It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.

The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that some companies are not under financial duress does not make the policy a success. It simply means that our taxpayer dollars subsidized companies that would’ve found the financial support in the private market.

via The Complete List of Obama’s Taxpayer-Backed Green Energy Failures.

At a campaign event for Barack Obama’s reelection campaign, Bill Clinton said that Mitt Romney’s argument “is true, we’re not fixed”:

“Governor Romney’s argument is, we’re not fixed, so fire him and put me in,” said Clinton. “It is true we’re not fixed. When President Obama looked into the eyes of that man who said in the debate, I had so much hope four years ago and I don’t now, I thought he was going to cry. Because he knows that it’s not fixed.”

UPDATE: A Romney spokesman comments: “We agree with former President Bill Clinton.  The economy has not been fixed under President Barack Obama.  Today, more than 23 million Americans are struggling for work, poverty has increased and food stamps are at record levels.  Mitt Romney believes we can do better by creating 12 million new jobs with higher take-home pay, cutting spending to put our nation on course for a balanced budget, and actually fixing our economy.”

via Clinton: I Thought Obama ‘Was Going to Cry’ | The Weekly Standard.

In the wake of the Treasury Department’s newly released summary of federal spending for 2012, it’s now possible to detail just how profligate the Obama years have been.  Here’s the upshot:  Under Obama, for every $7 we’ve had, we’ve spent nearly $11 (or, to be more exact, $10.95).  That’s like a family that makes $70,000 a year — and is already knee-deep in debt — blowing nearly $110,000 a year.

more via The 7-Eleven Presidency | The Weekly Standard.

Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase represents a rebound from the previous week’s sharp drop. Both swings were largely due to technical factors.

more via Weekly Jobless Claims Drop Proves to Be Short-Lived – US Business News – CNBC.

Welfare spending has grown substantially over the past four years, reaching $746 billion in 2011 — or more than Social Security, basic defense spending or any other single chunk of the federal government — according to a new memo by the Congressional Research Service.

The steady rise in welfare spending, which covers more than 80 programs primarily designed to help low-income Americans, got a big boost from the 2009 stimulus and has grown, albeit somewhat more slowly, in 2010 and 2011. One reason is that more people are qualifying in the weak economy, but the federal government also has broadened eligibility so that more people qualify for programs.

more via Welfare spending jumps 32% in four years – Washington Times.