More Taxpayer “Stimulus” for Unions, Freddie Mac/Fannie Mae Bailouts, Wasteful Pork

Queen Nancy is reconvening Congress to vote on another $26 billion “jobs” bill. That 26 billion extra dollars will be added to the already bloated $421 billion dollars grabbed by Congress. Instead of hiring more teachers, firefighters, or law enforcement officers, that taxpayer money will be going to pad the coffers of unions.

The House will vote to create a $10 billion “Education Jobs Fund,” a euphemism for a public school bailout. Those aren’t my words – that’s American Federation of Teachers President Randi Weingarten’s line.

And Pelosi made a telling admission when she announced via Twitter, “I will be calling the House back into session early next week to save teachers’ jobs…”

It’s not about student achievement. It’s about protecting the adults.

Public schools have a spending problem, not a funding problem. Pelosi and her regime are perpetuating the problem at a time America literally can’t afford it.

According to The Hill, Pelosi’s action came about after urging from a public employees union, the American Federation of State, County and Municipal Employees.

Taxpayers must now foot the bill for the demands of unions and the politicians that kowtow to them.
http://biggovernment.com/kolson/2010/08/06/10-billion-public-school-bailout-unnecessary/ 

We’ll also continue to pay for the Dems’ mortgage and TARP monstrosity.

Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages – one in five – are underwater with negative equity of some $800 billion. Recall that on Christmas Eve 2009, the Treasury Department waived a $400 billion limit on financial assistance to Fannie and Freddie, pledging unlimited help. The actual vehicle for the bailout could be the Bush-era Home Affordable Refinance Program, or HARP, a sister program to Obama’s loan modification effort. HARP was just extended through June 30, 2011.

The move, if it happens, would be a stunning political and economic bombshell less than 100 days before a midterm election in which Democrats are currently expected to suffer massive, if not historic losses. The key date to watch is August 17 when the Treasury Department holds a much-hyped meeting on the future of Fannie and Freddie.
http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/

Here’s where some of the stimulus money has gone so far:

  • $5 million to create a geothermal energy system for a shopping mall in Tennessee. The mall is over half empty of tenants and has had falling shopper attendance for years *
  • $1.57 million to Penn State University study fossils in Argentina *
  • $100,000 to a puppet theater in Minnesota *
  • $2 million to build a replica railroad tourist trap in Carson City, Nev. *
  • A boat cruise company in Chicago got almost $1 million to “combat terrorism” *
  • $500,000 went to Ariz. State Univ. to study ant genetics *
  • Another $450,000 went to Uinv. of Arizona to study ants *
  • Almost $400,000 went to Univ. of New York to pay students to drink beer and smoke marijuana for a study there *
  • $219,000 to the Nat’l Institute of Health to study if young people “hook-up” after getting drunk *
  • $210,000 to the Univ. of Hawaii to study bees *
  • $700,000 to crab fishermen in Oregon to pay for lost crab pots *
  • $5,000 a person tax rebate if you buy a new electric golf cart (Wall Street Journal)
  • Up to $1 million went to prisoners in $250 stimulus checks (FoxNews)
  • $54 mil to a New York Indian tribe to run its casino (New York Post)
  • $1 billion for a power plant in Mattoon, Illinois that is based on speculative science and may not even work **
  • $15 million to back-road bridges that get little traffic in Wisconsin **
  • $800,000 for a practically unused airport in Pennsylvania **
  • $3.4 million for an animal walk way under a road in Florida **
  • $1.15 million to install a guard rail for a lake that doesn’t even exist in Oklahoma **
  • $10 million to renovate a rail station that has stood unused for a decade **
  • $578,000 to battle homelessness in Union, New York even though the town says they have no homeless people there **
  • $233,000 to the Univ. of Calif. to study why Africans vote… in Africa ***
  • $2 million to build a new fire house in a Nevada town that has no firemen ***
  • North Carolina schools got $4.4 million for literacy and math coaches… to teach their teachers! ***
  • $54 million for a railroad project in Napa Valley went to a minority-owned company that then hired a local construction company for half the price, pocketing the rest ***
  • A California company was given $15 million in stimulus money to monitor water quality in a stream it was under indictment for polluting previously***

http://biggovernment.com/wthuston/2010/07/05/obama-says-stimulus-worked-created-jobs-heres-a-reminder-of-the-waste/

Harry Reid chimed in and defended the taxpayer-funded research for feeding cocaine to monkeys.

You just can’t make up this shit:

The McCain/Coburn report claimed this was a reference to a Federal grant of $71,623 to the Winston-Salem college to “study how monkeys react under cocaine.”
And that’s true. But the report didn’t tell you why the monkeys’ reaction to cocaine is being studied: To develop our understanding of how the brain chemistry of addiction works, in order to better combat drug addiction.
Administration officials say this grant was part of the roughly $8 billion in stimulus grants that the National Institutes of Health has doled out for scientific research, with the goal of creating jobs while advancing scientific knowledge.
http://www.nationalreview.com/the-feed/242586/harry-reid-defends-fudning-coked-stimulus-monkeys

Let’s see: The Feds are using my money to get monkeys buzzed on coke in the name of “creating jobs and scientific knowledge”.

Like Harry doesn’t know about the effects of cocaine on actual human addicts? What kind of crack are you smoking, Harry?

How’s that “change” working out for you leftwingnuts?
Related article:
http://www.foxnews.com/story/0,2933,598703,00.html

Related post:
http://sfcmac.wordpress.com/2010/01/20/where-that-stimulus-money-goes/

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