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Keyword: stimulus

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  • Study Shows Limbaugh Plan Would Have Worked Better Than Obama's Stimulus

    10/23/2013 12:32:23 PM PDT · by Kaslin · 1 replies
    Rush Limbaugh.com ^ | October 23, 2013 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Last night on Breitbart this came in over the transom. Try this headline: "Experts Conclude: Limbaugh Plan Better than Obama's Stimulus." And I said, "My gosh, who remembers that? That's five years ago." And Joel Pollak writing in Breitbart: "In 2009, at the height of debate about President Barack Obama's stimulus plan, conservative radio host Rush Limbaugh proposed a compromise in the pages of the Wall Street Journal that would have devoted half the stimulus to tax cuts. Now, a new working paper by the National Bureau of Economic Research (NBER) concludes that Limbaugh was right, at...
  • Anxiety as stimulus hike in food stamps set to end

    10/10/2013 8:07:14 AM PDT · by DJ MacWoW · 95 replies
    Associated Press ^ | Oct 10, 2013 6:21 AM (ET) | RIK STEVENS
    CONCORD, N.H. (AP) - A temporary increase in food stamps expires Oct. 31, meaning for millions of Americans, the benefits that help put food on the table won't stretch as far as they have for the past four years. Food stamps - actually the Supplemental Nutrition Assistance Program - go to 47 million Americans a month, almost half of them children and teenagers.
  • Not Even Fisker's Fire Sale Can Dampen DOE Enthusiasm for 'Investments'

    09/19/2013 3:02:43 PM PDT · by jazusamo · 6 replies
    NLPC ^ | September 19, 2013 | Paul Chesser
    After the Department of Energy announced this week ithad given up on not-bankrupt-but-should-be Fisker Automotive, and will auction off its loan for a pittance, you’d think (and hope) Congress would have had enough of this kind of thing. Senator John Thune certainly has. “The Obama administration has gotten into the business of picking winners and losers at a significant cost to taxpayers,” said the South Dakota Republican yesterday. “I’m calling for the Senate to consider my amendment to eliminate the wasteful ATVM loan program and for my colleagues to join me in protecting taxpayer dollars from any future risky green...
  • Fed: No taper

    09/18/2013 11:13:08 AM PDT · by Hojczyk · 95 replies
    CNBC ^ | September 18, 2013 | Jeff Cox
    <p>An economy still stumbling toward recovery was not enough to sway the Federal Reserve, which defied market expectations Wednesday and said it will not begin pulling back on its monthly asset-purchasing program. Stocks surged on the news but bond yields were flat.</p>
  • Grace Hill asked to return federal funds [stimulus] targeted to reduce pollution

    09/04/2013 4:04:29 PM PDT · by kevcol · 4 replies
    St. Louis Post-Dispatch ^ | Sept 4, 2013 | Nancy Cambria
    Should a St. Louis nonprofit agency that helps the poor have any business in rebuilding the diesel engine of an old Mississippi River tugboat named the Bryant T? That’s essentially the question raised in a recent federal audit of a Grace Hill Settlement House program to retrofit diesel engines and reduce pollutants from delivery trucks, school buses, fire engines and even two old tugboats in St. Louis. The audit recommended the agency return more than $1.4 million to the Environmental Protection Agency.
  • Detroit Teachers Moonlight As ‘Sugar Babies’ (i.e., Paid Escorts) To Offset Wage Cuts

    08/28/2013 7:55:18 PM PDT · by DogByte6RER · 44 replies
    CBS Detroit ^ | August 28, 2013 | CBS Detroit
    Detroit Teachers Moonlight As ‘Sugar Babies’ To Offset Wage Cuts DETROIT (WWJ) - It’s back-to-school season and many Detroit teachers are struggling in the wake of budget cuts and overcrowded classrooms. According to the National School Supply and Equipment Association, the average teacher spent at least $485 on school supplies for their classroom last year. So, what are some Detroit women doing to offset their struggles in the classroom? Well, they’re becoming “sugar babies” of course — seeking financial assistance from wealthy men online. In the Detroit School District alone, 201 teachers are moonlighting as sugar babies to offset wage...
  • Obama Administration: Its Incompetence Is Historic

    08/28/2013 9:31:59 AM PDT · by 2ndDivisionVet · 30 replies
    RealClearPolitics ^ | August 27, 2013 | Michael Barone
    Evidence of the astonishing incompetence of the Obama administration continues to roll in. It started with the stimulus package. One-third of the money went to public employee union members -- a political payoff not very stimulating to anyone else. Billions went to green energy loans, like the $500 million that the government lost in backing the obviously hapless Solyndra. Infrastructure projects, which the president continues to tout, never seem to get built. He's been talking about dredging the port of Charleston, for example, to accommodate the big container ships coming in when the Panama Canal is widened. The canal widening...
  • Beginning of the End? (Like it or not, QE is coming to an end)

    08/20/2013 6:30:31 AM PDT · by SeekAndFind · 27 replies
    Alhambra Investment Partners ^ | 08/20/2013 | Joe Calhoun
    The stock market pulled back last week and we are now in the midst of a mild correction, down all of 3% from the all time highs set just a couple of weeks ago. It has been an extremely orderly retreat so far with the volatility index barely budging from its recent lows. The natural question is whether this is the start of a bigger correction, the start of a bear market or merely another buying opportunity in a bull run that is getting long in the tooth by historic standards. There were 33 bull markets from 1900 to 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...
  • Taxpayer Millions Squandered on EV Charging Study Project

    07/30/2013 10:13:10 AM PDT · by jazusamo · 8 replies
    NLPC ^ | July 30, 2013 | Paul Chesser
    An audit by theDepartment of Energy’s Inspector General found that the persistent weak demand for electric vehicles harmed the deployment and timeliness of a $135 million-plus taxpayer funded charging network, which spun a cycle of excessive grants and project expansion, that led to an enormous waste of public money. The investigators, led by IG Gregory Friedman, determined that conditions for reimbursement to Ecotality, Inc. (and its subsidiaries) for the EV charging demonstration project were “very generous,” although not explicitly prohibited under federal regulations. “While we acknowledge that the Department had maintained and archived award documentation, an independent reviewer cannot understand...
  • Bottomless Subsidies Needed to Keep DOE Electric Truck Project Alive

    07/08/2013 8:29:26 AM PDT · by jazusamo
    NLPC ^ | July 8, 2013 | Paul Chesser
    Despite little news over the past nine months since its last-minute abandonment of an initial public offering that was supposed to raise $76 million in cash, stimulus recipient Smith Electric Vehicles is showing little evidence it can inspire demand for its commercial trucks, like its plug-in car counterparts. Smith’s selling point for its step vans was that, unlike electric automobiles, delivery routes in urban areas did not require a long range between refueling (or, recharging). Frequent stops and short distances alleviated the “range anxiety” that accompanies cars like the Nissan Leaf. Frito-Lay, Coca-Cola and Staples were cited as early adopters...
  • 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.
  • More easy money’s on the way

    06/20/2013 6:41:28 AM PDT · by SeekAndFind
    New York Post ^ | 06/20/2013 | Charles Gasparino
    The big story yesterday was supposed to be Ben Bernanke’s signal to the markets about future Fed policy — whether he’ll scale it back, or just go on printing money to keep interest rates super-low and inflate the economy. But that’s basically a false drama, fueled largely by jittery traders who know their life blood could be in danger when the Fed finally starts to raise rates and roll backits “quantitative easing” program of buying massive amounts of bonds to infuse the economy and the markets with cash. No, the real story is that Bernanke — and whoever replaces him...
  • 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...
  • Shades of Solyndra: Energy Dept. risks taxpayer cash in project tied to Obama donor

    06/13/2013 10:49:05 AM PDT · by jazusamo · 2 replies
    The Washington Times ^ | June 13, 2013 | Edward Felker - Washington Guardian
    The Energy Department helped a struggling government-backed clean coal power plant in California secure a new owner in a donor to President Barack Obama and agreed to revised terms that raised the risk of taxpayer losses, government investigators have found. The Department's Office of Inspector General said that officials helped keep Hydrogen Energy California afloat after its initial backers moved to terminate their DOE contract in the face of fading commercial prospects. The project was acquired by Massachusetts-based SCS Energy, headed by Democratic donor James Croyle, in 2011. He gave $2,300 to President Barack Obama’s 2008 campaign and $31,400 to...
  • US STOCKS-Wall St falls on lingering worry over stimulus cuts

    06/12/2013 1:07:59 PM PDT · by Signalman · 6 replies
    CNBC ^ | 6/12/2013 | Rodrigo Campos
    * VIX up over 8 pct as anxiety rises over central banks' policies * S&P consumer and financial sectors lead the decline * Dow off 0.8 pct; S&P 500 down 0.8 pct; Nasdaq off 1.1 pct NEW YORK, June 12 (Reuters) - U.S. stocks fell on Wednesday, with the Dow tumbling more than 100 points on a wildly volatile day as traders extended a selloff driven by concern about the winding down of central banks' stimulus measures. The S&P 500 was caught between support near its 50-day moving average and resistance at the 14-day moving average. The S&P 500 has...
  • Bay Area Rapid Transit Official Earns $330K Without Working

    06/09/2013 1:58:36 PM PDT · by DogByte6RER · 27 replies
    Bay Area News Group ^ | 06/09/2013 | Thomas Peele and Daniel J. Willis
    BART's top-paid worker of 2012 never worked a day With a gross salary of more than $333,000, BART's highest-paid employee last year wasn't its general manager, police chief or a worker who racked up gobs of overtime scrubbing grime from filthy train seats. It was someone who did no work at all for BART in 2012: Dorothy Dugger, the agency's former general manager who resigned under pressure more than two years ago. Under a lucrative retirement scheme, Dugger, 57, quietly stayed on the books, burning off nearly 80 weeks of unused vacation time, drawing paychecks and full benefits for more...
  • 56% Of Carmakers Who Asked For Government 'Green' Loans Are Dead

    06/06/2013 4:06:17 PM PDT · by 2ndDivisionVet · 15 replies
    Jalopnik ^ | June 3, 2013 | Patrick George
    What do Carbon Motors' BMW-powered police car, Aptera Motors' electric three wheeler, and Fisker's luxury sedan have in common? Two things: they asked the government for loans, and they're dead, as are more than half of the car companies who sought loans, according to documents obtained via a Freedom of Information Act request by Jalopnik. Of the 18 existing or would-be carmakers we identified as having applied for loans under the U.S. Department of Energy's Advanced Technology Vehicle Manufacturing program, 10 have since faded into bankruptcy or ceased operations. Numerous car companies, startups and parts manufacturers have applied for the...
  • Washington Bridge Collapses Despite Stimulus

    05/27/2013 2:12:28 AM PDT · by swampthang77 · 21 replies
    USBC News ^ | 13,05,26 | USBC News Wire
    ...It is unclear why the bridge was allowed to fall in a state of repair which allowed a catastrophic collapse, since the Obama administration pushed through a $787 billion economic stimulus package as one of his first acts. The stimulus was criticized by many for failing to address the underlying problems with the economy at the time, and many feared the money would have been better spent in the private sector. Titled, the “American Recovery and Reinvestment Act,” Obama touted the virtue of the act, as a way of providing “shovel ready” jobs to Americans, who were struggling during an...
  • Kerry unveils $4 billion Palestinian economic plan

    05/26/2013 3:51:06 PM PDT · by blueyon · 35 replies
    the Jerusalem Post ^ | 05/26/2013 | By TOVAH LAZAROFF
    DEAD SEA, Jordan – US Secretary of State John Kerry unveiled on Sunday a $4 billion economic plan to revitalize the Palestinian economy, as he called on Israelis and Palestinians to forgive past wrongs and return to the negotiating table. “The plan for the Palestinian economy is bigger and bolder and more ambitious than anything proposed since Oslo more than 20 years ago,” said Kerry as he spoke at the closing session of the World Economic Forum by the Dead Sea in Jordan.