Barack Obama

VIDEO: Romney is Right About Jeep Production in China

NLPC Associate Fellow Mark Modica was a guest Wednesday night on Fox Business Network's Willis Report. Here's a transcript:

Albert Baldeo, Another Meeks Crony, is Arrested

Meeks Baldeo photoAlbert Baldeo, a Democratic Party leader in New York City, was arrested by the FBI this morning on corruption charges. According to the New York Times:

Mr. Baldeo is accused of using phantom donors to funnel illegal campaign contributions to his unsuccessful 2010 campaign for City Council in order to fraudulently increase the amount of matching funds provided by the city, federal prosecutors said.

The phantom donors were first publicly described in a New York Post story of October 11, 2011. The information was provided to the Post by the National Legal and Policy Center as part of our investigation into U.S. Rep. Gregory Meeks (D-NY) and his political network.

VIDEO: Obama's Ridiculous Fuel Economy Standards

NLPC Associate Fellow Mark Modica is interviewed on 9/5/12 about new vehicular fuel economy standards on the Fox Business Network. Host is Gerri Willis. Here is a transcript:

Auto Bailout is a FAILURE

GM/ObamaTonight, the Democratic National Convention will reportedly highlight the "success" of the auto bailout.  Michelle Malkin comments in a column today, and quotes NLPC Associate Fellow Mark Modica:

The claims that GM paid back its taxpayer-funded loans "in full" - a story peddled in campaign ads narrated by Hollywood actor Tom Hanks - were debunked by the Treasury Department's TARP watchdog this summer. GM still owes nearly $30 billion of the $50 billion it received, and its lending arm still owes nearly $15 billion of the more than $17 billion it received. Bailout watchdog Mark Modica of the National Legal and Policy Center adds: "In addition to U.S. taxpayers anteing up, Canada put in over $10 billion, and GM was relieved of about $28 billion of bondholder obligations as UAW claims were protected. That's an improvement of almost $90 billion to the balance sheet, and the company still lags the competition."

NY Times Discovers Obama's Favorite Utility

John Rowe photoAttentive NLPC readers were aware of the extent of Exelon Corporation’s activism to gain regulatory favor in support of “green” policies in which it reaped millions of dollars in government grants and mandates, but last week’s lengthy New York Times article about the cronyism-tainted relationship between the Chicago-based utility and the Obama administration revealed a few nuggets.

The story told how Exelon, with top executives as “early and frequent” supporters of the president as his political career ascended, were able to gain more access to the White House than others thanks to their longstanding relationships. According to one Exelon lobbyist, his employer was considered “the president’s utility.”

Democrats Move Funds into Union-Owned Amalgamated Bank

Amalgamated Bank photoUnions have an understandable dislike for doing business with nonunion employers. It's a matter of self-interest. And as the City of Charlotte prepares to host the Democratic National Convention during September 3-6, a growing roster of labor and politically allied organizations are indicating their displeasure over the party's decision to hold the event in that decidedly nonunion locale. Some groups, which include an apparently chastened Democratic National Committee, are shifting deposits from the Charlotte-based Bank of America (BoA) to a union-owned New York City institution, Amalgamated Bank. 

Sharpton Annual Conference Again Heavily Corporate-Funded

Al SharptonWhatever else might be said of Reverend Al Sharpton, when he throws a party, he does it in style. The 14th annual conference of his New York-based nonprofit National Action Network (NAN) last month in Washington, D.C. during April 11-14 was no exception. Once more, corporations and to a lesser extent unions paid most of the tab for a well-choreographed event that featured dozens of speakers and panelists eager to affirm the aggressive black identity politics of their host. The plenary address by Attorney General Eric Holder, followed by a panel on legal issues, amounted to a group manifesto for the arrest of George Zimmerman for the highly-publicized killing - evidence points toward self-defense - of a black Florida teen, Trayvon Martin. Zimmerman, to the delight of virtually all attendees, was arrested that day on a state second-degree murder charge.

AFL-CIO Endorses Obama; Gears Up Campaign Volunteer Army

Obama and Trumka photoIn the eyes of the AFL-CIO, a president can never lean too far leftward. But if President Obama hasn't made all the right moves, he's made enough of them to win its support. On March 13, the federation's 57-member executive council met in a closed-door session in Orlando, Florida to unanimously endorse Barack Obama for re-election. "We will continue to have disagreements with him (Obama)," said federation President Richard Trumka after the vote. "But we've never doubted one thing: We've never doubted he's a friend of working people and he's the best out there."

Obama Fails 'Uniter' Test on Trayvon Martin Incident

Obama & Sharpton photoThis past weekend saw further escalation of nationwide demonstrations over the fatal February 26 shooting of a black Florida teenager, Trayvon Martin, by a white neighborhood watch volunteer. Though in apparent self-defense, many are demanding the shooter, George Zimmerman, be arrested. In lieu of such action, some are vowing to apply their brand of street justice. Unfortunately, they have an ally in President Obama.

States, Obama Shake Down Banks in $25 Billion Mortgage Settlement

Foreclosed propertyIt took about 500 days of negotiation. But on Thursday, February 9, attorneys general representing nearly all 50 states made the announcement: Five banks will pay a combined $25 billion over three years in civil penalties and loan write-downs for having serviced mortgage foreclosure paperwork over the previous four years without proper review. The settlement, say supporters, will compensate homeowners for prior predatory lending practices, reform the banking industry and give the economy a boost. But the context of the case suggests an ulterior motive: socializing the housing market. This by no means is the first such attempt during the Obama years. And the true cost of this shakedown, the largest of its kind since the 1998 tobacco industry settlement, may be far higher than $25 billion.

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