Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Squandered Stimulus Money

Squandered Stimulus Money

Ratings: (0)|Views: 2 |Likes:
The White House Promised Big Things For The Stimulus, But More Failures Of Obama’s Binge Spending Are Unearthed Every Day
The White House Promised Big Things For The Stimulus, But More Failures Of Obama’s Binge Spending Are Unearthed Every Day

More info:

Published by: Republican National Committee on Oct 10, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

10/10/2011

pdf

text

original

 
October 6, 2011
Squandered Stimulus Money
 
The White House Promised Big Things For The Stimulus, But MoreFailures Of 
Obama’s Binge Spending
  Are Unearthed Every Day 
______________________________________________________________________
IN WISCONSIN, STIMULUS MONEY WAS SPENT ON VANS BEFORE SEEING IF ANYONEWOULD USE THEM
AND NO ONE IS
Eight Vans Bought With $186,192 Of Stimulus Money Are Going Unused.
 
Eight new Dodge GrandCaravans, purchased 10 months ago with $186,192 in federal stimulus funds, are sitting unused instorage at a county park because Waukesha County has found no takers for its proposed workers' vanpool program.
(Laurel Walker, “Waukesha Transit Pool Program Stalls,” 
,10/4/11)
 
Ten Months After Being Purchased, “Not A Single Minivan Has Been Put Into Service.”
 
PublicWorks Director Allison Bussler said transit officials have been pitching the program to employers, whoseworkers could drive and ride the county vans to and from work for a fee. So far, not a single minivan hasbeen put into service.
(Laurel Walker, “Waukesha Transit Pool Program Stalls,” 
,10/4/11)
 
Waukesha County Executive Dan Vrakas: “We Thought There Would Be More Of ADemand.”
 
“Vrakas
acknowledged that county officials are frustrated the vans are not even on the
road, much less full or paying for themselves. ‘We thought there would be more of a demand,’ hesaid.”
(Laurel Walker, “Waukesha Transit Pool Program Stalls,” 
 
,10/4/11)
 
The County Spent The Stimulus Money Without Seeing If Anyone Would Use The Van Service.
 
Bussler said before the county ordered the vans, more than a year ago, transit officials had talked to
anumber of businesse
s’
whose leaders said they thought the van pool was a great idea. But the countydidn't actually sign anyone up before spending the money, she said.
It's hard to say whether we wouldhave done this withou
t the federal (stimulus) money,’ she said. ‘
The county executive has asked us tocome up with more cost e
ffective solutions for transit.’”
(Laurel Walker, “Waukesha Transit Pool Program Stalls,” 
,10/4/11)
 
DESPITE RED FLAGS, STIMULUS MONEY WAS SPENT ON A TRUCK STOP INTENNESSEE WHICH IS NOW BANKRUPT
Tennessee Truck Stop That Received $424,000 In Stimulus Money To Install Electric BatteryChargers Has Gone Bankrupt.
“In July, Tennessee’s transportation commissioner applauded theopening of the state’s first truck 
- stop electrification terminal at TR Auto Truck Plaza in Dandridge, aproject taxpayers paid for with a $424,000 federal stimulus fund grant. Thursday, the shiny new
 
equipment languished uselessly as U.S. Bank took possession of the bankrupt business after an auction at the Jefferson County Courthouse failed to soli
cit a single bid.”
 
(Barndon Gee, “E. Tenn. Truck Stop Got Stimulus Money DespiteBankruptcy,” 
,10/3/11)
 
The Stimulus Grants Were Approved “Despite Many Red Flags.”
 
“The Environmental Protection
Agency and the Tennessee Department of Transportation approved the stimulus grant to Mountain Plaza
Inc., the truck stop’s owner, despite many red flags. The company, whose creditors included the state and
federal governments, filed for bankruptcy protection in the middle of the process. A review of public
records shows evidence of the company and its owner’s past and present financial troubles was readilyavailable.”
(Barndon Gee, “E. Tenn. Truck Stop Got Stimulus Money Despite Bankruptcy,” 
,10/3/11)
 
“The Truck Stop’s Collapse Further Illustrates
Flaws In The Way Stimulus Projects Were
Evaluated That Extended To The State Level.”
 
“While not as spectacular a flop as Solyndra
theCalifornia solar panel manufacturer that filed for bankruptcy last month after receiving a $535 millionguarantee from the federal government 
 
the truck stop’s collapse further illustrates flaws in the waystimulus projects were evaluated that extended to the state level.”
(Barndon Gee, “E. Tenn. Truck Stop Got Stimulus MoneyDespite Bankruptcy,” 
,10/3/11)
 
BILLIONS OF STIMULUS DOLLARS WERE SPENT ON A GREEN JOBS PROGRAMWHICH HAS FAILED TO CREATE JOBS
Obama’s $38 Billion Green Energy Stimulus Program Only Has A Few Thousand Jobs To Show For
It.
 
“A $38.6 billion loan guarantee program that the Obama administration promised would create or save
65,000 jobs has created just a few thousand jobs two years after it began, government records show. Theprogram
designed to jump-
start the nation’s clean
technology industry by giving energy companiesaccess to low-cost, government-backed loans
has directly created 3,545 new, permanent jobs after
giving out almost half the allocated amount, according to Energy Department tallies.”
(Carol D. Leonnig and Steven
Mufson, “Obama Green
-
Tech Program That Backed Solyndra Struggles To Create Jobs,” 
 
,9/14/11)
Labor Department Program To Train Workers For Green Jobs Will Not Meet Its Goal.
“A $500
million Labor Department program designed to train workers for green jobs has come up far short of itsgoals, with only 10 perce
nt of participants finding work so far, the agency’s assistant inspector general
has found. The report said the low rate makes it unlikely the program will meet the goal of placing nearly80,000 workers in careers in energy efficiency or renewable energy b
y 2013.”
 
(“Report Finds Labor Department’sGreen Jobs Program Fallng Far Short Of Its Goals,” 
,10/3/11)
 
 
“‘Grantees Have Expressed Concerns That Jobs Have Not Materialized And That JobPlacements Have Been Fewer Than Expected For This Point In The Grant Program,’ Said
The Report From Assistant Inspector General Elliott Lewi
s.”
 
(“Report Finds Labor Department’s Green JobsProgram Fallng Far Short Of Its Goals,” 
,10/3/11)
 
“‘At This Point, There Is No Evidence That Grantees Will Effectively Use The Funds AndDeliver Targeted Employment Outcomes By The End Of The Grant Periods,’ The Report Said.”
 
(“Report Finds Labor Department’s Green Jobs Program Fallng Far Short Of Its Goals,” 
,10/3/11)
 
“The Green Economy Is
Not Proving To Be The Job-Creation Engine That Many Politicians
Envisioned.”
 
“In the Bay Area as in much of the country, the green economy is not proving to be the job
-creation engine that many politicians envisioned. President Obama once pledged to create five milliongreen jobs over 10 years. Gov. Jerry Brown promised 500,000 clean-technology jobs statewide by the end
of the decade. But the results so far suggest such numbers are a pipe dream.”
 
(Aaron Glantz, “Number Of Green Jobs
Fails To Live Up To Pro
mises,” 
,8/18/11)
 At This Rate, The “Greening” Of The Economy Equates To Just 17 Jobs Per $1 Million Spent.
“‘If youtook the government’s stimulus program on green activities, you get 17 jobs more or less per $1 millionof expenditure,’ said economist Robert Pollin of the University of Massachuset 
ts Amherst, whom the

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->