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Keyword: bhostimulus

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  • Obama's Stimulus: A Documented Failure

    05/09/2012 5:49:21 AM PDT · by Kaslin · 10 replies ^ | May 9, 2012 | Terry Jeffrey
    What does President Barack Obama know about the economy and what the government can and cannot do to create jobs? A fair measure is the economic stimulus plan Obama pushed through Congress in his first month in office. Did it work? On Jan. 9, 2009, less than two weeks before Obama's inauguration, Christina Romer, who would chair Obama's Council of Economic Advisers, and Jared Bernstein, an adviser to Vice President-elect Joe Biden, published the incoming administration's analysis of the "job impact" they expected from Obama's stimulus. At the time, according to the Bureau of Labor Statistics, the national seasonally adjusted...
  • Wasting Our Money

    10/15/2010 12:34:10 PM PDT · by Kaslin · 3 replies ^ | October 15, 2010 | Linda Chavez
    President Obama has finally admitted that a core premise of his nearly trillion-dollar stimulus package was false. In an interview this week with The New York Times' Peter Baker, the president acknowledged that "there's no such thing as shovel-ready projects," despite the president's near-constant invocation of the term over a two-year period to explain how government spending was going to create jobs. The president's admission is no minor matter; it goes to the heart of why his economic policies have been such a failure. Not since President Jimmy Carter's confession in 1980 that it took the Soviet Union's invasion of...
  • The Failure of Obama's Stimulus

    09/23/2010 8:01:00 AM PDT · by Kaslin · 10 replies ^ | September 23, 2010 | Steve Chapman
    No one spends money like the federal government. This year alone, it will shovel out $3.7 trillion, which works out to $7 million a minute. So it may surprise you to find out the clearest lesson from the Obama administration's fiscal stimulus program: The government is not very good at spending money. On the contrary, it's slow and clumsy. Nearly a third of the $787 billion package, signed into law in February 2009, was assigned to infrastructure projects -- from fixing roads and building bridges to weatherizing buildings and upgrading electrical grids. The idea was to simultaneously improve our physical...
  • Feds Spent $800,000 of Economic Stimulus on African Genital-Washing Program

    09/13/2010 7:43:00 AM PDT · by La Lydia · 148 replies
    CNS News ^ | September 13, 2010
    The National Institute of Mental Health (NIMH), a division of the National Institutes of Health (NIH), spent $823,200 of economic stimulus funds in 2009 on a study by a UCLA research team to teach uncircumcised African men how to wash their genitals after having sex. The genitalia-washing program is part of a larger $12-million UCLA study examining how to better encourage Africans to undergo voluntary HIV testing and counseling – however, only the penis-washing study received money from the 2009 economic stimulus law. The washing portion of the study is set to end in 2011... Because AIDS researchers have been...
  • O's jobs errors: Why the president failed so miserably to deliver

    07/22/2010 10:02:39 AM PDT · by Bokababe · 39 replies · 2+ views
    NY Post ^ | 7/22/10 | DANIEL J. MITCHELL
    The White House last year released a supposedly scientific analysis that claimed to show that adopting the "stimulus" bill would cut unemployment. Indeed, the report specifically estimated that the unemployment rate today would be down to 7.5 percent. Something obviously went wrong...
  • Stimulus has been 'an absolute success,' says VP Biden

    06/02/2010 2:25:14 PM PDT · by Sub-Driver · 120 replies · 2,455+ views
    Stimulus has been 'an absolute success,' says VP Biden By Michael O'Brien - 06/02/10 05:06 PM ET The Obama administration's signature stimulus program has been an "absolute success" so far, Vice President Joe Biden said Wednesday. Biden, who heads up the administration's effort to implement the $787 billion American Recovery and Reinvestment Act (ARRA), said the legislation will have saved or created between 3 and 3.5 million jobs before the end of 2010. "An absolute success," Biden termed the stimulus during an interview on "Charlie Rose" to air Wednesday evening. "We will create over 3.5 million or save over 3.5...
  • Obama: Stimulus led to big refunds

    04/10/2010 7:15:32 AM PDT · by Sub-Driver · 38 replies · 1,034+ views
    Obama: Stimulus led to big refunds By: Eamon Javers April 10, 2010 08:51 AM EDT President Barack Obama used his weekly radio and internet address Saturday to remind Americans that about one third of last year’s mammoth stimulus bill was made up of tax cuts – and those cuts are having an impact just in time for tax day, April 15. “So far, Americans who have filed their taxes have discovered that the average refund is up nearly ten percent this year –to an all-time high of about $3,000,” Obama said. “This is due in large part to the Recovery...
  • IMF: This Recovery Will Die Without More Stimulus

    04/05/2010 6:06:57 AM PDT · by blam · 29 replies · 730+ views
    The Business Insider ^ | 4-5-2010 | Vincent Fernando
    IMF: This Recovery Will Die Without More Stimulus Vincent Fernando, CFA Apr. 5, 2010, 5:25 AM The global recovery, and all the good data we've seen, depends heavily on government stimulus. Still. Says the IMF's managing director Dominique Strauss-Kahn: Bloomberg:[snip]
  • Media Ignore “Stimulus” Fraud; Fret over $1,946.25 Spent by Republican on Girlie Show

    04/03/2010 10:10:43 AM PDT · by myhealthismybusiness · 3 replies · 249+ views
    VOL ^ | 4-2-10 | VOL
    Bad news on Good Friday for Obama: For the third consecutive month, the nation’s unemployment remains at 9.7 percent. Leftists will quickly point out that the economy did add 160,000 jobs, but will conveniently forget to tell you that those are temporary government jobs filled to misstate the 2010 census numbers so as to fraudulently increase the Democrats' numbers in Congress. Missing from the news is any hint of moral indignation or outrage over the missing trillion dollars that President Obama promised would save or add millions of jobs once the “stimulus” kicked in. Whatever happened to those trillion dollars,...
  • Obama : America would have gone bankrupt if not for our new trillion-dollar boondoggle

    04/02/2010 2:08:36 PM PDT · by RobinMasters · 28 replies · 621+ views
    Hotair ^ | APRIL 2, 2010 | ALLAHPUNDIT
    A transmission from Bizarro World via CBS’s “Early Show.” I know he has to say stuff like this — admitting that we just added more economic dead weight to an already crushing entitlement load would be politically catastrophic — but it’s still amazing to hear him say it. They really, truly are going to campaign on the idea that a raft of new federal health-care benefits is a money-saver, despite the glorious experiences of Medicare and RomneyCare and despite poll after poll showing that people expect costs to go up, not down. We can crunch the numbers every which way,...
  • Auditors find misuse of stimulus money in Calif.

    03/02/2010 5:10:07 PM PST · by BookmanTheJanitor · 18 replies · 603+ views
    Sign on San Diego News ^ | March 2, 2010 | GARANCE BURKE
    FRESNO, Calif. — Officials in the heart of recession-battered central California misspent about $1 million in federal stimulus funds that were supposed to help adults and teenagers find jobs, state auditors said Tuesday. California's Inspector General Laura Chick said the Tulare County Workforce Investment Board used nearly $1 million in Recovery Act funds to pay for their own rent and utility bills, when the bulk of the money should have gone to finding youth summer jobs.
  • Steve King: True economic stimulus can be achieved with FairTax

    02/26/2010 4:58:28 PM PST · by Man50D · 144 replies · 1,061+ views
    Omaha World Herald ^ | February 25, 2010 | Representative Steven King
    The writer, of Kiron, Iowa, is Iowa’s 5th Congressional District representative.When President Barack Obama signed his $787 billion “stimulus” bill into law last year, he said the bill was “the beginning of what we need to do to create jobs for Americans scrambling in the wake of layoffs; to provide relief for families worried they won’t be able to pay next month’s bills; and to set our economy on a firmer foundation.” The actual results of the stimulus tell a different story. Since February 2009, our economy has lost nearly 3.3 million jobs. Despite President Obama’s statements that unemployment would...
  • CBO Report Was Pre-Ordained to Show the Stimulus Succeeded

    02/25/2010 12:56:50 PM PST · by Sir Gawain · 7 replies · 556+ views
    Wednesday, February 24, 2010 CBO Report Was Pre-Ordained to Show the Stimulus Succeeded    [Brian Riedl] The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs. Yet the CBO’s calculations are not based on actually observing the economy’s recent performance. Rather, they used an economic model that was programmed to assume that stimulus spending automatically creates jobs — thus guaranteeing their result. Logicians call this the begging-the-question fallacy. Mathematicians call it assuming what you are trying to prove. The CBO model started by automatically...
  • When You Botch the Stimulus, No One Believes Your Health-Care Promises

    02/23/2010 9:14:45 AM PST · by george76 · 17 replies · 774+ views
    nro ^ | February 23, 2010 | Jim Geraghty
    This sentence, deep in the Washington Post’s coverage of the health-care summit, made me shake my head and be glad I’m not a congressional Democrat: The White House's best hope — perhaps its only hope — is that Obama can use a masterful performance during the six-hour appearance to "stiffen the spine" of congressional Democrats, one senior official said, persuading them to pass health-care legislation using the mechanism known as reconciliation, which requires a simple majority of 51 rather than 60 votes to prevail in the Senate. Great, they’ve ordered up another “masterful performance.” I expect copper prices to rise...
  • Stimulus slow to show gains (6.9 Jobs for $23,000,000)

    02/21/2010 7:44:42 PM PST · by Rebelbase · 15 replies · 397+ views ^ | 2/21/10 | Amanda Lehmert
    GREENSBORO — Gene Brown extended a job offer on Thursday to someone he hopes will be a member of Housing Greensboro’s tiny full-time staff. This person would oversee the nonprofit’s newest program — making minor repairs to the homes of the elderly or infirm. It was a job Brown might not have been able to create if not for federal stimulus funding and other donations. It’s a small — but concrete — example of a new job created with the help of the $700 billion-plus federal American Recovery and Reinvestment Act, signed by President Barack Obama a year ago last...
  • Obama: Stimulus Has Saved 2 Million Jobs

    02/17/2010 3:29:59 PM PST · by topfile · 52 replies · 1,046+ views ^ | 17 February 2010 | Kent Klein | White House
    U.S. President Barack Obama says the massive economic stimulus bill he signed one year ago has prevented another Great Depression and kept millions of Americans working. The president is celebrating the anniversary of the bill's signing. President Obama says the $787 billion Recovery Act is working. "It is one of the main reasons the economy has gone from shrinking by six percent to growing by about six percent. And this morning we learned that manufacturing production posted a strong gain. So far, the Recovery Act is responsible for the jobs of about two million Americans who would otherwise be unemployed,"...
  • Stimulus Failure By The Numbers

    02/17/2010 6:44:40 PM PST · by Ooh-Ah · 7 replies · 482+ views ^ | February 17, 2010
    One Year After February 17 Signing Of Stimulus, 17 Numbers You Need To Know3.5 MILLION: Jobs Obama Promised Stimulus Would Create By End Of 2010. (President Barack Obama, Remarks At The Signing Of The American Recovery And Reinvestment Act, Press Release, Denver, CO, 2/17/09)3.3 MILLION: Jobs Lost Since Obama Made That Promise. (U.S. Bureau Of Labor Statistics,, Accessed 2/16/10) 6.8 MILLION: Jobs Obama Must Now Create To Keep Promise By End Of 2010. (President Barack Obama, Remarks At The Signing Of The American Recovery And Reinvestment Act, Press Release, Denver, CO, 2/17/09; U.S. Bureau Of Labor Statistics,, Accessed...
  • 1 Year Anniversary of the Stimlus Bill and a STIMULOUS ALTERNATIVE

    02/17/2010 4:35:17 PM PST · by publius321 · 2 replies · 152+ views
    http://www.ThurstonHowell.NET ^ | Wednesday, February 17, 2010 | Thurston Howell
    Lovely! It’s the 1 year anniversary of our stimulus bill. Having a year to look back and evaluate, I have come to the conclusion that the results would have been far more effectual if our elected swindlers decided to print $10 trillion dollars in $100 denominations, strapped it all to the space shuttle and released it about 45 seconds before hitting our atmosphere (give or take a few seconds). I’m no engineer and I don’t know how much that would weigh so perhaps $1,000 dollar Federal Reserve notes would be in order. For the obtuse, yes I am being deliberately...
  • Schools Face Big Budget Holes As Stimulus Runs Out[Stimulus Created or Saved 250,000 Education Jobs]

    02/14/2010 2:22:07 PM PST · by Steelfish · 19 replies · 541+ views
    AP Report ^ | February 14, 2010 | Terence Chea
    By TERENCE CHEA SAN FRANCISCO – The nation's public schools are falling under severe financial stress as states slash education spending and drain federal stimulus money that staved off deep classroom cuts and widespread job losses. School districts have already suffered big budget cuts since the recession began two years ago, but experts say the cash crunch will get a lot worse as states run out of stimulus dollars. The result in many hard-hit districts: more teacher layoffs, larger class sizes, smaller paychecks, fewer electives and extracurricular activities, and decimated summer school programs. The situation is particularly ugly in California,...
  • Think Color Of Money, Not Trees When It Comes To 'Green' Jobs

    02/12/2010 7:01:13 AM PST · by Slyscribe · 9 replies · 268+ views
    Investor's Business Daily ^ | 2/11/2010 | Sean Higgins
    President Obama has spent billions on so-called green job programs as part of the economic recovery and plans to spend billions more. He has repeatedly argued this will create good-paying jobs that cannot be outsourced. But, according to the green groups themselves, these jobs can be highly expensive, often costing well more than $100,000 per job in subsidies and/or tax credits. Just last month, the White House said it was spending $135,294 per job to create 17,000 green jobs. And research commissioned in part by the Sierra Club found that the jobs often pay less than the industry average and,...
  • The "Green Jobs" Scam Unmasked

    02/12/2010 4:56:21 AM PST · by Kaslin · 11 replies · 631+ views ^ | February 12, 2010 | Howard Rich
    A year after it was passed, it has become painfully obvious to anyone with open eyes that the massive federal “stimulus” – along with several other trillion-dollar government interventions in the free market – has utterly failed to turn around America’s economy. In fact, all this massive infusion of taxpayer cash has done is deprive our consumer-driven private sector of much-needed oxygen, while sending our annual deficits and national debt soaring to previously unthinkable heights. It’s the classic Washington approach to the economy. When times are good, politicians in both parties spend excessively. When times are bad? They spend uncontrollably....
  • Stocks tumble after Bernanke details Fed plan (Stimulus failed now it's time to pay the piper)

    02/10/2010 7:38:22 AM PST · by tobyhill · 44 replies · 1,769+ views
    MSNBC ^ | 2/10/2010 | AP
    The stock market is falling as Federal Reserve Chairman Ben Bernanke details plans for dismantling the central bank's economic support measures. Bernanke says in prepared remarks to a House committee Wednesday that the Fed likely will begin tightening credit by raising the interest rate it pays to banks on the money they have deposited at the Fed. That would lead to an increase in borrowing rates for consumers and businesses. The Fed chief cautioned that the central bank is months away before it's ready to boost interest rates.
  • Foreign energy firms getting windfall of U.S. stimulus funds (Money buying turbines made abroad)

    02/09/2010 10:20:19 AM PST · by NormsRevenge · 10 replies · 531+ views
    San Diego Union - Tribune ^ | 2/9/10 | Brooke Williams Watchdog Institute
    Of the more than $2 billion the federal government has given out to boost the economy and create green-energy jobs, more than three-quarters has gone to foreign-owned companies that dominate the global wind-power industry. This latest finding by the Investigative Reporting Workshop, a nonprofit at American University in Washington, D.C., is illustrated clearly in San Diego County, where about a dozen commercial wind developers have offices. La Jolla is the headquarters for Eurus Energy America, the subsidiary of a Japanese firm that received $91 million in federal stimulus money for a wind farm in western Texas. It plans to apply...
  • Stimulus created 600,000 jobs at the end of 2009, White House says

    01/31/2010 8:36:26 PM PST · by Nachum · 44 replies · 721+ views
    Washington Post ^ | 2/1/10 | Ed O'Keefe
    The Obama administration's economic stimulus program created nearly 600,000 jobs in the final three months of 2009, a figure in line with the administration's goals for job creation through the end of 2010, the White House reported Saturday night. The new total was down from the totals reported for the previous quarter, partly because the administration decided in December to count only the jobs paid for with stimulus funding instead of estimating the number of jobs "created or saved" with the money. Critics had panned the "created or saved" measurement as a subjective and confusing way of determining the program's...
  • Stimulus funds nearly 600,000 jobs last quarter (Then why is unemployment still above 10%?)

    01/31/2010 4:44:52 AM PST · by tobyhill · 33 replies · 601+ views
    CNN ^ | 1/31/2010 | CNN
    The White House's massive stimulus plan funded 599,108 jobs in the fourth quarter, administration officials said Saturday. The figure, based on about 160,000 reports from state, local and corporate recipients, is the second concrete look at the impact of the federal American Recovery and Reinvestment Act. These recipients have been allocated $199.4 billion in spending and received $57.9 billion.
  • Dem Congressman: We're told not to call it a stimulus bill. We're calling it a jobs bill

    01/27/2010 11:55:35 AM PST · by paltz · 15 replies · 415+ views
    Washington Times - Water Cooler ^ | 1/27/10 | Kerry Picket
    "The other thing I'll point out is we now have...we are working on a...we're told not to call it another stimulus bill. We're calling it a jobs bill. it's similar but smaller and there's a lot of discussion as to what it's best to spend the money on, and I've been pushing for aid to state and local governments. First, because my own state is having such severe problems--and second because from a macro-economic stand-point, we're trying to have jobs now. And construction projects, for example, they talk about them being shovel-ready, but even if you're ready to start building...
  • Officials Say Stimulus Bill To Cost $75B More Unemployment Benefits Costing More Than Expected

    01/27/2010 1:27:41 AM PST · by The Magical Mischief Tour · 5 replies · 358+ views
    WSMV Nashville, TN. ^ | 01/26/2010 | WSMV
    WASHINGTON -- Last year's $787 billion economic stimulus bill is going to be even more expensive -- $75 billion more. The new Congressional Budget Office estimate, released Tuesday, provides more ammunition for Republicans who say the stimulus has been long on spending and short on creating promised jobs. The additional cost also eats into the savings forecast from the budget freeze President Barack Obama is expected to propose Wednesday night during his State of the Union address. Almost half of the additional cost, $34 billion, is because the food stamp program won't be able to take advantage of lower-than-expected inflation...
  • Officials say stimulus bill to cost $75B more

    01/26/2010 1:58:45 PM PST · by mikelets456 · 8 replies · 436+ views
    Breitbart ^ | 1/26/2010 | ap
    WASHINGTON (AP) - Last year's $787 billion economic stimulus bill is going to be even more expensive—$75 billion more. That's the finding in a Congressional Budget Office estimate of the costs of the economic stimulus bill, which mixed tax cuts and lots of spending in an effort to jump-start the economy. The reason for the higher estimate of the recovery bill's price tag is chiefly that unemployment benefits are costing more. Plus, stimulus-subsidized bonds to pay for infrastructure projects are more popular than expected with state and local governments. Republicans have long blasted the stimulus for being long on spending...
  • CNN Poll: 3 of 4 Americans say much of stimulus money wasted

    01/25/2010 9:45:30 AM PST · by Cheap_Hessian · 13 replies · 885+ views
    CNN ^ | January 25, 2010 | Paul Steinhauser
    Washington (CNN) -- Nearly three out of four Americans think that at least half of the money spent in the federal stimulus plan has been wasted, according to a new national poll. A CNN/Opinion Research Corporation survey released Monday morning also indicates that 63 percent of the public thinks that projects in the plan were included for purely political reasons and will have no economic benefit, with 36 percent saying those projects will benefit the economy. Twenty-one percent of people questioned in the poll say nearly all the money in the stimulus has been wasted, with 24 percent feeling that...
  • White House brass split on stimulus stats [three different estimates of how many jobs.....]

    01/24/2010 10:48:12 AM PST · by Sub-Driver · 8 replies · 522+ views
    White House brass split on stimulus stats White House advisers appearing on the Sunday talk shows gave three different estimates of how many jobs could be credited to President Obama’s Recovery Act. The discrepancy was pointed out by a Republican official in an email to reporters noting that “Three presidential advisers on three different programs [gave] three different descriptions of the trillion-dollar stimulus bill.” Valerie Jarrett had the most conservative count, saying “the Recovery Act saved thousands and thousands of jobs,” while David Axelrod gave the bill the most credit, saying it has “created more than – or saved more...
  • Iowa Governor begs Congress for another stimulus package

    01/22/2010 5:59:37 AM PST · by bigred08 · 31 replies · 1,189+ views
    The Examiner ^ | 1/22/2010 | Kevin Hall
    Thanks to the ineptitude of Iowa Governor Chet Culver, the state faces a $1 billion budget deficit in the coming year. Last week, Culver delivered his Condition of the State speech and failed to address any concrete ways to solve the crisis. That is because he has no clue how to solve it. Like any good liberal, when in doubt, head to Washington D.C.and beg for more federal taxpayer dollars...
  • Obama's stimulus plan promises new jobs (1/16/2009. Hey Obama, how's that stimulus working out?)

    01/18/2010 6:00:17 AM PST · by tobyhill · 4 replies · 433+ views
    MSNBC ^ | 1/16/2009 | Tara Weiss
    In his weekly radio address on Jan. 10, 2009, Barack Obama said the No. 1 goal of his economic stimulus plan is to create 3 million new jobs in the next two years. Less than 20 percent of them will be government jobs. What exactly, then, will these jobs be? Career Web site Jobfox has analyzed Obama's plan and come up with five areas of likely job growth over the next two years, with 22 specific job titles among them. Engineering, accounting, nursing and information technology will all fare particularly well, Jobfox predicts.
  • Perry: Texas Won't Seek Federal Education Funding

    01/13/2010 4:26:16 PM PST · by Dubya · 15 replies · 1,296+ views
    AP ^ | Associated Press
    AUSTIN, Texas - Texas won't compete for up to $700 million in federal stimulus money for education because the program "smacks of a federal takeover of our public schools," Republican Gov. Rick Perry said Wednesday. The funding is from the U.S. Department of Education's "Race to the Top" program, a $5 billion competitive fund that will award grants to states to improve education quality and results. The program, created in the economic stimulus law, is part of Democratic President Barack Obama's efforts to overhaul the nation's schools. Perry has been critical of the federal stimulus program and the federal bailout...
  • No Shock: Stimulus Is A Money Loser

    01/12/2010 5:18:20 PM PST · by Kaslin · 4 replies · 402+ views ^ | January 12, 2012 | INVESTORS BUSINESS DAILY Staff
    Economic Recovery: The results are in, and last year's $787 billion stimulus not only failed to do what it was supposed to do, but it has also turned out to be one of the worst investments in economic history. Remember the debate in 2008 over the bailouts then being put together by the Treasury, the Fed and the Democratic Congress? Proponents often raised the possibility that any bailout would make money for taxpayers. Didn't work that way. As we've discovered, the American people aren't just saddled with the ongoing costs of the various and sundry stimulus programs. They're also taking...
  • Phantom zip codes also found in Virginia

    01/06/2010 5:05:27 PM PST · by jdfromny · 11 replies · 799+ views ^ | 1/6/10 | BARBARA HOLLINGSWORTH
    As much as $9.5 million in federal stimulus dollars went to 14 zip codes in Virginia that don’t exist or are in other states, Old Dominion Watchdog ( reports. The fake zip codes were listed on, the federal Web site that is supposed to track how the stimulus money is being used.
  • Phantom zip codes also found in Virginia (Your Porkulus $$ at work)

    01/06/2010 8:40:51 AM PST · by pissant · 16 replies · 750+ views
    Wash Examiner ^ | 1/6/10 | Babs Hollingsworth
    As much as $9.5 million in federal stimulus dollars went to 14 zip codes in Virginia that don’t exist or are in other states, Old Dominion Watchdog ( reports. The fake zip codes were listed on, the federal Web site that is supposed to track how the stimulus money is being used. The phony zip codes are a new wrinkle in’s increasingly tattered credibility. In November, Ed Pound, director of communications for the Recovery Accountability and Transparency Board, said a rash of phantom congressional districts found on the website were the result of confusion by fund recipients, who...
  • Son of Stimulus - This Time It's Personal

    01/04/2010 11:24:40 AM PST · by CaroleL · 1 replies · 306+ views ^ | 01/04/10 | CaroleL
    When President Obama and the Democrats in Congress pushed through their $787 billion stimulus package early last year it was at least remotely possible they really believed it would stimulate the economy and create jobs. But soon after it was rammed through the legislative process the promises of creating jobs became claims of saving them and the 8% unemployment rate the bill was supposed to prevent skyrocketed to over 10%. Now those same Democrats want to squander even more taxpayer money on a phony job-creating bill. continued
  • The States and the Stimulus [$75B Mortgage Help Bust And Now $200B State Stimulus Evaporates!]

    01/01/2010 9:21:48 PM PST · by Steelfish · 15 replies · 822+ views
    Wall St. Journal ^ | January 01st 2010
    The States and the Stimulus How a supposed boon has become a fiscal burden. Remember how $200 billion in federal stimulus cash was supposed to save the states from fiscal calamity? Well, hold on to your paychecks, because a big story of 2010 will be how all that free money has set the states up for an even bigger mess this year and into the future. The combined deficits of the states for 2010 and 2011 could hit $260 billion, according to a survey by the liberal Center on Budget and Policy Priorities. Ten states have a deficit, relative to...
  • Some school districts use federal stimulus money to pay everyday expenses

    01/02/2010 5:37:04 AM PST · by Oldeconomybuyer · 8 replies · 642+ views
    The Patriot-News ^ | January 1, 2010 | By KARI ANDREN
    Central Pennsylvania school districts received millions of dollars in federal stimulus funding and were advised to use the money for one-time expenses, since it will last for only two years. But with the tight economy, many districts are using the money to fill gaps that otherwise may have had to be handled by cuts or tax increases. In addition to using the money for operating expenses, Harris said many districts are using the funding for small purchases rather than large-scale projects. Though districts were advised by federal officials on how to use the money, they were not restricted in its...
  • Once-presidential phrase casualty of word war(Obama killed "shovel ready"?)

    12/31/2009 2:36:25 AM PST · by TigerLikesRooster · 42 replies · 1,499+ views
    AP ^ | 12/31/09
    Once-presidential phrase casualty of word war DETROIT – The phrase "shovel ready," incessantly invoked by the Obama administration this year as a way to sell its $787 billion federal stimulus bill, died Thursday. The official cause of death was overuse, according to Lake Superior State University, which announced the phrase's demise in its annual List of Words to Be Banished from the Queen's English for Mis-use, Over-use and General Uselessness, released Thursday. "Shovel ready" dug its own grave by forcing its way into speeches and out of the mouths of the president and too many other politicians in past months....
  • Arts briefs: Hub-Bub wins grant for artists (Porkulus at work in Spartenburg SC)

    12/13/2009 11:41:08 AM PST · by markomalley · 8 replies · 438+ views
    Hub-Bub has been awarded a grant for $10,000 from the National Endowment for the Arts for the Hub-Bub Artists-in-Residence program. Only 30 other artists' communities in the U.S. will receive funding from the NEA during this grant cycle. Hub-Bub will also receive funding in 2010 from the Dedalus Foundation, which fosters public understanding of modern art by facilitating research, publications and exhibitions in the field. Funding from Dedalus will be used to bring six visiting artists to Spartanburg over the next year for community-based art projects.
  • Arts boosters are bolstered by presidential support

    12/13/2009 11:46:31 AM PST · by markomalley · 2 replies · 322+ views
    Miami Herald ^ | 12/13/2009 | BRETT ZONGKER
    In his first year, President Obama has marshaled the largest infusion of cultural funding in decades -- despite a few stumbles. Though art advocates contend more support is needed, they have high hopes this president could transform cultural policy, funding and arts education for years to come. ``I think and feel he's very much in the John F. Kennedy tradition -- he embodies the humanities, essentially,'' said Jim Leach, a former Republican congressman from Iowa whom Obama named chairman of the National Endowment for the Humanities. ``That doesn't mean a conservative leader can't also. Abraham Lincoln was a great conservative...
  • Obama Pitches Jobs Program, Points Finger at GOP for Economic Mess

    12/08/2009 11:05:18 AM PST · by americanophile · 70 replies · 2,347+ views
    Fox News ^ | December 8, 2009 | Peter Barnes, Fox News' Major Garrett and The Associated Press
    President Obama used his speech rolling out a stimulus-style jobs program Tuesday to point the finger at Republicans for allegedly facilitating the economic crisis and then foisting it off on his administration to solve. While praising his own team for pioneering "ambitious" financial reform and "sweeping" economic recovery initiatives, the president took some pointed shots at Republicans who are now blasting the latest package as a spend-crazy "stimulus two" that will drill deeper into the deficit. "We were forced to take those steps (to jump-start the economy) largely without the help of an opposition party which, unfortunately, after having presided...
  • Democrats work on multibillion-dollar jobs package (Rats working on another failed "stimulus")

    11/27/2009 7:13:11 AM PST · by tobyhill · 30 replies · 1,121+ views
    LA Times ^ | 11/27/2009 | Peter Nicholas
    Reporting from Washington - Troubled by the rising jobless rate, President Obama and the Democratic majority in Congress are assembling a new jobs package that would devote billions of dollars to projects meant to put people back on payrolls in 2010 and keep them working. Discussions over the scale of the bill are fluid, but lawmakers said the intent was to move swiftly and get a bill to Obama's desk as early as January. The renewed push to create jobs is driven by a recognition that the $787-billion stimulus program enacted in February is not a sufficient remedy for an...
  • AARP Received $18 Million In Stimulus Money

    11/18/2009 3:59:01 PM PST · by opentalk · 27 replies · 1,391+ views
    American spectator ^ | 11.18.09 | Philip Klein
    AARP, which has given its full-throated support to Democratic health care legislation even though seniors remain largely opposed, received an $18 million grant in the economic stimulus package for a job training program that has not created any jobs, according to the Obama administration's website. The Senior Community Service Employment Program (SCSEP), according to the website, is "a work training program for unemployed mature workers who are 55+ and are at or below 125% of the poverty guidelines." So far, $6.5 million has been spent on the program, and it has not reported creating any jobs. In February, the...
  • Stimulus boosts D.C.-based special interests

    11/18/2009 10:43:07 AM PST · by markomalley · 8 replies · 526+ views
    Washington Times ^ | 11/18/2009 | Amanda Carpenter
    President Obama’s $787 billion economic stimulus package has been a bonanza for D.C.-based special interest groups, like the National Council of La Raza, AARP and a fund for the Service Employees International Union. The NCLR snagged $156,620 in stimulus cash and the AARP benefited from a whopping $18,176,224 according to the government. The Washington Times found organizations cashing in on the stimulus include Georgetown University ($14,807,804), the Service Employees International Union Education and Support Fund ($265,136), the Lockheed Martin Aspen Systems Corp. ($1,866,582), the Urban Institute ($1,443,178), National Public Radio, Inc. ($50,000), the National Building Museum ($50,000), the Shakespeare Theatre...
  • Rep. Darrell Issa: Counterpoint: Fake job numbers vital to stimulus propaganda

    11/17/2009 10:42:04 PM PST · by Former Military Chick · 17 replies · 1,048+ views
    The Washington Examiner ^ | November 18, 2009 | Rep. Darrell Issa
    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...
  • NY Times: A Stimulus That Could Save Money

    11/17/2009 7:18:17 PM PST · by Oldeconomybuyer · 23 replies · 1,105+ views
    NY Times ^ | November 17, 2009 | By DAVID LEONHARDT
    The one highly visible success of the stimulus bill has been the cash-for-clunkers program. It induced a boom in vehicle sales this summer that clearly would not have happened otherwise. The rest of the stimulus bill has created a lot of jobs — 700,000 to 1.5 million, according to economists’ estimates. But it has done so in thousands of little ways: scattered construction projects, plugged-up school budgets and the like. Politically, these measures are not popular enough to create a groundswell for more of them. And the economy still needs help. So White House officials are now looking at creating...
  • NY Times: House to Turn Up the Heat on Jobs

    11/17/2009 6:18:47 PM PST · by Oldeconomybuyer · 24 replies · 1,033+ views
    NY Times ^ | November 17, 2009 | By JACKIE CALMES
    With Congressional Democrats in near-panic amid forecasts that unemployment will remain high through next November’s midterm elections, a party leader said on Thursday that the House will pass a new “jobs bill” before Dec. 18. With more than half of last winter’s $787 billion package of tax cuts and stimulus spending still in the pipeline, Representative Steny H. Hoyer, the Democratic majority leader from Maryland, said the new measure should not be called another stimulus bill. He indicated that the legislation might include money for public jobs, which many liberals have advocated; tax credits to employers for new hires, an...
  • A breakdown of Obama's stimulus lies

    11/17/2009 5:59:12 PM PST · by bigred08 · 6 replies · 752+ views
    The Examiner ^ | 11/17/2009
    The website is full of these fraudulent claims nationwide. The White House blames the problems on clerical errors, and even claims their tracking of the $787 billion stimulus funds has been a "huge success". The egregious lies spewing from the mouth's of Obama administration officials have become farcical. The complete breakdown of "clerical errors"....