I hate to say it, but I told you.
The news broke today that sure enough, Ireland has been downgraded by top credit rating agency, Moody's. Ireland's credit rating was downgraded from AAA to AA2 because of their national debt and weak economic forecast. Ireland has steadily lost financial strength and countries like Portugal, Ireland, Italy, Greece and Spain all trade together extensively and it's no secret how they borrow from one another extensively so when one card in the house of cards falls, they all are in danger.
Does this sound even remotely familiar?
Our national debt is soaring, our economic forecast isn't much better at this point than that of Ireland and with increased federal regulation, more litigation and higher taxation in the future, our prospects do not look as bright as they could be. It's time to act and we must act now.
I am fully confident in the American people and the American dream. I've lived the American dream and without question, we are made of the right "stuff" to get the job done. We have to take action sooner rather than later and this November, we will have the opportunity to do just that.
It's not lost on anyone that our federal government is leading us down the wrong path. Whether it be intrusive laws or increased regulation, our federal government is spending more than it takes in and it creates a problem for us, for our children and for our grandchildren. But not all is lost just yet - we have to be more careful in who we elect and send to Congress.
We have to reduce our spending immediately. And that means we're going to have to sacrifice where some of our pet projects are concerned. We have to focus spending on things that help business, not hurt business. For example, rather than wasting taxpayer dollars on projects like Obamacare, we need to look at critical infrastructure. Roads and bridges must be a priority so job creators can have a delivery system that is consistent and reliable. And I'm not talking about Ted Steven's little bridge to nowhere either.
We must reduce some of the burdensome regulation on small business as well. We need people in Congress who understand what it means to own a business, to create jobs. Small business is the engine to our success and we need to support small business, not tie their hands. We need to immediately make it legal for small businesses to cross state lines to purchase insurance for their employees.
I am optimistic that by November 2nd, you'll see that we need the triple-threat in Washington to accomplish great things. We need someone with a record of job creation, a record of fiscal conservatism and the strength of character not to bow to the whims of special interest. And I am that triple threat.
If you've had the chance to review my website, DaveWhite2010.com, you know that my record of leadership is very unique and I have to confess, diving into the mess that has become of our federal government isn't exactly my idea of a day at the park with the kids. It's hard work that will require skill, experience and the freedom to make decisions that are based on real world experience and not hyperbole extracted from a consultant's talking points memo.
I'll be following this story very closely and giving you much-needed updates throughout the week.
Thank you.
Dave
Listen to the podcast below...
Dave Talks About Ireland's Moody Rating
