Posts Tagged ‘stimulus money’

Newsflash: Obama Stimulus Was A Leftwing Boondoggle Created To Financially Benefit Obama-Connected Liberals

December 17, 2011

Obama keeps talking about the Republican culture of corruption because he’s the most dishonest man who has ever “occupied” the White House and he knows the media is as dishonest as he is.

The Obama stimulus porker – you know, that thing that didn’t create any jobs but cost the American taxpayers not $862 billion but rather $3.27 TRILLION – keeps looking worse and worse as we get the 20/20 vision to examine it.  Even the CBO is now stating for the record that their previous analysis was off, and that this stimulus turd was in fact a turd.

Obama laid a $3.27 TRILLION turd and nobody’s talking about it.

Well, now there’s this:

Outrage! Author of ‘stimulus’ tied to companies funded by bill: Received hundreds of millions in government grants, loans.
Posted on December 14, 2011 at 9:14 PM EST
By Aaron Klein

An advisor to President Obama who played a key role in developing the energy provisions of the so-called stimulus bill has graced the board of several companies that recently received government funds, including hundreds of million in “stimulus” money.

TJ Glauthier served on Obama’s 2008 White House Transition Team. He is widely credited with helping to craft the energy provisions of the American Recovery and Reinvestment Act of 2009, also known as the “stimulus.”

In addition to serving on the boards of multiple major energy companies, Glauthier previously held two Presidential appointments during the Clinton Administration.

He was the Energy Department’s Deputy Secretary and Chief Operating Officer, the second-highest ranking official.

Earlier, he served in the White House for five years as the Associate Director for Natural Resources, Energy and Science in the Office of Management and Budget.

Glauthier is tied to several energy companies that benefited from the “stimulus” bill he helped to craft.

One such company investigated by KleinOnline is GridPoint Inc, where he was appointed to the board in March 2008. GridPoint provides utilities software solutions for electrical grid management and electric power demand and supply balancing.

The “stimulus” provides for $4.5 billion for so-called smart grid projects. GridPoint has benefited from scores of smart grid deals funded by the “stimulus” bill.

The company partnered with the Electric Transportation Engineering Corporation (eTec), Nissan, the Idaho National Laboratory and others in a project to deploy electric vehicles (EVs) and their charging infrastructure in five states. The Energy Department had awarded eTec almost $100 million in “stimulus” funds to support the project.

GridPoint’s role in the eTec project was to supply smart charging and data logging capability to utilities located in strategic markets of eTec’s program in Arizona, California, Oregon, Tennessee and Washington.

GridPoint also benefited from “stimulus” funds when it recently provided home energy management, load management and electric vehicle management software solutions for a KCP&L’s Green Impact Zone SmartGrid Demonstration in Kansas City, Mo. The project was the recipient of stimulus funding.

Additionally, GridPoint helped the Sacramento Municipal Utility District, or SMUD, to manage power from its customers’ rooftop solar panels.

The Arlington, Va.-based company had landed a contract to help the Sacramento, Calif.-based municipal utility manage renewable power integration, energy storage and home energy management systems. SMUD had won $127.5 million in stimulus funds from the Department of Energy to carry out the project, which also includes deploying 600,000 smart meters in its service territory.

Also, in early 2009, the Energy Department awarded Argonne National Laboratory nearly $2.7 million in stimulus funding for three solar-energy related research projects. In addition, Argonne reportedly shared another $5 million in stimulus funding for projects with GridPoint and other companies and the University of Illinois Sustainable Technology Center.

Besides benefiting from stimulus grants, GridPoint last year won a $28 million contract with the United States Postal Service to install energy management systems in selected post office locations across the U.S.

Glauthier, meanwhile, had come under fire in the conservative blogosphere after Fox News reported the U.S. Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about 4 times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon.

HotAir reported last week that Glauthier is a “strategic advisor” to Solazyme, the California company that is selling a portion of the biofuel to the Navy.

HotAir noted Solazyme received a $21.8 million grant from the 2009 stimulus package.

Also, writing at BigGovernment two weeks ago, Whitney Pitcher found that prior to serving as advisor to Solazyme and after his time as part of Obama’s transition team, Glauthier served of the advisory board of SunRun, a solar financing company.

In October of 2010, just a few short months after Glauthier joined SunRun’s advisory board, SunRun secured a $6.73 million grant from this Treasury Department stimulus program. The company was the ninth largest recipient of such programs through the December, 2010.

With research by Brenda J. Elliott

Boy, is it ever a small world where Obama’s crony capitalist fascist government-dictated corruption is involved.

We also learn that a big Obama donor had his hand in the same pot: he was the founder of Gridpoint, after all:

The founder of an energy company that benefited from deals involving hundreds of millions in “stimulus” money made the maximum donation allowable to President Obama’s inauguration, WND has learned.

Peter L. Corsell, founder of GridPoint Inc., contributed $50,000 to the inauguration.

I wrote about that Solazyme biofuel boondoggle too. It’s beyond outrageous what Obama and his thieving friends are getting away with.

I say it and keep saying it: this is God damn America, and it will continue to be God damn America until we rid ourselves of this evil despot.

Blacks, Hispanics, women and young people – all the groups most responsible for bringing Obama to power – are the most cursed under this administration (you know, even as all of Obama’s fascist crony capitalist friends PROSPER):

After decades of hard-fought progress, black economic gains were reversed in Great Recession (updated: that link was deleted by WaPo, which is a very common tactic of the revisionist liberal media.  Here is a still-current link to this story)

Hispanics’ Unemployment Rate Soars

Women Losing Ground as Jobs Crisis Rages

U.S. Youth Unemployment At Arab Spring Levels

 With all due respect, it is nothing short of poetic justice.  You voted for an incredibly evil man and one day you will burn in hell for it.  But get you should all get your foretaste of that hell early, SHOULDN’T YOU?

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For First Time, Plurality Of Americans Think Stimulus Hurt The Economy

December 30, 2009

A picture is worth a thousand words, so here’s the picture:

For what it’s worth, the $787 billion stimulus which Americans are increasingly agreeing was a dismal failure was in reality a $3.27 trillion porkulus package.  Which is to say, this was a FAR bigger and a FAR more dangerous waste of money which will do FAR more harm to our economic futures than most Americans understand.

Here’s what Rasmussen said under the title, “For First Time, Plurality Believes Stimulus Plan Hurt The Economy“:

A new Rasmussen Reports national telephone survey finds that 30% of voters nationwide believe the $787-billion economic stimulus plan has helped the economy. However, 38% believe that the stimulus plan has hurt the economy. This is the first time since the legislation passed that a plurality has held a negative view of its impact.

The number who believe that the stimulus plan has hurt the economy rose from 28% in September, to 31% in October, and 34% in November before jumping to 38% this month. The week after the president signed the bill, 34% said it would help the economy, while 32% said it would hurt.

The Political Class has a much different view than the rest of the county. Ninety percent (90%) of the Political Class believes the stimulus plan helped the economy and not a single Political Class respondent says it has hurt. (See more on the Political Class).

The underlying reason for skepticism about the stimulus plan is that 50% of voters believe increasing government spending is bad for the economy. Just 28% believe that increased government spending helps the economy.

Men, by a 42% to 27% margin, believe the stimulus effort has hurt the economy. Women are evenly divided.

Fifty-one percent (51%) of Democrats believe the stimulus plan has helped the economy while 47% of Republicans believe it has hurt. Among those not affiliated with either major political party, 52% believe the stimulus plan has had a negative impact.

Concerns about federal budget deficits also play a role in evaluating the stimulus spending. Voters continue to think that the president’s top budget priority should be cutting the federal deficit in half by the end of his first term in office. But they see it as the goal the president is least likely to achieve.

Health care reform is second on the list of priorities for voters, but most oppose the health care plan working its way through Congress.

Not surprisingly, most Americans are opposed to a second stimulus plan. In fact, 51% of voters say more jobs would be created if the remaining ending planned in the first stimulus plan was cancelled right away.

Only 14% of American workers say their firms are hiring and 29% say their employers are laying people off. As a result, 67% expect that unemployment will be at 10% or higher a year from now.

Please allow me to supplement the above Rasmussen article describing the fact that a solid plurality of Americans now believe the stimulus was harmful with another article detailing what a whopping load of partisan corruption the stimulus has turned out to be:

Report: Democratic districts received nearly twice the amount of stimulus funds as GOP districts
By: Mark Hemingway
Commentary Staff Writer
December 16, 2009

A new analysis of the $157 billion distributed by the American Reinvestment and Recovery act, popularly known as the stimulus bill, shows that the funds were distributed without regard for what states were most in need of jobs.

“You would think that if the stimulus money was actually spent to create jobs, there would be more stimulus money spent in high unemployment states,” said Veronique de Rugy, a scholar at the Mercatus Center who produced the analysis. “But we don’t find any correlation.”

The Mercatus Center at George Mason University in Virginia is one of the nation’s most respected economic and regulatory think tanks and has a Nobel prize-winning economist on staff. The econometric analysis was done using data provided by Recovery.gov — the government website devoted to tracking the stimulus data — as well as a host of other government databases.

Additionally, Mercatus found that stimulus funds were not disbursed geographically with any special regard for low-income Americans. “We find no correlation between economic indicators and stimulus funding. Preliminary results find no statistically significant effect of unemployment, median income or mean income on stimulus funds allocation,” said the report.

The Mercatus Center analysis also found that Democratic congressional districts received on average almost double the funding of Republican congressional districts. Republican congressional districts received on average $232 million in stimulus funds while Democratic districts received $439 million on average.

“We found that there is a correlation [relating to the partisanship of congressional districts],” de Rugy said. Her regression analysis found that stimulus funds are expected to decrease by 24.19 percent if a district is represented by a Republican.

“During the appropriations process, you’re not surprised to see the Democrats are getting more money, but in this case a lot of the money we’re looking at is going through HUD [Department of Housing and Urban Development], or Department of Education, Department of Transportation etc. and they’re following a formula,” she said. “But the correlation exists, and not only does it exist — when you look at how much money we’re talking about, it’s a pretty big deal.”

The analysis found that neither congressional leadership positions of local members nor presidential preference in 2008 were factors in stimulus allocation by congressional district.

Finally, the Mercatus analysis shows that a majority of the funds allocated went to public rather than private entities — nearly $88 billion to $69 billion. While some of the money given to public entities may eventually filter down to the private sector, it’s much less transparent how money given to public entities is spurring economic growth and job creation.

So, to repeat, the stimulus money isn’t being given out to low-income Americans or struggling geographic regions.  It is being given out to Democrats to use as political slush funds.

The Democrat Party is the party of corruption, partisanship, socialism, and big-government-as-God-substitute ideology.

And more and more Americans are coming to realize how dangerous they are to the American way of life.

Another way to look at this is that – from the very beginning of the Obama administration – the Republican Party has demonstrated that they were completely right and Democrats were completely wrong.  Whether you look at the stimulus, cap-and-trade, garbage climate change claims, health care, or terrorism, Americans now solidly agree that Republicans were right; Democrats were wrong.