7:36 AM, May 10, 2013 • By DANIEL HALPER
Vice President Joe Biden says that of first term accomplishments, he's "proudest" of the stimulus. He made the comment in an interview to Rolling Stone magazine.
"The thing I'm proudest of that we were able to get done in the first term was the Recovery Act," said Biden. The "Recovery Act" is also known as the stimulus.
The vice president went on to say that he's particularly proud of the "clean-energy programs" that were part of the the stimulus. "It had $90 billion in clean-energy programs. We had a lot of money going into research and development, and also tax credits for wind and solar energy. Republicans say to me, 'That's not government's role,' and I say, 'Why in the devil do you think we have the investment tax credit you guys get for drilling for oil? How did that start?' The reason it started was six, seven decades ago, we didn't have the technology to know how many dry wells you had to dig before you hit a gusher, so we rewarded people for going out and exploring. We still spend $4 billion a year on that – and they don't even need it anymore. And yet they fight us on renewable-energy tax credits."
Biden kept on talking about what he is doing to fight for the climate:
In terms of conservation, we've doubled the fuel-economy standards, which is going to save hundreds of millions of barrels of oil and about $1.7 trillion over time – without, basically, any Republican support. In the meantime, also, there has been at least a near-term boom in terms of natural gas. Theoretically, it would be nice not to have any carbon fuels. But natural gas is a hell of a lot less polluting. So in this budget, we're continuing to push for the transition from coal-fired plants to natural-gas electric plants. If you moved the trucking fleet in this nation to natural-gas-run vehicles, you'd save hundreds of millions of dollars and cut greenhouse-gas emissions. And you'd reduce our dependence on foreign oil.
But it's been hard to get our arms around, with this Congress, what you know you should be doing. You should be attacking the carbon emissions, period, and whether it's cap-and-trade or carbon tax or whatever, that's the realm in which we should be playing. In the meantime, the president is going to use his executive authority to, essentially, clean up the bad stuff, encourage the good stuff and promote private industry moving in that direction. If we had a different Congress, I think you'd see a more aggressive emissions legislation.
7:01 AM, Apr 4, 2013 • By DANIEL HALPER
The details of a stimulus grant awarded to Indiana University to study condom use have now been released on a government website. The study, titled "Barriers to Correct Condom Use," is now completed, according to the website, and the university received $423,500 of stimulus funds to perform the study.
10:41 AM, Jan 26, 2013 • By JEFFREY H. ANDERSON
Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately? In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved. Even in Washington, that’s not considered good bang for the buck.
"They still have nothing to do."8:02 AM, Oct 19, 2012 • By DANIEL HALPER
The NBC affiliate in Grand Rapids filed this report on the stimulus-receiving battery company, LG Chem:
9:29 AM, Jul 18, 2012 • By DANIEL HALPER
In an interview at a CNBC conference, Treasury Secretary Timothy Geithner blamed Europe for America's economic slowdown.
"The economy is definitely slower, Geithner said to host Larry Kudlow, according to a rush transcript. "Lower than it was the end of last year. Why is it slower? It's slower mostly because of the trauma from Europe, the after effects of the rise in oil prices earlier this year, and because government spending is actually falling now quite significantly. Those three things are a pretty significant drag on a recovery."
2:35 PM, Apr 20, 2012 • By JEFFREY H. ANDERSON
Yesterday, Jay Cost discussed President Obama’s problem with independents, noting that Obama started to lose independents by the truckload when the debate over Obamacare heated up and “has never won [them] back.” Today, a new Quinnipiac poll further highlights the extent of the trouble that Obama faces in this regard.
1:01 PM, Apr 5, 2012 • By DANIEL HALPER
Former White House economic adviser Jared Bernstein gave some advice on running "clean energy" firms in Las Vegas today and admitted that these sorts of ventures don't actually create many jobs.
12:06 PM, Nov 15, 2011 • By DANIEL HALPER
The Washington Post reports on newly released emails that reveal "the Obama administration urged officers of the struggling solar company Solyndra to postpone announcing planned layoffs until after the November 2010 midterm elections"