Drudge Retort: The Other Side of the News

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Wednesday, March 20, 2019

When CNN outrage-archeologist Andrew Kaczynski took a deep dive last week into the early-career policy statements of future Sen. Bernie Sanders (I-Vt.), he found a fringe politician in his 30s advocating "the public ownership of the major means of production," as well as a spokesman of a serious presidential campaign nearly five decades later being unapologetic about such textbook socialism. So what did Kaczynski (and today's co-author, Paul LeBlanc) find after mining the early-career policy musings of a then-obscure thirtysomething El Paso City Councilman named Beto O'Rourke? read more


Saturday, March 09, 2019

Chelsea Manning, the former Army intelligence analyst who provided archives of secret military documents to WikiLeaks in 2010, was taken into custody on Friday after a federal judge found her in contempt for refusing to testify before a grand jury that is investigating the antisecrecy group.


Friday, March 08, 2019

From a top bunk in a 12-person prison cell in Fort Dix, N.J., Martin Shkreli is at work on a big second act. Wielding little more than a contraband smartphone, the disgraced pharmaceutical executive remains the shadow power at Phoenixus AG, the drug company that became a national lightning rod for jacking up the prices of rare drugs under its former name, Turing Pharmaceuticals AG. Mr. Shkreli still helps call the shots. A few weeks ago he rang up his handpicked chief executive during a safari vacation -- to fire him, according to a person familiar with the exchange.


The federal government spends a disproportionate amount of its budget for outside contractors in the final month of the fiscal year, as agencies rush to blow through cash before it's too late. Among the more noteworthy expenditures in 2018, according to the watchdog group Open the Books, was $4.6 million for lobster tail and crab. read more


After debates and delays over the wording of the text, the House on Thursday overwhelmingly passed a resolution that broadly condemned hate. The resolution, which was crafted after freshman Rep. Ilhan Omar, D-Minnesota, made comments critical of Israel that detractors said played to anti-Semitic tropes, passed 407 to 23.


Comments

Very reasonable question. Too reasonable for this ----------- site, but lets check the scorecard anyways.

projects.propublica.org

The government committed bailout money to 978 recipients. Those recipients have received a total of $441 billion. A total of $390 billion has been returned.

The Treasury has been earning a return on most of the TARP money invested or loaned. So far, the total return is: $52.5B.

While the Treasury has paid out money to 978 recipients, only 780 of those received funds via investments meant to return money to taxpayers. The rest received subsidies through TARP's housing programs – that money (so far totaling $29.1 billion) isn't coming back.

Of the 780 investments made by the Treasury, 633 have resulted in a profit. 138 of the investments resulted in a loss. So far, the profits amount to $48.3 billion, while the losses amount to $17.3 billion. 9 of the investments are still outstanding.

The total amount invested in Fannie and Freddie so far is $191B. The Treasury has been earning a return on its investments, which has resulted in a profit. So far the companies have paid $297B in dividends to the Treasury.

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