MG1968
That’s No Moon…
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Review & Outlook: Leveraging a Hurricane - WSJ.com
Rahm Emanuel may have decamped to Chicago, but Democrats in Washington still won't let a good crisis go to waste. Their current gambit is to use Hurricane Irene as a pretext to prevent spending cuts to one of Washington's most notorious boondoggles.
This week the left-wing press has been attacking House Majority Leader Eric Cantor for holding disaster relief funding "hostage." A more accurate way to put this is that Senate Democrats won't approve new funding for disasters unless they get the funding they want for corporations that make electric cars.
Here's the story: In June, House Republicans passed the 2012 Homeland Security appropriations bill, which included an amendment adding $1 billion to the Disaster Relief Fund of the Federal Emergency Management Agency (FEMA). In a sensible move for taxpayers, the amendment offsets this new disaster funding by cutting spending on the Advanced Technology Vehicles Manufacturing Loan Program. This may ring a bell with readers as the funding conduit for one of Washington's adventures in crony capitalism.