This is from MSNBC.
Hot air? White House takes credit for Bush-era wind farm jobs
Administration claims 50,000 jobs created, but many projects were completed before funds were handed out
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The blades of a windmill blur as they catch the wind on Stetson Mountain near Stetson, Maine. The project by First Wind was eligible for $40 million in the 2009 stimulus program, although federal records show that its wind towers were up by July 2008. Should jobs at Stetson Mountain be counted among those created by the Obama economic stimulus?
Investigative Reporting Workshop, American University Investigative Reporting Workshop, American University
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WASHINGTON — The Obama administration is crediting its anti-recession stimulus plan with creating up to 50,000 jobs on dozens of wind farms, even though many of those wind farms were built before the stimulus money began to flow or even before President Barack Obama was inaugurated.
Out of 70 major wind farms that received the $4.4 billion in federal energy grants through the stimulus program, public records show that 11, which received a total of $600 million, erected their wind towers during the Bush administration. And a total of 19 wind farms, which received $1.3 billion, were built before any of the stimulus money was distributed. ( See a list of the projects here.)Yet all the jobs at these wind farms are counted in the administration's figures for jobs created by the stimulus
http://www.msnbc.msn.com/id/39759042/ns/business/
Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes
Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.
“It’s remarkable that Google’s effective rate is that low,” said Martin A. Sullivan, a tax economist who formerly worked for the U.S. Treasury Department. “We know this company operates throughout the world mostly in high-tax countries where the average corporate rate is well over 20 percent.”
The U.S. corporate income-tax rate is 35 percent. In the U.K., Google’s second-biggest market by revenue, it’s 28 percent.http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html
High Tech Industry Gives More Money to Democrats
Sixty-six percent of contributions from the computers and Internet industry were to Democrats
High Tech Industry Gives More Money to Democrats
Sixty-six percent of contributions from the computers and Internet industry were to Democrats
The computers and Internet industry has given 66 percent of its money in the 2010 election cycle to Democrats, according to data from the Center for Responsive Politics. Of the $12.9 million the industry has given to federal candidates and party committees in the 2010 election, over $8.4 million has gone to Democrats. Since corporations and labor unions by law may not contribute to federal candidates, these figures reflect contributions from industry employees, their families, and political action committees associated with computer and Internet companies.
Of the top 10 recipients of money from the computer and Internet industry this election, nine are Democrats. New York Democratic Sen. Chuck Schumer leads with $194,384, followed by Washington Democratic Sen.Patty Murray ($176,973) and New York Democratic Sen. Kirsten Gillibrand ($161,395). The lone Republican in the top 10 is Massachusetts Sen. Scott Brown at number eight with $88,750. [See who gets the most from the computers and Internet industry.]
Microsoft is the top contributor with 60 percent of its nearly $1.3 million in contributions going to Democrats. This number reflects contributions made to incumbents, challengers, and national party committees. [See where Chuck Schumer's campaign cash comes from.]
Contributions from those associated with Cisco make it the second highest contributor in the industry with $557,919 in donations, 67 percent of which went to Democratic candidates and committees. Google is next, with $456,119 in contributions, 75 percent of which went to Democrats, followed by Intel, with 57 percent of its $373,205 in contributions going to Democrats. The fifth-most-prominent computer/internet company, Hewlett-Packard, also favored Democrats, despite the fact that its former CEO, Carly Fiorina, is running as a Republican in California's high-profile Senate race. Those associated with Hewlett-Packard gave $367,460, with only 40 percent going to Republican candidates and parties.
Though companies in the computers and Internet industry tend to favor Democrats in their political giving, a few have given more to Republicans than Democrats. Among the major companies that give a majority of their campaign dollars to Republican candidates and committees are content delivery company Akamai Technologies (56 percent), computer manufacturer Dell (60 percent), and web-hosting service Go Daddy (63 percent).
Microsoft is the top contributor with 60 percent of its nearly $1.3 million in contributions going to Democrats. This number reflects contributions made to incumbents, challengers, and national party committees. [See where Chuck Schumer's campaign cash comes from.]
Contributions from those associated with Cisco make it the second highest contributor in the industry with $557,919 in donations, 67 percent of which went to Democratic candidates and committees. Google is next, with $456,119 in contributions, 75 percent of which went to Democrats, followed by Intel, with 57 percent of its $373,205 in contributions going to Democrats. The fifth-most-prominent computer/internet company, Hewlett-Packard, also favored Democrats, despite the fact that its former CEO, Carly Fiorina, is running as a Republican in California's high-profile Senate race. Those associated with Hewlett-Packard gave $367,460, with only 40 percent going to Republican candidates and parties.
Though companies in the computers and Internet industry tend to favor Democrats in their political giving, a few have given more to Republicans than Democrats. Among the major companies that give a majority of their campaign dollars to Republican candidates and committees are content delivery company Akamai Technologies (56 percent), computer manufacturer Dell (60 percent), and web-hosting service Go Daddy (63 percent).
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No wonder
The stimulus is paying to instal broadband across the nation. Make the tax payers pay for it. Everyone knows all the internet providers are going broke. Sounds a little silly dont it.
Its just like in NY and Im sure other states do the same thing. The liberal majority gives cell phones to those who cant afford it. Not a phone just to dial 911 in an emergency but with over 200 minutes lets call home.
I and many others pay our own bills if the liberals want to give a phone away take it out of thier pay. Unless you believe the service is free. The age of information technology paid for by the tax payers.
What they donate to the Dems isnt even close to the profits they will make. Next I guess we will have to supply a computer to everyone why not lets go bankrupt. I guess will also have to provide internet service.
Stop spending money you dont have on things that are not needed it is not the Govts job to make sure all people have the same luxuries these are things that should be earned not given.
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