Patriot Update

Tag Archives: stimulus

• Post: President Obama’s General Motors hypocrisy

    The Wall Street Journal reports today that General Motors executives have asked the Treasury Department to sell its stake in the giant automaker. The administration has refused. Oddly enough, today we also learned that the Obama administration is … Continue reading →

  

• Post: Ratings Agency Downgrades U.S. Credit

    Downgraded. Again.  Citing the most recent round of stimulus, the ratings agency Egan-Jones on Friday gave the U.S. a credit rating of AA-, down from its solid AA rating.  Michael Aneiro at Barron’s notes that … Continue reading →

  

• Article: Without the Big O, You Can’t Build That

    Meet Julia. She doesn’t have a last name,but just like you—under “Big O” of course—she has Daddy Government to lean on. When she can’t pay her student loans, eh… payment schmayment. When she gets old, … Continue reading →

  

• Post: Romney: Let’s Talk About Staples vs. Solyndra

    This is the case Mitt Romney should be making every single day: <iframe width=”560″ height=”315″ src=”http://www.youtube.com/embed/Jp77e4lxplI” frameborder=”0″ allowfullscreen></iframe> The Obama campaign pretends that they want to make Romney’s record at Bain Capital an issue.  They … Continue reading →

  

• Post: Government Motors Stock Hits All Time Low, U.S. Taxpayers Now $42 Billion In The Hole…

    Despite President Barack Obama’s stories about a resurgent GM ready to repay its bailout tab, the automaker and its former bank still owe taxpayers nearly $42 billion, according to an inspector general’s report. GM owes … Continue reading →

  

• Post: Could an Obamacare Ruling Doom Reelection Hopes?

  Michael Scherer of Time pointed out on Chuck Todd’s “Daily Rundown” that if the Supreme Court declares Obamacare’s individual mandate unconstitutional, it creates an enormous opportunity for the GOP against Obama in the fall, exacerbating public … Continue reading →

  

• Post: Arse Backwards: The Fed’s Approach to Housing

  In reaffirming its near 0% interest rate policy for another three years the Federal Reserve averred that this was ­necessary to revive the housing market, which, in turn, was necessary for the economy to revive. House … Continue reading →

  

• Post: Outrage! Author of ‘stimulus’ linked to companies it helped

  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 … Continue reading →

  

• Post: Budget Office: Obama’s Stimulus Failed on Jobs

  In a blow to the Obama administration, the Congressional Budget Office has concluded that the president’s economic stimulus plan created fewer jobs than expected and “crowds out” private investment. A new report released on Tuesday finds … Continue reading →

  

• Post: Obama’s ‘Jobs Bill’ Makes ACORN Eligible for $15 Billion in Taxpayer Money

  ACORN and other radical left-wing groups would be eligible for up to $15 billion in federal funding if President Obama’s new economic stimulus package becomes law. Section 261 of the bill provides $15 billion for “Project … Continue reading →

  

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