LightSquared “running out of cash”

Perhaps someone might want to check if Barack Obama has the Minus touch lately, because companies that come into contact with his Porkulus package keep heading towards insolvency. … In the latter, everything Midas touched turned to gold (a curse in the fable, of course), while in the former case, every potential sale I touched turned to ... well, you get the idea…

New Obama metric: “Jobs supported”

As the series of Porkulus fables proved, that assumption failed badly with "saved or created," and there's no reason to believe it will work any better with "jobs supported." … At the time, I called these "Porkulus fables," and it looks like jobs "supported" will be the newest addition to the Obama pantheon of mythical creatures. … The block grants in Porkulus also assumed that states would simply lay off teachers and first responders as a result of large-scale budget deficits in the throes of the Great Recession…

Another Porkulus fable in New Hampshire?

The amount of Porkulus money spent in New Hampshire is more than $772 million, which means that the cost of saving or creating each job documented through Recovery. … In almost 1100 awards through Porkulus, the bureau tracking the "saved or created" jobs across the country could only find 1432 jobs, or 1. … A month ago, the Obama administration announced that it had "saved or created" over 12,000 jobs in New Hampshire through its Porkulus spending as a way of helping Democrats campaign for re-election…

WH fumbling jobs, ObamaCare messages

The police officers, firefighters, and teachers would have been the last jobs at risk, as reporting across the country on Porkulus fables showed. … The block grants in Porkulus allowed states to paper over budget gaps that should have prompted legislatures to curtail spending, which would have eliminated thousands and thousands of positions in various bureaucracies…

Recovery.con?

Let's add New York to the list of states whose media are discovering the fraud of PorkulusPorkulus funds allowed the states to shift money from education to other areas of the state bureaucracy by pasting over their budget gaps. … A little over a week ago, the Putnam County Courier joined the list of regional newspapers that have begun asking serious questions about Porkulus job accounting…

Video: San Diego TV station says Porkulus created … one job

If nothing else, though, the utter failure of Porkulus to slow joblessless in California and Boxer's shameless flacking for it should allow the eventual Republican nominee to gain ground in a tough election. … The continuing exposure of Porkulus Job Fables goes to San Diego, which used a Barbara Boxer appearance hailing job creation in the area…

Porkulus job fables in Michigan

Add Michigan to the list of states whose media are discovering the fraud of Porkulus … The states don't have the revenue to keep all of their bureaucracies in place for the long term, which means each year Obama will have to have a Porkulus outlay or the "saved or created" jobs will disappear due to the eventual exercise of fiscal responsibility. … Obama promised to stimulate the private sector with Porkulus, but the vast majority of the jobs being reported are those of government bureaucrats…

The 50-job lawnmower, and other Porkulus job fables

In Connecticut, the accounting for jobs saved and created apparently neglected to check the work, claiming that Porkulus funds saved 108 jobs in a police department of 22 officers -- who weren't at risk of being laid off anyway. … We've been aggregating tales of Porkulus fantasy jobs, but this one takes the cake…