Monday, April 1, 2013

Statement Analysis: President Obama on Fiscal Responsibility


President Barack Obama declared April as
"National Financial Capability Month,” to  teach young people “how to budget responsibly."
“I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices,” Obama.

Note the strength of the pronoun, "I"
Note "their" understanding and not "our" understanding
My Administration is dedicated to helping people make sound decisions in the marketplace,” he said.

note that decisions are to be "sound" while in the marketplace. 
"Together, we can prepare young people to tackle financial challenges--from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account,” he said.
Note not just to "budget" but to "budge responsibly;
Note the use of the word "tackle" indicating challenge. 
Note order:
college
business
retirement

This follows chronology. 
My Administration continues to encourage responsibility at all levels of our financial system by cracking down on deceptive practices and ensuring that consumers are informed of their rights,” he said.

note pronouns.
Note "tackle" above, and "cracking down" here. 
Note "deceptive practices" is not explained in terms of "college, business and retirement" above. 
President Obama has increased the national debt by $53,377 per household since taking office and continues to call for increased spending. 

57 comments:

Anonymous said...

APRIL FOOL...fools. lol

Anonymous said...
This comment has been removed by a blog administrator.
Anita said...

He is the last person I would take financial advice from.

I savor the blog posts about our politicians.

AugustWA said...
This comment has been removed by a blog administrator.
SALurker said...

Please tell me this an April Fool's joke!

Nic said...

Peter said:


Note "deceptive practices" is not explained in terms of "college, business and retirement" above.

President Obama has increased the national debt by $53,377 per household since taking office and continues to call for increased spending.


Note that when people choose to budget responsibly/save they choose "safe" investment products - the ones which are usually government funded products. The more people who budget responsibly in college and retirements (a lot considering which demographics they are targeting) the more money the government gets to use/waste without having to increase taxes on the mass.

Follow the money! :0)

Hobnob said...

i wonder if he is familiar with the saying "practice what you preach"?

Apple said...

As I read these comments, I thought- you and Heather must have a field day using SA on our comments. Haha!

Anonymous said...

Very simply, Anon @1:55; Dubya had already blown all the many billions of dollars we had in EXCESS in our budget after he took over and created our fake war, running this country deeply into debt. He blew it all destroying this country financially as well as numerous other countries around the world. Thank your former leader and your idol-worship for him, AND yourselves who supported him, for the mess we're in now.

ANY president would have to do something drastic just to keep us afloat now. However, just the mere idea of having to explain this to someone is so stupid they cannot grasp the REAL situation as it happened, nor can they see where we are now, is just a total waste of time.

Blinded eyes never see the truth when it concerns someone they falsely worship vs another one they despise for no reason other than pure hatred down in their gut.

Lis said...

April Fools indeed!

Obama is no different than any recent president in that they cannot stop the spending or control it at this point. We are a snowball gaining speed downhill.

As far as his lofty words, it is "do as I say, not as I do." In actuality, if an individual follows the government's example in their own private finances, they will quickly realize ruin and bankruptcy. For that matter, much of what the banks and government do would be illegal for an individual to do i.e., one cannot lease a piece of land and use it as collateral for a loan, much less for a loan that is only to make payments on other loans that one cannot pay anymore. And, one cannot lease the same piece of land to multiple different people so that they can all secure loans using it as collateral. Yet this is the type of thing going on, trying to keep us afloat as long as possible. I don't see anywhere it can end besides inflation.

Inflation is no different than a tax. If the government raises taxes to pay for their spending, it takes money out of our pockets. If they print money to pay for their spending, it causes inflation, and our dollars are worth less and buy less, so in effect, it also takes money out of our pockets.

But, the American people are complicit in this. We have sold our votes to those who make promises to provide for us out of other peoples' money.

Recently, a top Obama aid said to financial analyst Kyle Bass, "We're going to kill the dollar" leading to speculation as to exactly what he meant and what the powers-that-be have planned for our economy in the future.

You cannot keep spending money you don't have at the individual level or at the government level.

Lis said...

President Barack Obama declared April as "National Financial Capability Month,” to teach young people “how to budget responsibly."

-it is interesting it is named financial 'capability' month, instead of a word like 'accountability' or 'planning'. Capability sounds more upbeat but not as down to earth or realistic.

-"responsibly" added unnecessary word- can you budget irresponsibly?

“I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices,” Obama.

-"I" call. "Call" seems like a strong word like "direct". "They" should improve their understanding of financial principles and practices. I agree with him. I wish the government would do so, likewise! The US government borrows 46cents of every dollar they spend- do they recommend that individuals do this?

“My Administration is dedicated to helping people make sound decisions in the marketplace,” he said.

-They are not dedicated to helping people make general sound decisions, but decisions regarding "the marketplace." "The marketplace" is where one buys and sells (not where one saves). I believe this points to the fact that they need people to keep spending in order to keep the economy afloat. This may explain the "responsibly" added to budget, above.

"Together, we can prepare young people to tackle financial challenges--from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account,” he said.

-I think it is laudable to encourage young people to start taking responsibility for their own financial provisions instead of counting on the government to provide for them.

-"saving" for college: According to Forbes, more than half of student loans are currently either deferred or in default. (Yet, in WA state, they are currently introducing a bill to extend eligibility for student loans to illegal aliens!)

-"opening a retirement account" will be important as the social security system is becoming more and more stressed (but will inflation wipe out savings in the future?)

“My Administration continues to encourage responsibility at all levels of our financial system by cracking down on deceptive practices and ensuring that consumers are informed of their rights,” he said.

-"continues" implies that this has been ongoing. Has it? their example has been of an inability to cut even the smallest amount of waste.

-"at all levels"- including the government and the banks that are "too big to fail" which we taxpayers are currently paying something like 8 billion per month to bail out?

-They are continuing to encourage responsibility "by cracking down on deceptive practices and ensuring that consumers are informed of their rights." This is a good start, there have been some improvements made in credit card disclosure, for example. But we need a much more comprehensive change than that!

There is a great, non-partisan site that puts the financial realities of our time into graphics form so they are easier to visualize, if anyone is interested. I find it becomes meaningless to me when they are discussing terms like "trillions" of dollars, how do I even imagine that kind of number? I think most of the numbers are a couple years old but you can still get the picture. http://demonocracy.info/ According to this site, "If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now... but ~$700 billion- same amount the banks got during bailout."

To anon at 12:01, you have to go back much farther than Bush or Cheney to get to the beginning of our financial disaster. Decades earlier.

Anonymous said...

typo: Cypres

Excruciating Headache said...

Yep. Anonymous called this one correctly. It is clear that Obama cannot be analyzed properly on this site due to a strong conservative bias. Once again, the president is probably reading someone else's words, which would effectively render this useless for statement analysis purposes.

You may want to consider taking a neutral stance on politics if you want a diverse readership. I am sure I'm not the only liberal who frequents your page.

DawnSoCa said...

Most of law enforcement is conservative and that is because they seek justice, whereas liberals tend to want more than their fair share (not just.) Peter has every right to analyze anyone's statement he wishes - it's his blog. If you don't like, do not read. Obama has lied so many times that it's only natural to look to his statements to see examples of lies. In this case, it's just comical.

Lis said...

The more I roll this around in my mind, the more I am getting the feel that they want to present a concept that continued spending and investing "in the marketplace" (the stock market) is part of responsible financial planning (budgeting "responsibly").

Anonymous said...
This comment has been removed by a blog administrator.
sidewalk super said...

How much longer do we have to see this absolute creep saying one thing and doing another while extorting special interest groups?
Aaiieee!

Anonymous said...

Obamas way is not going to work. Who is spending? Not anyone I know! NO customers have money to spend.

Money needs to be in the hands that earned it, not the gov't.

Obamas way is forcing my once middle class family into poverty. Well, we are already there. I am thinking of applying for food stamps and free lunch at school.

I own a business that supports 4 families. They will all be in the unemployment line soon, but not me.I can't collect unemployment because of some rule that self-employeeds don't get to. It's a very depressing situation to be in. I am so worried for my son. I want him to experience fun things like skating and camping and beaches. But we have no money!

Anonymous said...

Obamas way is not going to work. Who is spending? Not anyone I know! NO customers have money to spend.

Money needs to be in the hands that earned it, not the gov't.

Obamas way is forcing my once middle class family into poverty. Well, we are already there. I am thinking of applying for food stamps and free lunch at school.

I own a business that supports 4 families. They will all be in the unemployment line soon, but not me.I can't collect unemployment because of some rule that self-employeeds don't get to. It's a very depressing situation to be in. I am so worried for my son. I want him to experience fun things like skating and camping and beaches. But we have no money!

Anonymous said...

Well, I'm sure you applied all these same techniques to rip apart GW Bush's statements leading up to the weapons of mass destruction debacle, right? What? You didn't? So, you're just a partisan hack, then? How disappointing, and here I was starting to think this blog might have something valuable to say.

Lemon said...

What???!!!! Obama's not a conservative?
I don't see party. Some of my best friends are party.

Lemon said...

Somebody's been into the boxed wine again.

Anonymous said...

wow, just wow. just wow at people's reactions here. Please, take all the financial advice from Obama you want. But be careful to do as he does and not as he says if you want to be rich like him. There are none so blind as those who will not see!

Peter Hyatt said...

I'm not certain where more humor lies...

in an article about a politician giving out financial responsibility advice or...

in comments defending him.

Staring at the fence, angry at the fence, and debating about the fence, but never bothering to look over it.

Anonymous said...

but never bothering to look over it

Says the idiot who strictly trashes Democratic politicians while quoting from Conservative news sites......................

Anonymous said...

And that's exactly what you should be doing, Peter. Looking OVER the fence.

I'm not taking Obama's "advice" or anyone elses; OR defending him. What I'm seeing is what lead up to all this and that answer is GEORGE DUBYA BUSH and his buddy Cheney; the very ones that some of you gleefully clapped for with eyes shimmering and glossed over in merriment; so SURE, and so very glad to allow GWB to break this country and run us deeply in debt to support his evil war and the extermination of many innocent people, including our OWN.

Ah, but many of you drank the kool-aid. War, war, war is what you all wanted, because GWB SAID SO, and be damned with the loss of lives and the costs that left us totally broke and billions of dollars in deficits for decades to come, when initially we had a SURPLUS in funds. All blown by GWB, CVheney and THEIR Admn.

Now, there isn't one damned thing Obama or anyone else can do to straighten out the economy that our country (and many others) were left in by the Bush Admn. All we can do is pray that Obama and his Admn doesn't make it worse.

I don't even understand why you raise these political issues Peter? Is it just to stir up anger and controversy that you KNOW will never be solved? You enjoy this? It would seem so.

So I guess you'll just delete my post because it doesn't agree with you, angers you, and you can't bear to read an opposing viewpoint; which happens to be the truth, just not your own perspective and for which you have no logical explanation as to WHY GWB is being excused for having destroyed our economy (including yours), other than to find a handy scapegoat in the person of Obama?

Anonymous said...

Bravo Anon 9:48am!
Just as the statements one chooses to state says alot about the person, so does the statments one chooses to analyze.
Being biased by only choosing to analyze democrats and liberals discredits the professionalism and integrity of the analyzer.
Peter will never analyze a conservative's or republican's statements because he knows if was accurate, deception would run rampant in their statements.
~
Very disappointing. I will go elsewhere for true statement analysis.
~
Rose

Anonymous said...


Anonymous said...

So I guess you'll just delete my post because it doesn't agree with you, angers you, and you can't bear to read an opposing viewpoint...

Actually, I would rather he do a statement analysis on it.

Anonymous said...

Anonymous said...
Bravo Anon 9:48am!
Just as the statements one chooses to state says alot about the person, so does the statments one chooses to analyze.
Being biased by only choosing to analyze democrats and liberals discredits the professionalism and integrity of the analyzer.
Peter will never analyze a conservative's or republican's statements because he knows if was accurate, deception would run rampant in their statements.
~
Very disappointing. I will go elsewhere for true statement analysis.
~
Rose


Rose! He is the president of the USA! It matters if garbage is coming out of his mouth!

Anonymous said...

I don't think Peter is only choosing to analyze democrats and liberals, I think he's only choosing to analyze liars.

Anonymous said...

But this was a press release from the White House. It is on the White House website. Here is the link and here is the entire release. They are not his own words. That's a huge point that Peter is completely ignoring.
He has a team that writes for him.
=
http://www.whitehouse.gov/the-press-office/2013/03/29/presidential-proclamation-national-financial-capability-month-2013
~
The White House

Office of the Press Secretary

For Immediate Release March 29, 2013 Presidential Proclamation -- National Financial Capability Month, 2013
NATIONAL FINANCIAL CAPABILITY MONTH, 2013

- - - - - - -

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

A PROCLAMATION

All Americans deserve the chance to turn their hard work into a decent living for their families and a bright future for their children. Seizing that opportunity takes more than drive and initiative -- it also requires smart financial planning. During National Financial Capability Month, we recommit to empowering individuals and families with the knowledge and tools they need to get ahead in today's economy.

My Administration is dedicated to helping people make sound decisions in the marketplace. Last year, we partnered with businesses and community leaders to roll out new public and private commitments to increasing financial literacy. We released a new financial capability toolkit to help schools and employers as they launch their own initiatives. And with our College Scorecard and Financial Aid Shopping Sheet, we are working to give families clear, transparent information on college costs so they can make good choices when they invest in higher education. Together, we can prepare young people to tackle financial challenges -- from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account.

Financial capability also means helping people avoid scams and demand fair treatment when they take out a mortgage, use a credit card, or apply for a student loan. My Administration continues to encourage responsibility at all levels of our financial system by cracking down on deceptive practices and ensuring that consumers are informed of their rights.

We also know that too many families are living paycheck-to-paycheck, unable to take advantage of tools that would help them plan for a middle class life. That is why we must build ladders of opportunity for everyone willing to climb them -- from a fair minimum wage that lifts working Americans out of poverty to high-quality preschool and early education that gets every child on the right track early. These reforms would encourage the kind of broad-based economic growth that gives everyone a better chance to secure their financial future.

Our history shows that there is no economic engine more powerful than a thriving middle class. Reigniting that engine means giving ordinary citizens the tools to find prosperity, including strong financial capability. To learn more about managing money and navigating the 21st-century marketplace, visit www.MyMoney.gov and www.ConsumerFinance.gov, or call 1-888-MyMoney.

NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim April 2013 as National Financial Capability Month. I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices.

IN WITNESS WHEREOF, I have hereunto set my hand this
twenty-ninth day of March, in the year of our Lord two thousand thirteen, and of the Independence of the United States of America the two hundred and thirty-seventh.


Anonymous said...

Anon at 12:20pm. Analyzing liars???
ok, fine. All politicians do lie. The president lies. But if one is going to analyze liars then why not analyze republicans that lie too?
Like the jeeps to china lie.
Doubling the deficit lie.
Apology tour lie.
Removing work requirements lie.
Auto Bailout lie.
Death panel lie.
Marathon times lie.
Janesville plant closing lie.
Taking stimulus money lie.
and on and on...

Apple said...

There are a lot of nasty hateful words written when you analyze Obama, Peter. It speaks volumes.

Lis said...

I cannot understand why people are so upset about this article, even if they love Obama. What exact words in the article upset you? I am curious!

Lemon said...

"I will go elsewhere for true statement analysis."
_________

Please. Do.

Anonymous said...

Peter is being deceptive in how he presented this post. I am a moderate independent. Social liberal, fiscal conservative. I don’t love Obama and I’m quite critical of him on many of his policies including transparency, drones, and jobs. Because of my objectivity I can obviously see the following:
1) Peter never listed the source but more times than not he never lists the source which is a copyright violation. No integrity.
2) Listing the title as President Obama on Fiscal Responsibility and then noting that the President Obama has increased the national debt and continues to call for increased spending. Pointing out hypocrisy in Obama’s words. Forget year to year spending increases have been less than 1% and that they are at the lowest rate of year to year increases since Eisenhower. But that doesn’t fit into the narrative. Cognitive dissonance.
3) But yet these are not Obama’s words even though Peter tries to deceive you into thinking it is because of the quotes and stating Obama said.
This was a press release that is posted on the White House Website. Analyzing a speech writer’s words are not the same as analyzing the President’s words.
4) Peter is very partisan when it comes to politics which lessens his credibility to detect deception. He only sees deception in what he wants to see. That is unprofessional and lacks critical thought.

Anonymous said...

Lemon you never seem to have an independent thought.

Lemon said...

"The subject is dead; the statement is alive."

Lemon said...

Anon,
Thank you for the compliment.

Anonymous said...

Again Lemon repeating what you are told. Who's statement is it?
What type of statement is it?
What is the context? Is it someone's actual words? What is the statement in its entirety?

Anonymous said...

Lemon, lacking independent thought is not a compliment. No wonder you're messed up.

Lemon said...

Anon, you didn't say I lack independent thought, only that I "never" "seem" to have one.

Your lack of commitment to your statement is gratifying.
You should pay closer attention to statement analysis and not be so ornery. It would be of benefit to you.

Have a nice day.

Jen said...

I just love the irony of an ANONYMOUS poster proclaiming their opinion as THE TRUTH! If it was THE TRUTH (even to them), wouldn't they want to sign their name and own it, taking credit for THE TRUTH they are bestowing on us all? Either way, when it comes to politics/politicians, 'truth' is matter which is subjective, at best.

As to the topic of dismissing analysis on the Presidents words due to his 'writers'...we all know how this works. However, if you take a moment to read the 'proclamation' you will see it is titiled...'BY THE PRESIDENT OF THE UNITED STATES OF AMERICA, therefore the words that follow will be attributed to him for all intents and purposes. Thirty years from now when something is quoted from this statement, or any other statement attributed to Obama, there won't be an asterisk next to the quote saying...*Obama's writer's actually wrote these words/composed this speech*. If the Pres. was in disagreement with the 'proclamation' and it's content, he would not have approved the statement and allowed it to be attributed to him.

Although we have grown to expect such hypocrisy from our 'leader', it takes a surprising level of audacity to speak on the topic of fiscal responsibility and 'budgeting', considering the fact that Obama himself has FAILED to pass a federal budget 4 years and running.

Also Obama is a democrat, (not a republican or a liberal, although you wouldn't know it) which provides the very obvious reason WHY a republican politician isn't being analyzed. There's only one President, he's a democrat, and he's the person who this 'proclamation' is attributed to.

Lemon said...

I hereby state for the record that all comments, both foreign and domestic, written by me cannot be attributed in an inane fashion to speechwriters, ghostwriters (boo!), other citrus fruits, vegetables of both root and stem, or any other created being, so help me God, and shall not be reproduced without the express written consent of the National Football League©.

Anonymous said...

Jen it doesn't matter whether I click the anonymous box or the name box. Both are options.
Just because I state my name is Jen makes me take ownership for it??? If you don't want to hide, then why just use Jen?
Why don't you use your full name?
~
Yes this proclamation will be attributed to Obama but it is not his actual words.
Statement Analysis depends only upon the subject's statement from the actual subject.
~
Jen

Anonymous said...

Lacking independent thought and not having one. Same thing.
Please explain your statement: "Your lack of commitment to your statement is gratifying"

Jen said...

For clarification the anon post at 4:09 is indeed an Anon, not me...I post as 'Jen' in the name section and will continue to, as I'm sure it's not difficult for regular readers to discern the different 'styles' of my post, and the Anon.

To Anon-

I go by Jen, my name is Jennifer but everyone calls me Jen. This is a casual forum, and I do not expect to be addressed by my full legal name. To further answer your question, as to WHY I do not use my 'full' name on a public website...the site does not belong to me and I don't want my identity stolen or hacked. As you have clearly demonstrated by signing your post with my 'name', some people feel compelled to impersonate others, be it online or otherwise.

Choosing a name and posting under it consistently allows a rapport to be built among readership. We don't always agree on everything, but you will notice that most of us posting under a 'name', treat each other with respect. While all of our 'names' provide a level of anonymity, there's an obvious motive for why SOME choose to post 'Anon'. Their desire being to avoid/share responsibility for spewing hateful, insulting comments at others, regardless of the topic.

Hiding behind 'Anon' allows these certain posters to pretend they weren't the author of offending posts and continue to participate in this blog/discussion, without facing repercussions for their lack of social graces and absence of respect for others.

ACH said...

Also, when you post as Anon you can then post again as another Anon, patting yourself on your back & congratulating yourself on how clever & benevolent you are for bestowing the "Truth" on us mere mortals.

Thank you, ACH

Anonymous said...

Peter is gaining readership, not losing it.

Anonymous said...

anon at 4:54

so, like,...why are you... still here?

is it to try to bully Peter into posting only what is OK with you?

Peter is free to write about what he wants. How about you respect that?

Lis said...

If anyone wants to have a hay day analyzing a president's words (sorry- speechwriter or president, if he takes credit for them, they are his!), I humbly submit this article: President Lyndon B Johnson's Remarks at the Signing of the Coinage Act from July 23, 1965.

It can be illuminating to read speeches where we know how the ending turned out. This one is one of my favorites in that regard: http://www.presidency.ucsb.edu/ws/?pid=27108

Question: at the time, did he really believe what he was saying? I leave it to you to decide!

Anonymous said...

By NEDRA PICKLER and MALCOLM RITTER — Associated Press

WASHINGTON — President Barack Obama on Tuesday proposed an effort to map the brain's activity in unprecedented detail, as a step toward finding better ways to treat such conditions as Alzheimer's, autism, stroke and traumatic brain injuries.

He asked Congress to spend $100 million next year to start a project that will explore details of the brain, which contains 100 billion cells and trillions of connections.

That's a relatively small investment for the federal government - less than a fifth of what NASA spends every year just to study the sun - but it's too early to determine how Congress will react.

Obama said the so-called BRAIN Initiative could create jobs, and told scientists gathered in the White House's East Room that the research has the potential to improve the lives of billions of people worldwide.

"As humans we can identify galaxies light-years away," Obama said. "We can study particles smaller than an atom, but we still haven't unlocked the mystery of the three pounds of matter that sits between our ears."

Scientists unconnected to the project praised the idea.

BRAIN stands for Brain Research through Advancing Innovative Neurotechnologies. The idea, which Obama first proposed in his State of the Union address, would require the development of new technology that can record the electrical activity of individual cells and complex neural circuits in the brain "at the speed of thought," the White House said.

Obama wants the initial $100 million investment to support research at the National Institutes of Health, the Defense Advanced Research Projects Agency and the National Science Foundation. He also wants private companies, universities and philanthropists to partner with the federal agencies in support of the research. And he wants a study of the ethical, legal and societal implications of the research.

The goals of the work are unclear at this point. A working group at NIH, co-chaired by Cornelia "Cori" Bargmann of The Rockefeller University and William Newsome of Stanford University, would work on defining the goals and develop a multi-year plan to achieve them that included cost estimates.

The $100 million request is "a pretty good start for getting this project off the ground," Dr. Francis Collins, director of the National Institutes of Health told reporters in a conference call. While the ultimate goal applies to the human brain, some work will be done in simpler systems of the brains of animals like worms, flies and mice, he said.

Collins said new understandings about how the brain works may also provide leads for developing better computers.

Anonymous said...

Brain scientists unconnected with the project were enthusiastic.

"This is spectacular," said David Fitzpatrick, scientific director and CEO of the Max Planck Florida Institute for Neuroscience in Jupiter, Fla., which focuses on studying neural circuits and structures.

While current brain-scanning technologies can reveal the average activity of large populations of brain cells, the new project is aimed at tracking activity down to the individual cell and the tiny details of cell connections, he said. It's "an entirely different scale," he said, and one that can pay off someday in treatments for a long list of neurological and psychiatric disorders including schizophrenia, Parkinson's, depression, epilepsy and autism.

"Ultimately, you can't fix it if you don't know how it works," he said. "We need this fundamental understanding of neuronal circuits, their structure, their function and their development in order to make progress on these disorders."

"This investment in fundamental brain science is going to pay off immensely in the future," Fitzpatrick said.

Richard Frackowiak, a co-director of Europe's Human Brain Project, which is funded by the European Commission, said he was delighted by the announcement.

"From our point of view as scientists we can only applaud and say we will collaborate as much as possible," he said. "The opportunities for a massive worldwide collaborative effort to solve the problem of neurodegeneration and psychiatric disease will ... really become absolutely feasible," he said. "We need that."

Ritter reported from New York.

Anonymous said...

Oh, now you have gotten me fired up. I shudder to think of the true figure of money (taxpayer money) that was pissed away in order for Obama to repay the bundlers ...

Anonymous said...

continued.......

Too many green job failures to list but if you desire they are easily accessible. He has never really had a true job where he had to meet a budget or be fiscally responsible, so to think he's now some expert as a venture capitalist is almost funny, except that's our hard earned money he pissed away. True venture capitalist generally have skin in the game, their capital is at risk so you tend to really dig into a companies books and do an excessive amount of due diligence, but when playing with other's money , why bother.....you are paying back those who helped elect you so F the American taxpayers, it accomplished his true goal. I am going to describe my job or aspects of it because it ties into how frightened people are about this very aspect of a POTUS that thinks he knows better than anyone, most surround themselves with a staff so brilliant and know that they can't possibly be an expert in EVERYTHING , well except Obama. I am a broker for the FICM division of my company, Fixed Income Capital Markets and we work solely with institutions and not individual clients, but the every day fear or your average mom and pop are a huge portion as to why my business has never been better and I haven't been able to take a break since before the election. For instance when we have depositories for our account as in a bank or credit union they have to invest to make money on a certain amount of their capital,

Anonymous said...

continued....
it's their fiduciary responsibility but it's become very hard because every day mom and pop are scared to death so they aren't spending even if they have plenty of money to do so, they are hoarding their case so the banks credit unions have excess liquidity (way too much cash) so that is where I come in, I think last yr we invested easily 1.5 billion on their behalf, and it's not like they are getting huge returns on their investments because bonds right now and in fact for the past few yrs have yields I have never seen in my life, these institutions are ok with investing 100 million and I mean that could be in a month, for a grand yield of maybe 1.35 %.....they have to in order to earn money on the spread, as anything is better than nothing.

Anonymous said...

continued...
So, thanks to his administrations reckless policies I am flush with cash so now I am doint the same thing and putting everything in the bank vs spending which is what creates the circle I benefit from. Then on top of that you have other corporations making profits but not hiring and not expanding their business as they used to because they are so frightened and more than that the worst issue they deal with is mass uncertainty, uncertainty over what is he going to do next, end runnng Congress to implement back door cap and trade, Obamacare which has stopped most in their tracks to a screeching halt on hiring and many are cutting their employees hours to make sure they are not considered full time employees, that in no way helps our economy....it's been 5 yrs of not just your average joe that understands basic economics but huge corporations sitting on their hands due to what I have posted and I never even got to the tax issue, that plays a huge role too....uncertainty screws with the economy and recovery more than anything. And while they brag about employment numbers coming down it's all a spin job, this months release of the unemployment number showed it come down to 7.6% BUT it wasn't because some mass quantity of private sector jobs were created, no - it was due to over 660,000 people giving up, saying screw it why should I bother anymore or so discouraged they just can't function....so they aren't counted int he rolls anymore, how convenient. All in all I wish everyone understood the most basic economic principle, and I scream out of sheer frustration when I hear the hard core left tak about how many jobs Bush didn't create......without the foggiest idea that for the vast majority of his presidency we were at what was considered full employment, there is no need to create massive jobs at full employment but who cares to rebut these folks when they have no clue what hal of what I just posted means nor a desire to learn, and the admin has the ear and enthusiasm of low information voters, or those with white guilt, who cares if he;s qualified, IMO it's all about either righting a perceived wrong or a feel good story because of his race......all the while forgetting he is also half white. Now as he spins this fair share BS, and it is BS considering the amount of taxes as a percent the top 1 percent pay or even the top 5 percent. Reality is we are past that tipping point where the amount of those on gov't handouts vs the amount of those working to pay the taxes to pay for the handouts is scary and has anyone considered what is going to happen when the top 5 percent say screw it, I will move to XYZ County and that is already happening , so who is going to pay for those handouts, there won't be enough money going into the treasury to care for those in need, and I don't lack compassion for those who truly need a break.safety net but I don't have it for those using it as a vocation. In the end Obama may realize his "dream" or total equality when everyone except the ruling class (politicians) are equally poor and living in dire circumstances ... I could go on and on but I won't, that should be enough to get anyone who is honestly wondering WTH is going on to start looking, it's all there in black and white and I realistically shouldn't bother to tr and expose this because I benefit HUGELY financially but I'd rather not if it meant our country was on solid footing financially and my kids / grandkids will bear the brunt of a messianic, power hungry POTUS know it all who is nothing more than a community agitator living in govt housing. God be with us, we are sure as hell going to need it.