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China more concerned about U.S. deficits than Obama and his minions

A week ago, in The New York Times:

In a July meeting, Chinese officials asked their American counterparts detailed questions about the health care legislation making its way through Congress. The president's budget director, Peter R. Orszag, answered most of their questions. But the Chinese were not particularly interested in the public option or universal care for all Americans.

"They wanted to know, in painstaking detail, how the health care plan would affect the deficit," one participant in the conversation recalled. Chinese officials expect that they will help finance whatever Congress and the White House settle on, mostly through buying Treasury debt, and like any banker, they wanted evidence that the United States had a plan to pay them back.

Last night, on Saturday Night Live, the cast brought the point home:

Evidence that Obama's running out of Kool-Aid.

Crossposted(*).


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Comments (23)

"We have restored America's... (Below threshold)
Eneils Bailey:

"We have restored America's standing in the world," Barrack Obama.

It is tough for him to live with his ever-expanding ego. He can not face the reality of his mediocrity.

He does not understand that... (Below threshold)
Eneils Bailey:

He does not understand that the cult following he assembled in the early part of 2008 is based on an enthusiasm for hatred of Bush, White Guilt, and the adoration of an image that clearly did not match his limited experience and his limited management abilities.
I'll guarantee you, the man still thinks he is in the campaign mode. He would cart his Greek columns around with him like his teleprompter if the Secret Service would let him.
We are stuck with him for three more years, perhaps we can mitigate the damages in the 2010 election.

There is always a little tr... (Below threshold)
WildWillie:

There is always a little truth in all comedy. This is priceless. Showing the numbed drones that voted for Obama that there is no "plan" just words. Excellent. ww

When you've lost SNL you're... (Below threshold)
Meiji_man:

When you've lost SNL you're having problems, if you see the Daily Show start taking shots it's all over.

At this point the Chinese g... (Below threshold)
LiberalNitemare:

At this point the Chinese govt probably has more say over policy decisions than Harry, Nancy or Obama

I'll wager that the Chinese... (Below threshold)
GarandFan:

I'll wager that the Chinese were NOT impressed with the financial machinations of Pelosi and Reid. Matter of fact, they're probably wondering how we managed to kick their asses in Korea, given the current "leadership" in this country. Guess we can look forward to more skits by SNL. They've finally discovered what a gold mine Barry is. Exit question: How many AP/MSNBC "reporters" will be assigned to "Fact Check" the SNL skit?

I'm waiting for the critica... (Below threshold)
GarandFan:

I'm waiting for the critical assessment of this skit from our resident liberals.

I'm sure Adrian, jp2, VIC, SAUD have something to add.

"They wanted to know, in pa... (Below threshold)
DaveD:

"They wanted to know, in painstaking detail, how the health care plan would affect the deficit,"

And I'd be willing to bet Barry was lying through his friggin' teeth trying to explain it to them too.

re: #7You can hear... (Below threshold)
epador:

re: #7

You can hear the pinheads dropping.

Obama charges, We pay.. Wha... (Below threshold)
914:

Obama charges, We pay.. Whats the dif?

Ok, I will play SAUD's advocate GarandFan.

"Bushco and the wingnut lynch mob ran up so much debt that its going to take generations of the richest Americans to make a dent."

You happy now wingnutia?

When the only thing left to... (Below threshold)
recovering liberal democrat:

When the only thing left to laugh at in the country is the stupidity of the most liberal president we've ever had, it's bad out there. And this by the loony, liberal writers at SNL? I can't wait to see what they will be doing with the upcoming terror, oops criminal trials in N.Y. A.G. Holder's performance at the Senate hearings is loaded with material for them. If fact they could use Holder to play himself and lip sync the hearings. Now that is funny.

"China mor... (Below threshold)
914:



"China more concerned about U.S. deficits than Obama and his minions
"

Thats cause China has respect for finances, honesty ( snic, snic ), and dilligent bookeeping.

Obama.... Not so much.

#1Mediocrity? Medioc... (Below threshold)
RScott:

#1
Mediocrity? Mediocrity! We can only wish he'd rise to that level.

The scary thing is that muc... (Below threshold)

The scary thing is that much of the rest of the world, including China, blames us for the economy's ills over the last year. This means if things go really bad again, we are going to see a real resurgence in anti-Americanism, and fast.

It's pretty bad when the Ch... (Below threshold)
Saterp:

It's pretty bad when the ChiComs understand Capitalism better than the current US President.

As someone else commented o... (Below threshold)
Abe Froman:

As someone else commented on SDA "This is what the worm looks like when it's turning".

The minions are "workin", o... (Below threshold)
914:

The minions are "workin", overtime on blogs like these to try and plug the gashing unemploymemnt iceberg that has dashed Barrys dreams into a sinking lifeless un-unicorny like nightmare...

And thats the tail end of the dream

"It's pretty bad when the C... (Below threshold)
914:

"It's pretty bad when the ChiComs understand Capitalism better than the current US President."

15. Posted by Saterp | November 22, 2009 7:55 PM | Score: 4 (4 votes cast)


This truth bears repeating over and over and over and fucking over as long as I can push the can open over and over and over and over and send hugo right over?/

Wha. the fu.... Too much Spongebob Methinks??

The SNL skit is hilarious. ... (Below threshold)
Jeff Blogworthy:

The SNL skit is hilarious. There is a lot of truth in there. Too bad the MSM can't muster the same integrity as a comedy show. SNL slices through months of propaganda in one swoop.

Can't watch the skit while ... (Below threshold)
James H:

Can't watch the skit while I'm at work, but I appreciate the sentiment. Seems to me that SNL is trying to get its juice back after Daily Show stole its political satire thunder over the last decade or so.

More substantively, I'm getting more concerned about the national debt by the day. Not so much the deficit spending to stimulate the economy -- I know that's needed -- but more because of potential spending on healthcare reform and who knows what other programs are over the horizon. As the New York Times points out:

The surge in borrowing over the last year or two is widely judged to have been a necessary response to the financial crisis and the deep recession, and there is still a raging debate over how aggressively to bring down deficits over the next few years. But there is little doubt that the United States' long-term budget crisis is becoming too big to postpone.

Very soon, we won't discuss raising taxes vs. cutting spending. Instead, we'll have to talk about raising taxes AND cutting spending. Just after everybody's wages have taken a hit.

In the alternative, the feds could purposely wreck the economy (and America's standing in the world) through wild inflation. That's a lovely thought.

For 2012, I'm looking for a presidential candidate who's willing to talk turkey about the national debt. Not a candidate who talks vaguely about tax cuts and "letting you keep your money." Not a candidate who promises rainbows and unicorns. Not a candidate who fulminates about cutting spending but takes a butterknife to the budget when we need a chainsaw.

But I don't that candidate today.

So, Saint Barry is clearly ... (Below threshold)
CR:

So, Saint Barry is clearly losing the SNL vote. I have to say that the SNL skit was almost unwatchably brutal; I actually found myself feeling sorry for the President.

CR -That WA... (Below threshold)
JLawson:

CR -


That WAS a rather brutal skit - but funny. Looks like they're no longer blinded by the shine of Obama's Presidency, but they're seeing the reality and not liking it one damn bit.

I don't expect to see them get any gentler.

"Do I look like Mrs. Obama to you?" Heh.

I'm waiting for th... (Below threshold)
I'm waiting for the critical assessment of this skit from our resident liberals.

Hell, I'm waiting for CNN to fact-check this skit like they did the last time SNL ran a spoof critical of Obama.




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