Sorry it took me so long to get this to you, I was busy wiping up the Diet Coke that shot out of my nose when I heard this.
The man who inspired this video….
is the same man who uttered these words:
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “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.”
But then again, he also said this:
He’s right, someone does think we’re stupid.
He does think we’re stupid. I just saw this: http://gatewaypundit.blogspot.com/2009/05/audacious-biggest-borrower-in-history.html
“A close examination of their finances shows that the Obamas were living off lines of credit along with other income for several years until 2005, when Obama’s book royalties came through and Michelle received her 260% pay raise at the University of Chicago. This was also the year Obama started serving in the U.S. Senate…
In April 1999, they purchased a Chicago condo and obtained a mortgage for $159,250. In May 1999, they took out a line of credit for $20,750. Then, in 2002, they refinanced the condo with a $210,000 mortgage, which means they took out about $50,000 in equity. Finally, in 2004, they took out another line of credit for $100,000 on top of the mortgage.
Tax returns for 2004 reveal $14,395 in mortgage deductions. If we assume an effective interest rate of 6%, then they owed about $240,000 on a home they purchased for about $159,250.
This means they spent perhaps $80,000 beyond their income from 1999 to 2004.”
No wonder he’s spending us into oblivion. That’s the way he lives. I guess he figures if it worked for him……
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In real life Kate is a PI, and “Rockford Files”>/strong>, and “Magnum PI” were modeled after her illustrious career.
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