Thursday, November 10, 2011

What are they doing?

What are they doing to America?
The decision was made before Obama took office. The private sector would be sidelined for a public support system similar to the Socialist Systems found in many European countries. That, as we know from the experiences of countries like Greece and Italy does little to encourage independence, ingenuity and entrepreneurism. Instead, while the Democrats had the power they would give us Obamacare, Bail-outs and Stimulus spending on things like Solar panels. Thus, $535,000,000.00 Million Dollars of your money was “invested” in Solyndra by the Obama administration. Newly obtained emails released by House investigators suggest that George Kaiser, a billionaire Obama donor and chief investor in bankrupt solar panel manufacturer Solyndra, discussed the company with White House officials, directly contradicting earlier accounts. Yet both Kaiser and the White House previously denied Solyndra was ever discussed in any of his 17 visits to the White House. In spite of this, the Obama administration continues to “invest” your money in Green Energy companies that are destined to fail. Italy has replaced Greece at the center of the euro zone debt crisis and is on the cusp of requiring a bailout that Europe cannot afford to give. The problem is, we’ve reached the domino phase, so it’s not about Greece anymore—it’s Italy and if Italy has a problem, then France has a problem too. Italian, Greek, French and soon America’s borrowing costs will reach a breaking point. The cost of spending Billions more than you have on Social Programs is very short sighted.
Social Programs and Defense are about to be dismantled. There is no appetite for the kinds of Draconian Tax Increases necessary to sustain these programs. Spending and borrowing must end soon. Rioting and Financial Chaos in Greece and Italy will spread to America if our Congress and President do not make the painful choices that are necessary.


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