Tag Archives: Corruption

Who cut federal spending more, Bush or Obama?

The Heritage Foundation is my favorite think tank, just like the Investors Business Daily podcast is my favorite podcast.  These two news sources are heads and shoulders over anything else. Except for Commenter ECM, but that goes without saying.

Let’s see what they have for us today!

First, let’s get an answer to the question of who cut spending more, Bush (in his last year budget) or Obama (in his first budget)?

The graphic, from Keith Hennesey, tells all:

Who cut spending more? Bush or Obama?
Who cut spending more? Bush or Obama?

Oh, that reminds me of a video I saw on the Maritime Sentry of the lovely Michele Bachmann trying desperately to persuade the silly people in Congress not to give more money to organizations like ACORN who are facing charges of voter fraud. But there’s only one Michele and so many other unqualified people.

Well, let’s see her speak anyway:

She’s addressing Barney Frank, who is one of the people responsible for the recession in my opinion.

I don’t know why they won’t listen to her and do what she wants. When I see Michele speaking, I just want to give her whatever she wants. She seems so passionate, moral and competent, much more so than the other people who haven’t actually run a business or home-schooled 5 children and 23 foster children.

Representative Michele Bachmann
Representative Michele Bachmann

She had a post on her blog about her amendment to block giving money to ACORN, too.

Excerpt:

On Monday of this week, charges were brought in Nevada against ACORN and two of its former employees for voter registration violations, and  today, the Allegheny County District Attorney in Pennsylvania charged seven employees of ACORN with forgery and election law violations, saying they filed hundreds of fraudulent voter registrations during last year’s general election.

It really could not be more timely as Chairman Barney Frank was just on the House floor trying to justify his amendment to the Mortgage Reform and Anti-Predatory Lending Act that will allow groups such as ACORN that have been indicted, or have employees who have been indicted, of voter fraud to receive millions in taxpayer funding.

Last week, the House Financial Services Committee unanimously passed my amendment to prohibit the flow of your money to such groups, but Chairman Frank feels it necessary to take back his support for that commonsense language and raise the bar so that organizations would have to be convicted before their access to tax dollars would be cut off.

While I realize that we are all innocent until proven guilty, ACORN has established a pattern of voter registration violations that seems to pop up election after election and in state after state.  The courts are the appropriate place to try guilt and innocence.  Congress has a fiduciary obligation to spend tax dollars wisely.

Your taxpayer money must be held to the highest standard, and not used to engage in a proven pattern of voter registration violations.

Here’s another story from the Heritage Foundation about Obama’s interventions into the free market. The more he meddles, the fewer people will want to run businesses in the USA, and the more unemployment there will be. You’ll remember that Obama tried to force the banks to stiff creditors for pennies on the dollar, while giving his union supporters a much better bankruptcy deal than they deserved.

“…I am indeed fearful writing this. It’s really a bad idea to speak out. Angering the President is a mistake…” What country would you expect to hear a citizen make this statement? Venezuela? Cuba? Russia? Nope, those are the words of prominent hedge fund manager Clifford Asness, who wrote a now-famous and widely circulated open letter this week describing the intimidation techniques used by President Obama and his administration.

Why did the President have to resort to such enhanced techniques of intimidation? Mainly because he was asking financial lenders to engage in the same unscrupulous acts his administration has been engaging in since January, i.e. picking winners and losers without concern for free market principles. The President wanted hedge funds to force a loss on investment onto their unknowing clients, so he could reward supportive union bosses in a “controlled” (i.e. Obama controlled) bankruptcy.

The rest of the post documents the ways in which government intervention and intimidation of private business hurts the economy. And they summarize Tom Lauria’s testimony that I blogged about before:

Tom Lauria, a prominent bankruptcy judge, and Democratic Party contributor, recently told WJR in Detroit: “One of my clients was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under threat that the full force of the White House press corps would destroy its reputation if it continued to fight.” Certainly the White House press corps considers themselves independent of any revenge scheme the President may cook up, but then why has their silence on these issues been so loud?

And here is the big picture lesson:

While the left and the right can agree to disagree on certain matters of this bailout, every American should be on one side of this intimidation debate, against what Michael Barone labeled “Gangster Government“. Whether trying to strong arm the dissolution of a company to benefit its union bosses, or trying to use selective declassification of national security memos to prove a policy point, the White House needs to be held to the highest (not higher) standard. The best way to end this cycle of government intimidation is to get government out of these businesses to begin with. Without an end, there shall be no means.

Attack the free market and you attack all of our liberties, especially our precious freedom of religious expression. If I cannot earn an income and make purchases without government approval, then I am not free. We have to keep talking about this story until Obama understands.

My next story is from Victor Davis Hanson, writing in Investor’s Business Daily. He makes the case that America is strong, secure and prosperous for specific reasons. Mess with the design of the country and we will lose our liberty, security and prosperity.

His first example is environmental regulation in California:

Now in California — the nation’s richest farm state — the population is skyrocketing toward 40 million. Yet hundreds of thousands of acres of farmland this year are going out of production, and with them thousands of jobs.

Why? In times of chronic water shortages, environmentalists have sued to stop irrigation deliveries in order to save threatened two-inch-long delta fish that need infusions of fresh water diverted from agricultural use. And for environmental and financial reasons, we long ago stopped building canals and dams in the Sierra Nevada to find sources of replacement irrigation water.

And what about domestic energy production?

Developing such traditional sources of energy responsibly would save us trillions of dollars in imported fuels, keep jobs at home and allow the nation a precious window of energy autonomy as we steadily transfer to more wind, solar and renewable energy.

If we exploit our own energy carefully offshore and in Alaska, it will mean less sloppy foreign drilling off places like Nigeria or in the fragile Russian tundra to feed American cars and trucks.

And what about being able to project military power abroad?

Democrats and Republicans have also taken for granted having enough military power to intervene overseas to remove tyrants like Saddam Hussein, Slobodan Milosevic, Manuel Noriega and the Taliban — and to stop atrocities whenever we can. But such power takes hundreds of billions of dollars in expensive hardware and military personnel.

He also wants to keep the defense budget static, or even cut it in some places.

In our have-it-both-ways generation, we want to keep our involvements abroad while not worrying as much about the practical means to meet them.

And his last example, massive deficits… and expanded entitlement programs?

Then there is the question of national debt. We are projected to run a record $1.7 trillion deficit — and may add $9 trillion to our existing $11 trillion in aggregate debt over the next eight years.

Meanwhile, the president has outlined vast new entitlement programs in health care, education, environmental programs and infrastructure.

It’s like we think that the USA is a magic place that will somehow keep running smoothly if we stop believing everything that got us the top spot in the first place. Shouldn’t we send Obama to North Korea or something where his policies might actually be welcomed? Democrats can’t handle any of these issues. Let’s put Michele Bachmann in charge in 2012.

Is Al Gore getting rich from faith-based global warming alarmism?

Representative Marsha Blackburn
Representative Marsha Blackburn

You may remember I blogged before about how Marsha Blackburn asked Al Gore about whether he was profiting from his global warming alarmism? That was a very interesting video clip. And Green Hell Blog has posted many interesting things about Gore’s answer to Blackburn in that video clip.

Excerpt: (H/T Gateway Pundit)

When Tennessee Rep. Marsha Blackburn confronted Al Gore with his profiteering from global warming legislation at today’s House Energy and Environment Subcommittee hearing on the Waxman-Markey climate bill, Al Gore said that every penny he ever made from his business activities went into non-profit efforts.

That is a flat-out lie, according to this March 6, 2008 Bloomberg report that indicates that Al Gore invested $35 million of his own money in various for-profit endeavors.

Former U.S. Vice President Al Gore left the White House seven years ago with less than $2 million in assets, including a Virginia home and the family farm in Tennessee. Now he’s making enough to put $35 million in hedge funds and other private partnerships.

Gore invested the money with Capricorn Investment Group LLC, a Palo Alto, California, firm that selects the private funds for clients and invests in makers of environmentally friendly products, according to a Feb. 1 securities filing. Capricorn was founded by billionaire Jeffrey Skoll, former president of EBay Inc. and an executive producer of Gore’s Oscar-winning documentary film on global warming.Kudos to Rep. Blackburn for asking one of the “10 Questions for Al Gore” and exposing Gore as the fundamentally dishonest operator that he is.

Pro Patria analyzed of Al Gore’s rising net worth here.

Excerpt: (H/T Gateway Pundit)

So what has Al Gore gained from his Big Green escapades?

According to public disclosure information, Gore was worth somewhere between $1 million and $2 million in 2000. Not quite eight years later, Gore is estimated to be worth somewhere in the neighborhood of $100 million. While I ordinarily would applaud such financial gains from such a short period of time, I can’t help but to question just how it happened. When you look out at what Al Gore has done, it’s evident that he figured out on a way to capitalize on the creation of Big Green while becoming the official doomsday prophet that has helped to build Big Green into the monetary powerhouse that it has become.

In any other industry this would be considered a severe conflict of interest. In essence, Al Gore has helped to create a fictitious catastrophe, then told everybody what the solutions have to be, and then put himself in a position to capitalize on the hype. It’s not only seriously dishonest, but many people and industries are going to suffer in the wake of this hype while Gore and Big Green bring in millions (and in some cases, billions) of dollars in green money.

Follow the money! Somehow I doubt that he is giving away the vast majority of it, like Dick Cheney did.

Marsha Blackburn busts Al Gore on cap and trade corruption

Representative Marsha Blackburn
Representative Marsha Blackburn

Surprise! Al Gore stands to gain from the cap and trade legislation that he’s backing! No wonder Democrats oppose domestic oil production.

Gateway Pundit has the story:

Rep. Marsha Blackburn (R-Tenn.) challenged Al Gore’s motives for supporting climate change legislation including his links to a firm that will make millions from cap and trade:

Funny… During that same hearing Gore compared global warming skeptics to fraudster Bernie Madoff.

Video clip:

More from The Hill:

Blackburn noted Gore’s role as partner in Kleiner, Perkins, Caufield & Byers, a venture capital firm that invests in technology to address global warming.

Blackburn asked Gore if he stood to benefit financially from cap-and-trade legislation, which would force companies to reduce carbon emissions. Companies would likely turn to the kinds of technologies Kleiner Perkins helps develop.

“This bill is going to fundamentally change the way America works.” Given the magnitude of those changes, I think it’s really important that no suspicion or shadow fall on the foremost advocates of climate change legislation. So I wanted to give you the opportunity to kind of clear the air about your motives and maybe set the record straight.”

Transcript:

BLACKBURN: I’ve got an article from October 8th, the New York Times Magazine about a firm called Kleiner Perkins. A capital firm called Kleiner Perkins. Are you aware of that company?

GORE: (LAUGHS) Well yes, I’m a partner at Kleiner Perkins.

BLACKBURN: So you’re a partner at Kleiner Perkins. OK. Now they have invested about a billion dollars in 40 companies that are going to benefit from cap and trade legislation. So is the legislation that we’re discussing here today, is that something you are going to personally benefit from?

GORE: I believe that the transition to a green economy is good for our economy and good for all of us. And I have invested in it. But every penny that I have made, I have put right into a non-profit, the Alliance for Climate Protection, to spread awareness about why we have to take on this challenge. And Congresswoman, if you’re, if you believe the reason I have been working on this issue for 30 years is because of greed, you don’t know me.

BLACKBURN: I’m not making accusations. I’m asking questions that have been asked of me. And individuals, constituents that were seeking a point of clarity–

GORE: I understand exactly what you’re doing, Congresswoman. Everybody here does.

BLACKBURN: Well, are, you know, are you willing to divest yourself of any profit? Does all of it go to a not-for-profit that is an educational not-for-profit.

GORE: Every penny that I have made has gone to it. Every penny from the movie, from the book, from any investments in renewable energy. I’ve been willing to put my money where my mouth is. Do you think there’s something wrong with being active in business in this country?

The Heritage Foundation has more on Al Gore’s testimony here.

I blogged about the increases we can expect in energy prices here.

Read my lips. Cap and trade is a tax on energy consumption: (H/T Gateway Pundit, The Heritage Foundation)

Remember Al Gore’s house?

So much that last August Tipper and Al Gore used twice as much electricity in their two-building property as an average U.S. household uses in an entire year, the Tennessee Center for Policy Research, a think tank, reported Tuesday.

Public power and gas bills turned up by the group show that the man behind the Oscar-winning global warming wakeup documentary, “An Inconvenient Truth,” uses much more overall carbon-based fuel than the average American, spending thousands of dollars a month on electricity and gas.

An inconvenient truth.