Skip to comments.Joe full of 'bull' on economy (Biden says stimulus worked--Repubs are skeptical)
Posted on 07/15/2010 5:46:23 AM PDT by Liz
VP Biden's bullish remarks--that $862B stimulus created or saved some 3.6M jobs--are part of a WH push to convince deeply skeptical voters that the economy is on a comeback.......Repubs question the validity of the numbers.
(Excerpt) Read more at nypost.com ...
ABC NEWS, Nov 18, 2009----Stimulus grants: Why Was The White House Website Riddled With Errors? Officials tell ABC News so far, they found 700 mistaken Congressional districts out of more than 130,000 stimulus grants. On Monday night, ABC reported on errors found on the website set up by the White House to track the number of jobs created or saved by the economic stimulus program. The website was riddled with reports of jobs in places that didn't even exist. That report prompted anger on Capitol Hill, and defensiveness at the White House. On Tuesday night's broadcast, ABC's Chief Congressional Correspondent Jon Karl took another look at the stimulus confusion (link) SOURCE http://blogs.abcnews.com/theworldnewser/2009/11/why-was-white-house-website-riddled-with-errors.html
LINK---Jon Karl: White House Vows to Correct Stimulus Reports; Officials Tell ABC News So Far, They Found 700 Mistaken Congressional Districts Out of More Than 130,000 Stimulus Grants
ABC NEWS' JONATHAN KARL, Chief Congressional Correspondent, REPORTS, Nov. 17, 2009
When it comes to stimulus spending, could the wheels of government bureaucracy be grinding too quickly for once? Responding to more inaccuracies discovered in the reporting of spending and job creation from the administration's economic stimulus plan, the top White House official charged with overseeing the program vowed today to go through the reports with a fine-toothed comb and to correct the mistakes. The promise came after ABC News found that Recovery.gov, the government Web site created to track the expenditures, had many job creation and stimulus spending figures that were attributed to congressional districts that do not exist, or that were incorrectly identified. "The first time out, we knew there were going to be problems," said Edward DeSeve, special advisor to the president on the stimulus bill. "We don't think there are a lot of them. There are less than 1 percent in terms of the recent concern about congressional districts of the overall reports. And we've got a good commitment from the recovery board to work with us to fix them."
Officials tell ABC News, so far, they have found 700 mistakenly credited congressional districts out of more than 130,000 stimulus grants. The White House's Web site claims that more than 640,000 jobs have already been saved and created by the " $787 billion stimulus program. The reports used to come up with that number are riddled with errors. In addition to the jobs in non-existent congressional districts reported Monday by ABC News, in real congressional districts, there are also problems, lots of them.
Moore's Shoes in Campbellsville, Ky., claims nine jobs were created from an $890 grant for nine pairs of work boots for the Army Corps of Engineers. Head Start of Augusta, Ga., claimed 317 jobs with a $790,000 grant, but it was really just a one-time raise to its 317 employees. Chris Whitley is a fiscal officer for Central Savannah River Area Economic Opportunity Authority, which administers the Head Start program in Augusta. He says it was the administration's stimulus help line that advised them to claim 317 jobs. "It wasn't illegal, immoral or unethical. And they told me to do it, so I did it," said Whitley.
The mistakes have prompted anger on Capitol Hill. Rep. David Obey, D-Wis., the powerful chairman of the House Appropriations Committee, was outraged that one sewer project in his district was listed as creating 100 jobs. The real number is five. When asked what he thought when he saw the mistakes in his district, Obey said, "I wanted to strangle somebody." Obey is demanding the administration fix the mistakes. "Fix the problem, the blessed problem, so that we're getting accurate information. I don't care what people's bureaucratic niceties are, or how hard it is to do it. I mean, they've got to fix the problem, so the American people can understand what the realities are.
The recipient of a $400 million loan guarantee from the US Dept of Energy in 2010-----Russell Kanjorski-----made headlines, along with his siblings, in 2002 when a company they owned received as much as $9 million in federal grants that their uncle US Rep. Paul E. Kanjorski, D-Nanticoke helped obtain using controversial "earmarks." That company, Plains Township-based Cornerstone Technologies, filed for Chapter 7 bankruptcy in 2006.
REFERENCE----NRCC REPORT In 2002, US Rep. Paul E. Kanjorski, D-Nanticoke paid a family business and several family members over $9.5 million tax dollars. One business was K&K Real Estate, a business he co-owns with his brother.
From 1999 to 2002, Kanjorski used controversial Congressional "earmarks" totalling nearly $9.4 million given to Cornerstone Technologies Inc., owned by Kanjorskis nephews, and its sister company Pennsylvania Micronics.
In 2008 after more than a year in the hands of a court-appointed trustee, the bankruptcy of Cornerstone Technologies was nearing an end. Funded with $9.2 million in federal defense earmarks secured by the congressman, the company halted operations in 2003. Company officials filed for Chapter 7 bankruptcy Sept. 26, 2006 with Cornerstone reporting $14,100 in assets compared with $1.34 million in debt, according to bankruptcy court records.
QUESTION Can the Kanjorskis produce documents that show where they spent millions of tax dollars? Did they file all the proper IRS documents? (Stolen money is taxable.)
RESPONSE Oh, never mind the FBI, SEC, IRS, DOJ can find out (/snix).
POSSIBLE CHARGES Official acts prohibited, misuse of govt funds, abuse of public office; misuse of government position; abuse of government power; conflict of interest; influence buying; conspiracy to deceive; misuse of office, collusion, conspiracy to collude; govt fraud.
Possible federal offenses could include, but not be limited to:
Title 18 U.S.C. §1341, Mail Fraud,
18 U.S.C.§1001, Presenting a False Document to an Agent of the US Government,
18 U.S.C.§1027 False statements and concealment of facts in relation to documents required by the 1974 ERISA
Possible ERISA offenses including civiland/or criminal RICO violations,
18 U.S.C. §§1961-68 (RICO Act),
18 U.S.C. §241 (Conspiracy Against Civil Rights).
(1) All of the financial documents used by these entities need to be scrutinized.
(2) Banks holding monies for the Kanjorski entities need to be examined by an outside auditor to determine if the bank was used for fraud.
(3) FEC documents need to be exposed to determine whether campaign contributions were exchanged for tax dollars.
(4) Filing false documents and falsified information incurs felony charges for 1st-degree tampering with public records, 1st-degree offering of a false instrument for filing, 4th-degree grand larceny, and 1st-degree falsifying of official records.
ROTFL——another one of FrankR’s spectacular photoshops.
Its simple. When the Government list the Corporations/Companies/Business that they gave money to and the number of jobs that those companies added and then subtracts the number of Corps/Companies/Business that liad off cut jobs went belly up and lost all their employees and gets a bottom line number then we can talk.
Oh, thank heavens it worked! All that sinking economic news, those businesses failing left and right of us and the high unemployment numbers, and oh, the increasing stories about people losing their houses, well, that was confusing me!
Its a crock of BS!!! When I see or hear the sound of construction trucks going back and forth, then I’ll know the economy is improving. At the moment its extremely quiet. No banging of roofing hammers either. The building trades and all the associated trades, i.e. suppliers of furniture, rugs, landscaping, appliances, etc. are either closed or closing. I believe Biden was picked as VP because he is a yes man. No body in his right mind would buy this line of BS that the economy is improving due to this BS stimulus. If all this is true about the hoarding and slush funds, where are the torches, scythes and pitchforks People??
850 billion to “create or save” 3.6 millions jobs?
Wow! what a deal! ONLY $240,000 PER JOB
(real and imaginary jobs)
Does anyone there even HAVE (or know how to use) a calculator?
Yeah, dats de ticket!
600,000 more fed employees, at $120,000 per, with a 90% pension !
When “The anointed one” says to “the American people” (as if he were a foreigner...hmmm) that his plan is WORKING he means something other than what we think he means.
It is working to destroy capitalism, which is exactly what he wants- so they can implement 100% socialism.
The $786B TARP Bailout is now being called, "A MASTERFUL DECEIT." Paulson, et al, may not have pulled a fast one when he testified in favor of the TARP before Congress----but Congress' phony outrage is a puzzlement. If HR 1424 was a 'MASTERFUL DECEIT' then CONGRESS didn't do its job.
TITLE ITROUBLED ASSETS RELIEF PROGRAM (required 'Congressional Oversight' sections listed)
Sec. 101. Purchases of troubled assets.
Sec. 102. Insurance of troubled assets.
Sec. 103. Considerations.
Sec. 104. Financial Stability Oversight Board.
Sec. 105. Reports.
Sec. 107. Contracting procedures.
Sec. 108. Conflicts of interest.
Sec. 111. Executive compensation and corporate governance.
Sec. 116. Oversight and audits.
Sec. 118. Funding.
Sec. 119. Judicial review and related matters.
Sec. 121. Special Inspector General for the Troubled Asset Relief Program.
Sec. 125. Congressional Oversight Panel.
Sec. 127. Cooperation with the FBI.
Sec. 129. Disclosures on exercise of loan authority.
In HR 1424, there are enough rules, regs and CONGRESSIONAL OVERSIGHT REQUIRED that not one Thin Dime should have been 'misspent.' So if anything crooked did go on Congress should look in a mirror. They dropped the ball -- again. And the same Gangster Government will run our healthcare.
DID YOU KNOW? TARP was not designed to be a pool of money available for bailout of just anything that didn't move, like a couple of bankrupt unionized companies in the automobile industry? TARP was very specific in its purpose to provide liquidity to frozen banking and financial system and stave off the run on the banks (attack on the financial system, by proxy) and allow the 'netting' of the [frozen] assets on the books of financial institutions, in the aftermath of the fall of Lehman Bros and the run on trillions of dollars in money market funds in the consequent "breaking the buck" by private Reserve Primary Fund managed by Bruce Bent.
“They’re Biden and The Brain
Yes, Biden and The Brain
One is a “genius”
The other’s insane.
They’re laboratory mice
Their genes have been spliced
They’re Biden and The Brain, Brain, Brain, Brain
Brain, Brain, Brain, Brain
--and that says a lot given how delusional and pro-Obama those clowns are (see this thread).
"And Robert Redford's showing me how to smolder before a teleprompter."
If God forbid I lost my job, with 14% unemployment in my state I would have to pick up and start over someplace else that has unemployment at only 10%
A new beautiful outdoor shopping center near my home that opened just as the crash was happening is still sitting with a 70% store vacancy rate.
Oh yea, I say the stimulus worked real well.
which stimulus....monetary or fiscal stimulus? Was it the rebate checks in 2008 or the Fed rate cuts to 2% in 2008? Or was it the fiscal stimulus in 2009? Or the Fed rate cuts to zero% in 2009? Or was it TARP?
Republicans better hone their arguments, because Dems are comparing Obama’s first two years to Reagan and are saying “Stay the course”.
But Reagan inherited stagflation of double-digit inlflation and didn’t have the FED lowering to zero. but raising the Fed Funds rate to 19%—and the Prime lending rate was over 20% .......in the early 1980s....
Close. SHBE "bullshit" remarks.
The Administration really loses credibility when they act like the economy is recovering and the stimulus worked. Layoffs are still running at ~450K/month. No one (sane) is viewing that as a recovering economy. Lying about it to our faces is insulting.
Hey Joe, that three-letter word, J-O-B-S, is a big f*cking deal.
Thanks for the realtime report.........we feel for ya buddy.
I read yesterday that 69.9% of the houses in Nevada were underwater. IIRC, Florida is in the 40% range.
Is this what people thought they meant?
Why the hell can’t they just come out and call him a liar?
Has Obama ever paid a bill, rather than shoving one down people's throats?
Is it just me or is anyone else tired of the BS and outright Lies that come out of this Administration.
They spent 2 years blaming Bush for everything. Thats not working anymore now they are running a feel good propaganda message campaign.
"Oy veh, should the all trun to salt!"
Well, not only did we get the debts of the ‘recovery plan’, and didn’t get the job growth, but gov worker unions, state government bailouts, and the hacks got INCREASES.
So, in the words of Carl Spackler, “ We have that going for us, which is nice”.
Trucking is waaayy down right now and EVERYTHING moves by trucks.
When trucking future orders pick up...and right now fall/Christmas deliveries are looking Helen Thomas ugly...I’ll start believing the economy is growing.
I’ve been in trucking for 19 years and it has NEVER been worse.
Repubs are skeptical? They should be in full Joe Wilson mode!!!! Good frakin grief....=.=
Biden said about 2 months ago that the May-August months would create 500,000 new jobs each month.
Why isn’t anyone hammering the Administration on this — each and every day, every television appearance.
the author misspelled "bullsh*t".
Throw as many lies out as possible..
Count on the stupidity of the American people to believe it
Our VP is giving a whole new meaning to BS (Biden Speaking)
Banks repossess homes at record pace: RealtyTrac (Recovery Summer ‘heating’ up?!?!?)
“...created or saved some 3.6M jobs...”
I was with, or thought about being with 3.6M hot women models..
yep it worked just as planned