Peter Flaherty's blog

Is Obama Responsible for McCrudden's Threats?

McCrudden photoThe FBI's reported arrest of money manager Vincent McCrudden for allegedly making threats to kill members of the Securities and Exchange Commission (SEC) and other government officials prompts the question of what role, if any, anti-capitalist and anti-Wall Street rhetoric played in his actions. If the logic of the Left that was applied to the Tucson shootings - that Tea Partiers and Sarah Palin somehow had something to do with Jared Loughner's rampage -  should not President Obama and other politicians be held responsible for McCrudden's threats?

According to CampaignMoney.com, a Vincent McCrudden made a $2,300 donation to Obama for America on April 19, 2007.

CNBC: Flaherty Says Reduce Corporate Income Tax

Would a cut in the corporate tax rates really help create jobs? I debate this question today with David Callahan of Demos. CNBC hosts are Tyler Mathison, Sue Herera and Michelle Caruso-Cabrera. Here's a transcript:

Daley is Poor Choice for White House Chief of Staff

William Daley photoIt looks like the "Chicago Way" will continue with William Daley taking the White House Chief of Staff position formerly held by Rahm Emanuel. Daley is a particularly poor choice because he represents the nexus of big government, big business and the left-wing activist groups they enable and bankroll.

Daley is not a "centrist," nor is he "pro business," except when he is getting a piece of the action. Daley has carried the title of "Midwest Chairman" of JPMorgan Chase but he is not a banker or a businessman. He is a broker of influence. That is why JPMorgan Chase hired him in the first place.

Rangel Attacks NLPC; Opens Legal Defense Fund

Rangel photoRep. Charles Rangel (D-NY) has formally opened a legal defense fund in an apparent acknowledgement of our accusation that he illegally used almost $400,000 in PAC funds for his legal defense. According to a statement Rangel made to Politics Daily:

The repeated filings of allegations, no matter how unsubstantiated, by the National Legal Policy Committee (sic), a politically-motivated right wing group dedicated to eviscerating civil rights and labor union protections, have led me to this action.

On November 29, we filed a Complaint with the Federal Election Commission alleging that Rangel violated the Federal Election Campaign Act by using almost $400,000 in funds from his National Leadership PAC to pay legal bills related to the House Ethics Committee actions against him.

CNBC: Flaherty Criticizes Obama/CEO Summit

I discussed President Obama's CEO "summit" today with David Callahan, the author Fortunes of Change: The Liberal Rich and the Remaking of America. CNBC hosts are Melissa Francis, Sue Herrera and Michelle Caruso-Cabrera. Here is a transcript:

Flaherty Rips Outgoing Pfizer CEO Jeffrey Kindler for Supporting ObamaCare on Fox Business Channel

Yesterday, I discussed the resignation of Pfizer CEO Jeffrey Kindler with Stuart Varney on Fox Business Channel. Here is a transcript:

Rangel Confronted With New Ethics Allegations

Appearing on New York City's Channel 5 this morning, Rep. Charles Rangel (D-NY) was asked about allegations that he improperly used funds from his so-called National Leadership PAC for his legal defense in his House ethics case. Rangel responded by calling the allegations "ridiculous" and attacking NLPC.

Pfizer CEO Jeffrey Kindler Resigns Even Sooner Than We Predicted

Kindler photoPfizer CEO Jeffrey Kindler has unexpectedly announced his resignation. NLPC recently filed a shareholder proposal with Pfizer critical of the company's deal with the White House to support ObamaCare. We foresaw Kindler's retirement in the resolution's supporting statement:

If ObamaCare fails to control health care costs, as several studies now suggest, the government will seek savings through price controls. Shareholders ultimately will lose. Perhaps Kindler plans to retire before Pfizer is required to sell its products for less than the cost of production.

We were more prescient than we realized.

Rep. Gregory Meeks Failed to Report Gambling Winnings

Meeks photoBenjamin Lesser of the New York Daily News reports today that Rep. Gregory Meeks (D-NY) on November 17 amended his 2008 financial disclosure forms to show $3,500 in "gambling winnings." This disclosure, late by two years, raises more questions than it answers. According to the Daily News:

The amendment does not say how Meeks won the money, where he was gambling or how much he bet. It merely says: "In 2008, I had gambling winnings of approximately $3,500."

House Censures Charles Rangel; Ex-Ways and Means Chair DID Profit From Corruption

On the House floor tonight, Rep. Charles Rangel (D-NY) again asserted that he did not personally gain from the acts of which he is accused, notwithstanding the fact that he failed to report, or pay taxes on, rental income received from his Dominican Republic beach house. Rangel seems to believe that if you repeatedly say something, it becomes true, no matter how absurd.

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