My colleague Rick already posted an entry about Solyndra, a manufacturer of solar panels and related technology that just filed for bankruptcy protection. Solyndra is not only the latest “green jobs” debacle for President Obama — who personally endorsed the company and publicly touted it as “a testament to American ingenuity and dynamism” — it [...]
The lack of economic understanding among our ‘best and brightest’ never fails to amaze me. The latest example is Secretary of Agriculture Tom Vilsack: I should point out, when you talk about the SNAP program or the foot stamp program, you have to recognize that it’s also an economic stimulus. Every dollar of SNAP benefits [...]
Cost effective government management… we need more of this don’t we? President Barack Obama on Thursday toured a vehicle battery plant in Michigan, touting his administration’s focus on green technology and jobs, at a corporation where federal money authorized by the economic stimulus law that Obama signed at the beginning of his presidency had created [...]
A few days ago I linked to a report that calculated the actual Keynesian "spending multiplier" associated with the Obama stimulus plan to be very close to 1 (no growth)…
Time for another group of stories chronicling the current state of our economy:CNBC – "What Happened To The Restaurant Recovery"?Eating out is considered to be a leading indicator of leisure…
It seems that we have been getting bogus data on the number of jobs "saved or created". From the AP, emphasis mine: A Colorado company said it created 4,231 jobs…
This just in–not only is the federal government no good at "creating or saving" jobs with tax dollars, but they're also no good at counting the scant few jobs that…
According to the NY Times (emphasis mine): Businesses that got stimulus contracts directly from the federal government reported creating or saving 30,383 jobs so far, according to data published Thursday…
I speculated recently that the worm may be turning as it relates to the Obama administration's political capital. The near Teflon like protection that a fawning press afforded him is…
Straight from the mouth of the man charged with appropriating Stimulus funds overseeing Stimulus fund distribution, VP Joe Biden: "No one realized how bad the economy was. The projections,…
Like it’s 1773, that is: The markets are not reacting very well to Barack Obama’s latest spending plan, which is to spend about seventy five billion dollars to rescue people…
That's the official word from President Obama. It's awful when the financial sector gives its employees $18.4 billion in bonuses. It's inexcusable when Merrill Lynch CEO John Thain spends $1…
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