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    Ineligible Borrowers Got Hundreds of Millions in Stimulus Home Loans

    The Agriculture Department’s Rural Housing Service likely loaned hundreds of millions of dollars to ineligible borrowers as part of President Obama’s stimulus package, a report by federal watchdogs has revealed. The stimulus earmarked more than $1 billion for RHS home loans in rural communities. According to the Ag Department’s Inspector … More

    Another Stimulus Backed 'Green Energy' Company Goes Bankrupt

    Another stimulus-backed green energy company has filed for bankruptcy, further fueling criticism of Energy Department programs that backed highly-risky investments on the taxpayer dime. Like Solyndra and a number of other green energy investments made under this administration, Abound Solar had a very poor credit rating, but enjoyed a wealth … More

    Report: HUD Insured Stimulus Loans to Tax Delinquents

    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 … More

    Yes, Alan Blinder, "Stimulus" is a Dirty Word

    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 … More

    USDA Backed $7.5 Million Stimulus Loan for Convicted Financial Felon

    The U.S. Department of Agriculture guaranteed a $7.45 million loan to a company owned by a convicted financial felon as part of the president’s stimulus package. The loan guarantee, one of 515 given out by the USDA as part of the stimulus to fund rural development projects, helped David Myers … More

    Movie Mocks Lawmakers Who Don't Read Legislation Before Voting

    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 … More

    Obama Slams Private Equity, But His Own 'Investors' Do Quite Well

    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 … More

    Morning Bell: Weak Economy Disappoints Again

    Every day, America waits for a brighter future to arrive — the promise of change that President Barack Obama made in 2009 when he set a benchmark for his success on the economy, remarking, “If I don’t have this done in three years, then there’s going to be a one-term proposition.” More … More

    After Massive Losses, Stimulus-Backed Company Asks for More Taxpayer Cash

    A financially troubled green energy company has seen its stock prices plummet to below a dollar per share (UPDATE: see below) since receiving a nearly $250 million federal grant in 2009. The company lost $257.7 million last year. Two of its clients make up half of its business, and one is … More

    Taxpayer-Backed Green Energy Firms Struggle, But Hike Executive Pay

    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 … More