Saturday, October 15, 2016

King Solomon, Obama Accolades or Folly? (u/d)





Barack Obama speaking about sequester

 Obama compared US economy to EU and stated the US did better under his watch? Why?



Obama favorable ratings are over 50 percent lately. In an interview he compared the US economy to the EU.
“Obama went on to express confidence that the U.S. election would not have the same results as in the U.K. and Europe. One thing, he said, the American economy is stronger. “
Why is the US economy stronger?
What he did not say was that under his watch the US has borrowed ten trillion dollars. Question then becomes is the US economy really stronger than the EU?

This years USA fiscal statement of USA borrowing was  587 billion dollars, up 34 percent from last year. 
The result of the debt plus the deficit trade balances has resulted in US real estate, farmland (RARE WEALTH) and businesses are rapidly being bought up by foreign interests. Is this ‘achievement’ worthy of any self-accolades? You decide.
King Solomon
Do not make a habit of striking hands, of going surety for debts. If you have no resources to settle them, why should your bed be taken from under you! (Proverbs 22:25, 26)
Let a stranger praise you and not your own mouth, a foreigner and not your own lips. (Proverb 27:2)
Even fools are thought wise if they keep silent, and discerning if they hold their tongues. (Proverb 17:28)
Regards and goodwill blogging. 
Sources
President Obama on Brexit HERE
Obama Presidency to end with 20 trillion national debt HERE
US Rare Wealth Being Sold HERE
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