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Tag: stimulus

scandals

18 Major Scandals in Obama’s ‘Scandal-Free’ Presidency

President Obama and his mouthpieces have embarked on a bizarre scheme to hypnotize America into forgetting the many scandals of his presidency. They seem to think that intoning “this administration hasn’t had a scandal” over and over again will make history disappear. It’s the lamest Jedi Mind Trick ever, and is being pushed on people who know Star Wars is just a movie.

Obama-Grant-Park-2008-12-21-2016 (David Guttenfelder / Associated Press)

‘Legacy’: 10 Ways Barack Obama Broke the American System

What broke it? Both parties acquiesced in bank liberalization, in open-borders immigration, and in Wall Street bailouts. But the most acute challenge was Barack Obama’s direct attack on the constitutional framework itself. Obama sought to transform America, and believed that the ends would justify the means.

(Associated Press / Globe Newswire)

Solyndra II: Energy Company Busts on Eve of Climate Summit

As President Barack Obama departed for the climate summit in Paris, he faces a new “Solyndra” scandal as Spain’s Abengoa SA, which received $3 billion in administration sustainable energy loans and Export-Import Bank guarantees, announced that it has started bankruptcy proceeding and may soon default on its debt.

California snow (Rich Pedroncelli / Associated Press)

El Niño Rain, Snow Lost to Lack of Infrastructure

Despite El Niño generating three times the amount of snow in Mammoth in the first half of this month as it did for the entire month of November last year, California’s failure to build infrastructure means most rain will be lost to run-off and flooding.

Barack Obama

Another Obama-Funded Energy Firm Makes Its Final Emission

Michigan’s Alpena Biorefinery announced that it is taking a “sabbatical,” after drinking $22 million of taxpayers’ stimulus cash and after consuming unknown amounts of additional and indirect taxpayer funding—all just to show it could convert wood chips into pure alcohol.

REUTERS/Aly Song

China’s Stock Market Crisis Continues

Investors hope the U.S. and European markets are stabilizing after Monday morning’s free fall, but China’s stock market dropped again on Tuesday. It looks as if the parachutes are finally popping, as the AP reports the Shanghai Composite rallied from a 6.4% drop on Tuesday morning to a 4.3% loss by midday. This follows an 8.5% plunge on Monday, the worst performance in eight years.

REUTERS/PETAR KUJUNDZIC

China’s Unmassaged Growth Rate Plummets to 1.7%

Diana Choyleva of Lombard Street Research, who produces an “unmassaged” calculation of China’s true economic growth, just reported that China’s fourth quarter GDP growth plummeted to 1.7 percent, versus the official 7.4 percent rate.