RUSH: I kid you not. President Obama has thrown himself under the bus. I mean, he has explained how he has wrecked the economy. I saw this yesterday afternoon, and I said it’s Twilight Zone time. It’s a Bloomberg story: ‘President Barack Obama, calling current deficit spending ‘unsustainable,’ warned of skyrocketing interest rates for consumers if the US continues to finance government by borrowing from other countries. ‘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 US 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.”
This is the guy who has just saddled us with $11 trillion in budget deficits for the next ten years, warning that his own policies have wrecked the US economy and that they cannot be continued. He threw himself under the bus. We can’t continue Obamaism. Just barely over a hundred days into his administration, Obama has condemned his own administration, and nobody in the Drive-By Media gets this. They’re still praising the guy for showing fiscal restraint and understanding the dangers that are out there. It just gets funnier and more ridiculous each and every day. This is an historic event, the first time in presidential history where a president has thrown himself under the bus. A scathing attack on Obama’s spending policies by Obama, in which Obama warns that those spending policies cannot be sustained. It is impossible to make too big a deal of this. So you have ask, ‘Is Obama the new Houdini?’ You know, it’s Barack H. Obama. Does the ‘H’ now stand for Houdini? Is he trying to escape all responsibility, that he has no responsibility for his own votes for TARP?
Don’t forget, before he became president, he voted for all of these bailouts. He voted for all of this spending. TARP passed budgets as senator, Porkulus, Earmarkulus, the current budget deficit, just this year about $2 trillion. I mean, this is as bold as Nancy Pelosi saying the CIA lied to her about waterboarding. Charles Krauthammer has a great point. Why didn’t they lie to anybody else, why did they only lie to her? And he’s got an even better point about this in a column today. Everybody heard what the CIA said we’re going to do, these extreme techniques, and nobody’s stood up and said, ‘Well, you can’t do that, that’s torture,’ so maybe none of this was actually torture. And of course by definition, by statutory definition in this country, it can only be torture if you intend it to be. In other words, torture cannot happen by accident. Anyway, we’ll get to Pelosi here in just a second. I have a unique take on that, too, because, I’ll tell you, with Pelosi, we’re getting a real test of the glass ceiling here. We are going to get a real test of the glass ceiling with Pelosi. But I’m still stuck here, folks, on Obama condemning his first 100 days in office. (laughing)
He has just stated with more clarity than ever and brevity than ever how he has wrecked the economy for years to come. He just told everybody, he just condemned what he did. He just ripped to shreds everything he’s done in the first 100 days. I think what’s actually going on here, he knows that he’s being followed around by a bunch of sycophants who are gonna die of anal poisoning before the year is out, and his voters are just space cadets still in love with the whole image thing. So he’s probably setting up the reasons why all taxes will need to be raised. But I’ll tell you, I almost got on my knees last night and prayed to God that the American people understand how absurd this is that the president of the United States, after a mere 100-plus days, has just thrown his own administration, all of his policies, under the bus, just condemned them, just ripped them to shreds. I mean he has been more forcefully critical of his own policies than he ever was of George W. Bush.