Obama Thinks Threatening Bob Woodward Is A Good Idea?
The Market Ticker ® - Commentary on The Capital Markets

There's dumb, there's stupid, and then there's insane.

Threatening the man who was behind the original investigation of Watergate for reporting something that is absolutely true and in fact irrefutable falls into the latter category.

(CNN) - Veteran journalist Bob Woodward said Wednesday he was threatened by a senior Obama administration official following his reporting on the White House's handling of the forced federal spending cuts set to take effect on Friday.

"They're not happy at all," he said on CNN's "The Situation Room," adding that an e-mail from a senior administration official - who he would not name - communicated a message which caused him great concern.

This is going to be great fun to watch.

One thing is crystal-clear: Obama and his minons are losing on the sequester and losing on the facts.  This was his deal -- his proposal, his idea, his deal.

The White House is roaring*****ed, incidentally, due to one of two reasons and we will soon find out which it is:

  • The sequester happens and nothing bad occurs in the broad economy.  In that case Obama and all of his screaming is exposed as the ranting of a mentally deranged child.  Worse, any future attempt by the White House to claim that spending "can't" be further reduced will instantly fail as it will be (properly) seen as just another infantile temper tantrum.

  • The sequester happens and the economy tanks.  In that case Obama is exposed as having presided over layering up a Ponzi-style budget and spending plan that the nation cannot afford irrespective of what it does.  Remember, the "full impact" of the "sequester" is 2% of the budget and in fact the government will still spend more this year than last, even with it.  If in fact this is the case then President Obama has intentionally run up over $5 trillion of debt he knows the nation cannot pay; in the civilian world taking out credit with no intention to ever pay it back (because it's impossible for you to do so) could easily get you charged with a felony.

Either way the next thing that should happen is that this clown-cum-"President" should be impeached as incompetent, intentionally attempting to destroy The United States, or both. 

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