President Obama’s stimulus package subsidized home loans for individuals who already owed the federal government millions in back taxes, according to a new report by federal watchdogs. The report, released Wednesday by the Government Accountability Office, found that the Federal Housing Administration, a division of the Department of Housing and …
Whenever misguided economic policy advice crops up, it’s imperative to correct it. The latest comes from Princeton economist Alan Blinder. He advocates for more stimulus, especially more education spending, and pleads for higher tax rates on the “rich.” These policies are mistaken. He begins by contending that, because interest rates …
House Speaker John Boehner famously dropped a copy of President Obama’s stimulus bill on the House floor during the debate over its passage, calling it a 1,100-page bill “that not one member of this body has read.” But the stimulus is only one example highlighted in Jerrol LeBaron’s documentary “Fools …
President Obama and his surrogates have repeatedly insisted that federal backing for green energy companies like Solyndra is somehow superior to private equity investing, since federal bureaucrats are concerned with more than enriching investors. But “investors” in an Obama presidency – i.e. his top supporters – have reaped the benefits …
When insurance giant AIG paid lucrative bonuses to top executives after receiving federal support, President Obama asked, “How do they justify this outrage to the taxpayers who are keeping the company afloat?” But three years later, numerous green energy companies backed financially by the administration are paying out large salaries …
The Energy Department has yet to comply with a congressional request for information on a stimulus-backed company under investigation for insider trading and facing serious financial difficulties. Rep. Andy Harris (R-MD), who chairs the House Energy and Environment Subcommittee on Science, Space, and Technology, asked Energy Secretary Steven Chu for …
A little over three years ago, President Barack Obama’s advisers released a chart that purported to predict the future. With the President’s almighty stimulus, they said, unemployment in America would plummet. And the President promised that unemployment would never rise above 8 percent. Well, they were wrong. In the chart …
