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"
As President Obama travels around the country at taxpayer expense to peddle his newest stimulus proposal, his Council of Economic Advisors has yet to release its 8th Quarterly Report on Obama’s first stimulus — you know, the one that cost a cool $787,000,000,000.00. Perhaps this is just a coincidence.
Senate Majority Leader Harry Reid (D-Nev.) will be moving forward this week on a piece of President Obama's failed jobs bill--a $35 billion provision of state aid for education and first responders. But Reid told reporters today that some of the education money may not go to actually saving the jobs of teachers.
ABC News reports that during an interview with David Muir yesterday concerning President Obama’s $447 billion jobs bill, “Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said” — mysteriously —“the pricetag is the wrong way to measure the bill’s worth.”
Even as problems grow for Solyndra, the solar energy manufacturing firm that got a hefty stimulus-backed loan before going bankrupt earlier this month, the Department of Energy continues to issue large loans to companies.
Two big stories are out tonight on the blossoming scandal involving failed solar panel company and stimulus funds recipient Solyndra. First, the Washington Post reports that the White House pressured the Office of Management and Budget (OMB) to speed up the approval process for Solyndra's $535 million loan:
On CNBC this morning, Paul Ryan discussed President Obama's stimulus speech and explained the problem with most of Obama's proposed tax cuts: They're temporary.
"The payroll tax cut that, to me, is not a bad idea. It's always good to let people keep more of their own money," Ryan said. "But it's no substitute for fundamental tax reform--for certainty. It's temporary stuff."
In a speech to a joint session of Congress this evening, President Obama introduced a $450 billion stimulus proposal plan he claimed would get Americans back to work. "There should be nothing controversial about this piece of legislation. Everything in here is the kind of proposal that’s been supported by both Democrats and Republicans – including many who sit here tonight. And everything in this bill will be paid for. Everything."