Barack Obama yesterday in New Mexico: “We can’t keep on just borrowing from China…We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.” He went on to say that current deficit spending is “unsustainable” and warned of future skyrocketing interest rates.
It appears Obama is back into campaign mode, only this time he is now campaigning against himself. Of all the things that strike me about this guy, what stands out the most is his glaring lack of leadership qualities. Yes, folks, he is actually criticizing his own budget. Leaders don’t do things like that. Leaders take action. Hopefully he will grow into the job, but it seems like I’ve been saying that a lot lately.
And in the bonehead moment of the week, Nancy Pelosi has decided to declare political war on the CIA. Her story regarding the “torture” briefings has changed nearly half a dozen times and yesterday she decided to outright accuse the CIA of criminal behavior by deliberately lying to Congress. Dumb move. Very dumb.
This woman was formerly the ranking Democrat on the Intelligence Committee, which means she had a lot of interactions with the CIA, which means the CIA has a lot of briefing memos with her name on it. Put simply, they have the goods on Pelosi and have a talent for “leaking” things like that to the press.
I’ve never been impressed with Nancy’s cerebral skills, but this is foolish even by her standards. You could almost hear the collective gasp from her advisors when she stumbled into her accusations at yesterday’s press conference. That thing got out of hand in a hurry. Obama’s own CIA director is saying that the CIA was right. And now the sharks are circling. Even though she is a ranking Democrat, the press is still the press. And when there is blood in the water a feeding frenzy will soon begin. Ms. Pelosi is about to become radioactive.
Just watch and see how fast the Dems throw her under the bus. I give it a month before she is booted from the Speaker position. Rest assured, Steny Hoyer is building his coalition as we speak. Politics will always be politics, and in this case I have to give a tip of the hat to karma.