Obama’s plan for a second term? “Investing.” A lot.

posted at 8:41 pm on July 16, 2012 by Erika Johnsen

I already covered a clip of Obama’s major speech at a campaign rally in Ohio earlier today, but for regular readers familiar with my feelings on the manner in which President Obama mistakenly employs the word “investments” — you’ll understand why I can’t let this one go.

His “vision” for a second term, apparently, includes a charming-sounding multitude of brand-new government “investments”: for education, and more teachers; for solar/wind/biodiesel and other such “energies of the future” (yes, I know what you’re thinking — apparently he can see what’s going to happen in the future where the market cannot, he’s just that brilliant); for basic research and science for technological innovation; for rebuilding our infrastructure and putting construction workers back to work; and etcetera.

But it was only after he listed all of those lovely ways in which the federal government plans to spend more of our money on our behalf, did President Obama get around to the single largest impediment to our economic progress and our national security: Our tremendous national debt. And while he was most verbose about his many ideas for spending more money and increasing the federal government’s role in our lives, the extent of the president’s plan for reducing our debt and deficit amounted to, “Let’s do it in a responsible way.” …Uh huh. Kind of like all of that responsible spending in which you’ve actively engaged, adding more to the deficit in your first three years than President Bush so “unpatriotically” did during his entire two-term tenure?

I’m going to need some more details on your plan for drastically reducing government spending and the public debt, please — and while Obama and his campaign are misdirecting everyone’s attention with stories of Mitt Romney’s offshore bank accounts and positing that he may-or-may-not be a felon, his administration cannot even get it together with simple budget review deadlines. Awesome.

The Obama administration has missed another annual budget deadline, failing to send Congress a mid-session budget review before July 16.

The Office of Management and Budget (OMB) confirmed Monday that the deadline for the review, due every year on that date, was not met this year.

“There will be a mid-session review and timing is still being determined,” spokeswoman Moira Mack said….

The document is supposed to contain revised spending, tax collection and deficit numbers to update the February budget proposal.

But, then again, we all know his February budget proposal wasn’t much more than a joke that even Democrats couldn’t summon the energy to defend, so, wash.


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In the United States? I think not. Obama doesn’t get a second term.

However, I hear there will be an opening in Venezuela soon, and that job would be SO MUCH easier for Obama than having to deal with a Congress and a Constitution.

wildcat72 on July 16, 2012 at 8:43 PM

Because the first round was a resounding success!!

Schadenfreude on July 16, 2012 at 8:43 PM

Investing?

Not with my frekin’ money.

Electrongod on July 16, 2012 at 8:43 PM

Bishop!

Sasha List on July 16, 2012 at 8:44 PM

T A X E S…!!!

KOOLAID2 on July 16, 2012 at 8:44 PM

Where is Romney?
Why is Romney silent about this?

GaltBlvnAtty on July 16, 2012 at 8:44 PM

Obama will go to hell in his 2nd term, unless the US wants a living hell all the time.

Schadenfreude on July 16, 2012 at 8:44 PM

Of course Barry is interested in “investments”. He has a lot of people to pay back and pay off.

GarandFan on July 16, 2012 at 8:47 PM

The Obama “Stimulus” made a faltering economy WORSE.
No more Obama “investments”!

ITguy on July 16, 2012 at 8:49 PM

SOS.

tom daschle concerned on July 16, 2012 at 8:49 PM

SOLAR PANELS!

McNinja on July 16, 2012 at 8:50 PM

If you could harness Obama’s bullsh*t and convert it to energy, it’d be enough to power this country for 200 years.

McNinja on July 16, 2012 at 8:52 PM

Your taxes beign whored away, literally, at…Treasury.

Schadenfreude on July 16, 2012 at 8:52 PM

brand-new government “investments”: for education, and more teachers; for solar/wind/biodiesel and other such “energies of the future” (yes, I know what you’re thinking — apparently he can see what’s going to happen in the future where the market cannot, he’s just that brilliant); for basic research and science for technological innovation; for rebuilding our infrastructure and putting construction workers back to work; and etcetera.

Haven’t we already done this for 3 1/2 yrs and aren’t these all his cronies? Teacher’s unions? Check. Failed,almost bankrupt, energy investments for green campaign bundlers? Check. Various green nonsense? Check. More unions? Check.

magicbeans on July 16, 2012 at 8:53 PM

investments= Taking money from productive members of society and giving it to those who are less productive.

newportmike on July 16, 2012 at 8:53 PM

Investing.

Pissing your money away. HARD.

Good Lt on July 16, 2012 at 8:54 PM

“Investing” (ie, outsourcing) $30 billion into foreign solar companies.

Good Lt on July 16, 2012 at 8:55 PM

Only the world’s smartest man would think that borrowing, frivolously spending, and taxing would bring us out of a recession caused by borrowing, frivolously spending, and taxing.

jukin3 on July 16, 2012 at 8:56 PM

Of course Barry is interested in “investments”. He has a lot of people to pay back and pay off.

GarandFan on July 16, 2012 at 8:47 PM

Actually there are much better alternatives than the stimulus approach- and infrastructure should be limited to nothing more than maintaining current transportation and energy assets. You have to remember that multinational corporations do evaluate infrastructure when selecting the location of new facilities.

The greatest generation paid higher taxes to finance and build our current infrastructure. All that the current generation needs to do is maintain it, while not falling behind the developing world.

http://www.usnews.com/news/articles/2011/08/22/are-infrastructure-projects-the-answer-to-americas-jobs-problem

http://www.economist.com/node/18620944

bayam on July 16, 2012 at 8:57 PM

“Umm….I quess those investments…Ahh….weren’t investments after all”

*thunderous laughter*

Electrongod on July 16, 2012 at 8:57 PM

a.k.a.; spending

Or as I call what this guys has been doing…

Throwing piles of tax dollars and borrowed money on the floor for his buddies to steal.
-

RalphyBoy on July 16, 2012 at 8:57 PM

current revenuves are about 17 percent

barry’s world sees spending at 24 percent

simple…41 percent increase in taxes…

r keller on July 16, 2012 at 8:58 PM

Is there still money to loot? These fing criminals have made off with at least a trillion.

tom daschle concerned on July 16, 2012 at 8:59 PM

it’s over, li’l barry…..

It’s Over!

Tim_CA on July 16, 2012 at 9:00 PM

Did anyone faint at this speech?

Electrongod on July 16, 2012 at 9:00 PM

Meaning federal deficits of over 2 trillions a year and national debts going up through the roof.

bayview on July 16, 2012 at 9:00 PM

Old talking points: tax and spend
New talking points: increase revenue and invest

slickwillie2001 on July 16, 2012 at 9:01 PM

Algae are shaking in their boots.

bayview on July 16, 2012 at 9:01 PM

Spend mega-bucks extra on everything… and reduce the deficit too. Man that was easy to say. In fact, didn’t he say that last time around?
-

RalphyBoy on July 16, 2012 at 9:03 PM

Notice how seldom he talks about the greatness of the American people? It’s about him, making investments.

Paul-Cincy on July 16, 2012 at 9:04 PM

Investing alright,he means,

InVestigations probably!!!!!
(sarc)

canopfor on July 16, 2012 at 9:04 PM

I think,Hopey is pandering,er,trying to BUY VOTES!!

canopfor on July 16, 2012 at 9:06 PM

He sounds like a broken record. Or maybe that Sonny and Cher song from the movie, Groundhog Day:

“Then put your little hand in mine
There ain’t no hill or mountain we can’t climb”

http://www.youtube.com/watch?v=Nt4JXKUv5MQ

Ladies and gentlemen, we must channel out inner Bill Murray and SMASH THAT RADIO!

BRunner on July 16, 2012 at 9:07 PM

So,Hopey plans to LollyWag and kick the Can Down The Road,
for a second term,

and,p*ss away more money,while the economy and (Un)Employment
goes further down da ,ahem,tiolet!!

canopfor on July 16, 2012 at 9:09 PM

It’s almost like he doesn’t have a record to run on…

… or something.

Seven Percent Solution on July 16, 2012 at 9:09 PM

Oh…..Oh….and,

Hopey is in,

(Bill Whittles)….LOVE OF THEORY!!!!!!!!!!!!!

canopfor on July 16, 2012 at 9:11 PM

Invest We Much!

forest on July 16, 2012 at 9:14 PM

And we’re going to pay for this HOW? We’re already borrowing about $0.40 for every $1.00 of spending, and he wants to spend even more!

I blame the people who vote for people like this. My neighbors are spending me into ruin.

LilyBart on July 16, 2012 at 9:15 PM

Obama’s strategery is basically more “walking around money”…

No thanks…

Khun Joe on July 16, 2012 at 9:16 PM

In his speech he wants that praise jesus moment so bad… and he ain’t getting it. This dude really sees himself as the second coming. What a POS.

cajun carrot on July 16, 2012 at 9:17 PM

‘investing a lot’ because $5 Trillion worth of Keynesian wastage the last 4yrs hasn’t been enough (yet) to destroy the American capitalist republic.

rayra on July 16, 2012 at 9:20 PM

Old talking points: tax and spend
New talking points: increase revenue and invest

slickwillie2001 on July 16, 2012 at 9:01 PM

It makes for a better story. Way to go…idiot

HoustonRight on July 16, 2012 at 9:22 PM

No wonder Obama seems so enamoured of the new Socialist French president!

OldEnglish on July 16, 2012 at 9:25 PM

Even to Obama his speeches must seem like shouting down a well. We’ve heard it all before.

thatsafactjack on July 16, 2012 at 9:26 PM

Speaking of Teachers…………

Fact finder recommends raise for Chicago teachers
— Jul. 16 8:38 PM EDT

CHICAGO (AP) — An independent fact finder has recommended that Chicago teachers receive a 14.85 percent raise to “compensate teachers for working a longer school day and year,” a union official union said Monday.(More….)
============================

http://bigstory.ap.org/article/fact-finder-recommends-raise-chicago-teachers

canopfor on July 16, 2012 at 9:29 PM

If you add up all the wealth of the billionaires in this country you come up with 1.4 trillion dollars. Obama wants to go into debt that much every year.

Mormontheman on July 16, 2012 at 9:32 PM

I don’t know how much more of this poser I can take.

DuctTapeMyBrain on July 16, 2012 at 9:33 PM

Investing, what a civilized term for pissing away.

antipc on July 16, 2012 at 9:33 PM

Planning on doing a little “investing” myself, as in a few thousand to a couple of the super PACs dedicated to returning Obama, Moochelle, and the entire politburo to private life on January 20, 2013.

Of course, these investments are “for the kids” — MY kids. And, the good news, my investments won’t cost my fellow taxpayers a single dime.

TXUS on July 16, 2012 at 9:34 PM

More solar!

/

tacodawn on July 16, 2012 at 9:44 PM

If you could harness Obama’s bullsh*t and convert it to energy, it’d be enough to power this country for 200 years.

McNinja

I don’t think Obama would put up with having a bag over his mouth for more than a few seconds.

chimney sweep on July 16, 2012 at 9:45 PM

The GOP should get produce a graphic of a DEBT-MAS TREE. Every time Obama proposes a new program or policy, hang another ornament on that tree. Make the ornaments heavy…maybe anchors, so that the branches droop from the weight.

jeanneb on July 16, 2012 at 9:49 PM

You do realize, if this a$$hole somehow gets a second term, we are done, right?
We cannot survive as a country with 4 more years.
I never thought that way before. But what else can be said?

Lanceman on July 16, 2012 at 10:00 PM

Investing.

Pissing your money away. HARD.

Good Lt on July 16, 2012 at 8:54 PM

Oops. I guess repeating the truth works just as well if not better than repeating lies.

antipc on July 16, 2012 at 10:05 PM

SSDD

cmsinaz on July 16, 2012 at 10:11 PM

Lanceman on July 16, 2012 at 10:00 PM

amen buddy

cmsinaz on July 16, 2012 at 10:11 PM

I blame the people who vote for people like this.

LilyBart on July 16, 2012 at 9:15 PM

Yep. Every time I see one of these videos I become more and more bewildered and fixated on the backdrop of supporters. How impaired are these people that they just continue with their nincompoopery? To watch them sit there and nod in agreement to everything this man says… and to chant their desire for 4 more years of this crap, just utterly baffles me.

lynncgb on July 16, 2012 at 10:19 PM

And this is why my wife is still a Japanese citizen. At least I will have the easy option to emigrate if a majority of Americans go socialist idiot.
Not that Japan is less socialist in some ways, but at least my expectations of that country are in line with the reality of that country.

donkichi on July 16, 2012 at 10:25 PM

Aw, now, dontcha know that he wants to invest so that we can all be successful business owners? I mean, isn’t that how it’s done? The government is the means of success and wealth and when we are ALL successful and wealthy, due to Obama’s largesse, well all the debt troubles will be over!

/s

as if I need to add it.

Jvette on July 16, 2012 at 10:29 PM

Someone should point out that Barack Obama invests in successful things and drives them into the ground. Mitt Romney invests in failing things and brings most of them back to life.

njcommuter on July 16, 2012 at 11:21 PM

Early on – I could only tolerate the first minute or so – the PutzOTUS demonstrates the cognitive dissonance typical of the left:

1)We want to ‘invest’ in more education and a few seconds later declares:
2)’we need to help lower tuition costs’. Totally oblivious to the fact that #1 is causing #2.

Sometimes, I guess, ignorance is bliss.

rocksandbroncs on July 17, 2012 at 12:40 AM

Well, if it’s with his own money he’ll be homeless before long given his track record.

jhffmn on July 17, 2012 at 1:37 AM

If government spending is really like “investing” then why aren’t Obama and more Congresscritters in prison. If they had invested like this and were in the private sector they’d be in jail.

gwelf on July 17, 2012 at 1:37 AM

Great Idea Barry ! I am investing my time, money and strength to kick your sorry azz through the goalposts of defeat all the way back to Chicago, and then hopefully into Leavenworth. My vision is to see you in a 6×6 with a orange jumpsuit on.

stormridercx4 on July 17, 2012 at 1:51 AM

Is there still money to loot? These fing criminals have made off with at least a trillion.

tom daschle concerned on July 16, 2012 at 8:59 PM

I’m convinced a financial market “emergency” will be used to either lure, or force private retirement accounts into direct federal control. Sort of a SSI – the sequel. “Wall Street is too risky, to manage the retirement security of our citizens. We’re going to convert retirement accounts to a guaranteed government annuity based on the value of the account before the crash.”

In a financial panic, the sheep will be grateful – “I got my money back!”. Obama will be able to cover the public employee pensions, and the wealth of the middle class will be halved – leaving only their homes….those with any equity.

Kungfoochimp on July 17, 2012 at 2:47 AM

If it is ‘investing’ then where are the stocks and bonds that investors get?

And since the US government can’t hold such shares, why aren’t they given to the actual taxpayers (that is people who pay net taxes, not the freeloaders getting their money back in giveaways)?

Get these companies to give special issuance shares, or special bonds that the American people can buy, sell, trade and otherwise deal with in a free market? Mind you, almost all of it would be in penny stocks, which shows just what sort of ‘investment’ government makes.

Ditto that on ‘bailouts’ as well.

This isn’t ‘investing’: it is throwing money at companies that have political connections. This stuff is cronyism of the most crass sort and Obama says it with a smile as if it is a good thing.

ajacksonian on July 17, 2012 at 6:07 AM

How terribly sad if the Turdlicker-in-Chief is right in his assessment of Americans as too stupid to know that “investment” directly translates to spending their money on useless crap he likes and believes will make the country a “fairer” place.
People know that this just isn’t right. What they don’t know yet is if Romney will want to or be able to make it right. The Odumbo team want to keep that doubt in the minds of the voter so that they will be less likely to pull the lever for change. It is Romney’s job to assuage those fears and remove that doubt. I believe he will do that. He’s just keeping his powder dry until more Americans are paying attention. Soon, my friends…soon.

swinia sutki on July 17, 2012 at 6:33 AM

“Investing” would be the least of all the evils of a second O term…

Pest on July 17, 2012 at 7:08 AM

Perhaps he will enlist the help of Bain Capitol for his ‘investments’. Whaddya mean, no?

ghostwalker1 on July 17, 2012 at 7:34 AM

“Let’s do it in a responsible way.” …

Funny how he never adds any specifics when he speaks but always just lets these things hang there allowing anybody to put any meaning they want on his statements.

The man cannot NOT dissemble and deceive. It’s his DNA now.

Cleombrotus on July 17, 2012 at 7:52 AM

Did anyone faint at this speech?

Electrongod on July 16, 2012 at 9:00 PM

Yes, but fortunately there were paralegals there to administer NPR.

Barnestormer on July 17, 2012 at 7:52 AM

Barnestormer on July 17, 2012 at 7:52 AM

Man, if that doesn’t sum up this administration and how they got there.

Nicely done, sir.

Cleombrotus on July 17, 2012 at 8:06 AM

Every time I see one of these videos I become more and more bewildered and fixated on the backdrop of supporters.

Amen. Even more alarming: these people with their criminally poor judgment are some of the people doing 70 mph on the highway next to you.

jangle12 on July 17, 2012 at 8:07 AM

This Marxist is on track to take every penny you have or have ever saved to achieve his pure Marxist State.

rplat on July 17, 2012 at 8:27 AM

He must have run out of time in the speech, because he left out the part where everyone gets free pony rides and season tickets to Disney World and Superbowl games.

DarthBrooks on July 17, 2012 at 9:00 AM

F Obongo. I am so royally sick of this petulant POS. When will it all end?

I’m actually somewhat hip to our impending societal collapse. At least I won’t have to be subjected to this guy’s lunacy every day of my life.

mapper on July 17, 2012 at 9:37 AM

r keller on July 16, 2012 at 8:58 PM

He’s (They have, really) got the Ponzi game of low interest on savings, a nice general inflation and a few other options to rip off Bill O’Reilly’s folks before they get to something as simple as tax increases.

This poor, silly, little, stupid fool. We could have built infrastructure to be selling cheap energy everywhere on the globe but he had to chase the unicorn fuel. We could also manage our resources better. The unemployed could have been doing something for the last three years.

God must love this country to give us another chance to build what we need in time and avoid real misery like the 1930s.

Pray that President Romney is it.

IlikedAUH2O on July 17, 2012 at 9:48 AM

When you discuss money and politicians, you need to understand that the words they use are the same as normal people do, but they have different meanings, e.g:

Revenue: money brought into the Treasury by taxing the people.
Spend: to decrease the amount of taxes which is taken from the people.
Invest: to use money taken from the people and spend it on some project that is selected by elected or appointed officials.

Spike72AFA on July 17, 2012 at 5:36 PM