Oh, look another of Obama’s pets barfed up on the taxpayer’s carpet…
Despite glowing press clippings in which the CEO of Colorado-based Abound Solar claimed seven months ago that his company was the “anti-Solyndra,” the green-energy firm has filed for chapter 7 bankruptcy liquidation. It is terminating all 125 workers at its Loveland, Colo. headquarters, and is blaming China for its failure.
The U.S. Department of Energy awarded Abound Solar a $400 million loan guarantee in December 2010, funds that the then-three-year-old startup said it would use to compete with solar panel industry leader First Solar.
The company had tapped into about $70 million of those funds by August 2011 when the DOE unplugged it from the taxpayers’ cash stream, around the same time the more famous Solyndra went bankrupt. That company ate through $535 million in loans guaranteed by the federal government before it failed. (DC)
And, of course, it’s someone else’s fault! Hint: China
What a shocker!
And An “The economy is fine” Update:
A record of 8,733,461 workers took federal disability insurance payments in June 2012, according to the Social Security Administration
It also exceeds the entire population of New York City, which according to the Census Bureau’s latest estimate hit 8,244,910 in July 2011.
There has been a dramatic shrinkage in the United States over the past 20 years in the number of workers actually employed and earning paychecks per worker who is not employed and is taking federal disability insurance payments.
In June 1992, according to the Bureau of Labor Statistics, there were 118,419,000 people employed in the United States, and, according to the Social Security Administration , there were 3,334,333 workers taking federal disability payments. That equaled about 1 person taking disability payments for each 35.5 people actually working.
The federal disability payments made to the record 8,733,461 workers in June averaged $1,111.42. (KFYI)
So Let’s SPEND EVEN MORE!🙂
One of the better paragraph’s about Post Traumatic Roberts Syndrome:
That is the kind of sophistry we expect from liberals. The left sees the law as a tool of social justice — so they start with the desired outcome and then come up with legal reasoning to justify it. That is what Roberts did last week. He decided he wanted to uphold Obamacare and rewrote the statute to fit that outcome. (Hot air)
Then There is:
“Bush v. Gore is an example of a decision the left didn’t respect in part because they thought it was political motivated,” said Randy Barnett, a Georgetown University law professor who worked with the National Federation of Independent Business on its case against the law. “What the left says of Bush v. Gore, I think is true of this decision.”…
“He’s an umpire that seemed worried that people from the stands would be hollering at him,” said Chapman University law professor John Eastman. (hot air)
It’s not a Tax (even if the Supreme Court said so): Nancy Pelosi:” It’s a penalty that comes under the tax code for the 1%, perhaps of the population who may decide that they’re gonna be free riders…” So the 30 Million uninsured that this was allegedly for are now 1%ers?? Now that’s hilarious…Orwell would be proud you.
So, like every time a liberal gets caught with their hand in the cookie jar, “it’s nothing”, “lets just move on, etc…” Dismissive is the liberal attempt to minimize their poo all over you.
Here’s a fun new twist, but I know it won’t go anywhere:
Namely, doesn’t Article I, section 7 of the Constitution say that all bills that raise revenue must originate in the House? And didn’t ObamaCare pass the Senate before it passed the House? And doesn’t that in turn mean that our nifty new health care “tax” was passed according to unconstitutional procedures? (Hot air)
According to the United States Constitution, all tax bills must originate in the House of Representatives. This law originated in the Senate, because at the time the Democrats were selling it as a purchase – not a tax. Since the Supreme Court has ruled that the law is indeed based on a tax increase, it would have had to be initiated as a bill in the House of Representatives. (Rhonda Deniston)
Reid took a bill that had already passed the House, stripped out the provisions to turn it into a “shell bill,” and then inserted the text of ObamaCare to get around this requirement. The bill that passed the Senate was H.R.3590, which initially had to do with tax breaks for military homeowners. And yes, they’ve used the “shell bill” strategy before. (Hot air)
You mean it was a fake out! No! Say it ain’t so Harry! :0
From the Conservative Descent: For all these reasons, to say that the Individual Mandate merely imposes a tax is not to interpret the statute but to rewrite it. Judicial tax-writing is particularly troubling. Taxes have never been popular, see, e.g., Stamp Actof 1765, and in part for that reason, the Constitution requires tax increases to originate in the House of Representatives. See Art. I, §7, cl. 1. That is to say, they must originate in the legislative body most accountable to the people, where legislators must weigh the need for the tax against the terrible price they might pay at their next election, which is never more than two years off. The Federalist No. 58 “defend[ed] the decision to give the origination power to the House on the ground that the Chamber that is more accountable to the people should have the primary role in raising revenue.” United States v. Munoz-Flores, 495 U. S. 385, 395 (1990). We have no doubt that Congress knew precisely what it was doing when it rejected an earlier version of this legislation that imposed a tax instead of a requirement-with-penalty. See Affordable Health Care for America Act, H. R. 3962, 111th Cong., 1st Sess., §501 (2009); America’s Healthy Future Act of 2009, S. 1796, 111th Cong., 1st Sess., §1301. Imposing a tax through judicial legislation inverts the constitutional scheme, and places the power to tax in the branch of government least accountable to the citizenry.
The Court tolerates the “shell bill” procedure, I think, because the Seventeenth Amendment has somewhat undermined the Framers’ intent of making sure that tax bills begin in the chamber that’s more accountable to the people. The House is still more accountable, but less so now that the Senate is also popularly elected. And in the case of O-Care, which passed a deep blue House at the time and a barely filibuster-proof Senate, there’s no doubt that the tax-mandate would have passed the House easily even if it had originated there. I suppose O-Care opponents could sue anyway and claim that “shell bills” in tax matters should be deemed unconstitutional because they violate the spirit of Article I, section 7, but c’mon: How likely do you think Roberts would be to say, “You’re right, I totally spaced on the origination clause in my earlier landmark ruling. Decision overturned”? (Hot air)