“Green” Policies in Spain Lead to Economic Disaster
The euro has fallen (vs the US dollar) from $1.50+ to $1.24. The decline will, we believe, continue. The Obama-like philosophies of Western Europe have led to a crisis point – not only in Greece, but in Spain and, to a lesser extent, all over Europe. Don’t expect a quick bounce back in the currency or the economy. I always believed that the European union would eventually fail - still do.
Rather than run from disastrous policies that have created the problems in Europe, Obama and his party embrace them. I have been wondering how reasonable people could endorse such massive and wasteful spending programs, at the same time they discourage business growth through higher taxes, more regulatory hurdles, and a growing (and very well paid) government bureaucracy. The answer lies in a failed worldview that purports to spread the tentacles of government into all areas of our lives. Obama can not yet come out of that closet and endorse a socialistic agenda, but he does what he can. He moves tax dollars from you and I to whomever he wants to support, as if this money belongs to he and his friends in Congress. Nine billion dollars for Snowe’s vote, $26 billion for teachers… and the beat goes on. Huge dollars are given to this friend or that with no accountability.
That is how socialism works under the President. He and Congress support “green” programs that we all know are jokes. His recent supreme court nomination longs for a socialist revolution in the US. Obama’s best friends are the long term anti-capitalist enemies of the US. These are the people our president feels closest to.
We are in deep trouble. We have lived through bad administrations before, but nothing like this.The President, however, is determined to lead us down his path – a path that will lead to economic ruin. Just for example, the President loves the “green” programs Spain has adopted. Never mind that these programs are bankrupting Spain, let’s try them here too. We previously covered that story in Spain Learns That Green Jobs Reduce Employment, but we have an update here. A few teaser passages follow.
Pajamas Media has received a leaked internal assessment produced by Spain’s Zapatero administration. The assessment confirms the key charges previously made by non-governmental Spanish experts in a damning report exposing the catastrophic economic failure of Spain’s “green economy” initiatives.
On eight separate occasions, President Barack Obama has referred to the “green economy” policies enacted by Spain as being the model for what he envisioned for America…
Most recently, U.S. senators have introduced the vehicle for replicating Spain’s unfolding economic meltdown here, in the form of the “American Power Act.” For reasons that are obvious upon scrutiny, it should instead be called the American Power Grab Act.
But today’s leaked document reveals that even the socialist Spanish government now acknowledges the ruinous effects of green economic policy…