Economy & Budget

Thousands of Jobs Scammed or Created

President Obama has repeatedly stated that his stimulus package has "saved or created" hundreds of thousands of jobs. And hundreds of thousands of jobs have been created. In Unicornland.

According to the Recovery.gov website — a website that the Obama administration has spent $18 million "stimulating" — millions have been spent and hundreds of jobs have been created in heretofore unknown areas of America: 30 jobs using $761,420 of federal cash in the fictional 15th congressional district in Arizona (there are only eight congressional districts in Arizona); $19 million in spending and 15 jobs created in mythical districts in Oklahoma; $10.6 million on 39 jobs in invisible Iowan areas; $68.3 million spent in the magical 1st congressional district of the U.S. Virgin Islands; $35 million spent and 142 jobs created in the glittering fairy-tale kingdom of the 99th district of the Northern Mariana Islands; and the list goes on.

Apparently, somebody messed with Joe.

The biggest problem, amazingly enough, isn’t the Obama administration’s incredible creation of districts from scratch. It’s the Obama administration’s use of stimulus funds to pay off its political allies.

On Sept. 11, 2009, Democrat congressman Eric Massa of the 29th Congressional District of New York — yes, this district actually exists — wrote President Obama a letter regarding the Obama administration’s $74.6 million grant to Canadaigua Power Partners, LLC, and Canandaigua Power Partners II, LLC, in Cohocton, N.Y. These companies, according to Massa, "act as shell companies that deceptively operate on behalf of First Wind, which is currently under investigation by New York State Attorney General Cuomo for corruption charges in Cohocton and across the Northeast."

In fact, wrote Massa, "Constituents in our region see these projects as criminal actions … the award of $74.6 million to corrupt companies that have changed names time and again forming new LLCs and new Inc.s but maintaining their business model of lie, cheat and corrupt at the expense of taxpayers has stirred great unrest." Remember, this is a Democratic congressman.

First Wind is a green power company that produces windmills, the giant pieces of idiocy littering our landscapes. Its project in Cohocton, N.Y. — the project Massa rips — was so poorly done originally that residents reported that the turbines sounded like jet engines.

From March 31, 2007 to March 31, 2008, First Wind had revenue of $12 million and net losses of $73 million. Those losses forced First Wind to take out loans in the amount of $191 million. And up until October, the New York attorney general’s office was investigating First Wind for its possible participation in bribery of public officials for land use purposes.

Broke and under investigation. Not exactly a great candidate for stimulus. But that didn’t stop the Obama administration. Why? Because First Wind is supported principally by Madison Dearborn Partners and the D.E. Shaw Group.

Madison Dearborn Partners, not coincidentally, is Obama Chief of Staff Rahm Emanuel’s "best source of funds," according to the Washington Examiner. During his congressional career, employees of Madison Dearborn gave Emanuel $93,600. And Emanuel is instrumental in oversight of the stimulus.

As for D.E. Shaw, White House economic adviser Lawrence Summers was paid $5.2 million in 2008 and 2007 by the company — to work for one day a week, according to the New York Times. Also according to the Times, "Summers said in an interview that his experience at Shaw, however brief, gave him valuable insight into the practical realities of Wall Street, insight he is now putting to use in shaping economic policy in the White House."

The Obama administration is so dominated by obfuscatory aureate and magniloquent verbosity that it believes it can get away with literally anything. This administration creates dollars out of thin air to pay fictitious employees in figmental places. It’s no wonder that so far, the Obama administration has stimulated precisely nothing in the real world.

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