Sarah Palin Slams Obama Over Energy Independence And The Failing U.S. Dollar

On the heels of calling on Obama to get it in gear on Afghanistan, Sarah Palin is taking Obama to task over America’s failed energy and economic policies.

Sarah released the following statement:

Further Proof of the Need for Energy Independence

The British newspaper The Independent reported today that Gulf oil producers were negotiating with Russia, China, Japan and France to replace the dollar in pricing oil with a basket of currencies.[1] According to the Wall Street Journal, Arab oil officials have denied the story, but even the possibility of such a talk weakens the dollar and renews fears about its continued viability as an international reserve currency.[2] In fact, today a United Nations official called for a new global reserve currency to replace the dollar and end our "privilege" to run up huge deficits.[3] We can see the effect of this in the price of gold, which hit a record high today in response to fears about the weakened dollar.[4]

All of this is a result of our out-of-control debt. This is why we need to rein in spending, and this is also why we need energy independence. A weakened dollar means higher commodity prices. This will make it more difficult to pay our bills – including the bill to import oil.

In his book Architects of Ruin, Peter Schweizer points out that the Obama administration is focusing primarily on "green energy," while ignoring our need to develop our domestic conventional energy resources.[5] We’re ignoring the looming crisis caused by our dependence on foreign oil. Because we’re dependent on foreign nations for our oil, we’re also at their mercy if they decide to dump the dollar as their trade currency. We can’t allow ourselves to be so vulnerable to the whims of foreign nations. That’s why we must develop our own domestic supplies of oil and gas.

Though the chant of "Drill, baby, drill" was much derided, it expressed the need to confront this issue head-on before it reaches a crisis point.

Bottom line: let’s stop digging ourselves into debt and start drilling for energy independence.

- Sarah Palin

[1] See http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

[2] See http://online.wsj.com/article/SB125484066563367821.html

[3] See http://www.breitbart.com/article.php?id=CNG.e272eaa74dccc30f21c6ff7638b0f37b.461&show_article=1

[4] See http://news.yahoo.com/s/afp/20091006/ts_afp/commoditiesgoldmetalsprice_20091006144514

[5] See http://www.peterschweizer.com/




*Note: Schweizer’s book is a real eye-opener. The sections on ACORN are quite informative.

We are in the middle of a major crisis, and obviously Obama is not helping matters. The United States has racked up more debt since Barack Obama took office on January 20, 2009 than in the last 233 years of America’s existence combined! Obama has spent more than every President, from George Washington to George W Bush, combined.

Now that’s bad enough, but since the democrat party gained control of Congress after the 2006 elections, we have also had a serious economic crisis. At a time Congress should be slashing budgets, killing useless programs, and cutting taxes, to stimulate the economy, all proven ways to do it, Obama is spending unprecedented amounts of money, attempting to engineer the government take over of 20 percent of our economy, and RAISE taxes on every single American. And that’s just for his communist ObamaCare program, an unconstitutional boondoggle that will destroy all freedoms and liberties in this country.

Now just in case ObamaCare fails to completely destroy America, Obama and his Flat Earth Society, has cap and tax to finish the nation off. These flat earthers believe in the fairy tale of "man made global warming," or at least they want YOU to believe this hoax.





We all know that the "green movement" is just an other mechanism to institute world wide communism. Remember, one of the leaders of this "movement" is none other than domestic terrorist Jeff Jones, a Marxist, and a co-founder, along with murdering terrorist (and longtime Obama confidant) William Ayers, of the ultra-violent Weather Underground, a group that declared war on America, and whose stated goal was to implement a Marxist society.

Of course, while Obama and psychopathic liars like Al Gore try to guilt you into turning your life, and hard earned dollars over to the state, there are other evils at work.

Anyone who even does the tiniest bit of cursory investigation knows we have enough oil, natural gas, and coal to make us completely energy independent. But Obama and his minions will not let us use it.

We have oil off the California coast. This is known oil. The wells are capped. In just a few short months these wells could be producing. California is broke, and about to become a failed state, and yet, we can’t use that oil, because it would "harm the planet."

If this is true, how does one explain Barack Obama’s incredibly generous support for drilling off the coast of Brazil?

I’m sure Obama would rather not explain, because this is just more corruption from the most corrupt President in our nation’s history. So, let me help you out here.

The story broke in August that Barack Obama had "loaned" Brazilian oil giant Petrobas $10 billion of our tax dollars so that they could drill for oil off of their coast. Aren’t Obama, Al Gore, and the rest "greens" concerned for Brazil’s pristine coastline? What gives?

Well, Barack Obama’s generosity with our tax dollars, and his lack of concern for the environment in the Southern Hemisphere, might have something to do with the fact that Nazi collaborator, billionaire currency speculator, and self proclaimed "owner of the democrat party" George Soros bought controlling interest in Petrobas just days before Obama’s multi-billion dollar loan!





As usual, Sarah Palin was all over this at the time, as were others, but as corrupt as Obama is, the news media has become nothing more than branch offices for the White House, nothing more than huge PR firms!

Really sad state of affairs, and it’s only getting worse, not better.

For America, the greatest nation on earth, to be in this mess, a mess that could have been completely avoided is more than just sickening, it’s criminal. The far left and GOP turncoat moderates, the Vichey Republicans, as a friend calls them, have sold us out.

We send between $700 billion and $1 trillion a year overseas to buy oil. This is the greatest transfer of treasure the world has known. The ultimate in the communist "share the wealth" plan. We are funding nations that hate our guts. We are actually paying them so they can in turn purchase the very equipment they will use to attack us, militarily, some day.

One can only image the boost to the economy we would see if we used our own God given natural resources, and kept that money at home.

Obama and his buddy Jeff Jones put together a nearly $1 trillion stimulus package that has been nothing short of a total disaster. A good man would admit his mistake, and admit it now.

I can think of no better of a stimulus package than to spend that money building new oil refineries. We haven’t built one in over 30 years, and actually have less online now than we did then!

We could build new clean coal plants to take advantage of one of our most plentiful resources. More importantly, we could go on a crash program similar to the program we used to go to the moon, and start building dozens of nuclear power plants nationwide.

Talk about job growth and economic stimulation!

As I write this, I realize America is at a dangerous time in her history. All of our enemies are circling around us like vultures, and we have the most inexperienced, incompetent President imaginable. Even worse, instead of an incompetent who at least believes in America and the American way, we are stuck with an anti-American, anti-capitalist, Marxist!

There is absolutely no excuse for America to be in this shape, ever. We are not some banana republic, or an island with no raw materials. Just the opposite, we are a nation with plenty of resources, and the ability to do anything.

We need to clean house in Washington. With very few exceptions there should be no incumbents reporting back to D.C. for work after the 2010 elections. Past that, the American people need to put pressure on Barack Obama to either do what is right, and stop this insane march to communism, or resign and let someone who knows what they are doing take his place.

When we see this rapid of a decline in America, and this level of incompetence from a President, it’s time for some tough love! Things are too fragile to allow this foolishness to continue.

Get a clue Mr President, the key to America’s national security, and her prosperity is her abundant natural resources!