Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts

Thursday, October 18, 2012

U.S. Spent $27 Million on ‘Ineffective’ Pottery Classes--in Morocco.....

I swear....you can't write this stuff...........

“A key part of the project involved training Moroccans to create and design pottery to sell in domestic and international markets,” the 2012 “Waste Book” explains. “To accomplish this, an American pottery instructor was contracted to provide several weeks of training classes to local artists to improve their methods and teach them how to successfully make pottery that could be brought to market.

“Unfortunately, the translator hired for the sessions was not fluent in English and was unable to transmit large portions of the lectures to the participants,” it said.

Tuesday, October 16, 2012

Obama: ‘We Got Back Every Dime’ of Bailout; CBO: Bailout Will Lose $24 Billion.......

 President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system."

According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout.

Monday, October 15, 2012

Troubling Auto-Rescue Plunder (TARP)...


The car companies brag that they "paid back" their loans. Sure, the "loans" were $413 million of the total $80 billion. They got $80B; they have never paid back $37B of that; and we never expect to see $20B of that. I will gladly pay the federal government $1M if it gives me $50M in the first place!

Wednesday, October 10, 2012

Sesame Street received $1 mil stimulus bill grant – created “1.47″ jobs |.....

 The projected created “1.47″ new jobs, the website reported. How they could calculate this to a hundredth of a percent is anybody’s guess. In any event, that comes out to about $726,000 per job created.

The money is separate from the funds Sesame Workshop receives from the federally-funded Corporation for Public Broadcasting to run the Sesame Street program on PBS stations.

Tuesday, October 09, 2012

Obama's Re-Election Case Rests On 5 Phony Claims....

 Excellent Read! Pass it on!

That argument appears to be working. More people continue to blame Bush than Obama for the current poor state of affairs, and some surveys show that consumer confidence has recently increased.

But each part of Obama's argument is based on claims that are not accurate: