http://economiccollapsenews.com/2013/04/25/u-s-government-wasting-890000-this-year-on-empty-bank-accounts/
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Friday, April 26, 2013
Fwd: Gullible Greens Throw Away Your Money
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Begin forwarded message:
From: Newt Gingrich <no-reply@gingrichproductions.com>
Date: April 26, 2013 5:17:09 PM GMT-06:00
To: bobbygmartin1938@gmail.com
Subject: Gullible Greens Throw Away Your Money
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Gullible Greens Throw Away Your Money
The green energy loan racket's biggest loss since Solyndra may come from a company that was bent on selling $100,000 luxury cars to people like Justin Bieber, Leonardo DiCaprio, and Al Gore.
The fact that hardworking taxpayers were forced to subsidize the Fisker Karma, a hybrid electric sports car catering to the super-wealthy, is a scandal in its own right. But such an expenditure is even more outrageous when you consider the administration's insistence this week that sequester cuts forced it to slow the nation's airports and air traffic control system to a crawl.
The FAA claimed it needed about $600 million in funding restored to prevent disruptions in aviation. Although Republicans repeatedly offered the administration the authority to make up for this shortfall with wasteful programs outside the FAA, the President has so far showed little interest, continuing to claim they can't come up with the money needed to prevent the delays.
Yet the Obama administration and Congressional Democrats are apparently unconcerned about the $529 million loan they made Fisker, which is expected to declare bankruptcy. The President's spokesman and House Democrats brushed off questions about Fisker earlier this week. The company had a CCC+ credit rating when the Department of Energy (DOE) chose to lend it more than half a billion dollars. Now, it is likely that decision will cost taxpayers $171 million.
The ultra-luxury electric car company will be the largest loss by the DOE loan program since Solyndra, the recipient of a $528 million government guarantee, went bankrupt in 2011.
The green energy loan guarantee program was a centerpiece of President Obama's first-term agenda. He told us in virtually every speech that these types of "investments" would create jobs and drive an economic recovery. The stimulus included billions of dollars for dozens of "green" jobs projects.
Yet just a few years later, the administration contends it doesn't have the money to keep the air traffic control system running smoothly. If only the FAA had thought to affix solar panels to the control towers, maybe it could have applied for a DOE loan to keep itself going.
The administration argues government "investments" to companies like Fisker are necessary to drive development of new and revolutionary technologies. But Fisker wasn't doing basic research; it was a commercial venture producing luxury vehicles, which had already raised more than a billion dollars of private capital. The federal loan guarantees did not enable any fundamentally new technology, and they weren't necessary for Fisker to produce cars.
What's almost as bad as subsidizing electric cars for the super-wealthy is that the loan program appears to have been so mismanaged that the government continued to shell out money to Fisker long after it missed important milestones which were supposed to be conditions for further funding. Evidence introduced at the hearing on Wednesday showed the Department of Energy continued to bankroll Fisker for a year after it was warned the company wasn't meeting these benchmarks, costing an extra $32 million the company should never have received.
It appears Fisker was never able to produce a car that was really suitable for sale. Bruce Simon, the CEO of Omaha Steaks, was quoted in the Wall Street Journal this week describing his $100,000 Karma:
"Mr. Simon says his car broke down four times over the span of a few months. Each time, Fisker Automotive Inc. picked it up and sent it by trailer from his home in Omaha, Neb., to a dealer in Minneapolis.
"The Karma was 'so vulnerable to software errors, and the parts used were of such poor quality that eventually I insisted they take the car back and return my purchase price, which they did,' he says. 'It's a real shame, the car itself was beautiful.'"Perhaps it is expenses like this that caused Fisker apparently to lose $557,000 on every car sold.
President Obama often speaks of the need for a "balanced approach" to reducing the deficit. But when his administration defends air traffic control disruptions and half-million-dollar electric lemons in the same week, you have to wonder about his sense of "balance."
Your Friend,
Newt
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Thursday, April 25, 2013
Fwd: Gatestone Update :: Samuel Westrop: European Union Spending Millions to Silence Critics, and more
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Begin forwarded message:
From: "Gatestone Institute" <list@gatestoneinstitute.org>
Date: April 25, 2013 3:12:33 AM GMT-06:00
To: bobbygmartin1938@gmail.com
Subject: Gatestone Update :: Samuel Westrop: European Union Spending Millions to Silence Critics, and more
Reply-To: "Gatestone Institute" <list@gatestoneinstitute.org>
In this mailing:
- Samuel Westrop: European Union Spending Millions to Silence Critics
- Christine Williams: Call It What It Is: Islamic Terrorism
European Union Spending Millions to Silence Critics
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Auditors have refused to sign off on EU accounts for 18 years in a row, and EU officials have been sacked for exposing corruption and fraud within the vast bureaucracy.
The European Union (EU) is pouring millions of pounds into organizations that advocate state control of the press. For many, the funding -- uncovered recently by Telegraph journalist Andrew Gilligan -- is yet further evidence of the EU's increasingly Orwellian, authoritarian nature. The Soviet dissident Vladimir Bukovsky has for years referred to the organization as the EUSSR.
One recipient of European taxpayers' money, Mediadem, for example, has been given 2.3 million pounds. Mediadem describes its mission as working to "reclaim a free and independent media." Addressing the topical issue of how to restructure the system of redress for those wrongfully accused or defamed by newspapers, Mediadem recommends the "imposition of sanctions beyond an apology or correction" and the "co-ordination of the journalistic profession at the European level."
Mediadem's representative, Dr Craufurd Smith, has written, "Liberal conceptions of media freedom focus on editorial freedom for government interference.... [however] states may also be required to take positive measures to curtail the influence of powerful economic or political groups.... this entails that neither the media, nor those individuals who own or work for the media, enjoy an absolute right to freedom of expression."
This is not the first time the EU has sought to control freedom of expression. In 2001, the European Court of Justice ruled that the EU was allowed to suppress political criticism of its institutions and of leading figures. The court ruled that the EU was lawfully allowed to punish individuals who "damaged the institution's image and reputation."
The European Court of Justice is the EU's highest court. Its advocate general, Damaso Ruiz-Jarabo Colomer, had previously argued that a book criticizing EU financial policy was akin to extreme blasphemy, and thus not protected by free speech laws.
The attack against freedom of expression has extended to economic information. In 2011, an EU official proposed a ban on the issuing of sovereign credit ratings for countries in bailout talks. Michel Barnier, a European internal market commissioner, said, "I think it's legitimate to have a special treatment when a country is in negotiation or is covered by an international solidarity program with the IMF or a European solidarity".
In the wake of the Leveson Report, a British parliamentary inquiry into the "ethics of the Press," an EU report called for tighter press regulation and demanded that the EU should be given new powers to enforce fines or the sacking of journalists against errant media outlets.
Much of the EU's keenness to intervene comes from its concern at the negative coverage it receives in the British press. When the EU is not proposing to regulate the press, it is spending vast sums on pro-EU advertising. In 2012, the EU spent £682 million of British taxpayers' money on its enormous public relations department.
Some of this money has been funnelled into the creation of "Captain Euro." an online children's comic book, in which the integrationist super-hero battles against an "evil organization" that is "hard at work in the shadows."
Conservative MEP Daniel Hannan has noted there is a whiff of anti-Semitism to the cartoon. The "enemy" of Captain Euro, called Dr Vider, has a prominently hooked nose and uses the free market to make money, "no matter if it might involve the suffering of others." It is further explained that, "Banned and ostracised from the financial world for unprofessional conduct he managed to escape arrest despite his involvement in financial scandal."
An internal EU report goes some way in explaining the fondness for comic books, by concluding, "Children can perform a messenger function in conveying the message to the home environment. Young people will often in practice act as go-betweens with the older generations, helping them embrace the euro."
In 2012, the EU spent £106,000 on a video in which a white woman, dressed in EU colors, overcame threatening, dark-skinned martial arts attackers. The video was withdrawn after complaints of racism. Further, various EU youth groups have produced music videos -- in one of which, European youths sing, "I am European, and I love it to be, I am European, it's my destiny."
While the EU is happy to use the Internet to disseminate pro-EU propaganda, it also advocates the regulation of Internet content. In 2012, the EU proposed the "harmonization" of laws across the 27 member-states to force websites to delete information shortly after consumers request its removal. The EU also funds a number of a projects designed to explore censorship of "terrorist" content on the Internet.
There is a joke in Brussels that if the European Union were a country applying to join itself, it would be rejected on the grounds of being undemocratic. But it is not much of a joke. The EU is run by a body that combines legislative and executive power, with an unelected President at the very top. According to a recent Parliamentary report, widespread fraud has led to more than £4 billion of taxpayer's money "disappearing" from the EU budget each year. Auditors have refused to sign off EU accounts for eighteen years in a row and EU officials have been sacked for exposing corruption and fraud within the vast bureaucracy.
The European Union's flaws are best summed up by Sholto Byrnes, who wrote in the Independent: "All it takes to have a profound suspicion of the EU and its greedy accretion of powers is this: to believe in transparency and accountability; to feel in your bones that sovereignty should not be passed from nation state to international body without the voters being consulted; and to desire that those voters should be as close as possible to the representatives they elect. To be, in other words, a democrat."
Unable to counteract criticism of its failings through meaningful reform, the European Union is resorting to undisguised propaganda and proposed regulation of its critics.
Related Topics: Samuel Westrop
Call It What It Is: Islamic Terrorism
Share: Despite these recent attacks on innocent civilians, excuses were made that blamed the victims and exonerated the perpetrators.
A growing problem, the radicalization of Muslim youth, all too often gets brushed off as a Western problem: specifically, being racist toward Muslims, and making them feel alienated and angry .
Canada's Royal Canadian Mounted Police [RCMP] have thwarted a terrorism plot – one that enlisted the help of Al Qaeda in Iran -- to derail a VIA Rail passenger train. A combined effort between the RCMP, Toronto and Montreal Police and the FBI lead to the arrest of two men on terrorism charges: 35 year old Raed Jaser of Toronto and 30 year old Chiheb Esseghaier of Montreal. This news comes on the heels of the double bombing at the Boston Marathon that killed three people and injured more than 170. Among the dead was an 8 year old boy.
Meanwhile an international manhunt is underway for a fourth young man in London, Ontario wanted for questioning in the terrorist attack on an Algerian gas plant back in January. Libyan born Mujahid Enderi, who goes by the name of Ryan, is being investigated by authorities, along with three Londoners – Aaron Yoon, Ali Medlej and Xristos Katsiroubas – also implicated in the terror attack. The latter two, both age 24, were among the 29 militants killed in the four-day siege and hostage-taking in Algeria that claimed the lives of 37 hostages.
In yet another case, Somali and Canadian security forces are now probing whether or not a former York University student was part of a team of suicide bombers last Sunday who stormed a courthouse in Somalia's capital, Mogadishu, killing and injuring dozens. A separate car bomb targeted Turkish aid workers. Mahad Ali Dhore grew up and studied in the greater Toronto area and is reportedly one of the nine Al Shabab militants involved in the well planned attack.
Despite these recent acts of terrorism against innocent citizens, excuses were made that blamed the victims and exonerated the perpetrators.
Former NBC News anchor Tom Brokaw strongly suggested that America is partly to blame for the Boston bombings because the young Muslim men involved may have felt "alienated" and angry over U.S. drone strikes on "innocent civilians" in Muslim countries abroad.
New Canadian Liberal Party leader Justin Trudeau said, "there is no question that this happened because of someone who feels completely excluded, someone who feels completely at war with innocence, at war with society."
Geraldo Rivera tweeted, "regrets to my Muslim brothers/sisters. We know how Boston will aggravate life's friction—Now's the time for patience pride & understanding."
Blaming America and appealing to a presumed guilt will not solve the problem of Muslim radicals wishing to infiltrate, dominate, Islamize and kill Western citizens. Their Wahhabi ideology is influencing Muslim youths in the West, who are being taught to hate and wage jihad on Western soil. Such messages are being promulgated through a high percentage of mosques, training manuals and radical mentors online and through al Qaeda camps overseas, with the complicity of a media that justifies and enables these acts.
According to United Nations Secretary-General Ban Ki-moon , "The Internet is a prime example of how terrorists can behave in a truly transnational way; in response, states need to think and function in an equally transnational manner." The internet is a powerful tool in promoting propaganda; financing terror; efforts to recruit and radicalize; and the execution of strategies, attacks and cyber-attacks.
In addition, the fact that a Canadian citizen with dual citizenship, living in Lebanon, was involved in a bus bombing involving Hezbollah in Bulgaria last year raises greater concern about Canadians traveling overseas to carry out terrorism acts. Last year The Special Senate Committee on Anti-terrorism reported that the Canadian Security Intelligence Service is aware of between 45 to 60 Canadians (most in their early twenties) having travelled or attempted to travel to countries such as Pakistan, Afghanistan, Yemen and Somalia to join al Qaeda-affiliated organizations to execute terrorism-related activities. Some of them have returned to Canada after full terrorism training, or even after having executed terrorism acts abroad.
Infiltration strategies present yet another terrorist front. According to Iranian activist and translator Shabnam Assadollahi, Iran has been engaged in infiltration strategies that began in the early 1990s when its former president, Akbar Hashemi Rafsanjani, came into power with the goal of spreading terrorism abroad. Not long ago, Assadollahi blew the cover of Hamid Mohammadi, an Iranian official working as Cultural Counselor to the Embassy in Canada, through the translation of an interview in Farsi that revealed Iran was using its embassy in Canada to mobilize loyalists of the Islamic Republic of Iran to infiltrate the Canadian government and attack the United States.
Assadollahi warns that immigration is a serious issue, particularly for multicultural Canada. He suggests that a first step is understanding the nature of terrorist regimes and how they use infiltration to achieve their goals.
The West is falling short in understanding the layers and complexity of the problem of Muslim radicalization. A Government of Canada report on "Radicalization of Homegrown Violent Extremists" states that terrorism is not a new tactic, and points out that Sunni Islamist extremism poses the "leading threat to Canada's national security," which has proven to be "adaptable and resilient." It also pinpoints Canada as a target for attacks; identifies the radicalization of the homegrown Toronto 18 and goes on to explain the propaganda drives, the raising of funds and the establishing of connections with extremists in Canada, as well as the efforts that enabled them to travel to foreign conflict zones.
As former US Republican Representative Allen West said, referring to the Boston Marathon bombings, "The terrorist attack in Boston and evolving events indicate we have a domestic radical Islamic terror problem in America." He went on to advise: "No more excuses. No more apologies. We are in a war of ideological wills and we shall prevail."
Racism is a separate phenomenon. Both Canada and the U.S. would do well to abandon the self-guilt rhetoric and pay attention to the reality at hand. It would help if they recognized that the problem is not with Western citizens making Muslims feel unwelcome, or with angering them through foreign policy. We need to accept that the problem arises out of Islamic extremism that fuels victimology while teaching a vitriolic hatred of Jews, Christians, Hindus, all infidels, and the West.
Related Topics: Christine Williams
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Fwd: Morning Bell: American Families Cannot Afford the Cost of Amnesty
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From: "The Heritage Foundation" <morningbell@heritage.org>
Date: April 25, 2013 5:21:13 AM GMT-06:00
To: Bobby Martin <bobbygmartin1938@gmail.com>
Subject: Morning Bell: American Families Cannot Afford the Cost of Amnesty
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04/25/2013
American Families Cannot Afford the Cost of Amnesty
Our nation is going broke, and now is not the time to increase burdens on American families.
The Border Security, Economic Opportunity, and Immigration Modernization Act (S. 744)—commonly called the "Gang of Eight bill" after the eight Senators who came up with it, Charles Schumer (D-NY), Dick Durbin (D-IL), Robert Menendez (D-NJ), Michael Bennet (D-CO), John McCain (R-AZ), Jeff Flake (R-AZ), Marco Rubio (R-FL), and Lindsey Graham (R-SC)—includes amnesty for some 11 million unlawful immigrants. That amnesty would further burden taxpayers and weaken our fiscal situation. Congress should not rush to pass the bill without understanding the cost to the American taxpayer, especially when key research identifying and calculating those costs is nearly complete.
We have more than $12 trillion in public debt and tens of trillions of dollars more in unfunded obligations that we have no way to afford, thanks to promises made by past and present politicians. With this in mind, today's political leaders must consider the fiscal impact of amnesty and a path to citizenship that would enable millions of unlawful immigrants to qualify for costly welfare and entitlement programs.
Simply put, what would this cost taxpayers, present and future? Would this make their burdens lighter, or double down on debt and unaffordable promises to be repaid by future generations?
Leaders from both parties have repeatedly failed to consider properly the long-term effects of their policies. That is why we are in such a predicament. For too many politicians, long-term thinking extends only to the next election, at most six years away. Unfortunately, the Congressional Budget Office (CBO), the legislative branch's official scorekeeper, does not help much in this regard, as it often looks at costs for only the next 10 years.
We've seen legislative myopia again and again as politicians put off tough choices for the future or make our fiscal picture worse with new and expanded government programs we cannot afford, like Medicare prescription drug benefits or Obamacare. The biggest losers are future generations.
Former House Majority Leader Dick Armey (R-TX) once noted that three groups spend other people's money: thieves, children, and politicians—and all three need supervision. Robert Rector of The Heritage Foundation helps provide the information needed for the American people to keep watch over politicians playing with immigration laws and our tax money. Rector is most famous for his work pioneering welfare reform and enjoys a sterling reputation as one of the nation's leading authorities on government social programs.
When he last crunched the numbers during the 2007 amnesty debate, Rector calculated that a general amnesty would cost some $2.5 trillion after considering what legalized immigrants would likely pay in taxes and receive in government assistance. With government only getting bigger (again, see Obamacare), it is likely he will calculate an even higher price tag in 2013. His highly anticipated research is nearing completion. His research from five years ago and the anticipated update are a central part of the debate.
Some amnesty proponents are trying to convince themselves that the immigration bill won't cost much. On the surface, they have some good talking points, noting that "registered provisional immigrants" (the name given to aliens who entered or stayed in the U.S. unlawfully but would get amnesty under the bill) are not eligible for government benefits. Of course that would last only until, at the very latest, they become citizens. (More likely, there will be pressure in future years to speed up both citizenship and eligibility.)
In just a short time, they would be entitled to the same massive array of government programs as everyone else, including expensive retirement income and health programs that are already severely underfunded. The average unlawful immigrant has a 10th grade education, and low-skill immigrants on average take more in government benefits than they pay in taxes at every stage of their lives.
America's families are already burdened with taxes to support a bloated welfare and overburdened entitlement system that is badly in need of reform. This situation would get far worse under amnesty.
Read the Morning Bell and more en español every day at Heritage Libertad.
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Thursday, April 18, 2013
Laffer, from reagan adm, economic advisor
Said this present deficit and qe's will cause serious problems in next year!!!
Saturday, April 13, 2013
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