Chris Christie on the Super Committee: What the hell are we paying Obama for?

posted at 9:30 pm on November 28, 2011 by Allahpundit

What are we paying him for? We’re paying him to run for president again, I thought.

A video treat below in honor of Fitch declaring that its outlook on U.S. treasuries is now officially negative after the Super Committee’s failure. Coming next: Another bump down to AA for President Downgrade.

[T]he negative outlook indicates a “slightly greater” than 50% chance that Fitch downgrades the U.S. over the next two years.

“Failure to reach agreement in 2013 on a credible deficit reduction plan and a worsening of the economic and fiscal outlook would likely result in a downgrade of the U.S. sovereign rating,” David Riley, a managing director at Fitch, said in the report…

Fitch warned that further deficit reduction efforts “will not be credible” if they solely rely on cutting discretionary spending. Economists have said Congress needs to quickly move to slash entitlement spending on programs such as Social Security, Medicare and Medicaid.

The failure of the Supercommittee to reach a compromise “underlines the challenge of securing broad-based consensus on how to reduce the outsized federal budget deficit,” Riley said.

Granted, the Committee’s failure further weakens America’s creditworthiness, but on the upside, it’s super helpful to Obama’s campaign narrative about a “do-nothing Congress.” And don’t think both sides on the Committee weren’t keenly aware of it. I think the most O-friendly answer you can muster in response to Christie’s question, in fact, is to ask what good it would have done if he had participated. Even if he was willing to detonate his 2012 messaging by making a deal with the GOP — possibly including entitlement reform, which would tie the DNC’s hands on ads targeting seniors next year — who thinks he still has enough political capital left to get any of the Committee’s Democrats to go along with it?

Two clips, one of Christie and the other of O promising Europe we’re ready to “do our part” to help them out of their fiscal quicksand. What that might mean, I don’t know, but the speculation already has me nervous. Dude, three words: Secret. Fed. Loans.

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Cloward Piven working exactly as planned.

Grunt on November 28, 2011 at 9:34 PM

BHO abandoning the white working class for the non-working Euro class?

Neo-con Artist on November 28, 2011 at 9:36 PM

Two clips, one of Christie and the other of O promising Europe we’re ready to “do our part” to help them out of their fiscal quicksand. What that might mean, I don’t know, but the speculation already has me nervous. Dude, three words: Secret. Fed. Loans.

We need a r3v0lut10n. This is getting out of hand.

blatantblue on November 28, 2011 at 9:37 PM

Why, let’s add Eurodebt to the Fed balance sheet. Everything else is on there.

AshleyTKing on November 28, 2011 at 9:37 PM

Dude, three words: Secret. Fed. Loans.

If that`s the case, it`s pitch forks and torches time.

ThePrez on November 28, 2011 at 9:39 PM

But, I thought TARP was designed to get rid of the toxic assets?!?! I know, I know… but, I didn’t think we’d seriously consider adding to the toxic assets… on purpose.

Neo-con Artist on November 28, 2011 at 9:39 PM

Christie’s opening premise is tellingly wrong: the Tea Party didn’t arise from a frustration with what government can’t do, but rather from a government that does too much. You cannot and should expect sharp analysis on these points from a RINO.

rrpjr on November 28, 2011 at 9:41 PM

Don’t we pay him to take the jobs plan on bus tours?

shanimal on November 28, 2011 at 9:43 PM

not sure why I find this funny, but I find it funny that Christy is speaking in front of a kitchen. ;-)

cannonball on November 28, 2011 at 9:49 PM

rrpjr on November 28, 2011 at 9:41 PM

He also blamed both parties…

… the last time I checked, the Republican controlled House is passing bill after bill to try to get people back to work, but Harry Reid and the Democrats in the Senate sit on them, won’t allow a vote, and still have not passed a budget in over 930+ days.

RINO is right…

Seven Percent Solution on November 28, 2011 at 9:49 PM

Great backdrop for Christie.

JammieWearingFool on November 28, 2011 at 9:50 PM

Christie’s opening premise is tellingly wrong: the Tea Party didn’t arise from a frustration with what government can’t do, but rather from a government that does too much. You cannot and should expect sharp analysis on these points from a RINO.

rrpjr on November 28, 2011 at 9:41 PM

I’m glad you caught that too. The thought going through my head at that point was that the Tea Party coalesced in response to gross government overreach into citizens’ personal business. Occupiers want MORE of that shite.

CantCureStupid on November 28, 2011 at 9:50 PM

Christie’s opening premise is tellingly wrong: the Tea Party didn’t arise from a frustration with what government can’t do, but rather from a government that does too much. You cannot and should expect sharp analysis on these points from a RINO.

rrpjr on November 28, 2011 at 9:41 PM

Great catch, and oh so telling. The guy’s clueless about his own base.

Calling Ann Coulter… would you straighten your guy out please? He flunked Conservatism 101.

beatcanvas on November 28, 2011 at 9:51 PM

Christie couldn’t be more wrong about the Tea Party and OWS. One is pissed off because government is doing too damn much and taking too much money from those of us who work and the other is pissed off because the government ISN’T TAKING MORE! Get a freakin clue!

jawkneemusic on November 28, 2011 at 9:52 PM

Christie’s opening premise is tellingly wrong: the Tea Party didn’t arise from a frustration with what government can’t do, but rather from a government that does too much. You cannot and should expect sharp analysis on these points from a RINO.

rrpjr on November 28, 2011 at 9:41 PM

Should have read the comments. I completely agree.

jawkneemusic on November 28, 2011 at 9:53 PM

We are paying this tool for demagoguery. He does nothing as well.

Basilsbest on November 28, 2011 at 9:54 PM

Dude, three words: Secret. Fed. Loans.

Dude, three words: Secret. Fed. Loans. Swiss. Bank Accounts.

Fixed that.

JellyToast on November 28, 2011 at 9:58 PM

Fat Man:

You could be the front runner right now, but naw…

So zip it unless you wanna do summten abow it.

Bruno Strozek on November 28, 2011 at 9:58 PM

European bailout.

Bailout. Bailout. Bailout.

Bailout. Bailout. Bailout.

Bailout. Bailout. Bailout.

Bailout. Bailout. Bailout.

Bailout. Bailout. Bailout.

Bailout. Bailout. Bailout.

Bailout. Bailout. Bailout.

But they’ll try to call it something else while laundering my money and yours through the IMF.

exdeadhead on November 28, 2011 at 9:59 PM

Unfortunately, we’ll be paying for Barack for many years to come as a nation, not to mention the nice stipend he’ll get when he leaves the White House.

SouthernGent on November 28, 2011 at 9:59 PM

Distractionary Glorified Waste O’Time!!

canopfor on November 28, 2011 at 10:01 PM

Christie’s opening premise is tellingly wrong: the Tea Party didn’t arise from a frustration with what government can’t do, but rather from a government that does too much.

rrpjr on November 28, 2011 at 9:41 PM

Y’all can help set ol’ Chris straight by contacting him here:

http://www.state.nj.us/governor/contact/

beatcanvas on November 28, 2011 at 10:02 PM

Y’all can help set ol’ Chris straight by contacting him here:

http://www.state.nj.us/governor/contact/

beatcanvas on November 28, 2011 at 10:02 PM

Way ahead of you. Just sent him a respectful but stern message.

jawkneemusic on November 28, 2011 at 10:05 PM

Do our part? Who says we have some obligatory part to play in getting Europe out of the economic mess it’s low-life deceiving politicians have led Europe into? Obama is ready dump over to Europe billion$ of other people’s money (ours) to help out. How nice.
I really don’t think Obama actually cares about our debt. To a Marxist perhaps an economic collapse is a great leveler on whose ruins something better can be built. I suspect another economic crash might be okay with him as long as it’s after the elections.

Chessplayer on November 28, 2011 at 10:06 PM

LOL – Check out this Liberal’s Response to Christie’s Video. He is the poster boy of how I think every liberal looks and sounds. http://www.youtube.com/watch?v=OcQSdiXg-Xo

brewcrew67 on November 28, 2011 at 10:07 PM

Two clips, one of Christie and the other of O promising Europe we’re ready to “do our part” to help them out of their fiscal quicksand
=============

Meanwhile………………………

19.08.2011
Chavez to pull Venezuela’s gold reserves out of Europe and US
*************************************************************

Venezuelan gold bars worth 7.7 billion euros ($11 billion) which are stored in banks in the United States and Europe will be removed by officials and either brought back to Caracas or taken to “allied countries” such as China, Brazil and Russia, according to President Hugo Chavez.

http://www.dw-world.de/dw/article/0,,15330803,00.html
=====================================================

@AP
Gold shipment arrives in Venezuela as Chavez begins to remove reserves from European, US banks: http://t.co/MRZwjcoh -CJ
Nov 25 2011 6:57PM
******************

http://www.breakingnews.com/item/ahBicmVha2luZ25ld3Mtd3d3cg0LEgRTZWVkGKy-xwUM/2011/11/25/gold-shipment-arrives-in-venezuela-as-chavez-begins-to-remove-reserves-from-european-us-banks-httptcomrzwjcoh-cj

canopfor on November 28, 2011 at 10:08 PM

Was doing some random thinking in my car today, waiting to meet someone.

There isn’t much hope. I don’t feel hopeful. Western governments are dishonest. They are ignoring the people. They are downright ineffectual, and they destroy everything they touch. Other governments around the world are downright tyrannical. Militant Islam is diffusing from Afghanistan and Iraq into North Africa.

America’s Fed is doling out trillions of dollars with impunity. We have greedy children occupying parks demanding more money, and socialists here salivating.

And what does the GOP offer? Nothing. I am not inspired by these people running for nomination.

There is no hope right now. I had hoped that a Reaganesque figure would appear; a person that would come across as jovial, yet firm. I had hoped that a figure who could properly simplify and articulate the conservative message in an effective and unique, creative way would emerge.

I have NO MORE hope for anything in this world anymore. Bring on the crash.

blatantblue on November 28, 2011 at 10:10 PM

Meanwhile the real numbers roll in!
———————————–

REVEALED: More Details On The Fed’s Breathtaking $7.7 Trillion In Loans To Large Banks
Nov 27 2011
**************

While most people know about Congress’ $700 billion TARP program, the Fed’s secret emergency loans to banks during the financial crisis remains shrouded in mystery..

A new Bloomberg Markets report shines more light on this lending.

After adding up all the guarantees and loans, the Fed committed $7.77 trillion to rescuing the financial system as of March 2009, the report said.

Notably, while the banks were taking these huge loans, they maintained that they were fine
(more………….)
=====================

http://articles.businessinsider.com/2011-11-27/wall_street/30447101_1_emergency-loans-tarp-program-large-banks

canopfor on November 28, 2011 at 10:17 PM

For the record, I don’t want one penny of my tax dollars going to bail out Europe. They were irresponsible, they should suffer the consequence of that irresponsibility. Apparently they have not quite run out of “other people’s money” and are now reaching for some of ours. NO!

crosspatch on November 28, 2011 at 10:21 PM

Dude, three words: Secret. Fed. Loans. Swiss. Bank Accounts.

Fixed that.

JellyToast on November 28, 2011 at 9:58 PM

Wow, Joe Biden commenting on a conservative blog, who’d have thunk it.

/sarc

darury on November 28, 2011 at 10:27 PM

Barry did what he always has when faced with a crisis.

He left town.

GarandFan on November 28, 2011 at 10:32 PM

President ObamAAA
President ObamAA+
President ObamAA
President Downgrade!

shanimal on November 28, 2011 at 10:39 PM

Chris Christie on the Super Committee: What the hell are we paying Obama for?

He’d make a great Muppet.

I mean a sock puppet could do what Obama’s done, with the right voice-overs looking at the pre-written speeches I could do Obama’s job with a sock puppet. I just wouldn’t look as good doing it.

Lawrence on November 28, 2011 at 11:02 PM

blatantblue on November 28, 2011 at 10:10 PM

You said it and I agree. Not hopeful at all.

Mirimichi on November 28, 2011 at 11:11 PM

I have NO MORE hope for anything in this world anymore. Bring on the crash.

blatantblue on November 28, 2011 at 10:10 PM

BB, listen to me, right now! Put away your booze and your blues for the night. You cannot give up. This nation still has patriots in her bloodstream, and a heart that pulses like yours and you don’t even know it. And she needs you now, as she needs all of us.

This country, unlike all the others in history, will be. Do you think that all those incredible founders of this nation just happened to be in the same place at the same time out of happenstance or some last posit from a Ouija game?

Do you think for a moment that men on frozen feet with no coats could have conquered the greatest forces known to mankind to defeat tyranny and secure liberty, without a little help? We are not alone in this task, unless we think that way.

The defeated first battle, then seek victory. The victorious first win, then seek battle. That came from Sun Tsu, of course, but it may have come to him from a higher source.

TXUS on November 28, 2011 at 11:21 PM

Barry did what he always has when faced with a crisis.

He left town.

GarandFan on November 28, 2011 at 10:32 PM

Yeah, but, he’s having a bunker built on the WH lawn, so there is that.

a capella on November 29, 2011 at 12:13 AM

Come on, in your heart you know that Pat Paulsen would have been a better President than Barack Obama (and Pat Paulsen has been dead for 14 years).

J_Crater on November 29, 2011 at 12:53 AM

Am I the only one wondering why Christie’s giving a speech at the Newark Denny’s?

I was expecting him to be interrupted by a PA system, “Number 4, hold the mayo.”

RedCrow on November 29, 2011 at 1:50 AM

Well, it’s Christie. Why was I confused.
(Probably because it would have been, “Number 4, extra mayo.”)

RedCrow on November 29, 2011 at 1:52 AM

Of course both parties are to blame for where we are now. While I think you can of course place somewhat more blame on the Dems you can not with a straight face possibly say that the Repubs over the past 10 years in Congress have restrained spending in any meaningful way.

Mr. Bingley on November 29, 2011 at 6:25 AM

Is Christie also the head football coach @ University of Michigan?Seperated @ birth.

BHO Jonestown on November 29, 2011 at 6:47 AM

…O promising Europe we’re ready to “do our part” to help them out of their fiscal quicksand. What that might mean, I don’t know, but the speculation already has me nervous. Dude, three words: Secret. Fed. Loans.

Buy up their bonds. Then monetize our debt. What better way to redistribute wealth and increase gubmint dependency than by creating rampant inflation.

petefrt on November 29, 2011 at 6:52 AM

I have NO MORE hope for anything in this world anymore. Bring on the crash.

blatantblue on November 28, 2011 at 10:10 PM

We all get a little dejected from time to time. Take a little break from the 24/7 news cycle so you can get that fighting spirit back. Okay….time’s up.

lynncgb on November 29, 2011 at 7:13 AM

I really like this guy, he just lays it out.

mmcnamer1 on November 29, 2011 at 7:22 AM

What are we paying Obama for?

To be the bad example to all future generations of what NOT to do.

ajacksonian on November 29, 2011 at 7:26 AM

Ramirez great Cartoon v. Obama

the great job massacre

maverick muse on November 29, 2011 at 8:42 AM

What are we paying Obama for?

To prove we’re not raaaaacists.

AZCoyote on November 29, 2011 at 8:56 AM

blatantblue 10:10 illustrates how stupid his generation insists on remaining with their heads stuck up their ignoramuses, wishing the crash. That crash means no more federal aid for anything including food stamps when the dollar literally loses all value.

As bad as our situation is, right now is better than that will be given more of the same status quo of Congressional-Executive socialist spending. Count your blessings while you have food, shelter and fuel. And with the coming election, reconsider the importance of reconstructing our own nation’s infrastructure rather than piping down the drain of foreign and futile “bail-outs” what value our dollar yet has.

maverick muse on November 29, 2011 at 8:59 AM

You have to love Chris Chritie …………… but at the same time worry about his health. He needs to lose weight. I would like for him to be around long enough for an eventual run for the presidency

SC.Charlie on November 29, 2011 at 9:47 AM

I have NO MORE hope for anything in this world anymore. Bring on the crash.

blatantblue on November 28, 2011 at 10:10 PM

It’s depressing how much I agree with this.

Consider that we’re about to send billions, even trillions to europe to bail them out. We the people will get no say in this. We will be forced to send our hard earned money to the other side of the Atlantic, to a bunch of people we had no say in electing in the first place. Does any of this sound familiar? Perhaps, to those of us up on our American history, it does. This used to be called “taxation without representation”, and it meant sending American treasure to europeans against our will then too. How will we react this time?

runawayyyy on November 29, 2011 at 10:29 AM

the other of O promising Europe we’re ready to “do our part” to help them out of their fiscal quicksand. What that might mean, I don’t know, but the speculation already has me nervous. Dude, three words: Secret. Fed. Loans.

Wait – so we’re going to Ponzi the Euro-Ponzi-ers? Is this the end game? The very last play before the house of cards comes crashing down?

juanito on November 29, 2011 at 10:57 AM

runawayyy and blatantblue….sadly, I agree. Stock up on ammo, food, and silver coins.

Who is John Galt on November 29, 2011 at 11:04 AM

Anybody taking on obama right now is good so keep it up Christie! We need more people to speak out like he does. I’m not going to criticize him over the teaparty remark because I want him and others around the country to speak out against obama no matter who they are– rino or teaparty…we need them all at this point.

tinkerthinker on November 29, 2011 at 11:22 AM

runawayyy and blatantblue….sadly, I agree. Stock up on ammo, food, and silver coins.

Who is John Galt on November 29, 2011 at 11:04 AM

That is what I am doing.

VegasRick on November 29, 2011 at 11:28 AM

I have NO MORE hope for anything in this world anymore. Bring on the crash.

blatantblue on November 28, 2011 at 10:10 PM

Maybe a crash is necessary to get rid of the progressives once and for all…then that might be something to hope for.

tinkerthinker on November 29, 2011 at 11:29 AM

On the plus-Beautiful backdrop of people working their asses off.
On the negative-They were all working on Christie’s breakfast order.

Little Boomer on November 29, 2011 at 12:09 PM

When you have a political party that represents about 35% of the electorate claiming that any deal hinges on tax cuts for the top 1% and benefit cuts for everyone else, how do you expect to get anything done?

Besides, the idea that wealthy economists are claiming that social security and medicare need to be cut isn’t exactly a surprising development, is it?

Rainsford on November 29, 2011 at 1:34 PM

Christie = awesomesause.

Good Lt on November 29, 2011 at 1:45 PM

BHO would have made a great veep. Except for the craven Republicans, the crazed pop culture and the copycat media, someone would have noticed that he had not accomplished anything.

IlikedAUH2O on November 29, 2011 at 3:05 PM

There is no similarities between the Tea Party and OWS. The Tea Party had and has a legitimate complaint when talking about the failures of the federal government, including not listening to constituents. On the other hand, the perception that OWS has a gripe against the federal government along the same vein has the Tea Party is flat out false. OWS wants the fed to listen to them, but what they want the fed to hear is more free stuff, make everything a right, soak the rich for all they’ve got, and open the borders to anyone and everyone.

No. Comparison.

madmonkphotog on November 29, 2011 at 3:06 PM

Way ahead of you. Just sent him a respectful but stern message. jawkneemusic on November 28, 2011 at 10:05 PM

Wow. Do you work for the UN?

Akzed on November 29, 2011 at 3:30 PM

No. Comparison. madmonkphotog on November 29, 2011 at 3:06 PM

Wrong. Thread.

Akzed on November 29, 2011 at 3:31 PM

blatantblue, Runawayy, JohnGalt

Easy, sailors. This country’s seen just as bad, or worse. Good men, and women, will see this evil out. Imagine the mood during the Depression,and during and right after the Civil War. It must have seemed hopeless then, too. My gut feeling? Since the rest of the world is a real mess, the really wealthy, and powerful will never let this last bastion of capitalism fail.

teacherman on November 29, 2011 at 10:32 PM

“I don’t want one penny of my tax dollars going to bail out Europe.”

They won’t use tax dollars, they’ll borrow it from China, or just create it out of thin air (obama stash).

RADIOONE on November 30, 2011 at 7:40 AM

I think it was Margaret Thatcher who said that Socialism worked great until you run out of other people’s money. They ran out of other people’s money………. I wish any Republican on a news show would point out to the Liberal/Commie media that taking all the 1%ers complete assets would run the government for less than a year. That point isn’t driven hard enough. I’d like to see Chris Matthews face if this bomb were dropped on him on live air. How could he respond?

adamsmith on November 30, 2011 at 10:17 AM

We are paying him to pile all his welfare queen relatives and homies into the white house, party on your dime, chilax wit some 40′s, stuff his pig wife’s face with fancy vittles and ship his bratty little nose pickers off to a fancy pants private school like whitey gets.

Alden Pyle on November 30, 2011 at 10:57 AM