Monday, May 11, 2009

Dear President Obama: Sorry, Sir, but I DO "blame you" for our horrific deficit.

Look, I appreciate having a staff of leg-humpers as much as the next guy. But Orszag really isn't doing you any favors by trying to tell us this massive deficits YOU'VE run up aren't your fault.

See, Mr. President, those of us paying attention know the dirty little secret that your scum are unwilling to say: If (as if it were ever possible) the deficit had, somehow, miraculously shrank, that moron Orszag would have come out and told us all that it was a direct result of YOUR efforts.

OK. I can accept that. Except for one thing: If GOOD economic news is your doing...

... then so it the bad.

You were warned by the Congressional Budget Office NOT to dig us deeper in debt with your bogus stimulus. You were told that to do that would, in fact, SLOW our recovery.

As is so often the case, you didn't listen and you saw the opportunity to pay back your union massa's while you shoveled layer after layer of debt on to the heads of our children's children's children.

So, now, the natural result of your inept incompetence is coming out.

And your moronic budget director tells US not to blame YOU?

Fat chance, dooder. This is YOUR economy. ALL of it. If it WORKS, you'll be WAYYYYYY out front, taking all of the credit. Good or bad, it's ALL on you.

When it falls on it's face, as it will inevitably do, you're gonna get all the credit for that as well.

Well done, Mr. President. You're screwing us up more and more every day.

Thanks for nothing.

Felix Salmon
Felix Salmon

Unleashed on Reuters
Blogging the financial meltdown

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Mon May 11, 2009 9:39am EDT

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WASHINGTON, May 11 (Reuters) - High U.S. budget deficits are being driven by an economic crisis that President Barack Obama inherited, White House Budget Director Peter Orszag said on Monday.

Orszag, writing in a blog posting, also said that the administration's latest budget deficit estimates -- which were revised upward by $89 billion and $87 billion for this year and next, respectively -- reflect the latest data on tax receipts, federal bailouts and other government costs.

(Reporting by Caren Bohan and Richard Cowan)

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