Ford Bankrolled Sharpton Convention Featuring Biden

Biden and Sharpton photo

Ford Motor Company has applied for $11 billion in taxpayer funds for retooling, and has access to an additional $9 billion line of credit from the government. Yet, the company was a financial sponsor of Al Sharpton’s national convention last week that featured a speech by Vice-President Joseph Biden.

In a letter today to Steven Rattner, who directs President Obama’s auto industry task force, I wrote,

Ford’s financial support for Sharpton places into doubt the judgment of Ford executives. I can think of no expenditure farther removed from the core mission of saving the company and the American auto industry than bankrolling Sharpton. It is your responsibility to ensure that no more capital is wasted on controversial political causes, no matter how supportive they are of the administration you represent.

In a Complaint filed today with TARP Inspector General Neil M. Barofsky, I wrote,

Ford’s major donation to Al Sharpton’s

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NLPC Is Right About Soros’ Business Ethics, Again

AFP reported on March 27:

Hungary’s financial supervisory watchdog announced Friday it had slapped a 1.6-million-euro fine on an investment fund founded by US billionaire George Soros, for manipulating the market.

Soros and NLPC President Peter Flaherty have clashed over Soros’ business ethics. During October 2004, Soros undertook a pro-John Kerry media and speaking tour. NLPC trailed Soros with its own “Soros Truth Squad.”

In Harrisburg, Pennsylvania on October 21, Flaherty asked Soros how he could come to Pennsylvania, “where corporate scandals have cost people their jobs,” to tell working people how to vote in light of his conviction for insider trading in France.

Soros denied that he was convicted, and instead attacked NLPC as “Orwellian.” Flaherty followed up by asking why Soros had been fined $2 million, if he had not been convicted. Soros claimed he had not been fined.

Soros apparently misled the media and the audience of … Read More ➡

Obama is Exceeding Presidential Authority on Wagoner Firing, Auto Bailout

Although Rick Wagoner should have been gone years ago, Barack Obama has exceeded presidential authority in firing the CEO of a major corporation. Of course, the justification is that GM is accepting government money, but Congress has not authorized money for an auto bailout. 

The money has come from the TARP, which was supposed to used to buy the toxic assets of banks. The Constitution is being shredded. This concentration of power in the hands of the President, a small circle of advisors, and financiers is dangerous.

If Obama can take over sick companies, why can’t he take over healthy companies he doesn’t like? After all, he’s not only criticized the auto companies for building certain kinds of cars, but he’s criticized oil companies for their business decisions. Can Obama now tell oil companies to close down their wells and build windmills?

It is government that destroyed the U.S. carmakers … Read More ➡

The Blagojevich Corrupt Sausage Factory

Welcome to IL billboardPajamasMedia.com has published an opinion piece by NLPC Chairman Ken Boehm, which asserts,

Simply put, Governor Blagojevich became a golden goose of opportunity for well-connected businessmen in the state who were apparently willing to “buy” the governor’s unwavering personal attention for their pet legislative causes.  And while Patrick Quinn, Illinois’ new governor, remarked last week that “everybody knows we’ve had a tough eight weeks, but it’s over,” it’s not.  Springfield must now work overtime to unravel the mess the ex-governor and his well-connected business friends created, or Illinois will rightly deserve its reputation as the most corrupt state in the country.

On February 2, NLPC released an in-depth analysis of financial contributions made to Blagojevich’s campaigns from horse race track owner John Johnston and other Johnston-owned or affiliated interests. The analysis demonstrated that previous accounts of Johnston contributions to Blagojevich by the Wall Street Journal and other publications greatly … Read More ➡

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