The Department of Energy gave a “conditional commitment” to Severstal Dearborn LLC in June for a $730 million loan to help boost development of Advanced High Strength Steel, which the Obama administration believes will be a key to developing lighter and more fuel-efficient vehicles. The firm is a wholly-owned subsidiary of foreign firm (OAO Severstal is a Russian firm), with products already available on the market from other manufacturers, and which Severstal already produces.
COMMENTS:
Once again we have to ask: How much money did they donate to
Obama’s reelection campaign? This whole
loan debacle is chuck-full of Chicago-style graft and corruption and we have to
put a stop to it. The only way we can
stop it is to vote the Obama and his thugs out, out, out.
TODAY’S QUERIES & ANSWERS:
Q. Will the Super Committee succeed in cutting the deficit?
(Tamara ~ Seattle, WA)
A. If they succeed, it will be the miracle of the ages. I think they’ll either come back with 50% of
what their mandate is or they will fail altogether. I hope to be surprised, but the crux of the
problem is that there is not one politician on the panel, Democrat or Republican,
who has a real fire in his belly to cut the deficit.
Q. Doesn’t the fact that Gloria Allred brought the woman with the latest sexual harassment charges against Cain to the media lend
some credence to the charges? (Kathy ~
San Francisco, CA)
A. Gloria may be a good attorney, but she is a left-wing
liberal and I do not believe she would hesitate to torpedo a Republican
candidate. I’m not yet prepared to go
out on the proverbial limb and accuse her of that, but this whole thing just
does not yet add up. For one thing, the
woman says she didn’t say anything about it at the time because she was “embarrassed.” Why was she alone with Cain in the first place? Now, years later, Cain is running for the
Presidency and she’s no longer “embarrassed?”
Q. If the recession is over, how come there was a huge 3rd
quarter increase in credit delinquencies?
(Foster ~ Anderson, CA)
A. Because people aren’t paying their bills on time, which
usually signals a lack of sufficient income.
But, according to Obamanomics, just because the economy is crappy does
not mean we are in a recession.
TODAY’S QUOTE:
“All of the problems we're facing with debt
are man made problems. We created them. It's called fantasy economics. Fantasy
economics only works in a fantasy world. It doesn't work in reality.” ~ Michele Bachmann
TODAY’S VIDEO: (Aren’t you really proud of yourselves?)
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