Keyword: porkulus

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  • Obama Campaign objects to Obama Administration Stimulus Statistics

    04/19/2012 5:01:56 PM PDT · by Oldeconomybuyer · 3 replies
    New Hampshire Watchdog.org ^ | April 19, 2012 | By Grant Bosse
    Mark Hayward reports in the Union Leader on our story on New Hampshire stimulus statistics, and the negative reaction it received from the New Hampshire Obama campaign. Recovery.org was also plagued by massive data entry errors from grant recipients, resulting in a massive database of useless information and phantom Congressional Districts. After a massive overhaul of the site, and some basic quality controls on its data, Recovery.org has become a fairly useless tool to track ARRA funds. But the ways the Obama Administration tracks jobs is quite confusing. After admitting early on that there was no real way to track...
  • NH Stimulus- $985 million for 845 jobs

    04/19/2012 5:01:31 PM PDT · by Oldeconomybuyer · 2 replies
    New Hampshire Watchdog.org ^ | April 17, 2012 | By Grant Bosse
    New Hampshire has been awarded over $1.1 million in stimulus funds for every full-time job funded under the three-year old federal spending program, according to state and federal reports. The influx of federal cash also led to the creation of 56 full-time and 26 part-time positions within New Hampshire government. According to the federal stimulus reporting website, Recovery.org, New Hampshire has been awarded more than $985.7 million under the American Recovery and Reinvestment Act (ARRA), of which $766.5 million had been received as of December 31, 2011. According to quarterly report submitted by project recipients, ARRA has funded enough hours...
  • Obama’s Economic ‘Stimulus’ Gave $10 Million to ATF Project Gunrunner

    04/18/2012 2:17:24 PM PDT · by Oldeconomybuyer · 17 replies
    CNS News ^ | April 18, 2012 | By Fred Lucas
    President Barack Obama’s economic stimulus act allocated $10 million to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) for a program that traced guns sold to straw purchasers, an operation that was designed to prevent Mexican criminal organizations from obtaining U.S. guns. The $787-billion American Recovery and Reinvestment Act, the stimulus, was passed by Congress and signed into law in February 2009. From this near-trillion dollar trove, the administration allocated $10 million to the ATF’s “Project Gunrunner” to increase staff by 37 persons, according to a November 2010 Department of Justice Inspector General report. The phased-in hiring of stimulus-funded...
  • Up to 300 IG investigations targeting DOE programs

    04/18/2012 2:11:22 PM PDT · by Oldeconomybuyer · 2 replies
    Politico ^ | April 18, 2012 | By DARREN SAMUELSOHN
    Energy Department Inspector General Gregory Friedman said Wednesday that he’s overseeing 250 to 300 open criminal investigations into the "entire spectrum of DOE activities." The DOE IG probes include about 100 reviews that specifically involve the more than $35 billion in economic stimulus dollars that the department received in 2009. “It’s an active investigation,” he said. In an interview after the hearing, Friedman said the IG office is also looking into DOE’s use of thousands of outside contractors, federal money being diverted for personal use, false data in grant and loan applications, conflicts of interest and incomplete and inferior work...
  • Clean Technology on the Brink

    04/18/2012 2:00:41 PM PDT · by Oldeconomybuyer · 24 replies
    New York Times ^ | April 18, 2012 | By JOHN M. BRODER
    Clean energy technology has grown robustly and come down in price in recent years, driven by hefty government stimulus spending, expectations of future regulation and substantial private investment. But that technology is going to fall off a cliff unless government steps in quickly to revitalize the solar, wind, nuclear, battery and clean vehicle sectors with new spending and federal policy, according to a new study from three research groups. The study notes that the tens of billions of dollars from President Obama’s stimulus program are drying up, even as tax breaks that have supported wind and solar power generation are...
  • Halt California funds for high-speed rail: budget watchdog

    04/18/2012 6:37:28 AM PDT · by Oldeconomybuyer · 3 replies
    Reuters ^ | April 18, 2012 | By Jim Christie
    (Reuters) - California lawmakers should not approve Governor Jerry Brown's budget proposals to provide additional funds for the state's pricey planned high-speed rail system, the state's budget watchdog agency said in a report on Tuesday. The report by the nonpartisan Legislative Analyst's Office said the California High-Speed Rail Authority has "not made a strong enough case for going forward with the project at this time." Funding beyond proceeds from state debt and $3.5 billion from the federal government to build the statewide high-speed system is "highly uncertain," the report said. Mary Nichols, chairman of California's Air Resources Board, said a...
  • Subsidized, Bankrupt Solyndra Managers Got $368,500 in Court-Ordered Bonuses

    04/16/2012 4:17:06 PM PDT · by Oldeconomybuyer · 1 replies
    CNS News ^ | April 16, 2012 | by Fred Lucas
    A bankruptcy court ordered $368,500 in bonuses for 20 top managers and employees of Solyndra, the solar panel firm that received $535 million from taxpayers two years before filing for bankruptcy and laying off 11,000 employees. The bonuses kicked in on March 31. The 20 high-level workers earned a total base pay of $2.49 million before the bonuses. One of the executives earned a base annual salary of $206,499 and received a $30,000 incentive under the court order handed down on Feb. 22 by U.S. Bankruptcy Judge Mary F. Walrath in Delaware. Another executive earning $189,000 in base pay was...
  • Analysis: Obama's "green jobs" have been slow to sprout

    04/13/2012 7:53:12 AM PDT · by Oldeconomybuyer · 6 replies
    Reuters ^ | April 13, 2012 | by Andy Sullivan
    ...Three years after Obama launched a push to build a job-creating "green" economy, the White House can say that more than 1 million drafty homes have been retrofitted. But the millions of "green jobs" Obama promised have been slow to sprout, disappointing many who had hoped that the $90 billion earmarked for clean-energy efforts in the recession-fighting federal stimulus package would ease unemployment - still above 8 percent in March. Supporters say the administration over-promised on the jobs front and worry that a backlash could undermine support for clean-energy policies in general. "All of this stuff is extraordinarily worthy for...
  • Gov’t Spent $205,075 to ‘Translocate’ One Shrub from Path of San Fran Stimulus Project

    04/12/2012 3:38:08 PM PDT · by Oldeconomybuyer · 18 replies
    CNS News ^ | April 12, 2012 | By Thomas Cloud
    The government spent at least $205,075 in 2010 to “translocate” a single bush in San Francisco that stood in the path of a $1.045 billion highway-renovation project that was partially funded by the economic stimulus legislation President Barack Obama signed in 2009. “In October 2009, an ecologist identified a plant growing in a concrete-bound median strip along Doyle Drive in the Presidio as Arctostaphylos franciscana,” the U.S. Department of Interior reported in the Aug. 10, 2010 edition of the Federal Register. The bush—a Franciscan manzanita—was a specimen of a commercially cultivated species of shrub that can be purchased from nurseries...
  • State senators say they won't rush bullet train plans

    04/12/2012 7:54:14 AM PDT · by Oldeconomybuyer · 10 replies
    Los Angeles Times ^ | April 11, 2012 | By Ralph Vartabedian
    The plan to build the California bullet train is almost certain to be approved Thursday by the state's high-speed rail authority at a board meeting in San Francisco, but the project is facing a less certain future in Sacramento. The rail authority has long insisted that it needs to move as quickly as possible, starting construction on an initial $6-billion segment of track through the Central Valley this year to meet the terms of a federal grant that covers more than half of the initial project. But that push by the authority, labor unions and the Brown administration for quick...
  • Notice: Free Republic has been in full rebellion mode since 2008 and will remain so for the duration

    04/11/2012 8:04:00 PM PDT · by Jim Robinson · 1,464 replies
    Click here to pledge your support! ^ | April 11, 2012 | Jim Robinson
    Notice: Free Republic has been in full rebellion mode since 2008 and will remain in full rebellion mode for the duration! No more Doles!! No more McCains!! No more RINOS!! NO ROMNEY!! Those who cannot stomach rebellion might as well start looking for a new home on the net!! Those who have ignored my hundreds of posts on this crucial issue or who have doubted me these last three or four years might as well get used to it. FR will never support the abortionist, homosexualist, socialist, mandate loving, constitution trampling liar Mitt Romney. In case you haven't noticed, a...
  • NEW BOOK EVISCERATES NYT'S PAUL KRUGMAN IN NEW STIMULUS EXPOSÉ

    04/08/2012 1:41:32 PM PDT · by richardb72 · 12 replies
    Big Government ^ | April 6, 2012 | WYNTON HALL
    Their refutation makes for fascinating and sometimes humorous reading. Consider, for example, the prediction Krugman made the day Obama signed the original stimulus bill into law: “I am still guessing that we peak out at around 9% [unemployment] and that would be late this year [2009]." Furthermore, Krugman declared that double-digit unemployment was “not the most likely event.” As Norquist and Lott note, unemployment hit 10.1% and remained above 9% two years after Krugman predicted it would peak. Once it became clear that President Obama’s stimulus plan had failed to ignite the economic recovery he promised, Krugman and others began...
  • US-backed battery company's sale to Russian tycoon sparks anxiety

    04/07/2012 9:58:37 AM PDT · by Oldeconomybuyer · 12 replies
    Chicago Tribune ^ | April 7, 2012 | By Julie Wernau
    Department of Energy invested millions to develop cutting-edge technology to power electric vehicles, but that know-how is now in foreign hands. "This is about the future. And the question is which nation is going to seize the future. Some nation is going to grab it by the throat. One of the nations of the world is going to lead the world in green energy and technology," Vice President Joe Biden said in January 2011 in a speech praising federal support for Ener1 at its facility in Indiana. That nation, it turns out, is Russia. A little more than a year...
  • Justice Department Probing Widespread Stimulus Fraud

    04/07/2012 9:45:08 AM PDT · by Oldeconomybuyer · 25 replies
    The Fiscal Times ^ | April 6, 2012 | By ERIC PIANIN
    In what is shaping up as another troubled chapter in the saga of the Obama Administration’s economic stimulus program, the Justice Department is investigating whether billions of dollars worth of federal highway and transportation programs are rife with fraud and abuse. Federal investigators have uncovered widespread financial management problems with many of the projects. As of early March, federal authorities were investigating 66 cases of alleged false statements, bid rigging, fraud and embezzlement, according to a report by Calvin L. Scovel III, the Department of Transportation’s inspector general. Justice Department lawyers are scouring 47 of those cases for potential prosecution,...
  • Solyndra Fallout Stalls Energy Loans

    04/05/2012 7:38:13 AM PDT · by Oldeconomybuyer · 7 replies
    Wall Street Journal ^ | April 4, 2012 | By RYAN TRACY
    The Energy Department was in such a rush three years ago to issue a loan to solar-panel maker Solyndra LLC that it gave the Treasury Department only a day to review the deal, according to a government report released Wednesday. Today, the situation is the opposite, industry officials say: The department is putting loans through such exacting reviews that some renewable-energy funds look as if they never will be disbursed. The issue came into focus Tuesday when the new chief executive of Fisker Automotive Inc. said the company would consider giving up on a hybrid-electric car factory in Delaware and...
  • Gov. Patrick defends Obama’s economic record

    04/03/2012 1:14:52 PM PDT · by Oldeconomybuyer · 10 replies
    The Boston Herald ^ | April 3, 2012 | By Matt Murphy
    Gov. Deval Patrick defended President Barack Obama’s handling of the economy on Tuesday morning, blaming a “sclerosis” in Congress for impeding the president’s ability to make the type of investments that have been successful in Massachusetts. Describing his administration’s three-legged stool for economic development – education, innovation and infrastructure – Patrick pointed to 23,000 jobs created in the first two months of 2012 and growth in the biotechnology and clean energy sectors as proof that his strategy is paying off. While critics of a stimulus law say it may have worsened the nation’s fiscal problems, the governor said 90,000 people...
  • Calif. desert city takes firm’s bankruptcy in stride, figures someone will build solar plant

    04/03/2012 12:50:59 PM PDT · by Oldeconomybuyer · 18 replies
    The Washington Post ^ | April 3, 2012
    BLYTHE, Calif. — The latest setback in a stalled 1,000-megawatt solar plant in the Southern California desert came nearly 10 months after Interior Secretary Ken Salazar and Gov. Jerry Brown broke ground on what was then touted as the world’s largest solar project and a keystone of the Obama administration’s solar energy efforts. Blythe plant developer Solar Trust of America sought Chapter 11 bankruptcy protection in a Delaware court on Monday because the Oakland-based firm was unable to meet a deadline for an Energy Department loan guarantee. Solar Trust is the latest failure in a solar industry shakeout that began...
  • German solar company Q-Cells to go into bankruptcy after restructuring plan dropped

    04/02/2012 4:06:52 PM PDT · by Oldeconomybuyer · 1 replies
    Reuters ^ | April 2, 2012
    BERLIN — Struggling German solar cell manufacturer Q-Cells SE says it will file for bankruptcy after abandoning a debt restructuring plan. The company said it will make its filing Tuesday at a court in Dessau. It said Monday that it had concluded it had no alternative after examining alternative restructuring plans. Q-Cells was once the world’s biggest solar cell manufacturer but has been hit by problems including falling prices. It lost €845.8 million ($1.1 billion) last year and reported revenue of €1.02 billion.
  • Plausible deniability: Obama’s hands were all over Solyndra

    03/22/2012 5:05:47 PM PDT · by Oldeconomybuyer · 7 replies · 1+ views
    The Washington Times ^ | March 22, 2012 | by Henry D'Andrea
    President Barack Obama today once again thwarted honesty to claim that the failed solar energy company, Solyndra, was not the administration’s program, “per se.” In an interview with Marketplace.org, the president pivoted from taking the blame for the failed Solyndra deal and instead blamed its rupture on Congress. What Obama left out of that interview was the immense payday Obama campaign bundlers and investors received from the Solyndra loan deal. Something that the Obama administration had huge participation in. At the time of its announcement, the Solyndra loan was a disgusting and unethical smokescreen designed to propagandize the American electorate...
  • Labor Dept.: Americans hold 3.1 million green jobs

    03/22/2012 4:16:39 PM PDT · by Oldeconomybuyer · 18 replies · 1+ views
    The Seattle Times ^ | March 22, 2012 | by Sam Hananel
    At least 3.1 million Americans are employed in green jobs, a sector that now accounts for about 2.4 percent of the nation's total employment, the Labor Department said Thursday. The report represents the first time the department's Bureau of Labor Statistics has come up with an official count of environmentally friendly jobs, an emerging part of the economy and a centerpiece of President Barack Obama's stimulus plan. Environmental groups cheered the report. The report makes no assessment of when the jobs were created. But the report is sure to add to the debate over how exactly to define green jobs....