We have been hearing the president talk about his focus on jobs since he took office. There has been little change in his speeches or political solutions that sounds straight out of the “tax the rich more, spend for the poor more” Democratic Party idea book.
Not only is nothing new in Obama’s latest JOBS proposal except that the word “stimulus” is purposely avoided, his Jobs Plan is being used as a political talking point for Obama’s re-election bus tour and is blatantly cynical.
Yet he and his party have the cheek to suggest that the Republicans are the party of NO and just wishing to keep the economy weak in order to defeat Obama in 2012.If the Democrats and Obama want to say that the Republicans are blocking real growth and job creation then okay call the bluff.
Why not call the Republicans and see if they join you Mr. President in allowing oil drilling production to proceed by loosening regulations? Why not call them out by suspending all EPA regulations? Why not call them out by giving the Republicans all the cuts, and proposals they have asked for to see if they say NO?
Solyndra the bankrupt poster child solar panel company for stimulus back green job energy alternatives reflects three truths about socialist’s policies, failure, incompetency and corruption.Whether we call it socialism or crony capitalism the objective and the results mirror the same truth of why government run or backed private industry is an oxymoron. The simple fact that if a company was either successful or had the potential to be successful to private sector investors then the company would not need government financing nor want it.
What company wants to have the government peering over its books or making edicts about how to run its business? The fact that Solyndra could not find private investors until it secured a half billion dollars in federal loan money shows it was a risky venture. The capitalist system has a cure for risky business it is called failure, collapsing as a company and selling off assets or bankruptcy. Solyndra was begging for government funds to keep it afloat and not only was it awarded half a billion dollars of taxpayer money but also received investment from the Kaiser Foundation that co-incidentally is connected to the President by George Kaiser a big donor to his campaign. This impropriety reeks of corruption well beyond cronyism.
Lastly, we turn to incompetency which must first start with the premise that the only companies standing in a government line for a government handout are already suspect as to their risk. Then you add a bureaucratic cadre of civil servants making determinations as to whom should be favored with taxpayer money and expect them to due diligence with the same vigor as if their own money was on the line.
Moreover, beyond number crunching most private investors know that having or utilizing the brain trust of people knowledgeable about the different industries is vital in the ultimate determination of risk return investment decisions. The bureaucrats in government have a vast ignorance of practical application relying more heavily on theoretical business models.
Yes, like Keynesian economics which works great as a college theoretical discussion but has proven time and time again in the practical world to be a huge flop!
Solyndra was Obama’s poster child of success until it went bankrupt. Many questions will be asked of this administration as to whether there was corruption in the form of bribes, pressure applied to regulators or quid pro quo proof of buying White House influence.
One thing is certain; this administration continues to extol capital cronyism and socialists policies in its never-ending bullying of America's capitalists that want the opposite economic policies returned to Washington. The President may have stopped a personal habit of blowing smoke but when it comes to his desire to ruin this country’s capitalism and turn her into a socialist’s Republic he continues to blow smoke into American faces that just want to have a job.
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