Category Archives: 2009 Stimulus Bill

Obama hustles and lies in state of union speech, Obama the hustler, Obama devastates US economy, middle class young and students, Rush Limbaugh nails it, More businesses failed during Obama 6 years

Obama hustles and lies in state of union speech, Obama the hustler, Obama devastates US economy, middle class young and students, Rush Limbaugh nails it, More businesses failed during Obama 6 years

“I didn’t like Obama from the beginning, I thought he was a hustler and I think he still is.”…Bartle Bull, lifelong Democrat and civil rights activist, July 1, 2010

“I mean, yeah, he’s got a lot to brag about here, doesn’t he? Is he gonna brag about 92.8 million Americans not working? Is he gonna brag about the absolute mess that HealthCare.gov has been from the get-go? Is he going to brag about all the states he has sued who have attempted to pass legislation in those states to enforce already existing immigration laws? Is he gonna brag about how he has stopped deporting almost anyone except the most hardened criminals? Is he gonna brag about getting to the bottom of the IRS targeting of the Tea Party? Is he gonna brag about getting to the bottom of what happened at Benghazi? Is he gonna brag about finally finding out what happened with the VA scandals and straightening that out?”…Rush Limbaugh January 20, 2015

And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″

 

I did not watch the State of the Union speech for the same reasons that Rush Limbaugh didn’t watch.

Obama is a hustler and a liar.

He has destroyed the US economy, health care system, businesses and jobs.

From Rush Limbaugh January 21, 2015.

“Why I Didn’t Watch the Obama State of the Union Show”

“I never thought, I mean, I thought I might get close to it. I never thought the day would come where I did what I did last night. I did not watch. I did not turn it on. I didn’t have the State of the Union on with the sound down. I didn’t have a channel on where you could see the State of the Union. I today am a proud member of the low-information crowd. I didn’t watch it.”

“And now look. Look at how far Obama has actually fallen, just in that measure alone, how many people have no interest in listening to what he has to say. And that was it for me. I literally had no interest, because I knew what was gonna be said, and more than that, I knew how it was going to be said. I knew that I was gonna be insulted. I knew the things I believe in are gonna be insulted, with a gloating air about it, and I just didn’t want to put up with it.

I’ve got enough other things going on in life now that are far more deserving of my attention than that, particularly when I knew there wasn’t gonna be any real news in this thing last night. There wasn’t gonna be anything unexpected. There wasn’t gonna be anything brand-new. There wasn’t gonna be anything real meaningful as far as that concerned, other than continued obfuscation.”

Read More:

http://www.rushlimbaugh.com/daily/2015/01/21/why_i_didn_t_watch_the_obama_state_of_the_union_show

From Rush Limbaugh January 20, 2015.

“Now, you know presidents, when they go to the State of the Union show, they try to list and rattle off their accomplishments from over the last year or during their presidential terms. So what will Obama point to as his accomplishments since the last State of the Union show? Is he gonna brag about the rise of ISIS? Is he gonna brag about how we’ve lost Iraq and we’re the on brink of losing Afghanistan?

Did you see that ISIS killed 13 young boys because they watched a soccer game? Yeah, so is Obama gonna talk about how he has stopped the rise of ISIS? Is he gonna brag about how we’ve lost Iraq, gonna brag about we’re on the brink of losing Afghanistan? Is he gonna brag about freeing dozens of prisoners at Guantanamo Bay? Is he going to brag about trading five of the worst of them for a man who may have deserted his post, that would be Bergdahl? Is Obama gonna brag about swapping five Cuban terrorists, a couple of whom were actually convicted of murder, for some American hostages the Castros were holding for bargaining chips?

I mean, yeah, he’s got a lot to brag about here, doesn’t he? Is he gonna brag about 92.8 million Americans not working? Is he gonna brag about the absolute mess that HealthCare.gov has been from the get-go? Is he going to brag about all the states he has sued who have attempted to pass legislation in those states to enforce already existing immigration laws? Is he gonna brag about how he has stopped deporting almost anyone except the most hardened criminals? Is he gonna brag about getting to the bottom of the IRS targeting of the Tea Party? Is he gonna brag about getting to the bottom of what happened at Benghazi? Is he gonna brag about finally finding out what happened with the VA scandals and straightening that out?

Or is he gonna skip listing all of these accomplishments and just move on to listing even more ways he wants to buy votes for Democrats in the future? Again, a study out today by a couple of scholars that reports that Obama actually has the second worse State of the Union success rate for any president over the last 50 years, and that would be Gerald Ford, who wasn’t even elected.

Look at what Gerald Ford faced. Gerald Ford faced a country and a media still wallowing in Watergate. Ford’s success rate was 28%, Obama’s is 30, 30% of what Obama has proposed has actually happened, and it’s going to be probably more of the same tonight. And don’t forget that for two years of his tenure, Obama even had a Democrat-controlled Congress, which makes this 30% success rate somewhat unimpressive. ”
“This is an interesting. I’ve been holding this story for couple of days. It’s a Reuters story. “Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: The decline of the middle class that he has promised to rescue.” What is this from Reuters? A little truth here? Right here, that open is exactly why the State of the Union is being done the way it’s being done tonight and why all of these talks of tax increases on the rich are taking place.

Obama has fixed it so that the only way the middle class benefits is via the redistribution of wealth (and that means government benefits) instead of going out and working and getting jobs. “Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: the decline of the middle class he has promised to rescue.” In reality, it is impossible to erase. It is what it is. But that’s what tonight’s gonna be about: erasing this and making it look like things have never been better.

Frankly, folks, I don’t want to be lied to about it. Things are not looking better than ever. There’s nothing Obama has done that sets this country up for vast growth and improvement. It’s the exact opposite. “The revival of middle-class jobs has been one of Obama’s mantras since he took office in 2009 fighting the worst economic crisis in generations. It was a major theme of his last State of the Union address and is expected to feature in the one scheduled for [tonight].”

Read more:

http://www.rushlimbaugh.com/daily/2015/01/20/who_cares_about_the_state_of_the_union_it_s_just_lies_and_empty_promises

From Jim Clifton Chairman and CEO of Gallup

“The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity. Countries such as Hungary, Denmark, Finland, New Zealand, Sweden, Israel and Italy all have higher startup rates than America does.

We are behind in starting new firms per capita, and this is our single most serious economic problem. Yet it seems like a secret. You never see it mentioned in the media, nor hear from a politician that, for the first time in 35 years, American business deaths now outnumber business births.

The U.S. Census Bureau reports that the total number of new business startups and business closures per year — the birth and death rates of American companies — have crossed for the first time since the measurement began. I am referring to employer businesses, those with one or more employees, the real engines of economic growth. Four hundred thousand new businesses are being born annually nationwide, while 470,000 per year are dying.

Until 2008, startups outpaced business failures by about 100,000 per year. But in the past six years, that number suddenly turned upside down. There has been an underground earthquake. As you read this, we are at minus 70,000 in terms of business survival. The data are very slow coming out of the U.S. Department of Census, via the Small Business Administration, so it lags real time by two years.

Net Number of New U.S. Firms Plummets

Business startups outpaced business failures by about 100,000 per year until 2008. But in the past six years, that number suddenly reversed, and the net number of U.S. startups versus closures is minus 70,000.

My hunch is that no one talks about the birth and death rates of American business because Wall Street and the White House, no matter which party occupies the latter, are two gigantic institutions of persuasion. The White House needs to keep you in the game because their political party needs your vote. Wall Street needs the stock market to boom, even if that boom is fueled by illusion. So both tell us, “The economy is coming back.”

Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses.

Dead-Wrong Thinking

It is catastrophic to be dead wrong on the biggest issue of the last 50 years — the issue of where jobs come from. Our leadership keeps thinking that the answer to economic growth and ultimately job creation is more innovation, and we continue to invest billions in it. But an innovation is worthless until an entrepreneur creates a business model for it and turns that innovative idea in something customers will buy. Yet current thinking tells us we’re on the right track and don’t need different strategies, so we continue marching down the path of national decline, believing innovation will save us.”

Read more:

http://www.gallup.com/businessjournal/180431/american-entrepreneurship-dead-alive.aspx?utm_source=WWWV7HP&utm_medium=topic&utm_campaign=tiles

And sending more Americans to college will not help either.

We do not have sufficient jobs for current graduates.

Obama economy and Obamacare create more homeless kids, 2.5 million children, 1 in 30 American kids, 8 percent increase from 2012 to 2013, Increased in 31 states and DC, Record dropouts in labor force, Record food stamps

Obama economy and Obamacare create more homeless kids, 2.5 million children, 1 in 30 American kids, 8 percent increase from 2012 to 2013, Increased in 31 states and DC, Record dropouts in labor force, Record food stamps

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Smoke and mirrors will work for a while.

The 2014 elections helped reveal the truth.

The financial markets have been propped up by the fed.

There has been a disconnect between Wall St. and Main St. or more troubling, no street, no home no hope.

2.5 million children in the US are homeless.

There was an increase of 8 percent from 2012 to 2014.

Obama’s self serving policies are a big reason for this.

Record numbers of people have dropped out of the labor force.

Record numbers of people have had their hours reduced or could only find part time jobs as a direct result of Obamacare.

Record numbers of people depend on public assistance.

From the National Center for Family and Homelessness.

“America’s Youngest Outcasts reports on child homelessness in the United States based on the most recent federal data that comprehensively counts homeless children, using more than 30 variables from over a dozen established data sets.
A staggering 2.5 million children are now homeless each year in America. This historic high represents one in every 30 children in the United States. Child homelessness increased in 31 states and the District of Columbia from 2012 to 2013. Children are homeless in every city, county, and state—every part of our country.
Based on a calculation using the most recent U.S. Department of Education’s count of homeless children in U.S. public schools and on 2013 U.S. Census data:
• 2,483,539 children experienced homelessness in the U.S. in 2013.
• This represents one in every 30 children in the U.S.
From 2012 to 2013, the number of children experiencing homelessness annually
in the U.S.:
• Increased by 8% nationally.
• Increased in 31 states and the District of Columbia.
• Increased by 10% or more in 13 states and the District of Columbia.”

“Prevalence of Child Homelessness in the United States
Based on 2013 data released in September 2014 by the U.S. Department of Education, combined with an estimate of younger non-school aged homeless children in the U.S., the number of children experiencing homelessness annually is 2,483,539—or 2.5 million children, an historic high. Using U.S. Census estimates of the total population of children under 18 years in 2013, this represents one in every 30 children.1”

HomelessKids

Read more:

Click to access 280.pdf

 

 

 

NSA spies on Merkel, US Treasury criticizes German economy, Germany may grant asylum to Edward Snowden and seek testimony, Obama et al ruin US economy and continue to blame others

NSA spies on Merkel, US Treasury criticizes German economy, Germany may grant asylum to Edward Snowden and seek testimony, Obama et al ruin US economy and continue to blame others

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP). That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007. “…CBO September 17, 2013

“So if Obama was hoping that all the late summer scandals that have taken his reputation to an all time low would at least push the NSA spying scandal away from the front page, he may need some additional fabricated and YouTube-validated false flag wars very soon.”…Zero Hedge October 31, 2013

 

 

Obama et al have ruined the US economy, are in the process of ruining our health care system with Obamacare and they continue to blame everyone else.

From Zero Hedge October 31, 2013.

“US Blasts Germany’s Economic Model; Germany Blasts Right Back… And May Use Snowden As Leverage”

“The chart below showing the portion of GDP generated through net exports by select group of trade surplus countries is well-known to most. Except, it seems, to the Treasury. Apparently to Jack Lew’s henchmen it comes as a complete shock that
Germany’s exports account for 41.4% of GDP – 50% more than traditionally
evil “mercantilist” China.

It is also a complete shock to the US Treasury that the current layout of the Eurozone – the same Eurozone that the Fed has stepped in on numerous occasions to bailout, common currency and all – was simply to facilitate German exports to fellow European countries.

Which is probably why, after years of saying nothing, in its semi-annual currency report released yesterday and “employing unusually sharp language, the U.S. openly criticized Germany’s economic policies and blamed the euro-zone powerhouse for dragging down its neighbors and the rest of the global economy.”

You see it was all Germany’s fault.”
Why the US would scramble to antagonize a Germany which as recently as a week ago was shocked to find out the NSA was spying on its beloved Angela Merkel is a mystery but apparently now that the fiction that Europe is “fine” and nobody can criticize it has ended and is no longer necessary because Spain is, in its own words, recovering, it is fair game to throw Germany and all other nations that dare to export better and more competitive goods and services than the US. under the bus. Because, you see, unless every “ally” of the US has the same “growth” model of internal consumption funded by titanic amounts of debt, be it household, corporate of sovereign, and is in the same insolvent boat at the end of the day as the US, they deserve to be spat upon.

“”The U.S. government should critically analyze its own economic situation,” said Michael Meister, a senior lawmaker and close ally of Chancellor Angela Merkel, criticizing the high debt level in the U.S., which “doesn’t just unsettle [the U.S.], but has negative effects on the global economy.”

“The German economy is competitive, with record-high employment—so it’s really not understandable why we’re being blamed for this success,” Mr. Meister added.”

Read more:

http://www.zerohedge.com/news/2013-10-31/us-blasts-germanys-economic-model-germany-blasts-right-back-and-may-use-snowden-leve

 

 

 

US economy healthy?, Obama Democrat economic policies helped?, 12.6 % more part time jobs, High unemployment, Labor force plummeted, Average length of unemployment more than double, Median household income dropped

US economy healthy?, Obama Democrat economic policies helped?, 12.6 % more part time jobs, High unemployment, Labor force plummeted, Average length of unemployment more than double, Median household income dropped

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP). That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007. “…CBO September 17, 2013

 

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Anyone who believes that the US
economy is healthy and has improved under Obama and the Democrats is some combination of the following:

Illiterate
Crazy
Sleeping under a rock.
Gullible
Liberal Democrat.

Ok I know, the last one was redundant.
This has always been and will always be a group effort.

Real citizen journalism.

Commenter bob strauss provided a link to an excellent article about the true state of the economy.

The article from Independent Review Journal, in a series of graphs, paints a picture of the true state of the economy and the changes in the past 5 years.

  • There are 12.6 percent more part time jobs and 4.6 percent fewer full time jobs.
  • Even with part time workers being counted the stated unemployment rate is 7.3 percent instead of 5 percent.
  • The labor force participation rate has plummeted 3 percent.
  • The average length of unemployment has risen from 17.7 weeks to 37 weeks.
  • Median household income has dropped $ 5,000.

Oct2013Slide-1-Full-Time-vs-Part-Time

Oct2013Slide-8-Housing

Oct2013Slide-10-Debt

Read more:

http://www.ijreview.com/2013/09/80348-16-stats-put-claim-economy-healthy-shame/

Obama lies March 2, 2013, Obama lies hypocrisy exposed in NC, John Hammer Rhino Times, Sequester Bob Woodward, Does Obama have any Chicago friends not in prison?

Obama lies March 2, 2013, Obama lies hypocrisy exposed in NC, John Hammer Rhino Times, Sequester Bob Woodward, Does Obama have any Chicago friends not in prison?

“If the Bush tax cuts were only for the wealthy, as the media has been telling us now for years, why, if the tax cuts are allowed to expire, is it going to be disastrous for the middle class? Tax cuts for the wealthy are not going to affect the middle class whether they expire or not. Is it possible that the media has been lying to us all this time and the Bush tax cuts were for the middle class as well as the wealthy? It seems like even the Democrats would have to admit that is the case, if they were honest.”…John Hammer, Rhino Times

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

“There is enough corruption in Illinois so that all it takes is someone who is serious about finding it to uncover it. If a U.S. attorney is not finding corruption in Illinois, they’re not seriously looking for it.”…Northwestern Law Professor James Lindgren

 

In print in NC.

From John Hammer of the Rhino Times February 28, 2013.

“I can’t believe the level to which President Barack Hussein Obama has
sunk with this whole sequester mess. First of all it was his idea. He
can blame it on the Republicans all he wants but this was his idea.
Even noted liberal writer Bob Woodward has written that it was Obama’s
idea.”

“The federal government is on line to spend $3.8 trillion this year.
The sequester will limit the federal government to spending $3.715
trillion, so apparently the only thing in that entire budget that can
be cut are air traffic controllers, Transportation Security
Administration agents at airports, Border Patrol agents, education
funding and other services that directly affect people.

The truth is that nobody is really talking about cutting anything. For
one thing the federal government doesn’t have a budget. It has not had
one since the first year Obama took over as president. There is no
budget, so federal agencies just keep growing. All the sequester does
is cut back on the rate of growth a little bit.

Why should the federal government grow every year? If all the federal
services that were provided in 2012 were provided at exactly the same
level by employees being paid exactly the same amount of money would
that cause massive problems for the people of the country?

The sequester doesn’t even come close to doing that. It just calls for
across-the-board cuts that reach a level of $85 billion. Last year the
federal government spent over $2 billion providing cell phones to
people who could not afford them. I didn’t know that owning a cell
phone was an inalienable right like life, liberty and the pursuit of
happiness, but evidently it is important enough for the federal
government to spend $2 billion on Obama-phones. Of course, that was an
election year. The federal government might not have to spend quite as
much on Obama-phones since all those votes have been cast.

Imagine for just a moment if the sequester meant that the Air Force
One pilot would be furloughed and the Obamas could not fly anywhere
they wanted at any moment. Imagine if just one week a month the Obamas
couldn’t fly anywhere because they didn’t have a pilot.

Or what if the sequester caused Obama’s favorite golf course to be
closed on Sundays. Or isn’t it possible that with the sequester the
White House chef would be laid off?

In fact, it is somewhat amazing that the American people are going to
be so inconvenienced by the reduction in anticipated spending that
this sequester brings, but the president will not be inconvenienced at
all.

Imagine – according to Obama the federal government can’t survive on a
mere $3.715 trillion without making drastic cuts to services that many
Americans use.

In 2008, the last budget of the George Walker Bush administration
total federal spending was $2.9 trillion. Obama has increased spending
during his four years by nearly $1 trillion. If the federal government
went back to the 2008 budget that would cut almost $1 trillion from
the current spending pattern (as noted, there is no budget). But were
things really so bad in 2008? I remember flying in 2008 and there were
no long delays because of a lack of air traffic controllers. The
national parks were open, and children were being educated. So four
years ago Bush was able to run the country on $1 trillion less, but in
2013 Obama can’t run the country on $85 billion less?

If Obama wanted to he could cut $85 billion from projected federal
spending and no one would notice except for the overpaid, underworked
administrators who would be laid off. The federal workforce is a huge
pork barrel. You have employees who work really hard and do an
outstanding job, and you have entire departments who do nothing
useful. Obama doesn’t want to eliminate the entire departments who do
nothing useful because that would be evidence that the federal
government doesn’t need to raise taxes. He is going to do everything
in his power to make the reductions in projected spending as painful
as possible.

One report said that although Air Force One will not be touched by the
reduction in the rate of growth that the Air Force might stop
providing planes for congressional junkets.

It is extremely hard to write about the sequester without writing
about cuts, but in reality there are no cuts. Imagine a child who
really wants a pony for Christmas and begs and pleads for a pony for
months. Christmas morning comes and there is no pony. Now can that
child say that she lost a pony? Can she say that she had a pony and it
was taken away from her? Not according to most people. But if a
federal department is expecting an increase and that increase is
reduced that is considered a cut.

Only in government can someone get 10 percent more than the previous
year and call it a cut in spending.”

“Most people in the country don’t read Under the Hammer, and far too
many simply take what is presented in the mainstream media as fact. It
is a sad day for journalism but, just like ABC editing Michelle
Obama’s comments, the reporting on the Obama administration is as much
fantasy as fact.

Even Bob Woodward felt the need to step up and remind primarily
reporters that Obama was the one who came up with sequester idea and
supported it.”

“Jackson was co-chairman of the Obama presidential campaign in 2008,
but if you are reading articles about Jackson going to prison you
don’t often see that job mentioned or any reference to what a close
relationship Jackson and Obama had at one time.

Jackson’s sister and Michelle Obama were good friends when they were
growing up. Jesse Jackson Sr. has said Michelle was over at his house
all the time as a teenager.

Does Barack Obama have any friends left in Chicago who aren’t in
prison? Obama’s close friend Tony Rezko, who was kind enough to help
Obama buy his house in Chicago, is in jail for fraud. Former Gov. Rod
Blagojevich is also in prison. Obama claimed credit for getting
Blagojevich elected governor. He used to say that he ran the campaign.
However, now Blagojevich is just some guy from Chicago that Obama may
have bumped into a few times.

Really, you look at Obama’s friends and you have to wonder what kind
of man we have elected as president. One of his best buddies is Bill
Ayers, who is an unrepentant domestic terrorist. Ayers participated in
bombings in that killed people and got off on a technicality. Back
when Ayers was running from the law, I’m sure he had no idea that one
day he’d be a good friend with the president of the United States.

Consider also that Obama’s brother, George Obama, lives in abject
poverty in Kenya. George Obama lives in a hovel made of old pieces of
metal and cardboard. In an interview he said he lived on $1 a month.
His brother is the most powerful man in the world and privately worth
millions of dollars, yet Barack Obama won’t send his brother George
$10 a year to double his income. It’s frightening to think of what
kind of man is running the country.”

Well worth reading more:

http://greensboro.rhinotimes.com/Articles-Columns-c-2013-02-27-214943.112113-Under-the-Hammer.html

Sequestration begins, March 1, 2013, Congress fails to reach agreement, More Obama failure and blame, $85 billion spending sequesters

Sequestration begins, March 1, 2013, Congress fails to reach agreement, More Obama failure and blame, $85 billion spending sequesters

“Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”…Barack Obama 

“What do you think a stimulus is? It’s spending – that’s the whole point! Seriously.”…Barack Obama

“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher

 

More Obama spending failures and blaming others.

From the Washington Times March 1, 2013.

“Sequestration process begins: Congress fails to reach agreement on budget fixes before deadline”

“The federal government careened into the $85 billion spending sequesters Friday, embracing some of the biggest budget cuts in American history — though it will take weeks for most of the pain to be felt.

Most lawmakers said they had hoped to avoid the across-the-board cuts but couldn’t come to a consensus on how to do so. Senators defeated two last-ditch efforts Thursday and then House members skipped town for the weekend, leaving it to President Obama to begin carrying out the cuts, which he said he would do just before midnight.

He has scheduled a Friday morning meeting with congressional leaders to talk about the situation, but no action is expected.
In the short term, the White House has directed federal agencies to curtail travel, cancel any bonuses they aren’t legally obligated to pay, and begin writing plans for how to furlough employees.

Those furlough notices will go out in coming weeks, and federal contractors and state and local governments will have to adjust to lower federal funding.
It’s pain that few in Washington wanted. But lawmakers were unable to settle on a more palatable alternative, making the sequesters, in effect, a bad idea whose time has come.”

“Mr. Obama chastised senators for failing.

“Instead of closing a single tax loophole that benefits the well-off and well-connected, they chose to cut vital services for children, seniors, our men and women in uniform and their families,” he said. “They voted to let the entire burden of deficit reduction fall squarely on the middle class.””

“Some of the pain the administration has warned about may not be true.

Education Secretary Arne Duncan, speaking in the White House briefing room this week, pointed to a school district in West Virginia that he said was laying off teachers because of the sequester. But school officials there said it had nothing to do with the sequester.”

http://www.washingtontimes.com/news/2013/feb/28/sequester-imminent-after-senate-fails-act/

Sequestration impact on Federal Education Programs, Automatic across the board reductions in discretionary programs, Obama stimulus and failed energy spending helped create huge deficit

Sequestration impact on Federal Education Programs, Automatic across the board reductions in discretionary programs, Obama stimulus and failed energy spending helped create huge deficit

“Why was Obama in constant contact with Tony Rezko in 2004 when Rezko was conspiring with William Cellini to use TRS, Teacher Retirement Fund, assets for political gain and personal enrichment?”…Citizen Wells

“What do you think a stimulus is? It’s spending – that’s the whole point! Seriously.”…Barack Obama

“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher

Much is being said about the impact of sequestration on federal education spending.

From the NEA.

“Impact of Sequestration on Federal Education Programs – State-by-State

Across-the-board cuts known as “sequestration” are scheduled to go into effect on March 1, 2013 unless Congress acts.  These cuts – nearly $3 billion for education alone —  would result in:

  • Services cut or eliminated for millions of students.
  • Funding for children living in poverty, special education, and Head Start slashed by billions.
  • Ballooning class sizes.
  • Elimination of after-school programs.
  • Decimation of programs for our most vulnerable—homeless students, English language learners, and high-poverty, struggling schools.
  • Slashing of financial aid for college students.
  • Loss of tens of thousands of education jobs—at early childhood, elementary, secondary, and postsecondary levels.

http://www.nea.org/home/52610.htm

Sequestration defined.

From Idea Money Watch.

Q. What is sequestration? (Pronounced se″kwes-tra´shun)
A. Sequestration is a fiscal policy procedure adopted by Congress to deal with the federal budget deficit. It first appeared in the Gramm-Rudman-Hollings Deficit Reduction Act of 1985.

Simply put, sequestration is the cancellation of budgetary resources — an “automatic” form of spending cutback. (Learn more here.)
 Q. Why is sequestration important now?

A. The Budget Control Act of 2011 (BCA) established a 12 member Joint Select Committee on Deficit Reduction  (or “super committee”)  charged with reducing the deficit by an additional $1.2 – $1.5 trillion over ten years. The BCA also included a sequestration hammer should the super committee fail, a provision intended to “force” the super committee to act.

Despite the threat of sequestration, the super committee failed. Announcing its inability to reach an agreement on November 21, 2011, the members of the bipartisan committee stated  that “after months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.”

So, as established in the BCA, sequestration was triggered when the super committee failed to reach an agreement. Sequestration generates automatic cuts for each of nine years, FY 13-21, totaling $1.2 trillion. Sequestration was originally scheduled to take effect on Jan. 2, 2013. However, it was delayed for two months – until March 1, 2013, by the deal struck on New Year’s Eve, called the American Taxpayer Relief Act of 2012.

Now, without Congressional action to prevent sequestration, the first round of cuts will take place on March 1, 2013.

The 2013 cuts apply to “discretionary” spending and are divided between reductions to  defense ($500 billion) and non-defense ($700 billion). 

Q. What must occur in order to avoid sequestration?  


A.
 Sequestration can only be avoided if Congress passes legislation that undoes the legal requirement in the BCA and that President Obama will sign before March 1, 2013.

While advocacy efforts to prevent sequestration are beginning to spring up, the strongest efforts focus on preventing the deep cuts to defense spending.


Q. Can the Executive Branch reconfigure sequestration cuts?


A. 
No. The cuts are automatic, across-the-board reductions to all discretionary programs unless exempted by the BCA. (A list of exempt programs is available here
.) The Executive Branch will have no authority or ability to redistribute the cuts.

http://www.ideamoneywatch.com/main/index.php?option=com_content&view=article&id=60&Itemid=72

$ 3 billion in education cuts because our spending is out of control.

How did that happen?

Here is part of the reason.

A $840 billion Obama stimulus program.

From The Foundry October 18, 2012.

“The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.”

“So far, 34 companies that were offered federal support from taxpayers are faltering — either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy and other agencies. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.

The complete list of faltering or bankrupt green-energy companies:

  1. Evergreen Solar ($25 million)*
  2. SpectraWatt ($500,000)*
  3. Solyndra ($535 million)*
  4. Beacon Power ($43 million)*
  5. Nevada Geothermal ($98.5 million)
  6. SunPower ($1.2 billion)
  7. First Solar ($1.46 billion)
  8. Babcock and Brown ($178 million)
  9. EnerDel’s subsidiary Ener1 ($118.5 million)*
  10. Amonix ($5.9 million)
  11. Fisker Automotive ($529 million)
  12. Abound Solar ($400 million)*
  13. A123 Systems ($279 million)*
  14. Willard and Kelsey Solar Group ($700,981)*
  15. Johnson Controls ($299 million)
  16. Brightsource ($1.6 billion)
  17. ECOtality ($126.2 million)
  18. Raser Technologies ($33 million)*
  19. Energy Conversion Devices ($13.3 million)*
  20. Mountain Plaza, Inc. ($2 million)*
  21. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
  22. Range Fuels ($80 million)*
  23. Thompson River Power ($6.5 million)*
  24. Stirling Energy Systems ($7 million)*
  25. Azure Dynamics ($5.4 million)*
  26. GreenVolts ($500,000)
  27. Vestas ($50 million)
  28. LG Chem’s subsidiary Compact Power ($151 million)
  29. Nordic Windpower ($16 million)*
  30. Navistar ($39 million)
  31. Satcon ($3 million)*
  32. Konarka Technologies Inc. ($20 million)*
  33. Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy.”

http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/

WE warned you.

Obama is doing to the US education system what he and his cronies did to Illinois.

From Citizen Wells March 29, 2012.

“Obama, Blagojevich and their cronies used the citizens of Illinois, Teachers Retirement System, hospitals and taxpayer dollars for their own benefit.”

“2003: “Of the five funds, the one in the sorriest shape is the Illinois Teacher Retirement System, which provides the pensions for suburban and downstate teachers. Its ratio of assets to liabilities stood at a mere 52 percent last year, so poor that it was considered among the five worst-funded plans in the country.”

“In 2002, the year after Obama made the pitch, the Illinois Teacher Retirement System reported an 18% increase in assets managed by minority-owned firms. Ariel’s share grew to $442 million by 2005.

In 2006, after the federal investigation became public, the teacher pension board severed its relationship with Ariel, concluding that Ariel’s investment returns were insufficient.”

“In addition to lining their own pockets, the money gained through the scheme was funneled to the campaigns of Blagojevich and Obama. Prosecutors have identified two $10,000 payments that were made to Obama’s US Senate campaign through straw donors Joseph Aramanda and Elie Maloof, which originated from a kickback paid by investment firm, Glencoe Capital, to secure approval for a $50 million deal.
Aramanda and Maloof also each gave Obama $1,000 for his failed run for Congress in 2000. Once Obama became a US Senator, Aramanda’s son was granted a coveted intern position in Obama’s Senate office in Washington during the summer of 2005, based on a request which the Obama’s camp has admitted came from Rezko.”

“Mr. Obama also recently pointed to his work on the Illinois pension issue as a model for what he would do as president to promote minority-owned companies.”

Read more:

https://citizenwells.wordpress.com/tag/obama-doing-to-us-what-he-did-to-illinois/

Ohio stimulus fraud discovered by inspector general audit, Ohio election fraud revealed by audit?, Ohio 2012 election certification includes absentee and provisional ballots

Ohio stimulus fraud discovered by inspector general audit, Ohio election fraud revealed by audit?, Ohio 2012 election certification includes absentee and provisional ballots

“What do you think a stimulus is? It’s spending – that’s the whole point! Seriously.”…Barack Obama

“An additional 2,735 were cast by people who elections officials believe were not registered in Ohio”…The Columbus Dispatch Nov. 21, 2012

“It’s not who votes that counts, it’s who counts the votes”…Joseph Stalin

From The Columbus Dispatch November 27, 2012.

“$255K in stimulus spending questioned by Ohio inspector general”

“than a quarter million dollars in federal stimulus money administered by a state agency may have been improperly spent, the Ohio inspector general found in a report released today.

The Ohio Department of Job and Family Services Office of Workforce Development “failed to adequately oversee” a $1 million federal grant for a jobs training initiative for southwest Ohio and $255,000 in spending was questioned by the inspector general.

The grant was used to pay cell phone bills, buy gift cards and rent an office from the company – shut down after it didn’t pay taxes – of a man on the board of the agency overseeing the grant, the probe found. The president of the group managing the grant got a salary that would have had her working 15.5 hours a day, seven days a week, investigators discovered. And more than $75,000 in wages were improperly documented.”

http://dispatchpolitics.dispatch.com/content/blogs/the-daily-briefing/2012/11/27-november-2012—odjfs-ig-report.html

After processing over 300,000 absentee and provisional ballots the Ohio 2012 election results were supposed to be certified yesterday, November 27, 2012. Some of the counties checked appear to have completed their counts.

From Citizen Wells November 27, 2012.

“Over 300,000 ballots were being processed recently in Ohio. 204,927 provisional ballots and 119,535 absentee ballots.

http://www2.sos.state.oh.us/pls/enrpublic/f?p=212:52:653548358565003::NO:::

How many provisional ballots were discarded?

The Ohio canvass for vote certification is supposed to end today.

Excessive confusion has abounded in Ohio due to most registered voters being sent absentee ballots and voter registration mismatches. Documented voter fraud and mistakes have been documented in many counties. Will the Ohio audit remedy this?

Here is another example of voter fraud or malfeasance.”

https://citizenwells.wordpress.com/2012/11/27/ohio-canvass-vote-certification-november-27-2012-provisional-ballots-counted-and-counted-correctly-hamilton-county-voter-fraud-double-votes-ohio-audit-trustworthy/

Hopefully the 2012 election audits in Ohio will be as vigilant as the Inspector General.

From Citizen Wells November 22, 2012.

“Ohio Secretary of State Directive 2012-56, 2012 post election audits.

DIRECTIVE 2012-56
November 20, 2012
To: All County Boards of Elections
Directors, Deputy Directors, and Board Members
Re: Post-Election Audits
SUMMARY
In 2009, the previous administration entered into a settlement agreement in the case of League of Women Voters, et al. v. Brunner [formerly Blackwell], N.D. Ohio No. 3:05-cv-7309. As explained in Advisory 2009-09, the League of Women Voters settlement agreement requires that county boards of elections conduct post-election audits of all ballots cast following general elections in even-numbered years and following presidential primary elections.
POST-ELECTION AUDIT PROCEDURES

A. Timeline

Each board of elections must conduct a post-election audit beginning no sooner than six days after the official certification of election results by the board of elections, unless there is an automatic recount (declared by the Board or, in the case of a multi-county district election, declared by the Secretary of State) or the board of elections has received a valid application for a recount. If a recount is conducted, the post-election audit shall begin immediately after the Board certifies the results of the recount. A board of elections must not conduct the audit before the Board’s certification of its official canvass of the election.
The Board must complete the post-election audit between the seventh day after the Board declares its official certification and the 28th day after the Secretary of State declares the official certification in a statewide election.”

https://citizenwells.wordpress.com/2012/11/22/ohio-2012-election-audit-november-20-2012-post-election-audit-procedures-secretary-of-state-directive-2012-56-absentee-military-ballots/

 

Obama jobs data, November 3, 2012, 7.9 percent unemployment record high, 14.6 percent actual, Jobs gained jobs lost net far below needed, Obama layoff bomb

Obama jobs data, November 3, 2012, 7.9 percent unemployment record high, 14.6 percent actual, Jobs gained jobs lost net far below needed, Obama layoff bomb

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984”

US employers added 171,000 jobs in October. Whoopie!

Did they mention the planned almost almost 48,000 job cuts. Or the other job losses or the average work week?

The stated unemployment rate of 7.9 percent is nothing to write home about either. Especially since the U6 rate, which includes those still seeking employment, is 14.6 percent.

From One News Now November 2, 2012.

“Unemployment rate number labeled ‘deceptive'”
“The October unemployment rate inched up to 7.9 percent from 7.8 percent in September. But Dan Celia of Financial Issues Stewardship Ministries continues to insist this final pre-election look at the job figures is fictitious.

At the same time, U.S. employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought.

The Labor Department’s last look at hiring before Tuesday’s election sketched a picture of a job market that is gradually gaining momentum after nearly stalling in the spring. However, it is the highest unemployment rate of any incumbent president since Franklin D. Roosevelt.

Meanwhile, Mitt Romney says the one-tenth-of-a-point increase in the unemployment rate to 7.9 percent is, quote, “a sad reminder that the economy is at a virtual standstill.””

“Dan Celia of Financial Issues Stewardship Ministries continues to insist this final pre-election look at the job figures is fictitious.

“I will remain in the camp — until I can have proven to me mathematically otherwise — that a 7.9-percent unemployment rate is a ridiculously fabricated, deceptive number about the unemployment rate,” he says. “We still have nowhere near those in the labor participation rate that we had in January of 2009, nothing close to it. It did go up, as would stand to reason; it went up two-tenths of one percent. That only means that it must have gone up a lot more than that …. I’m really being cynical here, but [they] couldn’t control it or spin it, so they had to add at least two-tenths of one percent, [which is] one of the reasons why unemployment went up to 7.9 percent.”

CeliaLong-term unemployment, according to Celia, still remains high.

“The U6 unemployment rate, that is the number of unemployment [plus] those still looking for jobs, is 14.6 percent,” he explains. “It did go down one-tenth of one percent. [But] there are still 23 million people struggling to find a job. There’s an 8-million job gap … between what the president said we would have at this time, compared to what we really have …. [That’s a] gap that I’m sure you’re not going to hear anyone talk about.”

He also predicts another aspect of the unemployment picture that likely will not be talked about very much.

“One of the big numbers here this week, today, was that hours worked per week did not change [dramatically]. It went down a tick [to] 34.4 hours per week,” he notes. “That is not a good forward-looking number, and that is some cause for concern.”

And what about the number of new jobs reported Friday?

“We are still staying on track of consistently adding close to 150,000 private sector jobs per month, which by the way this year is consistent with a do-nothing, just under two-percent GDP growth. That’s consistent. That’s about where it ought to be,” he offers.

“[But] just so you know, we need about 350,000 [new private sector jobs] average per month to really have any kind of a growing economy — which, by the way, is impossible to have in a two-percent GDP growth.””

http://onenewsnow.com//ap/politics/unemployment-rate-inches-up-again

From Market Watch November 1, 2012.

“Planned layoffs jump up in October: Challenger”

“Led by the automotive sector, planned job cuts jumped up 41% in October to almost 48,000, the highest level since May, outplacement consultancy Challenger, Gray & Christmas said Thursday. “The final three months of the year tend to see heavier downsizing activity as companies make year-end adjustments to meet earnings goals and to prepare for the new year,” said John Challenger, chief executive officer of Challenger, Gray & Christmas. “Certainly, the deluge of weak third-quarter earnings reports that resulted from declining sales here and abroad does not bode well for workers as 2013 approaches.” Job cuts in October were up 12% from last year.”

http://www.marketwatch.com/story/planned-layoffs-jump-up-in-october-challenger-2012-11-01

From GOPUSA October 31, 2012.

“Malkin: The Obama Layoff Bomb”

“In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights?

The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected overall. USA Today financial reporter Matt Krantz wrote that “(m)uch of the recent layoff activity is connected to what’s been the slowest period of earnings growth since the third quarter of 2009.” Some necessary restructuring is underway in response to the stagnant European economy. But more and more U.S. businesses are putting the blame — bravely and squarely — right where it belongs: on the obstructionist policies and regulatory schemes of the blame-shifter-in-chief.

Last week, Ohio-based auto parts manufacturer Dana Holding Corp. warned employees of potential layoffs amid “looming concern” about the economy. President and CEO Roger Wood specifically mentioned the walloping burden of “increasing taxes on small businesses” and the need to “offset increased costs that are placed on us through new laws and regulations.”

Case in point: Obamacare. The mandate will cost Dana Holding Corp., which employs some 24,500 workers, “approximately $24 million over the next six years in additional U.S. health care expenses.” As Ohio Watchdog blogger Maggie Thurber reported, the firm’s Toledo area corporate offices laid off seven white-collar employees last Friday; company insiders told her more were on the way. They are not alone.

On Tuesday, Consol Energy issued a federally mandated layoff disclosure announcing its “intent to idle its Miller Creek surface operations near Naugatuck, W.Va.” The move will affect the company’s Wiley Surface Mine, Wiley Creek Surface Mine, Minway Surface Mine, Minway Preparation Plant and Miller Creek Administration Group, all in Mingo County, W.Va. Despite state approval, cooperation with the U.S. Army Corps of Engineers and myriad other agencies, and a stellar safety record, Obama’s EPA dragged its feet on the permit approval process. The impasse has forced layoffs of 145 Consol Energy employees that will hit at the end of the year. They are not alone.

In August, Robert E. Murray, founder and CEO of Murray Energy Corporation in Ohio, blasted the White House anti-coal agenda for the layoffs and closure of his company’s mine. He told Obama water-carrying CNN anchor Soledad O’Brien that “the many regulations that (Obama) and his radical appointees and the U.S. EPA have put on the use of coal, there are dozens of them and collectively by his own energy administration, have closed 175 power plants.” As O’Brien barked at her guest about purported environmental objections, Murray explained that “we cannot get permits for these mines. They are delaying the issuance of permits. If you can’t get the permit, you can’t have the mine. … I created those jobs, and I put the investment in that mine. And when it came time to lay the people off, I went up personally and talked to every one of them myself to lay them off. It’s a human issue.”

And it’s an innovation issue, too. As I reported in February, Obamacare’s impending 2.3 percent medical device excise tax has already wrought havoc on the industry:

Stryker, a maker of artificial hips and knees based in Kalamazoo, Mich., is slashing 5 percent of its global workforce (an estimated 1,000 workers) this coming year to reduce costs related to Obamacare’s taxes and mandates.

Covidien, a N.Y.-based surgical supplies manufacturer, recently announced layoffs of 200 American workers and plans to move some of its plant work to Mexico and Costa Rica, in part because of the coming tax hit.

Mass.-based Zoll Medical Corp., which makes defibrillators and employs some 1,800 workers in the U.S. and around the world, says the medical device tax will cost the company between $5 million and $10 million a year.

This July, Indiana’s Cook Medical Inc. shelved plans to open five new plants because of the imminent medical device tax hit. They are not alone.

The heads of Koch Industries, Westgate Resorts and ASG Software Solutions have all separately informed their employees of prosperity-undermining Obama economic politics. Left-wing groups have lambasted the executives for exercising their political free speech.

But they have remained silent while the White House corruptocrats bribed federal defense contractors into delaying federally mandated layoff disclosures before the election. In a memo now being investigated on Capitol Hill, Obama promised to cover the legal fees of Lockheed Martin and other defense contractors if they ignored legal requirements to inform workers in advance about so-called sequestration cuts to the military’s budget scheduled to kick in next year.

Truth suppression is a time-honored Obama tactic, of course. Remember: The administration and its Democratic allies on Capitol Hill attempted to punish Deere, Caterpillar, Verizon and ATT in 2010 for disclosing how the costs of Obamacare taxes were hitting their bottom lines — even though they were simply following SEC disclosure requirements. The White House also tried to silence insurers who dared to inform their customers about how Obamacare was driving up premiums. Not this time.

The administration’s bully boys don’t have enough whitewash and duct tape to cover up the past, present and future devastation of the president and his economic demolition team.”

http://www.gopusa.com/commentary/2012/10/31/malkin-the-obama-layoff-bomb/?subscriber=1

Obama and GE pay to play politics, General Electric high profits low US taxes, 24.9 Million stimulus money cut 18000 US jobs, Rezko loans from GE Capital

Obama and GE pay to play politics, General Electric high profits low US taxes, 24.9 Million stimulus money cut 18000 US jobs, Rezko loans from GE Capital

“Citizen Wells, we bring bad things to light”…Citizen Wells

“Why did Mutual Bank fire whistleblower Kenneth J Connor after he
challenged the appraisal on the land purchased by Rita Rezko, just
prior to the land sale to Obama?”…Citizen Wells

“Why did the Rezkos enter into an agreement to purchase the lot next to the Obama house and pay the asking price of $ 625,000 at a time when they were broke and heavily in debt?”…Citizen Wells

From CNS News October 11, 2010.

“The Obama administration gave corporate giant General Electric—the parent company of NBC–$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov.

Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report.

According to Standard & Poor’s, GE took in $156 billion in revenue in 2009.

GE was the primary recipient of 14 stimulus grants, a spokeswoman for Recovery.gov confirmed to CNSNews.com. These 14 grants provided GE with $24.9 million in tax dollars. On four additional stimulus grants, the primary recipient of the federal money hired GE as a contractor. Recovery.gov is the administration’s website that tracks stimulus expenditures.

At the end of 2008, GE employed 152,000 U.S. workers, according to its 2009 annual report. But at the end of 2009, according to the report, it employed only 134,000 U.S. workers, a decline of 18,000 workers.

The Energy Department provided GE with 9 stimulus grants, the Department of Health and Human Services provided the company with 3, and the Justice Department and the Commerce Department each gave the company 1 stimulus grant.

All of these federal stimulus grants went to GE’s Global Research Center.

The earliest of the stimulus grants went to GE in July 2009 and the latest in April 2010.

CNSNews.com asked a GE spokesperson if the company contested Recovery.gov’s representation that GE had received 14 stimulus grants worth $24.9 million, and also whether the company now employed more or fewer workers as a result of receiving the grants.

In an e-mail response, GE spokeswoman Anne Eisele said, “I’m afraid I must politely decline to comment.”

What did all the money to GE go for? Recovery.gov posts brief explanations of each grant. For example, the Department of Justice gave GE $999,955 in stimulus money. “The goal of this program,” said Recovery.gov, “is to develop a comprehensive reasoning system for event and scenario recognition for an intelligent video system.”

In addition to the $24.9 million it received in stimulus grants, GE was also awarded $5 million in federal contracts under the economic stimulus law. These contracts were payment for services provided by the company.”

http://cnsnews.com/news/article/obama-administration-gave-general-electric-parent-company-nbc-249-million-stimulus

Interesting.

I saved this article a few hours ago. I now get this:

“Parse error: syntax error, unexpected ‘=’, expecting ‘)’ in /cluster/www_system/www/v2.cnsnews.com/public_html/sites/default/settings.php on line 216”

A search on the link yields:

Obama Administration Gave General ElectricParent  – CNS News

cnsnews.com › News

Oct 11, 2010 – health care-obama. President Barack Obama and Vice President Joe Biden react to cheers as they arrive in the East Room of the White House 

You’ve visited this page 3 times. Last visit: 9/15/12
That wasn’t supposed to be part of this story. It just happened.
Seems like Obama really likes GE.
From NewsMax March 23, 2011.

“General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness.
Before that, Immelt was on Obama’s Economic Recovery Advisory Board.

He’s also a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?)

“Jeff Immelt is perhaps the CEO who is most cozy with President Obama,” says journalist Tim Carney. “General Electric is structuring their business around
where government is going . . . high-speed rail, solar, wind. GE is lining up to get what government is handing out.””

http://www.newsmax.com/Stossel/Obama-GeneralElectric-CorporateWelfare-Immelt/2011/03/23/id/390486

From Hot Air March 25, 2011.

“What a coincidence! I’m sure that GE’s ability to generate $14.2 billion in profits, $5.1 billion in the US, and end up getting back $3.2 billion from
taxpayers has nothing at all to do with its political connections and favorable tax breaks and loopholes it has pushed through Congress.”

http://hotair.com/archives/2011/03/25/obamas-favorite-ceo-gets-ge-out-from-paying-any-us-taxes/

What a coincidence! Tony Rezko likes GE too.

General Electric Capital Corporation

“Company Description

General Electric Capital (GE Capital) encompasses the financing operations of sprawling conglomerate General Electric. The group’s five segments provide
commercial loans and leases, consumer loans and credit cards, and real estate financing services around the world. GE Capital’s largest segments are
commercial lending and leasing and consumer lending, which together account for about 80% of revenues. Its GE Commercial Aviation Services specialist segment leases commercial aircraft, while its energy financial services segment provides project funding for customers in the energy and water sectors. GE Capital is active in more than 50 countries but does most of its business in the US and Europe.”

http://www.hoovers.com/company/General_Electric_Capital_Corporation/hchhri-1.html

From the Tony Rezko Indictment Press Release, October 11, 2006.

“The second indictment alleges that Rezko fraudulently obtained more than $10 million in loans for a pizza restaurant business from General Electric Capital Corp. (GECC) and also defrauded investors in that business.”

“The loan fraud indictment, which charges only Rezko, alleges that he fraudulently caused GECC to extend more than $10 million in loans to finance what Rezko portrayed as sales of two different groups of pizza restaurants in the Chicago and Milwaukee areas. In fact, the indictment alleges, the sales were sham transactions that occurred at inflated prices, and involved the presentation of false financial information to GECC. The indictment alleges that in addition to defrauding GECC, Rezko defrauded investors in his pizza business by concealing the fact that he was transferring the company’s assets to himself and a straw purchaser.”

““This indictment describes a frenzy of corrupt scheming, particularly in April and May 2004, in which political insiders sought to manipulate the activities of two state boards to fleece investment firms and individuals. The defendants and their associates put the word out loud and clear: you have to pay to play in Illinois,” Mr. Fitzgerald said.”

“The indictment alleges that Rezko and his co-schemers fraudulently obtained a $4.5 million loan from GECC in March 2001 to finance the purchase of the Milwaukee stores by a straw purchaser and his company at an inflated price, and through the submission of fraudulent documents, including false financial statements about the condition of the pizza stores.”

“The indictment alleges that Rezko and his co-schemers made similar fraudulent representations to obtain a $6 million loan from GECC in October 2001 in connection with Rezko’s sale of the Chicago area pizza restaurants from Rezko Enterprises to his own company, Chicago PJ LLC. After closing on the loan for the Chicago stores, the loan became delinquent, and Rezko caused additional false financial information to be submitted to GECC in asking for forebearance on the default.”

From the San Francisco Chronicle March 3, 2008.

“Obama, a Democrat, is not part of the case against Rezko, who is accused of shaking down companies seeking business with the state of Illinois. Obama has
conceded it was a mistake to bring Rezko into his personal real estate dealings, although he has insisted there was nothing unusual about the developer
deciding to buy a sought-after lot in an upscale neighborhood. But a review of court records, including new details of Rezko’s finances that have emerged
recently, show that the lot purchase occurred as he was being pursued by creditors seeking more than $10 million, deepening the mystery of why he would plunge into a real estate investment whose biggest beneficiary appears to have been Obama.

Dodging creditors

As Obama and Rezko were completing the property purchases in June 2005, Rezko was fighting to keep lenders and investors at bay over defaulted loans and
failing business ventures. But he sidestepped that financial dragnet by arranging for the land to be purchased in his wife’s name, making it the only
property she owned by herself, according to land records.

As a result, when Obama and his wife, Michelle, bought a portion of the land from Rezko seven months later to widen their yard, the money they paid was
beyond the reach of Rezko’s creditors, including one conducting a court-ordered hunt for his assets to recover a $3.5 million debt.

Two lawyers involved in the civil litigation against Rezko said they believed that the property was subject to possible seizure on the premise that Rezko had
been trying to hide behind his wife, Rita, who had little money of her own to complete the $625,000 purchase.

The lawyers, both of whom requested anonymity because they did not have their clients’ permission to speak about the cases, said there was little purpose in
pursuing it because the legal costs would have outweighed the value of the property, which was encumbered by a $500,000 mortgage.”

“Federal prosecutors recently filed papers saying Rezko had trouble paying creditors for years. At least 12 lawsuits had been filed against Rezko and his
businesses from November 2002 to January 2005, including one by GE Commercial Finance Corp., which had extended more than $5 million in loans for Rezko’s pizza franchises.

GE obtained a court judgment against Rezko in November 2004 for the $3.5 million it said was outstanding on its loans, but the company put collection efforts on hold during the first half of 2005 as it negotiated with Rezko, court records show. When the Obamas and Rezkos bought their adjacent parcels that June, Rezko’s wife, Rita, put down $125,000 in cash and financed the rest with a bank loan.”

http://www.sfgate.com/realestate/article/Obama-could-feel-heat-from-developer-s-trial-3292768.php

Obama and Rezko like GE, especially in 2005.
More to come.
Citizen Wells, we bring bad things to light.