The whole thing was a waste of money and isn't creating any jobs like they said.
Hey, what's one more looting lie, 'eh?
"FBI chief says bailouts invite fraud" by Thom Weidlich, Bloomberg News | June 3, 2009
NEW YORK - FBI director Robert Mueller says the government's stimulus package, including the Troubled Asset Relief Program, has "the potential to be the next wave" of cases the agency investigates.
Related: FBI Blind on Bailout Looting
"These funds are inherently vulnerable to bribery, fraud, conflicts of interest, and collusion," he said yesterday at the Economic Club of New York. "There is an old adage: Where there is money to be made, fraud is not far behind, like bees to honey."
Related: No More Bee Buzz
With trillions of dollars at stake, "even a small percentage of fraud would result in substantial, substantial taxpayer losses," he said. Vice President Joe Biden echoed Mueller's comments in his own speech in New York.
"There's going to be mistakes made," Biden told a business roundtable at Pace University. "There are these scam artists out there sending people applications. There is all kinds of stuff that we know is going to go on, and we know some of this money is going to be wasted."
But toss it out there anyway, 'eh, Joe?--more--"
Let the LOOTING BEGIN!
"Higher-ed group blasts use of stimulus money" by Peter Schworm, Globe Staff | June 4, 2009
A Massachusetts higher education advocacy group filed a federal complaint yesterday against the Patrick administration, contending that state officials are spending stimulus money meant for colleges and universities to bridge the state's general budget deficit.
Related: Pigs at the State Trough
The Public Higher Education Network of Massachusetts, known as PHENOM, argues that the state is sidestepping provisions in the federal stimulus law....
--more--"
SACRAMENTO - Remember the "shovel-ready" projects lined up for all that stimulus money? It turns out social spending, more than construction, is hitting pay dirt in the huge federal effort to turn the economy around.
The public face of the stimulus package has been the worker in a hard hat, getting back on the job to rebuild the nation's infrastructure.
This spring, for example, Governor Arnold Schwarzenegger of California appeared before the cameras at a job site along a freeway east of San Francisco. He declared that the stimulus-financed project would provide paychecks for 235 construction workers who otherwise would have to "stand in the unemployment line."
Related: The California "Crisis"
The reality of how the vast majority of the stimulus money will be spent is quite different, and that raises questions about how much help the recovery legislation achieved by President Obama will be to the economy in the long run.
Most of the roughly $300 billion going directly to the states is being funneled through existing government programs for healthcare, education, unemployment benefits, food stamps, and other social services.
And they are STILL GETTING WHACKED?
Not that I don't appreciate the effort; however, SHUT DOWN the WAR MACHINE and stop BAILING OUT BANKS and we'll have PLENTY of MONEY!
"We all talked about 'shovel-ready' since September and assumed it was a whole lot of paving and building when, in fact, that's not the case," said Chris Whatley, Washington director of the Council of State Governments, a trade group for state governments. He estimates that states will get three times more money for education than for transportation.
Not in Massachusetts!
Two-thirds of recovery money that flows directly to states will go toward healthcare.
Yeah, that's another state mess -- and they wanna take the plan national?
By comparison, about 15 percent of the money is for transportation, including airports, highways, and rail projects, according to Federal Funds Information for States, a service of the National Governors Association and the National Conference of State Legislatures.
And look at what projects ARE funded: Look What Made the State Stimulus Wish List
You got an $800 BILLION DOLLAR LOOTING on your hands, 'murka! All to fulfill the GLOBAL DEPOPULATION AGENDA when you THINK ABOUT IT!
Overall, two-thirds of the stimulus program will go toward tax cuts, relief for state budgets, and direct payments to the unemployed and others hurt by the recession, part of the administration's desire to provide immediate fiscal relief. Much smaller pieces of the pie will be allocated for weatherization, affordable housing, and other projects designed to create jobs.
So it NEVER WAS ABOUT JOBS -- it was about DEMOCRATS FAVORITE INTERESTS!
John Husing, a Southern California economist, said keeping teachers and police officers employed should help prevent the recession from getting worse. But he said the stimulus package would have improved communities' ability to grow over the long haul if it had dedicated more money to public works.
They are GETTING LAID OFF ANYWAY!!!
While billions of dollars eventually will flow to infrastructure projects, Democrats who crafted the package say they directed most of it to existing government programs such as Medicaid and education to prevent state economies from slipping even more. One goal was to help fill state budget gaps, keeping teachers and others employed while strengthening the social safety net.
So what happened? Where did all the money go?
It's an approach that has led to debates in state houses and among economists about whether more of the money should have been steered to projects that generate more private-sector jobs and lead to long-term growth.
Remember the PRESSURE they put on to PASS this piece of SHIT?
Going to create MILLIONS of jobs, blah, blah, blah!
"Too many of the dollars are social service dollars," said George Runner, a Republican state senator in California. "The most compassionate thing we can do is to get the economy going and get jobs created."
If the aim of the stimulus package was to jolt the economy, the government could have concentrated more of the money on areas that have suffered the steepest declines during the recession - housing, auto, retail, and restaurants, said Edward Leamer, an economist with the Anderson School of Management at the University of California at Los Angeles.--more--"
Translation: You got took, America!
And EVERYBODY KNOWS IT because the AGENDA-PUSHING MSM picks up the agenda-pushing cudgel again!
"Biden to declare plans to 'ramp up' stimulus projects over summer" by Associated Press | June 6, 2009
Responding to the latest unemployment numbers, Vice President Joe Biden said yesterday that he and President Obama will announce Monday plans to "ramp up" the pace of projects during the summer from the $787 billion economic stimulus plan.
The Labor Department reported that while employers cut 345,000 jobs in May - the lowest monthly total since September - the national unemployment rate still rose from 8.9 percent to 9.4 percent, the highest in more than a quarter-century....
Biden, who was put in charge of overseeing the recovery package by Obama, said that 3,600 projects are underway from the stimulus package, which just passed its 100-day mark, and that the lower number of layoffs shows "some signs" of this.
Critics, however, have complained that money for roads and other infrastructure projects has been slow in arriving, and have questioned the administration's jobs figures - more than 150,000 saved or created as of late last month, 100 days after the stimulus was passed....
Here we have LOST 7 MILLION JOBS since this thing started (hidden for 10 months by the same MSM) and these guys are crowing about 150k?
"Accelerated stimulus plan would aid Mass. projects; President seeks ways to save jobs" by Joseph Williams, Globe Staff | June 9, 2009
WASHINGTON - The Bunker Hill monument will get repairs, the town of Sutton will get a new $1.4 million wastewater system, and 36 health clinics statewide will expand care - all by the end of summer - under a plan President Obama outlined yesterday to accelerate spending of the $787 billion economic stimulus package. His goal: create or save 600,000 jobs in the next three months.
They just throw out numbers, don't they? How can you believe anything they say anymore? No wonder people are abondoning newspapers!
The president, returning from his second major foreign trip, tried to reassure Americans that the stimulus plan is on track - even though the 150,000 jobs the White House says it created or saved since he signed the bill in February was far outpaced by 1.6 million job losses over the same period....
Umm, yeah, we've tired of the lying.
Speaking to reporters before the Cabinet meeting, Obama noted that the 345,000 jobs lost in May made up the lowest total since September, asserting that "it's a sign that we're moving in the right direction."
Okay George, 'er, 'bamer.
While his overall job approval ratings remain high, disapproval of Obama's handling of the economy has risen from 30 percent in February to 42 percent in late May, according to a Gallup poll.
Translation: AGENDA-PUSHING POLLS LIE!!!
I'll never believe an MSM poll ever again.
The BETRAYALS have TAKEN THERE TOLL no matter WHAT the agenda-pushing MSM says!
Jared Bernstein, Vice President Joseph Biden's chief economist, admitted yesterday that the administration, which had projected the unemployment rate would be about 8 percent in May, "was clearly too optimistic" about the depth of the recession. However, he stood by estimates that by the end of next year, the stimulus will create or save 3.5 million jobs and lower the unemployment rate by 1.5 to 2 percentage points.
(I really don't know what to say; from 150,000 to 600,000 to 3.5 million. These guys as big a bullshiitters as the Bush crew)
Some economists and political analysts said the White House is still being too optimistic. They said Obama's announcement was an attempt to get ahead of an economic reality: most stimulus plans take time, and the jobless rate will probably get worse even as the economy shows signs of recovery.
Or we are BEING LIED TO and having SMOKE BLOWN UP OUR A**!!!!
Raymond Hill, an Emory University finance professor and a former Wall Street investment banker, said while "President Obama is doing the right thing" to have the stimulus money spent faster to stanch rising unemployment and promote consumer optimism....
--more--"Yeah, NEVER MIND the REALITY of what you SEE in FRONT OF YOU, right?
"Despite job losses, stimulus works, Biden says" by Associated Press | June 15, 2009
WASHINGTON - Vice President Joe Biden said yesterday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness.
Biden said inaccuracies in unemployment predictions shouldn't undercut the White House's support of the $787 billion economic revival plan, which has not met the expectations of President Obama's team. Instead, the vice president urged skeptics to look at teachers who kept their classroom assignments and police officers who kept their beats because of financial assistance from Washington....
Tired of the hot fart mist yet?
Biden said the White House is keenly aware of the gap between the rhetoric used to sell fast passage of the legislation and the reality that has 14.5 million people unemployed.
Translation: the American people may take a while, but they can smell a turd in the room.
"No one realized how bad the economy was....," Biden said.
More like YOU DIDN'T LISTEN to them (Ron Paul) and they were DISPARAGED by the MSM!!! Yet, after all of it, they are STILL IGNORED!!!!!
The White House has tapped Biden as its chief spokesman on the economic stimulus plan, sending him across the country to drum up support for a plan that has yet to have the promised impact.
Because it WASN'T MEANT for that!
That was simply the MARKETING STRATEGY they decided to employ -- you know, like Bush!
--more--"
But the GLOBE FRONT PAGES how much help is the stimulus!
Yes, the agenda-pushing garbage never ends.
"$185m in aid set for Mass.; Water, sewer projects boosted; No estimates on job creation" by Tara Ballenger, Globe Correspondent | June 16, 2009
Massachusetts will get $185 million in federal stimulus money for water and sewer projects, hastening improvements in some 100 Massachusetts cities and towns, the nation's top environmental official announced yesterday in Boston.
The grants - which will also help communities make energy-guzzling water treatment plants more efficient - will reduce the cost that ratepayers will be assessed for the projects.
So they say.
US Environmental Protection Agency administrator Lisa Jackson said the stimulus money will create "new opportunities and jobs" for communities, but neither she nor her staff could provide a figure on how many jobs would be created in Massachusetts.
Most of the money will go for projects that were already in the works. "We would have been moving forward with the project anyway," said Ron LaFreniere, commissioner of public works for Marlborough, which is modernizing a waste treatment plant built in 1972.
But the government aid will significantly reduce what the city has to borrow for the $35 million addition....
It always comes down to the BANKS, doesn't it?
Two-thirds of the federal money will be used for 127 projects designed to reduce the flow of sewage and untreated stormwater into rivers and the ocean....
In smug, self-righteous, pristine-pure Massachushitts?
The remaining federal money will pay for wind turbines, solar panels, and other measures to reduce energy use by wastewater treatment plants.
Agenda-pushing money-losers funded again.
See: The Power of Green
"These will be major construction projects, and will put a lot of people to work," said Bob Keough, spokesman for the state Executive Office of Energy and Environmental Affairs, though he said it was too early to estimate how many.
The money will also help reduce energy use at wastewater plants, said Jackson, noting that in some communities the plants are the largest users of energy. "The idea is that over time you make that plant energy-neutral or even energy-generating," she said in an interview.
Related: Wealthy Responsible For Global Warming
The State Revolving Fund grants low-interest loans to water and sewage districts using state and federal money. Projects that have been approved for these loans are the ones eligible for the cost-reduction grants....
The Massachusetts Water Resources Authority, which delivers drinking water and scrubs wastewater for about 2 million people in Eastern Massachusetts, received $25 million in loan reductions under the stimulus plan. About $1.6 million will go to install rooftop solar panels at the Deer Island Sewage Treatment Facility. The MWRA currently gets about 20 percent of its electricity from methane created by its waste treatment. It is also erecting two wind turbines.
While the stimulus money is welcomed by cash-strapped city governments, some are concerned about the strings attached and the tight deadlines....
Pffft!
The Massachusetts funding announced yesterday is part of $6 billion being awarded from the American Recovery and Reinvestment Act to fund water and wastewater infrastructure projects across the country in the form of low-interest loans, principal forgiveness, and grants.
--more--"
And the pro-stimulus, agenda-pushing Globe will remind you every now and then how much good they are doing you -- no matter what the facts!
Governor Deval Patrick’s administration will spend hundreds of millions of dollars this summer building roads and highway ramps for at least five struggling private developments - from the former Naval air station in Weymouth to Somerville’s Assembly Square - in hopes of jump-starting construction and the local economy.
The money, a combination of federal stimulus money and state funds, will not go directly to the private developers, but rather for public works that Patrick aides said they expect will make it easier for companies to arrange financing in otherwise tight credit markets.
What happened to the trillions in liquidity that the Fed pumped in?
Related: How Big is Your BRA, Boston?
That, in turn, would kick off construction of the planned office parks, shopping centers, housing, and hotels that will create new jobs.
They hope.
Although more projects may be chosen later, the ones already approved include not only SouthField in Weymouth and Assembly Square, but a new business park in Fall River that will recruit biotech companies, the Westwood Station project, and Waterfront Square at Revere Beach....
I DON'T WANT STATE MONEY being WASTED SERVING CORPORATIONS when WE ARE CLOSING SCHOOLS!!!!!!
The AGENDA-PUSHING NEVER ENDS, does it?
"Faster action sought on stimulus; Obama expects unemployment rate to hit 10%" by Jim Kuhnhenn, Associated Press | June 24, 2009
What have you guys been doing the last two weeks? WTF?!!!!!
WASHINGTON - Amid rising public impatience with an economy now under his watch, President Obama yesterday said his administration needs to push money out faster to initiate a recovery and conceded unemployment would rise above 10 percent....
For the second time in a month, Obama voiced unease over the results of a $787 billion economic stimulus that he pressed Congress to pass as one of his first acts as president.
New polls indicate the president faces some erosion of support over his economic policies. Other polls show Americans are more upbeat than last year but still wary of spending, a prescription for a slow recovery.
Obama’s lowered expectations for employment served to prepare the public for more economic bad news even as the economy shows signs the worst of the recession is over.
Yeah, BELIEVE WHAT WE SAY, not what you are EXPERIENCING!
That accounts for the POLL DROP! NO ONE likes a LIAR!!!!!!!
Unemployment typically continues to rise even as an economy begins to recover. Asked for his assessment of Federal Reserve chairman Ben Bernanke, Obama said he has performed “a fine job under very difficult circumstances.’’
Why should we listen to him?
Bernanke’s term ends Jan. 30 and speculation about his replacement has centered on Lawrence Summers, Obama’s top economic adviser and a former Harvard University president. Asked whether he would keep him on the job, Obama demurred: “I’m not going to make news about Ben Bernanke.’’
Ooooh: Censoring Larry Summers' Conflict-of-Interest
Just the kind of crypto-Jew you want running the economy, 'eh?
Obama said the Fed had done better than other agencies in regulating the financial sector leading up to the Wall Street crisis, but he faulted the Fed for not anticipating the risks that contributed to the meltdown last fall....
Yeah, why are those bright guys who f***ed everything up in charge of the "recovery?"
Do you put an arsonist in as the fire chief (okay, maybe in America, yeah)?
