Why Is President Obama Making Such Poor Investment Choices

Who Is Advising Him Or Is He Thinking Off The Top Of His Head

Barack Obama at Solyndra

U.S. President Barack Obama has made a number of failed investments using billions in taxpayer money that will not be seen again. That money is gone. He heavily invested in the solar, green and banking sectors to disastrous results. One has to wonder if he is using gut feeling to make these risky investments, as had he utilized due diligence, cost analysis and projected profit reports, he would have seen the lack of profitability and feasibility of his choices.

Should presidents be allowed to sink billions in taxpayer funds into pet projects and companies owned by campaign donors, especially those labeled "bundlers" (people bringing in $250,000 or higher in campaign donations). There exists a massive conflict of interest that is not in the nation's best financial interest.

STORY SOURCE

‎The Other Solar Failure

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This Gamble Cost The Taxpayers Over $500,000,000

Barack Obama

On July 20, 2011 the Judiciary Report published the article "When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers." Almost three months later, on Thursday, October 6, 2011, President Obama stated in an interview, regarding the failed solar company Solyndra, which he personally backed and underwrote with $500,000,000 in U.S. taxpayer money, it seemed like "a good bet." Mr. Obama just proved the Judiciary Report's previously claims correct once again.

The government has not been using sensible methods to decide which companies and organizations received stimulus funds or how to correct the economy, which is why each attempt at a real recovery keeps failing. You cannot have the mindset of a gambler in public office, especially when it comes to taxpayer money, as it will end in disaster. There's a science to it.

Once again, proven industries, with strong track records, should have been first priority for stimulus funds, with tight restrictions on what can or cannot be done with the money (i.e. no hoarding, misappropriation, embezzlement, offshore accounts, splurging, wasteful expenditures, big bonuses, sizable raises with the money - even going so far as listing unacceptable percentage increases in pay).

Another problem I have noticed is the Obama Administration, much like George W. Bush (Mr. "Laissez Faire" more like "Lazy Fare" when it came to Bush) before him, is too hands off with the economy and it has and continues to breed bad results. One has to get involved. You can't just dole out money, let the chips fall where they may (another gambling term) and expect it to all turn out okay. Why would the nation need a president, if the country desired lack of supervision, input or involvement from said elected leader. Think about that!

If I were a head of state, one of the first things I would have done upon taking office, especially in this economic climate, is make a list of the nation's top companies, then formally asked them how I could help them increase revenues and present my ideas on how said goal can be achieved. Strengthen what you have that works. It's not a matter of being greedy, but a country needs jobs to keep citizens working and productive, in order to feed their families. One also has to shore up manufacturing, but Obama has not done that. In a big nation like America, that was imperative.

Personally, I don't think Obama is okay, as something's gone wrong with him. He is not listening to reason, science or even history nor is he following any national business plan that is logical. Special interests and lobbyist have gotten their hooks too deep into him and have given him false assurances about the financial measures they have asked him to take, regarding how they will pan out.

Obama has squandered many great opportunities to turn the economy around, via not properly taking the reins on stimulus spending, doing too much of it, giving the money to certain corporations that did not deserve it and failing to raise taxes on the rich as soon as possible, after attaining office.

Some state Obama would have fallen out of favor with the rich and influential, but so what. They aren't the majority in most nations (and their bills are paid). As head of state, I wouldn't have worried about the rich. When they are eating lobster and caviar, they wouldn't be thinking about me. But the poor, who do not have enough to eat, would be thinking about me, wondering why as head of state, I did not help them.

Mr. Obama is going the wrong way with the economy, as the Judiciary Report has warned for two and a half years. Now he only has a few months, not even a year, to change things before the next election is in full swing, which really isn't any time.

Congress really isn't much better. It would be good to see the government change, but they are not doing it, which means the public will have to change them via their vote and hope the next set will possess more economic savvy and political prowess.

STORY SOURCE

Obama defends loan to Solyndra, calling it a 'good bet'

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Even After The Bankruptcy Of Solyndra Obama Rushes Through Billion More In Green Loans

Barack Obama at Solyndra

After the massive collapse and bankruptcy of U.S. President Barack Obama's $535,000,000 pet project, funded by the taxpayers, known as the solar company Solyndra, most would think the administration would be more cautious in doling out the people's money in said sector of the economy. Not so.

The Obama Administration has just rushed out $9 billion dollars more in taxpayer money to the solar industry, in an attempt at beating China, which has cost effectively perfected the sale and distribution of said apparatus, at a very low cost.

Once again, as the Judiciary Report has stated for 2 and a 1/2 years, these non-necessity initiatives need to be placed on the back burner, until America is on stronger financial footing. The taxpayers and the nation deficit cannot afford any more costly mistakes.

If I were a head of state facing the financial problems America is, I would stick to proven industries that can provide quick and robust returns and shore them up. You reward success, not failure. Yes, it is wise to not give up, but one must use common sense and moderation in how one goes about things, when trying again, especially when the financial stability and success of a nation of 305,000,000 people are at stake.

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How Did The Obama Administration Get To The Political Point Of Zero Jobs Created

Why Did His Advisers Not Warn Him Of The Pitfalls

Left to right: President Barack Obama, Vice President Joe Biden and House Speaker John Boehner

The Judiciary Report is disappointed that President Obama has the tag of "zero jobs created" attached to his name, in a presidency that held so much promise, but has gone terribly awry (Stunning New Rick Perry Presidential Ad Paints Obama As ‘President Zero’). However, Obama chose a path that was financially risky, ignoring many warnings that what he has been doing will turn out badly...and it did.

Infrastructure Spending

From early in his presidency, the Judiciary Report, warned against Obama trying to replicate what former president, Dwight Eisenhower did, via massive infrastructure spending. In the October 21, 2010 article Obama Trying To Be Dwight D. Eisenhower the Judiciary Report warned against Obama's profligate spending in this area of commerce.

Hefty infrastructure spending sounds good on paper, but it led to a recession during Eisenhower's time. The site gave an explanation for the warning and that being we live in different times that cannot be applied to Eisenhower's era. President Obama found this out the hard way. In the end, Obama's "shovel ready" jobs were anything but and turned out to be a bust. Architecture often has a lot of red tape for safety reasons. You don't want to build, repair or retrofit structures without the proper schematics and workers, which takes time.

Stimulus

Obama was not tough enough on corporate stimulus recipients, something the Judiciary Report warned against before the wild spending began (Obama Calls For Job Summit). There was no fear of what would happen to them if they hoarded, misappropriated or embezzled taxpayer funds, so they did what they wanted to with the money. Obama was trying to win their affection and support by buying them with federal taxpayer money, given as handouts, but this was ill-advised.

You cannot be a chummy friend to industry, when you are the government. You are a regulator and overseer. There needs to be clearly defined lines that must not be crossed. You can't trust people with that much money. It doesn't matter what nation, as there will be someone with a bright idea on how to steal it. Too much temptation to steal cookies from the jar has proven the downfall of many.

One can't just say, "Here's a billion dollars, go create some jobs" as some will think, "It's more like I'll create some offshore bank accounts." To this day, there has been no real accountability with taxpayer funded corporate stimulus funds. Some companies need to return the money under the penalty of imprisonment, for misuse of the funds. There should have been ground rules - if you mess up with this, I'm going to mess you up (within the law, of course).

At this point, hypothetically speaking, the government would have been better off giving the money to McDonalds, Walmart or Apple, though they did not need it, as they created jobs during that time period, where others on Wall Street failed to do so. Let's face it, Wall Street has become Hoard Street. The stimulus screening process is very poor.

Frivolous Initiatives

Even in the face of the fiasco that has become Solyndra, President Obama, is still trying to push through $9 billion dollars in taxpayer money for similar solar and wind projects. These are risky investments that can wait, until they can be done more cost effectively and at a real profit. This was and is not the time for the new and experimental, when you are struggling with an economy that is in dire straits. You do that when there are surpluses, not detrimental debt and skyrocketing deficits.

The president needs to focus on the meat and potatoes of economic earnings, not the costly caviar and champagne model. Sound, proven strategies and products. Not items and initiatives with a big question mark over their potency and profitability.

Criminals In The Corporate World

No world economy can thrive with a significant number of fraudsters in its midst and Wall Street is still suffering from this problem, even with the arrests of Bernard Madoff and Allen Stanford. For years, the Judiciary Report has state the government is covering up the crimes of high profile financial criminals (Cleaning Up Corporate America, How George Bush Destroyed The U.S. Economy and This Is Not "Wall Street").

Even with the battering the economy continues to take, the government refuses to arrest a group of known fraudsters deteriorating the nation's bottom-line. Too big to fail also extends to too big to arrest.

Bad Advice

President Obama has listened to all the wrong people - particularly Hollywood, which loves to invoke Ronald Reagan as an excuse for meddling in politics, when they don't know what they are doing. While I didn't agree with everything Reagan did, the man was no idiot. He was a university educated actor turned politician, that came from the old school, where a premium was placed on intelligence.

There is not one modern actor or singer in Hollywood that could hold a candle to Reagan in this regard. Nowadays, you'll find, most stars are occult worshiping, mental patients waiting to happen, masquerading as celebrities (see: Britney Spears, Lady Gaga, Madonna, Nicki Minaj and Charlie Sheen, to name a few).

Executives From Obama's Bankrupt Solyndra Will Plead The Fifth In Congressional Hearing

Barack Obama

Reuters is reporting today that executives of the newly bankrupt solar company, Solyndra, who President Obama fully backed, attended their corporate meetings and gave $500,000,000 in taxpayer money the country will never see again, will plead the fifth in Congressional hearings, invoking the Constitution, to prevent self-incrimination. This lends the appearance of guilt on their part and the taxpayers deserve a better explanation, rather than none at all via a cop out.

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