Showing posts with label Stimulus Fail. Show all posts
Showing posts with label Stimulus Fail. Show all posts

Tuesday, October 21, 2014

Looks like Kay Hagan is a Bigger Crook than we first thought


As has been previously reported, in 2009, after Democrat U.S. Senator Kay Hagan vigorously supported President Obama's $800 million-and-change stimulus package, a company co-owned by her husband, JDC Manufacturing, received $390,000 in federal grants and green energy tax credits. The Carolina Journal reports Tuesday that new documents prove "it's worse than we thought."


From a report by WRAL-TV news, we have confirmation that a cluster of businesses owned by Democratic U.S. Sen. Kay Hagan’s husband and other family members collected even more subsidies from taxpayers than initially reported. While Carolina Journal’s Don Carrington has highlighted a stimulus grant totaling $250,644 that was paid to JDC Manufacturing, a real estate business co-owned by Hagan’s husband, Chip, and his brothers John and David, WRAL confirmed that JDC received an additional $137,000 in energy tax credits from the project. (Some of the relevant documents are here.) …
Add a second federal renewable energy grant of $50,000 from the U.S. Department of Agriculture to the ledger, and we learn that Hagan businesses soaked taxpayers for nearly $450,000 to pay for energy upgrades installed at JDC’s 300,000-square-foot building in Reidsville.
JDC, a company co-owned by the three Hagan brothers, applied for and received $250,644 in stimulus dollars to install more efficient lighting and furnaces and place solar panels at its building. JDC leases the building to Plastic Revolutions, a recycling company also owned by … Hagan family members. Once the project was completed, Plastic Revolutions said it expected to save $100,000 in energy costs annually. That’s a benefit it would not have received without the upgrades, which were made possible by federal taxpayers. 
Moreover, JDC wound up with a more valuable asset: a modern, energy-efficient manufacturing facility that would bring a higher price if it sold, and a more inviting location for potential new tenants. And, of course, JDC received $137,000 in tax credits — again resulting from the stimulus grant.

There is also a report that Hagan recommended a judge for a federal appointment just a week after that same judge "ruled in favor of a company partially owned by Hagan's husband."

Thank You: Breitbart

Saturday, January 26, 2013

Obama continues to beak his own Law

Were Romney and Ryan really that bad that we have to continue to endure Obama breaking all the rules, including his own? If we had an actual conservative running, might he have won? Would that win have brought with it a few more seats in the House and Senate over to the Republican side? 

Instead we have a House full of wishy washy liberal Republicans lead by a Speaker who negotiates with himself.

And they will do nothing about this eitherSF


Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately?  In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved.  Even in Washington, that’s not considered good bang for the buck.  

Moreover, that was the fifth consecutive “stimulus” report that showed this number getting progressively worse.

Alas, that was the last report we’ve seen.  Never mind that Section 1513 of the “stimulus” legislation, which Obama spearheaded and signed into law, requires the executive branch to submit a new report every three months.  It reads:

In consultation with the Director of the Office of Management and Budget and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators.

In other words, the Obama administration is required by law to submit quarterly reports on the “stimulus” through the third quarter of 2013.  By now, it was supposed to have released fourteen such reports.  It has released only eight.  The last one covered the period ending in June 2011.  

That’s right — 2011. 

With only 58.6 percent of Americans currently employed — down 2.4 percent from the time of Obama’s first inauguration — it’s not surprising that the Obama administration doesn’t really want to fulfill it legal responsibilities and release subsequent reports on its failed “stimulus.”  However, it hardly seems fair — to use one of Obama’s favorite words — that the rich and (extremely) powerful think that they can choose whether or not to abide by the laws they spearhead and sign, while the rest of us are forced to obey them. 

Perhaps it’s time for the rich and powerful to do their fair share and obey the laws that they enforce against others.  And perhaps this is something that the House of Representatives might want to look into.