Posts tagged as:

Porkulus

You Think YOUR Three-Year-Old is Expensive!

February 17, 2012

Three years ago today “Hope and Change” became law!  The Porkulus Stimulus became the greatest Keynesian experiment in history, transferring $787 billion from the productive class, our future Chinese masters, as well as our descendants to union hacks, front-groups, and make-work, not-so-shovel-ready maintenance tasks.   It was going to be so awesome that unemployment was [...]

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The 2011 Economy

January 3, 2011

On this first business day of the new year, economic analysts are putting forth their own predictions for the economic situation that will unfold in 2011.  The flailing economy has been one of the major stories for the past two years, and one of the major reasons for the Republican electoral landslide this past November.  [...]

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The Obama Stimulus and the Economic Climate

February 22, 2010

This ad, put out by House Minority Whip Eric Cantor, clearly outlines the chasm that exists between what the Democrats promised in regards to the 2009 stimulus package, and what has actually occurred over the past year.  It illustrates the complete failure of the stimulus in clear turns, and I am sure is a preview [...]

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The Porkulus Bill – One Year Later

February 17, 2010

The stimulus Porkulus Bill is one year old today.  It was signed into law by President Obama on February 17, 2009, with many promises: The porkulus promised to “create or save” 3.5 million jobs.  Since February 17, 2009, we’ve lost 2.4 million jobs. The administration promised that, with the porkulus, unemployment would cap out at [...]

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Previously “Temporary” Measures Made Part of Obama’s Baseline Budget

February 11, 2010

It appears that Obama is using a bit of budgetary sleight-of-hand to help contribute to the record deficit found in his 2011 budget proposal by taking some of the “temporary” measures of the Porkulus bill and making them part of the budget baseline (as predicted here).  Seems that Ronald Reagan was right when he said [...]

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Stimulus Price Tag $75 Billion Higher Than Initially Thought

January 26, 2010

The Stimulus Porkulus Bill that passed in early 2009 was projected to cost about $787 billion.  The CBO today revised that figure upwards by $75 billion, bringing the total projected cost for the stimulus to about $862 billion.  This is due to the fact that the projections put forth by Obama and the CBO for [...]

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The Stimulus Slush Fund Spending Money in Places That Don’t Exist

January 4, 2010

I’ve said all along that the Obama administration would be nothing more than Chicago thug politics, mob rule meets the White House, and that the stimulus porkulus was nothing but a Democrat slush-fund.  Well, Stimulus reporting is now resembling a classic money-laundering scheme.  It seems that the same agency that reports on how many jobs [...]

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The Other Shoe

December 15, 2009

Consider this: $700 billion for TARP $800 billion for the Obama Stimulus Porkulus $170 billion for Bush’s 2008 stimulus $5.5 trillion in outlays by the Federal Reserve to shore up the banking industry $3.1 trillion 2009 Federal Budget $3.55 trillion 2010 Federal Budget That brings the total spending of the Federal Government for 2008 to [...]

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Obama Is Insanity Defined

December 9, 2009

A classic definition of insanity is repeating the same action over and over again, expecting different results.  Obama is insanity defined.  His much-touted stimulus (a.k.a. Porkulus) package purported to spend money on roads and bridges, give some tax breaks to small businesses (although they were tax breaks designed to produce a liberal policy objective, not [...]

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What does Obama have on the CBO?

December 1, 2009

Pure speculation here, but it seems that the CBO has done a 180 in the last several months.  Initially, their predictions on the cost of ObamaCare were pretty harsh to the Democrats, and fairly accurate.  In recent months, they seem to be using skewed accounting to illustrate that ObamaCare will: Lower the deficit Lower insurance [...]

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We Spent $787 Billion, and All We Got Was A Lousy T-Shirt

October 15, 2009

Hope and Change.  $787 Billion spent, the single largest spending package (both in raw dollars and adjusted for inflation) in American History.   Promises of job creation and an end to the recession, and what do we have to show for it?  A dollar that is falling faster than Congress’ approval rating, and only 30,000 [...]

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Obama Administration Cajoling Our Schools

July 24, 2009

There’s an extra $5 billion in Porkulus aid just waiting for certain school districts out there across the nation on top of the whopping $100 billion provided for schools in the Porkulus package.  With this $5 billion amount, the catch is that your district must give up any kind of independent sovereignty to government dictates, “prodding” [...]

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