AWGBlog

November 5, 2012

1 Day to go…

1 day, 24 hours to go…

And the biggest reason to get rid of Barack Hussein Obama…

Barack Hussein Obama

October 19, 2012

18 Days to go …

Filed under: FYI — Tags: , , , , , , , , , — AWG @ 9:53 am

18 days to stop the spending…

President Obama’s Taxpayer-Backed Green Energy Failures

The complete list of faltering or bankrupt green-energy companies:

  1. Evergreen Solar ($24 million)*
  2. SpectraWatt ($500,000)*
  3. Solyndra ($535 million)*
  4. Beacon Power ($69 million)*
  5. AES’s subsidiary Eastern Energy ($17.1 million)
  6. Nevada Geothermal ($98.5 million)
  7. SunPower ($1.5 billion)
  8. First Solar ($1.46 billion)
  9. Babcock and Brown ($178 million)
  10. EnerDel’s subsidiary Ener1 ($118.5 million)*
  11. Amonix ($5.9 million)
  12. National Renewable Energy Lab ($200 million)
  13. Fisker Automotive ($528 million)
  14. Abound Solar ($374 million)*
  15. A123 Systems ($279 million)*
  16. Willard and Kelsey Solar Group ($6 million)
  17. Johnson Controls ($299 million)
  18. Schneider Electric ($86 million)
  19. Brightsource ($1.6 billion)
  20. ECOtality ($126.2 million)
  21. Raser Technologies ($33 million)*
  22. Energy Conversion Devices ($13.3 million)*
  23. Mountain Plaza, Inc. ($2 million)*
  24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
  25. Range Fuels ($80 million)*
  26. Thompson River Power ($6.4 million)*
  27. Stirling Energy Systems ($7 million)*
  28. LSP Energy ($2.1 billion)*
  29. UniSolar ($100 million)*
  30. Azure Dynamics ($120 million)*
  31. GreenVolts ($500,000)
  32. Vestas ($50 million)
  33. LG Chem’s subsidiary Compact Power ($150 million)
  34. Nordic Windpower ($16 million)*
  35. Navistar ($10 million)
  36. Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.

The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.

The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.

September 25, 2012

42 Days to go…

Filed under: WTF — Tags: , , , , , , , , , , — AWG @ 9:40 am

42 more day and night of fight…

Obama brags that he saved General Motors, well…

Government Motors Still Owes Taxpayers $42 Billion

Obama and his supporters have been more than happy to tout his bailout of the auto industry, but General Motors still owes taxpayers $42 billion according to an Inspector General’s report and the company’s stock has hit an all time low.

We the taxpayer ponied up over $53 dollars a share for GM stock GM hasn’t traded at $53 a share in a long, long time – in short we the taxpayer, the 53% were ripped off. Today GM is trading $24.36 nearly $30 a share less than we were forced to pay for it.

The way I see it GM owes us a lot of cars of out choice – we’ve paid for them.

But they are trying to make up for it with Obama’s failed electric car the Volt (Joke)

Chevrolet’s Volt selling, but not at sticker price

Now the losses could be even higher. It costs $60,000 to $75,000 to build a Volt, including development, manufacturing and raw materials, estimates Sandy Munro, president of Munro & Associates, a Troy, Mich., a company that analyzes vehicle production expenses for automakers. Much of the cost comes from an expensive combination of two power systems — electric and gasoline. With a sticker price of $40,000, minus the $10,000 the company pays in incentives, GM gets roughly $30,000 for every Volt. So it could be losing at least $30,000 per car.

September 17, 2012

50 Days to go…

Filed under: Business — Tags: , , , , , , , , , , , — AWG @ 2:40 pm

50 more days to turn the tide…

Liberal Economics = BAD!

For Every $1 Added to the Economy, Obama Added More Than $3 in Debt

Since Obama has taken office ….
[through Q2 2012 for comparative purposes]

–> For every $1 added to the economy, we’ve added more than $3 in debt

–> added $5.23 trillion in debt vs. $1.68 trillion to the economy
–> 50% increase in debt vs. 12% increase in economic output

Total Public Debt:

$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]

–> $5.23 trillion increase in debt

[source: Treasury Dept]

……

GDP

$13,923T [Q1 2009]
$15,606T [Q2 2012]

–> $1.68 trillion increase in GDP

[source: BEA]

On my planet this doesn’t work – Obama has normalized the word trillion and this is not good. When I was a kid and heard about a billion in debt it seemed like a huge gazillion type number – a number I couldn’t get my mind around now today we speak of billion as if it’s is nothing and a trillion is becoming just as normal. I don’t think most people gasp the size of a trillion – lucky for you long ago I told you just how much is a trillion.

September 6, 2012

61 Days to go …

61 more days of words, words, words and all the noise, noise, noise ….

This video is a little over 13 minutes long and I HIGHLY recommend you watch the entire thing and send it to your friends and liberals…

WORDS MATTER …

YouTube Preview Image

Personally I’ve sent this to some liberals and asked them why does their president lies?
Still waiting on a reply … not holding my breath.

September 3, 2012

64 Days to go …

Filed under: FYI — Tags: , , , , , , , , — AWG @ 9:07 am

64 more days of an empty chair…

Happy Labor Day for those of you with a job…

August 23, 2012

75 Days to go …

Filed under: FYI,WTF — Tags: , , , , , , , , — AWG @ 8:53 am

75 more days to bring an end to Hype and Blame …


Obama gave Solyndra $527,000,000.00 and told the taxpayer who funded it to take a back seat to payback while putting if crony friends at the front of the line.

Solyndra bankruptcy may not be a total loss for taxpayers

May 25, 2012

Nutty Nutting: Obama a small spender…

Filed under: FYI,lies — Tags: , , , , , , , , — AWG @ 9:05 am

So I guess you heard the latest liberal gloating that Obama is the smallest spender since Jesus… Obama is all over this like a duck on a June bug.’ What’s the word politicains love to use in place of lying? Oh yeah… intellectual dishonesty.

But with everything liberal, there is a problem…

Correcting the media on Obama’s spending record… again

First, Nutting writes, “In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion.” This is inaccurate for two reasons: first, as Nutting notes in a separate chart, Obama was responsible for $140 billion in stimulus spending in 2009. Therefore, insinuating that the 2009 deficit was garnered entirely under President Bush’s watch is misleading.

Second, and related, Nutting fails to place blame for a number of other spending items President Obama signed into law on the President, particularly those from the $410 billion H.R. 1105, the Omnibus Appropriations Act, 2009. This Act, signed into law by President Obama on March 11, 2009, included the following:

  1.  Five billion dollars worth of earmarks added by Members of Congress.
  2. A funding increase of $8.5 billion in the Labor-HHS-Education portion of the law, excluding emergency appropriations.
  3. A $31 billion increase in nine bills funding various federal agencies over FY 2008, astotaled by the U.S. Conference of Mayor.

All told, as noted by the Canada Free Press, the omnibus increased total spending in the relevant departments by 8% over the prior year. And while $31 billion is not a large amount of money compared to the federal budget in 2009 (it was less than one percent of spending in that year), it was 22% of the $140 billion in deficit spending Nutting credits to Obama. Nutting should still have put the blame for those increases on Obama’s shoulders – as he eventually, and rightly, did with stimulus spending.

Third, Nutting cites the Congressional Budget Office (CBO) to claim FY 2013 spending is supposed to go down by 1.3%. This is extremely misleading. In citing the CBO, Nutting is looking at the its 2012 baseline report on spending. This report looks at how current law will impact spending and the deficit. However, in the same report, CBO’s alternative fiscal scenario (what I like to call the politically realistic scenario, with explanations of the likely course Congress will take regarding specific tax and spending programs) expects certain spending reductions to be delayed by Congress. These include cuts to doctor payments in Medicare and the sequestration cuts scheduled to take place in 2013. These and other examinations of fiscal reality cause the CBO to note “deficits would average 5.4 percent of GDP over the 2013–2022 period, rather than the 1.5 percent reflected in CBO’s baseline projections.” The CBO also expects the difference in deficits between the baseline report and alternative fiscal scenario to be about two percent of GDP, or over $300 billion in 2013.

Finally, while Nutting’s thesis focuses exclusively on the time President Obama has been in office, it should be pointed out that then-Senator Obama voted for at least two big-ticket items opposed by many Republicans and signed by Bush – TARP and the auto bailouts. While not looking at these is consistent with Nutting’s thesis, it also leads the reader to forget that it takes three to tango in Washington…and by having control of the House and the Senate Senator Obama and his Democratic allies were two of those partners in spending in Fiscal Year 2009.

OK got that? Obama came into office and started spending like drunken sailor while still technically un the Bush budget and nutty nutting is trying to assign most of this new spending created by Obama to Bust and since the Democrats haven’t passed a budget since Obama took office there is really no spending budget to base anything one and factoring in baseline spending which is automatic increases to the budget these cost aren’t calculated.

It really real simple if Obama hasn’t increased the spending then why has the debt risen at it’s fastest rate in history? Answer that one libtards where did the $5,000,000,000,000.00 go?

I put as much faith in Nutting report as I do in Obama’s ability to tell the truth – none.

Oh one last note…

Real federal deficit dwarfs official tally

The big difference between the official deficit and standard accounting: Congress exempts itself from including the cost of promised retirement benefits. Yet companies, states and local governments must include retirement commitments in financial statements, as required by federal law and private boards that set accounting rules.

The deficit was $5 trillion last year under those rules. The official number was $1.3 trillion. Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, according to government actuaries, but the amount was not registered on the government’s books.

And Obama wants to add another government entitlement of healthcare… can you say BROKE?

More here debunking nutty Nutting…
Barack Obama: The Spending King
Claim Obama Slowed Spending Shows Democrats’ Dishonesty
With a Straight Face, Matthews Spins: It’s a ‘Fact’ That Obama Is Not a ‘Reckless Spender’
Actually, the Obama spending binge really did happen
The Truth about President Obama’s Skyrocketing Spending
Mirror, Mirror, on the Wall, Which President Is the Biggest Spender of All?
Obama Is a Spendthrift— And Here’s the Proof (sarcasm)

April 27, 2012

Obama Claims of Economic Growth Fail… surprised? Not really…

Filed under: lies — Tags: , , , , , , — AWG @ 11:13 am

US Economy Grows at Tepid 2.2% Pace; Misses Estimates

Gross domestic product expanded at a 2.2 percent annual rate, the Commerce Department said on Friday in its advance estimate, moderating from the fourth quarter’s 3 percent rate.

2.2% – that’s pathetic – let’s wind back the hands of time and see what Obama said the economy would grow at if we spent near a trillion in stimulus…

Weak GDP report clouds Obama’s reelection chances

In August of 2009, the White House—after having a half year to view the economy and its $870 billion stimulus response—predicted that GDP would rise 4.3% in 2011, followed by 4.3% growth in 2012 and 2013, too. And 2014? Another year of 4.0% growth.

In its 2010 forecast, the White House said it was looking for 3.5% GDP growth in 2012, followed by 4.4% in 2013, 4.3% in 2014.

In its 2011 forecast, the White House predicted 3.1% growth in 2011, 4.0% in 2012 and 4.5% in 2013, 4.2% in 2014.

In its most recent forecast, the White House predicted 3.0% growth this year and next, and then back to 4.0% after that. Good luck with that.

In reality, the economy grew 1.7% in 2011.

Pssst Mitt… he has a record now use it.

 

April 11, 2012

Yeah! Buffett Rule would pay off Obama’s debt in just 1000 years…

I’m not a millionaire, I don’t play one on TV but I’d like to be one, one day. But as long as this socialist is in the White House it’s not going to happen, so I don’t have to worry about the Buffett Rule – just yet.

So, what’s the Buffett Rule? To quote “The proposed rule would require Americans making more than $1 million a year to pay at least 30% of their income to the federal government, with deductions allowed for charitable giving and payroll taxes.”

So soaking the rich would make how much money? Must be a lot for Obama to much this much time into it – on average less than $5 BILLION a year…. $5 BILLION it’s a lot of moo, it’d fund my good and bad habits for quite a while. But at the government level… $5 BILLION isn’t squat and would run the Federal government for less than two hours, so $5 BILLION – it’s laughable at that level.

All of this Obama bullshit, this rhetoric, this demagogy, this class warfare, this envy mongering is over enough money to run the government for less than TWO DAMN HOURS!!!  It took Obama longer to fly to Florida to make his little campaign speech/fundraisers on the Buffett Rule on our dime than the damn Buffett Rule will fund the federal government!

It’s all smoke and mirrors and frankly it’s nothing more than a campaign gimmick and will never get passed. Personally I don’t care how much money you make… make as much as you can and then hire me with it do build you something, lord know I could use the money.

But here is the deal –  to date under Obama the debt has increased over $5 TRILLION so using simple math that even liberals can understand it would only take 1000 years for the Buffett Rule tax to pay off Obama’s accumulated debt provided it was interest free which it’s not and he stopped spending right now which he can’t.

$5 BILLION X 1000 years = $5 TRILLION … yeah that’ll fix it.

Oh and just so you know just the interest alone on the federal debt in 2011 was $454,393,280,417.03 if you factor the amount of debt Obama has ran up alone the interest on he $5 TRILLION is about $160 BILLION a year so tell me again how demonizing and over taxing the rich who create jobs and spend money is going to do anything to help the economy – because I don’t get it.

By the way cutting federal spending just 1% like trips to Vegas and iPods for GSA workers would save $37 BILLION a year, cut it 10% do the math $370 BILLION a year.

Just a reminder: “Buffett Rule” that Obama won’t stop talking about is aimed mainly at around 400 taxpayers

Older Posts »

Powered by WordPress

17 visitors online now
8 guests, 9 bots, 0 members
Max visitors today: 34 at 03:19 pm UTC
This month: 67 at 05-08-2013 12:05 pm UTC
This year: 95 at 04-19-2013 07:09 pm UTC
All time: 365 at 03-16-2012 03:55 pm UTC

© 2008-2013 The Angry White Guy All Rights Reserved