President Obama attended a Democratic fund raising event in Weston, Massachusetts Wednesday night at the home of Alan and Susan Solomont. Among the 60 attendees were a number of high-profile Democrats, according to the Boston Globe:
Among those expected to attend are House Minority Leader Nancy Pelosi; Governor Deval Patrick; Ken Burns, the director of acclaimed documentaries; Representative Steve Israel, who is chairman of the Democratic Congressional Campaign Committee; Swanee Hunt, former US ambassador to Austria; and retired US Navy admiral James Stavridis.
Also expected are several members of congress, including John Tierney, of Salem; Niki Tsongas, of Lowell; and David Cicilline, of Rhode Island. Former congressman Barney Frank is also planning to attend, according to a DCCC aide.
In his speech, the president blasted Republicans for further lowering Washington's image among voters by continuing obstructionism despite the Newtown shootings and Boston Marathon bombing that should have produced a "new spirit in Congress of people pulling together." He also made some interesting remarks about the economy the United States finds itself a part of in the world today [emphasis added]:
We know that we are entering into an extraordinarily promising but also challenging time in this country. International competition is fierce. We have an economy that's never been more productive or more innovative. But what we've also seen is an economy that produces a winner-take-all situation and folks like those in this room who are doing very well, there are a whole bunch of folks out there who are struggling. You’ve got a middle class that is anxious about whether their children will be able to replicate their success. There are questions as to whether, if you work hard in this country, you can still make it.
The Globe also noted that the fund raiser "ticket prices ranged from $16,200 per person to $64,800 per couple. The DCCC would not say how much Obama expected to raise in total."
It seems that not all outsourcing is equal ... or something like that. Take, for instance, the building of an automobile known as the Fisker. This is the car that teen-throb Justin Bieber was driving when busted for speeding not so long ago. The Fisker is a set of wheels that appeals to socially conscious one-percenters. An electric sports car that tops out at well over 100 mph, the speed at which a cop said Bieber was traveling, even though the citation read a mere 80 mph. The car retails for over $100k but buyers get a $7,500 tax rebate, which certainly must have incentivized Bieber to buy his Fisker. Also Leonardo DiCaprio, another Fisker owner.
At a campaign event in Pennsylvania, Republican presidential candidate Mitt Romney said that "Liberal policies don't make good jobs," before critiquing Obamacare, overbearing regulations, slow job growth, and a slew of other Obama policies. Romney also focused on crony capitalism in the Obama administration and said he's "ashamed" of this practice.
Mitt Romney's latest web ad targets President Obama's inability to create jobs, the failures of the Department of Energy's loan guarantee program, and "contracts steered to ‘friends & family.'" Watch here:
The crony capitalism represented by the failed “green energy” firm Solyndra has gotten a lot of media attention lately, but much lower on the public’s radar is a much bigger example of corporate pork over at the national space agency—and it’s bipartisan. Let’s call it Shuttlyndra.
Here’s how it works.
A little over a year ago, Congress approved a NASA authorization bill that mandated the agency to spend billions in taxpayer dollars over the next few years on a congressionally specified giant rocket with no defined mission and no budgets with which to build payloads for it.
Earlier this week it was reported that the White House considered a last-minute taxpayer bailout of Solyndra, the failed solar panel maker that received a $529 million loan guarantee. One of the more interesting aspects of that deal—which would have had taxpayers purchasing as much as 40 percent of the company—was that it was allegedly recommended by Wall Street firm Lazard Ltd. According to the Associated Press:
Well, now we know the reason for the Friday night news dump. When the Obama administration finally announced that they would be launching an independent review of Department of Energy loan guarantees, they were likely trying to get out ahead of this: