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Tag: "GAO"

Michele Bachmann's Chinese Chips Comment Ignored

While Rick Perry’s “Oops” moment is one of the most reported from Wednesday night’s debate, Rep. Bachmann dropped a bomb on the stage that seems to have largely been ignored by the media – Chinese counterfeit computer components are showing up in U.S. defense weapon systems. As long ago as 2005, Bloomberg reported that fake […]

GAO:TARP Has Done Two Things, "Jack and Squat"

GAO:TARP Has Done Two Things, “Jack and Squat”

In the Government Accounting Office’s October “Report to Congressional Committees” on TARP, it is apparent that TARP’s success.. isn’t that apparent. The report recommends filling important positions with permanent staff instead of the consultants currently manning them, but what really stands out is when the GAO attempts to quantify the success of the program.  The […]