Free Republic

Republican Senate Minority Leader Mitch McConnell has condemned President Obama’s $3.77 trillion budget as “just another left-wing wish list.” It raises spending and offsets these increases with additional taxes, such as a proposed 94 cents per pack additional tax on cigarettes. It also proposes additional funding for “basic research.” “The administration’s 2014 spending plan includes a total of $33.2-billion for basic research, an increase of about 4 percent over fiscal-2012 levels,” reports Paul Basken for The Chronicle of Higher Education (emphasis added). “It proposes total research-and-development spending of $143-billion, about 1.3 percent more than the fiscal-2012 amount.” “The White House,...

As green energy stimulus recipients raked in billions of dollars the last few years, with President Obama declaring what a great “investment” they were for taxpayers, friends of mine would jokingly ask, “Where’s my dividend?” “Where are my stock certificates?” “Where’s my free electric car?!” In the case of our $193-million stake in Fisker Automotive, thanks to a Department of Energy loan guarantee, it looks like American shareholders will end up with the whole company itself. With the Anaheim non-automaker (no cars produced since last summer) firing about 160 of its 200 remaining employees on Friday, a bankruptcy law firm...

While most regular people don’t really know or care who he is, Rupert Murdoch is among a small handful of individuals who is most despised by the far left in this country. Unlike many others, he also has the great distinction of being loathed by exponents of socialism worldwide. After reading (or watching) the speech which he recently gave to an Australian think tank called the Institute of Public Affairs about the moral superiority of free markets, it’s not hard to see why those who would enslave markets because they believe them to be based on greed would despise Murdoch,...

A Pittsburgh, Pa. solar energy company has shut its doors four years after receiving nearly $10.2 million in tax credits from the Obama Administration as part of the as part of the American Reinvestment and Recovery Act. Flabeg Solar U.S. Corp., a $30 million solar plant located near the Pittsburgh International Airport, opened its doors in 2009 and was said to provide 300 jobs. Now, just four years later, the plant has shut down and laid off more than 60 workers. In addition to this, 10 of its former employees have petitioned a federal judge for severance pay after they...

In an effort to jump-start the nation's economy, the Democrat-controlled Congress, in February 2009, passed Dear Leader Barack Hussein Obama's "American Recovery and Reinvestment Act of 2009" (better known as the "Stimulus"). In fact, in order to get enough votes for passage, Senate Majority Leader Harry Reid delayed the final vote until Senator Sherrod Brown (D-OH) returned from his mother's memorial services. Following its passage, Reid said (emphasis mine): The plan we passed will strengthen our economy by creating millions of good-paying jobs here at home; deliver tax relief for 95% of workers and invest in America's future by fixing...

I just heard another Republican politico, a state senator here in Georgia, at a meeting, claim that Common Core is not a federalized education curriculum, but a “state-led” education reform initiative. He could have been reading from a press release sent by the Obama Department of Education. In reality, Common Core was attached to millions of dollars in stimulus funds that were dangled by the feds before the states in a contest called “Race to the Top” during the 2009 economic crisis. The attached Common Core standards were not even written when states signed up. Writing the standards and attached...

President Obama ’s alternative energy “stimulus,” administered through hisDepartment of Energy by previous SecretarySteven Chu, had already become a joke because of the failures and foibles of so many recipients of Recovery Act funds. But now – as though officially commemorating the absurdity of this historically bad U.S. government program – one of its bankrupt beneficiaries has changed its name from one of simplicity to one of mockery. Electric vehicle battery maker A123 Systems has changed its name to B456 Systems. Incorporated. Reporting the development, headline writers across the nation rubbed their eyes, double-checked the wire information, and then...

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...

WASHINGTON - Barack Obama's failed job policies are facing bitter criticism from African-American leaders who say black unemployment has grown worse under his presidency. After four years of holding their tongues and remaining quiet in the face of sharply rising black unemployment and record poverty, political leaders from the Congressional Black Caucus to the NAACP have begun to open fire on the White House. Obama won 96 percent of the black vote in 2008 and about the same percentage in 2012, despite a worsening jobless crisis among African-Americans. At 14 percent for adults and 43.1 percent for 16-to-19-year-old teenagers, blacks...

UPDATE 11:30 a.m. Friday: Reuters reports that Fisker has hired a bankruptcy attorney. Fisker Automotive , which has received $193 million of a $529 million Department of Energy stimulusloan guarantee and apparently still wants the rest of it, stopped making its sole electric car – the $102,000-plus Karma – last July. But only now has it decided to furlough workers for a week. “In parallel with the process of identifying a strategic partner, Fisker is, of course, continuing to manage its day-to- day operations and has recently instituted temporary furloughs for its U.S. workforce covering the final week of...

Three weeks ago we gave Egypt’s Muslim Brotherhood government a $250 million economic stimulus package, and this week we decided to double-down in our national support for anti-Semites by giving the Palestinian Authority its own $500 million bonus.

Look out, Anthony Weiner. Another member of your party is taking the pole position. Daily Mail: A state representative in Massachussetts is being investigated after allegedly sending pictures of his genitals to a government computer. The investigation is ongoing and the committee has not formally reprimanded the individual in charge, but it is being widely reported that Democratic State Representative John Fresolo is the one behind the scandal. He allegedly sent ‘lascivious photos of his privates’ to a computer at the State House, and an aide complained to the Ethics Committee to start the investigation… Though he was curt and...

Last week, I reported on the federal government's massive new student-tracking database, which was created as part of the nationalized Common Core standards scheme. The bad news: GOP "leadership" continues to ignore or, worse, enable this Nanny State racket (hello, Jeb Bush). The good news: An independent grassroots revolt outside the Beltway bubble is swelling. Families are taking their children's academic and privacy matters out of the snoopercrats' grip and into their own hands. You can now download a Common Core opt-out/disclosure form to submit to your school district, courtesy of the Truth In American Education group: http://truthinamericaneducation.com/uncategorized/ccss-parent-opt-out-form/ Parents caught...

Abound made national headlines last year when the solar firm collapsed after receiving a $400 million taxpayer loan guarantee. But that failure could potentially stick taxpayers with an estimated $2.2 million more in cleanup costs ... ... Colorado Department of Public Health and Environment had informally ordered Abound Solar to clean up hazardous waste at four Front Range locations, where concerns were raised about contamination. The CDPHE found 2,500 pallets of “unsellable” solar panels and over 6,000 gallons of hazardous liquids. The panels and liquids contain cadmium, considered a toxic substance by federal health agencies

The Federal Reserve's latest round of stress tests for the banking industry showed only one bank remaining on a shaky financial foundation . That bank was government-owned Ally Financial (the bailed-out company formerly known as GMAC), which also happens to be General Motors' prime source for financing. GM divested itself of GMAC so that the struggling lender could be classified as a bank holding company and receive billions of taxpayer dollars. In a move to distance itself from GM, the company was renamed Ally Financial. The government maintains majority ownership of Ally Financial, which in turn has helped GM by...

Oh, how time flies when we are having fun. Did you realize that February 17 was the fourth anniversary of President Obama signing the highly touted $821 billion stimulus package that was funded by the tax dollars you and I had no choice in sending to Washington? A lot of promises were included with that stimulus, things like lower unemployment because of all the jobs Obama said the stimulus would either create or save. If this is what stimulus really looks like, I want no part of it. Here is what President Obama had to say at the signing ceremony...

This should be a lesson to politicians and economists about the nature of gimmicky “stimulus” efforts …. but probably won’t be. In the pressure cooker of the tax fight over the holidays, most people forgot about the payroll-tax holiday — the reduction by two percentage points of FICA withholding for Social Security. Its backers claimed that putting $20 a week in the hands of earners would boost spending and the economy, which turned out to be entirely false. They then claimed that the expiration of this temporary stimulus would tank the economy through reduced spending.And that also turns out to...

(Reuters) - The Federal Reserve on Wednesday left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary.

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...

The U.S. Government took some enormous steps and continues to take enormous steps to right the economy.In his 2013 outlook, KKR's Henry McVey points to the $7.66 trillion worth of stimulus as a reason to be bullish on real assets like real estate and commodities.From McVey:The United States is running an explicit reflationary policy of holding nominal interest rates below nominal GDP. Though this relationship was slightly more stretched back in the late 1970s, it is again near record levels. We are also dealing with far more liquidity injections by the U.S. government than in the past. In the U.S....