Search This Blog

Showing posts with label stimulus. Show all posts
Showing posts with label stimulus. Show all posts

Thursday, September 15, 2011

THE DAILY BAIL IS SO FULL OF OUTRAGEOUS STORIES THAT YOU NEED TO GO AND TAKE A LOOK BECAUSE

http://dailybail.com/

For starters, Bernanke wants to bail out Europe, (there's going to be a global dollar free for all) and he doesn't know which of the foreign banks the Feds $500 billion went to.

And other tasty delights!

Here's another that should be wearing stripes.

Sunday, July 17, 2011

OBAMA "STIMULATES" HIS BOYHOOD HOME - INDONESIA - AND STONEWALLS ATTEMPTS TO LET US KNOW! WE'RE PAYING FOR IT.

Obama stimulates Jakarta

Enviro-grants and loans blow billions on foreign and domestic scams

Rep. Fred Upton, Michigan Republican and incoming chairman of the Energy and Commerce Committee, said he "will put a microscope" on the Environmental Protection Agency, the Federal Communications Commission, the Food and Drug Administration, stimulus spending and the health care law. (Associated Press)Rep. Fred Upton, Michigan Republican and incoming chairman of the Energy and Commerce Committee, said he “will put a microscope” on the Environmental Protection Agency, the Federal Communications Commission, the Food and Drug Administration, stimulus spending and the health care law. (Associated Press)

President Obama now claims there’s only $2 billion he can cut out of this year’s $3.6 trillion in federal outlays. That's about a 0.05% reduction in spending. He’s not looking very hard. The administration’s trillion-dollar “stimulus” spending spree spread millions in U.S. taxpayer dollars around places like the president’s boyhood home, Indonesia. Money that stayed within the country often wound up in the hands of debt-riddled, fly-by-night firms. This week, the White House continued to stonewall attempts to get to the bottom of where our money has been going.
On Friday, the House Energy and Commerce Committee delivered a subpoena to the Office of Management and Budget (OMB) ordering the disclosure of documents related to the $535 million loan guarantee the Department of Energy gave to Solyndra Inc. This firm has been dear to Democratic luminaries, from Energy Secretary Stephen Chu to the president himself. “The true engine of economic growth will always be companies like Solyndra,” Mr. Obama said during a May 2010 visit.
The loan was meant to prop up a plant that would produce solar panels, ensuring the country would become more “green.” Instead, Securities and Exchange Commission filings show Solyndra’s books are nothing but red. The outfit lost $518,694,000 between 2007 and 2010 despite the massive infusion of public cash and private venture capital. OMB refused to disclose any documents that would shed light on why the government approved loans to this particular company.
The firm’s private investors include major donors to the Democratic Party, as do other recipients of the $11 billion Department of Energy slush fund used to dole out cash to so-called “clean technologies.” Absent these massive subsidies, the solar power industry would be about as large as the sundial manufacturing industry. Nonetheless, the Obama administration is desperate to paint intermittent energy sources as “the future.” It has no qualms about pouring billions in other people’s money into any product bearing the “green” label, even if that means handing over sacks of cash to foreigners.
The committee’s oversight staff has also turned the spotlight on Environmental Protection Agency (EPA) funding of 320 programs that dole out nearly $100 million in U.S. taxpayer cash to stimulate economies overseas. The Chinese government pocketed $718,000 from taxpayers in a grant supposedly to help the Middle Kingdom meet international air-quality emissions targets. Thailand’s government was handed $700,000 to harness the power of pig flatulence as “renewable energy.” The EPA gave Interpol $150,000 to prop up a program to detect “fraud” in Europe’s carbon-trading markets, which were specifically designed to make global warming hysteria profitable. The United Nations took home $1,226,841 to browbeat Third World countries into pumping pointless ethanol into their gas tanks.
After making deeper inquiries, the staff found a public-relations campaign known as “Breathe Easy, Jakarta” had been listed as costing $15,000. The EPA’s actual expenditures on this project will total $1.5 million. The Obama administration’s outrageous spending at home is bad enough. There’s no reason to spend millions exporting American bureaucracy to countries that are better off without it.

Thursday, January 22, 2009

White construction workers (mostly males) will be shut out of the stimulus to come.

This is racist. This is directly from Robert Reich's blog.

I make NO apologies for saying this. Remember Reich from the Clinton days?



Thursday, January 08, 2009

The Stimulus: How to Create Jobs Without Them All Going to Skilled Professionals and White Male Construction Workers

The stimulus plan will create jobs repairing and upgrading the nation's roads, bridges, ports, levees, water and sewage system, public-transit systems, electricity grid, and schools. And it will kick-start alternative, non-fossil based sources of energy (wind, solar, geothermal, and so on); new health-care information systems; and universal broadband Internet access.

It's a two-fer: lots of new jobs, and investments in the nation's future productivity.

But if there aren't enough skilled professionals to do the jobs involving new technologies, the stimulus will just increase the wages of the professionals who already have the right skills rather than generate many new jobs in these fields. And if construction jobs go mainly to white males who already dominate the construction trades, many people who need jobs the most -- women, minorities, and the poor and long-term unemployed -- will be shut out.

What to do? There's no easy solution to either dilemma. But there's no reason to think about "green jobs" as simply high-tech. Many low-income and low-skilled workers -- women as well as men -- could be put directly to work providing homes and businesses with more efficient and renewable heating, lighting, cooling, and refrigeration systems; installing solar panels and efficient photovoltaic systems; rehabilitating and renovating old properties, and improving recycling systems. "Green Jobs Corps" teams could be trained to evaluate and advise homeowners and businesses on these and other means of conserving energy.

People can be trained relatively quickly for these sorts of jobs, as well as many infrastructure j0bs generated by the stimulus -- installing new pipes for water and sewage systems, repairing and upgrading equipment, basic construction -- but contractors have to be nudged both to provide the training and to do the hiring.

I'd suggest that all contracts entered into with stimulus funds require contractors to provide at least 20 percent of jobs to the long-term unemployed and to people withincomes at or below 200 percent of the federal poverty level. And at least 2 percent of project funds should be allocated to such training. In addition, advantage should be taken of buildings trades apprenticeships -- wich must be fully available to women and minorities.