Congressman Mollohan Loses Democratic Primary

Mollohan photoRep. Alan Mollohan, whose finances were the subject of a four-year federal probe triggered by NLPC, was defeated yesterday in the Democratic primary in West Virginia’s first Congressional District. The 14-term Congressman was beaten 56 to 44 percent by state Senator Mike Oliverio, who made corruption the centerpiece of his campaign. Mollohan accused Oliverio of “spreading right-wing smears.”

The investigation began in February 2006 after NLPC filed a 500-page Complaint with the U.S. Attorney for the District of Columbia alleging that Mollohan failed to report millions in assets on his Congressional disclosure forms in order to conceal cozy financial relationships with recipients of earmarks he had arranged.

Mollohan, a member of the Appropriations Committee, earmarked as much as $500 million to nonprofit groups founded and controlled by business partners, campaign contributors and former staffers.

Our allegations were first made public in a front-page Wall Street Journal story by the late … Read More ➡

Former Wal-Mart CEO Lee Scott Belittled at Goldman Sachs Annual Meeting

Lee Scott photoAt the Goldman Sachs annual meeting on Friday, former Wal-Mart CEO Lee Scott was elected to the Goldman board of directors. Several Left-wing activists rose to sing his praises. I added this comment at the end of my remarks about our shareholder proposal asking for a report on the science behind Goldman’s embrace of global warming:

Mr. Blankfein, I hope you will reach out to experts on with diverse viewpoints. Sorry to say, your new director, Lee Scott, can be of no help. He claimed that carbon dioxide causes hurricanes, something he must have picked up from Al Gore. He also took a company founded by Sam Walton, one of the greatest entrepreneurs of all time, and transformed it into a cowed giant, almost an appendage of the state, now supporting ObamaCare and cap and trade.

Lee Scott’s transformation of Wal-Mart into an instrument of the political Left is documented … Read More ➡

Lloyd Blankfein Plays Dumb on Goldman Sachs Support for Jesse Jackson

Blankfein photoAt the Goldman Sachs annual meeting on Friday, I had an unplanned exchange with CEO Lloyd Blankfein about Goldman’s support of Jesse Jackson, who was at the meeting and kept popping up to speak. Jackson was acting adversarial toward Blankfein, even though Goldman Sachs is one of Jackson’s largest financial supporters.

In hopes of ending this charade, I asked Blankfein to clarify the relationship between Goldman and Jackson as that of donor and recipient. Blankfein said he didn’t know if Goldman supported Jackson. I challenged him by asking, “You do not know?” and “You give Jackson’s group six-figure sums and you don’t know about it?” Blankfein continued to play dumb, so I moved on to address our resolution asking for a report on the science behind Goldman’s embrace of global warming.

Of course, Blankfein is not dumb, just dishonest.

At the end of my remarks, Jackson approached me at the … Read More ➡

Goldman Sachs Ripped on Embrace of Global Warming

Goldman Sachs logoMy remarks at Goldman Sachs annual meeting today:

I regret that management opposes our resolution asking for a report on the science behind Goldman’s public positions on global warming. In 2005, Goldman Sachs established its “Environmental Policy Framework,” which stated:

“Goldman Sachs acknowledges the scientific consensus, led by the Intergovernmental Panel on Climate Change (IPCC), that climate change is a reality and that human activities are largely responsible for increasing concentrations of greenhouse gases in the earth’s atmosphere.”

IPCC, an organization of the United Nations, does not conduct its own scientific research but relies on the research of others, such as the Climatic Research Unit (CRU) of the University of East Anglia.

In late 2009, CRU became embroiled in the “Climategate” scandal, after hacked emails and documents were placed on the internet suggesting that CRU and/or collaborating scientists elsewhere:

1)    Sought to exaggerate data supportive of global warming.

2)    Sought … Read More ➡

PepsiCo’s Lobbying for Cap and Trade Hit at Annual Meeting

Nooyi photoNLPC is the sponsor of a shareholder proposal that asks PepsiCo to report on its lobbying priorities. Here are my remarks today at the PepsiCo annual meeting in Plano, Texas:

I regret that PepsiCo opposes this resolution asking for a report on the company’s lobbying priorities. I would think that management would welcome the opportunity to explain its priorities.

PepsiCo is a member of the U.S. Climate Action Partnership a coalition of corporations and environmental groups. USCAP’s mission is to “quickly enact strong national legislation to require significant reductions in greenhouse gas emissions.” The House of Representatives has obliged in the form of the Waxman-Markey bill. According to the Heritage Foundation, this bill would destroy over 1.1 million jobs, hike electricity rates 90 percent, and reduce the U.S. gross domestic product by nearly $10 trillion over the next 25 years.

If consumers have to spend all their money on their … Read More ➡

PepsiCo’s Lobbying for Cap and Trade to be Hit at Annual Meeting

PepsiCo logoNLPC is sponsoring a PepsiCo shareholder proposal asking for a report on the company’s lobbying priorities. At the PepsiCo annual tomorrow in Plano, Texas, I will argue that the company’s lobbying priorities are seriously out of whack.

I will cite PepsiCo’s membership in U.S. Climate Action Partnership (USCAP), a coalition of corporations and environmental groups. USCAP’s mission is to “quickly enact strong national legislation to require significant reductions in greenhouse gas emissions.” The House of Representatives has obliged in the form of the Waxman-Markey bill that would destroy over 1.1 million jobs, hike electricity rates 90 percent, and reduce the U.S. gross domestic product by nearly $10 trillion over the next 25 years.

Corporate membership in USCAP has become controversial in the wake of the “Climategate” scandal, and as the prospects for cap and trade have ebbed. BP, ConocoPhillips, and Caterpillar have withdrawn from the group. I will propose … Read More ➡

Boehm Predicts Resurgence of Legal Services Abuses if Reforms Are Gutted

Boehm testifying photoAt a House Judiciary subcommittee hearing, NLPC Chairman Ken Boehm was the lone witness opposed to reauthorization of the taxpayer-funded Legal Services Corporation (LSC). The April 27 hearing was chaired by Rep. John Conyers (D-MI), who favors the reauthorization bill that increases the LSC budget to $750 million and strips out important reforms instituted in 1996.

Boehm warned that the reauthorization would mean a new round of problems for the scandal-plagued program. LSC funds a network of lawyers in dozens of communities to provide civil (not criminal) day-to-day legal help to poor people. Many LSC-funded lawyers spend their time on left-wing political and social causes, instead of helping the poor. Click here to download a 14-page pdf of Boehm’s testimony.

Because of controversy, LSC has not been reauthorized since 1977. A series of reforms were instituted in 1996 as appropriations riders to combat the politicization of the program.  The proposed … Read More ➡

Will Goldman Sachs Now End the Sanctimony?

Blankfein photoWith the SEC now charging Goldman Sachs with a billion dollar fraud, I hope CEO Lloyd Blankfein and his colleagues will end the sanctimony and indignation that has characterized their response to recent criticism of the firm, some of it coming from these quarters. The SEC charges come a day after reports surfaced that Goldman director Rajat Guptatold is under investigation for his possible role in the separate Galleon insider trading case.

We do not subscribe to the wilder conspiracy theories about Goldman, but we do have serious concerns in two areas:

1) Goldman Sachs exercizes undue influence on the government through a network of former Goldman executives who have rotated in and out of powerful government posts.

2) Goldman Sachs is one of the most profitable firms in the country. Yet, its executives and the company itself bankroll and promote of host of anti-business causes.

Neither of these things … Read More ➡

MSNBC Covers Steele/Sharpton Flap

MSNBC’s Mara Schiavocampo reported live on Wednesday, April 14 from the National Action Network (NAN) conference about NLPC’s request that Republican National Committee Chairman Michael Steele cancel his Thursday speech. Steele should have listened to us. According to the New York Daily News:

Republican National Committee Chairman Michael Steele embraced the Rev. Al Sharpton as a “strong leader” yesterday while comparing some in his own party to an elephant’s rear end.

Steele so far has weathered a recent controversy over RNC spending, including a $2,000 tab at a bondage-themed club in California, which upset fellow Republicans.

But his speech to a midtown gathering of Sharpton’s National Action Network could set off a new round of GOP head-scratching.

Though Sharpton has long been vilified by Republicans, Steele hailed him as a “friend.”

This came during the same week that Sharpton attacked Supreme Court Justice Clarence Thomas in racially-charged terms. … Read More ➡

Rep. Gregory Meeks Reports Subpoena to House

subpoena photoOn Tuesday, Rep. Gregory Meeks (D-NY) formally notified the House of Representatives that he had received a subpoena, as required by House rules. The subpoena was first reported by the New York Daily News on April 2 in the wake of our allegations that Meeks got a sweetheart deal on his house, and is involved with a charity that raised money for Hurricane Katrina victims who never saw it.

Did Meeks and/or Pelosi sit on the subpoena notification until after the March 21 health care vote? It depends on when Meeks got the subpoena. House Rule VIII states:

Such notification shall promptly be laid before the House by the Speaker. During a period of recess or adjournment of longer than three days, notification to the House is not required until the reconvening of the House, when the notification shall promptly be laid before the House by the Speaker. (emphasis ours)

Read More ➡