After watching President Obama’s jobs speech that will infuse $447 billion dollars by hook or crook into the economy, I read about this costly blunder, taken off the Internet: “President Obama visited the solar company Solyndra on May 26, 2010, to tout his $535 million loan guarantee. On Aug. 31, 2011, Solyndra announced it was filing for bankruptcy and laying off 1,100 employees.” So much for “green jobs.”
Obama has involved government into the private sector, costing the American taxpayers unimaginable debt. If you are going to spend our money, then put it to good use by making money.
I believe that he should partner up on a 50-50 basis with the steel mills that have been shut down around the country, turning them into recycling plants as I have previously written. He could take the unspent stimulus money and unused Troubled Asset Relief Program money and revamp the mills.
There are billions of tons of scrap metal laying around the country that can be recycled and sold, all the while creating thousands of jobs and cleaning up our environment.
Instead of sending our scrap to places such as China and getting back junk, we could be using and exporting superior products.
Stringent laws could be passed to pay off the national debt. When that is done, our elected officials could put forth projects that we would vote on.
Having said that, I also believe that it’s time the people of this country get compensated by the oil companies that have been sticking it to us for years.
To put it into perspective, if the oil companies get permits to drill for oil on government-owned land and we the people are collectively the owners, then don’t we own the oil as well? There should have been an agreement from day one that we get a break on oil consumption because we own it. Right now, we are just partners without the benefits.