Monday, June 04, 2012

Business Investment... The Obama administration has poured billions of taxpayer dollars into businesses with guaranteed loans. 77% of these businesses have already gone bankrupt. If the Obama administration would just get out of the way, (1) all that wasted money would be available to "waste" on other things, (2) the private sector would accomplish what the gov't. fails to do. A perfect example of this is: Obama gave $535 million to a major contributor of his campaign to start a company called Solyndra. As we all know, Solyndra is now closed and your dollars are gone. Meanwhile, using private funds, another company has flourished; SpaceX has succesfully taken up the opportunity to fill the gap in our now defunct space program. Using private money, they have launched a vehicle that has delivered supplies to the space station and has gotten a contract for 12 more such deliveries from the gov't., making us no longer dependent on Russia launches. Free gov't. money gives one no incentive to succeed, while spending your own, forces you to do everything that you can to be a success.

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