TPN--Judson Phillips: Why We are Broke

When people go on spending sprees, they usually have something to show for it. Perhaps they have a house or cars. Maybe they have jewelry or consumer electronics.

America has been on a spending spree for the last four years. Given the amount of money we have spent, you would think that we would have streets paved in gold and every American would have a new car in the garage.

America spent a lot of money and we have nothing to show for it.

Why?

Here’s one simple theory.

That is the goal.

Barack Obama and the Party of Treason want to bankrupt America. Barack Obama, Nancy Pelosi, Harry Reid and the other members of the Party of Treason are not real Americans. They give lip service to America but every one of their policies has one simple goal. It is to weaken America.

One good example of this is what is called “Section 1603” of the Renewable Energy Stimulus Program.
The Obama Regime included Section 1603 in the Recovery Act (also known as the Porkulus act!). Section 1603 created a grant program administered by the Treasury Department that gave corporations cash grants instead of tax credits to create so-called “renewable energy.”

You would think that the money spent in this program would be spent on American corporations. After all, it is meant to stimulate the American economy and create American jobs.

Instead this program has become a cash cow for foreign corporations.

The biggest winner in this boondoggle has been a Spanish corporation called Iberdrola S.A. They are a multi-billion dollar energy company in Spain. Some of their multi-billions includes $1.7 billion in payments from the US Treasury through their American subsidiary Iberdrola Renewables LLC. Another Spanish company has done quite well. EDP Renovaveis SA. Through their American subsidiary, they received $722 million.

Fleecing the American taxpayer is not just a job for the Spanish. The Germans are in on the act too. E.ON is one of the largest energy companies in the world and the largest investor own utility in the world. They got $576 million from the Treasury.

French, Japanese and Italian companies received millions in “grants” from the Treasury for these bogus wind farms and solar energy plans.

In short, through this program, at least $4 billion in US tax dollars has gone directly to some of the richest foreign corporations in the world.

This was the stimulus program remember?

The purpose was to create American jobs. Investigators with the House of Representatives have looked for permanent jobs created by the spending in Section 1603. They have had a lot of trouble finding any proof of permanent jobs created but experts who testified before the House Energy and Commerce Committee have pegged the cost of the jobs created by this wasteful government spending at about $1.2 million per job!

If the Obama Regime were really serious about saving America from the economic depression they created, they would occasionally get something right.

All we have to show for Section 1603 and the rest of the stimulus spending is a lot of debt. We are sending out tax dollars to rich corporations and other nations. What do we have to show for it?

We have a massive debt that sooner or later, we are going to have to deal with.   CONTINUED: 

http://www.teapartynation.com/forum/topics/why-we-are-broke

AMERICANS FOR PROSPERITY--Too Good to be True: S.3085

We’re often told that if something sounds too good to be true, it probably is.


That’s definitely the case with the President’s new housing plan, which he has been pushing lately along with allies Robert Menendez (D-NJ) and Barbara Boxer (D-CA) in the Senate.


Supporters argue that by making just a few tweaks in the mortgage markets, they can help up to 3 million homeowners refinance at today’s low mortgage rates. This, they claim, will save the average person $3,000 per year—all at no cost to taxpayers.

What they’re conveniently forgetting is that whenever the feds step in and rewrite mortgage contracts to favor homeowners, those on the other side of the contract (investors) get hurt. And it’s not just “fat cat” bankers that face losses, but pension funds, money market accounts, and mutual funds, too—where middle class Americans put away savings to buy that new house or fund their retirement.

Taxpayers will also be hit hard because the Federal Reserve, Fannie Mae, Freddie Mac, and state and local governments are likewise big investors in these mortgage contracts. In other words, as with all government “stimulus” programs, this one will fail because the government can’t create new money in the economy out of thin air. Instead, they just shift it around (inefficiently, we might add).

Even if you buy the “stimulus” argument, past experience shows us this plan will do little good. This would be the President’s sixteenth attempt to fix the housing markets since he started tinkering in March 2009. Nearly all of those programs had underwhelming results, and house prices have actually continued to fall since that time.

When will the President and his friends on the Left realize that the best path forward is to get the government out of the way and let the housing market heal?

Take action today: Tell Congress you’re tired of housing bailouts!

Read more: Americans for Prosperity’s letter of opposition to S.3085.

Fact Check: Obama off on Thrifty Spending Claim

The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the administration cites a media report that claims federal spending is rising at the slowest pace since the Eisenhower years.

"Federal spending since I took office has risen at the slowest pace of any president in almost 60 years," Obama said at a campaign rally Thursday in Des Moines, Iowa.


The problem with that rosy claim is that the Wall Street bailout is part of the calculation. The bailout ballooned the 2009 budget just before Obama took office, making Obama's 2010 results look smaller in comparison. And as almost $150 billion of the bailout was paid back during Obama's watch, the analysis counted them as government spending cuts.



It also assumes Obama had less of a role setting the budget for 2009 than he really did.

Obama rests his claim on an analysis by MarketWatch, a financial information and news service owned by Dow Jones & Co. The analysis simply looks at the year-to-year topline spending number for the government but doesn't account for distortions baked into the figures by the Wall Street bailout and government takeover of the mortgage lending giants Fannie Mae and Freddie Mac.

The MarketWatch study finds spending growth of only 1.4 percent over 2010-2013, or annual increases averaging 0.4 percent over that period. Those are stunningly low figures considering that Obama rammed through Congress an $831 billion stimulus measure in early 2009 and presided over significant increases in annual spending by domestic agencies at the same time the cost of benefit programs like Social Security, Medicare and the Medicaid were ticking steadily higher.

A fairer calculation would give Obama much of the responsibility for an almost 10 percent budget boost in 2009, then a 13 percent increase over 2010-2013, or average annual growth of spending of just more than 3 percent over that period.

CONTINUED:  http://www.newsmax.com/Newsfront/Obama-Spending-Fact-Check/2012/05/26/id/440358?s=al&promo_code=F07C-1#ixzz1w1c2n6qq

LETTER TO THE EDITOR: Big government, big business by CCTA Chairman, Nancy Murdoch

May 18, 2012

It’s in vogue for big business and corporations to be bashed by the president, Democrats and liberals. Why don’t they share the same contempt for big government? Corporations and businesses provide jobs. The businesses themselves often pay corporate taxes and the individuals within the company pay taxes, as do their shareholders. Large corporations voluntarily provide money to build hospitals, help the poor and needy, and donate to worthy causes. Foundations are created by wealthy people of business to provide scholarships for students, promote the arts, fund school programs, and help communities.



On the other side of the coin is big government. As Ronald Reagan said in his 1981 inaugural address, “We are a nation that has a government — not the other way around.” Steadily, though, we are changing into a government that has a nation.


In 2009 a public sector worker averaged total income (salary and benefits) of about $61,000. The same government worker earned $123,000, plus great job security. Right after the stimulus while the public sector lost 2.5 million jobs, the federal government gained 416,000. It seems as if the largest percentage of jobs “created or saved” were government ones, or those of green energy companies that have since gone bankrupt, owing the taxpayers millions of dollars. In 2006 the Department of the Transportation only had one employee earning more than $170,000 per year; now it has 1,690. Last year a number of White House employees received raises ranging between 17-86 percent. When was the last time you received a raise that large?


Does anyone really think any of these government jobs will go away? Wasteful and lazy employees still get paid, doing what it takes to ensure job security, and taking luxurious vacations on our dime. Government entities are motivated to spend all or more of their budget or it might get cut next year, and to hire as many people as possible.


The demagoguery of bashing big business may make good political sound bites, but how wise is to rip into those who are paying the salaries of those in government? Some big businesses like GE are in bed with the government; it’s working out nicely for them as they outsource American jobs and ingenuity to China while avoiding paying taxes. Crony capitalism is far more common than the free market.


Companies with bad business practices soon pay the consequences, but rarely have enough power to affect the average person’s life. The monopoly of government has the potential to inflict tyranny upon its citizens. Nowhere in history has a huge, powerful government worked out well for the man on the street in the long run.


Nancy Murdoch, Havelock, NC

A MESSAGE FROM AMERICANS FOR PROSPERITY

Over three years ago, President Obama ratcheted up government spending and debt with his $831 billion stimulus package, while promising to create jobs and boost economic growth here in America.

But now, we're finding out that billions of those stimulus dollars were actually spent helping "green energy" companies overseas. Learn more about this outrage today. Be among the first to watch our groundbreaking ad exposing the truth.

Even though there are 13 million unemployed Americans, the Obama administration is working to create "green jobs" in foreign countries!
Click here to watch the ad and learn more about what is being done with your tax dollars!

This ad is only the beginning. Americans for Prosperity will be pushing hard on all fronts to ensure that every American knows we must put grassroots pressure on President Obama for his disastrous economic policies.
If you want to send a message to the President, please join with Americans for Prosperity and tell the President to Stop Tanking America.

Click here to sign the Stop Tanking America petition!

We cannot allow reckless government spending to go unchecked, particularly when the money goes overseas. Spread the word. Tell your family, your friends, your neighbors, and anyone who will listen about this Administration's lack of regard for American jobs and the American economy.

Together, let's expose the hypocrisy of the stimulus dollars sent overseas.
Sincerely,

Tim Phillips
President, Americans for Prosperity

Americans for Prosperity® (AFP) is a nationwide organization of citizen leaders committed to advancing every individual's right to economic freedom and opportunity. AFP believes reducing the size and scope of government is the best safeguard to ensuring individual productivity and prosperity for all Americans. AFP educates and engages citizens in support of restraining state and federal government growth, and returning government to its constitutional limits. AFP has more than 2 million members, including members in all 50 states, and 34 state chapters and affiliates. More than 90,000 Americans in all 50 states have made a financial investment in AFP or AFP Foundation. For more information, visit www.americansforprosperity.org

CAIN'S SOLUTIONS REVOLUTION

Friends, patriots, and online video enthusiasts;


To say our “Sick of Stimulus” campaign is going well is quite the understatement: First, we made liberals go crazy with the goldfish-out-of-water episode. Then, they went even crazier over the rabbit-in-the-catapult video some are calling; “PETA RABBIT”… get it? ‘Peta’ Rabbit?... oh, forget it.

Good news – there’s a brand new “Sick of Stimulus” video up and running – and this episode has a big twist at the end. I’ll give you a hint – the chickens really come home to roost in this one.

You know the drill – watch, laugh, scream, roll on the floor, jump in the pool – whatever you do to calm down – then forward it to your friends.

You've seen enough of our style to know your ideas should be out of the box, a little nutty, and perhaps really nutty. Did I mention nutty?

And if you haven't done it already, surf over to http://www.cainconnections.com/ to get involved in The Solutions Revolution. Sign up to receive the latest in news and events and learn how you can participate in this innovative organization today.

Enjoy!
The Cain Solutions Team

Outrage! Author of 'stimulus' linked to companies it helped--Received hundreds of millions in government grants and loans

An adviser to Barack Obama who played a key role in developing the energy provisions of the so-called stimulus bill has served on the boards of several companies that recently received government funds, including hundreds of millions 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 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.

http://www.wnd.com/?pageId=377465

FYI, A Message from the House Republican Study Committee

Rep. Jim Jordan, Chairman

RSC Update: Stop Squeezing the Middle Class


For the last few years, the middle class has been repeatedly squeezed by failed “stimulus” plans fed with debt and higher taxes. And now liberals are at it again, demanding permanent tax increases to pay for temporary attempts at “stimulus.” Placing an even greater burden on families, small businesses, and future generations is no way to get our economy back on track.


Temporary tax changes are no match for permanent tax relief that gives families and businesses the confidence to make big decisions on purchases, investments, and job creation. That’s why the RSC’s Jobs Through Growth Act lets families and small businesses throw out the current tax code for a system that’s simpler, flatter, and fairer.

House Republicans have already passed more than 20 jobs bills that are just sitting in the Senate, waiting for Democrats to wake up. President Obama keeps repeating that “We Can’t Wait,” and I agree. But instead of going down the same road that has failed to get millions of Americans back to work the last few years, let’s try something new – something better – something that can actually succeed.

God Bless,
Congressman Jim Jordan
Chairman, Republican Study Committee

Outlook – A quick look at what’s on the horizon.


· On Wednesday, the House is expected to consider H.R. 3094, the Workforce Democracy and Fairness Act, and H.Res. 364, naming a room in the Capitol after slain Giffords staffer Gabe Zimmerman.
· On Thursday, the House is expected to consider H.R. 3463, to end taxpayer funding of presidential campaigns and party conventions, and H.R. 527, the Regulatory Flexibility Improvements Act.
· On Friday, the House is expected to consider H.R. 3010 the Regulatory Accountability Act.
· This week, the Senate is expected to consider the S. 1867, the National Defense Authorization Act, and a temporary payroll tax cut extension/permanent income tax hike.

RSC Reports

· Each week the House is in session, the RSC Budget and Spending Taskforce compiles a weekly report on the latest budget and spending news. Additionally, the RSC Money Monitor tracks how bills passed by the House affect authorizations, mandatory spending, and federal government revenue.

###

rsc.jordan.house.gov

facebook.com/republicanstudycommittee

twitter.com/republicanstudy

youtube.com/republicanstudycomm

House Republican Study Committee
Rep. Jim Jordan, Chairman; Paul Teller, Executive Director; Brad Watson, Policy Director; Joe Murray, Professional Policy Staff; Curtis Rhyne, Professional Policy Staff; Ja’Ron Smith, Professional Policy Staff; Cyrus Artz, Professional Policy Staff; Brian Straessle, Communications Director; Ben Miller, Deputy Communications Director; Wesley Goodman, Director of Conservative Coalitions and State Outreach;
Yong Choe, Director of Business Outreach and Member Services; Rick Eberstadt, Research Assistant
1524 Longworth House Office Building, Washington, DC 20515
(202) 226-9717

Click here to receive future e-mail updates.

Liberty Counsel Action Alert!

See the important message below!

Mathew Staver, Chairman

Liberty Counsel Action
September 16, 2011

Last Thursday, President Obama announced the creation of his so-called "jobs bill" called The American Jobs Act of 2011. Since then, in his public statements, the President has called on Congress to "Pass this
Bill Now" over 100 times! We are rallying tens of thousands of Liberty Counsel Action team members to counteract this bullying and to tell Congress, "Pass this Bill - Never!" Please take a moment to read my urgent message below - Mat.

What has changed since the abysmal failure of President Obama's first two stimulus packages - spending over a trillion dollars and plunging America into almost $15 trillion dollars in debt?

The answer is - much has changed, but not for the better!

In an insightful article published by "American Thinker" author Chad Stafko reveals some very disturbing statistics:

"In less than 1,000 days as chief executive of the United States, President Obama's failed policies and initiatives have resulted in a dizzying array of dismal economic statistics...

Government dependence, which is defined as the percentage of persons receiving one or more federal benefit payments, is at a staggering 47%, its highest level in American history, while 21 million households are reliant on food stamps. In fact, government spending on food stamps in 2010 ($68 billion) was double what it was in 2007, with the 2011 figure likely to be even higher.

According to the August employment report from the Department of Labor, the nation's unemployment rate remained at 9.1% with a total of zero jobs added to the economy during the month. Those are the official unemployment rates. The real unemployment rate, as it is sometimes referred to, rose to a seasonally adjusted 16.2% in August.

These woeful economic figures have come during a time in which we have experienced the most government involvement in the economy since the days of FDR and government spending without parallel in our nation's history.

Now, President Obama has said he wants to spend hundreds of billions of dollars more to stimulate the economy.  The American people can't take much more."

No thinking American can endorse Obama's "jobs bill."  Mr. President, we have already seen you spend, and spend, and spend...and plummet our country into insurmountable debt without ANY verifiable economic or jobs recovery.

That's why Liberty Counsel Action is calling on every concerned American to sign our "Pass this Bill - Never!" petition to Congress. We are also calling for a step in the right direction to reign in government spending, exercise fiscal restraint, and create more accountability!

I believe this petition will rally many tens of thousands of concerned citizens who are fed up with the state of the American economy...while incompetent (and one has to wonder if they're not willfully destructive) leaders and presidential appointees steer this country closer to a colossal financial meltdown with yet another $447 billion stimulus plan!

I urge you to join us in telling Congress, "Pass this Bill - Never!"

Click here to read and sign the petition:  http://www.lcaction.org/r.asp?u=50317&RID=32614761

In less than three years, President Obama, his leftist administration, and collaborators in Congress have turned our nation from an economic "super power" with an AAA credit rating into a socialist state with a rapidly declining middle class.

That is not an overstatement!

Remember the "shovel ready" jobs that the earlier stimulus was intended to fund? Then you probably also remember that the President later smirked about that phrase and recanted in an economic forum, saying, "Shovel-ready was not as...uh... shovel-ready as we expected."

Do you recall that the $787 billion "Stimulus One" was partially earmarked for repairs to bridges, roads, and infrastructure?

President Obama has said repeatedly his latest jobs bill is needed for bridges, roads and infrastructure! Does he actually think we can't remember what he said just two years ago?

The plain fact is, this bill does nothing to address the major obstacle to American employment - government
bureaucracy, regulation, and intrusion in the private sector.

In fact, according to the Heritage Foundation, 75 major new regulations that have cost U.S. businesses more than 40 billion dollars have been passed since Barack Obama first took office!

President Obama's plan does nothing to prevent jobs from going overseas into cheaper labor markets...

It does nothing to address unfair trade practices, which hamper American business from competing in global markets...

And it does nothing to address the mountains of regulations imposed by overzealous government agencies that are killing American business!

NOW is the time to stand for REAL change!  Right now, fiscal conservatives in Congress are in position
to bring about economic policy changes with lasting effects.

Liberty Counsel Action believes that rejecting Obama's latest jobs/stimulus plan is putting another crucial
piece of the fiscal restraint puzzle into place.

We want to deliver tens and tens of thousands of these petitions to our elected officials in Congress as soon
as possible. In fact, I believe we can assemble 50,000 signed petitions within the next week if you and other concerned Americans will forward this message to as many of your like-minded friends as possible!

Click here now to read and sign the "Pass this Bill - Never!" petition that will be sent to Congress on behalf of tens of thousands of Americans:  http://www.lcaction.org/r.asp?u=50317&RID=32614761

We MUST continue to be a strong voice for fiscal conservatism and stop Congress and the President from turning this ill-advised stimulus package into yet another liberal fiscal disaster!

Please help put America on sound financial footing so that our children and grandchildren can enjoy the liberty our forefathers fought, bled, and died to provide to their progeny!

God bless you,
Mathew Staver, Chairman
Liberty Counsel Action

P.S. There is no doubt that President Obama has brought economic "change" to our nation. But after two and a half years of out-of-control spending, we all now realize that it has been a horribly undesirable kind of change! The fiscal insanity of his proposed American Jobs Act of 2011 must be stopped! Click here to sign the "Pass this Bill - Never!" petition:  http://www.lcaction.org/r.asp?u=50317&RID=32614761

MICHELLE MALIN: The Cash-for-Visas Program

As part of his warmed-over jobs plan, President Obama is repackaging "Buy American" stimulus subsidies to help hard-hit homegrown businesses. At the same time, however, Congress is pushing to expand a fraud-riddled investor program that puts U.S. citizenship for sale to the highest foreign business bidders.


Call it the Buy America Cash-for-Visas plan.

As I first reported 10 years ago, the EB-5 immigrant investor program was created under an obscure section of the 1990 Immigration Act. The law allows 10,000 wealthy foreigners a year to purchase green cards by investing between $500,000 and $1 million in new commercial enterprises or troubled businesses. After two years, foreign investors, their spouses and their children all receive permanent resident status -- which allows them to contribute to U.S. political campaigns and provides a speedy gateway to citizenship. The program is set to expire in 2012.

On Thursday, the House Judiciary Committee's Immigration subpanel entertained calls to save the EB-5 law. Democratic Rep. Zoe Lofgren is sponsoring a bill to salvage the immigrant investor visas. The legislation (sponsored by open-borders Democrat John Kerry and Republican Richard Lugar in the Senate) also creates a second program with lower barriers to entry that would provide "start-up visas" for foreign entrepreneurs. They would be granted unconditional permanent-resident status if they create a government-determined number of jobs.

And there's the rub. Obama's make-believe math on stimulus jobs saved or created -- coupled with the snowballing $535 million, stimulus-funded Solyndra solar company bankruptcy scandal -- tells you all you need to know about Washington's credibility in picking economic winners and losers.

If the feds can't be trusted to invest government subsidies wisely in American companies, how can they possibly determine which overseas investors will be successful here? And if top U.S. loan officials have demonstrated such sloppy, politically driven disregard for financial due diligence on risky half-billion-dollar enterprises, how can immigration officials be trusted to better protect the national interest?

CONTINUED:  http://www.gopusa.com/commentary/2011/09/16/malkin-the-cash-for-visas-program/?subscriber=1

THOMAS SOWELL: Back to the Future?

September 13, 2011

Those who are impressed by words seem to think that President Barack Obama made a great speech to Congress last week. But, when you look beyond the rhetoric, what did he say that was fundamentally different from what he has been saying and doing all along?


Are we to continue doing the same kinds of things that have failed again and again, just because Obama delivers clever words with style and energy?

Once we get past the glowing rhetoric, what is the president proposing? More spending! Only the words have changed -- from "stimulus" to "jobs" and from "shovel-ready projects" to "jobs for construction workers."  (Mostly union and temporary jobs!)


CONTINUE READING:

http://www.realclearpolitics.com/articles/2011/09/13/back_to_the_future_111307.html

Carlton's Corner: Can Conservatives Trust the GOP?

The following is a statement from Richard Viguerie, chairman of Conservative HQ.com, regarding President Obama's speech to a joint session of Congress regarding employment:


"Congressional Republican leaders alienated most tea party and grass-roots conservatives when they made a debt ceiling deal with President Obama, instead of sticking with their own conservative allies to cut, cap, and balance the federal budget.

"Now, a little over a month after congressional Republicans made their deal with Obama, he suckered them into giving him a taxpayer-financed re-election speech to announce a more than $400 billion stimulus plan, effectively reneging on the debt ceiling deal he made back in August.

"If there was ever proof that the tea party and conservatives were right about the debt ceiling deal and that making spending deals with Obama is folly, this is it.

"Tea party and conservative activists are asking one question: Will congressional Republicans cave in to Obama's demands for more taxes and spending or will they redeem themselves partially by standing fast against another raid on the treasury by Obama and his Big Labor allies?"


Don't bet on it! Obama obviously has the GOP in his pocket! What a 'weak sister'!

Carlton

Obama’s Fuzzy Stimulus Math -- Obama proposes 36% cut to Social Security revenue

Let’s forget the fact that Obama’s entire Stimulus 10.0 is a counterintuitive proposal that doubles down on the very failures that precipitated this speech. Let’s also disregard the fact that enshrining unemployment insurance as a permanent handout will perpetuate unemployment. And more union-induced, short-term money drops on infrastructure will do nothing but stimulate traffic jams. Let’s focus purely on the very numbers that the administration has offered –numbers that would undoubtedly be revised upward, if the plan is passed.

Total package – $447 billion

- 50% payroll tax cut for every employee, dropping the rate from 6.2% to 3.1%= $175 billion


-Obama also proposed cutting the employer payroll tax in half on the first $5 million of a firm’s payroll in 2012. About 98% of firms have payrolls of $5 million or less.= $70 billion


-National infrastructure bank = $10 billion


- Pork project handouts to unions for roads, rails and bridges= $50 billion


-An unprecedented extension of unemployment insurance benefits to be extended for another year, beyond the 99 weeks= $62 billion.

-Handouts to public school teacher unions, even though we already spend more per capita on education than any other country=$35 billion


-Refurbishing schools, a responsibility of local government=$25 billion


-Handouts to community colleges=$5 billion


-Rehabilitate vacant property=$15 billion


Despite the steep cost, Obama claims that it will all be paid for. How will he pay for it?

Please click here for the rest of the post.

Perdue Plays Politics as Unemployment Jumps to 10.1%

Friends,


Last night Governor Perdue took to the stage at a Rotary Club dinner to announce that unemployment in the state would jump to 10.9%. There are two problems with this.

1.) The report for us to analyze the numbers was not made public until 10 AM this morning- meaning we did not get to see what the report actually contained.
2.) Governor Perdue lied. She said, and it was reported, that unemployment was 10.9%, when it was really 10.1% - a HUGE difference.

So while we had to wait, she had the ability to falsely spin the numbers in her favor. Thankfully we waited until the report came out and didn’t attack her erroneous 10.9%. It doesn’t change the fact that she played politics with people’s misery and the press reported just her side of the story this morning. For the nightly news we have combated it, with this release.

Please share on Facebook and Twitter as we can’t allow her to shape this narrative: bit.ly/qTqWc5

Best Regards, Rob Lockwood


North Carolina Republican Party:  Perdue Plays Politics as Unemployment Jumps to 10.1%


For Immediate Release
Contact: Rob Lockwood: (919) 424-5555
August 19 2001

RALEIGH, NC – In a speech last night in Asheville, Governor Beverly Perdue announced that unemployment in the state would jump to 10.1%. Instead of focusing on solutions for an immediate cure, Perdue took the opportunity to mislead the audience as to the real reasons behind the jump, and chose to play the “blame game” instead. This revelation was announced on the eve of the Southern Governors’ Association’s Annual Conference about jobs, an excellent opportunity for Governor Perdue to learn what real leadership is and how to reduce unemployment from successful GOP job-creating governors.

URL: http://www.ncesc1.com/PMI/Rates/PressReleases/State/NR_July_2011_StRate_M1.pdf

More than 300,000 workers have lost their job since Perdue was sworn into office 3 years ago. She supported President Obama’s failed “stimulus”, a program that led to the loss of America’s “AAA Credit Rating”, and resulted in markets tumbling. Perdue’s failed economic policies, paired with her lack of objection to President Obama’s agenda, have led to the hemorrhaging of jobs in North Carolina. This morning it was reported that Bank of America will lay off more than 3,500 jobs in Charlotte. This is reflective of poor management of the national economy by President Obama, and no condemnation by Governor Perdue about how his policies have hurt North Carolina.


NCGOP Chairman Robin Hayes had this to say, “This weekend is a great opportunity for Governor Perdue to learn about leadership and effective measures to combat unemployment. 9 out of 10 of the “most pro-business” states are governed by Republicans, so she should take the time to study solutions that actually result in job creation.

It becomes clearer by the day that the Governor knows nothing about job creation. Her focus is only on protecting her own job by blaming others for years of failed Democratic policies.”

URL: http://www.pollina.com/top10probusiness.html

In North Carolina, the Republican-controlled NCGA has been fighting to bring fiscal sanity to the state budget. In just 8 months on the job, their dedication to fiscal discipline is one of the reasons that North Carolina was saved from losing our state’s “AAA Credit Rating.” Moody’s cited North Carolina as “resilient to a downgrade,” at a time when other states are at serious risk of losing their pristine ratings.
URL: http://www.reuters.com/article/2011/07/19/us-usa-states-moodys-idUSTRE76I4XQ20110719

###

Paid for by the North Carolina Republican Party--www.NCGOP.org

Randy's Right: 31 Foregone Facts Barack Obama Fans Should Ponder!

1. If a previous president had doubled the national debt which had taken more than two centuries to accumulate, in just one year, would you have approved?
2. If a previous president had then proposed to double the debt again within 10 years, would you have approved?
3. If a previous president would have spent nearly a trillion dollars in stimulus and guaranteed unemployment would not exceed 8%, would you have called him a liar?
4. If a previous president would have played golf for thirteen weekends in a row leaving it up to congressional leaders to deal with the greatest financial crisis since the great depression, would you have considered him disengaged and out of touch?
5. If a previous president had criticized a state law that he admitted to never even reading, would you have thought him an ignoramus?
6. If a previous president had passed an unconstitutional law that would have absorbed 1/6th of the America’s entire GDP, forced Americans to purchase a private product (in violation of the commerce clause), fined them if they didn’t, hired 16,000 new IRS agents to enforce it, and exempted 1400 organizations from having to abide by that new law, would you have thought him a mafia boss?
7. If a previous president joined the country of Mexico and sued a state in America to force that state to continue to allow illegal immigration, would you have questioned his patriotism and priorities and wonder who his allegiance was to?
8. If a previous president had pronounced Army Corpsman like you pronounce a dead corpse, would you have thought he was stupid?
9. If a previous president had put 87,000 people out of work by arbitrarily placing a moratorium on offshore oil drilling on companies that have one of the best safety records because one foreign company had an accident, would you have agreed?
10. If a previous president had used a forged document as the basis of the moratorium that would render 87,000 American workers unemployed would you have supported him?
11. If a previous president had been the first president to need a teleprompter to get through a press conference, would you have thought this is more proof of how inept he is on his own and that he’s really controlled by smarter people behind the scenes?
12. If a previous president had spent hundreds of thousands of dollars to take his wife to a play in NYC, would you have approved?
13. If a previous president had reduced your retirement plan holdings of GM stock by 90%, given the unions a majority stake in the car maker and shut down 789 perfectly profitable Chrysler dealerships because they were were owned by registered republicans, would you have approved?
14. If a previous president had made a joke at the expense of the Special Olympics, would you have approved?
15. If a previous president had given Gordon Brown a set of inexpensive and incorrectly formatted DVDs when Gordon Brown gave him a thoughtful and historically significant gift, would you have approved?
16. If a previous president had given the Queen of England an iPod containing audios of his speeches, would you have thought it a proud moment for America, or that a narcissist occupied the White House?
17. If a previous president had bowed to Kings of third world countries while on an apologetic tour, would you have approved?
18. If a previous president had visited Austria and made reference to the nonexistent “Austrian language,” would you have thought it a minor slip?
19. If a previous president had filled his cabinet and circle of advisers with people who don’t pay their own income taxes, would you have approved?
20. If a previous president had said there were 57 states in the United States, wouldn’t you have been shocked?
21. If a previous president would have flown all the way to Denmark to make a five minute speech about how the Olympics would benefit him walking out of his front door in his home town, would you not have thought him a conceited, egomaniac?
22. If a previous president had been so Spanish illiterate as to refer to “Cinco de Cuatro” in front of the Mexican ambassador when it was the fourth of May (Cuatro de Mayo), and continued to flub it when he tried again, would you have not been embarrassed?
23. If a previous president had burned 9,000 gallons of jet fuel to go plant a single tree on “Earth Day,” would you have concluded he’s a hypocrite?
24. If a previous presidents’ administration had okayed Air Force One flying low over millions of people followed by a jet fighter in downtown Manhattan that caused widespread panic, would you have thought him insensitive and clueless about what actually happened on 9/11?
25. If a previous president had created the position of 45 Czars who reported directly to him, bypassing the House and Senate and usurping the Constitution, would you have ever approved?
26. If a previous president had ordered the firing of the CEO of a major corporation, even though he had no constitutional authority to do so, would you have approved?
27. If a previous president had spent nearly $2 million dollars hiding his identity all the way back to his childhood, would you have been suspicious?
28. If a previous president had been raised a muslim, spent more time living abroad in Islamic countries than he did in the United States, hung out with terrorists, and attended a hate church for 20 years, would you have not thought him brainwashed?
29. If a previous president had received a Nobel Peace Prize for nothing more than out campaigning his competitors, would you have thought him the laughing stock of recipients?
30. If a previous president had ordered a botched illegal gun running operation that resulted in American arms winding up in the hands of foreign drug cartels who in turn murdered Americans, would he have not had blood on his hands and been ordered to resign?
31. If a previous president had released a fraudulent long form birth certificate and was factually proven ineligible to even be the president whether he was born on American soil or not, would you have not demanded impeachment?  (Editor's Note:  Obama is NOT and a natural-born citizen, as required by the Constitution, NO WAY-- NO HOW!)

In summary, when you ask Obama to “Barack Your World,” refer to this list and try not to hurl.
Until next time . . . Wake Up America!

Kevin A. Lehmann

http://www.teapartynation.com/profiles/blog/show?id=3355873%3ABlogPost%3A1123550&xgs=1&xg_source=msg_share_post

Auditors find waste in Obama's weatherization program

The stimulus weatherization project--the one that was supposed to help millions of low-income homeowners across the country save money on their utility bills by spending thousands of government dollars to seal the cracks in their windows and doors--has been suspended in Delaware and is under close scrutiny in nearly a dozen states. In Joe Biden's home state, an auditor found that weather-proofing contractors were going above and beyond in their duties: Instead of just sealing windows and insulating attics, they were doing extreme home makeovers to the tune of many thousands and thousands of dollars more than expected! As a result, the program has been on hold for over a year, and "only 689 homes have been retrofitted while roughly 6,000 families are on the waiting list for help." Gee, how many jobs did that program create or save?


http://www.foxnews.com/politics/2011/04/14/obamas-5-billion-weatherizing-program-wastes-stimulus-funds-auditors/

Investigate This! By Ann Coulter

The Republicans are back in charge in the House of Representatives this week, and not a moment too soon!


Forget "stimulus" bills and "shovel-ready" bailouts (for public school teachers, who need shovels for what they're teaching), the current financial crisis, which is the second Great Depression, was created slowly and methodically by Democrat hacks running Fannie Mae and Freddie Mac over the past 18 years.

As even Obama's treasury secretary admitted in congressional hearings, "Fannie and Freddie were a core part of what went wrong in our system." And if it's something Tim Geithner noticed, it's probably something that's fairly obvious.


Goo-goo liberals with federal titles pressured banks into making absurd loans to high-risk borrowers -- demanding, for example, that the banks accept unemployment benefits as collateral. Then Fannie repackaged the bad loans as "prime mortgages" and sold them to banks, thus poisoning the entire financial market with hidden bad loans.


Believe it or not, the loans went belly up, banks went under, and the Democrats used taxpayer money to bail out their friends on Wall Street.

So far, Fannie and Freddie's default on loans that should never have been made has cost the taxpayer tens of billions of dollars. Some estimates say the final cost to the taxpayer will be more than $1 trillion. To put that number in perspective, for a trillion dollars, President Obama could pass another stupid, useless stimulus package that doesn't create a single real job.

Obama's own Federal Housing Finance Agency reported recently that by 2014, Freddie and Fannie will cost taxpayers between $221 billion to $363 billion.

Over and over again, Republicans tried to rein in the politically correct policies being foisted on mortgage lenders by Fannie Mae, only to be met by a Praetorian Guard of Democrats howling that Republicans hated the poor.

In 2003, Republicans on the Senate Banking Committee wrote a bill to tighten the lending regulation of Fannie and Freddie. Every single Democrat on the committee voted against it.

In the House, Barney Frank angrily proclaimed that Fannie Mae was "just fine."

Rep. William Clay, D-Mo., accused Republicans of going on a "witch hunt" against Fannie Mae and attempting a "political lynching of Franklin Raines" (which, in a game of "bad metaphor Scrabble" would have been a double word score).

Fannie was pressuring banks to write mortgages with no money down and no proof of income. What could go wrong?

In 2004, Bush's White House Chief Economist Gregory Mankiw warned that Fannie was creating "systemic risk for our financial system." In response, Barney Frank went to a champagne brunch with his partner "just because."

Democrats saw nothing of concern in the Fannie debacle. Bad mortgages don't contain sodium, do they? They don't engage in "hate speech." And they don't emit carbon dioxide. There was nothing to catch a Democrat's eye.

In 2005, when the housing bubble burst, Sen. Chuck Schumer, D-N.Y., introduced a bill allowing Fannie Mae to buy up even more schlock mortgages, apparently reasoning that if owning some toxic mortgages is bad, owning lots of them must be better!

He accused Republican opponents of his suicidal bill of being against affordable housing. (And that is a specific example of how liberals love the poor so much, they promoted policies to create millions more of them.)

As late as 2008, Sen. Chris Dodd, D-Conn., who had received more than $133,000 in political contributions from Fannie Mae, called Fannie "fundamentally strong" and "in good shape" -- which is the kind of thing the Politburo used to say about Yuri Andropov right after he died.

(Amazingly, Dodd was only the second most embarrassing Democrat to run for president in 2008, but only because John Edwards was also running that year.)

As the titanic losses were racking up, Fannie Mae's operators, Franklin Raines and Jamie Gorelick, disguised the catastrophe by orchestrating a $5 billion accounting fraud -- all the while continuing to pressure banks to make absurd, politically correct loans and denouncing Republicans as enemies of the poor.

In Gorelick's defense, at least when she was wrecking the economy, she wasn't able to wreck national security by building any more walls between the FBI and the CIA.

Have you ever noticed that whenever there's a major calamity in this country, the name "Jamie Gorelick" always pops up? I think I'll pull some articles about the Great Chicago Fire from Nexis to see if there was a "Gorelick" living on Catherine O'Leary's block.

As Peter Schweizer points out in his magnificent book "Architects of Ruin," which everyone should read, Enron's accounting fraud was a paltry $567 million -- and it didn't bring down the entire financial system. Those involved in the Enron manipulations went to prison. Raines and Gorelick not only didn't go to jail, they walked away with multimillion-dollar payouts, courtesy of the taxpayer.

(Here's more fascinating Jamie Gorelick trivia: That giant wall she built between the FBI and the CIA, making 9/11 possible? It was financed with a risky loan from Fannie Mae.)

Under the Democrats' 2010 "Financial Reform" bill (written by Chris Dodd, Barney Frank and Goldman Sachs), Raines keeps his $90 million, Jamie Gorelick keeps her $26.4 million, and Goldman keeps its $12 billion from the AIG bailout.

Let's get it back. Twelve billion, one hundred and sixteen point four million dollars might not sound like a lot to you, but it starts to add up.


http://www.humanevents.com/article.php?id=41005

GE Got $24.9 million in grants

Obama Administration Gave General Electric—Parent Company of NBC--$24.9 Million in ‘Stimulus’ Grants

Note:  GE was a major contributor to the Obama Presidential Campaign!

(CNSNews.com) - 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://www.cnsnews.com/news/article/obama-administration-gave-general-electr

National Center for Public Policy Research

Obama Rewards Companies Pushing His Energy Policy


Posted on October 8, 2010 by Guest Writer
 
On Thursday, policy experts from the National Center for Public Policy Research are calling attention to corporate special interest groups receiving stimulus money that also are lobbying for Obama’s energy policy.


“It’s alarming that many of the remaining corporate members of the United States Climate Action Partnership – a cap-and-trade lobbying group – such as General Electric, Duke Energy, NextEra Energy, Exelon, and Honeywell all received economic stimulus funds. It seems pushing Obama’s agenda has financial rewards. The coordinated effort between big government and big business threatens our free enterprise system,” said Tom Borelli, Ph.D., director of the National Center’s Free Enterprise Project.

General Electric seems to be a chief beneficiary of stimulus funds, (and was a major contributor to Obama's campaign) with federal money being given to many of its businesses. As noted in a 2009 Wall Street Journal story, ‘General Electric Pursues Pot of Stimulus Gold,’ GE CEO Jeff Immelt geared up his lobbying army to exploit President Obama’s economic stimulus package.

“Immelt hit the jackpot with Obama’s stimulus funds. According to null, GE is the recipient of over $49 million in grants and contracts from a wide range of government departments including Energy, Defense, Justice, and Health and Human Services. Not only did GE get direct support, the company will likely benefit from the hundreds of millions of dollars that went to GE’s utility customers – Duke Energy, NextEra Energy and Exelon. Looting public funds for profit appears to be a primary business strategy adopted by Immelt,” added Tom Borelli.

A renewable energy mandate is the latest energy policy being proposed in Congress. Senators Jeff Bingaman (D-NM), Chairman of the Senate Energy and Natural Resources Committee, and Sam Brownback (R-KS) recently introduced a renewable energy standard bill in the Senate that mandates 15 percent of electricity must be derived from energy sources such as wind and solar power by 2021.

“With cap-and-trade apparently dead in the Senate, Obama and his big business allies may push a renewable energy standard as a fallback position during the lame-duck session in Congress. The renewable electricity mandate would be an incremental step towards Obama’s energy goals,” said Deneen Borelli, full-time fellow of the National Center-sponsored African-American leadership group Project 21.

“A renewable electricity requirement will benefit GE since it will force utilities to buy wind and solar power products that the company makes, but it will harm our economy. Electricity prices will increase, leading to a loss of manufacturing jobs,” added Deneen Borelli.

Visit the National Center for Public Policy Research‘s website at: www.NationalCenter.org.

http://floydreports.com/?p=2422

More than 89,000 stimulus payments of $250 each went to people who were either dead or in prison, a government investigator says in a new report.

72,000 Stimulus Payments Went to Dead People


http://www.resistnet.com/forum/topic/show?id=2600775%3ATopic%3A2818443&xgs=1&xg_source=msg_share_topic