No company has embodied Washington's hope for an American-built electric vehicle business like A123 Systems. The Massachusetts-based company was supposed to become the leading home-grown supplier of lithium-ion batteries for automakers in the United States and around the world -- fueled in part by a $249 million grant from the Obama administration. Today, A123 Systems filed for bankruptcy, saying much of its assets would be sold after losing $857 million over the past several years. Here's why it failed.
We all know that these are friends of, or friends of friends of, the president. They all got a boatload of taxpayer money so that they'll all be extremely wealthy for generations to come. There needs to be a major investigation as to whom these people were connected, and then many people should go to prison and never see freedom again.
How affordable is the Affordable Care Act? Not very, it would seem for Washington state resident Jessica Sanford. The self-employed single mother was cited last month as an ObamaCare success story by President Obama in the Rose Garden. But according to Washington State Wire, she´s now finding out she doesn´t qualify for the tax credits she was originally told she´d get. Sanford, who told the news site she hasn´t had health insurance in 15 years, initially said she was excited by the prospect of purchasing a policy for her and her son under ObamaCare. Before ObamaCare, Sanford was getting health insurance rate
France and Mexico have angrily demanded prompt explanations from Washington following fresh, "shocking" spying allegations leaked by former US security contractor Edward Snowden. The reports in French daily Le Monde and German weekly Der Spiegel revealed that the National Security Agency secretly recorded tens of millions of phone calls in France and hacked into former Mexican President Felipe Calderon´s email account. French Interior Minister Manuel Valls described the revelations in Le Monde newspaper as "shocking", in an interview Monday with Europe 1 radio.
ObamaCare may have its skeptics, but one group is decidedly optimistic -- prison inmates. "At least 50 percent of the [prison] population has symptoms of mental health disorders," said Brad Brockmann, executive director of the Center for Prisoner Health and Human Rights at Brown University. "With Medicaid expansion, we have an incredible opportunity to take care of the very neediest, the very poorest while freeing up huge amounts of money within the states through not having to provide that care in correctional settings."
President Obama has made many promises about his signature health care plan, but one of the simplest was an assurance that it would lower national health care spending and save every family thousands of dollars. For example, in May 2009 he hailed "comprehensive health care reform -- so that we can do what I pledged to do as a candidate and save a typical family an average of $2,500 on their health care costs in the coming years." But now government actuaries have reached a different conclusion, finding that ObamaCare will actually increase health care spending by $621 billion over the next
A federal grand jury on Wednesday indicted Quinshaunta R. Golden — a onetime top aide to Dr. Eric E. Whitaker, one of President Barack Obama’s closest friends — on bribery, theft and fraud charges, accusing her of embezzling about $433,000 in state health department funds. The money from the kickback scheme began flowing to Golden in July 2007, when Whitaker headed the Illinois Department of Public Health, and Golden was his chief of staff, the indictment alleges. It allegedly kept flowing until October 2008, by which time Golden and Whitaker had left state government
Around the same time the nation was transfixed on the hunt for the Boston Marathon bombers last month, thieves on the other side of the country pulled off a little-noticed heist -- swiping 559 pounds of explosives from a federal storage facility in Montana. As of Friday, not one ounce of it has been found. The incident, federal officials believe, was not terrorism-related. But it´s the latest to raise security concerns in an age when authorities are warning about the desire of violence-bent terrorists to inflict mass casualties with bombs.
President Obama found himself weathering bipartisan broadsides Wednesday as he sent Congress his 2014 budget proposal, which in its effort to please both sides of the aisle has ended up angering both. The budget arrived on Capitol Hill Wednesday morning, delivered 65 days after the legal deadline. The $3.77 trillion spending plan, which is over 2,000 pages, tries to curb deficits by further raising taxes on top earners and reining in the growth of Social Security.
Former Detroit Mayor Kwame Kilpatrick, once seen as a rising star in Democratic Party politics, was convicted on Monday on two dozen federal charges of corruption and bribery while in office. U.S. prosecutors accused Kilpatrick, 42, his father and a city contractor of widespread corruption, extorting bribes from contractors who wanted to be awarded or keep city contracts, turning the mayor´s office into "Kilpatrick Incorporated" during his seven year tenure.
The Internal Revenue Service on Friday unveiled its proposal to raise tens of billions of dollars through annual fees on health insurers, prompting fierce criticism from industry groups who warn the costs will be passed along to consumers. The proposed rule from President Obama´s healthcare law will be published for public consideration in Monday’s Federal Register. The rule would assess annual fees on most insurers that would total $8 billion next year and rise thereafter, eclipsing $14 billion in 2018, according to the IRS.
Another member of the Washington political media stepped forward Thursday to claim he was threatened by the Obama White House, shortly after the White House denied reports that an adviser threatened famed Watergate journalist Bob Woodward. The latest claim comes from Lanny Davis, who served as counsel to former President Bill Clinton and later went on to write a column for The Washington Times.
President Obama’s political team is fanning out across the country in pursuit of an ambitious goal: raising $50 million to convert his re-election campaign into a powerhouse national advocacy network, a sum that would rank the new group as one of Washington’s biggest lobbying operations. (snip)But those contributions will also translate into access, according to donors courted by the president’s aides.
The fiscal crisis plaguing Detroit is now in the hands of Michigan´s governor after a state-appointed review team determined the city was in a financial emergency with "no satisfactory plan" to resolve it. Republican Gov. Rick Snyder has 30 days to decide if Detroit needs an emergency manager to take charge of its finances and spending, and come up with a new plan to get the city out of its financial mess. (Snip)The report also said the city´s bureaucratic structure makes it difficult to solve the financial problems. Intro repaired by staff
´´Knockout´´ attacks have been reported in several states around the country and now investigators believe three people have been attacked in our area. Police in Lower Merion are investigating two attacks in the area, and Philadelphia detectives are investigating an attack in Northeast Philadelphia. It’s a violent crime that in other parts of the country has proven fatal. Videos from cities around the country show people being punched and beaten at random.
It´s no secret that Sarah Palin is mighty steamed at MSNBC and Martin Bashir over his despicable remarks about the abusive treatment he imagines for her. And now she´s doing something about it. The former Alaska governor and Fox News contributor was scheduled to sit down with Matt Lauer for a Christmas season interview. That´s now toast. Palin has now canceled Lauer´s scheduled trip to Wasilla, a source close to her tells me. It´s not because Palin is upset with Lauer or the "Today" show, but as a protest against NBC for not taking action against Bashir. In fact, Palin once sat
MICHELLE OBAMA: I thought I wanted to be a pediatrician when I was really little and then I wasn´t that great at math and science so I switched to law because my mother told me that I like to argue a lot. But I realized in high school and in college that you don´t have to exactly know, you´re kind of always discovering yourself. So I studied law, I went to law to school, but was pretty clear I just wanted to be a good student. I wanted to know how to read and write and communicate, be able to
Senate Majority Leader Harry Reid´s finger is hovering over the big red button that will launch the Democrats´ nuclear attack against the United States Senate. By which we mean that, having secured 51 votes, Reid reportedly plans to advance a change to the body´s voting rules that would facilitate the approval of presidential nominees. KABOOM. That rules change, the much-discussed "nuclear option," is not an insignificant move for Reid. It´s not as bad as what happened in, say, Hiroshima in 1945, but it upends a long-standing tradition in the chamber. The problem in the Democrats´ view, as we´ve noted before,
In an interview on BET last night with Bow Wow and Keshia Chante, First Lady Michelle Obama talked up her husband, President Barack Obama. "I always say my husband has got swag," said Mrs. Obama. "He’s got a little swag." The audience applauded. Mrs. Obama also said that the president of the United States "sings all the time." She continued, "Oh, yes, he’s in the bathroom all the time just singing." She also praised her husband. "[H]e has got a good voice." Here´s a transcript of that exchange:
Well folks, it looks like Arizona Senator John McCain will "be one of these old guys that should’ve shoved off.” According to the Arizona Republic, McCain is set to attend a glitzy fundraising for his 2016 campaign in New York City. Sen. John McCain has scheduled a December fundraiser in New York City, the surest sign yet that the veteran Arizona Republican is serious about possibly pursuing a sixth term in 2016. According to a copy of the invitation obtained Tuesday by The Arizona Republic, McCain is asking supporters to join him 6 p.m. Dec. 16 at the midtown St. Regis Hotel
President Barack Obama told a gathering of corporate executives Tuesday he´s confident that his model of health care will work in the end, but he said he´s going to have to "re-brand" it to sell it to a skeptical public. He didn´t use the word "Obamacare" once on Tuesday in talking about his health care law, but he mentioned the "Affordable Care Act" seven times. "So, look, I am confident that the model that we built, which works off of the existing private insurance system, is one that will succeed," Obama told the Wall Street Journal´s CEO Council Annual Meeting
The White House has admitted that it was wrong to promise that people would be able to their health care plans under Obamacare. "With respect to the pledge I made that if you like your plan you can keep it, I think -- you know, and I’ve said in interviews -- that there is no doubt that the way I put that forward unequivocally ended up not being accurate. It was not because of my intention not to deliver on that commitment and that promise. We put a grandfather clause into the law but it was insufficient," President Obama said
House Minority Leader Nancy Pelosi says although some Democrats may be voting politically to distance themselves from Obamacare, they were still supporting the law and working in their districts to implement it. "This is history and the future and progress," she stated emphatically, "It stands right there as Social Security, Medicare, affordable health care, as a right, not a privilege for the few, but a right for the many." She was speaking Tuesday at an event sponsored by BuzzFeed. Pelosi acknowledged she was "really disappointed" that the technology behind the website failed, but said she was excited to see the program fully
President Obama’s approval rating has sunk to 37 percent in a new poll released Wednesday — the lowest of his presidency — and his disapproval rate is at 57 percent, a new high for him in CBS News polls. His approval rating has dropped 9 points since October, according to the CBS News poll. Approval of his health care overhaul, commonly known as Obamacare, is now at an all-time low of 31 percent and disapproval is at 61 percent, a high for the poll, as his administration scrambles to deal with the fallout from a rocky rollout of major parts
Appearing shell-shocked by the Harry Reid’s abrupt move to pass the “nuclear option” through the Senate, Republicans there issued ominous warnings to reporters outside the chamber. “When you start, it’s like wars — there’s no end to this. I don’t know where it goes,” says Senator Lindsey Graham of South Carolina. “In my view this is the most important and most dangerous restructuring of Senate rules since Thomas Jefferson wrote them at the beginning of our country,” Senator Lamar Alexander of Tennessee says. Democrats have been open about wanting the change so President Obama’s regulations, executive actions and other unilateral decisions enjoy a
Representative Jan Schakowsky (D., Ill.) announced she will fast for a day as part of a push for amnesty. She will join an effort by activists on the National Mall who began fasting over a week ago. “I’m so inspired by the fasters and … how they’re willing to put their bodies on the lines, their health on the line to raise attention to an issue that is really tearing at the fabric of our country,” she said. Schakowsky, who has planned her fast for Thursday, encouraged her colleagues to join her in her day-long fast. Schakowsky, who has planned