"Obama Is an Economic Know-Nothing" Says John Bolton

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U.S. President Barak Hussein Obama promised “hope and change” in 2008. It has become clear to most Americans that there is now no hope of stopping him from imposing his personal agenda of change on the entire country, whether it’s in the best interest of the country or not. The self-proclaimed student of the United States Constitution has show contempt and an utter disregard for the document which he is sworn to protect and defend.

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Obama’s arrogance is revealed by his minimization of the recent mid-term election that returned the control of the Senate to the Republican Party by saying that two-thirds of the electorate failed to vote. Is he really that stupid? If those people had voted, the defeat of the Democrats would have been even more resounding. In just a matter of weeks, the current session of Congress will end and a two-year legislative-executive war will begin as the Republican congress attempts to take back its legislative responsibility from the usurping president.

The Keystone Pipeline will be one of the initial battles. Mr. Obama has objected to the pipeline during his entire administration. Yet the pipeline could be one of the biggest boons to the American economy since the space program began in the mid-60s. Stuart Varney of Fox News explained today that Canada, the U.S. and Mexico are capable of becoming “the new OPEC,” if and when the pipeline is given the go ahead.

His guest, former U.S. Ambassador to the United Nations, John Bolton, didn’t pull any punches, calling Obama “an economic know-nothing.” I’m not certain that I would go so far as to be quite as specific as Bolton. I wouldn’t include the word “economic.”

Despite the vast amount of oil and natural gas reserves that the U.S. controls, President Obama is intent on investing taxpayer dollars in alternative energy forms. He wasted almost $850 million in taxpayer money investing in the now defunct solar-panel manufacturer¬†Solyndra¬†with his dedication to applying the UN’s anti-carbon Agenda 21, one of the greatest hoaxes ever perpetrated on the entire world.

Agenda 21 is based on the theory of shrinking natural resources. The UN has done its best to cover up the fact that the world actually has an abundance of resources that will not be depleted for several millennia, if ever. “The fundamental flaw in the conservationist paradigm is the premise that global resources are created by nature and thus fixed and finite. Not a single material resource has ever been created by nature. Human knowledge and technology are the resources that turn “stuff” into useful commodities.”

Which gives me pause to wonder why Obama is more interested in the UN agenda than the U.S. agenda.

Going back to the economics of the Keystone Pipeline, it is estimated that the pipeline project will create at least 38,000 jobs in addition to the 3,900 workers needed to build it. The Perryman Group, a Texas research firm, estimates that more than 119,000 jobs could be directly or indirectly created as a result of the pipeline.

In the meantime, the Obama administration would rather continue on its “pipe dream” of investing in “renewable energy” by backing the likes of the Ivanpah Solar Electric Generating System, which the president declared would “put about 1,000 people to work building” the facility. The key word being “building.” In fact, the 3,500 acre facility employs only 65 people now that it is built. Compare that to the Keystone Pipeline project.

By the way, the Ivanpah project borrowed $1.6 billion in taxpayer money for its construction. Now it is asking for a $539 million grant from the federal government, not to fund construction, but to assist in repaying the $1.6 billion loan. What kind of deal is that. That’s like asking your neighbor to loan you 50 quid, then going to him a week later and asking him to give you 20 so that you can pay the first installment of what you own him.

Somebody doesn’t understand the economy. I’m with John Bolton.

 

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