Quotes of the day

posted at 8:31 pm on November 13, 2011 by Allahpundit

“Members of Congress have bought stock in companies while laws that could affect those companies were being debated in the House or Senate, the CBS news program ’60 Minutes’ said on its website.

“The program’s correspondent, Steve Kroft, at news conferences on Nov. 3 asked Representative Nancy Pelosi, a California Democrat, and Representative John Boehner, an Ohio Republican, about stock purchases, according to a report today in the San Francisco Chronicle, which is published in Pelosi’s district…

“Boehner, the speaker of the House, said he didn’t make day- to-day decisions about stock purchases and hasn’t ‘for years.’ Pelosi, former speaker of the House, said it was ‘a false premise’ that she would act legislatively on the basis of an investment, according to videos posted on the Breitbart.tv website.”

***

“Laws against insider trading – making stock bets based on information the public doesn’t have – do not apply to Congress. Studies have shown that stock portfolios on Capitol Hill outperform the market. Legislation that would ban insider trading by members and staffers has languished…

“Several studies have shown that members of Congress and their staffs do better in the stock market than the public. A 2011 study by four university researchers found that a portfolio that mirrored stock purchases by House members from 1985 to 2001 beat the market by 6 percent a year. The same authors found that senators beat the market by 12.3 percent from 1993 to 1998.

“The Wall Street Journal reported a year ago that in 2008 and 2009 at least 72 congressional aides traded shares of companies that their bosses helped oversee. The staff interviewed included a Pelosi aide who said her husband made the trades based on newspaper reports and that she knew nothing about them.”

***

“Pelosi received her Visa IPO almost two weeks after a potentially damaging piece of legislation for Visa, the Credit Card Fair Fee Act, had been introduced in the House. If passed, the bill would have cut into Visa’s profits substantially by lowering so-called ‘interchange fees,’ the 1% to 3% charge retailers pay Visa when customers use Visa cards for purchases. Interchange fees are a critical source of revenue for the four credit card companies–$48 billion in 2008, to be exact…

“Despite broad public support for the bill—77% in one study—Pelosi saw to it that the bill never made it to the House floor…

“Pelosi eventually supported something called the Credit Card Reform Act. Curiously, the all-important interchange fees went untouched by that legislation. Instead, the bill stated that the interchange fee issue should simply be ‘studied.’ The bill’s other measures would not affect Visa but rather its client banks. In short, the Credit Card Reform Act ensured that Visa and the other credit card companies dodged a potentially costly bullet.”

***

“The so-called 1705 Loan Guarantee Program and the 1603 Grant Program channeled billions of dollars to all sorts of energy companies. The grants were earmarked for alternative-fuel and green-power projects, so it would not be a surprise to learn that those industries were led by liberals. Furthermore, these were highly competitive grant and loan programs—not usually a hallmark of cronyism. Often fewer than 10 percent of applicants were deemed worthy.

“Nevertheless, a large proportion of the winners were companies with Obama-campaign connections. Indeed, at least 10 members of Obama’s finance committee and more than a dozen of his campaign bundlers were big winners in getting your money. At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy’s own numbers … a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party. The grant and guaranteed-loan recipients were early backers of Obama before he ran for president, people who continued to give to his campaigns and exclusively to the Democratic Party in the years leading up to 2008. Their political largesse is probably the best investment they ever made in alternative energy. It brought them returns many times over.

“These government grants and loan guarantees not only provided access to taxpayer capital. They also served as a seal of approval from the federal government. Taxpayer money creates what investors call a ‘halo effect,’ in which a young, unprofitable company is suddenly seen to have a glowing future. The plan is simple. Invest some money, secure taxpayer grants and loans, go public, and then cash out. In just one small example, a company called Amyris Biotechnologies received a $24 million DOE grant to build a pilot plant to use altered yeast to turn sugar into hydrocarbons. The investors included several Obama bundlers and fundraisers. With federal money in hand, Amyris went public with an IPO the following year, raising $85 million. Kleiner Perkins, a firm that boasts Obama financier John Doerr and former vice president Al Gore as partners, found its $16 million investment was now worth $69 million. It’s not clear how the other investors did. Amyris continues to lose money. Meanwhile, the $24 million grant created 40 jobs, according to the government website recovery.gov.”

***

***

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With federal money in hand, Amyris went public with an IPO the following year, raising $85 million. Kleiner Perkins, a firm that boasts Obama financier John Doerr and former vice president Al Gore as partners, found its $16 million investment was now worth $69 million. It’s not clear how the other investors did. Amyris continues to lose money. Meanwhile, the $24 million grant created 40 jobs, according to the government website recovery.gov

Government IS the problem…
/RWR

ted c on November 13, 2011 at 8:35 PM

firstest, bizzitches…

ted c on November 13, 2011 at 8:35 PM

Princess Nancy

SouthernGent on November 13, 2011 at 8:35 PM

these type of things are inherently more damaging to Rs that Ds. The entire Dim strategy is based on graft, and their constituents know it…and expect it. that is why they vote for them in the first place…sure, the pols get their cut, but the voters get theirs too.

r keller on November 13, 2011 at 8:40 PM

Wow, Obama donors benefited from special loans.

Color me shocked.

/s

AZfederalist on November 13, 2011 at 8:47 PM

This is the kind of thing that caused the Roman Republic to become the Roman Empire.

Pretty sick.

HondaV65 on November 13, 2011 at 8:47 PM

The staff interviewed included a Pelosi aide who said her husband made the trades based on newspaper reports and that she knew nothing about them.”

yeah, and I’ll still respect you in the morning.

darwin-t on November 13, 2011 at 8:49 PM

copy from my first post post on the subject…

Wow… What a game of name that party…

I watched the whole 60 Minute report and all I heard was Republican, Republican & then all of a sudden u only heard name of congress people….

So if u’r one of the normals that don’t keep up or google names… All u come out with is that Republicans are insider trading… Even though the Dem’s seem to be the one’s that not only do it themselves but involve family members….

Throw them all out… But that should include Dem’s… Unlike 60′s minutes name that other party game imply…

Y314K on November 13, 2011 at 8:49 PM

Crony Capitalism!

idesign on November 13, 2011 at 8:50 PM

And the STOCK Act can’t get more than a handful of co-sponsors. Imagine that.

lynncgb on November 13, 2011 at 8:53 PM

Why are we pretending this is some great revelation? If I had to guess I would say every single member of congress has increased their personal wealth on nonpublic information. That’s why they made it legal for them to do it.

lowandslow on November 13, 2011 at 8:54 PM

idesign on November 13, 2011 at 8:50 PM

Indeed it is. And the candidate who can make and did make it an issue and who has actually fought both corruption and energy subsisdies and who can actually accomplish things is not running. Pretty sad.

promachus on November 13, 2011 at 8:55 PM

It should be simple. If you’re in Congress you move your stocks to a blind trust. I believe thats what Boehner has. It means you do not control the trades, but a third party does based on conditions you set.

Zaggs on November 13, 2011 at 8:55 PM

Dan Rostenkowski is rolling over in his grave and wondering why he didn’t think of this.

Knucklehead on November 13, 2011 at 8:56 PM

I watched the whole 60 Minute report and all I heard was Republican, Republican & then all of a sudden u only heard name of congress people…

Y314K on November 13, 2011 at 8:49 PM

I noticed that too.

lynncgb on November 13, 2011 at 8:57 PM

There has to be a way to get them…

tinkerthinker on November 13, 2011 at 8:57 PM

O/T
—-

In interview, wife of GOP presidential candidate Herman Cain says allegations don’t square with her husband – @nytimes
46 Minutes ago.
Update

http://www.breakingnews.com/
******************************

November 13, 2011, 6:40 pm
Gloria Cain Says Allegations Don’t Square With Her Husband
***********************************************************

Two weeks after a report linked Herman Cain to sexual harassment allegations, his wife, Gloria Cain, opened up publicly about the matter Sunday, saying, “I’m thinking he would have to have a split personality to do the things that were said.”

In an interview conducted Sunday with “On The Record w/ Greta Van Susteren,” Ms. Cain said the descriptions from women accusing her husband of sexual harassment did not square with the man to whom she has long been married.(More…..)
========================================

http://thecaucus.blogs.nytimes.com/2011/11/13/gloria-cain-says-allegations-dont-square-with-her-husband/?hp

canopfor on November 13, 2011 at 8:57 PM

News like this won’t make a hill of beans. The MSM won’t report on it and the OWS’ers are too stupid to realize their money has been taken by the very people they purport to support. The lawyers in Congress won’t do anything to turn off the gravy train. With very few exceptions, politicians simply disgust me.

TulsAmerican on November 13, 2011 at 8:58 PM

“One line in a bill in Congress can be worth millions and millions of dollars. ”

Congressman Bryan Baird (D-WA)

Abramoff: So what we did was we crafted language that was so obscure, so confusing, so uninformative, but so precise to change the U.S. code.

Stahl: Here’s what you tried to get tacked on to this reform bill.

Abramoff: Yeah.

Stahl: “Public law 100-89 is amended by striking section 207 (101 stat. 668, 672).”

Abramoff: Right. Now isn’t that obvious what that means? It was perfect. It was perfect.

Stahl: So that’s what you tried to get inserted?
Abramoff: Yes.

Stahl: And that was gonna provide for a casino?

Abramoff: Yes.

aquaviva on November 13, 2011 at 9:00 PM

Never ever confuse “60 Minutes” with either “journalism” or “fact”. They don’t do either. They do propaganda. They always have.

CrazyGene on November 13, 2011 at 9:02 PM

Indeed it is. And the candidate who can make and did make it an issue and who has actually fought both corruption and energy subsisdies and who can actually accomplish things is not running. Pretty sad.

promachus on November 13, 2011 at 8:55 PM

She new all about this when she said “7 out of the top ten suburbs in the country are in Washington!”

idesign on November 13, 2011 at 9:04 PM

Who watches the watchers? Do you expect those that write the laws be held accountabletinder those same laws?

EliTheBean on November 13, 2011 at 9:04 PM

Do you expect those that write the laws be held accountabletinder those same laws?

EliTheBean on November 13, 2011 at 9:04 PM

They write exemptions for themselves into the laws they write.

darwin-t on November 13, 2011 at 9:07 PM

firstest, bizzitches…

ted c on November 13, 2011 at 8:35 PM

LOL!..:)

Dire Straits on November 13, 2011 at 9:09 PM

idesign on November 13, 2011 at 9:04 PM

*yawn*..

Dire Straits on November 13, 2011 at 9:09 PM

They write exemptions for themselves into the laws they write.

darwin-t on November 13, 2011 at 9:07 PM

For further information please see ObamaCare.

Knucklehead on November 13, 2011 at 9:11 PM

*yawn*..

Dire Straits on November 13, 2011 at 9:09 PM

Get some *rest*..

idesign on November 13, 2011 at 9:13 PM

idesign on November 13, 2011 at 9:13 PM

I’m fine..:)

Dire Straits on November 13, 2011 at 9:18 PM

“Pelosi eventually supported something called the Credit Card Reform Act. Curiously, the all-important interchange fees went untouched by that legislation. Instead, the bill stated that the interchange fee issue should simply be ‘studied.’ The bill’s other measures would not affect Visa but rather its client banks. In short, the Credit Card Reform Act ensured that Visa and the other credit card companies dodged a potentially costly bullet.”

Setting the obvious corruption issue aside, the government should not stepping into business negotiations like that. If businesses don’t like paying the fee, then they should pass it on to customers that pay with credit cards by offering a discount for cash.

Count to 10 on November 13, 2011 at 9:20 PM

B.a.n.a.n.a. Republic.

“If Congress can employ money indefinitely to the general welfare, and are the sole and supreme judges of the general welfare, they may take the care of religion into their own hands; they may appoint teachers in every State, county and parish and pay them out of their public treasury; they may take into their own hands the education of children, establishing in like manner schools throughout the Union; they may assume the provision of the poor; they may undertake the regulation of all roads other than post-roads; in short, every thing, from the highest object of state legislation down to the most minute object of police, would be thrown under the power of Congress…. Were the power of Congress to be established in the latitude contended for, it would subvert the very foundations, and transmute the very nature of the limited Government established by the people of America.”
James Madison

Speakup on November 13, 2011 at 9:21 PM

September 6, 2002
Lawmakers Joined Executives In Profiting From IPO Access
*********************************************************

Several members of congressional committees now investigating how Wall Street doles out lucrative initial public offering stocks to favored bigwigs have themselves gotten access to coveted IPOs.

http://christinewhelan.com/journalism/the-wall-street-journal
===============================

(PDF)
http://www.christinewhelan.com/pdf/Lawmakers_joined_Executives.pdf

canopfor on November 13, 2011 at 9:21 PM

canopfor on November 13, 2011 at 9:21 PM

Thanks for the links..:)

Dire Straits on November 13, 2011 at 9:23 PM

Will the MSM cover it?

idesign on November 13, 2011 at 9:24 PM

Congress, (and the MSM), has made it perfectly clear that they no longer serve We the People so the more light we can shed on who they do serve, the quicker we can bring them down and restore a Constitutional government.

FloatingRock on November 13, 2011 at 9:25 PM

I’m looking forward to find out who all is guilty of this behavior in both parties. The tea party has it’s work cut out for it.

FloatingRock on November 13, 2011 at 9:26 PM

…I mean the real tea party, not Boehner’s.

FloatingRock on November 13, 2011 at 9:26 PM

“If Congress can employ money indefinitely to the general welfare, and are the sole and supreme judges of the general welfare, they may take the care of religion into their own hands; they may appoint teachers in every State, county and parish and pay them out of their public treasury; they may take into their own hands the education of children, establishing in like manner schools throughout the Union; they may assume the provision of the poor; they may undertake the regulation of all roads other than post-roads; in short, every thing, from the highest object of state legislation down to the most minute object of police, would be thrown under the power of Congress…. Were the power of Congress to be established in the latitude contended for, it would subvert the very foundations, and transmute the very nature of the limited Government established by the people of America.”
James Madison

Speakup on November 13, 2011 at 9:21 PM

Madison was a prophet.
This scum are profiteers.

darwin-t on November 13, 2011 at 9:27 PM

canopfor on November 13, 2011 at 9:21 PM

Check this out..:)

Dire Straits on November 13, 2011 at 9:27 PM

canopfor on November 13, 2011 at 9:21 PM

Check this out..:)

Dire Straits on November 13, 2011 at 9:29 PM

This is the kind of thing that caused the Roman Republic to become the Roman Empire.
HondaV65 on November 13, 2011 at 8:47 PM

It’s also the kind of thing that caused King George to get his butt kicked right out of North America. Time to remind Congress that Gitmo has plenty of space available.

Bishop on November 13, 2011 at 9:29 PM

It’s also the kind of thing that caused King George to get his butt kicked right out of North America. Time to remind Congress that Gitmo has plenty of space available.

Bishop on November 13, 2011 at 9:29 PM

If we have to shove them in tight, all the better.

FloatingRock on November 13, 2011 at 9:33 PM

You know the tea party doesn’t have to tolerate the GOP establishment any more than we have to tolerate the D establishment. We don’t have to ‘get are azz in line”, like Boehner says, he works for us!

FloatingRock on November 13, 2011 at 9:34 PM

are = our

FloatingRock on November 13, 2011 at 9:35 PM

WHERE DID THAT Extra $1 Billion Go??!!
======================================

Solyndra IPO
Why the Government Should Have Seen the Solyndra Collapse Coming
September 28, 2011
********************

If you knew of a company that had high manufacturing costs, was in a highly competitive market, and was hemorrhaging money, would you invest in it?

Well, U.S. President Barack Obama and the federal government did – using taxpayer money.

And now that company, Solyndra LLC, is bankrupt, and the $535 million loan it secured from the government stands little chance of being repaid.

Republicans have seized upon the Solyndra collapse as a political embarrassment for the Obama administration, which pressured the U.S. Department of Energy to approve the loan application in August 2009.

President Barack Obama’s May 2010 visit to the Fremont, CA, facility established Solyndra as a focal point for his green jobs initiative.

But as a money-losing company with a business model that virtually assured eventual collapse, Solyndra was a bad bet. The company filed for Chapter 11 bankruptcy protection on Sept. 6.

“Solyndra was never profitable, and it was obviously poorly managed and unviable in the global market,” Rep. Cliff Stearns, R-FL, chairman of a congressional panel investigating the Solyndra bankruptcy, told The New York Times.

It’s amazing Solyndra needed a federal loan guarantee at all; it attracted $1 billion in private capital in addition to half billion it received through the federal loan guarantee program in September 2009.

Yet, by the end of August, most of it was gone.

Although the Obama administration has blamed the Solyndra collapse on poor luck and stiff competition from Chinese solar companies, many warning signs were apparent even before the loan guarantee was approved.

The evidence includes:
(More….)
===============================

http://moneymorning.com/tag/solyndra-ipo/

canopfor on November 13, 2011 at 9:36 PM

Maybe the states should get a Constitutional amendment going that will allow us to call a total reelection of Congress and the President so that we can throw them all out at the same time without having to resort to pitchforks and tar and feathers….?

FloatingRock on November 13, 2011 at 9:42 PM

Washington is a total whoredom.

And as Breitbart has noted, Republicans are too compromised to make it an issue. This was why Palin’s withdrawal was such a tragedy of lost opportunity. Corruption is the lodestar issue. No one left has the wherewithal or guts to sieze it. Cain showed outsider promise but he’s fading (and never had the chops anyway). Romney? Ha. Perry, forget it. Gingrich — how enmeshed in Washington has he been? If Gingrich is shrewd like I hope he is, it won’t matter — he’ll take a page from the left and sieze the issue anyway. Become the champion of reform.

rrpjr on November 13, 2011 at 9:45 PM

canopfor on November 13, 2011 at 9:21 PM
Check this out..:)

Dire Straits on November 13, 2011 at 9:29 PM

Dire Straits:Wow,I’d be soiling my shorts,nightmarish me thinks,
with all that water!:)

canopfor on November 13, 2011 at 9:45 PM

Dire Straits:Wow,I’d be soiling my shorts,nightmarish me thinks,
with all that water!:)

canopfor on November 13, 2011 at 9:45 PM

LoL!.. I agree..Way too big for my taste..:)

Dire Straits on November 13, 2011 at 9:48 PM

Cozy crony capitalism.

profitsbeard on November 13, 2011 at 9:53 PM

A 2011 study by four university researchers found that a portfolio that mirrored stock purchases by House members from 1985 to 2001 beat the market by 6 percent a year. The same authors found that senators beat the market by 12.3 percent from 1993 to 1998.

Do a study to find out how the NYT editors & other Dem leg-humper “reporters” have fared. Bets on the ones with the closest access having the higher portfolio returns too.

batterup on November 13, 2011 at 9:57 PM

O/T

Speaking of more Madness,secure your seatbelts,
the “MONSTER” is Free to Roam!!!!!!
================================================

Report: Judge who ordered ex-Penn State coach Sandusky free on bail had volunteered with his charity – @Deadspin
2 Hrs.ago
Hot
Update

http://www.breakingnews.com/
*******************************

Judge Who Set Unsecured Bail For Jerry Sandusky Is a Second Mile Volunteer
**********

When Jerry Sandusky was initially arraigned, as previously reported by Sara Ganim, prosecutors requested $500,000.00 bail and that Sandusky be required to wear a leg monitor. District Judge Leslie Dutchcot, however, ordered that Sandusky be freed on $100,000.00 unsecured bail. She ordered that Sandusky be freed and pay nothing unless he failed to show up for a court hearing.

Judge Dutchcot has quite the professional resume. In addition to her duties as District Judge, she is of counsel to the firm Goodall & Yurchak. It speaks to the small town nature of the county, I suppose, that the firm’s URL is “centrelaw.com.” According to her profile, Judge Dutchcot has been named the State College Lawyer of the Year, completed a “Leadership” program and has served as a counselor at Centre County Law Enforcement Camp Cadet, Inc.

Of course, also according to her profile, Judge Dutchcot is a volunteer for Sandusky’s group, The Second Mile. Sandusky turned himself in the morning of November 5, a Saturday, at Judge Dutchot’s Centre County office. He was released, under the aforementioned terms, shortly thereafter.

Attorneys often serve charitable foundations in their pro bono capacities, or just volunteer in their spare time, so there is nothing weird about that. It just seems that, given the nature of the charges, the small town atmosphere and her relationship to Second Mile, Judge Dutchcot should have recused herself from being involved with this process. Or, that could be precisely why she did not.
=============

http://deadspin.com/5859075/judge-who-set-unsecured-bail-for-jerry-sandusky-is-a-second-mile-volunteer

canopfor on November 13, 2011 at 9:59 PM

Do a study to find out how the NYT editors & other Dem leg-humper “reporters” have fared. Bets on the ones with the closest access having the higher portfolio returns too.

batterup on November 13, 2011 at 9:57 PM

Good point. Maybe this is one of those things that makes the ruling class in general so superior to the rest of us; insider trading.

FloatingRock on November 13, 2011 at 10:00 PM

Good point. Maybe this is one of those things that makes the ruling class in general so superior to the rest of us; insider trading.

FloatingRock on November 13, 2011 at 10:00 PM

This should be enough to have every incumbent removed from office over the next 3 election cycles. No exceptions, none!

darwin-t on November 13, 2011 at 10:04 PM

Another thing that makes the ruling class better than the rest of us is that they get to taze us. /referring to the second subject of 60M

FloatingRock on November 13, 2011 at 10:04 PM

Why on earth would Congress be exempt from insider trading laws..?other than they pass all the laws, of course..!

d1carter on November 13, 2011 at 10:06 PM

Why on earth would Congress be exempt from insider trading laws..?other than they pass all the laws, of course..!

d1carter on November 13, 2011 at 10:06 PM

Those who make the rules will remain the rulers for as long as they wish.

darwin-t on November 13, 2011 at 10:08 PM

Was 60 Minutes trying to take the heat off the ObaMao administration’s cozy crony capitalism of bundlers and profiteers by focusing on all of those Republicans?

onlineanalyst on November 13, 2011 at 10:14 PM

“When I use a word make a law,” Humpty Dumpty said, in rather a scornful tone, “it means just what I choose it to mean - neither more nor less.”

“The question is,” said Alice, “whether you can make words laws mean so many different things.”

“The question is,” said Humpty Dumpty, “which is to be the master - that’s all.”

batterup on November 13, 2011 at 10:14 PM

Repeating my post from the Headlines:

The program focuses on a lot of Republicans but ignores people like Harry Reid, Barney Frank, Chris Dodd, John Murtha, Diane Feinstein, etc. This was not exactly a “fair and balanced” presentation.

Don’t you just love how wide-eyed Pelosi tut tuts and dismisses requests for information? She acts in high dudgeon after feigning ignorance.

onlineanalyst on November 13, 2011 at 10:19 PM

Just caught a minute of 60 minutes but I can’t wait for O’Reilly to have the body language expert in to analyze Madame Pelosi’s blinky, twitchy & squirmy reaction to questions. It’s a safe bet it’s gonna be viral on You Tube.

Buy Danish on November 13, 2011 at 10:27 PM

Tie all of this graft and corruption in with the thrust of Ms. Malkin’s column on “Pork Chop Patty Murray: Queen of the Super Committee.”
http://michellemalkin.com/2011/11/11/k-streets-super-committee-splurge-party-time-for-pork-chop-patty-murray/

onlineanalyst on November 13, 2011 at 10:28 PM

idesign on November 13, 2011 at 10:23 PM

Why do you think that a young inexperienced senator without seniority was allowed to run away with the nomination? They must’ve promised billions in payback and he delivered. That is also one reason why Palin didn’t run. The GOP side asked for their own paybacks and she refused. “I am not for sale”, that was her motto.

promachus on November 13, 2011 at 10:29 PM

This should be enough to have every incumbent removed from office over the next 3 election cycles. No exceptions, none!

darwin-t on November 13, 2011 at 10:04 PM

We’ve got to throw all or most of the bad guys out all at the same time to really make a difference. There are a few dozen keepers in the House and a few in the Senate but if we have to replace them to get rid of the rest it may be worth it. I’d rather keep the good ones so that we have some continuity of government and they will help shape the new establishment.

As proof, remember the great tea party victory in ’10: most of the “tea party freshmen” have long since defected to the GOP establishment already. There were only a few newbies that are really worth their salt. It would take a lifetimes worth of elections to make much progress at that rate. (Moral leadership from above would sure help.)

If this corruption is just allowed to pass and the guilty don’t resign and the problem isn’t resolved, all the more reason to make darned sure we have a small-gov reform President to check Congress.

FloatingRock on November 13, 2011 at 10:29 PM

The interesting thing about the 60 minutes piece that while they say both parties a guilty, they only mention 5 congress persons by name and 4 (the first 4 discussed) are Republicans.

PackerBronco on November 13, 2011 at 10:30 PM

…’Moral leadership from above’ in the context of a good President.

FloatingRock on November 13, 2011 at 10:31 PM

Both parties SUCK SUCK SUCK.

They are both beyond saving by a lazy citizenry more interested in the latest Happy meal toy and the newest app for their cellphone.

PappyD61 on November 13, 2011 at 10:38 PM

sadly.

PappyD61 on November 13, 2011 at 10:39 PM

So I guess 60 Minutes looked at Fast & Furious, Solyndra, etc. and didn’t see enough there to make a story?

We’ve got to hear about Congresscritters stock purchases?

Good to know all those other issues are all tied up… /

catmman on November 13, 2011 at 10:43 PM

Then obviously there needs to be a tax of approximately 6% added to the capital gains tax for any gain made on a stock during a Congressman’s term and 12% for Senators. They want to be patriotic, I am certain.

txmomof6 on November 13, 2011 at 10:44 PM

Oh and include staffers as well in that extra added patriotic tax on capital gains.

txmomof6 on November 13, 2011 at 10:45 PM

LEGISTORM
===========

About Us
———

LegiStorm launched in September 2006. Our web site is dedicated to providing a variety of important information about the US Congress.

Based on Capitol Hill in Washington, DC, LegiStorm’s first information product was a database of congressional staff salaries but we have now added other valuable information, such as the most comprehensive database of all privately financed trips taken by members of Congress and congressional staffers.
===============================================

http://www.legistorm.com/

canopfor on November 13, 2011 at 10:45 PM

The interesting thing about the 60 minutes piece that while they say both parties a guilty, they only mention 5 congress persons by name and 4 (the first 4 discussed) are Republicans.

PackerBronco on November 13, 2011 at 10:30 PM

If we have a list of Ds and Rs that have engaged in this practice you could mathematically determine just exactly how bias they were. Unless there are 4 or 5 times as many guilty Rs then it is strong evidence of bias.

I can’t wait to see ‘the list’.

FloatingRock on November 13, 2011 at 10:47 PM

Congressional Personal Financial Disclosures by Last Name
**********************************************************

http://www.legistorm.com/pfd_by_name.html

canopfor on November 13, 2011 at 10:47 PM

Letter to GAO: Review the Financial Disclosure System

Why don’t lawmakers disclose nonprofits and charities they are affiliated with?

Fix Congress’ Personal Financial Disclosures
Oct. 12, 2010, 3:49 p.m.

GOP lawmaker overseeing Rangel trial has also failed to disclose assets

What should lawmakers do about personal stock holdings?

Lawmaker Investments and Disclosure

Health Reform Dissenter Received Inordinately Large Pay-Out From Pharmacy Chain in Purchase of Pharmacy
=========================================

http://sunlightfoundation.com/blog/taxonomy/term/personal-financial-disclosure/

canopfor on November 13, 2011 at 10:54 PM

Personal Finances: Overview
*****************************
In some ways, lawmakers’ finances look a lot like those of many Americans. They include diverse portfolios of stocks, bonds, mutual funds and real estate. They have bank accounts, credit cards and mortgages. The difference: Politicians generally have more money and — unlike most people they represent — they must make their investments public.
==============================

http://www.opensecrets.org/pfds/index.php

canopfor on November 13, 2011 at 10:56 PM

Pelosi will defeat 60 Minutes. She defeats everybody. Nothing will take this woman down. I was in Washington in 2009 when she was confronted with her lies about CIA briefings on torture. She plainly, provably, audaciously lied in the press conference. Anybody in the MSM could have connected the dots. No one did. On she went. Indestructible.

rrpjr on November 13, 2011 at 11:00 PM

The 50 Richest Members of Congress
Sept. 16, 2010, 9:26 a.m.
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http://www.rollcall.com/features/Guide-to-Congress_2010/guide/-49892-1.html

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Lawmakers Deny Insider Trading in ‘60 Minutes’ Report
Roll Call Staff
Nov. 13, 2011, 8:49 p.m.
UPDATED:10:30PM
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Members of Congress may be personally profiting from insider information they gather while legislating, according to a “60 Minutes” report that aired tonight.

A segment on the long-running TV news show noted that insider-trading laws do not apply to Members of Congress, highlighting several suspiciously timed deals in which lawmakers profited.
(More………..)
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http://www.rollcall.com/news/lawmakers_deny_insider_trading_60_minutes_report-210276-1.html?pos=hln

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canopfor on November 13, 2011 at 11:03 PM

This is the kind of thing that caused the Roman Republic to become the Roman Empire.

Pretty sick.

HondaV65 on November 13, 2011 at 8:47 PM

Which is one more reason why Mr Crony government himself (Perry) should not become POTUS.

csdeven on November 13, 2011 at 11:10 PM

I suppose that one of the advantages for our corrupt rulers gain from meeting behind closed doors all the time is it gives them time to establish a position in the market before information is released to the public.

FloatingRock on November 13, 2011 at 11:20 PM

Shock! HA columnists, bloggers and commenters are so angered by this report. And yet they love to resurrect Newt Gingrich’s career as next President.

Common, guys. Just ask Gingrich about the same issue. After all, he’s the first House Speaker convicted of ethics violation due to “money” thing.

BWAHAHAH! Republicans have already lost their common sense.

Let a new Conservative Party (away from Ron Paul)rise from the ashes of the GOP! Real Tea Party people and Sarah Palin, thanks for not joining the circus of the Republican primary! You can start a new conservative upheaval from the ground!

TheAlamos on November 13, 2011 at 11:21 PM

TheAlamos on November 13, 2011 at 11:21 PM

I’d love a 3rd party and have suggested Sarah Palin/Ron Paul because they’re both reformers that represent the two sides of the tea party coin. If we can’t throw them all out at the same time, at least we should start over with a clean party without all the same old good old boys behind the scenes.

FloatingRock on November 13, 2011 at 11:28 PM

Common, guys. Just ask Gingrich about the same issue. After all, he’s the first House Speaker convicted of ethics violation due to “money” thing.

TheAlamos on November 13, 2011 at 11:21 PM

TheAlamos:Here ya go!!
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Ethics Panel Supports Reprimand of Gingrich
Jan 18 1997
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The House ethics committee recommended last night that House Speaker Newt Gingrich (R-Ga.) face an unprecedented reprimand from his colleagues and pay $300,000 in additional sanctions after concluding that his use of tax-deductible money for political purposes and inaccurate information supplied to investigators represented “intentional or . . . reckless” disregard of House rules.

The committee’s 7 to 1 vote came after 5 1/2 hours of televised hearings and the release of a toughly worded report on the investigation by special counsel James M. Cole. The recommendation, which followed a week of partisan conflict that has split the House into warring camps, sets the stage for a resolution of this investigation into Gingrich’s actions.

Gingrich earlier admitted he had violated House rules and was prepared to accept the committee’s recommendation for punishment. If the full House votes as expected on Tuesday, Gingrich would become the first speaker to be reprimanded for his conduct and would begin his second term politically weakened and personally diminished.

“This is a tough penalty,” Rep. Nancy L. Johnson (R-Conn.), chairman of the ethics panel, said after the vote. “I believe it is an appropriate penalty. It demonstrates that nobody is above the rules.”(More…..)
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http://www.washingtonpost.com/wp-srv/politics/govt/leadership/stories/011897.htm

canopfor on November 13, 2011 at 11:30 PM

In light of this reports, among others, it’s no wonder why the GOP establishment was so eager to help destroy Palin.

FloatingRock on November 13, 2011 at 11:33 PM

I’d rather keep the good ones so that we have some continuity of government and they will help shape the new establishmentFloatingRock on November 13, 2011 at 10:29 PM

Fungus and mold mitigation doesn’t work when you don get all of it. It will take a few treatments and different tactics to clean the growths that are killing our country.

darwin-t on November 13, 2011 at 11:45 PM

In light of this reports, among others, it’s no wonder why the GOP establishment was so eager to help destroy Palin.

FloatingRock on November 13, 2011 at 11:33 PM

They had to and she realized that she did not have the same kind of support nationally that she did during her tenure in Alaska. I honestly think that she is regrouping and remodeling her tactics. This woman is not going quietly into the night but what she has in store is a very interesting question.

darwin-t on November 13, 2011 at 11:49 PM

A PAC is hammering the airwaves here in MI about the Obama chrony capitalism with the energy company “loans” to companies that Obama bundlers either run or have invested in themselves. The ads are very well done and are airing frequently on network tv as well as cable channels.

karenhasfreedom on November 14, 2011 at 12:00 AM

Fungus and mold mitigation doesn’t work when you don get all of it. It will take a few treatments and different tactics to clean the growths that are killing our country.

darwin-t on November 13, 2011 at 11:45 PM

Maybe so, it will be interesting to see if anything comes of this. Perhaps the slow traffic here tonight is due to holiday preparations. People are apt to pay less attention to important news during the holidays, I believe, but then they also have lots of opportunities to inform and persuade family members.

FloatingRock on November 14, 2011 at 12:00 AM

Which is one more reason why Mr Crony government himself (Perry) should not become POTUS.

csdeven on November 13, 2011 at 11:10 PM

I thought Perry was supposed to be done and burnt toast. Is he still haunting your dreams? You just can’t shake the feeling that GOP voters might still opt for him despite his flaws, right?

LOL…

TheRightMan on November 14, 2011 at 12:07 AM

A PAC is hammering the airwaves here in MI about the Obama chrony capitalism with the energy company “loans” to companies that Obama bundlers either run or have invested in themselves.

karenhasfreedom on November 14, 2011 at 12:00 AM

karenhasfreedom:)
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Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans
Nov 12, 2011 1:30 PM EST
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Where did green-energy money go? Straight to campaign donors. Read more about Peter Schwiezer and his book Throw Them All Out in the new Newsweek on sale Monday.

When President-elect Obama came to Washington in late 2008, he was outspoken about the need for an economic stimulus to revive a struggling economy. He wanted billions of dollars spent on “shovel-ready projects” to build roads; billions more for developing alternative-energy projects; and additional billions for expanding broadband Internet access and creating a “smart grid” for energy consumption.

After he was sworn in as president, he proclaimed that taxpayer money would assuredly not be doled out to political friends. “Decisions about how Recovery Act dollars are spent will be based on the merits,” he said, referring to the American Recovery and Reinvestment Act of 2009. “Let me repeat that: decisions about how recovery money will be spent will be based on the merits. They will not be made as a way of doing favors for lobbyists.”

Really?
(More….)
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http://www.thedailybeast.com/newsweek/2011/11/13/how-obama-s-alternative-energy-programs-became-green-graft.html

canopfor on November 14, 2011 at 12:21 AM

I’ve figured it out. csdeven is negatively obsessed with any politicians whose name begins with a P. First it was a billion or so posts against Palin now it’s Perry’s turn.

viking01 on November 14, 2011 at 12:27 AM

It could probably be shown by facts and figures that there is no native American criminal class … … except for congress. (Mark Twain)

InkyBinkyBarleyBoo on November 14, 2011 at 12:38 AM

Since it seems to be such a slow night I’ll give you something to chew on from a former long-standing neo-con turned Paul supporter who has read HotAir daily since it’s inception and at one time actually enjoyed reading the things that Ed had to say:

It’s easy for you gentleman from your keyboards to defend a war when you do not have to look at the maimed and mutilated bodies of soldiers, the dead corpses of women and little children, the destruction of cities and homes and livelihoods.

3000+ innocent people died on 9/11 as a result of a decades-long callous, imperialistic attitude that undermined the sovereignty of other nations, deposed elected leaders and installed dictators and puppet regimes, directly and indirectly lead to the deaths of hundreds of thousands, and stole resources that we had no claim to other than that of being the mightiest nation in the history of the world.

You’re right. The residents of the Middle East should just “take it” and like it in the name of democracy. After all, might makes right…

…and we would certainly have no problem with a mightier nation were they to do the same things here.

And I’m off to bed. Have fun.

bmowell on November 14, 2011 at 12:43 AM

TheAlamos on November 13, 2011 at 11:21 PM

A very bad idea..:)

Dire Straits on November 14, 2011 at 1:08 AM

bmowell on November 14, 2011 at 12:43 AM

Those are issues that everyone contemplates during their lives, what is the proper balance is between idealism and realism, and it always works out that there are a minority of pacifists like yourself that appose war no matter the cause. What is ironic is that if these sorts of naive idealists are allowed to lead nations then violence is nearly certain because the world is a dangerous place where realists find idealists to be easy targets.

FloatingRock on November 14, 2011 at 1:12 AM

Those are issues that everyone contemplates during their lives, what is the proper balance is between idealism and realism, and it always works out that there are a minority of pacifists like yourself that appose war no matter the cause. What is ironic is that if these sorts of naive idealists are allowed to lead nations then violence is nearly certain because the world is a dangerous place where realists find idealists to be easy targets.

FloatingRock on November 14, 2011 at 1:12 AM

I’ve walked the idealistic route since prior to Reagan. I gave that up after Bush’s second term.

I am the realist now.

You confuse defense with militaristic, imperialistic intervention – a state of intervention that breeds all kinds of horrible monsters that are very difficult to put back in the box.

Look at our history since WWII.

Do you have any concept of the machinations of your own government?

Goodnight.

bmowell on November 14, 2011 at 1:23 AM

I quoted myself. Nice.

bmowell on November 14, 2011 at 1:23 AM

war is an awfully big subject to get on this late.

how about another cheery subject…that the OH union thing is a very bad omen? I felt that in my bones that night, and this article from the head of AEI is worrying

http://www.weeklystandard.com/articles/losing-working-class_608007.html

notice it’s all about communications…ha, that’s what barry is always saying.

but, barry is the incumbent. you have to have a strong horse to defeat an incumbent. And Kaisch may have poisoned the well. Not on purpose, I know…but through lack of finesse? I don’t know where this ends.

To the extent that the PEUs have golden benes, better than the taxpayers (ie serfs) how do people fail to understand the future? Now data is hard to come by…you need deep data by state/city. It is tough…but if the stories are true, it must be done

r keller on November 14, 2011 at 1:31 AM

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