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Keyword: stimulus

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  • Hillary's trickle-UP economics and strange enablers [aw!m vanity]

    10/12/2016 1:40:27 PM PDT · by Arthur Wildfire! March · 9 replies
    Arthur W! March
    A FRiend recently pointed out that the opposite of 'trickle down' economics is 'trickle up'. How true! In any banana republic [such as the 'U' SA] the tyrant tops the economic food chain -- that's where the economy trickles up. And sometimes the minions are even more dangerous, such as Obama's 'subordinate', Hillary. View what she achieved already and then imagine her in the Oval Office [with her husband's experience to guide her] ... 1. Watered down AIDS medication [*a*] which should come as no surprise after their ... 2. Tainted prison blood scandal. [*b*] Anyone greedy enough to infect...
  • European Central Bank: Governments must do more for economy

    09/08/2016 10:33:42 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Sep 8, 2016 11:11 AM EDT | David McHugh
    The European Central Bank left its stimulus measures on hold Thursday and warned governments in the 19 country euro currency union that they need to do more to help the economy grow and push up inflation to healthier levels. The bank kept its key interest rates unchanged and decided against extending the duration of its existing bond-buying stimulus program. Bank President Mario Draghi seemed relatively confident about the economy and less inclined to hint at more stimulus than some analysts had expected. Instead, he used his news conference to urge governments to do their part. He said that implementation of...
  • Eurozone economy 'losing momentum' as Germany falters

    09/05/2016 6:03:31 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Sep 5, 2016 5:29 AM EDT | Pan Pylas
    The 19-country eurozone lost some economic momentum in August, largely because of a slowdown in Germany, a closely watched survey showed Monday, days ahead of another possible stimulus package from the European Central Bank. Financial information company IHS Markit said its purchasing managers’ index — a broad gauge of economic activity — for the eurozone fell to a 19-month low of 52.9 points in August from 53.2 the previous month. The fall was unexpected as the initial estimate for August was 53.3. In spite of the fall, the eurozone is still growing, albeit sluggishly as anything above 50 indicates expansion....
  • Dear Arizona Voters, Please Remind Yourself of this 2011 Video Before Voting Today…

    08/30/2016 2:57:30 AM PDT · by cotton1706 · 29 replies ^ | 8/30/16 | Sundance
    The last federal budget was signed into law September of 2007 for fiscal year 2008. Almost a decade has passed without a federal budget. The 2009 ARRA (American Recovery and Reinvestment Act), otherwise known as “The $1,000,000,000,000 ’09 Stimulus Bill”, has been spent every year for the past 7 fiscal years. That’s correct. Due to no budget, and base-line budgeting continuous resolutions, aka “omnibus bills”, we’ve spent the 2009 “Stimulus Bill” seven more times. Each year, for seven consecutive years. Ask yourself: Where did it go?
  • How Republicans in Congress Would Respond to Big-Spending Infrastructure Push

    08/29/2016 8:55:10 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Daily Signal ^ | August 26, 2016 | Josh Siegel
    Fresh after Congress and the White House scored the largest transportation spending package in a decade, both presidential candidates this year are proposing billions in funding to rebuild the nation’s infrastructure. While both Hillary Clinton and Donald Trump—and the parties they represent—agree the nation’s roads, bridges, airports, rail system, and ports are in need of repair, the new proposals invite familiar questions over how the spending would be paid for, and whether the federal government is the best provider to pay for it. Those questions, and the lack of a must-pass infrastructure initiative requiring Congress’ attention in 2017, mean that...
  • Eurozone likely to get more stimulus as growth halves

    07/30/2016 6:08:20 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Jul. 29, 2016 10:43 AM EDT | Pan Pylas
    It seems that the strong start to the year was another false dawn for the eurozone economy and that the European Central Bank will have more to do in the months ahead to shore up growth. New figures released Friday confirmed that the eurozone, which is made up of 19 countries from Ireland to the west to Cyprus in the east, suffered a sizable slowdown in the second quarter of the year despite a number of stimulus measures that the European Central Bank has thrown at it. In its first estimate for the April to June period, Eurostat, the EU’s...
  • Bernie's Truth Deficit: So much for Sanders' "Honesty"

    07/17/2016 7:12:10 PM PDT · by Daniel Clark · 13 replies
    The Shinbone: The Frontier of the Free Press ^ | July 17, 2017 | Daniel Clark
    Bernie's Truth Deficit: So much for Sanders' "Honesty" by Daniel Clark All those conservatives who credit Bernie Sanders with being honest must have been more than a little perplexed by his speech in which he announced his endorsement of Hillary Clinton. The socialist senator hopped aboard the bandwagon of the quintessential "Wall Street candidate," and if that wasn't enough of a sellout of his alleged principles, he even pretended to care about runaway deficits. During the same speech in which he charged that Donald Trump "would increase our national debt by trillions of dollars," he absolved the sitting president for...
  • What About that Stimulus Money?

    06/09/2016 6:53:34 PM PDT · by originalbuckeye · 41 replies
    6/9/16 | Originalbuckeye
    When is SOMEONE in the National News Media going to ask Hillary! or Obama about infrastructure spending in the 2009 stimulus?? Every time I hear a Dem talk about 'investing in the infrastructure' I want to puke. I believe Hillary! used that phrase with Bret yesterday. I was screaming at the TV, 'ask her why didn't the infrastructure get fixed with the Stimulus money'??
  • Where's The Stimulus Funding For Infrastructure?

    06/07/2016 12:19:07 PM PDT · by Kaslin · 6 replies ^ | June 7, 2016 | Susan Stamper Brown
    While traveling across the country with your kids this summer, be sure to buckle-up and do your best to overlook all the potholes and crumbling bridges out there. Even if funding was available, things will probably remain in disrepair until your kids are grown, thanks to big government regulations and red tape. Former Obama administration's U.S. Secretary of Transportation Ray Lahood told CNN's Rene Marsh during a recent four-part investigative report that America is "like a Third World country" when it comes to infrastructure and said, "The reason we have 57,000 deficient bridges is because we have not made the...
  • The Sixty Three Hundred Billion Dollar Question

    05/17/2016 4:52:01 AM PDT · by detective · 17 replies
    Conservative Treehouse ^ | May 17, 2016 | Sundance
    Just because the so-called “conservative” and “liberal” punditry and politicos refuse to answer this question, doesn’t mean we should stop asking it. In 2009 President Obama along with congress passed the roughly $900 billion stimulus bill, the American Recovery and Reinvestment Act. The “non-shovel ready” spending took place within fiscal year 2010/2011. The amount is significant because the injected stimulus was 30% more than the entire federal budget for the same year.
  • SunEdison at risk of bankruptcy, unit says; shares plummet 60 percent ($4.6b Taxpayer $)

    03/29/2016 12:34:23 PM PDT · by Oldeconomybuyer · 5 replies
    Reuters ^ | March 29, 2016 | BY AMRUTHA GAYATHRI AND ARATHY S NAIR
    U.S. solar energy company SunEdison Inc, whose aggressive acquisition strategy has saddled it with almost $12 billion of debt, is at "substantial risk" of bankruptcy, one of its two publicly listed units warned on Tuesday. A bankruptcy would rank among the largest involving a non-financial company in the past 10 years, according to SunEdison declined to comment. SunEdison's shares - already reeling from a Wall Street Journal report on Monday that the company was being investigated for overstating its cash position - fell as much as 60 percent to a record low of 50 cents.
  • Obama in Florida will tout benefits of economic stimulus

    02/26/2016 7:50:03 AM PST · by Olog-hai · 18 replies
    Associated Press ^ | Feb 26, 2016 10:35 AM EST | Darlene Superville
    President Barack Obama is heading to Florida to tout the benefits of the massive economic stimulus bill he signed shortly after taking office seven years ago. Obama pumped more than $760 billion into a then-slumping economy beginning in early 2009 in a frantic effort to halt the worst economic downturn in generations. It was an unsettling period for many Americans as hundreds of thousands of jobs disappeared, unemployment climbed into double digits and home values plummeted. Obama will argue during a stop in Jacksonville on Friday that the country is on a more solid footing because of this and other...
  • Bank of Japan introduces negative interest rates

    01/28/2016 9:43:05 PM PST · by Olog-hai · 16 replies
    CNN Money ^ | January 28, 2016: 11:29 PM ET | Jethro Mullen
    The Bank of Japan is stepping up its efforts to kick-start the country's struggling economy by taking interest rates into negative territory. The central bank announced Friday that it will introduce an interest rate of minus 0.1% and will go even lower if needed. In theory, negative rates encourage consumers to save less and spend more. They can also weaken a country's currency, helping exporters. ...
  • Navy Biofuel Deal is 'Cost Prohibitive,' 'Another Solyndra,’ Critics Say

    12/23/2011 10:22:40 AM PST · by jazusamo · 28 replies
    CNSNews ^ | December 23, 2011 | Fred Lucas
    Navy jet takes off from U.S.S. Ronald Reagan. (U.S. Navy photo) ( – The Obama administration’s deal to buy 450,000 gallons of biofuel for Navy jets comes at a cost of up to nine times higher than regular fuel, a spokesman for Sen. James Inhofe (R-Okla.) said, coming at a time when the U.S. military is already facing deep budget cuts. Inhofe, a member of the Senate Armed Services Committee and former chairman of the Senate Environment and Public Works Committee, has supported biofuel projects in the past, but has problems with a program the U.S. Department of Agriculture...
  • Is Donald Trump going off the liberal deep end?

    12/16/2015 12:50:35 AM PST · by Cincinatus' Wife · 186 replies
    The American Thinker ^ | December 15, 2015 | Ed Straker
    There has been a big question mark about the sincerity of Donald Trump's views, given that he has spent 99% of his adult life supporting liberal positions, including amnesty for illegal aliens,and saying at one point that Hillary Clinton was a really good secretary of state.But he was said to be changed when he ran for president earlier this year. He spoke rousingly against illegal aliens and against Muslim immigration.But all of a sudden he has taken a leftward tack,perhaps figuring, erroneously,that this is the best way to outflank Ted Cruz. Trump has actually criticized Ted Cruz for failing to...
  • EU predicts 'modest' economic recovery next year

    11/06/2015 7:58:58 AM PST · by Olog-hai · 4 replies
    Associated Press ^ | Nov. 5, 2015 7:22 AM EST | Raf Casert
    The European Union on Thursday predicted the region's economy will grow at "a modest pace" next year thanks to cheap energy and central bank stimulus, but remains hampered by low investment and high debt. In an official forecast, European Commissioner Pierre Moscovici warned of uneven improvements across the 28 member states but said that for 2016, the EU economies will "see growth rising and unemployment and fiscal deficits falling." ...
  • European Central Bank ready to give eurozone more stimulus

    09/03/2015 7:56:02 AM PDT · by Olog-hai
    Associated Press ^ | Sep 3, 2015 10:47 AM EDT | David McHugh and Pan Pylas
    The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus if turmoil in China and weaker global growth hurt its modest recovery, President Mario Draghi said Thursday. Market volatility, concern over the effects of a looming interest rate increase in the U.S. and a drop oil prices have spawned uncertainty over the global economy, leading the ECB to cut its inflation and growth forecasts for the eurozone. Draghi said the ECB can add to its €1.1 trillion ($1.2 trillion) program if needed to raise inflation or support growth. […] The stimulus is intended to...
  • More on the (democrat Chris Dodd's) scandalous AIG billions of our taxpaying $$$ to foreign entities

    03/23/2009 5:32:47 PM PDT · by Milagros · 4 replies · 457+ views
    At least Campbell Brown of CNN ( has mentioned it today. A.I.G. Reveals Biggest Beneficiaries of Its Rescue March 15, 2009, 5:16 pm E-mail This Update | 8:49 p.m. The American International Group on Sunday released the names of financial institutions that benefited last fall when the Federal Reserve saved it from collapse with an $85 billion rescue loan and then three subsequent bailouts. The disclosure included counterparties to both its credit default swap operations and its securities lending businesses, both of which contributed heavily to A.I.G.’s troubles, as well as to muncipalities who participated in certain investment programs. All...
  • Report: Solyndra Misrepresented Facts to Get Loan Guarantee

    08/26/2015 9:22:15 AM PDT · by BenLurkin · 17 replies
    ABC ^ | KEVIN FREKING Associated Press
    A four-year investigation has concluded that officials of the solar company Solyndra misrepresented facts and omitted key information in their efforts to get a $535 million loan guarantee from the federal government. The company's collapse soon after getting federal backing provided ammunition to lawmakers and other critics who portrayed President Barack Obama's economic stimulus program as wasteful government spending. The company's failure likely will cost taxpayers more than $500 million. "In our view, the investigative record suggests that the actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally...
  • Obama Agrees to Massive Stimulus Plan… For Iran.

    07/17/2015 2:51:08 PM PDT · by dragonblustar · 39 replies ^ | July 16, 2015 | Scot Vorse
    On Tuesday, President Obama signed an agreement that equates to a $1,300 impact on every family in America — one of the largest stimulus packages in history. The only problem is that this money is not going to help put food on the table of struggling Americans. In fact, quite the opposite. This money is the $150 billion signing bonus that the Obama administration is giving Iran as part of the nuclear deal. And what is worse, National Security Adviser Susan Rice said on Wednesday’s Situation Room on CNN, “We should expect” that some of the money Iran gets as...
  • Baltimore: More money and more violence (With a Pelosi connection)

    06/07/2015 4:28:01 PM PDT · by 2ndDivisionVet · 11 replies
    The Nevada Appeal ^ | June 7, 2015 | Guy W. Farmer, retired diplomat.
    The federal government has been throwing taxpayer money at Baltimore for more than 60 years — ever since Nancy Pelosi’s father, Thomas D’Alesandro, Jr., was mayor of that troubled city (1947-59) — and what have been the results of that multi-billion-dollar federal investment in “Charm City?” You know the results as well as I do: widespread poverty and rampant violence. There were nine murders and more than 30 shootings in Baltimore over the Memorial Day weekend, bringing the city’s homicide toll to its highest point in more than 15 years. Baltimore had 41 murders in May, the most in a...
  • It's Official: The "Helicopter Money" Calls Have Begun (A new "Stimulus")

    06/02/2015 9:05:36 AM PDT · by tcrlaf · 23 replies
    zerohedge ^ | 6-2-2015 | Durden
    Towards the end of April, we discussed how QE has led to a global deflationary supply glut. This is a theme we’ve been building on for a while now and, as noted on Monday, it is perhaps nowhere more evident than among US oil producers. SNIP---- Sure enough, the semi-official helicopter cash drop call is here via Bloomberg View’s Clive Crook. Abandon all sound money faith ye who read on: But QE isn't unconventional any longer. It mostly worked, the evidence suggests. The world avoided another Great Depression. Yet even in the U.S., this is a seriously sub-par recovery; growth...
  • Not enough money? Baltimore got $1.8 billion from Obama Stimulus

    05/05/2015 1:40:52 AM PDT · by blueyon · 7 replies
    American Thinker ^ | 5/04/15 | Thomas Lifson
    Last Tuesday, President Obama blamed the GOP-controlled Congress for its failure to fund the “massive investment in urban communities” that could “make a difference.” Well, how does $1.8 billion for the 622,000 people of Baltimore sound? Pretty massive – actually, just about $2900 for every man, woman, child, and baby of the entire City of Baltimore. But that’s the total amount of Obama Stimulus money sent to Charm City, according to an analysis by The Free Beacon:
  • Not enough money? Baltimore got $1.8 billion from Obama Stimulus

    05/04/2015 7:51:13 AM PDT · by SeekAndFind · 37 replies
    American Thinker ^ | 05/04/2015 | Thomas Lifson
    Last Tuesday, President Obama blamed the GOP-controlled Congress for its failure to fund the “massive investment in urban communities” that could “make a difference.” Well, how does $1.8 billion for the 622,000 people of Baltimore sound? Pretty massive, actually just about $290 for every man, woman, child, and baby of the entire City of Baltimore. But that’s the total amount of Obama Stimulus money sent to Charm City, according to an analysis by The Free Beacon:  The city of Baltimore received over $1.8 billion from President Barack Obama’s stimulus law, including $467.1 million to invest in education and $26.5...
  • Pres. Candidate Bernie Sanders: $1 Trillion Infrastructure Bill Could Lower Youth Unemployment

    05/03/2015 5:37:17 AM PDT · by SeekAndFind · 49 replies
    Pajamas Media ^ | 05/02/2015 | by Nicholas Ballasy
    [1]WASHINGTON — Sen. Bernie Sanders (I-Vt.) said at a town hall meeting the minimum wage should be raised to $15 per hour and advocated for expanding Social Security benefits.“If one person is making $18 million and another person is making $118,000 a year, who pays more into Social Security? Neither, they’re paying the same because there is a cap upon which after you, at a certain level, you don’t pay anything more and that level is about $118,000,” Sanders said at the meeting in Washington.“If you lift that cap, and you don’t have to start at $119,000, you can...
  • It’s 2015…Let the ARRA/Obamacare EHR Penalties Begin!

    02/24/2015 8:51:42 AM PST · by Oldpuppymax · 11 replies
    Coach is Right ^ | 2/24/15 | Michael D. Shaw
    A few weeks ago, I had an appointment with my dermatologist–an old school guy, well-loved by his patients. He’s straightforward, no-nonsense, and has long office hours. You know the type: The one you hope will never retire. As I was led to the examining room, I noticed something not too common these days–shelf after shelf of medical records in manila folders. When the doc came into the room, I commented that he did not appear to be an early adaptor of electronic health records (EHRs). He replied that it was definitely worth the Medicare reimbursement penalty (starting in 2015) to...
  • APNewsBreak: Obama ties foreign profits tax to public works

    02/01/2015 12:20:37 PM PST · by Olog-hai · 34 replies
    Associated Press ^ | Feb 1, 2015 11:18 AM EST | Jim Kuhnhenn and Andrew Taylor
    President Barack Obama’s budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. The proposal, one of the main components of the $4 trillion spending plan for the 2016 budget year that Obama will send to Congress on Monday, attempts to tap into bipartisan support for spending on badly needed infrastructure repairs and construction. The tax on accumulated foreign profits would be set at 14 percent and due immediately. Under current law,...
  • Eurozone deflation hits –0.6%

    01/30/2015 6:32:21 AM PST · by Olog-hai · 13 replies
    European Voice ^ | 01/30/2015 11:42 CET | Dave Keating
    The eurozone experienced negative inflation for the second month in a row, according to a flash estimate published today (30 January) by Eurostat, the European Union’s statistical office. Inflation is expected to be at −0.6%, with consumer prices falling further than economists had forecast. The fall represents the biggest decline in prices in the history of the euro. […] The drop was driven by the fall in energy prices (−8.9%, compared with −6.3% in December). […] The deflationary spiral comes as Mario Draghi, the president of the European Central Bank (ECB), is trying to tackle deflation with a policy of...
  • Obama calls for spending surge, buoyed by rising economy

    01/29/2015 6:14:59 PM PST · by Olog-hai · 45 replies
    Associated Press ^ | Jan 29, 2015 8:14 PM EST | Josh Lederman and Andrew Taylor
    Declaring an end to “mindless austerity,” President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping budget cuts both parties agreed to four years ago when deficits were spiraling out of control. Obama’s proposed $74 billion in added spending—about 7 percent—would be split about evenly between defense programs and the domestic side of the budget. Although he’s sought before to reverse the “sequester” spending cuts, Obama’s pitch in this year’s budget comes with the added oomph of an improving economy and big recent declines in federal deficits. Taking a defiant tone,...
  • Thanks a lot, austerity! We could have had 2014's economic recovery in 2011 (What austerity?)

    01/28/2015 6:13:04 PM PST · by 2ndDivisionVet · 12 replies
    The Week ^ | January 28, 2015 | Ryan Cooper
    ast year boasted the strongest job numbers since 1999, and as a result, many commentators have concluded that left-wing critics of austerity were wrong all along. The basic case — advanced by Jeff Sachs, Scott Sumner, and others — is that the surge in growth and jobs proves that austerity is not the poison its detractors claimed it would be. These commentators make some good points. But they are wrong about austerity. A close examination of the counterfactuals shows that austerity almost certainly held back the recovery — and without it, we might have had 2014's strong numbers in 2011....
  • Global economy hopes raised after European stimulus

    01/24/2015 10:50:50 PM PST · by Tolerance Sucks Rocks · 18 replies
    12 News ^ | January 25, 2015 | Pan Pylas
    DAVOS, Switzerland (AP) - The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the global economy following a period of underperformance that has prompted many forecasters to reduce their growth forecasts. "Lower oil prices and the big decision by ECB could further improve world economic outlook," said Haruhiko Kuroda, governor of the Bank of Japan.
  • ECB unveils €1.1 trillion stimulus plan (European Central Bank; $1.25 trillion)

    01/22/2015 2:15:52 PM PST · by Olog-hai · 10 replies
    EU Observer ^ | 01/22/2015 18:09 | Benjamin Fox
    The European Central Bank will plough €1.1 trillion into the eurozone economy in a last-ditch attempt to breathe life into the European economy. At its monthly governing council on Thursday (January 22), the bank’s governing council agreed to start buying up to €60 billion of government bonds from March in an unprecedented quantitative easing program. The program is open-ended, and will run until September 2016 at the earliest. Speaking at a press conference following the governing council meeting, ECB president Mario Draghi said that the bond-buying program would remain in place “until we see a sustained adjustment in the path...
  • Operation Helicopter: Could Free Money Help the Euro Zone?

    01/09/2015 1:19:20 AM PST · by Olog-hai · 8 replies
    Der Spiegel ^ | January 06, 2015 – 12:22 PM | Anne Seith
    It sounds at first like a crazy thought experiment: One morning, every resident of the eurozone comes home to find a check in their mailbox worth over €500 ($597) and possibly as much as €3,000. A gift, just like that, sent by the European Central Bank (ECB) in Frankfurt. The scenario is less absurd than it may sound. Indeed, many serious academics and financial experts are demanding exactly that. They want ECB chief Mario Draghi to fire up the printing presses and hand out money directly to the people. The logic behind the idea is that recipients of the money...
  • Shovel-ready: Stimulus funds still being spent on manure project

    12/09/2014 1:45:21 PM PST · by ButThreeLeftsDo · 6 replies ^ | 12/9/14 | Elizabeth Harrington
    Almost six years after the passage of the stimulus package, taxpayer dollars have finally found their way into a shovel ready project: $60,000 to haul horse manure. Sold as an opportunity to bring America into the “21st century,” the Recovery and Reinvestment Act, commonly known as the stimulus, is now being used to remove wild horse manure off of public lands.
  • ECB ready to pump €1 trillion into euro zone economy

    11/07/2014 3:51:45 PM PST · by TigerLikesRooster · 16 replies
    Irish Times ^ | Fri, Nov 7, 2014
    ECB ready to pump €1 trillion into euro zone economy Central bank ramps up efforts to rescue single currency bloc from deflation risk The European Central Bank is ready to inject up to €1 trillion of new liquidity into the euro zone economy as it ramps up efforts to rescue the single currency bloc from the risk of Japanese-style deflation, Mario Draghi confirmed yesterday. The ECB president also said the central bank’s governing council was unanimous in its commitment to use further unconventional tools, including quantitative easing, should economic conditions deteriorate. He added that the central bank had stepped up...
  • Last minute surprise: North Carolina investigating Kay Hagan over ‘conflict of interest’

    11/03/2014 5:37:06 PM PST · by Libloather · 20 replies
    Hotair ^ | 11/03/14 | Noah Rothman
    For about 20 minutes just after midnight on Sunday morning, The Charlotte Observer published a story detailing the apparent conflict of interest which could represent a violation of ethics by embattled Sen. Kay Hagan (D-NC). The story revealed the details of an investigation into Hagan’s family, which received hundreds of thousands of dollars in stimulus grants – grants which Hagan voted for as a member of the U.S. Senate. The story was the first time that the state’s largest paper, The Observer, had informed their readers of the nascent controversy, but Tar Heel residents had to read it fast. The...
  • Democratic Dogs That Aren't Barking

    10/31/2014 3:45:30 AM PDT · by Kaslin · 15 replies ^ | October 31, 2014 | Michael Barone
    Sherlock Holmes famously solved a mystery by noticing the dog that didn't bark in the night. Dogs that are not barking at night -- nor in prime time -- provide some useful clues to understanding the significance of this year's election. Contrary to the disparagement of some liberal pundits, this election is not about nothing. But is not about certain, specific things they might like to hear. President Obama recently said that Democrats in serious Senate and House contests this year back "every one" of his programs. But you hear very little about those programs in their ads. The stimulus...
  • How well did the Fed's stimulus work? ($4 TRILLION quantitative easing drawing to a close)

    10/28/2014 2:56:42 PM PDT · by Libloather · 30 replies
    MSN ^ | 10/28/14 | MATTHEW CRAFT
    NEW YORK — Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should be roughed up. Over the past five years, as the Fed has pumped ever-more money into the financial system, critics have warned that it would lead to all kinds of disasters. Yet the central bank kept extending its bond-buying program, known by the wonky name of quantitative easing, or QE. It was an unprecedented effort aimed at lowering borrowing costs, encouraging spending and reviving a dormant economy before it could slip back into...
  • Obama Appoints Democrat Operative Who Oversaw “Stimulus” Boondoggle as “Ebola Czar”

    10/18/2014 5:37:07 AM PDT · by george76 · 37 replies
    TPNN ^ | October 17, 2014 | Matthew Burke
    Even though earlier this week, the official Obama Regime spokesman, Josh Earnest, announced to the nation that there was no need for an “Ebola Czar,” Obama announced his new “Ebola Czar” on Friday, a Democrat Party operative with no experience in the health care or medical industries. Ron Klain, a lawyer who oversaw the implementation of the failed Obama 2009 Stimulus “Porkulus” plan, also served as chief of staff to buffoonish Democrat Vice President Joe Biden and global warming huckster and fraud, former vice president, Al Gore. Think Solyndra.
  • Hagan Husband Pocketed Stimulus Savings

    10/15/2014 3:14:06 AM PDT · by afraidfortherepublic · 19 replies
    The Weekly Standard ^ | 10-15-14 | Michael Warren
    A company owned by the husband of Democratic senator Kay Hagan of North Carolina received taxpayer money for a green energy project through the federal stimulus of 2009, later revising down the project's estimated cost and keeping the difference. Don Carrington at the Carolina Journal, a publication of the conservative John Locke Foundation, has the scoop on how JDC Manufacturing, co-owned by Chip Hagan kept savings from a stimulus grant instead of returning the money to taxpayers: The company’s original application stated the total project would cost $438,627, and said JDC would contribute “leveraged funds” amounting to $187,983, or 43...
  • Cronyism Kills

    10/13/2014 9:01:08 PM PDT · by grandpa jones · 4 replies
    Nuke ^ | 10/13/14 | nuke
    Remember 2009? The Obama regime promised a miracle economic recovery if only Congress would pass their mammoth economic stimulus bill. Shovel-ready jobs. Green, renewable energy. Smart Policies. Yada, yada, yada. This occurred to me as I saw some of the new Democrat ads blaming the GOP for Ebola. “Cuts Kill,” or something. Some $80 BILLION in the stimulus package was devoted to green energy, much of which was directed to campaign donors and other friends of the regime. In short order, many of those same companies began to fail. As Ashe Schow notes: So far, 34 companies that were offered...
  • An Ebola goof and an Obama crony (pocketed $30 Billion stimulus for faulty Texas tech)

    10/09/2014 5:23:53 AM PDT · by Liz · 13 replies ^ | 10/9/14 | MICHELLE MALKIN
    --snip-- Texas Health contracts with Epic Systems for its electronic-medical-records (EMR) system. Epic was founded by billionaire Judy Faulkner, a top Obama donor---the dominant EMR player in the US health-care market. The firm’s Top 10 PAC recipients are all Dem/lefty outfits: DCCC got nearly $230,000; DNC Services Corp. nearly $175,000.......Obama campaign-finance bundler, Faulkner, served as an adviser to WH health-information-tech guru David Blumenthal--in charge of dispensing EMR subsidies. Faulkner also served on the same committee Blumenthal chaired. Epic and other large firms lobbied aggressively for nearly $30 billion in 2009 stimulus subsidies. Epic has been the subject of rising industry...
  • Judy Faulkner Likely Has Your Medical Records (Meet the Billionaire Obama Crony in charge of it)

    05/25/2013 7:56:29 AM PDT · by SeekAndFind · 32 replies
    The Real Revo ^ | 05/23/2013
    Ms. Faulkner is worth two billion dollars. More than 40% of the U.S. population will have its medical information stored in an Epic digital medical record by 2013. Clients include many of the country’s top hospitals, including the Cleveland Clinic, Johns Hopkins, and Cedars-Sinai. Faulkner largely shuns the press and leads a modest lifestyle.” From Real Clear Politics: Who is Judy Faulkner? Chances are, you don’t know her — but her politically connected, taxpayer-subsidized electronic medical records company may very well know you. Top Obama donor and billionaire Faulkner is founder and CEO of Epic Systems, which will soon store...
  • Politico: Sen. Kay Hagan’s family directly profited from stimulus she voted to enact

    09/27/2014 4:26:59 PM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 09/27/2014 | Ed Morrissey
    Politico’s scoop on Kay Hagen is a couple of days old, but it’s worth mentioning in a tight Senate race in North Carolina, and not just for the scoop itself. Hagan’s vote on the 2009 stimulus package has come under fire after Politico discovered that $390,000 in ARRA grants went to a firm owned in part by her husband Chip: When Kay Hagan voted for President Barack Obama’s 2009 economic stimulus package, the Democratic senator hailed it as “the best way forward for working families across North Carolina.”One of the families that later benefited is her own.JDC Manufacturing, a...
  • Stimulus bill enabled billions in waste, exploitation of employees

    09/08/2014 7:43:45 PM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 09/08/2014 | Ed Morrissey
    When Barack Obama and the Democrats on Capitol Hill forced the $800 billion stimulus bill into law, they insisted that waste, fraud, and abuse would not be tolerated. They put “Sheriff” Joe Biden on the case in March 2009, with Obama warning stimulus recipients that “around the White House, we call him the Sheriff — because if you’re misusing taxpayer money, you’ll have to answer to him.” The Department of Transportation employees gathered for the speech laughed at that statement, according to the White House transcript — and well they should have. An in-depth report from McClatchy and ProPublica...
  • Taxpayers and workers gouged by labor-law dodge: 2009 stimulus cheated taxpayers and workers

    09/05/2014 9:52:34 AM PDT · by SeekAndFind · 9 replies
    McClatchy DC ^ | 09/05/2014 | By Mandy Locke and Franco Ordońez
    <p>The largest government infusion of cash into the U.S. economy in generations – the 2009 stimulus – was riddled with a massive labor scheme that harmed workers and cheated unsuspecting American taxpayers.</p> <p>At the time, government regulators watched as money slipped out the door and into the hands of companies that rob state and federal treasuries of billions of dollars each year on stimulus projects and other construction jobs across the country, a yearlong McClatchy investigation found.</p>
  • Survey: Economists say Fed is on ‘the right track’

    08/24/2014 11:50:29 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Aug 25, 2014 12:39 AM EDT | Ken Sweet
    A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists. The survey also showed that a vast majority of economists believe the U.S. economy is at little risk of inflation in the coming years. In the association’s semiannual survey, 53 percent of economists said the Fed’s stimulus programs were “on the right track” for the U.S. economy while 39 percent thought the Fed was doing too much. …
  • Obama’s Economy In Action! Data Shows Cash For Clunkers Was An Epic Debacle

    08/10/2014 2:43:53 AM PDT · by afraidfortherepublic · 36 replies
    The Daily Caller ^ | 8-10-14 | Eric Owens
    “Cash for Clunkers,” the 2009 Obama administration stimulus program designed to spend $2.85 billion to jumpstart the auto industry, turned out to be a complete disaster — for the auto industry. In the minds of Obama’s team of advisers and economists, the program made total sense, of course. The plan was to dangle a $4,500 credit to persuade car owners to trade in their older automobiles for new cars with better fuel efficiency. It would stimulate an economy then in the midst of a deep recession. As a bonus, it would mean less oil consumption and cleaner-running cars. The law...
  • Oops! Obama’s Cash for Clunkers program ‘actually lowered total new vehicle spending’

    08/07/2014 10:06:33 PM PDT · by 2ndDivisionVet · 12 replies
    The American Enterprise Institute ^ | August 4, 2014 | James Pethokoukis
    Back in 2008, economist Alan Blinder called the idea of a “cash for clunkers” federal rebate plan “the best stimulus idea you’ve never heard of.” But more and more analysis of the program suggests “cash for clunkers” will be a stimulus idea we’ll never hear of again. “Cash for Corollas: When Stimulus Reduces Spending by Mark Hoekstra, Steven Puller, and Jeremy West finds the programs merely pulled forward car sales from the subsequent seven to nine months and thus “had no impact on the number of vehicles sold.” This counters the Obama White House claim that “a substantial proportion of...
  • White House: Those bridges we promised to fix back in 2009 are totally falling apart

    07/15/2014 2:03:53 PM PDT · by SoFloFreeper · 33 replies
    Twitchy ^ | 7/15/14 | Twitchy Staff
    Five years ago, Democrats spent $700 billion on “fiscal stimulus,” much of which was supposed to consist of “public-works projects to repair the nation’s crumbling infrastructure.”