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Wednesday, December 09, 2009
Democratic Pollsters Get $6 Million From Stimulus
Posted by: Jillian Bandes at 12:20 PM
Mark Penn, Hillary Clinton’s pollster in 2008, received about $6 million in federal stimulus money that was supposed to create jobs. This $6 million was used by his Burson-Marsteller public relations firm to create exactly three of those new jobs.

Additionally, Alfredo Balseraformer, the head of a Florida public affairs firm, received $70,000  in stimulus money.  Balseraformer was responsible for courting  the Hispanic vote for Obama in his 2008 Presidential campaign.


Tags: stimulus



Wednesday, November 18, 2009
Lost Track
Posted by: John Campbell at 12:57 PM

There are some extra congressional districts in California receiving stimulus dollars…the trouble is, they don’t exist.

Recovery.gov, the web portal designed by the administration to provide transparency and information on where and how the President’s stimulus dollars were being spent lists 9 congressional districts in California that don’t exist, yet they apparently have received $5,740,757 in stimulus dollars, creating 24.2 jobs, which equates to about $237,221 per job.  This odd reporting isn’t limited to California either; ABC News has reported that instances of the same problems are popping up all over the country.

When asked about the problem, Ed Pound, director of communications for recovery.gov said "We're not certifying the accuracy of the information.”  Asked why recipients would pluck random numbers - 26, 45, 14 - to fill in for their congressional district, Pound replied, "who knows, man, who really knows. There are 130,000 reports out there.''

I don’t know about you, but I don’t see how the White House can allocate over $1 million in stimulus dollars to California’s 00 District, nor how you can claim to create jobs in a district that doesn’t exist…but if the White House can’t keep track of $787 billion, how are they going to track the $1.6 trillion for health care?!






Friday, October 16, 2009
Harry Reid admits, "Health Care bill will run $6579 for every man woman and child in America"
Posted by: Kevin McCullough at 10:22 AM
http://www.phillysonline.com/lunch_counter/images/2006/07/02/happy_harry_reid.jpg
$2 TRILLION!!

Inadvertently Senator hoof-n-mouth admitted yesterday in a Senate Floor speech that the Health Care price tag now being discussed is... $2,000,000,000,000.

So take that $2 trillion and divide it by the gross population number for America, roughly 304,000,000. That comes out to $6579 per man, woman, boy, girl, baby, illegal, resident, captured in the population count in July of 2008.

So for a married couple that's $13,000 that it would cost for tax-payers to provide the new "health care."

And an average family of four? $26,000.

And those are just the costs that would cover ONLY health care.

Remember that 5 trillion in combined bailout, stimulus, and budget from earlier in the year. That's an additional $16,440 per man, woman, child.

Meaning per married couple $32,800, and $64,000 per family of four. (That has already been spent...)

Add health care to what they've already allocated and it's roughly $23,000 per person that the Obama administration will have spent per man, woman, and child.

So what average family of four has an extra $92,000 just sitting around just waiting to be given to the government?

STOP IT Washington... NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!







Thursday, August 27, 2009
Oh, Ya. The Stimulus Is Totally Working. For Sure. No Doubt.
Posted by: Jillian Bandes at 11:31 AM
After Christina Romer, chair of the President's Council of Economic Advisors, claimed the stimulus was "absolutely" working, a number of other economists latched on to her statement with conflicting claims of "Romer's right!" and "Romer's wrong!"

At Forbes, Thomas Cooley and Peter Rupert, try and inject some calm into the whole shenanigans. They're highly skeptical the stimulus will or has worked, but they're willing to examine all the evidence.
It is a bit like throwing the baby in the swimming pool to see if it swims.

At some future time, after careful parsing of the data and studying people's decisions, we may have a much better estimate of the effectiveness of debt-financed government spending of this sort. One should keep in mind, however, that the effectiveness (or ineffectiveness) of the programs to combat the Great Depression in the 1930s is still a matter of great debate.


Tags: stimulus



Thursday, July 30, 2009
"Talk about a stimulus package."
Posted by: Jillian Bandes at 2:27 PM
From Joseph Abrams at Fox:
Emergency grants from the National Endowment for the Arts may be going to help fund nude simulated-sex dances, Saturday night "pervert" revues and the airing of pornographic horror films at art houses in San Francisco.
HT: Goldberg


Tags: stimulus



Tuesday, July 28, 2009
Government Actually Puts Money Into Toilets
Posted by: Jillian Bandes at 12:51 PM
Spending trillions on developments that probably won't -- but might -- have a marginal benefit to the economy isn't something particularly palatable, but at least comprehensible (i.e. a new road may be unnecessary and wasteful, but could theoretically promote more commerce, or tourism). But a development that only benefits antsy campers in the middle of the New Mexican desert? Americans for Tax Reform points out that the government has undertaken a national toilet renovation campaign, to include everything from " humble sylvan outhouses to 'historic" restrooms,'" including 2.8 billion for toilets in national forests. The only plausible results I can foresee are entirely unrelated to the economy: selective bladder relief and angry taxpayers.


Tags: stimulus



Friday, July 17, 2009
Obama vs. Obama on the Stimulus
Posted by: Garrett Murch at 1:08 PM
I'm not sure why the House Republican Conference chose the title it did, rather than something more fitting, like 'Liar vs. Liar', or 'Swindler vs. the American People', or 'Yes, You've Been Had', or...well, you get the point.  Here's the video.



Tags: obama   stimulus



Wednesday, July 15, 2009
Tax Cuts and Stimulus
Posted by: John Campbell at 10:58 AM
Yesterday, The Hill ran a story titled ‘Dem says tax cuts blunted the stimulus.’ In it, Transportation and Infrastructure Committee Chairman James Oberstar said that the tax cuts in the stimulus package took money away from legitimate infrastructure spending.

Frankly, I think the Chairman may have his facts confused. It was his Speaker, Speaker Pelosi and Majority Leader Harry Reid who took money away from infrastructure and gave it to other pork barrel-esqe spending proposals. Congressional Democrats larded up the bill with ridiculous spending measures all the while reducing the percentage of infrastructure spending. In terms of comparison, the President’s stimulus proposal and the final stimulus bill that was signed into law contained roughly the same proportion of tax cuts.

Many Republicans, this one included, would have been more inclined to support the stimulus package had it included more stimulative and shovel ready infrastructure projects that carried with them substantial multiplier effects. I, for one, was discussing the idea of national wireless internet infrastructure, but this idea along with many others was tossed aside for pork barrel spending projects like Speaker Pelosi’s salt marsh harvest mouse.

In the end it is the American people who foot the bill, and will be the ones feeling the pain.




Tuesday, June 16, 2009
A Second Opinion
Posted by: John Campbell at 11:18 AM
Back when the stimulus package was being debated, I was a vocal critic. I penned an op-ed for the Orange County Register, I blogged on it, and I took to the airwaves to discuss potential areas for improvement and why the package wouldn’t provide the impetus for growth as it was being advertized.

Well, while President Obama, and his Capitol Hill cohorts tout the many successes of this so-called stimulus, Senator Tom Coburn (R-OK), a doctor by trade, has issued a second opinion on the matter.

His report provides a look at 100 examples of questionable stimulus projects worth $5.5 billion. Senator Coburn is quick to say that his second opinion is designed to educate taxpayers, policymakers, and the media, on how to prevent these missteps moving forward. The real question is, will the lesson be learned?

Over the next few days I will highlight some of my favorite examples in Sen. Coburn’s report, so stay tuned.




Tuesday, March 10, 2009
Lastest Ideas
Posted by: John Campbell at 9:37 AM
I have been telling you for some time now, a number of things that I think we should be doing to make this recession shorter and shallower while minimizing damage to the eventual recovery. You all know that I think the actions of Congress and the President thus far, have been counterproductive. Certainly the markets agree with me at this point.

Well, here is an idea that was sent to me by a concerned citizen. And it’s one of the best ideas I’ve heard yet. So good in fact, that I will be introducing it as a bill this week and talking a lot about it.

The bill would eliminate all Capital Gains taxes for any assets purchased in 2009, regardless of when the asset is sold. So, people would be encouraged to purchase homes, property, stocks bonds and businesses in 2009. This incentive would alter the risk/return ratio and likely spur a great deal of economic activity that is currently paralyzed by fear and uncertainty. And from the federal government standpoint, there might be an increase in revenue to the federal government now as the sellers report capital gains. The “loss” of revenue on the sale would not occur until some years later when the asset is sold and hopefully the government is also on better footing.

This would stimulate lots of job-creating economic activity NOW, with no cost to the taxpayer and no reduction in federal revenues until later.

I’ll keep you posted on how much traction this idea gets.




Wednesday, March 04, 2009
Does President Obama Really 'Get It?'
Posted by: John Campbell at 1:58 PM

This morning, the DC Examiner, a beltway newspaper, featured an interesting editorial about President Obama’s rhetoric versus actions on earmarks.

The editorial highlights a question from Time Magazine, “Does Obama have a double standard on earmarks?”  I am not sure if you caught it, but during the President’s speech to a Joint Session of Congress, he boasted that there were no earmarks (however, earmarks have a multitude of guises) in his $787 billion dollar ‘Big Spending Package’ disguised as “Stimulus.”  Yet the President remains quiet when Speaker Pelosi and House Democrats ram a bill through Congress the very next day, neatly stuffed with nearly 9,000 earmarks.

To say that each of these earmarks is ‘worthy’ is complete fantasy, here is a healthy sampling courtesy of the Examiner’s Editorial Department:

“$1.8 million to manage swine manure in Iowa, $190,000 for a “Buffalo Bill Historical Center” in Wyoming, $2.2 million to study grape genetics in New York, $175,000 for “fa?ade improvements” on a dilapidated theater in Pennsylvania, $162,000 for cricket control in Utah, and a total of $41.5 million for the presidential libraries of three former Democratic presidents: FDR, JFK and Lyndon Johnson.”

Nevertheless, the American taxpayer will be on the hook for these projects, worthy or not.  President Obama has repeatedly said he “Get’s It,” but perhaps it is time he gets on board with the rest of America on earmark reform.  Even Congress is slowly beginning to get the message; this issue is not going away.






Tuesday, March 03, 2009
More Bureaucrats = Stimulus success
Posted by: John Campbell at 9:56 AM
Occasionally, I post political cartoons that illustrate an issue without the need of a lengthy description.  I feel this cartoon encapsulates the stimulus package perfectly.  It was featured in yesterday’s version on CongressDaily by National Journal.

National Journal






Thursday, February 26, 2009
Montage! Obama On Earmarks Before The Election/Stimulus & After. Plus The Schumer Bonus At The End!
Posted by: Greg Hengler at 6:33 PM
Glenn Beck's television show on FOX put this together.






Thursday, February 26, 2009
Two Congresswomen Debate Bailout: Who's Bailing Out Housing? Taxpayers Or Lenders?
Posted by: Greg Hengler at 2:42 PM
Thursday on the House floor.







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