On Monday, during a fundraiser in California, President Obama declared that Europe’s debt problems and their inability to solve them was “scaring the world.” He went on to explain that Europeans “have not fully healed from the crisis back in 2007 and never fully dealt with the challenges that their banking system faced” and that “they’re trying to take responsible actions, but those actions haven’t been quite as quick as they need to be.”

This of course is coming from a President who has done nothing to deal with our own country’s enormous debt crisis and who is in fact eager to incur even more debt with another useless stimulus bill (now called a “jobs bill” though the last stimulus failed to produce the jobs it promised, which is perhaps why Harry Reid doesn’t seem too eager to bring this new bill to a vote despite the President’s demands to “pass this bill”). Yes, Europe has serious debt problems, but for President Obama to be lecturing our allies about not being “quite as quick” in dealing with a debt crisis is downright hypocritical.

When his all-too-common finger-pointing is directed at Republicans, President Obama’s search for a scapegoat is swallowed as merely the typical Beltway politics of our permanent political class. But pointing fingers at our allies when they are working to get their own financial house in order is counterproductive and can have a serious negative affect on our ability to lead the free world.

One German newspaper denounced the President’s comments as “overbearing, arrogant, and absurd.” Another wrote: “The gloomy state of the economy is putting a damper on Obama’s future prospects. The optimism of the past is gone, replaced by a cheap search for a scapegoat.” And still another wrote: “That’s not how friends talk to each other. That applies particularly to friends who have themselves failed to get a handle on their own, self-made crisis.”

Can we blame them for feeling this way? Keep in mind this was a President who was supposed to make the rest of the world “like” us again.

It’s about time the President showed some leadership and took responsibility rather than campaigning on blaming everyone else for the financial mess his policies have exacerbated.

Between President Obama’s hypocritical lecture poking our allies in the eye again and one Democrat governor’s call to postpone lawfully mandated elections for two years, I suppose nothing should surprise concerned Americans anymore. But that doesn’t mean we have to accept these misguided memes. 2012 can’t come soon enough.

- Sarah Palin

as posted by Sarah Palin on Wednesday, September 28, 2011 on her FaceBook

UPDATE: Yet another shoe drops in the ongoing crony capitalism problems now engulfing the Obama administration. Yesterday, we learned that the Obama White House allegedly pressured a four-star Air Force general to change his testimony about a company linked to a major Democrat donor.

In my recent speech in Iowa, some eyebrows were raised when I took on our government’s enormous economic problems caused by crony capitalism. As if on cue, just days later President Obama selected someone who exemplifies a major crony capitalism problem to sit next to the First Lady when he delivered his “jobs plan” speech before Congress. He selected General Electric CEO Jeffrey Immelt as his honored guest.

Having grown up with great respect for GE thanks to stories my grandfather shared with us about his days working for the company and even meeting GE spokesman-at-the-time Ronald Reagan during a company event, I am saddened at GE’s leadership evolution. This corporation is now the poster child of corporate welfare and crony capitalism.

This icon of American industry is a company full of good employees who make some good products (and is the parent company of a huge media outlet), but GE is also a large American corporation that pays virtually no corporate income taxes despite earning worldwide profits of $14.2 billion last year, $5.1 billion of it in the United States. In fact, they claimed a tax benefit of $3.2 billion, meaning they received more of our hard earned tax dollars than they contributed. How is that possible? It’s because not only do they shelter their money from taxes, but they also get many tax credits, loans, government grants, and other benefits from the federal government that our smaller businesses couldn’t even imagine being able to profit from.

Joining GE in the pantheon of crony capitalism is another Obama favorite that has been in the news of late: Solyndra. The President hailed this “green energy” company in a speech last May as “the true engine of economic growth.” When he announced the $535 million guarantee to Solyndra, Vice President Biden said that investments like this are “exactly what the Recovery Act is all about.” (Dear God…If the failed Solyndra venture has been what it’s “all about,” then that explains a lot.) As I pointed out in my speech at the Reagan Ranch Center last February: “History has proven again and again, when government picks the winners and losers, we’re stuck with the losers, and we the taxpayers subsidize failure!” And that’s what we’re seeing now, as the FBI raids the solar energy company’s headquarters to glean more information after the company was handed half a billion dollars in “green energy” Stimulus funds from the American taxpayer only to later declare bankruptcy. More than one thousand Solyndra workers lost their jobs. Now as the truth comes out, we discover that the White House was heavily involved in the Department of Energy’s rushed decision to give the Stimulus funds to Solyndra, and they tried to move the money through so quickly they seem to have ignored concerns that the company was not viable. Why would they do this? Perhaps it’s because a large investor in the company (about 35%) is Obama campaign bundler George Kaiser. And with the way the deal is structured, Kaiser will get his debts paid before we the taxpayers see any relief. That is sickening. And that’s how it works: workers lose their jobs, wealthy political cronies stand a good chance of getting their money back, and the U.S. taxpayer gets the shaft. Again.

President Obama has his sights set on raising $1 billion for his reelection campaign. Raising that money won’t be easy. But if you can hand out other people’s money to friends, it must get a whole lot easier. This crony capitalism and government waste is at the heart of our economic problems. It will destroy us if we don’t root it out. It’s not just a Democrat problem or a Republican problem. It’s a problem of our permanent political class. This won’t stop until “we the people” say enough is enough, and we retire the permanent political class that votes for this.

- Sarah Palin

as posted by Sarah Palin on Wednesday, September 14, 2011 on her FaceBook