDee on May 23, 2009 at 12:58 PM
Fear, huh? Having been a small-business entrepreneur busily creating well-paying jobs for others my entire adult life, I can tell you that EVERYTHING Obama has done or proposed so far is as deadly as Kryptonite to small business.
The more money the government confiscates from its citizens, the less citizens have for economic activity – we all are rapidly becoming “wage slaves” to the US Government, anybody with a brain already recognizes this and has curtailed all of their “non-essential” expenditures, effectively snuffing out all economic growth.
Guess who is now aggressively in the process of nationalizing all of our “essential” expenditures? (i.e. Energy, Health Care, Banking and credit, Automobiles and transportation) Tell me again how nationalizing anything stimulates economic growth and leads to a “rebirth” of small business.
Lefty logic = stupidity
Fishoutofwater on May 23, 2009 at 12:58 PM
lorien1973 on May 23, 2009 at 12:53 PM
Exactly right.
Don’t forget the coming disaster known as Cap/Trade too.
That will never be reversed either. The Dems are going for permanent programs/policies.
That’s why I say, as much as it pains AP, that talk of an independent republic will become mainstream well before 2012.
THAT is THE solution.
Anyone who thinks America can be salvaged is naive.
artist on May 23, 2009 at 12:59 PM
You are a perfect example of why CA is bankrupt. You don’t deserve the benefits of modern society, as you (and The Precedent and all the idiots like you) are a destructive force set to take everyone back to the stone age, given the opportunity. We’re seeing it happen, right now.
progressoverpeace on May 23, 2009 at 12:59 PM
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