D.C. Attorney General Irvin Nathan has accused a District HIV/AIDS service provider of spending nearly $330,000 in federal tax dollars to open a strip club.
Attempts to reach Miracle Hands Ya gotta be kidding me. Should have opened the Miracle Hands Ministry - A hands on, but no touching back, ministry
owner Cornell Jones were not successful. Jones is a self-described former D.C. drug kingpin with convictions for narcotics distribution on his record. He's gone respectable and now does crime with tax dollars.
Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.
"I was told by a security guard to get my [stuff] and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.
Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.
The company has said it will make a statement at 9am California time, though it's not clear what that statement will be. An NBC Bay Area photographer on the scene reports security guards are not letting visitors on campus. He says "people are standing around in disbelief." The employees have been given yellow envelopes with instructions on how to get their last checks. From the Unemployment line?
Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said "it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that." And now everything that is wrong with "stimulating" the green economy as well.
The federal government offered $535 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.
Some Republicans have been very critical of the loans. "I am concerned that the DOE is providing loans and loan guarantees to firms that aren't capable of competing in the global market, even with government subsidies" Florida Congressman Cliff Stearns told the New York Times. Put in Seedy Politicians since this company only exists because of government spending and Obama pushing the green economy bullshit. Boy howdy, wonder where all the money went...
#1
The carcass will be picked over for 10 cents on the dollar and all the equipment shipped to China. Which nation is Obama supposed to be stimulating?
#3
I suspect this place only existed as a mechanism to extract cash from taxpayers and investors. I bet big chunks of assets are now sheltered someplace like Grand Cayman.
#6
When obooboo said "I'm the only one standing between you and the people with the pitchforks," he had no idea how prophetic he was being. (Smiles...)
Posted by: M. Murcek ||
08/31/2011 16:32 Comments ||
Top||
#7
The carcass will be picked over for 10 cents on the dollar and all the equipment shipped to China. Which nation is Obama supposed to be stimulating?
When the dollar is only worth a nickel, will that represent a clawback?
Posted by: M. Murcek ||
08/31/2011 16:34 Comments ||
Top||
Snippet: Accusations of political favoritism and shady deals were traded based on the fact that George Kaiser, one of the larger investors in Solyndra, through Argonaut Equity, was a bundler of campaign funds for the Obama presidential campaign.
#9
For the record, the money that went into this rat hole includes 1 1/3 BILLION in private capital in addition to the porkulus cash, an enormous burn even for a hardware company. The venture capital funds that now will have to explain to their limited partners why they were playing the crony capitalist game by putting in equity after the DOE loan include Argonaut, Artis, CMEA, Madrone, Redpoint, Rockport, USVP and Virgin Green.
The last financing listed on Venturesource for Solyndra was a credit facility for $186m and change in February by 'undisclosed' financiers.
My guess is the company breached the covenants on its debt, the creditors are now in possession, and the venture capital investors will be wiped out. Serves them right for trying to suck on the Federal teat instead of building honest businesses.
#10
I don't know how to feel; every time the Waffler-in-Chief visits someplace or puts a wager down, he loses or the place he visited goes T.U.
He is supposed to come to Seattle in September. Will that shut the libs down or kill Boeing?
#11
"Will that shut the libs down or kill Boeing?"
The Bambi Administration is already trying to kill Boeing, USN. :-(
Posted by: Barbara ||
08/31/2011 22:21 Comments ||
Top||
#12
I've driven past this trainwreck a couple of times over the last couple of years - in the middle of a recession they were working 24-hours per day to complete the facility. Construction lights blazing all through the night, construction equipment and hardhats all over.
Told my kids at the time that if there was real money to be made the government wouldn't be involved. Sorry to say that I was right.
#13
The Bambi Administration is already trying to kill Boeing, USN. :-(
I know Barbara. Perhaps I should have restated to something like ripping the heart out of Boeing. As you can imagine, the libtard press, WA state gov't and IAM locals are all making BCAC out to be the bad guy and that bambi is riding in on his white unicorn to save them all. :( "puke"
But at least I can rest easy knowing the even THE ONE can't screw up the Mariners any more than they already are......
You and I might find this exercise in teat-sucking to be Epic Fail (and it is!), but I bet the founders/company officers made a rather nice living since the company started in 2005; probably some people along the financing food chain also. Sucks to be a tax-payer or investor not in on the deal, though.
#2
We can be so lucky IF America repudiates big government Washington. A rump Federal government crippled by debt servicing and limited taxes will free America to be, well, America.
Posted by: My two cents ||
08/31/2011 7:54 Comments ||
Top||
#3
One problem with big central goverment is that is becomes little more than a proxy for the parasitic rent-seeking Unions that control its workforce.
How will parents react when they find out they will be expected to provide workers' compensation benefits, rest and meal breaks and paid vacation time for...babysitters? Dinner and a movie night may soon become much more complicated.
Assembly Bill 889 (authored by Assemblyman Tom Ammiano, D-San Francisco, will require these protections for all "domestic employees," including nannies, housekeepers and caregivers.
The bill has already passed the Assembly and is quickly moving through the Senate with blanket support from the Democrat members that control both houses of the Legislature -- and without the support of a single Republican member. Assuming the bill will easily clear its last couple of legislative hurdles, AB 889 will soon be on its way to the Governor's desk.
Under AB 889, household "employers" (aka "parents") who hire a babysitter on a Friday night will be legally obligated to pay at least minimum wage to any sitter over the age of 18 (unless it is a family member), provide a substitute caregiver every two hours to cover rest and meal breaks, in addition to workers' compensation coverage, overtime pay, and a meticulously calculated timecard/paycheck.
Sounds like no one over 17 will be baby-sitting any more...
Failure to abide by any of these provisions may result in a legal cause of action against the employer including cumulative penalties, attorneys' fees, legal costs and expenses associated with hiring expert witnesses, an unprecedented measure of legal recourse provided no other class of workers -- from agricultural laborers to garment manufacturers. (On the bright side, language requiring an hour of paid vacation time for every 30 hours worked was amended out of the bill in the Senate.)
Unfortunately, the unreasonable costs and risks contained in this bill will discourage folks from hiring housekeepers, nannies and babysitters and increase the use of institutionalized care rather than allowing children, the sick or elderly to be cared for in their homes. I can't help but wonder if that is the goal of AB 889 -- a terrible bill that needs to be stopped. Remember, there is no non-issue that the government can't regulate into a major issue!
#7
More about Ammiano and his agenda...he was co-sponsor of this little gem. He can talk about justice and compassion all he wants but what he's really trying to do is destroy the traditional, nuclear American family as we know it. And, of course, his socialist state stands ready to pick up the pieces.
[Dawn] US President Barack B.O. Obama on Monday nominated Alan Krueger, a Princeton University expert on unemployment, as his top economic adviser as he plots an "urgent" new offensive on the jobs crisis. See? He's already created [1] job?
Obama described Krueger as one of America's top economists who understood the challenges that the country faces, with a recovery that has been too tepid to make significant cuts in an unemployment rate of 9.1 per cent.
Krueger, if confirmed by the Senate, will serve as chairman of the Council of Economic Advisers and succeed long-time Obama confidante Austan Goolsbee who left the administration to return to academia in Chicago. Ah, academia. Tenured haven for failed political policy makers. I'll be a god there...
Next week, the president will lay out a new plan to create jobs and slice into the deficit, projected to hit dollar 1.6 trillion this year, in a speech certain to ignite a new political firestorm with Republicans.
"Our great economic challenge as a nation remains how to get this economy growing," Obama said as he appeared with Krueger in the White House Rose Garden and previewed his big speech.
The president promised "steps that Congress can take immediately to put more money in the pockets of working class families and middle class families and to make it easier for small businesses to hire people.
"That's our urgent mission, and that's what I'm fighting for every single day," he said.
"My hope and expectation is we can put country before party and get something done for the American people. That's what I will be fighting for."
The president is pushing for an extension to a current payroll tax cut, an infrastructure spending plan that would provide jobs for construction workers and an initiative to put returning Afghan and Iraq war veterans to work.
Posted by: Fred ||
08/31/2011 00:00 ||
Comments ||
Link ||
[11129 views]
Top|| File under:
#1
"That's our urgent mission, and that's what I'm fighting for every single day," he said.
Except when he's fighting for more regulation, more taxes, or more fairness in income distribution, that is.
Posted by: Bobby ||
08/31/2011 6:07 Comments ||
Top||
#2
"That's our urgent mission, and that's what I'm fighting for every single day," he said with a tough, manly glint in his eye.
(See that's how you make it look like that he really cares about the proles and is a leader to boot!)
#9
Gregory Mankiw, a former CEA chairman under President George W. Bush and long-time acquaintance of Krueger sez:
[A] reputation as an analytic, data-driven economist, not as a champion for many specific policy initiatives... highly-qualified for the post... doesnt expect Krueger to push the administration in new directions... more of a continuity appointment... "dont think the president wanted a change. Hes keeping the basic structure of the team in place.
#13
IIRC LUCIANNE > STUDY: 80% OF US LAWMAKERS [espec Congresscritters] HAVE LITTLE OR NO BACKGROUND/DEGREES IN BUSINESS, ECONOMICS.
ARTIC = Again, IIRC circa 22% majored at College or University in [mostly Lefty?] Liberal Arts, ditto another 55% in the [Maha-Rushian]Histoire' + Quantitative Methods, etc. of GOVT-PUBLIC ADMINISTRATION, THEORY.
AKA HOW TO BE A GOOD STATIC GOVT-PUBLIC BUREAUCRAT = PAPER-STAMPER/PUSHER???
["GOOD MORNING VIETNAM" Movie = UNIFORMED MOUSTACHED US ARMY RADIO STATION BUREAUCRAT TWINS IN OPPOSITE DESKS here].
Or twas it "OCTO MOM'S" OCTOPULETS - I fergit???
D *** NG IT, ROBIN WILLIAMS' MOVIE CHARACTER WAS IN THE US AIR FORCE - THE VETERAN US ARMY COMMAND SERGEANT MAJOR [SpecForces]COULD TELL BY HIS [messy unpressed unshined off-balanced] HEAD COVER + INSIGNIA???
What happens when your entire political philosophy is so discredited that you can't even make a coherent argument for it any longer? If you're Rep. Andre Carson (D-IN), it's simple -- you just call your opponents who are winning the debate "racists" and accuse them of being comfortable with lynching:
A top lawmaker in the Congressional Black Caucus says tea partiers on Capitol Hill would like to see African Americans hanging from trees and accuses the movement of wishing for a return to the Jim Crow era.
Rep. Andre Carson, a Democrat from Indiana who serves as the CBC's chief vote counter, said at a CBC event in Miami that some in Congress would "love to see us as second-class citizens" and "some of them in Congress right now of this tea party movement would love to see you and me...hanging on a tree."
It's not the first time the "Jim Crow" accusation has flown this year. Earlier it was the chair of the DNC, Rep. Debbie Wasserman-Schultz, who tossed out that smear, only to shamefacedly retract it when it made national news. Why? Because it was reprehensible demagoguery of the worst kind, a fact that was obvious to everyone -- or at least obvious to everyone outside the CBC.
Via the Right Scoop, Allen West is now reconsidering his CBC membership:
And for good reason. The civil-rights movement was not a political effort aimed primarily at deficit spending and massive government growth. It was a movement intended to eliminate real and official racial discrimination. Carson's words are not just evil, they are entirely ignorant and as damaging to the cause of equality as they are to rational political debate. Not only should Carson be reprimanded for his words, he should really be shunned, and hopefully replaced in the next election by voters in his district. Like most movements from the 50s and 60s, their mission was met and now they are floundering around to remain relevant. Their only goal now is to justify their existence.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.