Obamanomics! Ain’t it grand! Oh this will indeed affect how other countries do business with us. I don’t believe we’ll be seeing anyone rushing to the front of the line to buy our debt anymore, at least for quite some time (other than the Fed).

Everything this administration is doing regarding the economy is wrong, opposite of what should have been, and its being done on purpose. The only way to fix it is to get rid of Barack Obama next year, and if the country is still standing at that time, it will be nothing short of divine intervention.

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the U.S. projected record budget deficits.

The Democrats are kicking and screaming, and whining and crying about their “whopping” 6 billion in proposed cuts, then point at the GOP and call them names, mean-spirited for one regarding 61 billion in proposed cuts. “Draconian” was another term they used, meantime, our debt is no longer considered a safe bet, we have a projected 1.65 trillion dollar deficit and a proposed 3.7 trillion dollar budget, and 61 billion is mean-spirited and draconian? What’s mean-spirited is the willful destruction of our economy, that’s what’s mean-spirited. Thank you Democrats, thank you Barack Obama. And thank you Republicans too. You’re all worthless and you just don’t get it.

Gross in his February commentary urged investors to reduce holdings of Treasuries and U.K. gilts and buy higher-returning securities such as debt from emerging-market nations. “Old- fashioned gilts and Treasury bonds may need to be ‘exorcised’ from model portfolios and replaced with more attractive alternatives both from a risk and a reward standpoint,” Gross wrote.

So, would you freely choose to invest in U.S. bonds? I didn’t think so. I wouldn’t touch them with a ten foot pole.