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Ken Boehm
11/14/2010 - 08:43

Rep. Charles Rangel (D-NY), whose House ethics trial is scheduled to begin tomorrow, used almost $400,000 in funds from his National Leadership PAC to pay legal bills to fend off corruption allegations. Rangel's ability to retain high-powered lawyers helped him delay the Ethics Committee action for more than two years, and push his trial past the election.

Rangel appears to have violated House rules. Members of Congress may use funds from their personal re-election committees for legal expenses related to their official actions. The National Leadership PAC is not Rangel's re-election committee but what is classified as a "leadership PAC," the purpose of which is make contributions to other candidates. Up to and during his tenure as Ways and Means Committee chairman, Rangel distributed hundreds of thousands to his colleagues, many of whom donated the money to charity as Rangel became an embarrassment.

3,784 reads
Ken Boehm
11/12/2010 - 15:02

According to a front-page Wall Street Journal story today, the Obama Administration is “preparing a stepped-up approach to policing internet privacy,” including the creation of a new watchdog agency. Ironically, this comes in the wake of the Federal Trade Commission (FTC) dropping its investigation of the Google “WiSpy” operation just days after the President attended a fundraiser at the home of a Google executive.

As part of its “Street View” data collection activities, Google cars collected passwords, e-mails and other personal information wirelessly from unsuspecting people in several countries. The government should get to the bottom of this massive invasion of personal privacy before the administration talks about setting up new agencies.

2,541 reads
11/12/2010 - 14:42

Today, I debated whether GM should set aside IPO shares for taxpayers with Julian Epstein, LMG CEO and Democratic strategist. CNBC hosts are Trish Regan and Melissa Francis. Here's a transcript:

3,316 reads
11/11/2010 - 16:49

Harry Reid photoVotes without voters - the notion seems like something from "The Twilight Zone." Yet this outcome, the result of a mysterious computer glitch, may have helped re-elect Senate Majority Leader Harry Reid over his Republican challenger, Sharron Angle, last week by a 50.2%-44.6% margin. Actually, the "mystery" is very likely the doing of a local of the Service Employees International Union (SEIU), which nationwide provides votes, money and muscle for the Democratic Party. Critics are charging that voting machines throughout Clark County (Las Vegas), where about three-fourths of Nevada's population resides, were rigged to place check marks next to Reid's name before a person even had voted. County officials insist that no tampering occurred. But the possibility can't be dismissed, especially given that one of Reid's sons is county commission chairman.

11,696 reads
11/11/2010 - 13:08

John Boehner photoIn the previous years, NLPC has demanded an end to taxpayer funding for the Legal Services Corporation (LSC), AARP and George Soros’ private foundations, only to be rebuffed by Democratic and Republican Congresses. The incoming Congress was elected to cut out inappropriate spending. The practice of collecting money from all taxpayers and using it to promote political causes with which many disagree is simply unethical. Incoming House Speaker John Boehner (R-OH) must put a stop to it.

Legal Services Corporation- This year, LSC is receiving $420 million in tax dollars. LSC funds 136 local groups to provide civil (not criminal) day-to-day legal help to poor people. Unfortunately, many LSC-funded lawyers instead spend their time on liberal political and social causes.

4,768 reads
Ken Boehm
11/11/2010 - 11:57

Jeff Bliss of Bloomberg reported yesterday:

A U.S. House committee chairman asked the Federal Trade Commission to provide details of Google Inc.’s collection of data from unsecured wireless networks.

The FTC on Oct. 27 announced it was ending its investigation into possible privacy violations by Google in its gathering of data for its Street View mapping project.

“I am sending a request to the FTC for a staff briefing on a number of privacy investigations including Google Street View,” House Oversight and Government Reform Committee Chairman Edolphus Towns said in an e-mailed statement.

1,912 reads
Ken Boehm
11/10/2010 - 09:01

Obama Schmidt photoYesterday I wrote Reps. Edolphus Towns (D-NY) and Darryl Issa (R-CA), the chair and ranking member of the House Government Oversight Committee, urging a thorough investigation of both Google Street View and the FTC’s recent conduct during its investigation of the program. Click here for a 6-page pdf of the letter that includes additional background on Google’s extensive and close lobbying connections with the Obama Administration.

As part of Google’s “Street View” operation, fleets of specially outfitted cars drove through multiple countries collecting photos, video and, as Google now admits, sensitive personal information from WiFi connections. Yet in late October, the Federal Trade Commission abruptly ended its investigation of “Street View” – a decision that came on the heels not only of Google’s admission that its surveillance was much more serious than previously disclosed but only days after a $30,000-a-head fundraiser for President Obama at the home of a Google executive.

5,362 reads
11/09/2010 - 08:51

UAW/GM logosThe term "wealth redistribution" has been used by political pundits on the right who accuse Democrats of having a misguided agenda wherein the wealthiest Americans will be able to subsidize a government spending spree in order to redistribute wealth to the less affluent populace. General Motors, through its reorganization plan, has contrived its own version of wealth redistribution. This action was orchestrated by the Obama Administration as it took control of the GM bankruptcy process. Old GM shareholders and bondholders, along with taxpayers, lose out as new wealth is created for bankruptcy attorneys and advisers, investment banks and the politically connected UAW.

5,626 reads
11/03/2010 - 09:10

Kindler photoThe electorate’s repudiation of Barack Obama and his Congressional allies was not only a rejection of Big Government, but also of business elites who were buffeted from the downturn by political dealing at the expense of ordinary people.

Unless Corporate America heeds the election results, it too will risk the wrath of an informed and energized public. Here are CEOs who must pay attention to what happened yesterday:

Pfizer CEO Jeffrey Kindler- Not only did Kindler (above) lead the charge of Big Pharma CEOs for ObamaCare, he actually got a multi-million dollar bonus from Pfizer for doing so. This is not going to look very good once ObamaCare spikes insurance premiums, prompts hospital closures, and explodes the number of uninsured. Of course, Kindler wasn’t naïve or confused, he had reason to help destroy the health system. Big Pharma made a deal that guarantees it customers and insulation from competition. (I assume Kindler plans to retire before the government forces Pfizer to sell its products for less than it costs to produce them.)

2,631 reads
11/03/2010 - 06:50

BernankeThe Fed is supposed to be insulated from politics but it is not supposed to be divorced from reality. In the face of the election results, Ben Bernanke's reported plan for hundreds of billions in additional government bond purchases seems ill advised.

The American people have spoken. Government spends and borrows too much. The electoral repudiation of Big Government was preceded by the emergence of the Tea Party movement, which is transforming debate over our financial nation's future. Public debt has become Public Enemy #1.

1,642 reads
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