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10/13/2010 - 15:59

Rattner photoIn the coming weeks we are sure to hear a lot of hype over the upcoming General Motors IPO. As we approach the November elections, it is a certainty that the Obama administration will tout the government intervention and nationalization of a major US industrial corporation as a huge success. Claims have already been made that the American economy and millions of jobs have been saved by bailing out GM. There are many people, including the Mom and Pop investors that financed GM through their bond purchases, who see a less savory side to the bankruptcy process and view it as a model of corruption and cronyism.

10/13/2010 - 10:07

Murkowski photoOn July 26, 2007 Senator Lisa Murkowski (R-AK) announced that she would sell back an undeveloped piece of land that she purchased in 2006, one day after NLPC filed a Complaint with the Senate Ethics Committee alleging a “sweetheart deal.”

We took Murkowksi’s action as an admission that we were right, and that it mooted out the issue. Since she undid the questionable deal, we assumed there was no reason for the Ethics Committee to pursue the matter. But now Murkowski is claiming that there was nothing wrong with the deal after all.

10/12/2010 - 13:54

Today I debated Wall Street pay with Keith Boykin of The Daily Voice. CNBC hosts were Melissa Francis, Larry Kudlow and Trish Regan. Here is a transcript:

10/09/2010 - 13:37

Hirni business cardJim Hirni, convicted of conspiracy to commit wire fraud in the Jack Abramoff scandal, is again in the news. South Carolina’s largest newspaper, The State, reported on Thursday that Hirni has been assisting the South Carolina Republican Party with fund raising and organizing events.

Following the publication of our Special Report critical of Wal-Mart, Hirni in 2007 communicated to members of the Washington, DC public policy community that their employment could be negatively affected if they associated with NLPC.

10/08/2010 - 11:45

Chris Van HollenIt is almost beyond belief that Rep. John Adler, a Democrat from southern New Jersey and his allies could successfully plant a fake Tea Party candidate on the ballot in order to draw votes from the Republican candidate Jon Runyan.

It is possible that Adler and operatives of the Democratic Congressional Campaign  Committee (DCCC) violated a number of statutes and House Rules, but the more pressing priority is for Adler to fully explain his knowledge of these events. Moreover, DCCC Chairman Rep. Chris Van Hollen, at right, must fully explain any role he played, and the role of his staff. Any DCCC personnel involved should be immediately fired.

10/08/2010 - 09:42

Rangel and PelosiIt’s official. The House Ethics Committee will not conduct trials of Reps. Charles Rangel (D-NY) and Maxine Waters (D-NY) until safely after the November 2 election. Ethics Chair Zoe Lofgren (D-CA) announced yesterday that Rangel’s trial is scheduled to begin on November 15 and Waters’ on November 19.

Politics have trumped ethics in the final days of this Congress. Notwithstanding her pledge to “drain the swamp” and preside over the most ethical Congress ever, House Speaker Nancy Pelosi (D-CA) simply will not allow high-profile ethics trials during the campaign season. This delay is sure to backfire. A new poll shows that most voters believe Congressional ethics have gotten worse in the last two years.  According to the Hill, which conducted the poll:

10/05/2010 - 15:54

Andrew SternThe abrupt departure by Andrew Stern this spring as president of the Service Employees International Union (SEIU), after 14 years on the job, blindsided a lot of observers. After all, he was a shadow cabinet member of the Obama administration. Reported ongoing federal investigations into two unrelated, and possibly illegal, financial arrangements may shed light on his motives. The Associated Press and the Los Angeles Times each ran stories last Tuesday stating the FBI and the Department of Labor have been interviewing persons potentially knowledgeable about the possibility that Stern: 1) received unauthorized funds from a book he'd authored several years ago; and 2) approved the disbursement of funds to pay for a Southern California SEIU local official's no-show job who eventually was convicted in an unrelated kickback scheme. Stern denies his involvement in these activities and indeed even the fact of an investigation.

10/04/2010 - 19:45

Chellie Pingree photoThe Maine Republican Party has filed a complaint against Rep. Chellie Pingree (D-ME), for reportedly violating federal election laws by flying to a New York campaign fundraiser in a private jet owned by a corporation controlled by her fiancé.

Video captured by the Maine Watchdog shows Rep. Pingree and her fiancé, billionaire liberal philanthropist S. Donald Sussman, traveling on a $25 million jet which belonged to a Magic Carpet Enterprises, LLC., a corporation owned by Sussman. Records obtained by the watchdog group show that Rep. Pingree flew to an airport in White Plains, NY, where she then drove to a fundraising event in New York City.

10/04/2010 - 13:19

house in waterCall it a paradox. The U.S. economy officially has been out of recession for 15 months. The stock market enjoyed a record-high September; durable goods orders are up; and consumer spending is growing. Yet homeowners continue to lose their properties at a frequency not seen since the Great Depression. And this is despite - and possibly to some extent, because of - an emergency federal program in place for the past year and a half designed to stave off foreclosures. Call it instead, then, a consumer bailout. But don't expect it to end soon.

09/30/2010 - 15:28

National Legal and Policy Center more than once has called it a shakedown. Now three members of Congress are suggesting as much. Yesterday Reps. Steve King, R-Iowa, Michele Bachmann, R-Minn., and Bob Goodlatte, R-Va., held a press conference to call for a Justice Department probe of an out-of-court class-action settlement against the U.S. Department of Agriculture initiated by black farmers during the late Nineties.

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