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Keyword: porkulus

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  • Hillary's trickle-UP economics and strange enablers [aw!m vanity]

    10/12/2016 1:40:27 PM PDT · by Arthur Wildfire! March · 9 replies
    Arthur W! March
    A FRiend recently pointed out that the opposite of 'trickle down' economics is 'trickle up'. How true! In any banana republic [such as the 'U' SA] the tyrant tops the economic food chain -- that's where the economy trickles up. And sometimes the minions are even more dangerous, such as Obama's 'subordinate', Hillary. View what she achieved already and then imagine her in the Oval Office [with her husband's experience to guide her] ... 1. Watered down AIDS medication [*a*] which should come as no surprise after their ... 2. Tainted prison blood scandal. [*b*] Anyone greedy enough to infect...
  • The Sixty Three Hundred Billion Dollar Question

    05/17/2016 4:52:01 AM PDT · by detective · 17 replies
    Conservative Treehouse ^ | May 17, 2016 | Sundance
    Just because the so-called “conservative” and “liberal” punditry and politicos refuse to answer this question, doesn’t mean we should stop asking it. In 2009 President Obama along with congress passed the roughly $900 billion stimulus bill, the American Recovery and Reinvestment Act. The “non-shovel ready” spending took place within fiscal year 2010/2011. The amount is significant because the injected stimulus was 30% more than the entire federal budget for the same year.
  • The Coming Collapse of the Middle Class

    05/06/2016 7:06:55 PM PDT · by thoughtomator · 33 replies
    UC Berkeley Graduate Council Lectures ^ | 6/2007 | Elizabeth Warren
    Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class. Series: "UC Berkeley Graduate Council Lectures" [6/2007] [Public Affairs] [Business] [Show ID: 12620]
  • Michael Savage: Obama will sabotage economy on way out

    05/04/2016 5:04:31 PM PDT · by Hojczyk · 26 replies
    WND ^ | May 3,2016
    Prior to his remarks about Obama’s final days in office, Savage told his listeners he believed Trump would defeat Clinton in a landslide, describing the former secretary of state, senator and first lady as “Fidel Castro in a dress.” If Donald Trump wins the Republican nomination and defeats likely Democratic nominee Hillary Clinton in November, President Obama will sabotage the economy in his final months in office, predicts talk-radio host Michael Savage. “If Trump wins – and I think he will – there will be an economic crash,” Savage told listeners of his nationally syndicated show, “The Savage Nation,” Monday....
  • SunEdison at risk of bankruptcy, unit says; shares plummet 60 percent ($4.6b Taxpayer $)

    03/29/2016 12:34:23 PM PDT · by Oldeconomybuyer · 5 replies
    Reuters ^ | March 29, 2016 | BY AMRUTHA GAYATHRI AND ARATHY S NAIR
    U.S. solar energy company SunEdison Inc, whose aggressive acquisition strategy has saddled it with almost $12 billion of debt, is at "substantial risk" of bankruptcy, one of its two publicly listed units warned on Tuesday. A bankruptcy would rank among the largest involving a non-financial company in the past 10 years, according to bankruptcydata.com. SunEdison declined to comment. SunEdison's shares - already reeling from a Wall Street Journal report on Monday that the company was being investigated for overstating its cash position - fell as much as 60 percent to a record low of 50 cents.
  • Job totals trail pre-recession levels in 10 US states

    03/25/2016 9:22:44 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Mar. 25, 2016 12:18 PM EDT | Christopher S. Rugaber
    Ten U.S. states still have not regained all the jobs they lost in the Great Recession, even after six and a half years of recovery, while many more have seen only modest gains. […] Wyoming had 3 percent fewer jobs last month than it did in December 2007, when the recession began, the Labor Department said Friday. That is the biggest percentage decline among the states. Alabama's job total trails its pre-recession level by 2.7 percent, followed by New Mexico, where job totals are 2.6 percent lower. Some larger states are also still behind. New Jersey has nearly 1 percent...
  • Obama in Florida will tout benefits of economic stimulus

    02/26/2016 7:50:03 AM PST · by Olog-hai · 18 replies
    Associated Press ^ | Feb 26, 2016 10:35 AM EST | Darlene Superville
    President Barack Obama is heading to Florida to tout the benefits of the massive economic stimulus bill he signed shortly after taking office seven years ago. Obama pumped more than $760 billion into a then-slumping economy beginning in early 2009 in a frantic effort to halt the worst economic downturn in generations. It was an unsettling period for many Americans as hundreds of thousands of jobs disappeared, unemployment climbed into double digits and home values plummeted. Obama will argue during a stop in Jacksonville on Friday that the country is on a more solid footing because of this and other...
  • White House steps up aid for financially ailing Puerto Rico

    02/25/2016 9:49:05 AM PST · by Olog-hai · 23 replies
    Associated Press ^ | Feb 25, 2016 11:41 AM EST | Kevin Freking
    Hoping to spur economic development in financially ailing Puerto Rice, the White House said Thursday it will speed access to almost $400 million for roads and other public works projects on the island. [...] But the White House also said Congress needs to give Puerto Rico the ability to seek bankruptcy protection under a framework reserved for U.S. territories. That proposal has drawn objections in Congress, with some Republican leaders saying Puerto Rico has the tools to restructure a large portion of its debt voluntarily. ...
  • Congress Votes To Fund Nearly 300,000 Visas For Muslim Migrants In One Year

    12/18/2015 9:47:20 AM PST · by Syncro · 98 replies
    Breitbart/Big Government ^ | Dec 15, 2015 | Julia Hahn
    <p>The House passed Rep. Paul Ryan's (R-WI) $1.1 trillion omnibus spending bill, negotiated with Rep. Nancy Pelosi (D-CA) A majority of House Republicans voted for the measure, which fully funds Obama's refugee resettlement operation, all Mideast immigration programs, Sanctuary Cities, Obama's continued executive amnesty for DREAMers, and the resettlement of illegal aliens within the U.S. interior.</p>
  • Congress overwhelmingly backs 5-year transportation bill

    12/03/2015 8:18:45 PM PST · by Olog-hai · 24 replies
    Associated Press ^ | Dec. 3, 2015 9:06 PM EST | Joan Lowy
    After years of stymied efforts to address the nation's aging and congested highways and transit systems, Congress found the sweet spot for passage on Thursday -- a 5-year, $305-billion bill laden with enough industry favors, parochial projects, safety improvements and union demands to gain overwhelming support. The bill was approved 359 to 65 in the House, and 83 to 16 in the Senate. The bill now goes to the White House for President Barack Obama's signature. The bill boosts highway and transit spending and assures states that federal help will be available for major projects. It doesn't include as much...
  • EU predicts 'modest' economic recovery next year

    11/06/2015 7:58:58 AM PST · by Olog-hai · 4 replies
    Associated Press ^ | Nov. 5, 2015 7:22 AM EST | Raf Casert
    The European Union on Thursday predicted the region's economy will grow at "a modest pace" next year thanks to cheap energy and central bank stimulus, but remains hampered by low investment and high debt. In an official forecast, European Commissioner Pierre Moscovici warned of uneven improvements across the 28 member states but said that for 2016, the EU economies will "see growth rising and unemployment and fiscal deficits falling." ...
  • Report: Solyndra Misrepresented Facts to Get Loan Guarantee

    08/26/2015 9:22:15 AM PDT · by BenLurkin · 17 replies
    ABC ^ | KEVIN FREKING Associated Press
    A four-year investigation has concluded that officials of the solar company Solyndra misrepresented facts and omitted key information in their efforts to get a $535 million loan guarantee from the federal government. The company's collapse soon after getting federal backing provided ammunition to lawmakers and other critics who portrayed President Barack Obama's economic stimulus program as wasteful government spending. The company's failure likely will cost taxpayers more than $500 million. "In our view, the investigative record suggests that the actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally...
  • 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,...