President Barack Obama said he believes the global financial system remains at risk of implosion with the failure of Citigroup or AIG, touching off “an even more destructive recession and potentially depression.”
His remarks came in a “60 Minutes” interview in which he was pressed by an incredulous Steve Kroft for laughing and chuckling several times while discussing the perilous state of the world’s economy.
“You’re sitting here. And you’re- you are laughing. You are laughing about some of these problems. Are people going to look at this and say, ‘I mean, he’s sitting there just making jokes about money-’ How do you deal with- I mean: explain. . .” Kroft asks at one point.
“Are you punch-drunk?” Kroft says.
“No, no. There’s gotta be a little gallows humor to get you through the day,” Obama says, with a laugh.
The psychiatric term “inappropriate affect” comes to mind here.
There are two possibilities here. Either Obama is intentionally, malignantly causing a meltdown in the economy or he is completely – and I mean completely – clueless about how his words and actions impact the economy.
These are not the words or affect of a leader with the skills to stem the economic crisis.
Either way, we have a problem.
Via Memeorandum
Plan B for the Obama administration is the same as Plan A – blame Bush and the Republicans. Ditto for Plan C (if they think that far ahead, that is). Doubtless the Won will always be able to peel off the occasional Republican from time to time (Specter, Snowe, Collins, etc.) when it comes time for a Congressional vote on some wacko spending bill. The Governator, who has worn out his welcome with the California voters and is lobbying hard for a sinecure in the Won’s administration, can be expected to chime in as well and give the Won political cover.
But the honeymoon is over. Fortunately for Democrats the public will find their ability to do anything about the abuses of the present regime in Washington severely curtailed next November, thanks to the Holder Justice Department and ACORN.
The regime’s first test will come on March 31 of this year in the NY-20 Congressional race. Most polls have shown the GOP candidate with a 4 to 12 point lead. If Democrats manage to pull off a Minnesota-type steal – and I predict that they will – then the 2010 elections will be mostly a Third-World joke (think Zimbabwe).
The public is waking up with a hangover as the heavy dose of Hopium the media has administered is wearing off. Too late, in my opinion, but they are waking up.
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You guys watch Fox too much. Get real. Obama has a lot on his plate. Why don’t you try supporting him instead of attacking him? How do you think McCain and Palin would be doing right now? The thought is frightening. You and the commenters here seem to be removed from reality. Obama inherited quite a lot from your hero Bush.
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I think the Obamessiah is just so arrogant that he is incapable of acknowledging just how ignorant and inexperienced he is, not just when it comes to the economy, but to leadership in general, as well. I think even the members of his own party are slowly starting to realize just how unprepared this guy was for the job. But they don’t dare say anything because they’re the ones that backed him. I have to agree with Gaius, but I’ll take it a bit further – we are in deep sh*t.
Gaius, thank you for the psych link. I was trying to remember that term. Scary.
What’s up with Obama’s brownshirt legislation?
I will go along with martian’s ‘ignorant and incompetent’. Further evidence has surfaced at Red State and Gateway Pundit reporting that Obama has sent a letter to Chirac, promising to work with France! Sarkozy is not amused. You just can’t make this stuff up. Too bad the Press wasn’t quizzing 0bama on world leaders during the campaign like they always do to repubs, eh?
Actually, I don’t watch Fox.
This is sad and terrifying.
I’ll be going to the “Taxday Tea party” in Jacksonville on April 15th, to learn how others feel.
His affect was not really inappropriate, bearing in mind that he is a languid, pompous lightweight. It is all part of his condescension toward the rest of us. Needless to say, Kroft never challenged O’s verbal press-releasery.
Ah, where was the teleprompter?