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Keyword: porkulus

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  • 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...