● Congressional earmarks sometimes used to fund projects near lawmakers' properties... ● Congress's Phony Insider-Trading Reform... ● Obama denounces Senate vote to block Cordray at consumer watchdog agency... ● Walker signs 'castle doctrine' bill, other measures... ● Holder faces House Republicans over health-care law, ‘Fast and Furious’... ● Postal workers behaving badly!... ● The supercommittee failed because Democrats insisted on $1 trillion in new taxes... ● Happy Thanksgiving!... ● Supercommittee announces failure in effort to tame debt... ● Happy Veterans Day to the brave men and women of the United States Armed Forces....
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When the people fear the government, there is tyranny; When the government fears the people, there is liberty.  ~ Thomas Jefferson

 

Entries from March 8th, 2010

U.S. reportedly gives billions to firms doing business with Iran

March 8th, 2010 · Defense, Foreign Policy, Homeland Security, National Security, Non-Transparency, Politics

Monday, March 8, 2010

The U.S. government, while pushing for tougher sanctions against Tehran, has given $107 billion in the past 10 years to U.S. and foreign companies doing business in Iran, much of it in the energy sector, the New York Times reported in its Sunday editions.

Despite the threat of punishment for companies that seek U.S. federal contracts while dealing with Iran, the Times said successive administrations have struggled to exert authority over foreign companies and overseas units of U.S. firms.

Of the 74 companies the newspaper said it had identified as doing business with both the U.S. government and Iran, 49 still work with Iran and have no announced plans to leave.

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Key vacancies give Obama a chance to steer financial reform

March 8th, 2010 · Congress, Corruption, Deception, Democrats, Economy, Ethics, Federal Spending, Fraud Alert, Government Control, Greed, Money Lost, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Treason

By Binyamin Appelbaum Washington Post Staff Writer
Monday, March 8, 2010

President Obama has the chance during his first term to appoint leaders for each of the federal agencies that oversee banks, an important opportunity to reshape the government’s approach to regulation even as the White House struggles to push structural reforms through the Senate.

In his first such decision, Obama chose to keep Ben S. Bernanke as chairman of the Federal Reserve, in part because administration officials concluded that Bernanke had demonstrated a commitment to increasing the Fed’s focus on regulation and consumer protection. The administration also appointed a second Fed governor, Daniel K. Tarullo, to lead an overhaul of the central bank’s approach to regulation.

A second opportunity comes in August, when John C. Dugan reaches the end of his term as comptroller of the currency, the chief regulator for most of the nation’s largest banks.

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Ethics clouds over Rangel and Paterson are the talk of political Harlem

March 8th, 2010 · Accountability, Congress, Corruption, Deception, Democrats, Ethics, Government Control, Greed, States, Tax Dollars, Taxes

By Wil Haygood Washington Post staff writer
Monday, March 8, 2010

NEW YORK — Few will deny that the political landscape here in Harlem has yielded rich and galvanizing story lines. The arcs of those narratives have been taught and shared in classrooms across America.

Adam Clayton Powell Jr. and Charles B. Rangel became chairmen of powerful congressional committees. David N. Dinkins became the first black mayor of New York City, and David A. Paterson became the state’s first black governor. Percy Sutton and Basil Paterson, David’s father, became genuine power brokers, rolling between downtown and uptown with a sophisticated ease. The accomplishments gave Harlem a swagger and also a sweet pride.

Then came last week.

In what seemed like a double-barreled whammy of political shock and setback, Rangel stepped down as chairman of the Ways and Means Committee because of an ongoing ethics investigation and Paterson’s reign took on a tick-tock, tick-tock echo as many — supporters and foes alike — called for his resignation because of allegations that he interceded on behalf of a staffer in a domestic abuse case and accepted free tickets to a baseball game.

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Thin wall separates lobbyist contributions and earmarks

March 8th, 2010 · Accountability, Congress, Corruption, Deception, Ethics, Greed, Healthcare, Money Lost, Politics, Selling Out the US, Tax Dollars, Taxes

By R. Jeffrey Smith Washington Post Staff Writer
Sunday, March 7, 2010

House Appropriations defense subcommittee member James P. Moran Jr. (D-Va.) works hard at fundraising: Two to three times a week, he telephones contributors to ask for more. Yet, according to the account he supplied to the Office of Congressional Ethics last year, he is unaware of “who made donations” or how much they gave, and so that information plays no role in his earmarking — the systematic granting of public funds for mostly private purposes.

Fellow subcommittee member Norm Dicks (D-Wash.) similarly presides over fundraisers arranged by his staff for defense firms and lobbyists every three months or so, according to his office’s account. An aide in charge of Dicks’s earmarks attends the fundraising events. But Dicks and the aide told investigators they were unaware of the substantial overlap between defense industry contributions to Dicks and his earmarks to contributors.

The House ethics committee on Feb. 26 exonerated Dicks, Moran and five other defense subcommittee members of allegations that they had abused their offices by, in essence, selling earmarks to donors. In so doing, it drew heavily on promises such as these by lawmakers and staff members that their campaign fundraising operations had been carefully walled off from their earmarking decisions. Otherwise, their actions would violate laws and rules that bar any link between such donations and legislative acts.

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Democratic activists channel anger into Arkansas Senate race

March 8th, 2010 · Democrats, Dissention, Ethics, Greed, Senate

By Perry Bacon Jr. – Sunday, March 7, 2010

Democratic activists flooding money into a primary challenge against Sen. Blanche Lincoln (D-Ark.) say the race isn’t simply about defeating the incumbent. It is also about rebuking a Democratic-controlled Congress that they say isn’t pursuing an aggressive, populist agenda.

After Arkansas Lt. Gov. Bill Halter announced Monday that he would challenge Lincoln, liberal donors from groups such as MoveOn.org poured more than $1 million into his campaign, an unusually high sum for the first two days of campaigning. Liberals blasted Lincoln with anti-Washington rhetoric that sounded more like the conservative tea party movement. The groups are particularly critical of her opposition to the public option, as it is known, in the health-care bill and her support in 2008 for a Wall Street bailout.

The primary contest illustrates the challenge Democrats face in trying to please activists who worked hard to elect President Obama and congressional Democrats and now want to see results. They also want to lure independent voters who helped the party win the 2006 and 2008 elections but now express wariness about the Democratic agenda.

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