Crowd of Fools Cheers Obama; Tweet Irony

Discussion in 'Politics & Religion' started by Tsing Tao, Jan 3, 2013.

  1. Tsing Tao

    Tsing Tao

    Mike Shedlock

    Caroline Baum, one of my favorite Bloomberg columnists has an interesting article today that's worth a read.

    Please consider Wanted: Middle-Class Tweeters for White House Event.

    Tweet This

    Politico notes Obama's staged event, jokes draw McCain rebuke

    Tweet Irony

    1. Young Americans like Obama because he gives them student loans making them debt-slaves for life
    2. Young Americans like Obama because of a promise for "free" health-care for everyone. Little do they realize, nothing is "free", and they are the ones overpaying.

    The fact of the matter is youth overpay for health-care as the benefits primarily go to the elderly. Obama needed a pool of fresh suckers to overpay for health-care costs to keep the system solvent for a bit longer.

    Since nothing was done to contain costs, Obama will be asking for more and more money in the future.

    Baum asked "Don't they understand that the president has done nothing to protect future generations from a crushing debt burden? Nothing about deficit reduction other than to talk about it?"

    Obviously not.

    The crowd [of fools] was adoring.

    Young Americans tweeted Obama and they got an invite to bow down to the person making them debt-slaves to union educators as well as debt-slaves to the ungrateful elderly.

    By the time they are old enough to collect benefits, the system will be bankrupt, with no benefits to be had. In the meantime, Republicans Prepare to Wave White Flag Again, This Time On Debt Ceiling, proving that neither party is capable of a remotely honest discussion.

    The sad irony in this mess is youth have gotten nothing out of Obama but a big screw job. And for that screw job, they offer adoring praise.

    Mike "Mish" Shedlock
    http://globaleconomicanalysis.blogspot.com
     
  2. I doubt it. Somehow most college loans will be allowed to be defaulted upon or their payoff will be thrust upon the backs of the half of us who pay Federal Income Tax.
     
  3. Tsing Tao

    Tsing Tao

    You're partially right, but not thinking like a bankster and politician. Why stop there? Keep the default on their credit report for life (Student Loans never expire) while letting tax payers pay for it. Two for the price of one.
     
  4. I really have no understanding of why Romney or other republicans never laid that argument out. With healthcare it is clear cut that younger people are going to foot the bill for Obamacare.

    The same argument can be made about the Obama deficit in general. He can borrow and borrow and in the long run who will foot the bill? The young people.
     
  5. Ricter

    Ricter

    Because "young people" know national healthcare works elsewhere? Because they understand how insurance (and risk management) work?
     
  6. Lucrum

    Lucrum

    Yeah, but HOW WELL it works is debatable.
    YOU don't even understand it, how is it you think they do?
     
  7. pspr

    pspr

    That's where the democraps say they will fix it by making it single-payer. The government will completely take over and low income people will get their healthcare free. The rich (if anyone rich is left) will pay for it.
     
  8. Lucrum

    Lucrum

    Sounds like even MORE votes by the non productive for the democraps.
    Votes at MY expense.
     
  9. TGregg

    TGregg

    With apologizes to Lady Thatcher, eventually the libs will run out of other people's money.
     
  10. Tsing Tao

    Tsing Tao



    Exactly. It's a matter of quality.
     
    #10     Jan 4, 2013