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  • June 2013
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BTOP Program Overbuilds Fiber in Colorado

On February 7, 2013, KUSA-Channel 9 News in Denver, Colorado investigated issues related to the administration of a Broadband Technology Opportunities Program (BTOP) grant within the state of Colorado, which is reportedly using the funding to build new fiber optic lines alongside those already in existence in direct competition with local telecommunication providers.  In 2009, Congress passed the [...]

Public/Private Fight Goes Viral

In the past week, following the publication of my May 22 Washington Times op-ed, where I pointed out that “The result of the ‘investment’ made by ‘Obama Capital,’ which has used hundreds of billions of dollars of the taxpayers’ money to ‘create jobs,’ has been a persistent 8 percent unemployment rate and annual trillion dollar-plus [...]

All Equity is not Equal

Marc Theissen’s op-ed in today’s Washington Post is a great addition to the growing response to President Obama’s attacks on Bain Capital.  He makes the case in a clear, concise and factual manner. The title of Marc’s op-ed is a perfect description of its contents:  “Forget Bain — Obama’s public-equity record is the real scandal.”  He describes outlandish [...]

Green Goblins At the Energy Department Wreak Havoc

It has clearly not been a good year for Energy Secretary Stephen Chu.  The $500 million Solyndra scandal attracted a slew of scorching media stories; the more light that is shed on that story, the uglier it gets. The Obama administration must be doing some sort of polling on the subject and getting alarming results because, after initially shrugging [...]

Solyndra is a Scorcher; the Energy Department’s Loan Guarantee Program Really Scalds Taxpayers

It’s a shame that the Obama administration didn’t pay as much attention to the details of Solyndra’s business plans and financial liabilities as it did to the details of the President’s photo op at the company’s facility on May 26, 2010.  But, given the rampant mismanagement and weaknesses associated with the Energy Department’s whole loan [...]

Biden is Dim Sum, Alright….

According to Reuters, Vice President Joe Biden told the Chinese that they were the center of our national affairs.  Apparently, when he met China’s vice president Xi Jinping on Thursday, Xi said “Good to see you again,” Xi said. “I know you are very busy with national affairs at home.”  Clever Biden retorted ”You ARE national [...]

Barack’s Bizarro World

It’s a tough call; is it more dangerous for taxpayers when the President fails to deliver any realistic roadmap to help lead the country out of the current fiscal crisis (while simultaneously deriding any plans offered by others and whining about his unbelievably bad luck).  Or, should taxpayers run for the hills when he deigns to pry his attention away [...]

What Are They Smokin’ Up There?

On June 21, the Congressional Budget Office released its annual report on the long-term outlook for federal government finances.  The news was not good.  For starters, CBO gives this helpful context: just three years ago, in fiscal year 2008, federal debt held by the public totaled about 40 percent, just above the historical average.  At [...]

June GAO Roundup

Here is a quick synopsis of some of the GAO’s most interesting work in the last few weeks:  U.S. Postal Service, June 15:  The GAO writes, “USPS urgently needs to restructure its networks and operations as its financial condition and outlook are reaching a crisis. USPS has been experiencing billion-dollar losses and cash shortfalls over [...]

Obama’s Economic Policies are Failing

On June 3, the Bureau of Labor Statistics (BLS) released its Employment Situation Summary for May, announcing that the unemployment rate increased from 9 to 9.1 percent.  The economy added a total of just 54,000 jobs, well below prevailing expectations and falling well short of the minimum 125,000 jobs that experts say must be added [...]