“When NBC used to cover energy issues, they identified themselves as a subsidiary of General Electric. CBS and Washington Post just have to disclose that they are subsidiaries of the Obama Administration.” – Daily Caller

 

By Matthew Boyle – The Daily Caller

EXCERPTS:

Obamacare’s Early Retiree Reinsurance Program (ERRP) — a $5 billion grant program that’s doling out cash to companies, states and labor unions … The Washington Post Company raked in $573,217 in taxpayer subsidies and CBS Corporation secured $722,388 worth of Americans’ money.

 

 

The ERRP, which Republicans call a slush fund, provides taxpayer money to Obama administration-selected states, companies and labor unions …. Almost $2 billion of the $5 billion fund, which was supposed to last until 2014, has already been distributed to corporations.

 

At a Friday morning hearing, the House Energy and Commerce Committee’s Subcommittee on Oversight and Investigations, chaired by Rep. Cliff Stearns, Florida Republican, asked Center for Consumer Information & Insurance Oversight (CCIO) official Steven Larsen for how the administration decides who gets a slice of the $5 billion pie – and how the application process works. In his response, Stearns referred to the fact that corporations like General Electric, Verizon and AT&T in addition to several labor unions were getting taxpayer funding.

 

FULL ARTICLE

H/T Sad Hill News

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