Government Motors is Still a Lemon

NLPC Associate Fellow Mark Modica wrote this op-ed appearing in today’s New York Post:

Fans of the federal govern ment’s auto bailout will push the “GM comeback” story at this week’s New York International Auto Show. Good luck with that one.

Taxpayers still own about 26 percent of GM, and it looks increasingly unlikely that they’ll ever get their money back: The share price would have to rise to more than $54, and it’s stuck in the low thirties. Here’s why:

GM’s management team lacks stability, with Dan Akerson being the fourth chief executive in less than two years (oh, and CFO Chris Liddell recently resigned).

One of Akerson’s main focuses has been to ballyhoo the Chevy Volt, but Consumer Reports says GM’s hybrid “just doesn’t make a lot of sense.” More important, it isn’t selling — only 1,210 Volts have sold this year through the end of March.… Read More ➡

Obama Invested in Company That Got Sweet Deal From FCC

Last night, NLPC Chairman Ken Boehm appeared on Fox Business Network to describe political favoritism by the Federal Communications Commission (FCC) that benefited Harbinger Capital, a hedge fund headed by billionaire Phil Falcone.

NLPC first accused the FCC of favoritism in a February 2 request for an investigation by the House Committee on Oversight and Government Reform, chaired by Rep. Darrell Issa (R-CA). We pointed to large donations to Democratic Senatorial Campaign Committee, made a week after Falcone visited the White House, that appeared to be related to the FCC’s fast track approval of Harbinger’s acquisition of a company called SkyTerra, which has been renamed LightSquared.

More significantly, the FCC also allowed LightSquared to exploit a loophole that allows it to deploy a national 4G wireless network to handle cell phone calls and data. LightSquared is getting valuable wireless spectrum on the cheap, while its competitors like AT&T and … Read More ➡

Colgate-Palmolive CEO Admits Bankrolling Sharpton After Company Denied It

Sharpton photoYesterday, Dr. Carl Horowitz of the NLPC staff spoke at the Colgate-Palmolive annual meeting in New York City in support of our resolution asking the company to disclose its charitable contributions. In the past year, Colgate had both ballyhooed and denied that it supports Sharpton’s group, the National Action Network (NAN).

Horowitz forced CEO Ian Cook to admit that the company is a donor to NAN. Cook did not explain why the company denied it in October 2009.

Here are Horowitz’ remarks:
                
I’d like to focus on recent donations by Colgate-Palmolive to National Action Network, headed by Rev. Al Sharpton.

Peter Flaherty, our organization’s president, raised this issue two years ago at this meeting. He noted in front of shareholders that Colgate-Palmolive had accepted a “corporate excellence” award from Sharpton. He then asked a logical question: Did Colgate-Palmolive give to National Action Network, and, if so, how much? … Read More ➡

House Roll Call Vote on Health Care

end back room deals photoHere is the state-by-state roll call vote on Obamacare which passed the House 219-212 on March 21, 2010.

Voting yes were 219 Democrats and 0 Republicans.

Voting no were 34 Democrats and 178 Republicans.

There are 4 vacancies in the 435-member House.

ALABAMA

Democrats — Bright, N; Davis, N.

Republicans — Aderholt, N; Bachus, N; Bonner, N; Griffith, N; Rogers, N.

ALASKA

Republicans — Young, N.

ARIZONA

Democrats — Giffords, Y; Grijalva, Y; Kirkpatrick, Y; Mitchell, Y; Pastor, Y.

Republicans — Flake, N; Franks, N; Shadegg, N.

ARKANSAS

Democrats — Berry, N; Ross, N; Snyder, Y.

Republicans — Boozman, N.

CALIFORNIA

Democrats — Baca, Y; Becerra, Y; Berman, Y; Capps, Y; Cardoza, Y; Chu, Y; Costa, Y; Davis, Y; Eshoo, Y; Farr, Y; Filner, Y; Garamendi, Y; Harman, Y; Honda, Y; Lee, Y; Lofgren, Zoe, Y; Matsui, Y; McNerney, Y; Miller, George, Y; Napolitano, Y; Pelosi, Y; Richardson, Y; Roybal-Allard, … Read More ➡

Flaherty: Rangel Denials ‘Implausible’

CNN’s Anderson Cooper looks at resignation of Rep. Chairman Charles Rangel as House Ways and Means Committee Chairman, with Joe Johns reporting. NLPC President Peter Flaherty calls Rangel’s claim “implausible” that he did not know of corporate sponsorship of Caribbean junket. Click here to download a 2-page pdf transcript.

Related:

NY City Cuts Off Funding For Rangel-Backed Group

Charles Rangel Attacks NLPC on House Floor

Rangel Faces New Ethics Complaint From Conservative Group (The Hill)

NLPC Files New Rangel Ethics Complaint

Two House Ethics Committee Members Tainted by Rangel Cash

Timeline of Charles Rangel Ethics Scandal

Photo Casts More Doubt on Rangel Claims

Flaherty: Rangel Had to Know of Junket’s Corporate Sponsorship (Fox News Channel video)

Flaherty: Rangel Dirty Even After Coming Clean (CNN/Anderson Cooper video)

Flaherty: Rangel is ‘Serial Offender’ (CNN/Anderson Cooper video)

NLPC Alleges Charles Rangel Hid More Income in Complaint to House Ethics CommitteeRead More ➡

Fox News: NLPC Exposed Rangel Junket

Fox News Channel reports on the House Ethics Committee’s admonition of Ways and Means Chairman Charles Rangel (D-NY) for accepting trips to Caribbean paid for by Citigroup and other corporations. NLPC President Peter Flaherty attended 2008 St. Maarten event and made photographs and recordings showing corporate involvement

Related:

Rangel Scandal Timeline

Flaherty: Rangel Dirty Even After Coming Clean (CNN/Anderson Cooper video)

Flaherty: Rangel is ‘Serial Offender’ (CNN/Anderson Cooper video)

NLPC Alleges Charles Rangel Hid More Income in Complaint to House Ethics Committee

Washington Post Calls on Rangel to Resign Ways and Means Chairmanship, But What About Criminality?

WSJ Highlights NLPC’s Efforts to Expose Rangel’s Tax Evasion

Rangel Hid $500K in Assets

House Ethics Committee Asks NLPC For Info on Rangel-Led, Citigroup-Funded Caribbean Junket

Peter Flaherty Discusses Citigroup-Funded Congressional Junket on CNBC (video)… Read More ➡

Flaherty: Rangel Had to Know of Junket’s Corporate Sponsorship

Fox News Channel reports on the House Ethics Committee’s admonition of Ways and Means Committee Chairman Charles Rangel for accepting travel from Citigroup and other corporations. NLPC President Peter Flaherty, who exposed the violation, says Rangel had to be aware of corporate sponsorship. Click here to download one-page pdf transcript.

Related:

Rangel Scandal Timeline

Flaherty: Rangel Dirty Even After Coming Clean (CNN/Anderson Cooper video)

Flaherty: Rangel is ‘Serial Offender’ (CNN/Anderson Cooper video)

NLPC Alleges Charles Rangel Hid More Income in Complaint to House Ethics Committee

Washington Post Calls on Rangel to Resign Ways and Means Chairmanship, But What About Criminality?

WSJ Highlights NLPC’s Efforts to Expose Rangel’s Tax Evasion

Rangel Hid $500K in Assets

House Ethics Committee Asks NLPC For Info on Rangel-Led, Citigroup-Funded Caribbean Junket

Peter Flaherty Discusses Citigroup-Funded Congressional Junket on CNBC (video)

Read More ➡

Ethics Group Seeks Freelance Writers

freelance photoNLPC is looking for freelance writers to join our team. The ideal candidate is a self-starter who can work remotely, and who possesses excellent writing skills and a dedication to accurate journalism. Most of all, candidates must share our passion for advancing our message, namely that bigger government means more corruption.

We are looking for writers for both reportorial and analytical pieces within specific areas:

  • Congressional and executive branch corruption
  • bailouts/financial meltdown
  • energy economy intervention/special interests
  • Leftist influence in corporate America

Please take a look at previous posts on our website (www.nlpc.org) for a flavor of our approach and specific interests.

Experience with the pressure-cooker environment of daily blogging is a plus, but since we will (modestly) compensate on per piece basis, we first seek QUALITY, which may allow us to accept both frequent and less frequent submissions. This is an excellent opportunity because NLPC’s postings have very high visibility … Read More ➡