Politics

By Rick Adamson 7.2.13

© 2013 Rick Adamson

It is normal for people who need help or cooperation of others to be kind to those who can provide the help.  It is normal for those needing help to cooperate with those whose help is needed.

For example, you want to add an additional room to your house but need approval from your subdivisions architectural committee.  Let’s say your next door neighbor is head of the committee.  It would be normal to make your desires known to your neighbor.  It is also normal to offer to assist your neighbor to accomplish his own endeavors in any sensible way you could. 

However, if you installed a swimming pool for your neighbor and paid for it with your employer’s credit card that would not be normal.  In fact, that would be illegal.

Unfortunate, President Obama and many of our politicians routinely operate in a manner describe in the preceding example.  But, rather than using a credit card they use taxpayer money.  Just look at the case relating to the recently passed immigration bill.  Votes were bought in exchange for pork projects for certain Senator’s States. See article here. 

And the Solyndra case where the Government issued $535 million in loan guarantees and structured the deal so that, in the case of failure, certain major investors in Solyndra (who also happened to be major fund raisers for Obama) could get their investment back before the Government’s money could be returned. See article here.

The Government has also issues loan guarantees to several other green energy companies that have failed. 

As an additional example, think about the $700 Million no bid contract given to CGI (a Canadian company) to build the Obamacare website.  It failed to work.  Moreover, many additional untold millions have been spent since October 1, 2013 in an 24/7 effort to fix it. Where did that money come from?

One should ask themselves what business the government has tying to pick winners and losers by directly loaning or guaranteeing loans for certain selected businesses.  Our system has provisions for funding viable entities including bank loans, equity markets and venture capital companies.

These types of activities happen on a daily basis and are a disgrace. They clearly show that  politicians have little regard for taxpayer’s money.

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