Wintery Knight

…integrating Christian faith and knowledge in the public square

Nancy Pelosi’s brother-in-law gets $737M of taxpayers’ money to build solar plant

From the UK Daily Mail.

Excerpt:

Nancy Pelosi is facing accusations of cronyism after a solar energy project, which her brother-in-law has a stake in, landed a $737 million loan guarantee from the Department of Energy, despite the growing Solyndra scandal.

The massive loan agreement is raising new concerns about the use of taxpayers’ money as vast sums are invested in technology similar to that of the doomed energy project.

The investment has intensified the debate over the effectiveness of solar energy as a major power source.

The SolarReserve project is backed by an energy investment fund where the Minority Leader’s brother-in-law Ronald Pelosi is second in command.

PCG Clean Energy & Technology Fund (East) LLC is listed as one of the investors in the project that has been given the staggering loan, which even dwarfs that given to failed company Solyndra.

Other investors include one of the major investors in Solyndra, which is run by one of the directors of Solyndra.

Steve Mitchell, who served on the board of directors at the bankrupt energy company, is also managing director of Argonaut Private Equity, which has invested in the latest project.

Since Solyndra has filed for bankruptcy has been asked to testify about the goings on at the firm by two members of the House and ‘asked to provide documents to Congress’.

[...]The project approval came as part of $1 billion in new loans to green energy companies yesterday.

Did they learn anything from Solyndra? No:

‘The administration’s flagship project Solyndra is bankrupt and being investigated by the FBI, the promised jobs never materialised, and now the Department of Energy is preparing to rush out nearly $5 billion in loans in the final 48 hours before stimulus funds expire — that’s nearly $105 million every hour that must be finalised until the deadline,’ said Florida representative Cliff Stearns, who is chairman of the investigations subcommittee of the House Committee on Energy and Commerce.

Since Nancy Pelosi took over federal spending in January 2007, the national debt has increased from $8.5 trillion to about $17.5 trillion. That’s NINE TRILLION dollars in new spending. And much of it just handed off to the people and groups who got the Democrats elected 2008 and 2012.

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Obama violates his own stimulus law by refusing to release status reports

The Weekly Standard reports.

Excerpt:

Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately?  In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved.  Even in Washington, that’s not considered good bang for the buck.

Moreover, that was the fifth consecutive “stimulus” report that showed this number getting progressively worse.

Alas, that was the last report we’ve seen.  Never mind that Section 1513 of the “stimulus” legislation, which Obama spearheaded and signed into law, requires the executive branch to submit a new report every three months.  It reads:

“In consultation with the Director of the Office of Management and Budget and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators.”

[...]By now, [the Obama administration] was supposed to have released fourteen such reports.  It has released only eight.  The last one covered the period ending in June 2011.  That’s right — 2011.

With only 58.6 percent of Americans currently employed — down 2.4 percent from the time of Obama’s first inauguration — it’s not surprising that the Obama administration doesn’t really want to fulfill it legal responsibilities and release subsequent reports on its failed “stimulus.”  However, it hardly seems fair — to use one of Obama’s favorite words — that the rich and (extremely) powerful think that they can choose whether or not to abide by the laws they spearhead and sign, while the rest of us are forced to obey them.

I’m not surprised by this, because we all know that Democrats are the biggest tax cheats ever. It’s not surprising to me that they pass laws that they have no intention of following themselves, because they are hypocrites. The laws are meant to stop others from succeeding, but Democrats themselves always seem to be exempt. Just like the waivers that the big labor unions got from Obamacare. Poverty for thee, but not for me.\

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CBO: each job created by stimulus cost between $4.1 million and $540,000

Here’s the latest Congressional Budget Office report. (H/T American Enterprise Institute)

When [the American Recovery and Reinvestment Act] was being considered, the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation estimated that it would increase budget deficits by $787 billion between fiscal years 2009 and 2019. CBO now estimates that the total impact over the 2009–2019 period will amount to about $831 billion.

By CBO’s estimate, close to half of that impact occurred in fiscal year 2010, and more than 90 percent of ARRA’s budgetary impact was realized by the end of March 2012. CBO has estimated the law’s impact on employment and economic output using evidence about the effects of previous similar policies and drawing on various mathematical models that represent the workings of the economy. …

On that basis CBO estimates that ARRA’s policies had the following effects in the first quarter of calendar year 2012 compared with what would have occurred otherwise:

– They raised real (inflation-adjusted) gross domestic product (GDP) by between 0.1 percent and 1.0 percent,

– They lowered the unemployment rate by between 0.1 percentage points and 0.8 percentage points,

– They increased the number of people employed by between 0.2 million and 1.5 million,

– They increased the number of full-time-equivalent jobs by 0.3 million to 1.9 million. (Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers.)

We spend $831 billion taxpayer dollars to create between 200,000 to 1.5 million jobs. That works out to a cost-per-job number of between $4.1 million and $540,000.

Go socialism! Our children can afford to pay for our generation’s irresponsible wastefulness, right? I mean the ones we don’t abort, of course.

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Top North Carolina Democrat Party official named in same-sex sexual harassment claim

From the Daily Caller. (H/T Gateway Pundit)

Excerpt:

A top North Carolina Democratic Party official has reportedly been identified as the accused perpetrator in a sexual harassment claim made by a former staffer.

Jay Parmley, North Carolina’s Democratic Party executive director, has been accused of sexual harassment by Adriadn Ortega, a former communications staffer for the state party, according to a report by the J.W.P. Civitas Institute.

An email chain The Daily Caller previously obtained didn’t name the alleged perpetrator or the victim, but confirmed the existence of the alleged sexual harassment, a financial settlement paid to the victim and that Parmley and the victim had signed non-disclosure agreements. Civitas has since reported the names of those involved.

On his Twitter account, Parmley describes himself as an “all around good guy and a Democrat!”

North Carolina Democratic Party spokesman Walton Robinson has not responded to multiple requests for comment.

At least one Democratic Party official in North Carolina revealed apparent concerns about the same-sex nature of the allegations going public, which could pose a political conflict with the party’s attempts at defeating an anti-gay-marriage ballot amendment.

In an email to state Democratic Party chairman David Parker, North Carolina Democratic statehouse candidate Watt Jones said this sexual harassment looks bad for Democrats.

“With a Democratic Party which is suppose [sic] to be fighting to defeat Amendment One [which describes marriage as between one man and one woman] on the May 8 ballot, yet we have this in Goodwin House?,” Jones said. “How does that look?”

Parmley, the accused harasser according to the Civitas report,  is still employed by the Democratic Party.

I don’t think this will matter much to Democrat voters, who are OK with stuff like this. It might hurt their standing with some independents. This is the real Democrat Party on display though. These are the people who undermine marriage with their no-fault divorce laws, their sex education indoctrination in public schools, their subsidies for single mothers by choice, their support for gay marriage and their insistence on taxpayer-funded abortion. They oppose traditional marriage and the traditional family.  The Democrat Party motto: “If it feels good, do it. Just don’t get caught!”

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AFL-CIO union boss says that there is no budget deficit problem

Here’s the video from Gateway Pundit.

Ooops:

I wonder how the union boss missed that graph.

And when you look at that graph remember that the Democrats controlled the House and the Senate starting in January of 2007. When things started to fall apart, and Bush didn’t have the political capital to pull out his veto pen and cut wasteful spending and bailouts.

Michele Bachmann doesn’t like unions

Anyway, here’s Michele Bachmann explaining what the 26 billion dollar union bailout will mean for the November elections. (H/T Gateway Pundit)

That’s why government should be limited. You only get to choose how to spend your money in a free market. If the government takes your money, then they get to decide how it’s spent, e.g. – on special interest groups that voted for the party in power. A dollar is either going to be spent by you on what you want – or it’s going to be spent by them on what they want. Think about it – who knows more about what to do with YOUR money – you or a politician who wants to be re-elected? The only solution is to keep government small – and only the Republicans (some of them – not all) are willing to try to do that.

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