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Politics : Mainstream Politics and Economics

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To: Wharf Rat who wrote (8589)	2/8/2012 3:38:14 PM
From: Bearcatbob	3 Recommendations Read Replies (2) of 85487

"Jobs that aren't the result of government funding are just as phony." LOL - you so beautifully make all of my points. And oh yeah - is not Obama one of the greatest bankruptcy recaptilization men of all time. Let me guess - you think the bailout of GM and Chrysler was a heroic accomplishment. Oh my - show us some more of your financial imagination. Bob PS: Here is another financial folly Obama can be proud of and from your foolish state as well. House reviews DOE money upgrading yacht by Joel Gehrke Commentary Staff Writer campaign2012.washingtonexaminer.com House investigators wrote the Port of Los Angeles yesterday to review the decision to spend almost half a million dollars in stimulus money on retrofitting a luxury yacht with environmentally-friendly engines. "The Port of Los Angeles owes the public greater transparency about this project and a full accounting of the cost-benefit analysis used to justify spending on this type of project," House Oversight and Government Reform chairman Darrell Issa, R-Calif., wrote in a letter to the executive director of the port, Dr. Geraldine Knatz. The Port of Los Angeles spent $489,000 of a $1.5 million grant from the Department of Energy to retrofit a city-owned yacht with "hydro-electric propulsion system," according to Issa's letter, rather than the diesel engines it already had in operation. The yacht is used to conduct tours of the port. "This is the American people’s money that was borrowed in stimulus," said House Oversight and Government Reform Chair Darrell Issa in a local CBS broadcast. "It was supposed to create net new jobs. Could that half a million dollars have been used better? Was this really just show without substance?" You can read the full letter here.

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