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Keyword: porkulus

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  • 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...
  • Washington, D.C.: The New Boomtown

    05/28/2013 10:24:15 AM PDT · by posterchild · 17 replies
    WSJ via finance.yahoo.com ^ | Fri May 24, 2013 | Lauren Schuker Blum
    Bidding wars are breaking out. Foreign buyers are moving in. A new wave of contemporary architecture is taking hold. And a growing class of tech executives is helping to fuel the boom. All this is happening in Washington, D.C., a town known for its relative affordability compared with cities such as New York and San Francisco, and for architecture about as exciting as its fashion sense. Today, home prices in Washington and its surrounding suburbs are rapidly rising to new levels. As other American cities have been buffeted by an uneven economy, Washington's property market has been buoyed two forces...
  • Stimulus: $152K To Get Lesbians Ready For 'Adoptive Parenthood'

    05/15/2013 2:54:23 PM PDT · by drewh · 14 replies
    Cybercast News Service ^ | May 15, 2013 | By Elizabeth Harrington
    While the White House claims its stimulus package “supported as many as 3.5 million jobs,” none were yielded from a $152,000 project to ready lesbians for “adoptive parenthood.” The $833 billion American Recovery and Reinvestment Act (ARRA), commonly known as the stimulus, awarded the tustees of Clark University, in Worcester, Mass., $152,000 to interview roughly 50 lesbian couples about their adoption experiences. “The goal of this project is to investigate the unique strengths and potential challenges of lesbian couples across the transition to adoptive parenthood,” the grant states. “Given that parental mental health has implications for child development, and the...
  • CBO Report Finds GSEs Responsible for 13 Percent of Underwater Borrowers

    05/03/2013 4:17:30 PM PDT · by Oldeconomybuyer · 2 replies
    National Mortgage Professiona ^ | May 3, 2013 | by Robert Ottone
    The Home Affordable Modification Program (HAMP) was established to assist the nation’s underwater borrowers get out from under their massive mortgage debt. In a Congressional Budget Office report, both Freddie Mac and Fannie Mae have been found to be responsible for nearly 13 percent of underwater borrowers. The report, “Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal Forgiveness,” finds that, in order for the government-sponsored enterprises (GSEs) to use principal forgiveness for borrowers in an effort to provide assistance for those to benefit from HAMP: + Result in small savings to the government, + Slightly reduce mortgage...
  • Unemployment falls in big U.S. cities

    05/01/2013 4:57:50 PM PDT · by Oldeconomybuyer · 16 replies
    CBS News ^ | May 1, 2013
    Unemployment rates fell in nearly 90 percent of large U.S. cities in March, though most of the declines likely occurred because more Americans stopped looking for work, rather than found jobs.
  • Surprise: Stimulus Money Misspent - A grant of $10 million in Wyoming produced zero jobs, no...

    05/01/2013 4:08:53 PM PDT · by neverdem · 18 replies
    National Review Online ^ | April 30, 2013 | Andrew Stiles
    A grant of $10 million in Wyoming produced zero jobs, no results, and plush salaries.Two Elks Energy Park in Wyoming What kind of project pays a couple of politically connected people hundreds of thousands of dollars for producing next to nothing? An Obama stimulus project, of course. More than four years after President Barack Obama signed the $787 billion stimulus package into law, troubling details continue to emerge. Earlier this month, for example, the nonprofit news site WyoFile reported that a $10 million stimulus project in Wyoming has been suspended and referred to the U.S. Attorney’s office for an investigation...
  • (Pontifex Maximus ... NOT!) Kim Jong Un Building 'Mini World' with Replica Big Ben & Eiffel Tower

    04/29/2013 6:53:49 PM PDT · by DogByte6RER · 19 replies
    New York Post ^ | April 29, 2013 | THE SUN
    Kim Jong Un building 'mini world' with replica Big Ben and Eiffel Tower Chubby tyrant Kim Jong Un is building a “miniature world” in North Korea – with a replica of London's Big Ben at its heart. The dictator is set to open the theme park in capital Pyongyang – and has included the iconic clock tower. The new attraction, which opens this year, will also boast a copy of Paris’ Eiffel Tower. The secretive state famously doesn’t allow its citizens to leave the country – so it appears Jong Un has decided to bring the world to his people....
  • Gov’t Spending $152,500 for Voice Therapy for Transgenders

    04/23/2013 7:16:11 PM PDT · by Olog-hai · 16 replies
    Cybercast News Service ^ | April 23, 2013 | Elizabeth Harrington
    The federal government is spending $152,000 to study “voice therapy” for transgenders, saying it is incumbent to being “accepted as one’s preferred gender.” “This study will illuminate the capabilities of the human larynx and inform the relationship between voice production and perception,” states a National Institutes of Health (NIH) grant, awarded to George Washington University. “The long term goal of this research is to inform and provide new directions for Transgender (TG) voice care, thereby improving the lives of TG people who feel their voice is a great obstacle to living as their preferred gender.” …
  • Down the Drain - How the federal government flushed away the $833 billion stimulus

    04/15/2013 4:23:31 PM PDT · by neverdem · 26 replies
    Reason ^ | May 2013 | Peter Suderman
    If you want to see where a little bit of your $833 billion stimulus went, head south from St. Louis on Interstate 44 until you reach the Mark Twain National Forest. On March 13, 2009, less than a month after President Barack Obama signed the American Recovery and Reinvestment Act (ARRA) into law, the federal government awarded $462,912.30 to a Spokane, Washington, construction firm called CXT Incorporated to build and install 22 “precast concrete toilets” in the park. These bunker-style commodes did not add to the number of bathrooms in the forest; they replaced existing toilets that didn’t meet Forest Service...
  • Obama touts infrastructure in Florida trip focused on economy

    03/31/2013 3:43:00 AM PDT · by Olog-hai · 15 replies
    Reuters ^ | Fri Mar 29, 2013 4:22pm EDT | Jeff Mason
    President Barack Obama walked into the mouth of a giant tunnel in Miami on Friday to highlight proposals to boost investment in U.S. infrastructure, a move designed to show a leader still focused on the economy in the midst of broader policy battles in Washington. Obama’s tour of the Port of Miami tunnel project and a subsequent speech were aimed at convincing members of the U.S. Congress to back proposals that would leverage taxpayer dollars into funds to rebuild American roads, bridges and other infrastructure. “My main message is, let’s get this done,” he said. “Let’s rebuild this country that...
  • Watchdog says taxpayers may lose $27B in bailout

    01/29/2013 9:38:35 PM PST · by Olog-hai · 2 replies
    Associated Press ^ | Jan 30, 2013 12:03 AM EST | Marcy Gordon
    A government watchdog says U.S. taxpayers stand to lose $27 billion from the 2008 financial bailout, up from an estimate of $22 billion made in the fall. A report issued Wednesday by the special inspector general for the Troubled Asset Relief Program says the estimate is higher because of increased losses for the Treasury Department on sales of shares in bailed-out companies. Ally Financial, the former financial arm for General Motors, still owes $14.6 billion of the $17.2 billion in aid it received. The report says taxpayers can expect to lose $5.5 billion on that investment because of the company's...
  • Congress passes $50.5B Superstorm Sandy aid bill

    01/28/2013 5:33:26 PM PST · by haffast · 16 replies
    Associated Press ^ | 1-28-2013 | ANDREW MIGA
    WASHINGTON (AP) — Three months after Superstorm Sandy ravaged coastal areas in much of the Northeast, Congress on Monday sent a $50.5 billion emergency relief measure for storm victims to President Barack Obama for his signature. "I commend Congress for giving families and businesses the help they deserve, and I will sign this bill into law as soon as it hits my desk," Obama said in a statement late Monday. Despite opposition from conservatives concerned about adding billions of dollars more to the nation's debt, the Senate cleared the long-delayed bill, 62-36, after House Republicans had stripped it earlier this...
  • Obama Continues to Violate His Own ‘Stimulus’ Law by Not Releasing Quarterly Reports

    01/26/2013 6:42:17 PM PST · by E. Pluribus Unum · 8 replies
    The Weekly Standard ^ | Jan 26, 2013 | JEFFREY H. ANDERSON
    Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately?  In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved.  Even in Washington, that’s not considered good bang for the buck. Moreover, that was the fifth consecutive “stimulus” report that showed this number getting progressively worse.Alas, that was the last report we’ve seen.  Never mind that Section 1513 of the “stimulus” legislation, which...
  • Krugman: More Government Spending Would Revive Economy in Two Years

    01/16/2013 5:11:36 PM PST · by Olog-hai · 53 replies
    Cybercast News Service ^ | January 16, 2013 | Fred Lucas
    Paul Krugman, a liberal economist and New York Times columnist, said increased government spending is key to economic recovery. During an interview on Friday on “Moyers & Company,” on PBS, Bill Moyers asked, “And you argue that this could actually be solved in two years?” …
  • New Obama security adviser clashed with military

    10/08/2010 12:05:49 PM PDT · by ColdOne · 12 replies
    Yahoo/Reuters ^ | Oct 8,2010 | Ross Colvin and Patricia Zengerle
    WASHINGTON (Reuters) – President Barack Obama will name close aide Tom Donilon as his new national security adviser on Friday in a move that could have implications for the struggli