Obama’s Boss: US Needs More Debt

Obama’s boss, unrepentant Nazi collaborator, George Soros explains why Obama should continue to run up America’s already staggering debt load and crush the life out of  business:

‘”There is a general concern with sovereign debt,’ Soros said. ‘It is coming under suspicion and it has a political momentum because there is increasing political resistance to allowing national debt to rise.

“‘Some countries like Greece do have deficits of 12.5% of GDP [gross domestic product], which is intolerable and has to be reduced. Other countries like the United States and the main European nations have plenty of room to increase their deficits.’”

Great news!  Obama’s boss thinks the United States can easily handle even more debt!

“Governments around the world have allowed their budget deficits to balloon since the financial crisis broke in 2007, but Soros said more spending was needed.

“‘I think that since the adjustment process to the recession is incomplete, there is a need for additional stimulus. The political resistance to it increases the chances of a double dip in the economy in 2011 and after that.’”

“The dispute between Gordon Brown and David Cameron over when and how to reduce Britain’s budget deficit – forecast by the Treasury to hit £178bn this year – is likely to dominate the political debate in the run-up to the election.”

“Labour has argued, like Soros, that it would be dangerous to tighten policy too soon. The Conservatives believe failure to tackle the deficit swiftly will spook the financial markets and lead to higher long-term interest rates.”

“With the first day of the World Economic Forum dominated by the debate over re-regulation of the banks, Soros said he was supportive of Barack Obama’s plan to limit the size and scope of Wall Street institutions, but said that it ‘did not go far enough’”.

“He said that even if the reforms were agreed, the problem of banks considered ‘too big to fail’ would remain. ‘Institutions have to be controlled so that they don’t fail. They have to be kept under much closer regulatory supervision.’”

“Soros said the globalisation of finance should be matched by global supervision. Leverage limits and tougher capital regulations would help to reverse the trend of the past few decades. ‘Deregulation became contagious,’ Soros said.”

Be Sociable, Share!
This entry was posted in American Justice, American Politics, American Society, Barack Obama, Europe, Radical Left, Taxes and tagged , , . Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.


  1. Posted November 24, 2014 at 2:34 am | Permalink

    hello!,I like your writing so a lot! share we keep up a correspondence extra about your post on AOL?
    I require a specialist in this house to resolve my problem.
    Maybe that’s you! Taking a look ahead to peer you.

  2. Posted October 16, 2014 at 4:25 am | Permalink

    Thanks for ones marvelous posting! I actually enjoyed reading it, you will be a great author.I will make certain to bookmark your blog and may come back sometime soon.
    I want to encourage one to continue your great job, have
    a nice afternoon!

  3. Posted September 4, 2014 at 2:04 am | Permalink

    Having read this I believed it was extremely enlightening. I appreciate you taking the time and energy to put this content together.
    I once again find myself personally spending way too much time both reading and
    commenting. But so what, it was still worth it!

  4. Posted August 8, 2013 at 12:45 pm | Permalink

    Spot on with this write-up, I absolutely believe that this
    site needs much more attention. I’ll probably be returning to read through more, thanks for the advice!

  5. Posted July 23, 2013 at 12:20 am | Permalink

    Unquestionably imagine that which you stated. Your favourite justification seemed to be on the internet the easiest factor to be mindful of.
    I say to you, I definitely get irked at the same time as
    other people think about worries that they plainly do not recognise about.

    You controlled to hit the nail upon the top as neatly as defined out the entire thing without having side-effects , other folks can take a signal.
    Will probably be again to get more. Thank you

  6. Posted June 22, 2013 at 10:14 pm | Permalink

    Thanks , I have just been searching for information about this topic for
    ages and yours is the greatest I’ve discovered so far. However, what about the conclusion? Are you positive in regards to the source?

  7. Posted June 22, 2013 at 7:58 am | Permalink

    I am really delighted to glance at this website posts which consists of lots of useful information, thanks for providing these information.

  8. Posted January 12, 2013 at 6:12 am | Permalink

    I used to be recommended this web site by way of my cousin.

    I am no longer sure whether or not this submit is written through
    him as no one else recognize such distinctive about my trouble.
    You’re incredible! Thanks!

  9. Lou
    Posted June 22, 2010 at 2:12 am | Permalink

    Don’t solider’s take an oath to defend the Country agnist forgien or domestic enemies?

  10. Posted January 28, 2010 at 2:21 pm | Permalink

    Right you are Joy. There should be no one in America that does not know who the man behind curtain is. I applaud your efforts to continue to point out where tyranny abounds. Soros has from the moment he came to this country, tried to undermine this nation and continues an all out attack on the very foundations of America. Communist Washington is on a mission to destroy all that we hold dear. I feel we have arrived at a new threshold, as of last night, and the outcome is not going to be pretty. Everyone I’ve talked to is throwing up their hands. they have had enough.

One Trackback

Post a Comment

Your email is never published nor shared.

You may use these HTML tags and attributes <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>