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Fiscal Stimulus

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Obama's Layoff Bomb by Michelle Malkin Creators Syndicate Copyright 2012 In June, a diffident and self-deluded President Obama claimed that "the private sector is doing fine." Last week, the private sector responded: Speak for yourself, buster. Who needs an "October Surprise" when the business headlines are broadcasting the imminent layoff bomb in neon lights? The... Read More
Hmmmm. We told you yesterday about stimulus-subsidized eco-boondoggle A123's debt default announcement bankruptcy filing. Turns out it was elaborately orchestrated to induce a rescue by another big green energy interest: Hmmmm. Under the deal, Johnson will get A123’s automotive business assets, includin
I told you about $250 million stimulus-subsidized battery maker A123 back in March. Recap: While President Obama was busy lambasting Big Oil tax breaks on Thursday, yet another one of his environmental welfare recipients (the very kind he wants to redistribute oil subsidies to) was teetering on the edge of bankruptcy. Who needs to win... Read More
Photoshop h/t Radio Patriot Missing in Action: Stimulus Sheriff Joe Biden by Michelle Malkin Creators Syndicate Copyright 2012 Remember when President Obama bragged about Joe Biden's fiscal discipline cred in 2009? "To you, he's Mr. Vice President, but around the White House, we call him the Sheriff," Obama warned government employees. "Because if you're misusing... Read More
Obama's Green Robber Barons by Michelle Malkin Creators Syndicate Copyright 2012 Had enough of fat cat Barack Obama, his jet-setting wife and his multi-millionaire Chicago consigliere/real-estate mogul Valerie Jarrett attacking the "rich"? Well, brace yourselves. You'll be hearing much more from the White House about the "wealthy few" who aren't paying their "fair share" as... Read More
Yes, I'm still awake. Up at 4am this morning and still going. Got home after a speech in Denver late tonight to find that the Senate (going on 900 + days without a budget) was up to all sorts of stealthy business in the midnight hour. As of 1:28am, the Senate was casting procedural votes... Read More
Ladies and gentlemen, I hope you are paying attention. Democrats in Washington are turning up the heat on the GOP as they push for quick passage of the "mini" $35 billion union jobs bailout. True to Alinsky form, Team Obama is spinning more emo-narratives centered on saving teachers from layoffs. At a Save the Teachers... Read More
debsinger2 citizenbrad Time for some classic Obama Bus Tour photoshops (more here). Yep, he's on the road again -- campaigning on the taxpayer's dime for who knows what whenever. In the aftermath of the Senate's rejection of his massive government jobs slush fund, the White House will now push for passage of a slew of... Read More
While the Kamp Alinsky Kids were taunting police officers across the country on Friday night, the Obama-Biden 2012 campaign quietly released its list of the elite deep-pocketed donors who bundled at least $20 million for the White House. I'm publishing the full list below. Some 41 bundlers bagged more than $500,000 each for Mr. Obama... Read More
I blogged last night about the Obama government jobs bill bust in the Senate. My coverage is here. The Hill's report is here. The Dems know it's another massive dud, yet Team Obama and his prog supporters are accusing opponents of wanting to deliberately harm the economy for political gain. Cloward-Piven projection at its finest:... Read More
My latest column investigates the green-washing of the government-funded solar energy racket going in America's schools. Do you know what your kids are being taught -- or rather, not being taught about failed eco-subsidies? Find out below. First, a quick Solyndra Watch link round-up: The White House is doing a Chu-step -- sending Energy Secretary... Read More
(Click to watch) Well, another House hearing on Solyndra came and went this morning. In another Great Moment Of Transparency in the Age of Obama, the Solyndra execs took the Fifth as promised. The Democrats' erstwhile chief inquisitor and witch hunter of Capitol Hill, Henry Waxman, demonstrated his trademark chutzpah by complaining that the GOP... Read More
My syndicated column today expounds on the green phony, crony capitalism that has flourished -- and flopped -- in the Age of Obama. The latest developments breaking in the Solyndra scandal last night? Obama's White House tried to rush the $535 million loan review, prompting complaints from financial officials. The White House, naturally, denies any... Read More
If the trend in this chart occurred under the Bush administration, you know it would end up as a Koward Krugman NYT blog post under the headline "Bush's War on Poor People." Via Justin Hart, the data:
Time for President Obama to wake up and look like he's doing something about jobs again! Today, he'll take to the Rose Garden with "teachers, police officers, firefighters, construction workers, small business owners and veterans" -- read Big Labor supporters with a few non-union tokens tossed in -- as he wags his finger again at... Read More
There's "Take Your Daughter to Work Day." Now, here's a clever twist that all GOP politicians who are attending President Obama's Redundant Festival of Failed Spending Orgies should join: "Take an Entrepreneur to Capitol Hill Day." GOP Rep. Marsha Blackburn of Tennessee is taking Nashville-based Gibson Guitars CEO Henry Juszkiewicz, via the Memphis Daily News:... Read More
Last week, I spotlighted the left-wing egghead economists who glide effortlessly through the White House-academia revolving door despite failure after failure in the real world. Earlier today, the professor-in-chief himself opened his mouth and exposed his abject ignorance of how free markets work. Straining to explain away another Wreckovery Summer, President Obama blamed technological innovation... Read More
The Government Job-Training Juggernaut by Michelle Malkin Creators Syndicate Copyright 2011 President Obama campaigned this week for "new and innovative approaches" to America's economic crisis. So naturally, the futurist-in-chief filched his fresh, bold ideas straight from ... the 1930s. The grand new solution to the jobs deficit, according to the White House, is more FDR-style... Read More
Academic Legion of Economic Doom: Chart adapted from e21 Obama's Egghead Economic Saboteurs by Michelle Malkin Creators Syndicate Copyright 2011 Official motto of the White House economic team: Those who can, do. Those who can't, fantasize in the classroom, fail in Washington and then return to the Ivy Tower to train the next generation of... Read More
Happy June, everyone. Yesterday, I brought you news of the latest sky-high food-stamp usage figures. Today brings a torrent of more bad economic news that Team Obama and his spinners will find away to celebrate: Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be... Read More
Porkulus: Cash for Tax Cheats by Michelle Malkin Creators Syndicate Copyright 2011 When President Obama signed the trillion-dollar stimulus law in 2009, he proclaimed that he was "keeping the American dream alive in our time." The stimulator-in-chief failed to mention that billions would be spent keeping American tax scammers afloat on our dime. At a... Read More
Where did $1.3 trillion in federal spending on contracts and grants go? The most transparent administration ever won't say, and as this House Energy and Commerce hearing revealed yesterday, the White House has stonewalled on a FOIA request to find out for more than six months: Cue sound of flushing toilet here... H/T The Right... Read More
I first wrote about the progressive infrastructure bank boondoggle last September. Today's column revisits the recycled government slush fund recipe now being offered by Jawn Kerry. Politico says the costly idea is "gaining steam." The GOP needs to stop this runaway gravy train in its tracks. Guess who's enabling the Left? GOP Sen. Kay Bailey... Read More
As a companion to my column yesterday on the Democrats' $53 billion high-speed rail boondoggle and the systemic sabotage of financial oversight in the Obama administration, I offer you two more depressing items: First, via GOP Sen. Tom Coburn: $800 million missing at HHS and nearly $2 billion in limbo: # The nonpartisan analysis of... Read More
Austan Goolsbee and the "Valley of Death" Yes, there is such a thing as the "White House White Board," where Obama bureaucrats and czars get to show off their central-planning chops and lecture America's real movers, shakers, and job creators on how government will play an integral role in rescuing us all. Today's White House... Read More
Remember this piece of work? The throttler in the classic Democrats Gone Wild video is (former) Democrat Rep. Bob Etheridge, who lashed out at two college kids with the audacity to question him last summer about his adherence to failed Obama policies: Etheridge was ousted in November by GOP newcomer Renee Elmers. But arrogant pols... Read More
The myth that "green jobs" are a boon to the economy keeps getting pierced by failed green jobs boondoggle after failed green jobs boondoggle. As I noted in April 2009, the truth about green jobs has been told all over the world. Case in point: Spain. Every “green job” created with government money in Spain... Read More
Criminey. The Detroit Public Schools are overrun by corruption, violence, and incompetence. Test scores are rock-bottom. The teachers' union sabotaged classroom instruction and denied schoolchildren an education through an apparent illegal work stoppage. Yet, Washington went ahead and forked over $530 million in federal porkulus funds to reward yet more Detroit government school failure and... Read More
Back in April 2009, we took note of how the green jobs boondoggle turned out in Spain. In two words: Epic fail. No matter. The Obama White House shoveled more and more enviro-slush fund money into the green jobs/union jobs black hole. Now, the Washington Post reports that retrained workers who followed the green jobs'... Read More
Bottoms up!
Bottoms up! According to the National Bureau of Economic Research this morning, the recession officially ended in June 2009. Waiting for the new White House "reeducation" campaign to school all of us ignoramuses. Cue "Happy Days are Here Again" and break out the Wagyu beef! Note well the NBER's caveats: *** Meanwhile in Nevada... Even... Read More
You'll recall the far Left attacks on me last summer when I had the audacity on ABC's This Week to discuss government unemployment benefits and the effect that endless extensions have on reducing the incentive to seek a job. We revisited the subject in March during the Senate debate over the jobless benefits extension package... Read More
That's the jobless rate reported today. Morning Bell calls it "a recovery only Washington could love." Ed Morrissey: The Census hiring crutch once again helped prop up the numbers. (Be sure to review my
I've covered the Green Jobs boondoggle many times here over the past year (see, for example, 4/13/09 "Spain’s green jobs boondoggle;" 12/15/09, "Here comes Cash for Caulkers (again!); Update: Obama: “Insulation is sexy”; 1/7/10 “Green Jobs” = SEIU/Union Jobs;" 1/8/10, "Here comes another multi-billion-dollar Green Jobs boondoggle," 3/2/10, "A wind power cautionary tale"). Here's yet... Read More
The tax breaks and projected jobs in the Senate jobs bill are illusory. The $17 billion package circumvents pay-go rules. But no matter. The Senate passed the Porkulus II today by 68-29 -- with support from 11 Republicans. Here's the roll call vote: The Republicans who sided with the endless spending-spree Democrats: Alexander Bond Scott... Read More
The AJC's Cynthia Tucker blogged today about a testy exchange we had last summer on ABC's "This Week" regarding government unemployment benefits and the effect that endless extensions have on reducing the incentive to seek a job. Once again, she mistakes standard economic arguments for moral judgments: "Does the right really believe the unemployed are... Read More
Well, hey, President Obama said "make yourself heard" -- so here's a video spotlighting a protester who tried to make herself heard at one of Obama's endless campaign events yesterday in Savannah, Georgia, via WTOC: Very reminiscent of the anti-entitlement rally in Arizona last year against the savior-based economy. Remember:
Scroll for updates...2:37pm Eastern reported deal reached on two amendments...bomb threats set for tonight...78-19, unemployment benefits/COBRA extension, other government benefits extensions pass...$10 billion bill not paid for...roll call vote added I've praised GOP Sen. Jim Bunning many times over the last two years for taking unpopular stands against massive, government entitlement expansions. He was... Read More
Hey, that White House pay-for-play/culture of corruption file just keeps getting fatter and fatter. This morning, it was the Romanoff and Sestak deals. This afternoon, Reid Wilson at Hotline On Call reports that Team Obama offered retired GOP Sen. Mel Martinez a little Florida favor in exchange for a Porkulus vote. They were willing to... Read More
Scroll for updates...Sen. Brown's Facebook comment thread in full revolt... Here is the roll call vote on the Senate's Porkulus II cloture motion this evening: The Republicans who joined the Dems to end debate on the phony jobs boondoggle that even the Associated Press points out will create a puny number of jobs: Scott Brown,... Read More
Aw. The trillion-dollar Porkulus turned one today. Let's all raise a bacon-wrapped toast to generational theft. Here's a handy timeline of the wreckovery: The White House is in full defense mode spinning the stimulus salvation. Leave your favorite examples of porkulus failure/waste in comments or e-mail.
A year ago today, Seattle taxpayers organized an unprecedented protest of the pork-stuffed, generational theft stimulus bill that President Obama rammed down America's throat. Many of the latecomers and opportunists and Beltway politicians who later glommed on to the Tea Party phenomenon don't remember these early demonstrations. But the activists who turned out in Seattle... Read More
This is what desperation looks like, via the Washington Times: A bipartisan group of senators forged agreement on a jobs bill that drew the White House's blessing Thursday - but hours later Senate Majority Leader Harry Reid scuttled the deal and replaced it with his own Democrat-written measure. Scrambling to show Democrats are taking action... Read More
Bok. Quack. Oink.
Remember this thing? It's a Turbaconducken -- a roasted chicken stuffed inside a duck stuffed inside a turkey, all wrapped in endless slabs of bacon. I made it the symbol of Porkulus One last year. Now, we learn that Porkulus Two is literally stuffed with chicken-flavored pork. Via Jamie Dupree: Dupree thinks Democrat Sen. Blanche... Read More
My column today looks at the phantom Porkulus II/Jobs Bill. I say "phantom" because there is no bill text I can actually point you to -- it's the same business-as-usual we've been subjected to since Porkulus I. GOP Senate Minority Leader Mitch McConnell was on the Senate floor yesterday pleading to see the legislation: "“My... Read More
Scroll for updates... The House is currently debating the federal debt ceiling increase to $14.3 trillion. (The Senate, with every single Democrat voting in favor, adopted the debt limit increase last week.) These measures are on top of two other debt limit increases over the last year (including one adopted in the dead of night... Read More
Over the weekend, White House operatives were all over the map with their stimulus job estimates. (I think they were using "Mayan Math.") Anyway, talk show host Bill Wills in Cleveland asked White House spokesman Bill Burton about it. Burton airily dismissed criticism of the discrepancies as "petty." Here's the audio: And transcript: WILLS: And... Read More
My syndicated column today torches President Obama's fiscal freeze follies. A new CBO reports says the year-old Porkulus will now cost $75 billion more than originally estimated. Which is why the White House is scrambling to de-emphasize its spending discipline pose and talk about something else. Anything else. Like new legislation "restricting foreign corporations from... Read More
It's Return of the Crap Sandwich. Porkulus, Jr. Spendapalooza Redux. Special Interest Slush Fund: The Sequel. Whatever you call the Obama Jobs Bill, it's more red ink, generational theft, and wealth redistribution all rolled up into another Democrat "economic recovery" intervention. Democrat Rep. Brad Sherman admits that his leadership has told him not, not, not... Read More
The ballyhooed budget spending freeze that will be a feature of the State of the Union address tomorrow doesn't cover behemoth entitlement programs. It doesn't cover a second stimulus. It is limited to an electorally-timed three-year period. The White House is already promising that favored left-wing programs in education and the environment would get a... Read More
Hard for me to suppress a snort. But here it is: John McCain -- who supported the $700 billion TARP bailout, the $25 billion auto bailout, a $300 billion mortgage bailout, and the first $85 billion AIG bailout -- has grandiosely announced that he will oppose Federal Reserve Chairman Ben Bernanke's second term: So, how... Read More
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