Hard to Believe
2010-09-07 - by
Here’re two peculiar examples of modern economic theory as practiced by the Obama Administration. Both have to do with the President spending ‘Stimulus Funds.’
Alcoa Corporation has a net worth of $12 billion. The Obama Administration gave it $13 million in stimulus funds to pay for renovations at its Cheoah dam on the Little Tennessee River.
Beside BP, Alcoa is a piker. BP has a net worth of $101 billion, and, last year before the Gulf oil disaster, the Obama administration gave it $300 million in stimulus funds.
It may seem odd coming from a President who wants to raise taxes on the wealthy but the way the President sees it giving two billion dollar corporations money is the kind of government spending that will lift us out of the recession.
Hard to Believe
2010-09-07/
Here’re two peculiar examples of modern economic theory as practiced by the Obama Administration. Both have to do with the President spending ‘Stimulus Funds.’
Alcoa Corporation has a net worth of $12 billion. The Obama Administration gave it $13 million in stimulus funds to pay for renovations at its Cheoah dam on the Little Tennessee River.
Beside BP, Alcoa is a piker. BP has a net worth of $101 billion, and, last year before the Gulf oil disaster, the Obama administration gave it $300 million in stimulus funds.
It may seem odd coming from a President who wants to raise taxes on the wealthy but the way the President sees it giving two billion dollar corporations money is the kind of government spending that will lift us out of the recession.