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SENADORES DEMOCRATAS REPUDIAN OTRA VEZ PRESUPUESTO DE OBAMA

BREAKING: Democrat-Held Senate Rejects Obama's Horrific Budget, 99-0

By Guy Benson 5/16/2012

 

For the second consecutive year, the Democrat-controlled United States Senate has unanimously rejected President Obama's 2013 budget.  The final vote was 99-0, making the the running two-year tally 196-0.  This move follows the House of Representatives' 414-0 rebuke of the same fiscal blueprint earlier this year.  Astonishingly, not a single Senate Democrat has voted in favor of any budget for three years, even as they refuse to offer a plan of their own.  Democrats have claimed that three fig leaves mitigate this embarrassing spectacle:

(1) "The Senate has already passed a budget!" False. The Senate has not passed a budget.  It "deemed" itself a budget as part of a separate piece of legislation over the summer.  That law did not address tax policy, entitlement programs, and a slew of other items that a real budget entails.  Harry Reid's hand-picked Senate Parliamentarian has confirmed Republicans' contention that the Senate has not fulfilled its basic budgetary obligations.  This is the 1,113th day in a row that this has been the case.

(2) "Republican obstructionism!" False.  Budgets explicitly cannot be filibustered.  If Democrats introduced a budget, whipped their members, and called a vote, it would pass.  Simple as that.  Republicans couldn't do a thing to stop it.  But that would require Democrats to put their long-term plans on paper, which they've been avoiding like the plague for entirely political reasons.

(3) "This vote is a gimmick!" If Democrats want to label an up-or-down vote on a Democratic president's budget a "gimmick," they're welcome to do so.  In some ways, it's an appropriate description, given the pitiful gimmicks upon which Obama's budget relies -- even to achieve the fraudulent "savings" it claims.  Had it not been defeated by Congress 513-0, Obama's budget would have added $11 Trillion to the gross national debt.  It would literally never balance.

The Senate will now move on to vote on four separate Republican-proposed budgets, including the House-passed version.  They will all receive more votes than President Obama's brainchild, but none is expected to pass.  Stay tuned for updates...

UPDATE - The Senate has defeated the House-passed Ryan budget, 41-58.  I counted five Republicans joining Democrats in voting it down, at least one of whom voted no because it doesn't go far enough.  Democrats voted in lockstep against this budget, as they have on every proposed budget for the last three years.  Head-to-head tally: Paul Ryan 41 - Barack Obama 0

UPDATE II - The Senate has defeated Senator Pat Toomey's (R-PA) budget resolution, 42-57.  This is the seventh consecutive proposed Senate budget that has failed to attract even one Democrat vote.

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Re: SENADORES DEMOCRATAS REPUDIAN OTRA VEZ PRESUPUESTO DE OB

:copa:

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Re: SENADORES DEMOCRATAS REPUDIAN OTRA VEZ PRESUPUESTO DE OB

        

       

  
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Re: SENADORES DEMOCRATAS REPUDIAN OTRA VEZ PRESUPUESTO DE OB

Forget Bain — Obama’s  public-equity  record is the real scandal
Washington Post May 24 2012
 


Despite a growing backlash from his fellow  Democrats,  President Obama has doubled down on his attacks on Mitt  Romney’s tenure at Bain  Capital. But the strategy could backfire in ways  Obama did not anticipate. After all, if Romney’s record in private  equity is fair game, then so is  Obama’s record in public equity — and that record is not  pretty.

Since taking office, Obama  has  invested billions of taxpayer dollars in private businesses, including  as part  of his stimulus spending bill. Many of those investments have  turned out to be  unmitigated disasters — leaving in their wake  bankruptcies, layoffs, criminal  investigations and taxpayers on the hook  for billions. Consider just a few  examples of Obama’s public equity  failures:

● Raser Technologies. In 2010, the Obama administration  gave  Raser a $33 million taxpayer-funded grant to build a power plant in  Beaver  Creek, Utah. According to WSJ, after burning through our tax  dollars, the  company filed for bankruptcy protection in 2012. The plant  now has fewer than 10  employees, and Raser owes $1.5 million in back  taxes.

● ECOtality. The Obama administration gave ECOtality  $126.2  million in taxpayer money in 2009 for, among other things, the  installation of  14,000 electric car chargers in five states. Obama even  hosted the company’s  president, Don Karner, in the first lady's box during  the 2010 State of the  Union address as an example of a stimulus success  story. According to ECOtality’s own SEC filings, the company  has  since incurred more than $45 million in losses and has told the  federal  government, “We may not achieve or sustain profitability on a  quarterly or  annual basis in the future.”

Worse, according to CBS News the company is “under investigation for insider trading,” and  Karner has been subpoenaed “for any and all documentation surrounding  the public  announcement of the first Department of Energy grant to the  company.”

● Nevada Geothermal Power (NGP). The Obama administration  gave  NGP a $98.s5 million taxpayer loan guarantee in 2010.  NYT  reported last October that the company is in “financial turmoil” and that “[a]fter a series of technical missteps that are draining Nevada   Geothermal’s cash reserves, its own auditor concluded in a filing released  last  week that there was ‘significant doubt about the company’s ability to  continue  as a going concern.’ ”

● First Solar. The Obama administration provided First  Solar  with more than$3 billion in loan guarantees for power plants in  Arizona and  California. According to a Bloomberg Businessweek report   last week, the  company “fell to a record low in Nasdaq Stock Market  trading May 4 after  reporting $401 million in restructuring costs tied to  firing 30 percent of its  workforce.”

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Re: SENADORES DEMOCRATAS REPUDIAN OTRA VEZ PRESUPUESTO DE OB

PART 2



● Abound Solar, Inc. The Obama administration gave Abound Solar a $400 million loan guarantee  to  build photovoltaic panel factories. According to Forbes, in February the  company  halted production and laid off 180 employees.

● Beacon Power. The Obama administration gave Beacon — a   green-energy storage company — a $43 million loan guarantee. According to CBS News, at the time of  the  loan, “Standard and Poor’s had confidentially given the project a  dismal outlook  of ‘CCC-plus.’ ” In the fall of 2011, Beacon received a delisting notice from Nasdaq  and  filed for bankruptcy.

This is just the tip of the iceberg. A company called SunPower got a $1.2 billion loan  guarantee  from the Obama administration, and as of January, the company  owed more than it  was worth. Brightsource got a $1.6 billion loan guarantee and posted  a  string of net losses totaling $177 million. And, of course, let’s not  forget  Solyndra — the solar panel manufacturer that received $535 million  in  taxpayer-funded loan guarantees and went bankrupt, leaving taxpayers on  the  hook.

Amazingly, Obama has declared that all the projects  received  funding “based solely on their merits.” But as  Hoover  Institution scholar Peter Schweizer reported in his book, “Throw Them All Out,” fully 71 percent of  the  Obama Energy Department’s grants and loans went to “individuals who  were  bundlers, members of Obama’s National Finance Committee, or large  donors to the  Democratic Party.” Collectively, these Obama cronies raised  $457,834 for his  campaign, and they were in turn approved for grants or  loans of nearly $11.35  billion. Obama said this week it’s not the  president’s job “to make a lot of  money for investors.” Well, he sure  seems to have made a lot of (taxpayer) money  for investors in his  political machine.

All that cronyism and corruption is catching up  with  the administration. According to Politico, “The Energy   Department’s inspector general has launched more than 100 criminal   investigations” related to the department’s green-energy   programs.

Now the man who made Solyndra  a  household name says Mitt Romney’s record at Bain Capital “is what this  campaign  is going to be about.” Good luck with that, Mr. President. If  Obama wants to  attack Romney’s alleged private equity failures as chief  executive of Bain, he’d  better be ready to defend his own massive public  equity failures as chief  executive of the United  States.