So, while the rest of us were busy working, trying to make a living, President obama spoke about Fiscal Responsibility and cutting the deficit.
(You remember; the Deficit he just drove to all-time record highs with the Stimulus bill? Yeah, THAT one:)
WASHINGTON – Urging future restraint even as current spending soars, President Barack Obama pledged on Monday to dramatically slash the skyrocketing annual budget deficit as he started to dole out the record $787 billion economic stimulus package he signed last week.
“If we confront this crisis without also confronting the deficits that helped cause it we risk sinking into another crisis down the road,” the president warned. “We cannot simply spend as we please and defer the consequences to the next budget, the next administration or the next generation.”
Obama summoned allies, adversaries and outside experts to a special White House meeting on the nation’s future financial health one week after triumphantly putting his signature on the gargantuan spending-and-tax-cut measure designed to stop the country’s economic free fall and, ultimately, reverse the recession now months into its second year.
And as Rush Limbaugh pointed out on his Show today (between gales of laughter), he gave them until 4:30 pm to solve the problem.
And, miracle of Miracles. even the AP is beginning to “Get It.” Look at this Absurd Headline for the above piece:
Obama urges spending curbs, hands out $15 billion
The irony of it all did not go unnoticed on Wall Street:
NEW YORK – The major stock market indexes have staggered to their lowest levels in more than a decade, pulled down by investors’ rapidly waning confidence. The Dow Jones industrial average and the Standard & Poor’s 500 index are at the lowest point since 1997, succumbing to growing worries about a recession that has no end in sight.
The Dow Jones industrial average is down 250.89 at 7,114. The Standard & Poor’s 500 index is down 26 at 743, while the Nasdaq composite index is down 53 at the 1,387.
Declining stocks outnumbered advancers by about 6 to 1 on the New York Stock Exchange. Volume came to a moderate 1.61 billion shares.
Gee, I wish I’d bought some gold — back when i still had a retirement portfolio.