by Hans Bader
November 17, 2009 @ 1:18 pm
President Obama’s $800 billion stimulus package creates imaginary jobs, while destroying ones in the real world.
Billions from the stimulus are being spent on creating tens of thousands of imaginary jobs in 440 phantom Congressional districts, according to the government’s own web site:
Just how big is the stimulus package? Well for one, it has doubled the size of the House of Representatives, according to recovery.gov, which says that funds were distributed to 440 congressional districts that do not exist. . . . The web site…
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by Hans Bader
October 05, 2009 @ 11:39 am
Unemployment has risen to 9.8 percent, a 26-year high.
That’s much higher than the Obama administration predicted unemployment would rise, if Congress had refused to pass his $800 billion stimulus package. The administration claimed unemployment would rise to 8 percent without a stimulus.
Small businesses are finding it more difficult than ever to borrow badly needed money to meet their payrolls. New financial regulations backed by the administration are contributing to a terrible credit crunch. Meanwhile, the wealthy Wall Street investment bank Goldman Sachs, perhaps the…
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by Ivan Osorio
June 26, 2009 @ 11:08 am
The alliance between organized labor and leftist environmentalists remains as strong as ever. As Carter Wood at Shopfloor.org notes, the Waxman-Markey climate change bill is a great example of this alliance.
From page 78 of the manager’s amendment, concerning state revolving loan funds for small- and medium-sized manufacturers.
(F) COMPLIANCE WITH WAGE RATE REQUIREMENTS.-Each recipient of a loan shall undertake and agree to incorporate or cause to be incorporated into all contracts for construction, alteration or repair, which are paid for in whole or…
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