I am glad the Americans elected BO that way they will bankrupt the country and become like a lot of other European countries, dependant on handouts from the IMF, probably what BO wants so the IMF can control all the world finances. It will only be then when Americans realize what they elected. The truth is socialism has never worked to drive economies throughout history. Look at USSR, Cuba, Argentina, Venezuela all third world countries that hit rock bottom at some time in their history. Now look at Europe and every socialist country is bankrupt and being propped up by Germany who is the last relatively conservative country left in the Euro. Greece is a joke, it can never repay its debts and will require bondholders to wipe out their debts. But just watch, those Greeks again in 30 years, they will be back at the trough for more, that's how socialists think, everything should be free and to hell what is does for the economy.