Obama, Pelosi and Reid still maintain that doling out all the stimulus money saved jobs. It did – theirs. As recently as the State of the Union speech, they actually begged for more stimulus money – $155 billion more. That is like burning down the hotel you got to stay in for free, then disputing your mini-bar charge.
In the same State of the Union speech Obama said that spending would not cost tax payers a dime. As is tradition, Bernie Madoff was absent from the floor of Congress during Obama's speech to ensure continuity of government, should anything like an attack occur.
Rich Democrat donors also got payback. The farcical "green" energy company Solyndra defaulted on more than half a billion dollars of our money, while Obama mega-donor George Kaiser finagled his interest ahead of ours. Other beneficiaries of Obama's largesse for dubious deals include Larry Page and Sergey Brin (if you Google them you will find they founded Google) for Tesla Motors, NRG Solar owners Warren Buffet and Steve Cohen, and Siga Tech owner Ronald Pearlman. All told, more than 75 percent of stimulus grants and money for such "businesses" found their way to big Obama supporters.
http://www.ocregister.com/opinion/stimulus-501352-money-obama.html
Data from:
http://www.recovery.gov/Pages/default.aspx
The American Recovery and Reinvestment Act of 2009 distributes funds in three ways:
| Category | Funds Paid Out |
|---|---|
| Tax Benefits | $290.7B |
| Contracts, Grants, Loans | $251.4B |
| Entitlements | $246.3B |
As of: 03/15/2013
Source for Distributing and Reporting: US Treasury, Federal Agency Financial and Activity Reports
My thoughts.. look at the two catagories. Tax Benefits and Entitlements...
No further commet required... by me.. Isuggest you browse the data, have your barf bag handy.
A lie is as good as the truth, right?
ReplyDeletehttp://www.politifact.com/subjects/stimulus/
Mick, your link is not the argument here, read the two of three areas, tax benefits and entitlements this is not from a political fact checker, with a political agenda of its own it is from u.s. dot gov.
ReplyDeleteThe stimulus was a way to fund political agendas, nothing else, a community organizers dream a vast bucket of money and an unaccountable way to see how it got wasted.
TD, Politifact is as unbiased a site as can be found, they treat Obama and the Republicans equally, calling a lie a lie. If you follow the link you will find that much of your screed about solar energy is a tissue of lies. Secondly, if it had not been for the stimulus, we would still be in a deep recession with unemployment ever higher. Your reference to community orginizers does not escape me as a back handed reference to the President and clearly demonstrates your bias.
ReplyDeletePolitiFact.com is a project of the Tampa Bay Times.
DeleteThe Tampa Bay Times, previously named the St. Petersburg Times, the Pittsburgh Post-Gazette described the St. Petersburg Times/Tampa Bay Times as a "usually liberal" newspaper.
It's easy to claim that with out the stimulus we would still be in a deep recession. We will never know however, the truth of the matter is Ben at the Fed has bailed out this economy and the market with his QE 1-3 and Operation Twist 1&2 not to mention ZIRP policy.
Delete