Showing posts with label jobs bill. Show all posts
Showing posts with label jobs bill. Show all posts

October 12, 2011

Obama: Don't split up my bill

Obama: Don't split up my bill. Wait, it's okay to split up my bill.

The Democrat controlled Senate did not pass the President's jobs bill.  Why?  It simply was a bad bill.  The president had insisted the bill be passed without changes.  He wanted to blame a do nothing Congress if it did fail to pass, for the problems the country faced.

But since the democrat controlled Senate didn't pass it, he's going to break it into pieces and try to pass as many pieces as possible, and hopefully for him (politically), most of them don't pass and he can still blame Congress for not caring about high unemployment.  That's how he plans to run his re-election campaign.  Color many people unimpressed.

September 12, 2011

The no-due-diligence presidency

Here are a couple of quick anecdotal examples of why this is the no-due-diligence presidency.

  1. Obamacare and as Nancy Pelosi pointed out - we have to pass it to see what's in it.
  2. During the BP oil spill the President claimed to be on top of the situation but blamed the disaster entirely on BP. This despite the fact that his slow response and clearly not knowing all the facts indicated that there wasn't much due diligence coming out of the White House and it seemed entirely befuddled.  Angry, but befuddled.
  3. His last address to the joint session of Congress demanding they pass the bill - that he still hasn't fully released (see item #1 for a historical comparison).
  4. The $0.5 billion loan to Solyndra to make solar panels a year before the company declared bankruptcy, when the GAO had concerns about this sort of lending;
Plenty of venture capitalists made foolish bets on Solyndra, but the federal government was the most reckless. The Obama administration wanted to throw money at the likes of Solyndra without due diligence, or much diligence at all. In 2008, the Government Accountability Office warned that the Energy Department loan program — created in a 2005 energy bill — had inadequate safeguards.
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