Rep. Darrell Issa: Counterpoint: Fake job numbers vital to stimulus propaganda

Since President Obama took office, the American people have been subjected to an aggressive propaganda campaign designed to convince them that the $787 billion stimulus bill is working. Month after month, as unemployment continues to rise, the administration has sent its spinmeisters out to trumpet an altogether dubious number of jobs "created or saved."

Vice President Biden -- the man appointed by the president to oversee the recovery effort -- has shamelessly continued to claim credit for as many as one million jobs that the administration argues the stimulus has "created or saved."

Meanwhile, unemployment hit the highest point in a quarter century, and 3.8 million more Americans are out of work since the White House promised to "get the economy moving again." There's good reason to doubt thepresident's policies are working.

"Here in Washington, we've all seen how quickly good intentions can turn into broken promises and wasteful spending," the president noted in his State of the Union address while responding to skepticism about the stimulus. "And with a plan of this scale comes enormous responsibility to get it right.

"That is why I've asked Vice President Biden to lead a tough, unprecedented oversight effort -- because nobody messes with Joe."

Apparently, somebody is messing with Joe. Or even worse, Joe seems to be messing with us.

On top of espousing fictitious jobs claims, the White House has now directed the stimulus auditor to report inaccurate information on the Recovery.gov Web site. This continues to occur even as media reports savage the ridiculously inaccurate data.

From $1.2 million in stimulus funds that saved 935 jobs at a Georgia community council with only 508 employees, to a $1,047 lawnmower in Arkansas purchased with stimulus funds that resulted in 50 jobs, to the $26,174 grant for roof repairs in Texas that created 450 jobs, the signature item in the president's economic policy has been fraught with Enron-style accounting tricks and fraudulent reporting.

And all from a president who promised an "unprecedented level of openness and transparency."

The manifest inaccuracies in the data the Obama administration uses to justify its economic policies constitutes the promulgation of inaccurate and misleading information by the federal government. The American people deserve a straightforward accounting of the way the president spends their tax dollars, and they have the right to expect a return on their "investment."

So far, all they are getting is deceitful propaganda and a backbreaking trillion-dollar tax bill from the officials they elected to bring about change.

Rep. Darrell Issa (R-Calif.) is ranking member of the House Committee on Oversight and Government Reform.

What the heck are you talking about...

Heck, the dollar is falling (good for the stock market), people are saving and paying off their deft (okay, bad for the stock market), but most people are just watching and waiting...

So what if our major dept is consumer oriented - we will pay it off eventually...heh. If not, we can always default!

I can’t understand why the market is reacting as it is though since most of America (normal people) are standing back and wondering what the hell is going on.

Jobs - ask Biden, inflation, ask your neighbor - yes, items are going up in price (don’t ask the Fed or anyone in Washington), they are going up in price (probably because the goods are from China and the dollar is dropping).

Hey, they are just trying to support the Dollar! Well, China may have an alternate opinion...

Doesn’t matter, we the people - normal everyday folks will be clobbered by the declining dollar...but don’t pay attention to the actions by the government - they are always right, geez!

Issa's language is too lenient. Call it what it is. MASSIVE FRAUD.

You got that right.

Recovery.org (the stimulus reporting website financed with $18 million tax dollars) lists phantom districts as having received millions of stim dollars to create phantom jobs.

FOLLOW THE MONEY Who's kidding who? This was no reporting error. This was money laundering.....purposefully done to get the stim to "insiders." The stim is nothing more than a slush fund----to be used for campaigns and for personal purposes.

STIMULUS SCAM---A DEM SLUSH FUND Keep in mind, some 85% of Obama's stimulus is still in Washington. Ohaha's saving it for imperiled Dems' 2010-12 elections.

Americans are awakening to the fact that govt insiders are mishandling trillions in stimulus------that federal monies are being illegally directed to Democrat campaign coffers, or wire-transferred offshore into personal accounts......or being laundered in the states.

$17.5 BILLION STIM WAS HIDDEN IN NJ News reports indicated that it disappeared, that there was no trace of the stim. Some of it was supposed to reelect Corzine....but Corzine flopped via voters' backlash. Anyway, Obama and the Biden family have a nice stash in the Garden State. Luckily, Corzine once headed Goldman Sachs and knows "the ropes" for looting and pillaging piles of money that is not his.

REFERENCE On June 9, 2009 Ohaha called a press conference to announce, "Several financial institutions are set to pay back $68B to taxpayers." Resonable people (taxpayers) assumed that any money or profit would be returned to the general funds from whence it had come .......in order to pay down the debt. The truth, however, is that the money returned by the banks is finding new life as part of what amounts to a Treasury Dept-controlled slush fund.

Obama's pork-laden stimulus, and other wasteful spending, isn't doing much good. US unemployment keep rising to levels not seen in decades, w/ scant hope of a rebound. We can safely conclude that creating jobs was NOT the reason for Ohaha's trillion dollar stimulus.

REFERENCE We kept reading and hearing anout Ohaha rushing Congress to approve $787 billion stimulus package" early this year. Now uber-Lobbyist Thomas Hale Boggs, Esq interviewed by nightly news several months ago said, "there's $2 TRILLION federal stimulus waiting to be distributed". Boggs said he was getting unprecedented numbers of calls from all over the US......from those who want a piece of it. (Boggs is the son of former Cong Hale Boggs and brother of former ABC-TV commentator Cokie Roberts).

We need audits, WH cell phone records, computer links, wire-transfers, and bank records to get an accurate accounting of our tax dollars.

Obama appointed Vice President Biden to oversee the recovery effort -- and the dispersement of the trillions in stimulus.

"Hi there, Americans. My son and brother are gonna help me disperse the trillion dollar stiumulus. "

REFERENCE Fraudster had links to offshore fund run by Bidens
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran
(Excerpt) Read more at news.yahoo.com ...

(Reuters) – A fund of pffshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said. The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.

Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the paper. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. He told the paper the Bidens NEVER met or communicated with Stanford. (/snicker)

Vice President Biden Announces $535 Million Loan Guarantee for Solyndra
WHITEHOUSE.GOV | September 4, 2009
FR Posted on 09/05/2009 by Cindy

Note: The following text is quoted from: THE BRIEFING ROOM THE WHITE HOUSE, Office of the Vice President

For Immediate Release September 4, 2009
Vice President Biden Announces Finalized $535 Million Loan Guarantee for Solyndra
Recovery Act funding will accelerate job creation and help expand marketplace for innovative solar electric panels

FREMONT, CA – Vice President Joe Biden, appearing via satellite from Washington D.C., today announced the Department of Energy has finalized a $535 million loan guarantee for Solyndra, Inc., which manufactures innovative cylindrical solar photovoltaic panels that provide clean, renewable energy. The funding will finance construction of the first phase of the company’s new manufacturing facility.

Annual production of solar panels from the first phase is expected to provide energy equivalent to powering 24,000 homes a year or over half a million homes over the project’s lifetime. Solyndra estimates the new plant will initially create 3,000 construction jobs, and lead to as many as 1,000 jobs once the facility opens. Hundreds more will install Solyndra’s solar panels on rooftops around the country.

"This announcement today is part of the unprecedented investment this Administration is making in renewable energy and exactly what the Recovery Act is all about," said Vice President Biden. "By investing in the infrastructure and technology of the future, we are not only creating jobs today, but laying the foundation for long-term growth in the 21st-century economy."

"It is time to rev up the American innovation machine and reclaim our lead on clean energy," said Secretary Chu. "This investment is part of a broad, aggressive effort to spark a new industrial revolution that will put Americans to work, end our dependence on foreign oil and cut carbon pollution."

The Recovery Act is changing America’s economy, making significant investments that are catalyzing private funding sources, creating sustainable green jobs and transforming how America produces and uses energy. Secretary Chu has made it his priority to accelerate important DOE investments under the American Recovery and Reinvestment Act, helping move America’s energy policy forward. Finalizing this agreement with Solyndra, which was issued a conditional commitment earlier this year, solidifies DOE’s focus on expediting loan guarantees and other funding opportunities.

Solyndra is the first recipient of a loan guarantee under the Recovery Act and Title XVII of the Energy Policy Act of 2005. In addition, the loan guarantee issued to Solyndra is the first issued by DOE since the 1980s. Over its lifetime, the first phase of the facility could manufacture up to 7 gigawatts of solar panels, which can generate electricity equivalent to 3 or 4 coal fired power plants. This plant will produce about as many new solar panels as the US produced in 2005.

The project will introduce into large-scale commercial operation a new and highly innovative process for manufacturing a breakthrough design for photovoltaic panels. Solyndra’s panels will be primarily used in the fast-growing market for large, flat rooftops.

=================================================

Let’s go get ‘em!-----here are the investors in Solyndra. If these are Ohaha, Biden, Emanuel contributors, the funding could amount to kickbacks, money laundering, and government fraud.

Argonaut Private Equity

Cimea Capital

Masdar (Abu Dhabi Future Energy Company)

RockPort Capital

Artis

Madrone Capital Partners

Redpoint Ventures

U.S. Venture Partners

Virgin Green Fund

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.