What’s interesting in the news today?
1. There’s a reason they call him “Dirty Harry.” But he isn’t the only dirty one here.
From ABCNews “Officials overseeing a federal program that offers an immigration short-cut to wealthy foreign investors have ignored pointed warnings from federal agents and approved visas for some immigrants suspected of having committed fraud, money laundering, and even one applicant with alleged ties to a child porn website, an ABC News investigation has found. The shortcomings prompted concerns within the Department of Homeland Security that the boutique immigration program would be exploited by terrorists, according to internal documents obtained by ABC News.
“It is shocking,” said Sen. Charles Grassley, an Iowa Republican. “Particularly when you have F.B.I. and other law enforcement agencies that are saying national security could be compromised or is being compromised — that’s enough for us to be concerned.”
Five different Homeland Security whistleblowers spoke with ABC News about a range of cases where visas were approved despite numerous red flags. They said objections were often ignored because the immigration program is so popular within the Obama Administration and with members of Congress from both parties. Known as the EB-5 visa program, foreigners who are willing to invest $500,000 in an American business can jump to the front of the line and obtain legal status to live in the U.S. for two years. If the investment is shown to create at least 10 jobs, the investors can receive a “Green Card” — permanent residency.”
“In 2013, then-Virginia gubernatorial candidate Terry McAuliffe was accused by political opponents of trying to prod federal officials to approve visas for investors in an electric vehicle start-up venture he ran. He denied that he sought undue influence. In 2014, questions about an EB-5 investment scheme in South Dakota became grist for political ads targeting then-U.S. Senate candidate Mike Rounds, who was attacked for his role in oversight of investment projects while he was governor. Rounds called the attacks political and “inaccurate” and “defamatory.”
Questions about the SLS Hotel project in Las Vegas first gained attention when an article in The Washington Times revealed that Homeland Security expedited the processing of investor visas after Nevada Sen. Harry Reid (D) and his staff began prodding the department to move faster. Reid aides said their push to eliminate longstanding bureaucratic hurdles with the program and was aimed at creating local jobs.”
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2. Anybody shocked? These folks deserve better.
From TheWashingtonExaminer “President Obama’s 2016 budget blueprint proposes rolling back a program that gives veterans the right to receive faster care outside of the long waitlists at the troubled Veterans Affairs medical system.
Obama signed the Veterans Choice Program into law in August following months of partisan wrangling on Capitol Hill that finally led to a compromise measure to overhaul the agency. The Veterans Choice Program was a key GOP provision in the deal.
Authored by Sen. John McCain, R-Ariz., the measure provides “choice” cards to veterans that can be used to obtain medical care at designated facilities outside of the VA system.
But Obama announced Monday he’ll send a legislative proposal to Congress that would allow the VA to raid the program’s funding, now set at $10 billion.”
“Democrats have pushed for additional money for the VA to pay for new hospitals and more doctors, but Republicans contend that waste and mismanagement are the primary problems facing the VA, and the Choice Program gives vets a chance to escape the dysfunction by allowing them to receive outside medical care.
Veterans groups were angered by the move to divert funding from the program, noting that Obama had touted the legislation to reform the VA in the months leading up to the November election and did not express opposition to the choice cards.”
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3. The legacy of debt interest.
From TheWallStJournal “The U.S. has come a long way since the days of trillion-dollar deficits, just a few years ago. The White House projects 2016 will have the smallest budget deficit in eight years. Yet the budgetary impact of the debt that’s been accumulated–$18 trillion in total, $13 trillion of that owed to the public–will reassert itself.
Currently, the government’s interest costs are around $200 billion a year, a sum that’s low due to the era of low interest rates. Forecasters at the White House and Congressional Budget Office believe interest rates will gradually rise, and when that happens, the interest costs of the U.S. government are set to soar, from just over $200 billion to nearly $800 billion a year by decade’s end.”
“By 2021, the government will be spending more on interest than on all national defense. according to White House forecasts. And one year later, interest costs will exceed nondefense discretionary spending–essentially every other domestic and international government program funded annually through congressional appropriations. (The largest part of the budget is, and will remain, the mandatory spending programs of Social Security, Medicare and Medicaid. Mandatory spending is over $2 trillion and is set to double to $4 trillion by 2025.)”
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4. Manufacturing is down for the fourth month in a row.
From HotAir “For the fifth straight month, US manufacturing sector has slowed, according to the Department of Commerce. Overall orders for manufacturing dropped 3.4% in December, led by a steep drop in transportation. Even without that, orders fell by 2.3%, and the overall decline in November was adjusted downward to 1.7%:
New orders for manufactured goods in December, down five consecutive months, decreased $16.4 billion or 3.4 percent to $471.5 billion, the U.S. Census Bureau reported today. This followed a 1.7 percent November decrease. Excluding transportation, new orders decreased 2.3 percent. Shipments, down four of the last five months, decreased $5.3 billion or 1.1 percent to $488.2 billion. This followed a 1.0 percent November decrease. Unfilled orders, down following ten consecutive monthly increases, decreased $9.4 billion or 0.8 percent to $1,166.9 billion. This followed a 0.2 percent November increase. The unfilled orders-to-shipments ratio was 6.69, down from 6.81 in November. Inventories, down following eighteen consecutive monthly increases, decreased $2.0 billion or 0.3 percent to $653.9 billion. This followed a slight November increase. The inventories-to-shipments ratio was 1.34, up from 1.33 in November.
Durable goods dropped as well, by 3.3%:
New orders for manufactured durable goods in December, down four of the last five months, decreased $8.0 billion or 3.3 percent to $230.6 billion, revised from the previously published 3.4 percent decrease. This followed a 2.2 percent November decrease. Transportation equipment, also down four of the last five months, led the decrease, $6.7 billion or 9.1 percent to $66.8 billion. New orders for manufactured nondurable goods decreased $8.5 billion or 3.4 percent to $240.8 billion.”
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5. The Big Lie: 5.6% unemployment.
From Gallup “Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.
None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.”
“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”
“Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America’s middle class.”
They’ve been fudging things for years. But it’s nice to see others finally catching on to it.
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6. And since we’re on the subject of big lies…..
From TheWashingtonTimes “The chairman of a special House committee created to investigate the 2012 Benghazi tragedy on Monday instructed his staff to review secretly recorded tapes and intelligence reports that detail Hillary Rodham Clinton’s role in advocating and executing the war in Libya, opening the door for a possible expansion of his probe.
Rep. Trey Gowdy’s decision to seek a review of the materials, first highlighted in a series of Washington Times stories last week, carries consequences for the 2016 election in which Mrs. Clinton is expected to seek the presidency. It could also move the committee to examine the strained relationship between the State Department and Pentagon, which sharply disagreed over the 2011 war in Libya and the response to the terrorist attack on the U.S. compound in Benghazi a year later.
The Times reported last week that U.S. intelligence did not support Mrs. Clinton’s story of an impending genocide in Libya that she used to sell the war against Moammar Gadhafi’s regime. The newspaper also unveiled secretly recorded tapes from Libya that showed that the Pentagon and Democratic Congressman Dennis Kucinich so distrusted her stewardship of the war that they opened their own diplomatic channels with the Gadhafi regime.
The tapes included candid conversations and allegations that Mrs. Clinton took the U.S. to war on false pretenses and was not listening to the advice of military commanders or career intelligence officers.”
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Wandering Views 