Saturday, 17 April 2010

In with Mars and out with the moon - Obama's new frontier

On Thursday, 15th April, President Obama announced at Cape Canaveral the scrapping of the moon programme which he had inherited from George Bush. Understandly this drew consternation from the Apollo astronauts who flew the 1960s and 1970s moon missions as a sign of American demise.

Instead Obama delivered a US$6 billion boost in NASA's budget, then offset the cancellation of a mission that would once again send men to the moon by announcing a new program to land astronauts on Mars... and drop in on an asteroid as well.

Over the course of my days on this remarkable planet of ours, I have had the opportunity to get to know all manner of personality types. One of the most troubled have been the serial spenders... deluded individuals that simply can't help but buy all that their hearts desire, no matter how much pain results from their debt-financed spending. That describes today's political class.

Unless and until you start hearing the president making speeches about not going to Mars, followed by wishing legions of negative-equity houseowners who bought over their heads and government employees the best of luck as they start to toss away their their credit cards and enter the private sector, the only conclusion to be drawn is that a space ship isn't the only thing headed for outer space, but government debt as well.

This spending is unsustainable...


Click below for Obama's personality trait as analysed by a world personality expert:
Dr Sam Vaknin, narcissism, Obama and the fate of the world economy