Posts Tagged ‘Obamanomics’

The Art of Waste: Recycling SOLyndra


Monday September 3rd, 2012   •   Posted by Lloyd Billingsley at 7:02pm PDT   •   2 Comments

“Solyndra’s power solutions offer strong return on investment and make great business sense.” That is a rather strange claim for the website of Solyndra Inc., accessed on August 29, 2012 no less. Some history is in order. Solyndra was the first renewable energy firm to get federal stimulus money and bagged $535 million in…
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83% of Doctors May Quit Over ObamaCare


Monday July 9th, 2012   •   Posted by David Theroux at 5:29pm PDT   •   7 Comments

In The Daily Caller, Sally Nelson reports today that: Eighty-three percent of American physicians have considered leaving their practices over President Barack Obama’s health care reform law, according to a survey released by the Doctor Patient Medical Association. The DPMA, a non-partisan association of doctors and patients, surveyed a random selection of 699 doctors…
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Entitled to Waste: Mo’ Better Bonuses at the GSA


Wednesday June 27th, 2012   •   Posted by Lloyd Billingsley at 4:47pm PDT   •   3 Comments

U.S. General Services Administration (GSA) administrator Daniel M. Tangherlini, “serves a vital role in President Obama’s agenda to build a more sustainable, responsible and effective government for the American people.” He has his work cut out for him. Federal workers are paid about twice as much as workers in the private sector, but at…
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Crony Capitalism and Phony Energy


Thursday February 16th, 2012   •   Posted by Emily Skarbek at 6:52am PST   •   0 Comments

A revolving door between green energy firms and the Department of Energy is a prime example of crony capitalism in full swing. As the Washington Post reports, rent-seeking businessmen like Sanjay Wagel are going where the money is. Following an enduring Washington tradition, Wagle shifted from the private sector, where his firm hoped to…
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Previewing the New Obama Budget


Saturday February 11th, 2012   •   Posted by Craig Eyermann at 9:10am PST   •   2 Comments

USA Today reports that the difference between what the federal government under President Obama will have spent in 2012 and how much it will collect in taxes and other revenue sources will be $1.33 trillion: The budget, an outline of which was released by the White House Friday night, will show a higher deficit…
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Yet Another Government-Funded “Green” Company Goes Bankrupt


Thursday January 26th, 2012   •   Posted by David Theroux at 10:56pm PST   •   2 Comments

In an Associated Press article in the San Jose Mercury News, “Parent of Obama-backed battery maker goes bankrupt,”Matthew Daly reports that yet another “green” company that received corporate welfare from the Obama administration has now gone bankrupt. In this case, the electric car-battery company Ener1 received $118 million from the Department of Energy in…
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Another U.S. Government “Green” Corporate-Welfare Failure, This Time via Finland


Saturday December 31st, 2011   •   Posted by David Theroux at 6:39pm PST   •   9 Comments

Christopher Jensen reports in the New York Times on yet another disaster from the massive U.S. corporate-welfare (i.e., pork) for “green” cars, this time luxury vehicles for the uber-rich: Fisker Automotive is recalling all 239 of its 2012 Karma luxury plug-in hybrid cars because of a fire hazard, according to a report filed with the…
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Freddie Mac Wants a Bailout of $6 Billion More


Thursday November 3rd, 2011   •   Posted by David Theroux at 10:31pm PDT   •   1 Comment

Shahien Nasiripour reports at The Financial Times in “Freddie Mac seeks further $6bn from taxpayers” that: Freddie Mac, the US-controlled mortgage financier, has requested an additional $6bn from US taxpayers, following a $4.4bn third-quarter loss, the company’s worst three-month performance in more than a year. The home loan group said more homeowners were falling…
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Washington Breaks Government Spending Record: $3.6 Trillion


Tuesday October 25th, 2011   •   Posted by David Theroux at 11:39pm PDT   •   1 Comment

The Wall Street Journal reports in “A New Spending Record: Washington had its best year ever in fiscal 2011″ that: Maybe it’s a sign of the tumultuous times, but the federal government recently wrapped up its biggest spending year, and its second biggest annual budget deficit, and almost nobody noticed. Is it rude to…
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U.S. Regulatory Tsunami Is Destroying Jobs


Sunday September 18th, 2011   •   Posted by David Theroux at 11:08am PDT   •   1 Comment

In his article, “New report cites ‘regulatory tsunami’ under Obama,” Byron York reports in the Washington Examiner that a new report from the House Government Oversight and Reform Committee reveals that instead of his claim to oppose job-killing regulations, President Barack Obama has radically expanded federal regulations, producing a “regulatory tsunami that has stifled…
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