A123 Systems, a Massachusetts-based battery manufacturer, received $249 million from Barack Obama’s failed stimulus program. At the time they received the money, A123 pledged that the nearly quarter-billion-dollar stimulus money would lead to the creation of thousands of new jobs. Said company President David Vieau when the company opened a factory in Livonia, Mich., in [...]
The President Barack Hussein Obama administration, between 2009 and 2011, gave out $9 billion in stimulus money for solar and wind projects. As a result, 910 long-term “direct” jobs, those that are operation and maintenance oriented, were created. At the same time, 4,600 “indirect” jobs, those indirectly supported by the operation and maintenance jobs, were [...]
Winning The Future, anyone remember that one? That was President Obama’s scheme to rebuild the American economy on among other things, high speed rail. In his 2011 State of the Union address he said, “This is our generation’s Sputnik moment. … The third step in winning the future is rebuilding America. To attract new businesses [...]
More news of the stimulus’s failure emerged this week with CBO’s report citing how it may have cost $4.1 million per job, but the story that should be on everyone’s minds concerning the Obama’s agenda is California’s high speed rail project. Calls for a high speed rail system by the Obama administration have been enhanced [...]
Do you believe you can cool your kitchen by opening the refrigerator door? Please tell me you know better. Sure, you’ll get a cool spot just in front of the fridge, but overall you’ll be heating the kitchen with all the heat being pumped out the back. Come on, everyone knows that. Then why on [...]
Have you ever heard of Transportation Investment Generating Economic Recovery (TIGER)? Well, it’s into its third round of grants, hence TIGER III. As Part of the Obama Administration’s “We Can’t Wait” Initiative (a ruse he uses to bypass Congress), the Department of Transportation (DOT) announced the awarding of “Job-Creating Grants.” Transportation Secretary Ray LaHood announced [...]
This is no surprise to the American people!
DOE Inspector General Testifies Department of Energy (DOE) Inspector General Gregory Friedman’s testimony on Wednesday, November 2, 2011, before the House Oversight and Government Reform Committee reinforces Republicans’ claim that Solyndra‘s bankruptcy is proof of how wasteful the Obama administration’s stimulus plan has been. Friedman testified that investigations involved “various schemes, including the submission of [...]
If you aren’t furious, you aren’t paying attention. In case you’ve missed it, your money has been the fodder for some of the most poorly vetted investments ever, and not by Wall Street or the banking industry. Thanks in part to this article by Doug Stewart ( @dmatthewstewart on Twitter) and further conversation on the [...]
