Obamanomics « Frugal Café Blog Zone

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Another Obama Taxpayer-Funded Company Going Belly Up: LightSquared Files for Bankruptcy Protection After Getting Shady $267 Million Loan in Stimulus Money (video)

| May 15, 2012

  LightSquared, recipient of a shady, fast-track $267 million loan from Team Obama using taxpayer-funded stimulus money, has filed for bankruptcy. This past fall, the White House repeatedly stonewalled on sharing the loan documents with members of Congress, to the point that Sen. Charles Grassley threatened to block Pres. Obama’s FCC nominees until the documents [...]

Quarter of a Million Unemployed Americans Losing Benefits… Thank You, Mr. President

| May 14, 2012

  Whatever will our “first gay president” do about this grim news about nearly a quarter of a million unemployed American workers losing their unemployment benefits? Reported by The Hill, Report says 230,000 unemployed losing benefits over weekend: More than 230,000 unemployed workers will lose their jobless benefits this weekend as portions of federal programs [...]

Hype, Blame, & Memory Loss: POTUS Obama Is Disconnected, Says He Sometimes Forgets the Recession (video)

| May 13, 2012

  This week, Pres. Obama admitted, while at a posh Hollywood fundraiser at actor George Clooney’s mansion, that he sometimes forgets the magnitude of the recession in America. Stunning disconnect. Per polls, 76 percent of Americans believe the country is still in a recession. An even larger number, 81 percent, are dissatisfied with the economy. [...]

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