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It seems he doesn't understand that he has been fueling the deficits:

BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.
 

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To be touted as such an intellectual person, he sure has a way with words. If we look back the stimulus was rushed in to prevent the jobless rate getting to 9%. Obongo added 8 points to that in under a year.
 
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