The report also revealed that through the end of June that stimulus money created or saved 796 jobs, with 700 of those state workers who did not have to get laid off thanks to the federal grants, Fitch said. Federal highway money accounted for 75 jobs and weatherization programs kept or added 16 to the payroll, he added.
We're not sure if this is a street paving project or a graph of the deficit
IHateTheMedia.com’s next door neighbor is a liberal who owns an engineering and construction company that specializes in building bridges. We asked him if all that stimulus money had impacted his business.
He laughed.
“They talk about rebuilding the infrastructure but, in reality, all the stimulus money is going to street paving projects because they can be done quickly,” he said. “They’re even repaving streets and highways that don’t need to be repaved just to make it look like they’re doing something.”
Can’t wait to hear the Obama administration explain this: the top three states took home 66% of bailout dollars and the top five nearly 84% of the total, which leaves a paltry 15% to be divvied up between the remaining 45 states and territories.
Can’t wait to hear the Obama administration explain why the bailout is overwhelmingly concentrated in a small handful of states.
According to the ProPublica data, a total of $476.5 billion in bailout money has been doled out so far. New York, has garnered $175 billion, more than one third of the total. Michigan walked off with $80.7 billion, North Carolina netted $56.3 billion, Virginia totaled $54.9 billion, and California picked up $34.4 billion.
(Our thanks for thesaurus.com for the assistance with the previous paragraph).
That means the top three states took home 66% of bailout dollars and the top five nearly 84% of the total, which leaves a paltry 15% to be divvied up between the remaining 45 states and territories.
That should be just enough for a road sign in your neighborhood that says, “This construction project paid for by The Greatest President In History and the generous benefactors of the Democrat-controlled Congress of the United States.”
No construction projects, mind you, but some very nice signs.
To quote a popular bumper sticker, “Where are the jobs, you lying pile of excrement?” OK, we didn’t really see that last part on a bumper sticker. But we wish we had.
Where are the jobs, Joe? Where are the jobs?
And we quote from a White House press release dated May 13, 2009:
The Vice President today submitted his first quarterly report to the President detailing progress implementing the American Recovery and Reinvestment Act (ARRA). The report shows early progress providing immediate financial relief for American families and jump-starting billions of dollars in job-creating projects in the first quarter, with both the pace of spending and job creation expected to accelerate significantly in the coming months.
Looking ahead, an additional 600,000 jobs are expected to be created or saved under the Recovery Act in the next 100 days and billions of dollars in contracts and grants are expected to be awarded in the coming months. The report finds that the anticipated funds are already having an effect on economic and job growth as private sector companies staff up to meet expected demand for their products under Recovery Act programs and state and local governments adjust their spending plans ahead of receiving additional Recovery Act funds.
And to quote a popular bumper sticker, “Where are the jobs, you lying pile of excrement?”
OK, we didn’t really see that last part on a bumper sticker. But we wish we had.
Oregon spent $176 million to supplement federal stimulus funds. Democrats are taking credit for a remarkable feat: creating 3,236 new jobs in the program’s first three months. But those jobs lasted on average only 35 hours, or about one work week.
Add the three, carry the six, divide by 52. Yes, the answer is 3,000,000.
It’s been widely reported that the Obama aministration says its going to create or save 3,000,000 jobs.
Now,thanks to the Associated Press, we know how it’s going to be done:
“Oregon spent $176 million to supplement federal stimulus funds. Democrats are taking credit for a remarkable feat: creating 3,236 new jobs in the program’s first three months. But those jobs lasted on average only 35 hours, or about one work week. After that, those workers were effectively back unemployed, according to an Associated Press analysis of state spending and hiring data. By the state’s accounting, a job is a job, whether it lasts three hours, three days, three months, or a lifetime. “Sometimes some work for an individual is better than no work,” said Oregon’s Senate president, Peter Courtney.
Apparently, Obama didn’t mean he was going to create or save 3,000,000 full-time jobs, just 3,000,000 one week jobs. Or 60,000 full-time jobs.
But based on Oregon’s experience, we can’t afford those jobs. The state spent $54,388 per job over that three month period. If the program were extended out over the course of a year, each job would cost the state an average of $217,472.
This from the same band of geniuses who want to take over your healthcare.
The stimulus is working so damn well here in the United States that the Obama administration has decided to extend it to our good friends in Gaza.
Palestinians need the $200 million to alleviate a heartbreaking shortage of rocks that has mysteriously developed in Gaza
The stimulus is working so damn well here in the United States that the Obama administration has decided to extend it to our good friends in Gaza.
Reuters reports this unbelievable story:
Secretary of State Hillary Clinton said on Friday there had been some progress toward reviving Israeli-Palestinian peace talks in the “near future” and announced $200 million in U.S. aid to the Palestinians.
Clinton said the money, which is part of a $900 million pledge she made in March at a donors conference in Egypt, was transferred directly to the Western-backed Palestinian Authority and would help it meet a budget shortfall.
Yes, a budget shortfall for the Palestinian Authority. Through no fault of its own, the cost of dynamite vests has risen dramatically. And the cost of rockets lobbed into Israel has…well…skyrocketed.
Perhaps the problem in Washington, DC is that none of the Democrats in the House or Senate actually understand what the word “trillion” means. So here is a simple, graphic explanation to help the fine Americans serving in the Congress of the United States of America understand exactly how much they’re pounding down a rathole.
Perhaps the problem in Washington, DC is that none of the Democrats in the House or Senate actually understand what the word “trillion” means. It’s just a big, unimaginable number with lots of zeroes, an amorphous concept somewhere between a million and a bazillion.
So here is a simple, graphic explanation to help the fine Americans serving in the Congress of the United States of America understand exactly how much they’re pounding down a rathole.
Only about 100 people showed up to hear Biden’s self-aggrandizing speech on the wonders of stimulus money.
The Vice President was greeted by his adoring fans
Poor Joe Biden. The garrulous veep traveled to a small town in Pennsylvania a few days ago to tell the bumpkins about the glories of federal stimulus money. He wanted the good folks in Erie to know that the Obama administration is bringing broadband internet access to rural America.
Apparently, no one cared.
Only about 100 people showed up to hear Biden’s self-aggrandizing speech. The room looked empty. So empty, in fact, that volunteers quickly began removing chairs in a futile attempt to make it look like a full house.
This gives a whole new meaning to the phrase “moving the deck chairs on the Titanic.”
Oklahoma’s Republican Senator Tom Coburn has come up with a list of “stimulus” projects that fritter away your hard-earned taxes.
That "stimulus" money is burning a hole in Obama's pocket.
Oklahoma’s Republican Senator Tom Coburn is tight with a dollar. His dollar. Your dollar. Everybody’s dollar. He’s come up with a list of “stimulus” projects that fritter away your hard-earned taxes.
The Senator didn’t compile this list on his own. He collected stories from local newspapers that questioned how stimulus dollars were being spent on projects in their areas.
Here are some of the wasteful, wacky projects scheduled for funding in the “stimulus” program:
$840,000 to repair a bridge in Portage County, Wisconsin, that carries just 260 vehicles a day – mostly to an isolated saloon and a country club.
$1.3 million to Solon Township, Michigan to help pay for a wastewater treatment plant local residents don’t want. There’s no plan for the plant and local support for it is questionable.
$3.4 million for an underground wildlife road crossing on U.S. Highway 27 for turtles and other wildlife in Lake Jackson, Florida. (A spokesman for the Florida Transportation Department said the project is needed for safety because turtles hit by vehicles can become flying projectiles. Seriously. He said that.)
$1.5 million in stimulus money to partially fund a new wastewater treatment plant in Perkins, Oklahoma. The new plant was originally scheduled to cost $5 million, but strings attached to the “stimulus” money will increase the cost to $7.2 million. As a result of the cost increases, the city will be forced to borrow the additional money and increase utility taxes by 60% to pay for it.
$300 road signs to be placed at construction sites to inform motorists that the project is being paid for by the “stimulus” money.
$2.2 million to intall skylights in Montana’s state-run liquor warehouse.
We would like to propose an additional program:
$7.75 million to study the impact on rodents when money is pounded down rat holes.
Democrats have a nasty habit of passing bills they don’t read, like the Stimulus boondoggle. In this instance, Henry Waxman (D-CA), Energy & Commerce Chairman and author of the National Energy Tax, is unclear on what’s actually in his own bill. But never mind that. Democrats voted it out of committee anyway, 33-25.
In this video, Waxman is questioned by Ranking Republican Member Joe Barton (R-TX) when he admits to ignorance of his own handiwork: “I certainly don’t claim to know everything that’s in this bill…I don’t know the details…”
Totaling over 930 pages, this bill is quite the packed sausage. If We the People are forced to pay for these things, is it too much to ask that lawmakers who supposedly write them at least be forced to read them?
There are no red states. There are no blue states. There are only states where ACORN's already been indicted and states where they'll soon be indicted.
Naturally. Of course. Not surprised. Wouldn’t have expected anything less.
The same guy who led us down the primrose path on Fannie Mae and Freddie Mac is now out there as ACORN’s loudest supporter.
ACORN, the Association of Community Organizations for Reform Now, may have pulled off the most widespread voter fraud in American history last year. They’re being investigated or have already been convicted in 14 states.
In response, Minnesota Congresswoman Michelle Bachman proposed an entirely reasonable amendment that would have barred any organization under federal indictment from receiving funds from the mortgage reform bill.
But blatantly Barney Frank, ACORN’s congressional sugar daddy, saw to it that the amendment was removed, defeated, condemned to the ash heap of history. Remarkably, ACORN will now have access to up to $8.5 billion (with a “b”) from President Obama’s various “stimulus” schemes.
Frank claims ACORN isn’t eligible for any of the moneyOf course, this is the same guy who defended Fannie Mae and Freddie Mac and had a prostitution ring operating out of his condo.
Apparently the prostitution ring is still operating, but has moved its headquarters to Washington, DC.
Read the full details of the corrupt relationship between Frank and ACORN here.
Thugocracy: (thu-goc-ra-cy, pronunciation: thə-‘gä-krə-sē) The form of government in which only 12.4% of workers belong to unions, yet virtually all stimulus money goes to unionized companies and government entities.
Thanks to stimulus money, Democrats are hoping to sweep the zombie vote
Our guess is that all the “stimulus” in the world isn’t going to help these people. The Treasury began sending checks to thousands of dead people this week.
Here’s how Fox News reports it:
Antoniette Santopadre of Valley Stream was expecting a $250 stimulus check. But when her son finally opened it, they saw that the check was made out to her father, Romolo Romonini, who died in Italy 34 years ago. He’d been a U.S. citizen when he left for Italy in 1933, but only returned to the United Stated for a seven-month visit in 1969.
The Santopadres are not alone. The Social Security Administration, which sent out 52 million checks, says that some of those checks mistakenly went to dead people because the agency had no record of their death. That amounts to between 8,000 and 10,000 checks for millions of dollars.
The feds blame a rushed schedule, because all the checks have to be cut by June. The strange this is, some of the checks were made out to people — like Romonini — who were never even part of the Social Security.
Money for dead people? Considering how many of them show up on voter roles, this just looks like another case of Democrats rewarding their constituents.
On Monday Nevada filed 39 felony criminal complaints against ACORN. On Thursday the House of Representatives voted to allow ACORN to receive federal funding under the “Mortgage Reform and Anti-Predatory Lending Act.”
The vote to make ACORN eligible for funding was 245-176. All Democrats on the side, all Republicans plus four honest Democrats on the other.
“There is no excuse this outrage. The only explanation for voting to give money to this racket is that House Democrats are deep in the pocket of ACORN,” said a statement from GetLiberty.org.
As a result of the House vote, ACORN is eligible for more than $3 billion in “stimulus” money plus another $5.5 billion from the 2010 budget. The organization has already received at least $53 million from American taxpayers since 1994.
ACORN has also been investigated for voter fraud in state after state – including Ohio, Indiana, Wisconsin, Nevada, New Mexico, North Carolina, and Missouri, Pennsylvania, Washington, and Michigan.
39 felony counts? What’s the big deal? Who among us hasn’t been charged with 39 felony counts at one time or another?
King Barack. He wants to defend the downtrodden so much that he's doing everything he can to make more of them. Riverside, California has announced a new plan to buy foreclosed homes, fix them up, and resell them to “the needy.”
Naturally, the city’s using your tax dollars – $6.5 million made available by the Obama administration plus its own redevelopment money – to purchase houses, rehab them and sell them to first-time buyers.
“Where a lot of communities are trying to figure out how to spend the money, or offering purchase funds or down-payment assistance, we’re actually very hands-on with our program,” said a representative of the working-class community located about 60 miles east of Los Angeles.
“We’re making the purchase, we’re overseeing the rehab, we’re overseeing the sale of the properties. We’re at the forefront of most cities or counties.”
Riverside says it’s just trying to “make a difference.” Problem is, what they’re doing doesn’t sound much different than the same old Fannie Mae-Freddie Mac-Chris Dodd-Barney Frank merry-go-round off of which we thought we just hopped.
Rare photo of Joe Biden as an infant, already exhibiting the trait for which he would later become famous.
Joe Biden showed up in North Carolina Wednesday to tell folks that the “stimulus” money isn’t reserved for Wall Street and car companies. No way, Joe assured them.
While appearing at an outdated fire station in Pikeville, NC, Biden promised billions for home loans and community projects like a new fire station for the good Pikevillians.
“We’re investing in places like this all across the country,” Biden bragged, “to demonstrate the vital role towns like this play in the recovery.”
Uh-oh. Fact check on register three, Joe.
The bulk of the money for the new fire station was secured last year. You know, last year when George Bush was president.
State Sen. David Rouzer, Pikeville’s Republican congressman said he helped nail down the construction funds out of last year’s regular federal budget.
“They’re coming in and cherry picking the best projects and switching out the money, saying it’s stimulus money,” Rouzer observed. “But it was already approved and in the pipeline. It’s totally disingenuous to come down here and say this is stimulus money, when regardless of whether a stimulus bill passed, they were getting the money.”
In other news, Biden announced that the Golden Gate Bridge, Hoover Dam and the 1939 New York World’s Fair would also be built with stimulus money.
A breakthrough for economist Paul Krugman? Lordy, Lordy, Lordy. It’s hand-wringing time in the Big Apple.
Treasury Secretary Tim Geithner’s latest bailout plan is causing a personal crisis of confidence for Paul Krugman, the New York Times’ Nobel-prize winning economist.
The plan is supposed to convince private investors to take up to $1 trillion in toxic assets off the hands of troubled banks.
“This is more than disappointing,” Krugman said in the Times. “In fact it fills me with a sense of despair.”
“It’s as if the president were determined to confirm the growing perception that he and his economic team are out of touch, that their economic vision is clouded by excessively close ties to Wall Street. And by the time Mr. Obama realizes that he needs to change course, his political capital may be gone.”
You know things are bad when we’re not pleased by anything that causes despair in Paul Krugman.
Outsourced Chinese condom. Mao Tse-Dong brand, we assume.
So much for American jobs. So much for stimulus. Well, wait a minute, maybe we shouldn’t refer to “stimulus” in this story.
McClatchy reports:
In a move expected to cost 300 American jobs, the government is switching to cheaper off-shore condoms, including some made in China.
The switch comes despite implied assurances over the years that the agency would continue to buy American whenever possible.
“Of course, we considered how many U.S. jobs would be affected by this move,” said a USAID official who spoke on the condition that he would not be named. But he said the reasons for the change included lower prices (2 cents versus more than 5 cents for U.S.-made condoms) and the fact that Congress dropped “buy American language” in a recent appropriations bill.
So the Obama administration is doing exactly what they condemn American business for doing – outsourcing to cheaper foreign companies.
First they import cheap condoms, then they increase spending on abortions. Now it all makes sense.
This is the most honest, remarkable, refreshing speech you’ve ever heard on the floor of the House of Representatives.
We’ve never heard of Rep. Thaddeus McCotter, a Republican from Michigan, until now. But we have a feeling we’ll be hearing a lot more from him in the future.
Here’s how McCotter ends his speech:
“Here’s the sad reality of where we are today. In a time of crisis they passed the Wall Street bailout, the nightmarish prognostications of myself and others have been exceeded. Now what we find is an attempt to cover ones tracks with another bill in a time of crisis that will leave no one–no one–safe from the hand of the taxman when the politicians come to cover their tracks at your expense. The public deserves better. The public deserves transparency. We cannot fail them again.”
Anyone seen our checkbook? We’re thinking of sending a McCotter a campaign contribution. This is the kind of guy we need to keep in Washington, DC.
Down on your luck? Out of work? Bank foreclosing on your house? Wish you had a source of unlimited money?
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NOTE: This is a freakin’ parody. Do not call that phone number. For all we know, it belongs to some porn operation in Bangkok.
A just-released Associated Press analysis is a dramatic departure from the liberal claptrap we’ve come to expect from the wire service.
“President Barack Obama offered his domestic-policy proposals as a ‘break from a troubled past.’ But the economic outlook now is more troubled than it was even in January, despite Obama’s bold rhetoric and commitment of more trillions of dollars.”
“And while his personal popularity remains high, some economists and lawmakers are beginning to question whether Obama’s agenda of increased government activism is helping, or hurting, by sowing uncertainty among businesses, investors and consumers that could prolong the recession.”
“Although the administration likes to say it “inherited” the recession and trillion-dollar deficits, the economic wreckage has worsened on Obama’s still-young watch.”
“Every day, the economy is becoming more and more an Obama economy.”
Read the entire analysis. It’s actually honest enough to quote doubting Democrats who are buying neither Obama’s line of reasoning nor line of bull.
Team Obama just can’t seem to set its starting line-up. Nominees, potential nominees, and rumored nominees continue to drop like flies.
Annette Nazareth, a former commissioner with the SEC, made “a personal decision” and pulled her name from consideration to be Treasury Secretary Timothy Geithner’s top aide.
Then, in a huge blow to TV viewers around the world, Dr. Sanjay Gupta, CNN’s chief medical correspondent, said he no longer wanted to be considered for the Surgeon General job because of “personal reasons.”
Seems to us that “personal reasons” has now become Liberalese for “I haven’t paid my taxes for the last seven years?”
UPDATE: Now a third potential member of Obama’s team has bailed. Caroline Atkinson, nominee for undersecretary of international affairs, has also withdrawn from consideration.
We really like CNBC economist Larry Kudlow because he calls ‘em as he sees ‘em and, not so coincidentally, as we see ‘em.
“Let me be very clear on the economics of President Obama’s State of the Union speech and his budget,” he said in a recent article. “He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.”
“That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.”
Last week we witnessed the sad spectacle of the president’s press secretary attacking Rick Santelli, a reporter who made the mistake of disagreeing with part of the president’s “stimulus” plan.
“This is a copy of the President’s home affordability plan,” Gibbs drawled. “It’s available on the White House web site, and I would encourage him (to) download it. Hit print, and begin to read it.
Santelli responded in an interview with Larry Kudlow. And he responded with all the passion of his earlier comments.
“The 92% of the Americans that are paying their loan on time,” Santelli said, “do you think there’s no pain there? These people are probably cutting back, their 401(k)s are down. It’s tough. Just because they’re making their payment and they’re current, doesn’t mean they’re not cutting back as well.
“Do we want to teach our children that you can get out of a mistake and that there are do-overs?” he asked. “I just don’t think that’s American. And I read it and guess what? I still don’t like it.”
We don’t know what Robert Gibbs wants to teach his children. But we’d suggest he use part of his substantial salary to hire them a math tutor so they don’t end up as bad with numbers as their old man.
We’re pretty macho guys at IHTM, but this exchange scares the hell out of us.
Ranking House minority member Dave Camp (R-Michigan) quizzed Thomas Barthold, expert witness and Acting Chief of Staff, Joint Committee on Taxation, asking what benefits we’d get from the $1,000,000,000,000 stimulus bill.
Camp: Can you tell me, Mr. Barthold, how many jobs will be created as a result of this legislation?
Barthold: (gulps) Well, in short, Mr. Camp, uh…uh…I can’t.
Camp: So we don’t have an estimate on the number of jobs this would create, either private sector or public. We don’t have any estimate of the economic effect that this legislation might have on our economy, whether it would even create any growth in our economy at all. We don’t have that data before the committee today.
Barthold: (gulps, nods yes and shrugs)
Barthold’s “answers” made us weak in the knees. But contrary to rumors, we did not get the vapors. Not even close.
Reverend Al Sharpton if offended, horrified, and absolutely disgusted that a New York Post political cartoon compared – in his mind – Barack Obama to a monkey. And that comparison is RACIST.
Seemed to us that we’d seen numerous cartoons and PhotoShopped images comparing former President Bush to monkeys. So we did a few Google Image searches.
“Bush” and “simian” generated 38,000 images. “Bush” and “baboon” got 46,300. “Bush” and “orangutan” got 48,800. “Bush” and “chimpanzee” got 132,000. “Bush” and “ape” got 170,000. “Bush” and “chimp” got 182,000. “Bush” and “gorilla” got 356,000. “Bush” and “monkey” got 1,220,000.
Hard as this may be to believe, we can’t recall the good Reverend ever coming to President Bush’s defense and declaring these images racist.
We were going to end this by calling Sharpton an ignorant baboon. But we didn’t want to insult the baboon.