Spain’s Present is Obama America’s Future


Although Spain is not as bad off as Greece, a look at Spain’s current economic reality reveals the future of America under four more years of Barrack Obama.

Despite European commitments to inject up to 100 billion euros into Spain’s faltering banking system, bank withdrawals have accelerated.:  During July, doubts about Spain’s financial system caused Spaniards to withdraw a record $94 billion from their banks. : : That amounts to 7 percent of Spain’s total domestic economic output.

Capital flight is beginning to include educated entrepreneurs who are fed up with scant job opportunities in a country with a 25 percent unemployment rate.:  Statistics show that in a twelve month span 30,000 Spaniards have registered to work in Britain, an increase of 25 percent over 2011 levels.

Since taking office in 2009, Obama has aggressively promoted a “green energy” agenda modeled after the one pursued by Spain.:  The assumption that pursuing the same agenda will bring about different results is based on no known empirical data.

If American voters are willing to accept 25 percent unemployment as the new normal and can live with a combination of major investment capital flight and disappearing employment opportunities, then Obama’s re-election is a foregone conclusion.

However, if Americans prefer to see a resurgence of American economic might through development of its domestic energy resources, and the millions of jobs that activity will create, then Obama’s days in the White House are numbered.

http://mjfellright.wordpress.com/2012/09/05/spains-present-is-obama-americas-future/

Trending Today

Related Articles

1

Michelle Obama Action Figure

On November 20, the wait will be over; Michelle Obama action figures will hit the market at $12.99 apiece. Every

42

IPAB: The Acronym for Death Panels

The socialist remnants of Britain have the Orwellian NICE (National Institute for Health and Clinical Excellence) to determine who gets

0

Obama Changes “If You Like Your Plan…” Messaging

I wonder how this would have played prior to the 2012 elections? (Real Clear Politics has the video) (Fox News)