Free Republic

U.S. taxpayers flying standby in Solyndra bankruptcy case Published: September 29, 2011 OKLAHOMA City was the birthplace of Braniff Airways. Lost it to Dallas, in 1945. Dallas lost it 37 years later when Braniff nosedived into bankruptcy. In 1986, Oklahoma City tried to lure a major Boeing maintenance center. Lost it to Lake Charles, La., which lost it a few years later when Boeing operations were grounded by the economy. Oklahoma City went after a $1 billion United Airlines maintenance center. Lost it to Indianapolis, in 1991. United's parent company filed for bankruptcy 11 years later and scuttled the Indy...

It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG. Team Obama is spending $737 million to create 45 permanent jobs. The Hill reported, via Free Republic: The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009...

Mitt Romney is on the road, ... securing high-dollar donors and bundlers, He’s made stops in important primary states like Florida and has trips planned for another early state, Nevada. The former and would-be candidate also met with donors in New York City and Washington, D.C. this week. When all is said and done, the money tour is expected to hit 30 cities including stops in Los Angeles and Detroit. Donors that are getting ready to open their checkbooks or already have say that Romney has said he needs to raise $50 million quickly. “With all elections, of course, early...

If you thought the half-billion-dollar, stimulus-funded Solyndra bust was a taxpayer nightmare, just wait. If you thought the botched Fast and Furious gun-smuggling surveillance operation was a national-security nightmare, hold on. Right on the heels of those two blood-boilers comes yet another alleged pay-for-play racket from the most ethical administration ever. Welcome to LightSquared. It’s a toxic mix of venture socialism (to borrow GOP senator Jim DeMint’s apt phrase), campaign-finance influence-peddling, and perilous corner-cutting all rolled into one. The company is building “a state-of-the-art open wireless broadband network.” Competition in the industry is a good thing, of course. But military,...

Our new study shows that under the Obama jobs bill, debt-ridden states will get another big handout.Last Thursday, the president urged Congress to pony up roughly $200 billion in taxpayer money to "provide more jobs for teachers [and] more jobs for construction workers" and more money to carry out other state and local activities. He urges Congress to spend this money even after handing out hundreds of billions of dollars for similar purposes as part of the 2009 stimulus package, as well as a score and more billion dollars again in 2010. These vast contributions to the coffers of state...

The new super PAC backing Rick Perry has drawn up plans to spend $55 million as part of an ambitious campaign strategy aimed at blowing away the Texas governor's rivals in early primary states and securing him the Republican nomination by next spring, according to internal committee documents obtained by NBC News. The documents underscore the central role that such super PACs — or super political action committees unconstrained by any limits on how much they can collect from wealthy donors and corporations — will play in the 2012 presidential election. They also show that the strategists behind the new...

WASHINGTON—President Barack Obama will nominate businessman John Bryson to lead the Commerce Department, a White House official said Tuesday. Bryson's appointment brings another private sector player into an administration that has been making a concerted effort to improve its relationship with the business community.

Michael Milken evokes thoughts of financial wisdom at a level far beyond that of an unsophisticated fishing industry essayist like me. So, when one of the sessions at the Milken Institute Global Conference 2009 is titled "Innovative Funding for Sustainable Fisheries and Oceans," I take notice. The panel for the fisheries session was moderated by Larry Bond, a consultant for the Environmental Defense Fund (EDF) and the speakers were David Crane, David Festa, Jerry Schubel, and Jason Winship. Two members from EDF and none from the fishing industry, oh, well. The audio of the session is fascinating, particularly that of...

Question: What do the following have in common? Eckert Cold Storage Co., Kerly Homes of Yuma, Classic Party Rentals, West Coast Turf Inc., Ellenbecker Investment Group Inc., Only in San Francisco, Hotel Nikko, International Pacific Halibut Commission, City of Puyallup, Local 485 Health and Welfare Fund, Chicago Plastering Institute Health & Welfare Fund, Blue Cross Blue Shield of Tennessee, Teamsters Local 522 Fund Welfare Fund Roofers Division, StayWell Saipan Basic Plan, CIGNA, Caribbean Workers' Voluntary Employees' Beneficiary Health and Welfare Plan. Answer: T Read more at the Washington Examiner: http://washingtonexaminer.com/politics/2011/05/obama-skirts-rule-law-reward-pals-punish-foes#ixzz1NNIqd79w

The Wall Street Journal CEO Compensation Study was conducted by Hay Group, a management-consulting firm. The study analyzes CEO pay from the biggest 350 U.S. public companies by revenue that filed their definitive proxy statements between May 1, 2010, and April 30, 2011. Survey Methodology & Terms Definitions Footnotes How to Use This Chart: Click on a column heading to sort by that category. For an individual executive's full compensation details, as well as a link to the proxy statement, click the relevant row. All figures in thousands

"My view is that Washington and the regulators are there to serve the banks" Rarely do you see a politician quite this honest: Last Wednesday, just hours after securing the position of chairman of the House Financial Services Committee, Spencer Bachus, R-Ala., told the Birmingham News that "in Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks." In the very next paragraph, the newspaper reported that Bachus "later clarified his comment to say that regulators should set the parameters in which banks operate...

Michigan Congressman Thad McCotter, R-Livonia, is one of just nine Republicans nationwide to co-sponsor legislation that seeks to bail out union pension funds and put taxpayers "on the hook for $165 billion in unfunded union pension liabilities," according to Americans for Limited Government. McCotter is also the only Michigan U.S. House member from either party to co-sponsor the bill, H.R. 3936, which was introduced by North Dakota Democrat Earl Pomeroy and has 43 total co-sponsors. One former co-sponsor, Republican Mike Pence of Indiana, removed his name from the bill in late April, and Americans for Limited Government is asking the...

The state's flagship job creation agency made a plea to the media and legislators to stop "unwarranted criticism" against it and said attacks on the Michigan Economic Development Corporation will undermine the state's efforts to attract businesses. The MEDC's open letter comes after some recent embarrassing disclosures, including a tax credit approved for a convicted embezzler and a state audit that found the MEDC awarded tax credits to companies for jobs that weren't created. Last week, Michigan Capitol Confidential revealed that a $38 million MEDC tax credit program in Ann Arbor for Google had produced just 224 direct jobs during...

The people who own a Michigan insurance company have been effectively deprived of their power to sell their own investment under a new law hurriedly introduced and overwhelmingly approved by the Legislature this spring. Fearing that they could not stop the owner-investors of Fremont Insurance from selling it to another company, the politically well-connected board of directors has decided to keep control in their hands by changing state law. Frank Kavanaugh, a stockholder with over $3 million invested in Fremont, says this decision by his own employees is akin to "investing in protection and influence instead of the success and...

In 2006, Google's announcement that it was opening an AdWords office in Ann Arbor was trumpeted as the start of the transformation of a suffering Michigan economy. The Michigan Economic Development Corp. lured the Internet giant to Ann Arbor with a 20-year tax credit valued at more than $38 million. The city of Ann Arbor also gave it up to 400 free parking spaces for four years in a city where parking spots are much in demand. Based on current costs for a spot in an Ann Arbor parking structure, the parking deal would be worth $633,600 a year to...

Illegal: Obama Fires Inspector General Who Investigated CronyJune 12, 2009 BEGIN TRANSCRIPT RUSH: The inspector general of AmeriCorps has been fired. The inspector general... There are inspector generals for every federal agency, and they are not political, and they are there to investigate any malfeasance, any fraud, waste, theft, what have you. And they are not subject to -- theoretically they are not subject to -- political pressure. Firing one is a big deal. Firing an inspector general is a big deal. If you'll remember, Alberto Gonzales as attorney general fired a couple of US attorneys. He took hell for...

...Fan and Fred also couldn't prosper for as long as they have without the support of the political left, both in Congress and the intellectual class. This includes Mr. Frank and Sen. Chuck Schumer (D., N.Y.) on Capitol Hill, as well as Mr. Krugman and the Washington Post's Steven Pearlstein in the press. Their claim is that the companies are essential for homeownership. Yet as studies have shown, about half of the implicit taxpayer subsidy for Fan and Fred is pocketed by shareholders and management. According to the Federal Reserve, the half that goes to homeowners adds up to a...

Just Breaking

Due to copy right, the contents cannot be posted but here is the jist of the story. The Tennessee Highway Patrol has been a cesspool of corruption for YEARS where promotions are routinely sold to the most favored political contributor. Recently it was revealed that at least 41 of the 850 odd TH patrolmen are FELONS yet still remain on the payroll presumably because they have political connections. Now, DemocRat carpetbagger Gov. Phil Bredesen has come up with a solution, issue a $100,000 to $200,000 no bid contract to a consulting firm that contributed $12,500 to Bredesen's re-election campaign! Here...

Things are going from bad to worse at the Bush Department of Homeland Security. Do not be fooled by DHS chief Michael Chertoff's tough-sounding rhetoric. While the Washington muckety-mucks pay lip service to reforming the nation's broken detention and deportation system, catch-and-release of immigration lawbreakers remains the order of the day -- not only at the border, but all across the country's interior. The rudderless and overwhelmed U.S. Immigration and Customs Enforcement agency still does not have a new chief. Which is just as well since Bush nominee Julie Myers (a nice Bush lawyer with virtually no immigration or customs...