The Department of Energy, which issued a $118.5 million grant to the now bankrupt battery company Ener1, is describing a fresh infusion of $80 million in private capital as a sign that the company’s technology “has merit.” (more)
Vice President Joe Biden praised electric car battery manufacturer Ener1 — the highest Indiana recipient of federal stimulus money for the development of green automobile technology — for the expansion of its workforce on January 26, 2011. Ener1 filed for Chapter 11 bankruptcy on Thursday, exactly one year later. (more)
Indiana-based electric car battery manufacturer Ener1 filed for Chapter 11 bankruptcy on Thursday. The battery maker received over a quarter of the federal stimulus money granted to projects in the state of Indiana under the American Recovery and Reinvestment Act fo 2009, a state which was the second highest recipient of federal stimulus money. (more)
It’s now official: The so-called “Occupiers” protesting in cities from New York to California are eligible to be considered for homeless assistance under new guidelines issued by the Department of Housing and Urban Development (HUD). (more)
You may not have seen the show “Diary of a Single Mom” co-starring Billy Dee Williams, but your tax dollars helped pay for it. (more)
Solyndra is being investigated by the FBI, but that may just be the tip of the shovel-ready iceberg. (more)
Senate Majority Leader Harry Reid (D-Nev.) on Wednesday indicated Congress needs to worry about government jobs more than private-sector jobs, and that this is why Senate Democrats are pushing a bill aimed at shoring up teachers and first-responders. (more)
Senate Majority Leader Harry Reid vowed Monday to keep the Senate in session “as long as necessary” to pass $35 billion in stimulus spending included in President Obama’s American Jobs Act, and to pay for it with a new surtax on millionaires. The jobs bill itself failed last week in the Democratic-controlled Senate, which Reid leads. Reid himself voted “no.” (more)
Despite the failure of President Obama’s jobs bill in the Senate last week, Senate Majority Leader Harry Reid said Monday that Senate Democrats will continue to “pursue” $30 billion in education stimulus spending included in the bill, along with $5 billion to “retain” police, firefighters and first responders. (more)
The right and the far left tend to agree on one thing: President Barack Obama’s economic policies leave a lot to be desired. On Sunday’s broadcast of CNN’s “Fareed Zakaria GPS,” those two perspectives duked it out, represented by two-time presidential candidate Steve Forbes and New York Times columnist Paul Krugman. (more)
White House officials are using a new set of talking points to sell their stimulus plan: The economy’s possible slide into a second recession. (more)
President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan. (more)
Have the chances of a compromise on a potential jobs bill in the spirit of bipartisanship greatly diminished after President Barack Obama went on the offensive promoting his jobs bill? According Pat Buchanan they have. (more)
Operation Twist doesn’t give consumers much to shout about. (more)
NEW YORK (AP) — The Federal Reserve is making its third try at stimulating the economy in less than three years. Since its last attempt ended in June, the economy has been slowing. And stocks have been falling as investors feared that the country was heading for another recession. (more)
WASHINGTON (AP) — The Federal Reserve says it will sell $400 billion of its shorter-term securities to buy longer-term holdings, its latest effort to boost a weak economy. (more)
Shortly after taking office, President Barack Obama defended the weatherization portion of the stimulus bill in a February 2009 CBS interview, saying it would immediately put people back to work, reduce energy costs and lay the groundwork for future energy independence. (more)
European finance ministers ruled out efforts to prop up the faltering economy and gave no indication of providing aid for lenders to go along with yesterday’s liquidity lifeline from the European Central Bank. (more)
Who would have really expected a 300-point stock market plunge on the day after President Obama’s so-called jobs speech? (more)
As is typical of politicians generally, and Obama particularly, the response to continued U.S. economic anemia is yet another speech. On Thursday, President Obama, channeling the spirits of two long-deceased progressive presidents, combined Teddy Roosevelt’s bully pulpit with Woodrow Wilson’s penchant for omnipotent and omnipresent government to call for — wait for it — more “stimulus.” (more)
