The debt default standoff was such a hit, Congress has decided to stage a government shutdown sequel.
It’s Groundhog Day meets Dumb and Dumber.
With world financial markets teetering day to day based on any and all new negative indicators, our legislators wade right into a ridiculous cat fight over a relatively paltry budget matter. Way to go, freak out neurotic Wall Street investors with another confidence-destroying display of political brinkmanship.
This would be funny if it weren’t so outrageous.
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Let’s be specific. Senate DEMOCRATS are the culprits this time
Update: Why did Democrats threaten to shut down goverment, AGAIN, to protect “Advanced Technology Vehicles Manufacturing Loan Program” which Republicans suggested be cut to offset the cost of emergency distaster relief funds? Why, to protect fat cat corporations, of course!
http://www.nationalreview.com/author/13299
After the Solyndra disaster, http://online.wsj.com/article/SB10001424053111903285704576558560085902774.html, nonsense like this needs to be examined closely, and eliminated.
Further update. It just keeps on getting better. In the wake of the Solyndra debacle, the Department of Energy has approved $1 Billion in loans for additional solar energy projects. Out of that $1 Billion, $737 Million went to one company, and for what?
“The Energy Department said the project will result in 600 construction jobs and 45 permanent jobs.”
http://thehill.com/blogs/e2-wire/677-e2-wire/184331-energy-department-approves-737-million-loan-guarantee-for-solar-project
Isn’t that terrific? $1 Billion for 45 permanant jobs. SOMEBODY must be well connected here. Who might that be? Oh yeah, Ron Pelosi, Nancy Pelosi’s brother in law!
“But that’s not the best part. As both Gateway Pundit and American Glob discover, one of SolarReserve’s “investment partners” is Pacific Corporate Group, through its Clean Energy and Technology Fund. And PCG’s executive director is Ron Pelosi — brother of Nancy Pelosi’s husband. Suddenly, this deal makes a lot more sense than spending $737 million for forty-five jobs.”
http://hotair.com/archives/2011/09/29/737-million-in-green-tech-loan-to-company-connected-to-pelosi-family/
This just keeps on getting better all the time.
“…
four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns.”
http://dailycaller.com/2011/09/29/more-solar-companies-led-by-democratic-donors-received-federal-loan-guarantees/
George Kaiser, the Oklahoma billionaire who raised $53,500 for President Obama’s campaign in 2008.
James McDermott has contributed $61,500 to various Democratic campaigns since 2008, including $30,800 to Obama’s presidential election campaign.
Lee Bailey, a fellow SolarReserve board member and U.S. Renewables Group investor, has donated $21,850 since 2008 to Democratic candidates including President Obama, Senate Majority Leader Harry Reid, California Sen. Barbara Boxer and then-presidential candidate Hillary Clinton.
Michael Ahearn, whom Reuters reported cashed in $68.9 million of his company’s stock last month, has donated $123,650, along with his wife, to the Democratic Party and Democratic candidates during the three most recent cycles, mostly in Arizona.
The list goes on. Read the whole thing, and weep.
With respect to Sollyndra, I think Sen. Jim Demint has just coined a new catch phrase. Venture Socialism.
http://www.washingtontimes.com/news/2011/sep/27/venture-socialism/
Venture Socialism. An accurate description, seems to me…