Tag Archives: Communism

Obama’s economic plan: record high 47 million Americans on food stamps

The Weekly Standard explains how Obama made 47 million people dependent on government.

Excerpt:

Food stamps enrollment has hit a new record high. 46,681,833 million are now enrolled in the social welfare program, according to the United States Department of Agriculture, the federal department that runs the program.

As the chart shows, when President Obama took office, enrollment in the food stamps program was 31.98 million. Now, not even four years later, it’s a whopping 46.48 million. (In 2002, as the chart states, “19.1 million Americans received food stamps.”)

In fact, the newly released data represents enrollment in July (the last month for which data is available). Assuming the program remained on its projected path, the number of those enrolled in food stamps is likely now larger by several hundreds of thousands.

“USDA has engaged in an aggressive outreach and promotional campaign to boost food stamp enrollment. Among these efforts are an ongoing partnership with the Mexican government to advertise food stamps to Mexican nationals, migrant workers, and non-citizen immigrants. Partly as a result of these efforts, the number of non-citizens on food stamps has quadrupled since 2001,” explains the Republican side of the Senate Budget Committee.

And the cost, the committee explains, is astronomical. “Total spending on food stamps is projected to reach nearly $800 billion over the next 10 years, with no fewer than 1 in 9 people on the program at any given time. Neither food stamp participation nor spending on the program are ever projected to return to pre-recession levels at any point in the next 10 years.”

Why might some people on the left celebrate more government dependency? Well, if everyone is on food stamps, then everyone will be equal, and that’s what the left wants more than anything. Equal dependence on government was his plan, and he achieved it. If being on food stamps is not your goal for your life or for your children’s lives, then you might want to consider picking a new President in November.

Global warming: 2000 new record low temperatures in October

October 2012 temperature records: (click for larger image)
October 2012 temperature records: (click for larger image)

From Watt’s Up With That ? blog. (H/T Bad Blue)

Excerpt:

In the continental USA, there were 137 high temperature type records versus 857 low temperature type records this past week , a 6-1 difference. Last week there were 1154 low temperature type records putting the two week total for October at 2011. There were also 24 new snowfall records set this week in the upper plains.

Remember, the whole reason Obama was so keen to reward his campaign fundraisers who own green energy companies that are now bankrupt was because of the fear of global warming.

Remember Solyndra, the solar panel maker?

Look:

Eight months before solar panel maker Solyndra filed for bankruptcy, the company’s politically connected backer sought to hold on to lucrative tax breaks in the event the company went out of business, according to court documents.

The new information was revealed on Wednesday by the U.S. Internal Revenue Service, which filed an official objection to Solyndra’s bankruptcy reorganization plan.

The failure of Solyndra, the company President Obama held up as an example of government backing for renewable energy jobs, is a political weapon for Republicans ahead of the November elections as they highlight energy policies more favorable to fossil fuels.

[…]Solyndra’s bankruptcy plan could prove a further embarrassment to the administration if it is seen rewarding risk-driven venture capitalists ahead of unsecured creditors such as suppliers and laid-off staff.

In its court filing on Wednesday, the IRS opposed Solyndra’s plan. If approved by creditors, a holding company would emerge from bankruptcy with no employees or business operations – but as much as $350 million in tax breaks that could be used by Solyndra’s investors, including Argonaut Ventures.

Argonaut is the investment arm of a foundation tied to the Democratic fundraiser, Oklahoma billionaire George Kaiser. Most of the tax breaks would come in the form of Net Operating Losses (NOLs) which could be used to offset future taxable income.

Meanwhile, under the bankruptcy plan Solyndra’s creditors would receive pennies on the dollar, the IRS said, adding that the principal purpose of the plan is “tax avoidance.”

[…]The IRS cited emails from Kaiser to one of the venture firm’s managing directors.

[…]Solyndra has said in recent court filings it may not be able to repay any of the $528 million that the U.S. government had lent in 2009 to promote clean energy businesses.

Republicans have seized on Solyndra’s failure to accuse the White House of rushing the $528 million loan in part to help the venture capital backers. The Obama administration has said the loan was based on the merits of Solyndra’s business prospects.

Global warming fraud, cronyism and corruption. And they did everything they could to block domestic energy production, like blocking the Keystone XL pipeline and all the thousands of jobs that would have created. Do we really need four more years of this?

Friday night movie: The Scarlet Pimpernel (1934)

Here’s tonight’s movie:

IMDB mean rating: [7.9/10]

IMDB median rating: [8/10]

Description:

“The Scarlet Pimpernel” is the alias of an 18th century English aristocrat, who leads a double life. He appears to be merely the effete aristocrat, but in reality is part of an underground effort to free French nobles from Robespierre’s Reign of Terror. Based on the novel by Baroness Orczy.

Sink me, this one of my favorite movies, and full of high adventure!

Happy Friday!

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