The NY Times has an epic piece titled “The Education of President Obama” which kicks off on page one with some real show-stoppers. First, there’s the President’s self-congratulatory “admission” that: Given how much stuff was coming at us… we probably spent much more time trying to get the policy right than trying to get the… [Read more…]
September 7, 2010
What happens when over a hundred billion dollars in borrowed cash gets plunged into infrastructure spending and it fails to kick-start the economy? According to this administration, spend another $50 billion on the same failed policy. Barack Obama will unveil his new economic stimulus plan in Wisconsin today, while Russ Feingold looks for a place… [Read more…]
August 18, 2010
What was touted as legislation to “save the teachers” by President Obama and Nancy Pelosi, the New York Times reports that most school districts are taking advantage of the loophole in the $26 Billion legislation. “A $26 billion federal aid package, signed by President Obama on Aug. 10, allocates $10 billion for school districts to… [Read more…]
August 18, 2010
After the money starts to filter in, the truth starts to filter out. The $26 billion edujobs bill passed and was signed into law. The money will soon be on its way to school districts across the country. What we’re hearing now is only of interest for future reference, yet it’s worth memorializing because we… [Read more…]
August 14, 2010
When will Washington and the politicians stand up and greet our country with, “Hello, my name is Washington. I’m a politician and I’m addicted to spending”? Hmm. That would be the day that monkeys fly out of my butt. It ain’t going to happen. Why? Because this isn’t a problem for them. There is yet… [Read more…]
August 12, 2010
Democrats on Capitol Hill are literally taking food out of the mouths of the most needy to pay back their political cronies. Today, the House will vote on the infamous Bill with No Name, H.R. 1586 (originally the FAA Air Transportation Modernization and Safety Improvement Act), which contains a $26.1 billion bailout for financially strapped… [Read more…]
August 7, 2010
President Barack Obama is crediting his politically risky bailout of the U.S car companies with turning around an “industry on the brink.” Speaking at a Ford plant that is adding 1,200 jobs and a second shift, Obama says that while others criticized his $60 billion bailout over a year ago, he chose that course because… [Read more…]
July 3, 2010
Obama proposed spending $800 million to create 5,000 jobs, which would install broadband technology where it hasn’t already expanded because of demand, which will cost $160,000 per job. Today, Obama has refined his approach in his weekly address, proposing to spend even more money to create jobs that will mainly disappear by announcing that the… [Read more…]
July 3, 2010
Vice President Joe Biden’s predictions of 100,000 to 200,000 jobs gained each month for the rest of 2010 is off by about 275,000 jobs. On June 2, Obama declared the U.S. economy was “moving in the right direction.” The same day, Vice President Biden predicted 100,000 to 200,000 jobs would be created each month through… [Read more…]
July 3, 2010
“According to Recovery.gov, the government has now paid out $415 billion of the stimulus funds. Tax rebates account for $163 billion. Of the $252 of direct spending, the Department of Transportation has paid out $14 billion. That’s 5.5%. Maybe it would have done more stimulating if the spending had actually been directed at projects that… [Read more…]
October 21, 2010
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