Welch on Obama: “He’s Fooling People”

“Accountability” and “Obama” can not seriously be used in the same sentence.

I agree with Jack.

It’s more and more evident to me that we have a spendthrift administration of glib, smiling, self-serving thugs. I can’t honestly say I disagree with its every single pronouncement or every single measure but on the whole, I waver between disappointment and fear. The Chrysler deal is beyond the pale in several ways — a shocker and what should be a wake-up call.

Enter the era of the Salesman-in-Chief. That’s who and what we elected. I think this whole economic plan is a sham from the banks to the auto companies to the budget to the disaster coming down the road call Obamacare.

And the MSM keeps cheer leading: Yes We Can!

Go bankrupt, that is. They leave that part off.

Does this mean that Kieth Olbermann will nominate Obama as a worst person? Or that the DNA on Chris Matthews’s leg will dry up?

They used to have a picture of Nixon with the line “Would you buy a used car from this man?”
Unfortunately if they used Obama’s picture the answer from most people would be “Yes”.

It saddens me to use the word “gullible” for the U.S. electorate.

You mean Welch liked the Notre Dame speech — an invitation (yet again) to endless dialogues and a national conversation, that we should talk and talk and talk about our thoughts and feelings … before BHO goes out and does what he pleases

If only Jack were on TV as much as Obama is. There would be a balance. Something Obama knows nothing about.

OT: Small impact but it was very nice to see Obama’s azz get kicked by congress today. A small but deserved victory for America.

Oberloud will nominate Welch as “Worst Person”, more likely.

What did Congress do? You mean they actually stood up THE ONE.

I was just talking about this today. I am really worried about what’s going on.

Between Geithner and Company who have robbed us to reward the people in their club; and dictating to the car companies; and over-reaching in the huge planned budget, this country is going to be bankrupt.

People are going to wake up one day and wonder how they let this happen.

Great post, LD!

With all due respect, the TOTUS is a poor speaker. He comes across as a cold fish. If the MSM wasn’t part of the coverup of corruption,impeachment proceedings would be taking place now.

Interesting that when Welch left GE and Jeffrey Immelt took over, GE and NBC went 100% with the Obama democrats. GE stands to profit greatly if Obama’s cap and trade energy plan goes through.

Today Obama held some meeting about the energy plan with one of his economic councils, and old Immelt was sitting there right next to him.

An ex CEO but prominent one, spoke out against Obama. I’ll give him credit for that.

The bottom line is the government has NO BUSINESS taking over or regulating private business. They can’t even keep government in order. Politicians know nothing about private business. GM and Chrysler would have filed bankruptcy protection which would have forced employees and union leaders to make concessions in order to save their jobs and ultimately the company. This was nothing more than payback to union leaders for helping Obama get in office. He will bail out the corrupt media next.

Obama and the Dem’s are skating by because shit hasn’t hit the fan yet. But it will catch up to them and watch things crumble quickly.

>>> glib, smiling, self-serving thugs.

This statement maligns glib, smiling, self-serving thugs everywhere.

>>> disagree with its every single pronouncement or every single measure but on the whole,

Well, shucky-darn! Even a BROKEN clock is right twice per day!

Mr. Welch should read NQ. He’s a few steps behind!

There will not be transparency and accountability until we see what our largest banking organization–the US Federal Reserve–is up to. Currently it is hidden from the public. Support HR 1207, the “audit the Fed” bill. Let’s find out.

Obama is playing people; all you had to do is look at Obama’s record and nothing he’s done so far is a surprise to anyone who took the time to see past the slick campaign. But this whole thing about the power of unions is crap is where Welch is totally off his rocker, just like 99% of management it seems.

Look at the Chrysler deal that was to be attempted.

The UAW is taking a HUGE gamble. Knowing that management stiffed the pension funds with government blessing in the 1990s (GM being the big culprit here as they underfunded their pensions and instead used the SUV boom to buy Saab and other foreign automakers), the UAW is taking what is duly owed to them and cashing it in for common stock.

IN the deal, the unions would own 55% of the company, yet only one board director. Fiat, on the other hand, was to get 3 with 20%.

Sorry, this whole “blame the unions for everything” is total BS. If you want to blame the real culprit, blame the legalization of usury in 1979 via a few court decisions. From that point, it’s poison has destroyed industrialized America, exploded the US deficit, promoted trade imabalances. Usury is what allowed this latest bubble to happen…

Don’t get me started with the SEIU though which is a union that’s driven to grow … and then not bother with grievances of existing members…

Interesting article, Larry Doyle.

Sorry, this whole “blame the unions for everything” is total BS.

Of course it isn’t all their fault but they are much to blame. The wages and benefits of union workers is extremely above the average. When our local GM plant asked workers to help pay for their health premiums, they threw a fit and went on strike. Not too many don’t pay anything and I don’t think it’s too much to ask either to help pay for some of your own health coverage. As far as I’m concerned, they assisted the demise by pricing themselves out of a job. Corporate is to blame too because of the exhorbitant bonuses and salaries of managers and overstaffing. Government won’t cut back though. California has a bloated government staff of 80,000 but won’t lay anyone off.

Why is this not being discussed? Scares the hell out of me.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051701728.html?referrer=emailarticle

Submitted by Ron Paul, was it not?

Whatever I think of Jack Welch, when he talks, financial markets listen. “Fake budget.” I love it; this is all a figment of imagination. Fake POTUS, fake budget, fake (auto)biography…

The bottom line is the government has NO BUSINESS taking over or regulating private business.

The reason why were are in this mess is because the government gave up its regulatory role of the financial industry. I agree with the taking over part though.

Where was this concern when President Bush borrowed money to pay for the tax cuts and the Vice President said “Reagan proved deficits don’t matter.” In eight years the Bush’Cheny administration increased the national debt from $5.7 to $10.6 trillion. Is it that only only Democrat deficits bad? Help me because I don’t understand.

When our local GM plant asked workers to help pay for their health premiums, they threw a fit and went on strike.

Management decided to accept the union’s terms on health care rather than hold out for employee contributions.
These companies pay good money to MBAs (way more than a person turning bolts on the assembly line)to forecast earnings and profitability then decide if they can pay the level of wages and benefits the union asks for.

Smooth talking ’salespeople’ can sell ice to the Eskimos, but ultimately our country needs substance over style!!

This is a low-key and concise statement, but it gets right to the heart of the matter. “Style” is not going to stop the crapola from hitting us in the face, and it’s about to hit the fan. Great article, LD.

Benjamin–Yes, Ron Paul has been trying to get the Fed audited for many years. It is only recently that his efforts are gaining momentum.

HR 1207 also has 165 co-sponsors in the House, from both sides of the aisle. Here’s the list of them: http://www.campaignforliberty.com/blog.php?view=18394

Auditing is a necessary first step. As we all learn more about what the Fed is doing, people may also want to consider supporting HR 2755, the “end the Fed” bill.

(OT, but related to transparency I’d also like to recommend a great website, The Daily Bail, http://dailybail.com
which covers any and all news related to bailouts. It’s a great all-in-one-place resource.)

do you have a link for your deficit numbers for Bush/Cheney?

This is not a Republican or Democrat website. This is a website for Democracy. Therefore we do not like deficit and out of control spending no matter which party is doing it.

Your point that the spending during the Bush era was harmful is well taken. Perhaps it is the speed with which the present administration is doing the same (actually much worse) that is most alarming. Plus, we’d had the promise of “change”–and it is most certainly NOT change–it is too much more of the same.

I really wish the chains had been broken years ago, but regardless of whomever’s name this bankrupting is taking place under, it is wrong. If I have a choice between believing in hopey-changey and trusting math, I choose the math, and it is telling me to speak out.

According to your math, in 8 (eight) years of Bush/Cheney at the helm, our deficit rose by nearly $4.9 billion, or nearly 100%. Please calculate how much BO has already increased this deficit; and, by how much his proposed spending is anticipated to raise the deficit if, say, he only has 1 (one) term in office? (Hint: the Congressional Budget Office has those figures.)

President Obama sometimes, disappoints…

Guantanamo won’t be closed…well that’s in the hands of Congress, not something he can change, directly. The reality of separated governance has become more than the original perception.

Habeas corpus…lets only use it some of the time? How’s that gonna work out for the rest of us, you ask? A serious conundrum is being exercised here.

Health Care…no real support for single payer; that Congress has been considering… Trusting the HMOs and medical insurance purveyor’s nebulous promises that they’ll actually trim trillions of dollars in ten years or so…how did that just work out with the insurance giant AIG?

The new [olde] team of economic advisors and cabinet members, all former Wall Street guys that brought us to this tenuous point of possible economic collapse by either their earlier actions or lack thereof.

Don’t Ask, Don’t Tell…President Obama should step up and make an exception here; he’s the CIC. He’s allowing a fluent speaker of Arabic and a decorated pilot and Iraq veteran just two years short of retirement to be booted and lose his well earned retirement benefits.

The non pursuit or dismissal of the Valeria Plame Wilson lawsuit…please explain why that’s a good thing? What about her sources, which were compromised and even disappeared when her identity was revealed by Cheney’s office?

Someone said President Obama is playing the “long game”…

Today, I can only hope “someone” is right!

Tracking stimulus spending may not be as easy as promised.

Bravo, Mr. Welch!

It seemed strange that after 8 years of tax cuts and increased spending, that people are now suddenly shocked that we have deficits. They forget the CBO projected the tax cuts would result in increasing deficits, which is why the legislation was passed with an automatic sunset in 2010. In 2011, without doing anything we go back to the tax structure of 2000.

You can get the national debt from any date at http://www.treasurydirect.gov

Former Ross Perot supporter
Yes, I know now he was crazy.

yes they did,,they said no money for gitmo…lol

only totus is real.

three cheers for the patriot..

The reason no one is discussing this is because Obama says that taxing the rich will pay for it all…..

The media is missing the boat.

As nutty as Glenn Beck seems he is screaming about this and has been since the Bush Administration.

Listen to him for a comedian he makes more sense than the elected officials.

We need more people like Mr. Welch to speak out against the current administration’s rush to even bigger deficits than the Bush administration gave us. Now, if only people would listen.

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