NLPC “blows the whistle” on government officials and interest groups engaged in questionable activities. NLPC has filed formal Complaints with a variety of authorities and regulators, including the Federal Election Commission, the Internal Revenue Service (IRS) and Congressional Ethics Committees.
NLPC supports government integrity in two additional ways: by promoting the First Amendment as the basis for campaign finance reform, and by promoting use of the Freedom of Information Act (FOIA).
Great news for consumers who are considering buying General Motors’ green wonder car, the Chevy Volt. I know how excited those environmentally conscientious Volt enthusiasts can get, but a little patience can pay off big time if potential buyers hold off for a year or so on their purchase. According to GM CEO Dan Akerson and following another dismal month of Volt sales (1,306 in April), the car that defies logic will soon be available for up to $10,000 less money. The good news extends to shareholders of GM as the next generation of the Volt will supposedly be profitable for the company. So, as we say prepare to say goodbye to the current generation of the obsolescent Volt, let’s take a trip down memory lane to review how past promises for the car panned out.
The Chevy Volt’s taxpayer-funded roots date back to the Bush Administration, with a concept … Read More ➡
NLPC Associate Fellow Paul Chesser was a guest last night on the Willis Report on Fox Business Network. Here’s a transcript:Gerri Willis: Unbelievable story. Well, meanwhile in the electric car world the Tesla company is set to announce the company’s first-ever quarterly profit this week, Wednesday. But reportedly what is driving this company into the black are California tax credits. That’s right. With more on this, Paul Chesser of the National Legal Policy Center. All right. How is it possible that this company is making money only because of tax credits? Is that your analysis, Paul?
Paul Chesser: Well, that’s what it looks like. In California they’ve got a unique economy in California where they set up these special deals for renewable energy, for electric cars, for manufacturers. And they get these credits. It is likely sort of a … Read More ➡
New York State Senator John Sampson (D-Brooklyn) was arrested today, charged with embezzelment, obstruction of justice and making false statements to the FBI.
Also, the New York Daily Newsreports today that the FBI is investigating a $188,500 “loan” to Sampson from Edul Ahmad, the Guyanese-American businessman who pled guilty to charges in a multi-million dollar mortgage fraud scheme.
Ahmad also made a $40,000 loan to U.S. Rep. Gregory Meeks (D-NY) who failed to disclose it until the FBI reportedly began reviewing his finances, apparently prompted by headlines about a nonprofit called New Direction Local Development Corporation. Among other irregularities exposed by NLPC, New Direction raised money for Hurricane Katrina victims who never received the assistance.
In December 2012, the House Ethics Committee announced that it could find nothing wrong with the Ahmad loan, even though the Office of Congressional Ethics, a separate entity, found:
On Friday, prosecutors disclosed that Shirley L. Huntley, when she was a Democratic state senator from Queens, had secretly recorded conversations with seven elected officials and two other people after she was confronted by the F.B.I. and asked about her alleged participation in criminal schemes involving embezzlement and bribery.
NLPC exposed a sham charity Huntley founded called The Parent Workshop, to which she steered tens of thousands in taxpayer money. Our research was first reported in the New York Post of March 6, 2011, apparently triggering the criminal probe.
The nonprofit conducted no activities. Instead, the money was siphoned off by an aide and Huntley’s niece, both of who were previously charged with crimes. Huntley was defeated in a Democratic primary for her seat on September 13, 2012.
NLPC’s Huntley allegations were a byproduct of our investigation of U. S. Rep. Gregory … Read More ➡
“Attention ladies and gentlemen, the Boeing 787 Dreamliner will depart shortly – any potential fires caused by our lithium ion batteries will now be contained within the aircraft. Please line up at the gate for imminent boarding!”
Are you ready?
In case you missed it the Federal Aviation Administration, by publishing an Airworthiness Directive in the Federal Register last week, opened the door for the troubled “green” aircraft to return to service in the coming months. The document lays out the specifications required for Boeing to get the extremely costly project moving again, if the changes are implemented and FAA inspectors sign off.
But don’t call it a “fix,” because engineers don’t know what caused the fires in the first place. Boeing’s top engineer Michael Sinnett says the new configuration is designed to prevent a fire (the old one wasn’t??), according to the Associated Press, but even if … Read More ➡
As the Department of Energy seized the last of Fisker Automotive’s reserves in lieu of an unknown amount that it was due to repay this week, what’s left of the lame electric automaker clings to the slim hope it can survive.
While CEO Tony Posawatz and his team may need an intervention, a hearing before the House Oversight and Government Reform Committee yesterday revealed that DOE and committee Democrats (as well as those in the Obama administration) are hopelessly stuck in an alternate universe, where losing millions of taxpayer dollars is considered a good record. Republicans had called officials from the company – including founder Henrik Fisker, as well as administrators of DOE’s loan program – to explain the logic that went into granting $529 million to a fledgling, unproven car company that targets an ultra-rich clientele.
Democrats attempted to dismiss the hearing as a “show trial” to … Read More ➡
“Ineptocracy” is a new Internet-popularized word in wide circulation, which came to my inbox with the following definition:
“A system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.”
Clearly the word’s creation was inspired by the current presidential administration, where the ineptocrats abound. And as NLPC has documented for 4+ years, nowhere has that been more evident than in President Obama’s Department of Energy, under the management of soon-departing Secretary Steven Chu.
Most of those stories have documented the foolishness, misjudgment and cronyism surrounding the distribution of stimulus funds. But another area of mismanagement and incompetence has been revealed at DOE, and this time it has security implications.
Earlier this year, I reviewed General Motors’ first quarter earnings report and annual results. My take-away from the report was that GM relied upon shady accounting techniques and a build-up of US dealer inventories to produce some rosy-looking results. Channel stuffing to the tune of an over 20% increase in inventory from year end 2011 provided for GM’s revenue growth. The trend continues as GM has further pumped-up inventory for quarter one.
The reason that dealer inventory figures are so important is that automakers record revenue when vehicles are shipped to dealerships, not when they are actually sold to consumers. It becomes fairly easy for a company like GM, which operates more with an eye on perception and politics rather than on sustainable profits (why else would they focus so much on the money-losing Chevy Volt?), to manipulate revenue and earnings by getting vehicles into dealerships’ lots. The first … Read More ➡
As green energy stimulus recipients raked in billions of dollars the last few years, with President Obama declaring what a great “investment” they were for taxpayers, friends of mine would jokingly ask, “Where’s my dividend?” “Where are my stock certificates?” “Where’s my free electric car?!”
In the case of our $193-million stake in Fisker Automotive, thanks to a Department of Energy loan guarantee, it looks like American shareholders will end up with the whole company itself.
With the Anaheim non-automaker (no cars produced since last summer) firing about 160 of its 200 remaining employees on Friday, a bankruptcy law firm hired, and no buyer to pick over the $102,000 Karma model’s carcass, the Chicago Tribunereported Monday the imminent insolvency “could leave the federal government essentially owning” Fisker.
That would be quite a feat, since it’s been widely reported that Fisker drew more than $1 billion in private investment … Read More ➡