Tuesday, October 25, 2011

Why Is President Obama Making Such Poor Investment Choices

Who Is Advising Him Or Is He Thinking Off The Top Of His Head

Barack Obama at Solyndra

U.S. President Barack Obama has made a number of failed investments using billions in taxpayer money that will not be seen again. That money is gone. He heavily invested in the solar, green and banking sectors to disastrous results. One has to wonder if he is using gut feeling to make these risky investments, as had he utilized due diligence, cost analysis and projected profit reports, he would have seen the lack of profitability and feasibility of his choices.

Should presidents be allowed to sink billions in taxpayer funds into pet projects and companies owned by campaign donors, especially those labeled "bundlers" (people bringing in $250,000 or higher in campaign donations). There exists a massive conflict of interest that is not in the nation's best financial interest.

STORY SOURCE

The Other Solar Failure

RELATED ARTICLES

Obama Referred To Newly Bankrupt Solyndra As "A Good Bet"

Obama Solar Firm Fails Filing For Bankruptcy And Laying Off 1,110 People