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<blockquote data-quote="vantexan" data-source="post: 1112114" data-attributes="member: 24302"><p>He's still giving billions to "green" energy companies. He threw away trillions in his first four years. Thank goodness the Republicans won the House in 2010 to slow the pace. Even so, the more money we print, the closer we come to a monetary collapse. Why? Because all the countries propping us up by buying our debt are going to stop as the money inflates. They are getting screwed on their return on investment. China, Russia, and others are already talking of creating an alternative to the Dollar as the world's reserve currency. If that happens, especially if oil is no longer bought and sold in Dollars, our financial system collapses. What's a way out? With new technology we can now get at oil that gives us greater reserves by far than any country out there. We can stop the huge outflow to the Mideast. Obama won't let us tap the oil on Federal land and is doing everything to block things like the Keystone pipeline. </p><p></p><p>The GOP tax cuts actually greatly improved the economy. And if you notice even Obama decided to not end them for most of the population. The problem was, and still is, the huge real estate bubble created by a number of players, both Republican and Democrat, driven by unmitigated greed, that when it burst resulted in the greatest loss in personal wealth this country has ever seen. But Obama came into office in 2011 and since then our national debt has increased by close to 5 trillion Dollars. No matter if you are for or against, it's unsustainable, and we're all going to pay for it. And sadly because he's Democrat you'll assume that what he's doing is the right thing. Bush spent too much too, but the solution was fiscal responsibility, not doubling down. We can agree to disagree, but when it all falls apart we'll be agreeing that life as we know it will never be the same in our lifetime.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1112114, member: 24302"] He's still giving billions to "green" energy companies. He threw away trillions in his first four years. Thank goodness the Republicans won the House in 2010 to slow the pace. Even so, the more money we print, the closer we come to a monetary collapse. Why? Because all the countries propping us up by buying our debt are going to stop as the money inflates. They are getting screwed on their return on investment. China, Russia, and others are already talking of creating an alternative to the Dollar as the world's reserve currency. If that happens, especially if oil is no longer bought and sold in Dollars, our financial system collapses. What's a way out? With new technology we can now get at oil that gives us greater reserves by far than any country out there. We can stop the huge outflow to the Mideast. Obama won't let us tap the oil on Federal land and is doing everything to block things like the Keystone pipeline. The GOP tax cuts actually greatly improved the economy. And if you notice even Obama decided to not end them for most of the population. The problem was, and still is, the huge real estate bubble created by a number of players, both Republican and Democrat, driven by unmitigated greed, that when it burst resulted in the greatest loss in personal wealth this country has ever seen. But Obama came into office in 2011 and since then our national debt has increased by close to 5 trillion Dollars. No matter if you are for or against, it's unsustainable, and we're all going to pay for it. And sadly because he's Democrat you'll assume that what he's doing is the right thing. Bush spent too much too, but the solution was fiscal responsibility, not doubling down. We can agree to disagree, but when it all falls apart we'll be agreeing that life as we know it will never be the same in our lifetime. [/QUOTE]
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