Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts

$19.3 Billion only created 3,500 jobs

| Tuesday, September 20, 2011 | 0 comments |
by Carol D. Leonnig
and Steven Mufson

A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show.

The program — designed to jump-start the nation’s clean technology industry by giving energy companies access to low-cost, government-backed loans — has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies.

President Obama has made “green jobs” a showcase of his recovery plan, vowing to foster new jobs, new technologies and more competitive American industries. But the loan guarantee program came under scrutiny Wednesday from Republicans and Democrats at a House oversight committee hearing about the collapse of Solyndra, a solar-panel maker whose closure could leave taxpayers on the hook for as much as $527 million.

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Evangelicals Left Off National Cathedral 9/11 Program

| Sunday, September 11, 2011 | 0 comments |
By Todd Starnes

A weekend of religious-themed observances at Washington National Cathedral marking the tenth anniversary of the September 11 terrorist attacks will include a Buddhist nun and an Imam, but not an evangelical Christian, leading the head of the Southern Baptist Convention to ask President Obama to reconsider attending the event.

“A Call to Compassion” will include an interfaith prayer vigil on Sept. 11. It will feature the dean of the Cathedral, the Bishop of Washington, a rabbi, Buddhist nun and incarnate lama, a Hindu priest, the president of the Islamic Society of North America and a Muslim musician.

However, Southern Baptists, representing the nation’s largest Protestant denomination, were not invited to participate – and neither were leaders from any evangelical Christian organization.

“It’s not surprising,” said Frank Page, president of the Southern Baptist Convention Executive Committee. “There is a tragic intolerance toward Protestants and particularly toward evangelicals and I wish the president would refuse to speak unless it was more representative.”

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Handy Dandy Reference on Obama Lies

| Thursday, June 30, 2011 | 0 comments |
by Glenn Beck

Below is a list of Obama’s documented lies so far with the most recent lies first. If you see we are missing a documented lie Submit the lie here.

Lies During Third Year

USA producing more oil than ever before
Petroleum Insights
Fence between US and Mexico is “Practically Complete”
Department of Homeland Security says 5%

Lies During Second Year

If you like the health care plan you have you can keep it
TownHall
“Under our plan, no federal dollars will be used to fund abortions, and federal conscience laws will remain in place.”
U.S. Capitol, Washington, D.C., September 9, 2009.
ObamaCare Fee is not a new tax
Obama denies healthcare is a new tax on all Americans
We have run out of places in the US to drill for oil.
Obama’s oval office speech in June 2010
Now suddenly if you don’t have your papers and you took your kid out to get ice cream, you can be harassed, that’s something that could potentially happen.
Arizona Immigration Law

Lies During First Year

I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.
Obama Inaugaration. 20 Jan 2009
Cut Deficit in Half by end of first term
Associated Press Video
Health Care deals will be covered on C-span
Obama Lies

2008 Campaign Lies

Obama campaign would accept public funding
ABC
Didn’t know Jeremiah Wright was Radical
Dreams of My Father – A radical Socialist.
Would have the most transparent administration in History
Cato Institute
I have visited all 57 states.
Snopes
I’ll get rid of earmarks
Source: Any bill passed during presidency
When a bill lands on my Desk, The American people will have 5 days to review it before I sign it.
Campaign Speech
My father served in World War II.
The Videos and the Facts

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Taxpayers Face Multibillion Dollar Loss from Auto Bailouts

| Monday, June 13, 2011 | 0 comments |
by David Skeel

President Obama's visit to a Chrysler plant in Toledo, Ohio, on Friday was the culmination of a campaign to portray the auto bailouts as a brilliant success with no unpleasant side effects. "The industry is back on its feet," the president said, "repaying its debt, gaining ground."

If the government hadn't stepped in and dictated the terms of the restructuring, the story goes, General Motors and Chrysler would have collapsed, and at least a million jobs would have been lost. The bailouts averted disaster, and they did so at remarkably little cost.

The problem with this happy story is that neither of its parts is accurate. Commandeering the bankruptcy process was not, as apologists for the bailouts claim, the only hope for GM and Chrysler. And the long-term costs of the bailouts will be enormous.

In late 2008, then-Treasury Secretary Henry Paulson tapped the $700 billion Troubled Asset Relief Fund to lend more than $17 billion to General Motors and Chrysler. With the fate of the car companies still uncertain at the outset of the Obama administration in 2009, Mr. Obama set up an auto task force headed by "car czar" Steve Rattner.

Under the strategy that was chosen, each of the companies was required to file for bankruptcy as a condition of receiving additional funding. Rather than undergo a restructuring under ordinary bankruptcy rules, however, each corporation pretended to "sell" its assets to a new entity that was set up for the purposes of the sale.

With Chrysler, the new entity paid $2 billion, which went to Chrysler's senior lenders, giving them a small portion of the $6.9 billion they were owed. (Fiat was given a large stake in the new entity, although it did not contribute any money). But the "sale" also ensured that Chrysler's unionized retirees would receive a big recovery on their $10 billion claim—a $4.6 billion promissory note and 55% of Chrysler's stock—even though they were lower priority creditors.

If other bidders were given a legitimate opportunity to top the $2 billion of government money on offer, this might have been a legitimate transaction. But they weren't. A bid wouldn't count as "qualified" unless it had the same strings as the government bid—a sizeable payment to union retirees and full payment of trade debt. If a bidder wanted to offer $2.5 billion for Chrysler's Jeep division, he was out of luck. With General Motors, senior creditors didn't get trampled in the same way. But the "sale," which left the government with 61% of GM's stock, was even more of a sham.

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Obama Snubs British Scientists

| Friday, June 3, 2011 | 0 comments |
Barack Obama snubs British scientists by
refusing to receive Royal Society medal

by Heidi Blake

The US President rejected the invitation from the world-leading group of scientists and instead chose to visit a south London state school.

Sources close to the state visit said members of the Royal Society were “deeply offended” by the snub and had accused Mr Obama of being obsessed with his “street cred”.

The US President was offered the chance to receive the King Charles II medal, which is awarded in “exceptional circumstances” to heads of state who have “made an outstanding contribution to furthering scientific research in their country”.

The last person to receive the medal was Angela Merkel, the German Chancellor, in 2010.

The honour was to be conferred on the US President at a dinner where he would be introduced to “some of Britain’s brightest and best young scientists” as well as some of the society’s most prestigious fellows.

But Mr Obama’s aides responded to the invitation with a “very short” note in which they said the president would rather spend time at a south London state school.

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