Category: Monetary Policy


Ferguson Bakery Vandalized During Unrest Receives $200,000 In Donations

 

 

Natalie's Cakes

 

 

” We have some uplifting news out of Ferguson this morning. Help is on the way for the owner of Natalie’s Cakes and More! On Monday night, those who participated in rioting damaged the shop and the equipment inside.

  Natalie DuBose has invested everything into her business. The windows and other materials that were needed for upcoming Thanksgiving orders were destroyed. However, Natalie says she can’t go anywhere and plans to remain in Ferguson.

  Natalie’s Cakes and More opened its doors in June of this year and Natalie’s dream of owning her own business was fulfilled.

 

  Since her appearance on FOX 2 News on Tuesday, November 25th, two Go Fund Me accounts have been created. In less than 24 hours, over $100,000 was donated to Ms. DuBose to help with repairs.

  Actress Patricia Heaton also donated and urged others to do the same. Natalie sent a special ‘Thank you’ tweet to her supporters after learning about the news.

  If you would like to make a donation please visit: Gofundme.com/Natalie’s Cakes and More Fund or Gofundme.com/Natalie DuBose Riot Recovery.

Previous story: Natalie’s Cakes & More plans to remain in Ferguson

Thanks to Fox2Now

 

 

 

 

 

 

 

 

 

 

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Obamacare Offers Firms $3,000 Incentive To Hire Illegals Over

Native-Born Workers

 

 

 

 

 

 

” Under the president’s new amnesty, businesses will have a $3,000-per-employee incentive to hire illegal immigrants over native-born workers because of a quirk of Obamacare.

  President Obama’s temporary amnesty, which lasts three years, declares up to 5 million illegal immigrants to be lawfully in the country and eligible for work permits, but it still deems them ineligible for public benefits such as buying insurance on Obamacare’s health exchanges.

  Under the Affordable Care Act, that means businesses who hire them won’t have to pay a penalty for not providing them health coverage — making them $3,000 more attractive than a similar native-born worker, whom the business by law would have to cover.

  The loophole was confirmed by congressional aides and drew condemnation from those who said it put illegal immigrants ahead of Americans in the job market.

“ If it is true that the president’s actions give employers a $3,000 incentive to hire those who came here illegally, he has added insult to injury,” said Rep. Lamar Smith, Texas Republican. “The president’s actions would have just moved those who came here illegally to the front of the line, ahead of unemployed and underemployed Americans.”

  A Department of Homeland Security official confirmed that the newly legalized immigrants won’t have access to Obamacare, which opens up the loophole for employers looking to avoid the penalty. “

 

Washington Times

 

 

 

 

 

 

 

 

 

Getting Fired Is Mission: Impossible For Federal Bureaucrats In The Obama Era

 

 

 

 

” Federal managers have fired fewer bad employees each year since President Obama took office.

  Fewer than 4,900 career civil servants were fired in fiscal year 2013 out of 1.4 million — about one out of every every 300 employees — according to Office of Personnel Management data.

  The figures were 5,700 in 2010, 5,500 in 2011, and 5,200 in 2012. Only partial data was available for fiscal 2014, but it was on track for 4,800, the lowest in recent memory.

  There are also about 7,700 senior executives in the federal government, who are held to a higher standard than those in the General Schedule rank and file.

  But only five in the Senior Executive Service were fired in 2012, seven in 2013 and none in the first half of 2014.

  Both of Congress’ new top bureaucracy watchers — Rep. Jason Chaffetz, R-Utah, and Sen. Ron Johnson, R-Wis. — have identified the inability to get rid of bad federal employees as a top reform target.”

 

Read more

 

 

 

 

 

 

 

 

 

Poll: Latino Voters Want More, More, More

 

 

 

 

 

 

” A new poll of Latino voters finds that most want President Obama to issue more executive orders to cover all illegal immigrants and protect them from deportation if Congress doesn’t agree to comprehensive immigration reform.

  The Latino Decisions survey found that 73 percent of the 405 registered voters polled want “additional executive orders” to protect immigrant workers not impacted by Obama’s decision last week targeted at four to five million parents facing deportation.

“ We would prefer much more,” said Oscar Chacon, executive director of the National Alliance of Latin American and Caribbean Communities.

  He added that 2016 presidential candidates should be welcoming to immigrants or face a voter backlash. “We will make sure that it is a central issue in the coming election,” he said.

  The poll, conducted on behalf of Presente.org and Mi Familia Vota, also found that 64 percent of the Latino voters know “somebody who is an undocumented immigrant.” Some 42 percent said that they were both a friend and a family member.

  Obama’s move won overwhelming support from those polled, with 89 percent supporting it strongly or somewhat strongly.

“ This 89 percent is the highest and most unified we have ever found,” said Matt Barreto, co-founder of Latino Decisions.

  Republicans took a big hit in the poll, with most, 64 percent, blaming Republicans for inaction on immigration reform. “

 

 

    Given the oft-stated fact that we all came from immigrants at one time or another , which is true , we still cannot recall any of our immigrant fore-bearers either expecting or receiving the kind of special treatment now deemed to be deserved by the latest influx of foreigners . Since when is everyone “entitled” to citizenship ?

More on the Latino Bloc’s ever-growing demands at the Washington Examiner

 

 

 

 

 

 

 

 

 

 

The Fiscal Cost Of Unlawful Immigrants And Amnesty To The U.S. Taxpayer

 

 

Immigration Costs 2013 - Table 4

 

” Unlawful immigration and amnesty for current unlawful immigrants can pose large fiscal costs for U.S. taxpayers. Government provides four types of benefits and services that are relevant to this issue:

  • Direct benefits. These include Social Security, Medicare, unemployment insurance, and workers’ compensation.
  • Means-tested welfare benefits. There are over 80 of these programs which, at a cost of nearly $900 billion per year, provide cash, food, housing, medical, and other services to roughly 100 million low-income Americans. Major programs include Medicaid, food stamps, the refundable Earned Income Tax Credit, public housing, Supplemental Security Income, and Temporary Assistance for Needy Families.
  • Public education. At a cost of $12,300 per pupil per year, these services are largely free or heavily subsidized for low-income parents.
  • Population-based services. Police, fire, highways, parks, and similar services, as the National Academy of Sciences determined in its study of the fiscal costs of immigration, generally have to expand as new immigrants enter a community; someone has to bear the cost of that expansion.

  The cost of these governmental services is far larger than many people imagine. For example, in 2010, the average U.S. household received $31,584 in government benefits and services in these four categories.

  The governmental system is highly redistributive. Well-educated households tend to be net tax contributors: The taxes they pay exceed the direct and means-tested benefits, education, and population-based services they receive. For example, in 2010, in the whole U.S. population, households with college-educated heads, on average, received $24,839 in government benefits while paying $54,089 in taxes. The average college-educated household thus generated a fiscal surplus of $29,250 that government used to finance benefits for other households.

  Other households are net tax consumers: The benefits they receive exceed the taxes they pay. These households generate a “fiscal deficit” that must be financed by taxes from other households or by government borrowing. For example, in 2010, in the U.S. population as a whole, households headed by persons without a high school degree, on average, received $46,582 in government benefits while paying only $11,469 in taxes. This generated an average fiscal deficit (benefits received minus taxes paid) of $35,113.

  The high deficits of poorly educated households are important in the amnesty debate because the typical unlawful immigrant has only a 10th-grade education. Half of unlawful immigrant households are headed by an individual with less than a high school degree, and another 25 percent of household heads have only a high school degree.

  Some argue that the deficit figures for poorly educated households in the general population are not relevant for immigrants. Many believe, for example, that lawful immigrants use little welfare. In reality, lawful immigrant households receive significantly more welfare, on average, than U.S.-born households. Overall, the fiscal deficits or surpluses for lawful immigrant households are the same as or higher than those for U.S.-born households with the same education level. Poorly educated households, whether immigrant or U.S.-born, receive far more in government benefits than they pay in taxes. “

 

Read the entire study at Heritage

 

 

 

 

 

 

 

 

 

 

Renewable Energy ‘Simply Won’t Work': Top Google Engineers

 

 

 

” Two highly qualified Google engineers who have spent years studying and trying to improve renewable energy technology have stated quite bluntly that renewables will never permit the human race to cut CO2 emissions to the levels demanded by climate activists. Whatever the future holds, it is not a renewables-powered civilization: such a thing is impossible.

  Both men are Stanford PhDs, Ross Koningstein having trained in aerospace engineering and David Fork in applied physics. These aren’t guys who fiddle about with websites or data analytics or “technology” of that sort: they are real engineers who understand difficult maths and physics, and top-bracket even among that distinguished company. The duo were employed at Google on the RE<C project, which sought to enhance renewable technology to the point where it could produce energy more cheaply than coal. 

  RE<C was a failure, and Google closed it down after four years. Now, Koningstein and Fork have explained the conclusions they came to after a lengthy period of applying their considerable technological expertise to renewables, in an article posted at IEEE Spectrum.

  The two men write:

  At the start of RE<C, we had shared the attitude of many stalwart environmentalists: We felt that with steady improvements to today’s renewable energy technologies, our society could stave off catastrophic climate change. We now know that to be a false hope …

  Renewable energy technologies simply won’t work; we need a fundamentally different approach. “

 

Read more

 

 

 

 

 

 

 

 

 

Bunny Mellon’s Blue Diamond Sells For More Than $32.6 Million, Sets Two World Auction Records

 

 

 

 

 

 

” A 9.75-carat fancy vivid blue diamond from the collection of Mrs. Paul Mellon sold for more than $32.6 million, shattering its high estimate of $15 million at Sotheby’s New York Thursday. The price set a world auction record for any blue diamond; and at more than $3.3 million per carat, it set a world auction record for price-per-carat for any diamond.

  The pear-shaped diamond was sought after by seven bidders who competed for 20 minutes for the gem, Sotheby’s said. It ultimately sold to a Hong Kong private collector who named it “The Zoe Diamond.”

“ From the moment I saw this diamond, I knew that it would be one of the most important stones that I will ever have the privilege of presenting at auction,” said Gary Schuler, head of Sotheby’s Jewelry Department in New York. “Mrs Mellon’s diamond absolutely deserves the place in the record books that it achieved tonight.” “

 

Forbes

 

 

 

 

 

 

 

 

 

Here Is Where Homes Are Most Affordable For The Middle Class

 

middle class homes

 

 

 

 

” If you’re struggling to buy a home in San Francisco or New York, you may want to consider Dayton or Rochester.

  Those are two of the U.S. cities where middle-class buyers are most likely to find an affordable home, according to a new report by the real-estate website Trulia.

  In Trulia’s map below, the bubbles represent the size of a metropolitan area’s housing market. The colors represent the percentage of housing in that market that Trulia considers affordable to the middle class.

  By Trulia’s definition, a city is affordable if “the total monthly payment, including mortgage, insurance, and property taxes, is less than 31% of the metro area’s median household income.” Thus, what’s affordable varies from city to city. “

 

 

The least affordable areas come as no surprise …

 

 

least affordable markets

 

 

Huffington Post

 

 

 

 

 

 

 

 

 

$4.15 Per Pound: Ground Beef Climbs To Another Record High

 

 

beef

 

 

 

” The average price for a pound of ground beef climbed to another record high$4.156 per pound — in the United States in October, according to data released today by the Bureau of Labor Statistics (BLS).

  In August, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, said the BLS.  In September, the average price jumped .083 cents to $4.096 per pound, an increase of 2.1 percent in one month.

  In October, which is the latest data from the BLS, the average price for a pound of ground beef ($4.156) increased 1.4 percent from September.

  A year ago, in October 2013, the average price for a pound of ground beef was $3.389 per pound. Since then, it has climbed 76.5 cents, or about 22.6 percent in one year.

  Five years ago, in October 2009, the average price for a pound of ground beef was $2.177, according to the BLS. The price has since climbed by $1.977 per pound, or 90.8 percent. “

 

CNS News

 

 

 

 

 

 

 

 

 

The Federal Emergency Management Agency: Floods, Failures, And Federalism

 

 

” The Federal Emergency Management Agency (FEMA) is the lead federal agency for disaster preparedness, response, and relief. FEMA’s budget fluctuates from year to year, but spending has trended sharply upwards in recent decades. The agency spent $22 billion in fiscal 2013 and $10 billion in fiscal 2014. The main activity of FEMA is distributing aid to individuals and state and local governments after natural disasters, such as hurricanes, floods, and earthquakes. In addition, the agency provides ongoing grants to the states for disaster preparedness, and it operates the National Flood Insurance Program (NFIP).

  FEMA’s response to some major disasters has been slow, disorganized, and profligate. The agency’s actions have sometimes been harmful, such as when it has blocked the relief efforts of other organizations. FEMA’s dismal response to Hurricane Katrina in 2005 dramatized the agency’s bureaucratic dysfunction. FEMA’s grants for disaster preparedness are known for wastefulness. As for the NFIP, its insurance subsidies are spurring development in flood-prone areas, which in turn is increasing the damage caused by floods. The NFIP also encourages an expansion of federal regulatory control over local land-use planning.

  Federalism is supposed to undergird America’s system of handling disasters, particularly natural disasters. State, local, and private organizations should play the dominant role. Looking at American history, many disasters have generated large outpourings of aid by individuals, businesses, and charitable groups.

  Today, however, growing federal intervention is undermining the role of private institutions and the states in handling disasters. Policymakers should reverse course and begin cutting FEMA. Ultimately, the agency should be closed down by ending aid programs for disaster preparedness and relief and privatizing flood insurance. “

 

Tennessee DA Restricts Use Of Civil Forfeiture Laws

 

 

Tennessee Asset Forfeiture Reform

 

 

 

” An agency at the center of NewsChannel 5’s “Policing for Profit” investigation has severely restricted the use of civil forfeiture laws that had been used to seize cash from drivers passing through Tennessee.

  Instead, the new boss of the 23rd Judicial District Drug Task Force said he wants officers to re-emphasize their primary mission of looking for drugs.

  For more than three years, NewsChannel 5 Investigates has shined the light on laws that let police take cash from drivers without charging them with a crime.

  Critics called it “highway robbery.”

I don’t want the public to believe that we are out there trying to just take money from innocent people,” said District Attorney General Ray Crouch. “That is not what we are going to do. I am not going to be part of that.

  It marks the first time that a Tennessee district attorney has publicly rejected the broad use of the civil forfeiture laws that have drawn national attention. For the past several years, the Tennessee District Attorneys General Conference has lobbied lawmakers to preserve that source of money.

” I want the public to know that they do not have to be in fear of the 23rd Judicial Drug Task Force seizing their personal property, their cash, their assets,” Crouch toldNewsChannel 5 Investigates. “

 

More at JRN.com

 

 

 

 

 

 

 

 

 

All The Best Black Friday Tech Deals

 

 

 

 

” Get your shopping list in order–the Black Friday deals are popping up already. We’ve scoured them for the most interesting bargains, and we’ll be updating more great deals as we see them.

  Call it 50-inches of entertainment nirvana for less. Best Buy has announced its Black Friday deals, and one of them is a massive Panasonic 50-inch HDTV for only $199. It’s an LED model so it won’t suck up as much power. Other deals include a DigiLand 7-inch tablet that runs Android but won’t deplete your pocketbook—it’s only $40. We also should point out that the iPad Air 2, which almost never gets price cuts, is also on sale. Best Buy is taking $100 off any model. “

   There is much more on tech deals at Popular Mechanics … 

   Meanwhile over at The Verge you can find lots more impending Black Friday deals from Apple , Amazon ,Walmart and more …

” Black Friday is the best time of the year to get great deals on all kinds of electronics, games, and gadgets. We’ve culled through the best deals around to bring you everything that matters and nothing that doesn’t. This stream will be updated all season, so be sure to check back often.”

New CBO Study Shows That ‘The Rich’ Don’t Just Pay Their ‘Fair Share,’ They Pay Almost Everybody’s Share

 

 

cbo1

 

 

 

” The Congressional Budget Office (CBO) just released its annual report on “The Distribution of Household Income and Federal Taxes” analyzing data through 2011 on American household’s: a) average “market income” (a comprehensive measure that includes labor income, business income, and income from capital gains), b) average household transfer payments (payments and benefits from federal, state and local governments including Social Security, Medicare and unemployment insurance), and c) average federal taxes paid by households (including income, payroll, corporate, and excise taxes). Some of the key findings of the CBO analysis are displayed in the table above, with the data organized by household income quintiles. The data in the first five rows above appear in the CBO report (from Tables 1 and 4), and rows 6-8 above have been calculated separately based on data from the first four rows in the table.

  The CBO report received attention and commentary this week from John Merline at Investor’s Business Daily (“New CBO Report Explodes Tax Fairness Myths”), Reason’s Nick Gillespie (“3 Charts About Income Inequality, Transfers, and Taxes”), AEI’s Jim Pethokoukis (“Here is what’s really happening to middle-class incomes and inequality”), Heritage Foundation’s Curtis Dubay (“The Richest 1 Percent of Americans Pay 24 Percent of Federal Taxes”) and former economist Paul Krugman (“Why the One Percent Hates Obama”).

  Some additional analysis and commentary will be provided here that reveal a yet-to-be discussed major implication of the CBO report – almost the entire burden: a) of all transfer payments made to American households and b) of all non-financed government spending, falls on just one group of Americans – the top one-fifth of US households by income. That’s correct, the CBO study shows that the bottom three income quintiles representing 60% of US households are “net recipients” (they receive more in transfer payments than they pay in federal taxes), the second-highest income quintile pays just slightly more in federal taxes ($14,800) than it receives in government transfer payments ($14,100), while the top 20% of American “net payer” households finance 100% of the transfer payments to the bottom 60%, as well as almost 100% of the tax revenue collected to run the federal government. Here are the details of that analysis.”

 

Read it all

 

 

 

 

 

 

 

 

 

 

 

Detroit Database Held For Ransom

 

Bitcoin.png

 

 

” Mayor Mike Duggan detailed Monday how Detroit has been victimized by cyber crimes, including how a city database was frozen in April and held for ransom.

  Duggan said the city database was held hostage for a ransom of 2,000 bitcoins, an encrypted digital currency. A bitcoin is currently worth $401.75, making that ransom worth $803,500. Duggan said the ransom was not paid and the database wasn’t used or needed by the city.

“ It was a good warning sign for us,” he said at Michigan’s third summit focusing on cyber security issues in government, business and other sectors at the North American International Cyber Summit at Cobo Center. “

 

Detroit News

 

 

 

 

 

 

 

 

 

Colt Warns Of Possible Default, Likely To Miss $10.9 Million Payment

 

 

 

” With diminishing sales and unlikeliness of paying bondholders, Colt Defense, LLC warns of a bleak financial future.

  The privately held company announced yesterday in a filing with the Securities and Exchange Commission possible default as it’s likely to miss a $10.9 million payment to bondholders on Nov. 17. If skipped, Colt has a 30-day grace period, but if it does not pay by Dec. 15 the company will be in default.

  If a company defaults without first declaring bankruptcy, creditors will likely force it into bankruptcy and liquidate the assets or the company will operate under the shield of a bank, limiting major operational decisions.

  Colt blames its financial woes on a continued decline in demand for rifles and handguns in the commercial market, and delays in government sales. The company reported in June a $20.5 million loss so far in 2014, down from a $9.5 million profit for the same time in 2013.

  Like the iconic West Hartford, Connecticut, company, other gun makers have also seen a decline in demand. Smith & Wesson reported a net income of $14.6 million, down from $26.5 million for the quarter last year. Profits for the industry giant, Sturm, Ruger and Company, plunged 76.3 percent, from $28.6 million this time last year to $6.8 million for the past three months. “

Thanks to Guns.com

Gruber Uber Alles

 

 

 

” The Blaze’s Benjamin Weingarten interviewed Mark about his new book The [Un]documented Mark Steyn. Along the way they also discussed Obamacare architect Jonathan Gruber, whose smug, confident contempt for the people Steyn suggests is the acme of liberal technocrat condescension. Lots of other subjects, big and small, are covered in this conversation. We think you’ll enjoy it. Just click below to listen: “

Give a listen

House Committee Demands Answers On Truthy Project

 

 

 

 

 

 

” The House Science, Space, and Technology Committee sent a letter to the head of the National Science Foundation (NSF) on Monday, demanding answers about the origins of the nearly $1 million taxpayer-funded project to track “misinformation” on Twitter.

  The Truthy project, being conducted by researchers at Indiana University, is under investigation for targeting political commentary on Twitter. The project monitors “suspicious memes,” “false and misleading ideas,” and “hate speech,” with a goal of one day being able to automatically detect false rumors on the social media platform.

  The web service has been used to track tweets using hashtags such as #tcot (Top Conservatives on Twitter), and was successful in getting accounts associated with conservatives suspended, according to a 2012 book co-authored by the project’s lead researcher, Filippo Menczer, a professor of Informatics and Computer Science at Indiana University.

  Menczer has also said that Truthy monitored tweets using #p2 (Progressive 2.0), but did not discuss any examples of getting liberal accounts suspended in his book.

“ The Committee and taxpayers deserve to know how NSF decided to award a large grant for a project that proposed to develop standards for online political speech and to apply those standards through development of a website that targeted conservative political comments,” wrote Chairman Lamar Smith (R., Texas) in a letter to NSF Director France Cordova. 

“ While some have argued that Truthy could be used to better understand things like disaster communication or to assist law enforcement, instead it appears Truthy focused on examples of ‘false and misleading ideas, hate speech, and subversive propaganda’ communicated by conservative groups,” he said.”

 

    Latecomers can find out more on the “Truthy Project” here and read more about the Congressional investigation here .

 

 

 

 

 

 

 

 

 

Lawmakers Aim To Fire More Federal Employees In 2015

 

 

 

” Some lawmakers are looking to the new Congress to pass legislation to ease the firing of federal employees, with hopes the Republican-controlled Senate will be friendlier to the idea.

  Rep. Tim Walberg, R-Mich., in July introduced a bill to mitigate the hurdles in firing and suspending senior executives at federal agencies. The Senior Executive Service Accountability Act cleared the House in September. Despite receiving no resistance in the lower chamber, the Senate has yet to take up the bill.

  A spokeswoman for Walberg told Government Executive it is unlikely the Senate will move on the bill before the new session begins in January. Walberg plans to start from scratch next year, however, and expects future Majority Leader Mitch McConnell, R-Ky., to bring it up for a vote after the House once again passes the measure.

  The bill, as currently written, would allow agencies to suspend SES employees for 14 days or less without pay, require the executives to pay back any paid leave used during investigations if they result in a guilty verdict, increase the SES probationary period to two years and expand the definition of fireable offenses.”

 

GovExec

 

 

 

 

 

 

 

 

 

How Did Healey Get 22% In R.I. Governor’s Race With Just $36?

 

 

 

 

” In 2010, Frank T. Caprio ran as the endorsed Democratic candidate for governor. He outspent his opponents, pouring $2.6 million into the race. And he finished third with 23 percent of the vote, taking three cities and towns: Johnston, North Providence and Central Falls.

  On Tuesday, Robert J. Healey Jr. ran as the Moderate Party’s last-minute substitute candidate. He spent $36.29 (including two stamps), while his opponents spent millions. And he finished third with 22 percent of the vote, taking two towns: Warren and Bristol.

  So what in the name of the Cool Moose is going on here? I mean, Healey ran for governor three times before this year, but the best he ever did was 9 percent in 1994. So what catapulted him into the Caprio-sphere this year? “

 

Providence Journal

 

 

 

 

 

 

 

 

 

 

The US Government Doesn’t Want You To Know There’s A Run On Silver Bullion

 

 

Gold Coin Demand US Mint

 

 

 

” It looks like the entire world is spitting out gold and silver as an investment or hedge, as the prices of both precious metals were tumbling in the past few weeks. Well, at least the demand for gold and silver ‘paper’ isn’t anymore what it used to be, but the demand for physical silver is really booming.

  Reports have reached us from Germany that the demand for silver is really surging, and this is an interesting sentiment meter because Germany usually acts as one of the main distribution centers for the European Union. Several large bullion dealers have seen the demand for silver increase, and in just the next few days after last week’s crash, almost all dealers sold as many silver coins in just three days as they usually do in an entire month.

  Now you can try to dismiss this easily by saying that the Germans and the rest of the European Union are simply preparing for an upcoming implosion of the Eurozone, but that couldn’t be further from the truth. The US Mint recently had to announce that there were no more silver Eagles in inventory, and that it would have to suspend deliveries for new orders. This announcement hasn’t been made public (why not, US Mint? Are you trying to keep the people dumb?) but was only sent to larger bullion dealers in the USA. “

 

Zero Hedge has more

 

 

 

 

 

 

 

 

 

World’s Largest Solar Plant Applying For Federal Grant To Pay Off Federal Loan

 

 

” After already receiving a controversial $1.6 billion construction loan from U.S. taxpayers, the wealthy investors of a California solar power plant now want a $539 million federal grant to pay off their federal loan.

” This is an attempt by very large cash generating companies that have billions on their balance sheet to get a federal bailout, i.e. a bailout from us – the taxpayer for their pet project,” said Reason Foundation VP of Research Julian Morris. “It’s actually rather obscene.” “

 

 

Ivanpah Bailout

 

 

 

” The Ivanpah solar electric generating plant is owned by Google and renewable energy giant NRG, which are responsible for paying off their federal loan. If approved by the U.S. Treasury, the two corporations will not use their own money, but taxpayer cash to pay off 30 percent of the cost of their plant, but taxpayers will receive none of the millions in revenues the plant will generate over the next 30 years.

” They’re already paying less than the market rate,” said Morris, author of a lengthy report detailing alleged cronyism and corruption in the Obama administration’s green energy programs. “Now demanding or asking for a subsidy in the form of a grant directly paying off the loan is an egregious abuse.” “

 

Cronyism at its worst . If anyone can afford to pay the taxpayers back for their forced largesse it is certainly Google .

Fox News

 

 

 

 

 

 

 

 

 

Dem Mega-Donor Commutes To Work On Gas-Guzzling Yacht

 

   More “Green” hypocrisy rears it’s head with this example of “do as I say , not as I do” … ride the bus peons , while I commute on this :

 

 

Simons' boat 'Elan' / Lachlan Markay

 

 

 

” Here’s the trip mapped out by Marine Traffic: “

 

simons-commute

 

 

 

” A major Democratic donor and the head of a foundation that finances some of the nation’s leading environmentalist groups commutes to and from work on a gas-guzzling luxury yacht, the Washington Free Beacon has learned.

  At around 8 a.m. every morning, Nathaniel Simons leaves Berkeley, Calif., where he lives, aboard the Elan. The 1,550-horsepower, 54-foot yacht drops him off at the Port of San Francisco, a block from the offices of the Meritage Group, the hedge fund management company he leads.

  About seven hours later, the Elan returns to San Francisco, picks up Simons, and brings him back across the Bay, weaving between Alcatraz and Treasure Island before docking in the Berkeley Marina.”

 

 

 

   According to Marine Traffic records , the trip takes Simon about 18 minutes from dock to dock , while Bing maps shows the drive to be approximately 11 miles , also with an 18 minute travel time .

   The average fuel economy for a Cadillac limousine is between 12 – 14 MPG , which I think is very optimistic but for our calculations we’ll use the 12 mpg figure to simplify the math . That means the average commute to work for Mr Simon would burn one gallon of gas each way for a daily total fuel consumption , assuming two round trips per day , of four gallons .

   The yacht on the other hand , even at a modest cruise of 5 knots which is supported by the Marine Traffic data , Simon’s boat is probably consuming between 10 and 15 gallons per hour . For the uninitiated yachts don’t get miles per gallon , they are rated at gallons per hour to hide the sticker shock .

   But seriously , assuming the yacht makes two 18-20 minute round trips per day , that means that it is under way for approximately 80 minutes , burning let’s call it 12 gallons per hour . That gives us a daily fuel burn of 16 gallons or $80 which is four times the cost , in both dollars and CO2 output as the limousine ride .

   Bear in mind now that both trips take about equal time so this is more about ego than anything else . And hypocrisy .

 

 

 

” While he’s not managing billions in hedge fund assets or commuting over the Bay, Simons is bankrolling Democratic candidates, party organs, outside spending groups, and environmental nonprofits.

  Simons has given more than $300,000 to political campaigns and interest groups during the 2014 election cycle. With the exception of a pair of $2,600 contributions to Sens. Susan Collins (R., Maine) and Lindsay Graham (R., S.C.), every penny went to Democrats.

  His 2014 political giving far exceeds aggregate limits on campaign contributions overturned by the Supreme Court this year in a decision heavily criticized by Democrats.

  Simons’ largest financial contributions to the political left have come not through campaign contributions but by way of the tens of millions of dollars that his foundation funnels from overseas financial institutions to major left-wing groups in the United States.

  He and his wife Laura run the Sea Change Foundation, which used its $134 million in assets last year to bankroll groups including the Center for American Progress, the Sierra Club, the Natural Resource Defense Council, the League of Conservation Voters, and the Energy Foundation.”

 

 

Free Beacon details the hypocrisy here 

 

 

 

 

 

 

 

 

 

 

 

 

3 Reasons President Obama Is Wrong About Stay-At-Home Mothers

 

 

 

 

 

 

” Charlie Spiering reports on a speech President Obama made in Rhode Island today. You know things are rough for President Obama this election season when he is relegated to a state so small CNN thinks it’s a city.

  Anyway, he was painting a picture of how he’d like to expand the administrative state to include government pre-school. Because public schools are doing such a good job generally. Anyway, he then took an absolutely bizarre swipe against stay-at-home mothers:

“ Sometimes, someone, usually Mom, leaves the workplace to stay home with the kids, which then leaves her earning a lower wage for the rest of her life as a result,” he said. “That’s not a choice we want Americans to make.”

  Here are three problems with his argument. “

 

 

 

 

 

 

 

 

 

Federal Government Made $20 Billion In Secret Purchases In Recent Months

 

Federal Starbucks Secret purchases

 

 

” The federal government has spent at least $20 billion in taxpayer money this year on items and services that it is permitted to keep secret from the public, according to an investigation by the News4 I-Team.

  The purchases, known among federal employees as “micropurchases,” are made by some of the thousands of agency employees who are issued taxpayer-funded purchase cards. The purchases, in most cases, remain confidential and are not publicly disclosed by the agencies. A sampling of those purchases, obtained by the I-Team via the Freedom of Information Act, reveals at least one agency used those cards to buy $30,000 in Starbucks Coffee drinks and products in one year without having to disclose or detail the purchases to the public.

  A series of other recent purchases, reviewed by internal government auditors, include wasteful and inappropriate purchases by government employees — including a gym membership and JC Penney clothing — that were not detected or stopped until after the purchase was completed.”

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