The “Stimulus” That Keeps On Sucking

It’s bad enough that we borrowed a trillion dollars from China to waste on a “stimulus” program that actually destroyed 595,000 jobs, but it turns out that we lavished $24 billion of the massively useless pork potpourri on tax criminals! How cool was that?

Stimulus recipients found to be tax cheats

One construction company that won multiple awards of money under President Obama’s 2009 stimulus program was delinquent on its federal tax bill to the tune of $700,000, even as a company executive was blowing hundreds of thousands of dollars at casinos.

Yet another company failed to pay taxes, entered into a payment plan with the Internal Revenue Service, and then repeatedly defaulted on that agreement – and still won stimulus contracts worth more than $1 million, according to a Government Accountability Office report released Tuesday.

All told, government investigators found that during the period they examined, one out of every six stimulus contract or grant dollars went to a known tax cheat, according to Sen. Tom Coburn, an Oklahoma Republican who, along with several colleagues, requested the GAO review.

The review found that at least 3,700 stimulus recipients owed a total of more than $757 million in taxes, but were awarded $24 billion in stimulus money.

Read the report:

Thousands of Recovery Act Contract and Grant Recipients
Owe Hundreds of Millions in Federal Taxes

See also:
Report: Stimulus recipients owe $750 million in taxes
Companies that got stimulus money owe millions in back taxes
Stimulus contractors owe millions in back taxes
Stimulus Recipients Owe Back Taxes
Report: Stimulus Recipients Owe Hundreds Of Millions In Taxes
Stimulus money recipients owe billions in US taxes-GAO
GAO Report: 3,700 Stimulus Fund Recipients Owe Millions in Taxes
GAO Voices Concerns (Again) About Contracts, Grants Awarded to Delinquent Taxpayers
Senators: Tax delinquency issue larger than stimulus
Report: Tax dodgers pocketed $24B+

Now, you need to ask yourself, if the Obama administration was this incompetent that they gave $24 billion to known tax cheats, just how inept were they in frittering away the rest of the trillion dollars? If they couldn’t even catch the obvious gaming of the “stimulus” program, how much more undetected abuse and fraud is out there? I bet it totals in the hundreds of billions. And you, your children and grandchildren will get stuck paying for Obama’s “stimulus” folly, because we borrowed the trillion he wasted.

/Obama, putting the boon in boondoggle

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Where In The World Is Mohammed Omar?

Is Mullah Omar dead, alive, kidnapped by Western Intelligence, the ISI? No one seems to know, yet, or they’re not telling.

Afghanistan confirms of Taliban leader Mullah Omar’s disappearance

Afghanistan’s intelligence services on Monday confirmed that the one-eyed Taliban leader Mullah Omar, with a US$10 million bounty on his head, had disappeared from his Quetta hideout in Pakistan.

“We can confirm about the disappearance of Omar five days ago from his Pakistani hideout,” said Mashal, spokesman for the National Directorate of Security (NDS).

However, the NDS spokesman did not confirm a previous claim of an Afghan intelligence source of Omar’s assasination by Pakistan’s Inter-Services Intelligence (ISI) agency.

Taliban, meanwhile, brushed off rumors of their leader’s death or disappearance.

See also:
Mullah Omar: Dead or alive?
Mullah Omar dead? Widespread sources skeptical
Afghanistan: Is Mullah Omar dead?
Mullah Omar killed?
Mullah Omar dead???
FO says it can’t confirm killing of Mulla Omar
Taliban spokesman denies leader has been killed
Leader still alive: Taliban
Chief missing, Taliban say he’s fine
Taliban denies reports of Mullah Omar’s death
Mullah Omar ‘disappears’ from Pak hideout: Afghan official
Intel agency claims Taliban chief has disappeared
Taliban chief has disappeared in Pakistan
Mullah Omar left Pakistani hideout: Afghan intelligence
KABUL: TALIBAN LEADER MULLAH OMAR NOT SEEN IN TWO DAYS
Mullah Omar mystery: Afghan official says ISI took him
Mullah Mohammad Omar: profile of the one-eyed Taliban leader
Mohammed Omar

Obviously, capturing Mohammed Omar alive and holding him in Western custody would be the ideal state of affairs here. Shot dead or blown to smithereens would be the second best outcome, although some concrete proof of death would be nice to have. And who’s going to believe the Taliban that he’s still alive and free without proof of life? In any case, every day Omar stays missing is a good day for civilized people everywhere. If Mullah Omar disappears into thin air and there’s no one around that knows where he is, is he still the Taliban leader?

/I wonder how long you have to be missing in Pakistan before you’re declared legally dead?

Weekly Watch List

LULU
FOSL
AGP
NFLX
HS
BIDU
ILMN
INFA
PRGO
EW
ORCL
LCAPA

Additions:
LCAPA

Subtractions:
AAPL
AH
ARUN
HUM

Last week, the major indices all moved lower. the Nasdaq lost 0.9%, the Dow gave up 0.7%, the S&P 500 dipped 0.3%, and the NYSE composite faded 0.2%. The IBD outlook remains at “market in correction”. Hunker down, there doesn’t seem to be any obvious catalyst on the horizon that might stick a fork in this correction.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

/as usual, your mileage may vary, always do your own homework

Meet Doctor Watson

Is there anything Watson can’t do?

IBM Watson supercomputer turns to medicine

After battling the flesh-and-blood know-it-alls on “Jeopardy!,” IBM supercomputer Watson is getting ready for its next big challenge – helping doctors navigate the increasingly complex world of medicine.

Watson is being groomed to be a bedside medical tool – digesting medical textbooks, journals, treatment guidelines as well as information from patients’ blogs to diagnose illnesses quickly and accurately.

IBM says Watson, with its ability to understand language, can absorb questions about a patient’s symptoms and medical history and quickly suggest diagnoses and treatments. They envision several uses, including a doctor speaking into a handheld device to get answers at a patient’s bedside or to serve as a second opinion. Watson could also link to electronic health records that the federal government wants hospitals to maintain.

See also:
IBM’s Watson Makes the Move From Answering Trivia Questions to Making Medical Diagnoses
IBM’s Watson leaves Jeopardy to become a doctor (Morning Read)
Jeopardy-Winning Supercomputer Watson Turns Its Sights To Medicine
IBM’s Watson supercomputer to help diagnose hospital patients
‘Jeopardy!’-Winning Computer Delving Into Medicine
Researchers Preparing IBM’s Watson Computer for Medical Applications
Watson (computer)
Watson homepage
Watson Wins!

Well, if Watson is anywhere near as good at medicine as it is at Jeopardy!, it should be a better doctor than most. Seriously, if Watson doesn’t make mistakes and gets the diagnosis right, does it really matter if it’s man or machine?

/I, for one, welcome our new doctor machine overlords

This Is My Last Blog Post

Unless, you know, I’m not Raptured tomorrow and boy will I be dissapointed if I’m left behind.

How Harold Camping marketed the Rapture

Some Americans have extreme plans this weekend. A religious leader named Harold Camping has convinced them the end of the world starts at 6 p.m. ET Saturday.

Most of the world’s faithful do not believe the date is Judgment Day. But as CBS News correspondent Bill Whitaker reports, it seems just about everyone’s seen the signs about the end of the world.

“May 21st, 2011 is the day of judgment,” a Family Radio ad says. It’s a prophecy aggressively peddled by 89-year-old Harold Camping, a civil engineer and self-taught Biblical sage.

“You and I are living at the time of the end of the world,” Camping says.

He claims to have discerned the date from numerological calculations revealed by his reading of the Bible. He spread his prophecy around the world through broadcasts on his Family Radio network in 84 languages, on RV caravans and on 1,200 billboards around the country.

See also:
Predictor of May 21 doomsday unwavering
Harold Camping: Who is he and how did he calculate the end of the world?
Harold Camping predicts biblical judgement day may be May 21st
The end is nigh, says Family Radio’s Harold Camping
It’s the End of the World as We Know It
Judgement Day May 21, Harold Camping In Oakland, CA
Theologian: Harold Camping Lost the Gospel, Christ
Is Judgment Day on Saturday? Some believe, others scoff
If the end of the world is not on May 21, what will Camping’s followers do?
Jeffrey Weiss: Entrepreneurs poised to cash in on rapture
So how much would Doomsday cost?
End of the World 2011: What Hour Is It, Exactly?
Harold Camping

Of course, any fruitcake with a nut loose can do some mumbo jumbo numerological calculations, based on information that’s not actually found anywhere in the Bible, and come up with a date for Doomsday. It’s happened hundreds, if not thousands, of times over the centuries. But where do you get the 6 p.m. ET? That seems to be a bit of gratuitous icing on the freak cake.

/anyway, I suppose I’ll top off the cats’ food and water, just in case, I wonder if R.E.M. will get a little something extra in their royalty checks because of this?

Oops, They Did It Again!

Despite having nearly an entire month to get their act together, Sony’s apparently still wearing their security pants down around their ankles.

Sony Hacked Yet Again

Hard as it may be to believe, Sony has been hacked yet again.

According to a report in the Wall Street Journal, So-net Entertainment Corp., a Japanese ISP owned by the technology giant, said that hackers accessed its customer rewards site earlier this week and stole customers’ redeemable gift points worth about $1,225.

The incident is the latest in a weeks-long string of hacks and breaches of security for Sony. The trouble began on April 19, when the company began investigating and ultimately discovered a massive breach of security on its PlayStation Network, a cyberscandal that compromised the personal information of more than 100 million users.

See also:
Sony’s Security Nightmare Not Over, Hacked Again
Fresh security glitch adds to Sony’s woes
Sony hit again with two hacks
Sony hacked twice in one day, this time $1225 was stolen from accounts in Japan
Sony subsidiary So-net reports data breach
Yep, Looks Like Sony’s Been Hacked Again
Sony Faces Another Hack Attack
Sony hacked again
Sony Hacked Again, Server Hosting Credit Card Phishing Site
Do You Own A Sony HackStation?

And if all this hacking wasn’t bad enough . . .

Sony Can’t Guarantee PlayStation Network Security

Sony CEO Howard Stringer says he cannot guarantee the security of his company’s videogame network. . . . maintaining security is a “never-ending process,” and he cannot say that anyone is “100 percent secure.”

/not exactly confidence inspiring, I’ll be taking a pass on Sony products for the foreseeable future

Partners In Peace

These are the lovely people Israel is supposed give up land to for peace.

Haniyeh on Nakba Day: Pray for an end to Israel

Hamas Prime Minister Ismail Haniyeh spoke to Muslim worshipers on Sunday morning, telling them to pray for an end to Israel.

“Palestinians mark the Nakba with great hope of bringing to an end the Zionist project in Palestine,” Haniyeh told 10,000 people at Gaza City’s al-Omari mosque, AP reported.

“To achieve our goals in the liberation of our occupied land, we should have one leadership,” he reportedly said, praising the recent unity accord between Hamas and Fatah.

Haniyeh added that Hamas would not recognize Israel.

See also:
Israel Will Never Have Peace
Is The Invasion Of Israel Imminent?
Mahmoud Abbas’s formula for war
The Middle East mess
Haniyeh calls on Fatah to renounce recognition of Israel
Hamas to PLO: Rescind recognition of Israel
PLO urged to rescind Israel recognition

How difficult is it for liberals to comprehend that Fatah and Hamas are sworn to Israel’s destruction and have absolutely no intention of ever making peace with Israel. It’s not like it’s a big secret, just ask them or read the Hamas Charter

/Obama can make all the speeches he wants and demand that Israel do this or do that, but it’s all so much meaningless bull[expletive deleted] until Fatah and Hamas recognize Israel’s right to exist, which they’ve vowed never to do and there’s nothing Obama can, or will, do about it