Marxist-in-Chief wasted Millions

Marxist-in-Chief wasted Millions of Taxpayer money…

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Photo Credit: Miss Moneypenny, Click to enlarge

Marxist-in-Chief wasted Millions of Taxpayer money…

Green Energy D.O.E. Grant/ Loan Bankrupt Political Contributions
Solar Trust of America $2.1 billion Apr 2, 2012
costing u.s. $0
$890,000
Solyndra $535 million Sep 6, 2011
costing u.s.
$385 million
$1,500 Obama
$1.42 million Lobbying
Abound Solar $400 million June 28, 2012
costing u.s. $40 to 60 million
$80,000 Lobbying
$172,800 Obama
Ener 1 $118.5 million Jan 26, 2012
costing u.s.
$55 million
?
Beacon Power $43 million Loan
$25 million Grant
Oct 30, 2011
costing u.s.
$8.5 million
$500 Obama
$55,400 Obama
AES Energy Storage LLC $17.1 million Dec 31, 2011
costing u.s.
$17.1 million
?
Amonix Solar $15.6 million Jul 18, 2012
costing u.s.
$15.6 million
$7,100 PAC
$700,000 Obama
SpectraWatt: $500,000 Aug 19, 2011 ?
Totals $3.25 billion $532 million $3.32 million + ?

In addition, three more Solar Scandals could be brewing from corporations who received Stimulus Subsidies from Obama’s D.O.E.

After receiving a $3 billion loan guarantee, First Solar was “the biggest S&P 500 loser in 2011.” First Solar furloughed half of the 240-person workforce at its Antelope Valley Solar Ranch One (AVSR1) power plant on May 30, 2012. First Solar was was an early investment of Goldman Sachs who gave more than $1 million dollars to Obama’s 2008 campaign.

Brightsourcee received a $1.6 billion loan guarantee and posted a string of net losses totaling $177 million.

SunPower received a $1.23 billion loan guarantee and owes more than it was worth as of January 2012.

The Marxist philosophy of wealth redistribution has never worked.

According to Peter Schweizer, 80% of DOE Green Energy Loans Went to Obama Backers…

$16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.” – Peter Schweizer, ‘Throw Them All Out

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” — Winston Churchill 

Obamageddon: Obama’s Economic Record…
Jan 20, 2009 Sep 11, 2012 Change
Unemployed 12 million 12.8 million (Jul) +6.66%
Unemployment Rate 7.8% 8.3% (Jul) +6.4%
Federal Debt $10.6 trillion $16.048 trillion +51.4%
Debt per person $34,694 $50,967 +46.9%
Debt Burden on the Economy 75.2% 101.5% +35%
Consumer Price Index 211.1 229.5 +8.7%
Misery Index 7.8 9.7 (Jul) +24%
Americans in Poverty 43.6 million 49.1 million (2010) +12.6%
Food Stamp Recepients 32 million 46.5 million (May) +45.3%
Worker Health Insurance Costs $4,192 $8,008 (2011) +91%
College Tuition $5,976 $6,941 est. +16%
Home Values $185,000 $151,600 (Jul) -18%
Gas Prices $1.84 $3.86 +209.8%
Oil Prices $46.47 $96.42 +207.5%
U.S. Global Competiveness 2nd 7th -5 places

1. Median Household Income has declined by 7.3% percent from January 2009 ($54,983) to June 2012 ($50,964)

2. According to the Federal Reserve, the median net worth of families plunged by 39 percent in three years, from $126,400 in 2007 to $77,300 in 2010

3. According to the Federal Reserve, the percentage of families with no or negative wealth increased to 32.5 percent in 2010 – up from 19.2 percent in 2007.

4. According to the Pew Research Center, the middle income class has shrunk to 51 percent in 2011 from 61 percent in 1971.

5. According to the Pew Research Center, the median Net Worth of the Middle Class plummeted 39% from $152,950 in 2007 to $93,150 in 2010.

6. According to the Pew Research Center, middle income class share of U.S. income shrunk to 45 percent in 2010 from 62 percent in 1970.

7. The unemployment rate in the United States has been above 8 percent for 43 straight months from Feb 2009 to Aug 2012.

8. Long-term Unemployed Americans (jobless for 27 weeks or more) has risen by 92 percent from 2.6 million (Jan 20, 2009) to 5 million (Aug 2012)

9. The average duration of unemployment is 39.2 weeks (Aug 2012), a 96 percent increase from strong>20 weeks when Obama took office.

10. The percentage of working age Americans with a job has been below 59 percent for 36 straight months

11. According to the National Employment Law Project, 58 percent of the new jobs created have been low paying jobs.

12. According to the Center for Economic and Policy Research, only 24.6 percent of all of the jobs are “good jobs.”

13. In 2011, 53 percent of college graduates under the age of 25 were either unemployed or underemployed last year.

14. The number of jobs created by new businesses decreased by approximately 1 million from 2008 to 2010.

15. One out of every four workers earn less than $10 per hour in the ‘Recovery’ from the Great Recession.

16. Due to the Great Recession, the average pay for self-employed people has fallen 8 percent from $46724 in 2006 to $43,003 in 2010.

17. In the past decade, insurance premiums have increased three times as fast as wages.

18. Worker Health insurance contributions have risen by 17.5 percent from 3,515 family coveragein 2009 to $4,129 family coverage in 2011.

19. From 2001 to 2010, America has lost 15 manufacturing facilities every day on average. In 2010, an average of 23 manufacturing facilities every day closed every day.

20. According to Harvard Univesity’s State of the Nation’s Housing 2012 Study, 20.2 million American households spent more than half of their incomes on housing in 2010, a 12.8 percent increase from 2007 (17.9 million American households)

21. Since 2009, the cost of Household electricity skyrocketed by $300 in one year to $1419 in 2010. Electric rates have increased above the inflation rate for five consecutive years.

22. Home Values have fallen 18 percent. See Obama’s Economic Record Chart above for links…

Romney’s Record as Governor of Massachusetts…

1. State Mandated Healthcare (RombamaCare)
2. First Governor to unconstitutionally institute Gay Marriage
3. Romney supported homosexual and transgendered education in public schools
4. Romney supported abortion with taxpayer funding
5. Fee Fee Romney increased Fees to support Big Government Spending
6. Romney Increased State spending 20.7% ($22.848 billion to $27.588 billion)
7. Government employment grew 7.2% during Romney’s tenure.
8. Romney’s net job growth of 1.4 percent was far below the growth of the national average at 5.3 percent.
9. Romney supports amnesty for illegal immigrants

Romney’s Economic Record…
Jan, 2003 Jan, 2007 Change
Unemployed 192,914 159,101 -17.5%
Unemployment Rate 5.6% 4.6% -17.9% (1)
State Debt $16 billion (Jan. 1, 2003 – A22) $18.7 billion (Oct. 1, 2006 – A24) +16.9%
Debt per person $7,551 $10,612 +40.5%

(1) Massachusetts ranked 47th in job growth during Romney’s entire term. Romney took office during an economic upswing yet, Massachusetts’ net job growth of 1.4 percent was far below the growth of the national average at 5.3 percent.

In his first year as Governor, Romney increased the Gas Tax by 400% to raise taxes by $60 million per year.

Fee Fee Romney increased fees and taxes to the taxed tune of $740.5 million.

The father of RombamaCare has increased private insurance costs by $4.3 billion, increased federal spending by $2.4 billion on Medicaid, and Romneycare is estimated to cost $2 billion more than was budgeted over 10 years.

For Music Monday, Obama Nation‪ – ‬Ray Stevens‪

*For your reading and laughing pleasure, you may also like these related posts…

Footnotes:

(1) Related Tweets to Marxist-in-Chief wasted Millions:

twitter

Point out how your subsidies for Green Energy were a Success.

6:20 PM Oct 16, 2012

Marxist-in-Chief wasted Millions is Vote Smart Political Satire by Miss Moneypenny aka Debbie Dolphin

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Miss Moneypenny reporting for the Undercover Times

About Miss Moneypenny

Contrarian Comedienne who creates Photoshop Political Satire and comedy.

Posted on November 1, 2012, in Campaign Comedy, Political News, Political Satire, Vote Smart and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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