Posts Tagged “Stimulus”

Worth the read.
From Congressman Mike Pence and the House Republican Conference.

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Tags: America’s Affordable Health Choices Act of 2009, Bailout, Energy Police, George Bush, H.R. 3200, Liberal bullshit, Medicaid, Medicare, Mike Pence, Obama is a liar, Stimulus, Wealth redistribution

U.S. Rep. Mark Souder announced today that he is cosponsoring H.R. 4219, the National Commission on American Recovery and Reinvestment Act, which would set-up a ten member, bipartisan panel to provide oversight and accountability to prevent fraud, waste, and abuse relating to stimulus funds.

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Tags: Mark Souder, Stimulus

In response to Drudge “outing” the USDA for spending stimulus dollars, they issued a press release. In it, they stated the following:

Response to Drudge Item on Recovery Act Funding
Statement from Agriculture Secretary Tom Vilsack

[...]

The references to “2 pound frozen ham sliced” are to the sizes of the packaging. Press reports suggesting that the Recovery Act spent $1.191 million to buy “2 pounds of ham” are wrong. In fact, the contract in question purchased 760,000 pounds of ham for $1.191m, at a cost of approximately $1.50 per pound.

Drudge fired back with this headline:

Agriculture Sec. Vilsack: ‘Purchased 760,000 Lbs of ham at cost of approximately $1.50 per pound’…
FOOD LION: $.79 Lb…

Who’s running this country?

Tags: Agriculture Secretary Tom Vilsack, Asshole, democrat corruption, democrats are evil, Drudge, Fascism, Liberal bullshit, Obama fail, Obamassiah, Porkulus, Stimulus

The Obamassiah is now 3.4 million jobs below where they should be to create 3.675 million jobs by the end of 2010.

Click to enlarge
Source: Carl Rove

So just how’s that stimulus thing working for you Barry?

Tags: Barack Hussein Obama, Employee Free Choice Act, Harry Reed, Liberal bullshit, Nancy Pelosi, Obama fail, Porkulus, Stimulus

A lot of people moan about jobs going overseas in spite of the fact we’re living in a global economy. Well, we were until Obama came along, and up north in Canada they’re plenty upset.

From WaPo:

Ordered by Congress to “buy American” when spending money from the $787 billion stimulus package, the town of Peru, Ind., stunned its Canadian supplier by rejecting sewage pumps made outside of Toronto. After a Navy official spotted Canadian pipe fittings in a construction project at Camp Pendleton, Calif., they were hauled out of the ground and replaced with American versions. In recent weeks, other Canadian manufacturers doing business with U.S. state and local governments say they have been besieged with requests to sign affidavits pledging that they will only supply materials made in the USA.

Makes you wonder how much more we spent ripping them out of the ground? Canada is firing back.

Outrage spread in Canada, with the Toronto Star last week bemoaning “a plague of protectionist measures in the U.S.” and Canadian companies openly fretting about having to shift jobs to the United States to meet made-in-the-USA requirements. This week, the Canadians fired back. A number of Ontario towns, with a collective population of nearly 500,000, retaliated with measures effectively barring U.S. companies from their municipal contracts — the first shot in a larger campaign that could shut U.S. companies out of billions of dollars worth of Canadian projects.

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Tags: Barack Hussein Obama, Fascism, Porkulus, Stimulus, unemployment

China’s Premier Wen Jiabao is worried about their investments in U.S. Treasuries. Now he wants Barry to guarantee their safety.

Analysts estimate that nearly half of China’s $2 trillion in currency reserves are in U.S. Treasuries and notes issued by other government-affiliated agencies.

Washington is counting on China to continue buying Treasuries to fund its $787 billion stimulus package. Last month, visiting Secretary of State Hillary Rodham Clinton sought to reassure Beijing that government debt would remain a reliable investment.

“They are worried about forever-rising deficits, which may devalue Treasuries by pushing interest rates higher,” said JP Morgan economist Frank Gong. “Inside China there has been a lot of debate about whether they should continue to buy Treasuries.”

From Bloomberg :

Ten-year notes headed for a weekly decline as Japan and China signaled they will take additional measures to boost their economies. China, the U.S. government’s largest creditor, is asking “the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China’s assets,” Wen said today in Beijing.

If you recall, back in January Treasury Secretary Timmy Geithner said President Barry believes China is “manipulating” its currency. That’s something American manufacturers have long sought to combat the soaring U.S. trade deficit with China.

So what happens if China is seen as a currency manipulator? Under U.S. trade law, that designation could result in U.S. economic sanctions against China. Let the trade wars begin. Barry has plenty to be worried about. The trade gap with China increased to $20.6 billion in December, up from $19.9 billion in November as U.S. exports to China dropped faster than imports.

Obama’s failed “Buy American” plan is still lurking in the minds of many countries that export to the U.S., and they fear the Obamassiah will implement some form of “trade protectionism.” He only needs to look back at the last economic depression for the answer.

From Stewart Patrick:

In the 1930s, global recession had catastrophic political consequences—in part because policymakers took exactly the wrong approach. Starting with America’s own Smoot Hawley Tariff of 1930, the world’s major trading nations tried to insulate themselves by adopting inward looking protectionist and discriminatory policies. The result was a vicious, self-defeating cycle of tit-for-tat retaliation. As states took refuge in prohibitive tariffs, import quotas, export subsidies and competitive devaluations, international commerce devolved into a desperate competition for dwindling markets. Between 1929 and 1933, the value of world trade plummeted from $50 billion to $15 billion. Global economic activity went into a death spiral, exacerbating the depth and length of the Great Depression. More [here].

Yet through all of this, Obama continues to talk about punishing companies that send manufacturing jobs overseas. Speaking of seas. Obama’s budget contains a 13% excise tax on offshore oil and gas production in the Gulf of Mexico. Oh great! Lets punish the American oil and gas producers. What a great way to send more of our money overseas. But hey, we can always borrow more from China, right? Even the Russians are are running low on cash. They’re signing a 20-year deal for oil sales to China in return for a $25 billion loan.

Meanwhile, back at sea… China says we’re spying on them and the US Navy has dispatched destroyers to escort our non-weapon equipped surveillance voyages. I guess you can hold a gun to your banker’s head.

Maybe Obama could get some guidance from Wal*Mart? Oh wait, I forgot. Evan Williams, one of the kids that co-founded Twitter was summoned by Barry to a summit in Washington DC to discuss the current economic crisis. Barry can sure pick them. Twitter doesn’t even have a revenue model. That’s right, while Twitter is wildly popular, they live off of venture capital, i.e. loans, (read:no income).

Go figure.

AWB

Tags: Barack Hussein Obama, China, Pork, Porkulus, Socialism, Stimulus, Wen Jiabao

Part of the Porkulus plan includes $1.7 million for pig odor research in Iowa.

From Political Pitstop

The bill, which critics slammed as larded with pork, has big bucks to combat putrid stenches in the heartland, with $1.7 million for “Swine Odor and Manure Management Research.”

That’s on top of $1.9 million in each of the last two years, or nearly $6 million over the last three years.

The swine research center, at Iowa State University in Ames, got funds through the Agricultural Research Service, and aims to improve the smell of animals and the lagoons where waste is stored.

How in the hell does that stimulate the economy and “create” jobs? I’m surprised there’s not a plan on how to improve the odor of smelly people riding inner city buses.

AWB

Tags: pig odor, Porkulus, Stimulus

Mitch Daniels’ office has launched a new web site, INvest.in.gov to provide Hoosier citizens with information on how the state of Indiana will utilize stimulus funds.

Another good source of information is SimulusWatch.org. The Fort Wayne listings as submitted by the mayor’s office as “shovel ready” projects can be seen here. The total cost of all the projects submitted by Fort Wayne is $573,317,630.

Tags: shovel ready, Stimulus, Tom Henry

So now the great one and his chief of staff Rahm Emanuel have turned from trying to fix the economy to picking a schoolyard rumble with Rush Limbaugh. How mature is that? Emanuel calls Limbaugh “an intellectual force” and voice of GOP. I don’t see anything “intellectual” coming from their side of the aisle. How about turning your focus away from Rush and towards fixing things? I cannot recall a single like event anytime during the eight years G.W. Bush held office.

Since November 4th, when the Obamassiah was elected, the Dow has tumbled over 25%. As Obama and company continue their march towards socialism, Wall Street continues to respond with a big “no confidence vote”. When you consider the bulk of Obama’s porkulus screwing of the U.S. economy is going towards social programs, its no wonder. On top of that, this so-called “stimulus bill” contains 9,000 earmarks.

Obama is raping the system that has worked for decades in this county. It’s called capitalism. Instead of rewarding America’s job creators, he wants to punish them. Instead of incentivizing those disinclined to work, he’s giving them a reason to sit this one out on their collective asses. Someone else will pay the bills for them, why should they worry?

His foreign policy is fast becoming one of holding hands with those that embrace communism, fascism and dictatorial rule. He’s sent olive branches to Iran and Moscow, and is now going to send $900 million dollars of your money to Palestine.

He’s also turned his eye on socializing the U.S. healthcare system. As a direct result, healthcare stocks are the newest victim of Obama’s economic tailspin, and are shedding value with each passing day.

Today Obama is sending his Treasury secretary and budget director to Capitol Hill to defend his plan to start taxing industries on greenhouse-gas emissions, also known as cap and trade. If he succeeds, your electric bill will purportedly increase anywhere from 15% – 40%, gasoline prices up anywhere from 9% -145%, and natural gas prices from 12% -50%, all within the next 6 years.

Obama’s supporters, always wrapped up in class resentment, can’t see the forest through the trees. The love the über-partisan environment on capital hill, and walk blindly following “The One” down the path of failure.

He’s not going to change, and Limbaugh doesn’t need to hope he’ll fail, he’s well on his way.

AWB

Tags: Bailout, Barack Hussein Obama, Fascism, Pork, Rahm Emanuel, Rush Limbaugh, Stimulus

He [Mayor Henry] hopes to improve that mark this year by working more aggressively to improve the economy and to jump-start Harrison Square and other lagging big-money projects started by his predecessor, Graham Richard.

“For those naysayers out there who are criticizing Harrison Square as a bad idea … I’m going to have to take them to task on that. (But) we need to get the hotel finished. We need to complete Harrison Square,” Henry said Tuesday during an interview with The News-Sentinel and NewsChannel 15. “I’m hoping it will be built sooner rather than later.”

Get the hotel finished? It hasn’t even started. Why does the city of Fort Wayne need to complete Harrison Square? Beyond the stadium, it’s a private enterprise project. Hmmm.. makes you wonder if the stench of more subsidized HS welfare is wafting through the 9th floor.

Henry said the city may try to coordinate the effort to obtain financing for the projects by bringing a pool of potential lenders to the table.

Developers say they remain committed to the behind-schedule projects, but some have criticized the city for not doing more to contractually assure their timely performance by the developers. But Henry said penalizing the city’s private partners now might do more harm than good.

“We have fall-back positions, certainly,” he said “But what does that get us, really?”

Fall-back? I can hear it now, let’s rob the city’s light-lease fund, then loan some money to White Lodging so they can complete the project. They can call it Fort Wayne’s economic stimulus plan. After all, we can collect interest on it and then we can also start paying White Lodging the guaranteed profits we promised.

If White Lodging and Barry Real Estate cannot deliver, maybe it’s time to put the call out to other developers and see what ideas they can bring to the table. Maybe that will light a fire under someone’s posterior.

AWB

Tags: Hardball Capital, Harrison Square, Stimulus, Tom Henry, White Lodging

From Reverent & Free:

The Party of No
CNN has a list of stimulus proposals deemed “wasteful” by GOP leadership. Some of my favorites:

-$1.4 billion for rural waste disposal programs.

-$500 million for flood reduction projects on the Mississippi River.

-$10 million to inspect canals in urban areas.

-$1.2 billion for “youth activities,” including youth summer job programs.

-$500 million for state and local fire stations.

At least we know what the priorities of the national GOP don’t involve. Their priorities don’t involve protecting farmlands from pollution or flood prevention. Their priorities don’t include helping out our nation’s young. The GOP apparently considers it wasteful to fund local fire stations.

None of the above programs are going to stimulate the economy or create any worthwhile or long-term employment.

In traditional leftard fashion, Mr. Skinner hand picked a few items from the article, and left out the balance. Here’s the entire list:

• $2 billion earmark to re-start FutureGen, a near-zero emissions coal power plant in Illinois that the Department of Energy defunded last year because it said the project was inefficient.

• A $246 million tax break for Hollywood movie producers to buy motion picture film.

• $650 million for the digital television converter box coupon program.

• $88 million for the Coast Guard to design a new polar icebreaker (arctic ship).

• $448 million for constructing the Department of Homeland Security headquarters.

• $248 million for furniture at the new Homeland Security headquarters.

• $600 million to buy hybrid vehicles for federal employees.

• $400 million for the Centers for Disease Control to screen and prevent STD’s.

• $1.4 billion for rural waste disposal programs.

• $125 million for the Washington sewer system.

• $150 million for Smithsonian museum facilities.

• $1 billion for the 2010 Census, which has a projected cost overrun of $3 billion.

• $75 million for “smoking cessation activities.”

• $200 million for public computer centers at community colleges.

• $75 million for salaries of employees at the FBI.

• $25 million for tribal alcohol and substance abuse reduction.

• $500 million for flood reduction projects on the Mississippi River.

• $10 million to inspect canals in urban areas.

• $6 billion to turn federal buildings into “green” buildings.

• $500 million for state and local fire stations.

• $650 million for wildland fire management on forest service lands.

• $1.2 billion for “youth activities,” including youth summer job programs.

• $88 million for renovating the headquarters of the Public Health Service.

• $412 million for CDC buildings and property.

• $500 million for building and repairing National Institutes of Health facilities in Bethesda, Maryland.

• $160 million for “paid volunteers” at the Corporation for National and Community Service.

• $5.5 million for “energy efficiency initiatives” at the Department of Veterans Affairs National Cemetery Administration.

• $850 million for Amtrak.

• $100 million for reducing the hazard of lead-based paint.

• $75 million to construct a “security training” facility for State Department Security officers when they can be trained at existing facilities of other agencies.

• $110 million to the Farm Service Agency to upgrade computer systems.

• $200 million in funding for the lease of alternative energy vehicles for use on military installations.

Funny, when the GOP acts with intelligence and responsibility and outs the Democrats for being the wasteful spend-free liberals we all remember, the lefties get up in arms.

According to the democrats we need to help the hollywood left buy motion picture film, buy furniture for Homeland Security headquarters, buy hybrid vehicles for federal employees, spend $125 million for the Washington sewer system, (why not give Fort Wayne the money they need??), and among the most stupid, $160 million for “paid volunteers” at the Corporation for National and Community Service?

Sorry, that’s quite oxymoronic. “Paid volunteers?”

If you want to stimulate the economy, stimulate it by creating wealth and jobs, not social programs and more federal spending on the kingdom.

The more things change, the more they stay the same.

AWB

Tags: Bailout, Barack Hussein Obama, fort wayne sewage, Obamassiah, Radical Left, Stimulus, Wealth redistribution