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Keyword: porkulus

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  • It's Official: The "Helicopter Money" Calls Have Begun (A new "Stimulus")

    06/02/2015 9:05:36 AM PDT · by tcrlaf · 23 replies
    zerohedge ^ | 6-2-2015 | Durden
    Towards the end of April, we discussed how QE has led to a global deflationary supply glut. This is a theme we’ve been building on for a while now and, as noted on Monday, it is perhaps nowhere more evident than among US oil producers. SNIP---- Sure enough, the semi-official helicopter cash drop call is here via Bloomberg View’s Clive Crook. Abandon all sound money faith ye who read on: But QE isn't unconventional any longer. It mostly worked, the evidence suggests. The world avoided another Great Depression. Yet even in the U.S., this is a seriously sub-par recovery; growth...
  • US ECONOMY SHRANK AT 0.7 PERCENT RATE IN FIRST QUARTER

    05/29/2015 5:47:11 AM PDT · by tellw · 117 replies
    AP ^ | 5/29/2015 | MARTIN CRUTSINGER
    WASHINGTON (AP) -- The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated. The Commerce Department says the overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period. The revised figure, even weaker than the government's initial estimate of a 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of...
  • Illinois Supreme Court Strikes Down Law to Rein in Public Sector Pensions

    05/08/2015 7:36:14 PM PDT · by TurboZamboni · 70 replies
    WSJ ^ | 5-8-15 | Joe Barrett and Ben Kesling
    The Illinois Supreme Court struck down the state’s 2013 pension overhaul, unraveling an effort by lawmakers to rein in benefits for the consistently underfunded public-sector system. The current pension shortfall is estimated at $111 billion, one of the largest nationally. The high court affirmed a decision in November by a state circuit court that the legislative changes violated pension protections written into the state constitution. The decision is a victory for a consortium of public-sector unions while creating a huge challenge for new Republican Gov. Bruce Rauner, who already faces a yawning budget deficit for the coming fiscal year.
  • Debunking Obama's Bilious Baltimore Babble

    04/29/2015 4:31:29 AM PDT · by Kaslin · 24 replies
    Townhall.com ^ | April 29, 2015 | Michelle Malkin
    It's never enough. American taxpayers have surrendered billions and billions and billions of dollars to the social-justice-spender-in-chief. But it's never, ever enough. The latest paroxysm of urban violence, looting, and recriminations in Baltimore prompted President Obama on Tuesday to trot out his frayed Blame The Callous, Tight-Fisted Republicans card. After dispensing with an obligatory wrist-slap of toilet paper-and Oreo-filching "protesters" who are burning Charm City to the ground (he hurriedly changed it to "criminals and thugs" mid-word), the 2009 Nobel Peace Prize winner got down to his usual business: hectoring his political opponents and grousing that America hasn't forked over...
  • GM to pause production of Chevy Volt as sales slow (1874 Volts sold in the entire 1Q)

    04/09/2015 4:19:03 PM PDT · by Red in Blue PA · 101 replies
    General Motors will stop making the Chevrolet Volt for four weeks in June and July due to slow sales and to deal with the change to an all-new version of the gas-electric hybrid car. The company says the Detroit-Hamtramck plant that makes the Volt and four other cars will probably stay open through the summer despite plans for the Volt. The factory also is undergoing construction so it can build a new full-size Cadillac CT6 and the 2016 Volt starting late in the summer. Sales of electric and hybrid cars have slowed this year, largely due to low gasoline prices....
  • Obama’s record budget: Tax the rich, help middle class

    02/02/2015 2:22:38 PM PST · by Olog-hai · 16 replies
    Associated Press ^ | Feb 2, 2015 4:24 PM EST | Andrew Taylor
    Promising to help America’s middle class, President Barack Obama on Monday sent Congress a record $4 trillion budget that would hammer corporate profits overseas and raise taxes on the wealthy while boosting tax credits for families and the working poor. Obama’s budget also would steer hundreds of billions of dollars to the nation’s crumbling infrastructure of roads and bridges, help provide two years of free community college and reverse the across-the-board, automatic budget cuts that have slammed the Pentagon and nearly every government department. In the face of certain opposition from Republicans, an optimistic Obama hailed a “breakthrough year for...
  • APNewsBreak: Obama ties foreign profits tax to public works

    02/01/2015 12:20:37 PM PST · by Olog-hai · 34 replies
    Associated Press ^ | Feb 1, 2015 11:18 AM EST | Jim Kuhnhenn and Andrew Taylor
    President Barack Obama’s budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. The proposal, one of the main components of the $4 trillion spending plan for the 2016 budget year that Obama will send to Congress on Monday, attempts to tap into bipartisan support for spending on badly needed infrastructure repairs and construction. The tax on accumulated foreign profits would be set at 14 percent and due immediately. Under current law,...
  • Obama calls for spending surge, buoyed by rising economy

    01/29/2015 6:14:59 PM PST · by Olog-hai · 45 replies
    Associated Press ^ | Jan 29, 2015 8:14 PM EST | Josh Lederman and Andrew Taylor
    Declaring an end to “mindless austerity,” President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping budget cuts both parties agreed to four years ago when deficits were spiraling out of control. Obama’s proposed $74 billion in added spending—about 7 percent—would be split about evenly between defense programs and the domestic side of the budget. Although he’s sought before to reverse the “sequester” spending cuts, Obama’s pitch in this year’s budget comes with the added oomph of an improving economy and big recent declines in federal deficits. Taking a defiant tone,...
  • Last minute surprise: North Carolina investigating Kay Hagan over ‘conflict of interest’

    11/03/2014 5:37:06 PM PST · by Libloather · 20 replies
    Hotair ^ | 11/03/14 | Noah Rothman
    For about 20 minutes just after midnight on Sunday morning, The Charlotte Observer published a story detailing the apparent conflict of interest which could represent a violation of ethics by embattled Sen. Kay Hagan (D-NC). The story revealed the details of an investigation into Hagan’s family, which received hundreds of thousands of dollars in stimulus grants – grants which Hagan voted for as a member of the U.S. Senate. The story was the first time that the state’s largest paper, The Observer, had informed their readers of the nascent controversy, but Tar Heel residents had to read it fast. The...
  • How well did the Fed's stimulus work? ($4 TRILLION quantitative easing drawing to a close)

    10/28/2014 2:56:42 PM PDT · by Libloather · 30 replies
    MSN ^ | 10/28/14 | MATTHEW CRAFT
    NEW YORK — Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should be roughed up. Over the past five years, as the Fed has pumped ever-more money into the financial system, critics have warned that it would lead to all kinds of disasters. Yet the central bank kept extending its bond-buying program, known by the wonky name of quantitative easing, or QE. It was an unprecedented effort aimed at lowering borrowing costs, encouraging spending and reviving a dormant economy before it could slip back into...
  • Ron Klain and Solyndra: The administration’s point man on a solar fraud is now in charge of Ebola.

    10/20/2014 7:36:07 AM PDT · by SeekAndFind · 13 replies
    National Review ^ | 10/20/2014 | Andrew McCarthy
    Ron Klain is a sharp-elbowed Democratic political operative with no medical expertise. Tapping him as “Ebola czar” may not be the president’s best move when, as it is, no one can believe a word the Obama administration says. And that’s not just because Mr. Klain is yet another lobbyist recruited despite Mr. Obama’s vow that his administration would shun lobbyists. Klain was also a central player in the president’s Solyndra fraud, which soaked taxpayers for over half a billion dollars for the benefit of Obama cronies. In Faithless Execution, I recount the Solyndra fraud. It never got the attention...
  • Obama Appoints Democrat Operative Who Oversaw “Stimulus” Boondoggle as “Ebola Czar”

    10/18/2014 5:37:07 AM PDT · by george76 · 37 replies
    TPNN ^ | October 17, 2014 | Matthew Burke
    Even though earlier this week, the official Obama Regime spokesman, Josh Earnest, announced to the nation that there was no need for an “Ebola Czar,” Obama announced his new “Ebola Czar” on Friday, a Democrat Party operative with no experience in the health care or medical industries. Ron Klain, a lawyer who oversaw the implementation of the failed Obama 2009 Stimulus “Porkulus” plan, also served as chief of staff to buffoonish Democrat Vice President Joe Biden and global warming huckster and fraud, former vice president, Al Gore. Think Solyndra.
  • U.S. consumer spending falls for first time in six months

    08/29/2014 5:47:16 AM PDT · by Oldeconomybuyer · 7 replies
    Market Watch ^ | August 29, 2014 | By Jeffry Bartash
    Consumer spending fell in July for the first time in six months, as Americans cut back on purchases of new cars and other retail goods, the government reported Friday. The drop in spending was a bit of a surprise: economists polled by MarketWatch had predicted a seasonally adjusted 0.1% increase. The growth in incomes, meanwhile, slowed to 0.2% pace in July from 0.5% in each of the prior two months. It was the smallest gain since December and also below Wall Street expectations.
  • GM to debut next version of slow-selling Volt hybrid in January

    08/07/2014 12:41:23 PM PDT · by Oldeconomybuyer · 28 replies
    Reuters ^ | August 7, 2014 | by Bernadette Baum
    General Motors Co said Thursday it will show the next-generation of its slow-selling Chevrolet Volt hybrid electric car in January. The current Volt is priced just under $35,000 and has a driving range of almost 40 miles on its electric charge. Nevertheless, sales so far this year through July fell almost 9 percent from a year earlier to 10,635 vehicles. The Cadillac version of the Volt, the ELR coupe, has also failed to catch on as GM has sold only 578 during the seven-month period. GM said it would spend almost $400 million to upgrade tooling and equipment at the...
  • Spain to unveil $8.6 billion stimulus package

    05/31/2014 8:22:09 AM PDT · by Olog-hai · 38 replies
    Associated Press ^ | May 31, 2014 9:31 AM EDT
    Spain’s prime minister says his government will unveil a stimulus package worth €6.3 billion ($8.6 billion) to boost competitiveness. […] (Mariano Rajoy) said Saturday corporate tax would be cut from 30 percent to 25 percent. …
  • EPA Spends Millions Getting People $14 Per Hour Green Jobs

    05/15/2014 12:34:53 PM PDT · by Oldeconomybuyer · 7 replies
    The Daily Caller ^ | May 14, 2014
    The Environmental Protection Agency has handed out $3.6 million to 18 different community organizations across the country to train college graduates, the unemployed, low-income people and others to take on green jobs. To date, the EPA has funded 237 job training programs grants totalling more than $50 million to train 12,800 people how to work in the green industry. Of those trained, about 9,100 obtained green jobs — a 71 percent success rate at a cost of $5,500 in taxpayer funds per job. Last year, the free-market Institute for Energy Research estimated that the Department of Energy spent $26 billion...
  • Longtime Minnesota congressman Oberstar dies at 79

    05/03/2014 12:37:13 PM PDT · by Olog-hai · 25 replies
    Associated Press ^ | May 3, 2014 2:03 PM EDT | Amy Forliti
    Former U.S. Rep. Jim Oberstar, who represented northeastern Minnesota for 36 years and brought millions of dollars to the state as chair of the powerful House Transportation Committee, died unexpectedly early Saturday morning. He was 79. A statement released by his family said Oberstar died in his sleep. A cause of death was not provided. His former chief of staff, Bill Richard, said Oberstar died at his home in Potomac, Maryland. […] Oberstar, a Democrat, was elected to Congress in 1974 and served 18 terms—the state’s longest-serving member of Congress. Oberstar became chairman of the House Transportation and Infrastructure Committee...
  • Where Have All the Green Jobs Gone?

    05/03/2014 8:14:38 AM PDT · by Oldeconomybuyer · 36 replies
    The Nation ^ | April 22, 2014 | by Michelle Chen
    ...Five years ago, “green jobs” were all the rage in Washington. The American Recovery and Reinvestment Act was rolled out with a win-win agenda aimed at fixing the economy and healing the environment at once. Candidate Obama touted a “blueprint” for a green economy, with plans to create 5 million green jobs. Though federal green initiatives have provided vital seed money for wind farms and solar-generation projects nationwide, the blue-collar workers who have the most to gain from the projected clean-tech boom are still struggling to find any job, much less a green one. Indeed, some environmentalists say that green...
  • BIG NEWS: Feds Paid $40 Million to Claire McCaskill’s Husband’s Businesses (calls for tax returns)

    10/09/2012 11:34:20 AM PDT · by barmag25 · 24 replies
    The Gateway Pundit ^ | 10/9/12 | Jim Hoft
    Game Changer? The federal government paid nearly $40 million dollars to Claire McCaskill’s husband’s businesses her first five years in office as Missouri Senator. During that time McCaskill has had influence over federal policy that has directly affected her family’s income. Missouri royalty - The rest of the country has suffered but Claire McCaskill and her husband Joseph Shepard have done very well these past five years. There are renewed calls for Democrat McCaskill to release her tax returns. ABC3040 reported: Businesses affiliated with the husband of Missouri Sen. Claire McCaskill have received almost $40 million in federal subsidies for...
  • EXCLUSIVE: Sen. McCaskill's Husband's Businesses Benefitted From $20 Million in Stimulus Funds

    10/25/2012 12:23:24 PM PDT · by jazusamo · 24 replies
    National Legal & Policy Center ^ | October 25, 2012 | Ken Boehm
    An analysis of public records by the National Legal and Policy Center (NLPC) has found more than $20 million in federal stimulus funds benefitting real estate projects financially tied to Joseph Shepard, husband of Missouri Senator Claire McCaskill. Earlier this month, the Associated Press published an analysis , stating, "businesses affiliated with the husband of Senator Claire McCaskill have received almost $40 million in federal subsidies for low-income housing developments during her first five years in office..." The NLPC analysis released today showed more than $20 million in financial benefits from the federal stimulus law to real estate projects associated...
  • Millennials discover the reality of liberal government

    03/29/2014 11:27:33 AM PDT · by Olog-hai · 33 replies
    Daily Caller ^ | 6:13 PM 03/28/2014 | Salvator La Mastra
    When you get what you want, you find out it’s not what you need. That is what Millennials are experiencing right now as the liberal program they voted for in 2008 and 2012 is being implemented. […] Millennials are now seeing an America they cannot thrive in. The trillion-dollar stimulus and out of control government spending ushered in by liberal politicians produced few shovel ready jobs, while leaving per capita debt at $52,948. According to the Bureau of Labor Statistics, the 2013 labor force participation rate of those in their twenties has hit the lowest level on record since 1981....
  • Central Corridor train derails on icy patch in downtown St. Paul

    02/27/2014 5:51:52 AM PST · by TurboZamboni · 3 replies
    Pioneer Press ^ | 2-27-14 | Tad Vezner
    Metro Transit crews work to get a light rail train back on track after it derailed Wednesday while traveling north on the Green Line at Cedar Street and 12th Street in downtown St. Paul. (Pioneer Press: John Autey) A Central Corridor light-rail test train rolled off the tracks on Cedar Street in downtown St. Paul on Wednesday afternoon. The minor derailment occurred as the northbound train, which was not carrying passengers, attempted to navigate a turn at 12th Street just before rush hour. It was leaving downtown headed toward Minneapolis. Crews working on the derailment hooked up another train to...
  • Obama announces new Midwest manufacturing hubs

    02/25/2014 12:54:17 PM PST · by Olog-hai · 37 replies
    Associated Press ^ | Feb. 25, 2014 3:41 PM EST | Nedra Pickler
    President Barack Obama is announcing the creation of two Pentagon-led institutes, using public and private resources, to boost advanced manufacturing, help create jobs and perhaps build the next “Iron Man.” One center will be in Obama’s hometown of Chicago, concentrating on high-tech digital manufacturing and design. The other will be located in Canton, Mich., near Detroit, and specialize in light metal manufacturing. …
  • Obama: Stimulus Success Has Made Critics Eat Their Words

    02/18/2014 7:56:16 PM PST · by RC one · 34 replies
    Breitbart ^ | 18 Feb 2014, 3:45 PM PDT | Wynton Hall
    In a speech marking the five-year anniversary of his $831 billion economic stimulus plan, President Barack Obama said on Tuesday that his plan, passed one month into his presidency, succeeded and that his critics were proven wrong and "have had to eat those words."
  • Total Lawlessness, a Disastrous Economy, and CBS Asks Obama About ... What He's Watching on TV

    RUSH: This is CBS this morning and the co-respondent is Bill Plante. We had the fifth anniversary of the stimulus yesterday. We're in the midst of an absolutely devastated United States economy. There is no end in sight. We are also in the midst of the total wrecking of the American healthcare system. We are in the process of tearing it apart and rebuilding it all under government control eventually. No matter where you look, the jobs market, the economy, any Obama policy, no matter where you look, there is utter disaster. In fact, polling data out there, Washington Examiner,...
  • Five years later, White House and critics fight over stimulus law

    02/17/2014 6:21:15 PM PST · by BenLurkin · 4 replies
    LAT ^ | February 17, 2014, 2:20 p.m. | David Lauter
    As told by Democrats, the stimulus law is a tale of officials using government effectively to shield families from a severe economic crisis triggered by inadequately regulated speculation. In that accounting, the law is a prime example of how a strong central government can help the average person. To Republicans, by contrast, the law provides proof that government spending does little other than to burden future generations with debt. Given the continued weakness in the economy, Republicans have the simpler case to make: Good times have not yet returned, therefore, Obama’s policies have failed. Florida Sen. Marco Rubio demonstrated the...
  • Poll: Unemployment now America's #1 problem (post porkulus?)

    02/17/2014 2:48:41 PM PST · by Libloather · 11 replies
    The Hill ^ | 2/17/14 | Kristina Wong
    Unemployment is now the #1 problem in America, according to a Gallup poll released Monday. After the government shutdown in October, “Government/Politicians” ranked #1 as the top problem in America through mid-January, when legislators passed a bipartisan budget deal. After that, there was a 11-percent drop among Republicans who listed “Government/Politicians” as the top problem, from 26 percent in January to 15 percent in February. The new poll shows that unemployment is now the top issue — an increase of 16 percent from January. Republicans, Democrats and independents all said “Unemployment/Jobs” was the top problem, but the jump was the...
  • Silence (So Far) from Democrats on Stimulus Anniversary

    02/17/2014 1:27:00 PM PST · by Libloather · 11 replies
    NBC News ^ | 2/17/14 | Mark Murray
    When the $787 billion federal stimulus was signed into law exactly five years ago this Monday, the U.S. economy was losing almost 800,000 jobs per month. Now? More than 4.2 million jobs have been added since March 2009. Also at this time five years ago, the unemployment rate was 8.3% and would climb to a high of 10.0% just months later. Now it stands at 6.6%. But on this fifth anniversary of the stimulus – passed mostly along party lines in response to financial crisis and Great Recession – Democrats and the White House have responded so far with …...
  • 5 Years After Stimulus, Obama Says It Worked(libs at Time waking up)

    02/17/2014 11:20:16 AM PST · by gooblah · 18 replies
    Time Swampland ^ | Michael Grunwald
    Five years ago Monday, President Barack Obama visited the Denver Museum of Nature and Science to sign the American Recovery and Reinvestment Act, his $800 billion stimulus bill. At the time, the U.S. economy was losing 800,000 jobs a month. In the fourth quarter of 2008, it had contracted at an 8% annual rate, a Depression-level free fall. “Today does not mark the end of our economic problems,” Obama said on Feb. 17, 2009. “But it does mark the beginning of the end.” And so it did. The stimulus quickly became a national joke, mocked by the right as a...
  • A Huge Solar Plant Opens, Facing Doubts About Its Future

    02/14/2014 8:11:25 AM PST · by lbryce · 56 replies
    New York Times ^ | February 13, 2014 | DIANE CARDWELL and MATTHEW L. WALD
    The Ivanpah solar power plant stretches over more than five square miles of the Mojave Desert. Almost 350,000 mirrors the size of garage doors tilt toward the sun with an ability to energize 140,000 homes. The plant, which took almost four years and thousands of workers assembling millions of parts to complete, officially opened on Thursday, the first electric generator of its kind. It could also be the last. Since the project began, the price of rival technologies has plummeted, incentives have begun to disappear and the appetite among investors for mammoth solar farms has waned. Although several large, new...
  • Obama's Stimulus Money-Laundering Scam

    01/15/2014 2:04:57 PM PST · by Nachum · 8 replies
    Rushlimbaugh.com ^ | 1/15/14 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Newport Beach in California. Steve, I'm glad you called, sir. Great to have you on the EIB Network. Hello. CALLER: Rush, good to be here, love listening to your show, and again your comments this morning regarding the unions and the -- RUSH: Money laundering. CALLER: Exactly. That's the term I was looking for, the money laundering. It's exactly what's going on out here in California with the bullet train. The politicians in California, all the Democrats have given all of the public employee unions their payback, but they've got a problem. All of the private sector...
  • Obama Plans to 'Mobilize' Americans Around a 'National Mission'

    01/13/2014 5:31:23 AM PST · by PROCON · 141 replies
    CNSNEWS ^ | Jan. 13, 2014 | Susan Jones
    (CNSNews.com) - President Obama says he will use his upcoming State of the Union Address to "mobilize the country around the national mission of making sure our economy offers everyone who works hard a fair shot at opportunity and success." In his weekly radio address on Saturday, he outlined some of the steps he'll take to make 2014 "a year of action." "Working folks are looking for the kind of stable, secure jobs that went overseas in the past couple decades. So next week, I'll join companies and colleges and take action to boost the high-tech manufacturing that attracts the...
  • LA To Receive Up To $500M As White House ‘Promise Zone’

    01/08/2014 1:02:32 PM PST · by BenLurkin · 40 replies
    CBSLA.com/AP) ^ | January 8, 2014 9:40 AM | Pete Demetriou
    The city of Los Angeles could receive as much as $500 million in grant money over the next decade under a federal program to fight poverty and improve quality of life, according to reports. Under the Promise Zone initiative, LA and four other regions across the United States have been selected as part of the Obama Administration’s plan to combat high poverty in American communities, White House officials announced Wednesday. The initiative, which was first announced in President Obama’s 2013 State of the Union speech, is designed to bolster partnerships between local businesses and their community “to create jobs, increase...
  • Almost anything would have been better stimulus than ‘Cash for Clunkers’

    11/03/2013 8:29:00 PM PST · by Olog-hai · 29 replies
    Washington Post ^ | October 31, 2013 11:09 am | Brad Plumer
    When the Obama administration first proposed its “cash for clunkers” plan in 2009, the reaction was generally favorable. Congress would spend $2.85 billion to encourage drivers to swap their old gas guzzlers for newer, more fuel-efficient cars. … But, as it turns out, the critics were on to something. A new analysis from the Brookings Institution’s Ted Gayer and Emily Parker found that the program was fairly inefficient as economic stimulus and mostly pulled forward auto sales that would have happened anyway. It also cut greenhouse-gas emissions a bit—the equivalent of taking up to 5 million cars off the road...
  • Obama uses executive order in sweeping takeover of nation's climate change policies (!!!)

    11/01/2013 6:01:28 PM PDT · by LiveFreeOrDie2001 · 146 replies
    Fox News ^ | 11/1/2013 | Perry Chiaramonte
    Snip: Through the stroke of a pen, President Obama on Friday used his executive powers to elevate and take control of climate change policies in an attempt to streamline sustainability initiatives – and potentially skirt legislative oversight and push a federal agenda on states. The executive order establishes a task force of state and local officials to advise the administration on how to respond to severe storms, wildfires, droughts and other potential impacts of climate change. The task force includes governors of seven states — all Democrats — and the Republican governor of Guam, a U.S. territory. Fourteen mayors and...
  • Carr: Call 911! EBT benefits get cut (Hussein's porkulus runs out)

    11/02/2013 3:51:03 AM PDT · by Libloather · 35 replies
    Boston Herald ^ | 11/01/13 | Howie Carr
    **SNIP** If you have any questions, dial 800-645-8333 on your Obamaphone. There’s only one way to cope with this mean-spirited Republican attack on the leisure classes — get more EBT cards. You just go down to the welfare office and make a “self-declaration,” meaning nobody checks. That’s how come you read so often nowadays of illegals being pinched, and just before the traditional paragraph about the immigration detainer, you learn that the “dreamer” had two, or three, or even four EBT cards. Poor Campeo Armando Diaz-
Carola, sentenced to eight years in prison earlier this week after being caught with a...
  • Food Stamp Cuts Affect 1 in 7 Americans

    11/01/2013 6:28:06 AM PDT · by upchuck · 54 replies
    Brietbart/UPI ^ | Fri, Nov 1, 2013
    U.S. food stamp cuts taking effect Friday are one of two stimulus safety-net programs ending, an economist said. The other is extended unemployment benefits. ... It was a temporary increase in the maximum amount of food stamp benefits people could get monthly as part of Washington's response to the Great Recession. ... Friday's change in the food stamp program, officially known as the Supplemental Nutrition Assistance Program, or SNAP, cuts monthly benefits 13.6 percent -- or, more precisely, ends a 13.6 percent increase in SNAP benefits from the stimulus act. Benefits to a family of four receiving the maximum amount...
  • Germany wastes billions on bizarre projects

    10/17/2013 5:57:46 PM PDT · by Olog-hai · 19 replies
    TheLocal.de ^ | 17 Oct 2013 16:19 CET | (The Local/AFP/fs)
    Bridges for field mice, a disastrously over-budget philharmonic hall and a cycle path that stops in the middle of nowhere—a list published on Thursday reveals the bizarre ways in which the government has wasted German taxpayers’ money. The so-called “Black Book”, compiled by the German Taxpayers’ Alliance, lists the many and diverse ways where the state has spent billions of euros of public finances through poorly planned, questionable and absurd projects. The body’s head, Rainer Holznagel said: “Germany is richer than ever before. But far too much of our hard-earned money is not being spent efficiently.” … Most expensive of...
  • ‘Shutdown’ Day 7: Government Buys $47,174 Mechanical Bull

    10/08/2013 11:06:47 AM PDT · by Olog-hai · 46 replies
    Cybercast News Service ^ | October 7, 2013 - 3:21 PM | Eric Scheiner
    The government shutdown may be keeping furloughed federal workers at home, but on Monday the U.S. Army contracted to buy a mechanical bull. The $47,174 contract was awarded on Oct. 7 to Mechanical Bull Sales Inc. of State College, Penn. … Lt. Col. Hank McIntire of the Utah National Guard tells CNSNews.com that the mechanical bull is regularly used as a tool by recruiters at fairs and other events. …
  • Bill would toughen compounding pharmacy oversight

    09/25/2013 5:47:33 PM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Sep 25, 2013 8:33 PM EDT | Steve LeBlanc
    The Food and Drug Administration would have greater oversight over large volume compounding pharmacies like the Massachusetts company that triggered a deadly meningitis outbreak, under federal legislation winning bipartisan support. Iowa Sen. Tom Harkin, the Democratic chairman of the Committee on Health, Education, Labor, and Pensions, said Wednesday that the bill calls for an “unprecedented tracing system that will track prescription drugs from manufacturing to distribution.” The FDA would be able to monitor the pharmacies much the way they regulate drug-makers, including through inspections. The system would replace what critics say is the existing patchwork of federal regulations over the...
  • U.S. puts non-performing $50 million green-tech loan up for auction

    08/15/2013 4:51:39 PM PDT · by Oldeconomybuyer · 3 replies
    Reuters ^ | August 15, 2013 | By Deepa Seetharaman
    The U.S. Department of Energy will put up for auction this week a $50 million loan awarded to the now-closed Vehicle Production Group LLC, an unusual move by the DOE that may give U.S. taxpayers a chance to recoup a portion of their investment. The auction may also mark a path for the government to offload non-performing loans made to other troubled, taxpayer-backed companies, including hybrid sports car maker Fisker Automotive, which owes the DOE $192 million and has so far failed to secure a buyer. "I just don't see a great argument for making the bid and resurrecting either...
  • $100 Mil Stimulus Green Company Obama Praised in State of the Union Address Goes Bankrupt

    08/13/2013 5:39:30 PM PDT · by lowbridge · 17 replies
    http://frontpagemag.com ^ | august 13, 2013 | Daniel Greenfield
    The Ecotality case wasn’t the biggest payoff, but it was particularly outrageous because it got stimulus money when it was already under SEC investigation.The company received a subpoena from the Securities and Exchange Commission in October of 2010.The president of Ecotality North America Don Karner was sent an additional subpoena in December of 2011, which specifically asks for any and all documentation surrounding the public announcement of the first Department of Energy grant to the company for $99.8 million on August 5, 2009.Ecotality was awarded $99 million in 2009 and an additional $26 million in October 2011. Since the beginning...
  • Why Government Spending Does Nothing for Jobs

    06/21/2013 5:51:59 PM PDT · by neverdem · 9 replies
    Bloomberg.com | Jun 19, 2013 | Caroline Baum
    Here's the link.
  • At Long Last, a Monorail for New York City?

    06/20/2013 9:40:32 AM PDT · by Olog-hai · 61 replies
    New York Magazine ^ | June 19, 2013 at 3:54 PM | Matt Taylor
    Most of the city’s 2013 mayoral candidates came together to broach public-transportation issues in back-to-back forums at Baruch College in Manhattan on Wednesday. Anthony Weiner was there, looking very determined to come across as thoughtful and focused rather than bored (as the press corps has branded him at previous debates). But it was John Catsimatidis, the grocery-store baron and long-shot Republican hopeful, who made the biggest splash of the morning when he called for building a monorail alongside the Long Island Expressway. “Not subway, ABOVE-way,” he said, dismissing the possibility of expanding the existing underground rail system as a pipe...
  • Special Report: Bad Karma: How Fisker burned through $1.4 billion on a 'green' car

    06/17/2013 6:05:56 AM PDT · by Oldeconomybuyer · 14 replies
    Reuters ^ | June 17, 2013 | By Deepa Seetharaman and Paul Lienert
    Fisker Automotive hasn't built a car in nearly a year. It fired most of its workforce, hired bankruptcy advisers and is seeking a buyer. Co-founder Henrik Fisker resigned in mid-March in a dispute with some of the directors. And despite raising $1.4 billion in private and public funds since its founding in 2007, the company is out of cash. For months, key investors have been footing the car maker's day-to-day expenses to keep it alive in diminished form. The Energy Department has repeatedly defended its handling of the Fisker loan. Nicholas Whitcombe, who previously led the DOE loan program, told...
  • It’s For the Kids… Obama’s “Mother of All Databases” Includes Information On Your Children

    06/14/2013 3:16:13 PM PDT · by 2ndDivisionVet · 16 replies
    Gateway Pundit ^ | June 14, 2013 | Jim Hoft
    This ought to make your day. Barack Obama’s massive “mother of all databases” includes information on your children.Barack Obama reads a book about himself to a group of children ages 3 to 5 back in 2011. (USA Today) Tea Party Nation reported: Speaking of databases, there’s one out there that’s more than a little bit disturbing. It’s but one more devious plan created by none other than Barack Hussein Obama to store personal information on our children. No wonder Maxine Waters spouted off that Obama’s database knew everything about everybody – this is one of the few times that Maxine...
  • Energy Dep’t Spending Millions So You Can Buy a $50K Hydrogen-Powered Car

    06/14/2013 4:04:42 AM PDT · by Olog-hai · 6 replies
    Cybercast News Service ^ | June 12, 2013 - 10:17 AM | Susan Jones
    The Energy Department has $9 million more taxpayer dollars to spend on projects that may make a very expensive car less expensive and more acceptable to consumers. The latest round of funding is intended to accelerate the development of hydrogen fuel cell vehicles, backup power systems, and hydrogen refueling stations. … Ironically, the Energy Department credits cheaper fossil fuel with reducing the cost of producing hydrogen fuel cells: “Recent development of the United States’ tremendous shale gas resources has not only helped directly cut electricity and transportation costs for consumers and businesses, but is also helping to reduce the costs...
  • Obama to name Furman as chief economist

    06/10/2013 4:52:03 AM PDT · by John W · 12 replies
    Reuters via Yahoo News ^ | June 10, 2013 | Matt Spetalnick
    WASHINGTON (Reuters) - President Barack Obama on Monday will nominate longtime adviser Jason Furman to be his new chief White House economist, an administration official said. Furman, who will replace economist Alan Krueger as chair of the White House's Council of Economic Advisers (CEA), has a Ph.D. in economics from Harvard University and has advised Obama since his 2008 election campaign. Furman has been instrumental in formulating administration policies on taxes, the response to the U.S. recession, the formulation of a sweeping healthcare overhaul and efforts to avoid a "fiscal cliff" at the end of last year. "Furman has been...
  • Nissan Leaf races ahead of Chevy Volt in May

    06/04/2013 5:39:08 AM PDT · by Oldeconomybuyer · 11 replies
    Christian Science Monitor ^ | June 3, 2013 | By David J. Unger
    Electric car sales hummed along in May amid a solid month for the auto industry. But the surprise story this year was May's strong full-size pickup truck sales – not exactly a sign an endorsement of efficiency and alternative fuels. Nissan sold 2,138 Leafs in May, up 319 percent over last year. In March, the company sold a record 2,236 units of its all-electric vehicle. General Motors sold 1,607 Volts in May, down 4.3 percent from a year ago. In the first five months of 2013, the company sold only 100 more Volts than during the same period last year.
  • Exclusive: Obama pulls plug on $32,000 meeting with electric car advocate

    06/03/2013 8:37:11 PM PDT · by Oldeconomybuyer · 17 replies
    Mother Nature Network ^ | June 3, 2013 | by Jim Motavalli
    It turns out that Paul Scott will not be meeting President Obama after all. The passionate electric car advocate (and co-founder of Plug In America) puts his money where his mouth is by selling Nissan Leafs in Los Angeles. He had sent in $32,400 — a good chunk of his relatively modest savings — for a chance to briefly meet President Obama at a forthcoming fundraiser and talk about climate change and his personal story — 10 years driving an electric car fueled by solar power. But on Monday in an email, Scott was disinvited by the Democratic National Committee...