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02/21/2011 - 16:10

Deepwater HorizonOn Thursday, Fred Bartlit, Chief Counsel of the BP Oil Spill Commission, issued a report in which he put blame squarely on BP for the disaster, including a failure to adequately supervise its Halliburton and Transocean subcontractors.

The seven-member Commission, appointed by President Obama before the well had even been capped, issued its "final" report on January 11. Although it cited many of the same BP-specific problems detailed by Bartlit, it implicated the entire oil and gas exploration and production industry, and called for "systemic reforms."

3,769 reads
02/21/2011 - 12:05

money flowGeneral Motors has been very benevolent since receiving $50 billion of taxpayer funds less than two years ago. GM, the GM Foundation and Chevrolet are donating more than $10 million towards the building of a Martin Luther King, Jr. monument in Washington, DC. Following is a list of just some of GM and GM Foundation recent giveaways.

  • $40 million for "clean energy projects."
  • $4.5 million for college scholarship programs to benefit students; criteria list includes being female, being a minority or being a military member.
  • $27.1 million to United Way for restructuring of Detroit schools.
4,003 reads
02/21/2011 - 08:44

Wisconsin protestGovernment in Wisconsin, one probably has heard by now, is paralyzed. And the ultimate losers may be future generations of taxpayers. Last Thursday, February 17, up to 25,000 protestors, led by public-sector union officials, rallied in the state capital of Madison to intimidate legislators out of voting in favor of new Republican Governor Scott Walker's budget austerity plan, which includes major concessions from unions.

6,726 reads
02/18/2011 - 16:55

The House of Representatives on Wednesday defeated an amendment to the Continuing Resolution that would have eliminated the Legal Services Corporation (LSC). Sponsored by Rep. Jeff Duncan (R-SC), the amendment should not have been necessary. Appropriations Committee Hall Rogers (R-KY) protected LSC by inserting only a modest cut of $70 million in the Continuing Resolution. He should have zeroed it out. In fiscal year 2010, LSC received $420 million.

3,994 reads
02/16/2011 - 11:00

electric plugProgress Energy CEO Bill Johnson, whose company will (pending approval) be swallowed by larger electric utility Duke Energy, has been making the media rounds. He has discussed the planned merger, which he says is necessary because of looming capital projects that will be needed to meet electricity demand, but he also warned regulators in Washington of the dangers posed by the heightened government regulatory environment:

6,525 reads
02/15/2011 - 19:20

SEIU logoIt's not every day that an American labor union gets investigated for possible ties to two of the world's most lethal terrorist organizations. But Chicago's Service Employees International Union Local 73 isn't an everyday union. Last September 24, FBI agents raided residences in Illinois, Minnesota and Michigan of more than a dozen radical activists in an effort to connect them to the Hamas (Gaza and the West Bank) and FARC (Colombia) guerrilla movements. Two of the occupants were SEIU Local 73 chief steward and executive board member Joe Iosbaker and former local board member-steward Tom Burke. Neither they nor anyone else has been arrested. But as the case unfolds, questions have arisen over the possibility of involvement not only by the activists, but also by elements of the Chicago-based radical network that nurtured President Obama's political ambitions.

9,209 reads
02/14/2011 - 17:34

autoworkerGeneral Motors will pay its factory workers bonuses of $4,000 each. AP reports that more than $189 million will be paid to UAW workers in addition to salaried workers (management and engineers) bonuses of up to 50% of pay. It is interesting to read the decidedly negative view of GM's actions in comments that are submitted by readers at the end of the AP article. It remains a "tale of two cities", however, when it comes to media coverage (particularly from television journalists) with many commentators refusing to acknowledge the public outrage as GM spends millions of dollars on bonuses while taxpayers and GM bondholders continue to have their rights subordinated to the politically powerful UAW.

4,432 reads
02/13/2011 - 23:07

LSC logoIn response to criticism that his first round of cuts did not go far enough, House Appropriations Committee Hal Rogers (R-KY) has now produced a continuing resolution with $100 billion in cuts. Amazingly, the Legal Services Corporation (LSC) again survived relatively intact.

Instead of a modest $75 million cut, Rogers has now increased the cut to a modest $85 million. Even the size of these cuts is illusory because they are off of President Obama's fiscal year 2011 budget figure of $435 million. When applied against the $420 million that LSC actually received in 2010, the latest cut is only $70 million.

4,515 reads
02/13/2011 - 13:39

Meeks photoRep. Gregory Meeks (D-NY) held what looks like a fundraiser in Las Vegas but he reported no donations from the event. Talk about a bad bet. According to Isabel Vincent and Melissa Klein in today's New York Post:

Meeks purported to hold a fund-raiser in Sin City for his Build America Political Action Committee, but his office refused to say when it took place or who attended. The financial disclosures for the Queens Democrat were similarly vague.

The latest disclosure for the PAC -- covering Nov. 23 to Dec. 31, 2010 -- shows the group spent $8,063 at the posh Aria resort in Las Vegas for "catering, site rental and lodging."

3,048 reads
02/09/2011 - 15:08

Hal Rogers photoIn the budget cuts announced today by House Appropriations Chairman Hal Rogers, the Legal Services Corporation (LSC) is slated for a token $75 million reduction. This is a genuine outrage. LSC should have been zeroed out completely.

In a statement today titled "CR Spending Cuts Go Deep," Rogers says, "Make no mistake, these cuts are not low hanging fruit." This is nonsense. Defunding the politicized and scandal-ridden LSC should have been easy. If the Republican Congress can't even cut off LSC, how will it ever make the tough choices necessary to reduce the deficit?

3,841 reads
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