Tag Archives: Probe

News

Democrats join Republicans in demanding probe into Delphi pension scandal

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From the Daily Caller.

Excerpt:

Twelve lawmakers wrote to House oversight committee Chairman Rep. Darrell Issa and Senate Homeland Security and Governmental Affairs Committee Chairman Sen. Joe Lieberman asking that they expand current probes into a Department of Treasury scandal that left 20,000 non-union Delphi retirees without their pensions after the 2009 General Motors bailout.

The members — Sens. Rob Portman of Ohio, Thad Cochran of Mississippi and Roger Wicker of Mississippi, and Reps. Pat Tiberi of Ohio, Steve Stivers of Ohio, Mike Kelly of Pennsylvania, Dan Burton of Indiana, Bill Johnson of Ohio, Paul Gosar of Arizona, Marcy Kaptur of Ohio and Gregg Harper of Mississippi — are led by Ohio Republican Rep. Mike Turner.

“We are writing to request that the committees which you chair submit additional requests for documents from the Department of the Treasury and the Pension Benefit Guaranty Corporation (PBGC) on matters pertaining to the unjust termination of Delphi salaried retiree pensions in the federal government’s bailout of General Motors,” the lawmakers wrote. “As you may know, the pensions of Delphi salaried retirees were significantly reduced in the aftermath of the bailout, while their union counterparts were made whole. These retirees, regardless of labor affiliation or not, spent their careers working alongside one another and should not be treated differently in their retirement. This decision of the Auto Task Force, Treasury, and the PBGC continues to affect roughly 20,000 current and future retirees across the nation.”

The bipartisan support for this renewed investigation call — Kaptur is a Democrat — undercuts the Obama campaign’s accusations that his GOP rival, Mitt Romney, and Turner are trying to “politicize” this scandal.

Portman, who’s widely considered to be on Romney’s short list of potential vice presidential candidates, said in a statement that he has “met with these hard-working Ohioans who lost a significant portion of their pension benefits while other retirees from the same company received far better treatment.”

“The idea that the administration played politics with their pensions is beyond disappointing, and it deserves answers,” Portman said. “The administration’s decisions have caused pain and loss to thousands of workers and their families as a result of their reduced benefits. This matter deserves continued scrutiny from Congress, and the administration must be called upon to account for its decisions.”

Remember way back in 2009 about how the auto bailouts favored the unions over the private sector creditors who would normally be paid more of whatever could be saved? This isn’t the first time that the private sector – which funds the government –  was screwed by the government. But “the private sector is fine”.

News

Canada’s state run broadcaster fights back against probe of finances

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From the Toronto Sun. (H/T Andrew)

Excerpt:

The CBC — the mega-corporation that is demanding yet another $1.1-billion bailout from taxpayers this year, just like it demanded a $1.1-billion bailout from us last year — is panicking.

For weeks it’s been sweating about a parliamentary investigation into its bad behaviour, including its violation of the Access to Information law. That’s an important law to allow taxpayers to scrutinize how government agencies spend our money.

The non-partisan information commissioner has given the CBC a grade of “F” for its secrecy — but it still violates her order for it to disclose the truth. It’s spending millions in legal expenses to hide how it’s spending billions in other expenses.

This bad behaviour was coming to a head last week when Parliament was going to turn over some rocks and see what was going to go scurrying.

And so it panicked.

On the eve of the Parliamentary inquiry, it used part of its $1.1 billion — money that is supposed to go to journalism — to launch a crazy, personal attack on the president of Quebecor and QMI Agency, Pierre Karl Peladeau, one of Canada’s most successful private-sector media entrepreneurs.

Unlike the CBC, Peladeau built his company honestly and with his own efforts. He took a newspaper company started by his father, Pierre Peladeau, and turned it into Quebec’s most successful media company, Quebecor — and then joined with English-Canada’s biggest newspaper company, Sun Media Corp. And then he built the Sun News Network.

All without a billion-dollar-a-year bailout.

And so last week, the night before Peladeau’s testimony to Parliament, the CBC freaked out.

In an unprecedented move, it issued what can only be called an attack ad against Peladeau. It wasn’t a news story. It was a false and defamatory attack on our company, as vengeance for our questions about how the CBC spends taxpayer money.

If any other government department had done something like this, whoever responsible would be fired immediately. It wasn’t just unprofessional. It wasn’t just outside of its mandate of what it is given its government money for. It was an attempt to destroy a private-sector competitor.

Why is this interesting? Because it shows what happens when the government oversteps its bounds and starts to compete with the private sector in areas that are totally unrelated to its enumerated powers and specific responsibilities. Not only will you find corruption in nationalized corporations, but massive waste as well. Private sector companies face competitive pressures that government monopolies do not face. That forces them to root out corruption and waste, because there is always the firm next door looking to serve the customer better – with higher quality and at a lower cost.

We need to be very careful about handing money to people in government who simply don’t care as much about the needs of their customers. Do you think that the CBC could ever favor tax cuts or spending cuts or even more choices for taxpayers? Of course not. They have to tell people whatever causes them to vote for bigger government, because that’s where their money comes from.

News

Why should you vote for the Republicans in November?

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Because it will be mean and vengeful, according to this Politico article.

Excerpt:

Republicans are planning a wave of committee investigations targeting the White House and Democratic allies if they win back the majority.

Everything from the microscopic — the New Black Panther party — to the massive –- think bailouts — is on the GOP to-do list, according to a half-dozen Republican aides interviewed by POLITICO.

Republican staffers say there won’t be any self-destructive witch hunts, but they clearly are relishing the prospect of extracting information from an administration that touts transparency.

And a handful of aggressive would-be committee chairmen — led by Reps. Darrell Issa (R-Calif.) and Lamar Smith (R-Texas) — are quietly gearing up for a possible season of subpoenas not seen since the Clinton wars of the late 1990s.

And then the article lists six possible investigations:

  • Jobgate: Issa has made no secret of his interest in getting to the bottom of muddled, mishandled White House attempts to force Democratic Senate candidates Joe Sestak and Andrew Romanoff from races in Pennsylvania and Colorado.
  • Bailoutgate: No investigation poses a more significant political danger to Obama than a no-holds-barred GOP probe into TARP, the AIG bailout, the Freddie-Fannie sinkhole and the administration’s de facto takeover of GM and Chrysler.
  • Mortgagegate: Sen. Chris Dodd’s embarrassing placement on the company’s VIP mortgage list played a major role in the Connecticut Democrat’s involuntary retirement earlier this year.
  • Black-Panthergate: Smith, the ranking member of the Judiciary Committee, has already pressed Holder to look into charges that members of the New Black Panther Party intimidated voters at a Philadelphia polling place in 2008.
  • ACORNgate: A whole host of Republicans — led by Reps. Michele Bachmann (R-Minn.) and Steve King (R-Iowa) on the party’s right wing — have demanded an investigation into the defunct community organizing group’s ties to the Obama campaign.
  • Gulf-Spillgate: Interior Secretary Ken Salazar has admitted MMS officials were asleep at the switch in monitoring BP’s Deepwater Horizon platform before it blew up. But Issa is bent on finding out which Obama administration officials were responsible for missing the warning signs and why clean-up and response efforts didn’t take place more quickly.

(Steeples fingers) Mwahahahahahaaaa! I mean – that’s interesting.