Status Quo redux
Posted: November 13, 2010 Filed under: just because, The DNC | Tags: House leadership, James Clyburn, Nancy Pelosi, Steny Hoyer 35 Comments
It looks like the House Democrats have decided to stick with their leaders and then just add another. In an interesting move, there’s now going to be a minority WHIP and something else. No one knows what the something else is but we know the something else person is Congressman Clyburn. Each of these three represent some Democratic base. WAPO has some of the details, but not that much. Hoyer is still going to be whipping the blue dog contingent.
Trying to resolve a dispute among her top lieutenants, House Speaker Nancy Pelosi (D-Calif.) on Friday night indirectly backed her longtime adversary, Rep. Steny H. Hoyer (D-Md.), to continue serving as her chief deputy.
Pelosi’s move came in an unusual statement late Friday night that endorsed Rep. James E. Clyburn (D-S.C.) for the No. 3 post in the House Democratic leadership. Rather than endorse Clyburn for the current No. 3 position of caucus chairman, she plans to create a new, undefined leadership position for him, a leadership source explained Saturday.
Hoyer, the current majority leader, and Clyburn, the majority whip, are vying to be elected minority whip in the next Congress when House Democrats vote Wednesday. That position will rank second behind Pelosi, who is expected to be minority leader.
Pelosi’s statement amounted to an endorsement of keeping her leadership team intact, rather than trying to purify ranks for the party’s liberals, as some lawmakers and activists have urged.
To me, this is just another Democratic Party attempt to be all things to all parties and further splinter every one into segments. Since Clyburn’s responsibilities haven’t really been announced, what duties will they give him? His title–according to Politico–is Assistant Leader. How does Hoyer feel about what might seem a demotion yet he’s essential got the same title? Or, will his entire job stay the same but he just gets called Number 3 instead of Number 2. Rep. John Larson (Conn.) stays as Democratic Caucus chairman which is now the number four leadership position. Weird. Seems like they’re splitting one baby four ways, but maybe that’s just me. It is certainly seems apt for the completely splintered Democratic Party. I’ll give them that.
KO for KO?
Posted: November 5, 2010 Filed under: Elections, Main Stream Media, The DNC, The Media SUCKS | Tags: Olbermann suspended, Pelosi runs for minority leader, Van Hollen resigns DCCC 67 CommentsTwo breaking news stories worth front paging are sweeping blog headlines.
First, Keith Olbermann has been suspended indefinitely without pay at MSNBC for donationg to three Democratic candidates during the last election. This is from Politico.
Olbermann made campaign contributions to two Arizona members of Congress and failed Kentucky Senate candidate Jack Conway ahead of Tuesday’s election.
Olbermann, who acknowledged the contributions in a statement to POLITICO, made the maximum legal donations of $2,400 apiece to Conway and to Arizona Reps. Raul Grijalva and Gabrielle Giffords. He donated to the Arizona pair on Oct. 28 — the same day that Grijalva appeared as a guest on Olbermann’s “Countdown” show.
NBC has a rule against employees contributing to political campaigns, and a wide range of news organizations prohibit political contributions — considering it a breach of journalistic independence to contribute to the candidates they cover.
Other links:
The second breaking news story of interest is that Nancy Pelosi will run for Minority Leader. This is from Ryan Griffin
at Huffpo. Pelosi Tweeted the announcement.
House Speaker Nancy Pelosi (D-Calif.) will make a bid to be Democratic minority leader, she announced Friday via Twitter. “Driven by the urgency of creating jobs & protecting #hcr, #wsr, Social Security & Medicare, I am running for Dem Leader,” she tweeted.
Other Links:
In related news, Rep. Van Hollen is leaving his chairmanship at the DCCC.
Disturbing if True
Posted: October 28, 2010 Filed under: Surreality, Team Obama, The DNC 61 Comments
Bill Clinton pushed Kendrick Meek to quit the Florida Senate race (via politico).Bill Clinton sought to persuade Rep. Kendrick Meek to drop out of the race for Senate during a trip to Florida last week — and nearly succeeded.
Meek agreed — twice — to drop out and endorse Gov. Charlie Crist’s independent bid in a last-ditch effort to stop Marco Rubio, the Republican nominee who stands on the cusp of national stardom.
I had heard rumors the White House was pushing for this but was unaware that former President Clinton was involved. Meek may be the underdog in the race, but pushing Crist to block Rubio is over the top, imho. They’ve been doing this for Lincoln Chaffee’s gubenatorial bid also. Caprio’s losing steam now since he told POTUS to ‘shove it’ and the independent Chaffee’s embracing Obama in TV ads.
Exactly what is going on here?
The Blame Game
Posted: September 7, 2009 Filed under: Bailout Blues, Equity Markets, Global Financial Crisis, The Bonus Class, The DNC, The Great Recession, The Media SUCKS, U.S. Economy, Voter Ignorance | Tags: Congressman Alan Grayson, Fannie Mae, Franklin Reins, Freddie Mac Comments Off on The Blame Game
It’s amazing to me that so many people can get so worked up about one mid level bureaucrat in the White House who is a repentant communist and says he accidentally signed a 9-11 truther petition thinking it was just a request for more information on what the White House knew prior to those terrorist attacks. Meanwhile, we have a Secretary Treasury whose taken gifts from banks, underpaid his taxes by more money than I personally see in years, and seems completely captured by Wall Street and unable to draft decent regulation containing their gambling addiction. Then, there is the fact that I continually write about the same people in Wall Street and the Investment Banking community cooking up death derivatives and going about their merry way, subsidized, unpunished, and totally unrepentant over causing the worst financial crisis since 1929.
I just have to scream: WTF is wrong with you people? Why are we punishing some one for his venture into social activism while completely ignoring people that are making off with our national treasure and the lifeblood of our mixed market economy? These are folks that drove your house prices down, ruined your pension plans and your 401k, and are taking bailouts by the billions. Where’s the sense of balance? How does this resemble justice?
Here’s a REALLY good example from today’s NY Times. Written by Gretchen Morgensen, it’s called “Fair Game-They Left Fannie Mae, but we got the Legal Bills.” It’s all about the government having to bail out Fannie Mae because of the extremely bad management practices, and yes, illegal accounting practices that stuck us with a huge mess and an even bigger bill. Morgensen interviews Representative Alan Grayson, a Florida Democrat, who is one congress critter doing his oversight responsibility while others wallow in the political contributions from their regulatees.
With all the turmoil of the financial crisis, you may have forgotten about the book-cooking that went on at Fannie Mae. Government inquiries found that between 1998 and 2004, senior executives at Fannie manipulated its results to hit earnings targets and generate $115 million in bonus compensation. Fannie had to restate its financial results by $6.3 billion.
Almost two years later, in 2006, Fannie’s regulator concluded an investigation of the accounting with a scathing report. “The conduct of Mr. Raines, chief financial officer J. Timothy Howard, and other members of the inner circle of senior executives at Fannie Mae was inconsistent with the values of responsibility, accountability, and integrity,” it said.
That year, the government sued Mr. Raines, Mr. Howard and Leanne Spencer, Fannie’s former controller, seeking $100 million in fines and $115 million in restitution from bonuses the government contended were not earned. Without admitting wrongdoing, Mr. Raines, Mr. Howard and Ms. Spencer paid $31.4 million in 2008 to settle the litigation.
When these top executives left Fannie, the company was obligated to cover the legal costs associated with shareholder suits brought against them in the wake of the accounting scandal.
Now those costs are ours. Between Sept. 6, 2008, and July 21, we taxpayers spent $2.43 million to defend Mr. Raines, $1.35 million for Mr. Howard, and $2.52 million to defend Ms. Spencer.
“I cannot see the justification of people who led these organizations into insolvency getting a free ride,” Mr. Grayson said. “It goes right to the heart of what people find most disturbing in this situation — the absolute lack of justice.”
What’s the difference between getting justice and getting retribution? Well, in terms of missing it by light years, compare the treatment between social activist Van Jones and practitioners of accounting malpractice like Raines, Howard and Spencer (or tax dodgers who get gifts from Wall Street Bankers like our SOT). It’s the difference between a slap on the wrist and a slap across the face.







Recent Comments