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_SEPTEMBER 2008 NEWS_
YEAR 2008 CALENDAR Printable 2008 Calendar September 2008 News History August 2008 News July 2008 News June 2008 News May 2008 News April 2008 News March 2008 News February 2008 News January 2008 News |
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-
Giuliani
-
Paulson
- Corporate
-
Government
- Law
-
Politics
-
History
"The
Rich Are Staging a Coup This Morning ...a message from Michael Moore."
... "The biggest robbery in the history of this country is taking place
as you read this. Though no guns are being used, 300 million hostages are
being taken. Make no mistake about it: After stealing a half trillion dollars
to line the pockets of their war-profiteering backers for the past five
years, after lining the pockets of their fellow oilmen to the tune of over
a hundred billion dollars in just the last two years, [Republican President]
Bush and his cronies -- who must soon vacate the White House -- are looting
the U.S. [United States] Treasury of every dollar they can grab. They are
swiping as much of the silverware as they can on their way out the door."
... "No matter what they say, no matter how many scare words they use,
they are up to their old tricks of creating fear and confusion in order
to make and keep themselves and the upper one percent filthy rich. Just
read the first four paragraphs of the lead
story in last Monday's New York Times and you can see what the
real deal is:"
""Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.""Unbelievable. Wall Street and its backers created this mess and now they are going to clean up like bandits. Even [Republican] Rudy Giuliani is lobbying for his firm to be hired (and paid) to "consult" in the bailout." ... "The problem is, nobody truly knows what this "collapse" is all about. Even [Republican President Bush's] Treasury Secretary [Henry] Paulson admitted he doesn't know the exact amount that is needed (he just picked the $700 billion number out of his head!). The head of the congressional budget office said he can't figure it out nor can he explain it to anyone. " -By Michael Moore""Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages."
""At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees."
""Nobody wants to be left out of Treasury's proposal to buy up bad assets of financial institutions.""
_2008
News News Reference September
2008 News
September 25, 2008 News URL: #September-25-2008-News
20080925
Thursday
-
John
McCain -
Barack
Obama - Financial
-
Law
-
Veterans
-
Housing
- Energy
-
2008
Election - US
-
Iran
"McCain
has not sponsored a banking bill this Congress."
... "[2008 Election] Republican presidential nominee John McCain has not
introduced any banking or housing bills in the 110th Congress, while [2008
Election Presidential] Democratic rival Barack Obama has proposed five."
... "Obama’s legislation calls for bolstering housing assistance for veterans,
amending the Securities and Exchange Act of 1934 to provide shareholders
with an advisory vote on executive compensation, halting mortgage transactions
that promote fraud, authorizing local and state governments to crack down
on companies that invest in Iran's energy sector and authorizing a pilot
program to prevent at-risk veterans from becoming homeless." -By
Bob Cusack -TheHill.com
- Financial
-
Crisis
- Politics
-
Government
"Bailout
Could Deepen Crisis, CBO Chief Says: Asset Sales
May Lead to Write-Downs, Insolvencies, Orszag Tells Congress." ... "The
director of the Congressional Budget Office said yesterday that the proposed
Wall Street bailout could actually worsen the current financial crisis."
... "During testimony before the House Budget Committee, Peter R. Orszag
-- Congress's top bookkeeper --said the bailout could expose the way companies
are stowing toxic assets on their books, leading to greater problems."
... ""Ironically, the intervention could even trigger additional failures
of large institutions, because some institutions may be carrying troubled
assets on their books at inflated values," Orszag said in his testimony.
"Establishing clearer prices might reveal those institutions to be insolvent.""
... "In an interview later yesterday, Orszag explained using the following
example: Suppose a company has Asset X, whose value is recorded on the
books as $100. Because of the current economic decline, Asset X's real
value has dropped to $50. If the company takes part in the government bailout
and sells Asset X for $50, the company has to report a $50 loss on its
books. On a scale of millions of dollars, such write-downs could ruin a
company." ... "Such companies "look solvent today only because it's kind
of hidden," Orszag said. "They actually are insolvent" already, he said."
(1, 2)
-By Frank Ahrens -WashingtonPost
-
US
-
Germany
-
Global
- Financial
-
Crisis
- Politics
"Era
of U.S. financial dominance at an end: Germany."
... "Germany blamed the United States on Thursday for spawning the global
financial crisis with a blind drive for higher profits and said it must
now accept more market regulation and a loss of its financial superpower
status." ... "In some of the harshest criticism of the United States since
the crisis threw Wall Street banks into financial disarray this month,
German Finance Minister Peer Steinbrueck said the turmoil would leave "deep
marks" on both sides of the Atlantic, but called it primarily an American
problem." ... ""The world will never be as it was before the crisis," Steinbrueck
told the Bundestag lower house of parliament." ... ""The United States
will lose its superpower status in the world financial system. The world
financial system will become more multi-polar," he said." ... "The crisis
has put the [Republican President] Bush White House, which has long advocated
a hands-off approach to markets, on the defensive and forced it to rethink
its financial policy." -By Noah Barkin and Kerstin
Gehmlich -Reuters
via -Yahoo
- Jobs
-
History
-
Weather
-
Disasters
-
Louisiana
-
Texas
"Jobless
claims soar near 7-year high: First economic report
since financial meltdown shows initial unemployment claims rose by 7%,
boosted by Hurricanes Gustav and Ike." ... "According to a study by the
Department of Labor, initial filings for state jobless benefits increased
by a seasonally adjusted 32,000 to 493,000 in the third week of September.
It was the highest number of weekly claims since Sept. 29, 2001, when unemployment
soared in the wake of the Sept. 11 terrorist attacks." ... "The Labor Department
said about 50,000 of the new claims were due to the effects of Hurricanes
Gustav and Ike. There were 18,400 more claims from the week before in Louisiana
alone, and Texas added 1,200." ... "Earlier this month, the government
reported that there were 84,000 jobs lost in August, bringing to 605,000
the number of jobs cut from payrolls by U.S. employers in the first eight
months of the year." ... "The unemployment rate surged to 6.1% last month,
a nearly five-year high and up from 5.7% in July. In the last recession,
unemployment reached a high of 6.3%." -By David Goldman
-CNN
-
Sarah
Palin - Politics
-
2008
Election -
Alaska
- US
-
Kenya
"Palin
once blessed to be free from 'witchcraft'." ... "A
grainy YouTube video surfaced Wednesday showing Sarah Palin being blessed
in her hometown church three years ago by a Kenyan pastor who prayed for
her protection from "witchcraft" as she prepared to seek higher office."
... "The video shows Palin standing before Bishop Thomas Muthee in the
pulpit of the Wasilla Assembly of God church, holding her hands open as
he asked Jesus Christ to keep her safe from "every form of witchcraft.""
... "Pentecostals are conservative in their reading of the Bible. Unlike
most other Christians — including most evangelicals — Pentecostals believe
in "baptism in the Holy Spirit." That can manifest itself through speaking
in tongues, modern-day prophesy and faith healing, which includes the laying
on of hands." ... "The [Reverend] Rev. Zipporah Ndiritu, who studied under
Muthee in the Kiambu, Kenya-based Word of Faith Church, said the bishop
is revered among evangelicals there. In a phone interview from Mombasa,
Kenya, she said church doctrine focuses on ridding the world of demons
— and witches." -By Garance Burke
-AP via -Google
WATCH:
Republican Palin's church's speaker Reverend Muthee lays hands on Sarah
Palin to pray she be kept safe from "every form of witchcraft."
Search: <Palin witch> in <Google>
<YouTube>
-
John
McCain - Financial
-
Disaster
- Politics
-
Government
-
Massachusetts
-
Arizona
-
2008
Election
"Democrats
claim Wall St. bailout breakthrough." ... "Democratic
[Massachusetts Representative] Rep. Barney Frank said on Wednesday Democrats
had reached an agreement to stem one of the worst U.S. financial disasters
in decades, and that there would be enough votes to pass the measure and
send it to [Republican] President George W. Bush to sign into law." ...
"Frank took a dig at [2008 Election] Republican presidential nominee John
McCain, who interrupted his campaign to return to Washington on Thursday
to help work on a Wall Street bailout." ... ""All of sudden, now that we
are on the verge of making a deal, John McCain here drops himself in to
help us make a deal, Frank said." ... "He expressed fear that McCain, a
U.S. [United States] senator from Arizona who has spent much of the year
away from the Capitol campaigning, could end up slowing down work on the
bill." ... "The Massachusetts Democrat noted that a meeting on Capitol
Hill on Thursday will be interrupted for a "photo op" at the White House
with congressional Democrats and Republicans as well as Bush." ... ""We're
trying to rescue the economy, not the McCain campaign," Frank said." ...
"Democrats blamed the crisis largely on the failure of Bush to adequately
regulate the financial industry." (1, 2,
3)
-By Richard Cowan and Thomas Ferraro with contributions
by Doina Chiacu -Reuters
-
John
McCain -
Rick
Davis - Corporate
-
Politics
-
Federal
-
Housing
-
Va
- Law
-
2008
Election
"Unsevered
Ties? Regulatory filings indicate that [2008 Election
Republican Presidential Candidate John] McCain campaign chief Rick Davis
remains an officer with his lobbying firm." ... "Rick Davis, John McCain's
campaign manager, has remained the treasurer and a corporate director of
his lobbying firm this year, despite repeated statements by campaign officials
that he had ended his relationship with the firm in 2006, according to
corporate records." ... "The McCain campaign this week criticized news
stories disclosing that, since 2006, Davis's firm has been paid a $15,000-a-month
consulting fee from Freddie Mac, the troubled [housing] mortgage giant
recently put under federal conservatorship. The stories, published Tuesday
by
NEWSWEEK, The New York Times and Roll Call, reported that the consulting
fees continued until last month even though, according to two sources familiar
with the arrangement, neither Davis nor anybody else at his firm did any
substantial work for the payments." ... "Filings made by "Davis Manafort
Partners" with the Virginia Corporation Commission as recently as April
1, 2008, show that Davis was still listed as one of only two corporate
officers and directors of the firm, according to records on the
commission’s Web site [PDF] reviewed by NEWSWEEK. That filing records
Davis as the "treas/clerk" of the firm; his business partner, Paul Manafort
is listed as the president and chief executive officer." ... "Another filing
by “Davis Manafort, Inc.” [PDF] (with the same Alexandria, Va. [Virginia]
address, and recorded on Oct. 17, 2007) also lists Davis as an officer
and director of the firm, reporting his position as "T/Clerk," a reference
to his formal title as corporate treasurer and clerk." ... "Both filings
are annual reports of basic corporate information that are required by
Virginia state law." -By Michael Isikoff
-Newsweek
-
Sarah
Palin -
John
McCain - Financial
-
Crisis
- Politics
-
Government
- Law
-
Alaska
-
2008
Election
"Palin:
US could face another Great Depression." ... "[2008
Election] Republican vice presidential candidate Sarah Palin said Wednesday
that the United States could be headed for another Great Depression if
Congress doesn't act on the financial crisis." ... "Asked whether there's
a risk of another Great Depression if Congress doesn't approve a $700 billion
bailout package, Palin said, "Unfortunately, that is the road that America
may find itself on."" ... "Couric pressed Palin on examples of how McCain,
a 26-year congressional veteran, had led the charge for more oversight."
... "The Alaska governor cited [2008 Election Republican Presidential Candidate
John] McCain's warnings about Fannie Mae and Freddie Mac two years ago
as well as image as a maverick. Questioned again for examples, and reminded
that McCain had been chairman of the Commerce Committee, Palin said, "I'll
try to find you some and I'll bring them to you."" ... "McCain has insisted
Palin is ready to take over as president, but he made no mention of including
her in the meetings he wants in Washington to deal with the financial crisis."
-By Sara Kugler -AP
via -Yahoo
-
Barack
Obama -
Christian
- University
-
Oregon
-
Race
-
2008
Election
"Effigy
of Obama found hanging from tree at George Fox University."
... "Officials at George Fox University say a life-size effigy of [2008
Election] Democratic presidential candidate Barack Obama was found hanging
from a tree at the Christian school's Newberg [Oregon] campus."
-KATU.com
-
John
McCain -
- Politics
-
Money
-
2008
Election
"EXCLUSIVE:
John McCain Uses Idol Makeup Artist!" ...
"The 72-year-old [2008 Election Republican Presidential Candidate John
McCain] was recently made TV-ready by makeup artist Tifanie White who's
worked on So You Think You Can Dance and American Idol."
... "McCain paid the 2002 beauty-school grad $5,583.43 for her services,
according to the Federal Election Commission."
-UsMagazine.com
_2008
News News Reference September
2008 News
September 23, 2008 News URL: #September-23-2008-News
20080923
Tuesday
-
John
McCain -
Rick
Davis - Corporate
-
Politics
-
Federal
-
Housing
-
Wisconsin
-
2008
Election
"McCain
Transition Head Lobbied for Freddie Mac Before Takeover."
... "The lobbying firm of the man Republicans say [2008 Election Republican
Presidential Candidate] John McCain has chosen to begin planning a presidential
transition earned more than a quarter of a million dollars this year representing
Freddie
Mac, one of the companies McCain blames for the nation's financial
crisis." ... "Timmons & Co., whose founder and chairman emeritus is
William Timmons Sr., was registered to lobby for Freddie Mac from 2000
through this month, when the federal government took over both Freddie
Mac and Fannie
Mae." ... "Newly available congressional records show Timmons's
firm received $260,000 this year before its lobbying activities were barred
under terms of the government rescue of the failed [housing] mortgage giant.
Timmons, 77, is listed as a lobbyist for Freddie Mac on the company's midyear
financial-disclosure form." ... "McCain has labeled Freddie Mac and Fannie
Mae as prime culprits in creating the financial storm that has roiled Wall
Street and Washington." ... "``At the center of the problem were the lobbyists,
politicians, and bureaucrats who succeeded in persuading Congress and the
administration to ignore the festering problems at Fannie Mae and Freddie
Mac,'' he said last week in Green Bay, Wisconsin." ... "``Using money and
influence, they prevented reforms that would have curbed their power and
limited their ability to damage our economy,'' he said. ``And now, as ever,
the American taxpayers are left to pay the price for Washington's failure.''"
... "The McCain camp was also dealing with reports about the lobbying work
of campaign manager Rick Davis." ... "The New York Times reported yesterday
that Davis was paid almost $2 million in fees over five years by a group
primarily funded by Freddie Mac and Fannie Mae that was intended to help
stave off more stringent federal regulation of the housing companies. "
-By Jonathan D. Salant and Timothy J. Burger
-Bloomberg
-
Henry
Paulson
- Financial
-
Crisis
- Politics
-
Legislation
"Bad
News For The Bailout: The [Republican President Bush
Treasury Secretary Henry] Paulson Plan." ... "At a Senate Banking Committee
hearing Tuesday, lawmakers on both sides of the aisle complained of being
rushed to pass legislation or else risk financial meltdown." ... "In fact,
some of the most basic details, including the $700 billion figure Treasury
would use to buy up bad debt, are fuzzy." ... ""It's not based on any particular
data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted
to choose a really large number."" -By Brian Wingfield
and Josh Zumbrun with contributions by Liz Moyer
-Forbes
-
John
McCain -
Sarah
Palin -
Media
- Politics
-
Commentary
-
Alaska
-
2008
Election
"Campbell
Brown Rips McCain Camp's "Sexist" Treatment Of Palin."
... "A prominent female news anchor chastised the [2008 Election Republican
Presidential Candidate John] McCain campaign Tuesday evening for engaging
in sexism and insulting behavior in its attempt to shield [2008 Election
Republican Vice Presidential Candidate and Alaska Governor] Gov. Sarah
Palin from members of the press." ... "In a fiery commentary, Campbell
Brown laid into John McCain for casting a "chauvinistic chain" that ran
over his running mate. Punctuated by a call to "Free Sarah Palin," the
CNN anchor highlighted the attempt Tuesday by the McCain campaign to ban
editorial reporters from covering Palin's visit with world leaders
at the UN, as yet another gender-demeaning move in a campaign highlighted
by sexist behavior." ... ""[Campbell Brown:] "Tonight I call on
the McCain campaign to stop treating Sarah Palin like she is a delicate
flower that will wilt at any moment," said Brown. "This woman is from Alaska
for crying out loud. She is strong. She is tough. She is confident. And
you claim she is ready to be one heart beat away form the presidency. If
that is the case, then end this chauvinistic treatment of her now. Allow
her to show her stuff. Allow her to face down those pesky reporters...
Let her have a real news conference with real questions. By treating Sarah
Palin different from the other candidates in this race, you are not showing
her the respect she deserves. Free Sarah Palin. Free her from the chauvinistic
chain you are binding her with. Sexism in this campaign must come to an
end. Sarah Palin has just as much a right to be a real candidate in this
race as the men do. So let her act like one."" -By
Sam
Stein -HuffingtonPost.com
WATCH:
Female news anchor tell Republican McCain camp to end its "sexist" treatment
of Republican Sarah Palin and "Free Sarah Palin"
-
Dick
Cheney -
Henry
Paulson
- Corporate
-
Government
- Lawmakers
-
Politics
"White
House Dispatches Team to Push Economic Bill." ...
"The White House today is drumming up extraordinary pressure on Congress
to approve its plan to enact a $700 billion mortgage bailout fund, suggesting
the markets cannot wait much longer and dispatching Vice President Cheney
and other top officials up Pennsylvania Avenue to jawbone lawmakers." ...
"Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke,
who collaborated in drawing up the proposal, are testifying this morning
on Capitol Hill in an effort to defend their handiwork." ... "[Republican
President Bush's Deputy Press Secretary Tony] Fratto insisted that the
plan was not slapped together and had been drawn up as a contingency over
previous months and weeks by administration officials. He acknowledged
lawmakers were getting only days to peruse it, but he said this should
be enough." -By Keith Koffler
-RollCall.com
-
Secret
- Afghanistan
-
US
-
Military
-
2008
Election - Terrorism
-
Politics
-
Dutch
-
Canadian
"'Grim'
Afghanistan Report To Be Kept Secret by US." ...
"US intelligence analysts are putting the final touches on a secret National
Intelligence Estimate (NIE) on Afghanistan that reportedly describes the
situation as "grim", but there are "no plans to declassify" any of it before
the [2008] election, according to one US official familiar with the process."
... "According to people who have been briefed, the NIE will paint a "grim"
picture of the situation in Afghanistan, seven years after the US invaded
in an effort to dismantle the al Qaeda network and its Taliban protectors."
... "Seth Jones, an expert on Afghanistan at the Rand Corporation think
tank, called the situation in Afghanistan "dire."" ... ""We are now at
a tipping point, with about half of the country now penetrated by a range
of Sunni militant groups including the Taliban and al Queida," Jones said.
Jones said there is growing concern that Dutch and Canadian forces in Afghanistan
would "call it quits."" ... ""The US military would then need six, eight,
maybe ten brigades but we just don't have that many," Jones said." ...
"Last week, Admiral Michael Mullen, the chairman of the Joint Chiefs of
Staff, told Congress "we're running out of time" in Afghanistan. "I'm not
convinced we're winning it in Afghanistan," Adm. Mullen testified." ...
"Perhaps foreshadowing the NIE assessment on Afghanistan, Adm. Mullen told
Congress, "absent a broader international and interagency approach to the
problems there, it is my professional opinion that no amount of troops
in no amount of time can ever achieve all the objectives we seek in Afghanistan.""
(1, 2)
-By Brian Ross -ABCNEWS.com
- US
-
Iraq
-
Investigators
-
Reconstruction
-
Accounting
- Politics
"$13
Billion in Iraq Aid Wasted Or Stolen, Ex-Investigator Says."
... "A former Iraqi official estimated yesterday that more than $13 billion
meant for reconstruction projects in Iraq was wasted or stolen through
elaborate fraud schemes." ... "Salam Adhoob, a former chief investigator
for Iraq's Commission on Public Integrity, told the Senate Democratic Policy
Committee, an arm of the Democratic caucus, that an Iraqi auditing bureau
"could not properly account for" the money." ... "While many of the projects
audited "were not needed -- and many were never built," he said, "this
very real fact remains: Billions of American dollars that paid for these
projects are now gone."" ... "He said a report that went to Iraqi Prime
Minister Nouri al-Maliki and other top Iraqi officials was never published
because "nobody cares" about investigating such cases. Many investigators,
he said, feared for their safety because 32 of his co-workers have been
murdered. " -By Dana Hedgpeth with contributions by
Julie Tate -WashingtonPost
-
Henry
Paulson
- Corporate
-
Government
- Legislative
-
Politics
"Good
ideas and lies." ... "So, this morning [Republican
President Bush's Treasury Secretary] Hank Paulson told
a whopper:"
[Hank Paulson:] "We gave you a simple, three-page legislative outline and I thought it would have been presumptuous for us on that outline to come up with an oversight mechanism. That’s the role of Congress, that’s something we’re going to work on together. So if any of you felt that I didn’t believe that we needed oversight: I believe we need oversight. We need oversight.""What the proposal actually did, of course, was explicitly rule out any oversight, plus grant immunity from future review:"
"Sec. 8. Review.""I’m not playing gotcha here. This is telling: if Paulson can’t be honest about what he himself sent to Congress — if he not only made an incredible power grab, but is now engaged in black-is-white claims that he didn’t — there is no reason to trust him on anything related to his bailout plan." -By Paul Krugman/Blog -NYTimes"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
-
Housing
-
Consumer
- People
-
Working
-
Families
"Millions
spend half of income on housing." ... "[Al] Ray is
one of more than 7.5 million people — almost 15 percent of American homeowners
with a mortgage — who are spending half of their income or more on housing
costs, according to 2007 data released Tuesday by the U.S. Census Bureau.
That is up from nearly 7.1 million the year before." ... "Traditionally,
the government and most lenders consider a homeowner spending 30 percent
or more of their income on housing costs to be financially burdened. But
that definition now covers almost 38 percent of American homeowners with
a mortgage — 19 million of them." ... "Though home prices have fallen this
year, in the most expensive markets where home prices tripled during the
boom, many working families still cannot afford to buy a home." ... "More
than 4 million homeowners were at least one month behind on their loans
at the end of June, and almost 500,000 had started the foreclosure process,
according to the Mortgage Bankers Association." -By
Adrian Sainz and Alan Zibel with contributions by Allen Chen
-AP via -Yahoo
_2008
News News Reference September
2008 News
September 22, 2008 News URL: #September-22-2008-News
20080922
Monday
-
John
McCain -
Sarah
Palin - Politics
-
Arizona
-
2008
Election
"The
Media Blackout: Nearly 40 Days and Counting." ...
"As of this writing, it has been 39 days and 22 hours since [2008 Election
Republican Presidential Candidate and Arizona Senator] Sen. John McCain
last held a news conference (despite having promised to hold weekly Q&A
sessions with the press if he's elected). According to the Democrats, it's
been 24 days and 11 hours since his running mate, [2008 Election Republican
Vice Presidential Candidate] Sarah Palin, held one." -By
Michael D. Shear -WashingtonPost
_2008
News News Reference September
2008 News
September 21, 2008 News URL: #September-21-2008-News
20080921
Sunday
-
John
McCain - Corporate
-
Government
-
Disaster
- Politics
-
US_Debt
- Healthcare
-
Social
Security -
Rights
- Book
-
2008
Election
"Naomi
Klein: Financial crisis part of Bush 'shock doctrine'."
... "The bailout of Wall Street’s largest players by the federal government
is another example of the [Republican President] Bush administration pursuing
a corporate agenda at the expense of average Americans, a prominent author
argued on Friday." ... "In a Friday night interview on HBO's Real Time
with Bill Maher, Naomi Klein said President Bush’s $700
billion proposal to rescue the financial sector stems from a profiteering
streak that has dominated the last eight years." ... ""The disaster is
far from over," Klein said. "The disaster was on Wall Street and they have
moved the disaster to Main Street."" ... "Referring to the bailout, Klein
said the "bomb has yet to detonate" and that the real crisis will strike
when tax payers are overwhelmed when faced with the debt from the bailouts."
... "According to Klein, the bomb will detonate if
Sen. John McCain becomes president and "rationalizes" that it is necessary
to privatize government programs like social security and healthcare because
neither the government nor Americans can afford them." ... ""The real disaster
has yet to come; the real disaster is the debt that is going to explode
on American tax payers," Klein said." ... "Klein’s book, "The Shock Doctrine:
The Rise of Disaster Capitalism," outlines how crises, real or perceived,
have been used by governments, especially the United States under George
W. Bush, to strong-arm
a disoriented citizenry into accepting changes to its rights, and its
government, that it wouldn't otherwise accept." -By
David Edwards and Andrew McLemore -RawStory.com
WATCH:
Naomi Klein on Republican Bush's "Shock Doctrine"
-
Henry
Paulson
-
Government
- Politics
-
US
-
Foreign
"Foreign
Banks Can Unload Bad Debt Too: Paulson." ... "[Republican
President Bush's] Treasury Secretary Henry Paulson said Sunday that foreign
banks will be able to unload bad financial assets under a $700 billion
U.S. proposal aimed at restoring order during a devastating financial crisis."
... ""Yes, and they should. Because ... if a financial institution has
business operations in the United States, hires people in the United States,
if they are clogged with illiquid assets, they have the same impact on
the American people as any other institution," Paulson said on ABC TV."
-CNBC
-
John
McCain -
Barack
Obama - Health-Care
-
Economy
-
Parents
-
Social
Security -
Journal
-
Fla
-
2008
Election
"McCain
Health-Care Article Fuels New Clash Over Economy."
... "An article [by McCain] about health care published in an obscure journal
led to a new skirmish Saturday between the campaigns of [2008 Election
Presidential Candidates] Democrat Barack Obama and Republican John McCain
over who should be trusted with the ailing economy." ... "The article was
published in Contingencies magazine, which is produced under the auspices
of the American Academy of Actuaries. In it, McCain touted his plans for
increasing competition in health care as one way to expand coverage and
reduce costs." ... "McCain wrote, "Opening up the health insurance market
to more vigorous nationwide competition, as we have done over the last
decade in banking, would provide more choices of innovative products less
burdened by the worst excesses of state-based regulation."" ... "Obama,
appearing at Bethune-Cookman University in Daytona Beach, Fla. [Florida],
mocked his rival for sounding out of touch at a time when Washington is
moving rapidly to re-regulate the financial industry to curb the excesses
that put the system into near-paralysis in the past week." ... ""So let
me get this straight -- he wants to run health care like they've been running
Wall Street," Obama told the audience. "Well, Senator, I know some folks
on Main Street who aren't going to think that's such a good idea."" ...
"With millions of Americans worrying about their retirement security as
federal officials rushed to stabilize the shaky financial system, Obama
also seized on McCain's support for partial privatization of Social Security.
He said McCain was prepared to gamble with people's life savings." ...
""If my opponent had his way, the millions of Floridians who rely on it
would've had their Social Security tied up in the stock market this week,"
he said. "Millions would've watched as the market tumbled and their nest
egg disappeared before their eyes. Millions of families would've been scrambling
to figure out how to give their mothers and fathers, their grandmothers
and grandfathers, the secure retirement that every American deserves.""
(1, 2)
-By Dan Balz -WashingtonPost
-
Sarah
Palin -
McCain
-
Investigation
- Politics
-
Law
-
Alaska
-
Virginia
-
New
York
-
2008
Election
"Alaskans
angered that Palin is off-limits: Queries are directed
through the [2008 Election Republican Presidential Candidate John] McCain
campaign machine. Her political capital at home is eroding." ... "Jerry
McCutcheon went to [2008 Election Republican Vice Presidential Candidate]
Sarah Palin's office here last week to request information about the firing
of former Public Safety Commissioner Walt Monegan, the scandal that for
weeks has threatened to overshadow the governor's role as Republican presidential
candidate John McCain's running mate." ... "McCutcheon was given a phone
number in Virginia to call: the national headquarters of the McCain-Palin
campaign." ... "Why, he wanted to know, did he have to call a campaign
office 4,300 miles away to find out what was going on in Alaska government?"
... ""Why did the McCain campaign take over the governor's office?" the
Anchorage Daily News demanded in an editorial Saturday. "Is it too much
to ask that Alaska's governor speak for herself, directly to Alaskans,
about her actions as Alaska's governor?"" ... "The biggest controversy
came Tuesday, when the McCain-Palin campaign called a news conference to
dispute the claim that Monegan was dismissed for refusing to fire the trooper."
... "Edward O'Callaghan, who until recently was co-chief of the terrorism
and national security unit of the U.S. [United States] attorney's office
in New York, and a former Palin spokeswoman now working for the national
campaign, accused Monegan of a "rogue mentality" and "outright insubordination."
They said he had flown to Washington, D.C., without Palin's approval to
lobby for more police funding." ... "Democratic leaders, incensed that
outsiders were attacking a respected former state official, produced a
travel document Friday showing that in fact Monegan had a signed authorization
from the governor's chief of staff before making what the Palin camp had
called an "unauthorized" lobbying trip." ... ""I don't know why they're
trying to paint this [legislative investigation] as a Democratic partisan
attack," said state Sen. Wielechowski. "The thing I constantly remind people
of is: Democrats didn't push this. You know who pushed it? It was the Republicans.
This is the thing people conveniently forget now. There were no Democrats
out there screaming for an investigation."" (1, 2)
-By Kim Murphy -LAtimes
-
Sarah
Palin -
Crime
-
Women
- Medical
-
DNA
- Law
-
Politics
-
Alaska
-
2008
Election
"Palin's
town charged women for rape exams." ... "[2008 Election
Republican Vice Presidential Candidate and Governor of] Alaska Gov. Sarah
Palin's hometown required women to pay for their own rape examinations
while she was mayor, a practice her police chief fought to keep as late
as 2000." ... "Former state [Alaska State Democratic Representative] Rep.
Eric Croft, a Democrat, sponsored a state law requiring cities to provide
the examinations free of charge to victims. He said the only ongoing resistance
he met was from Wasilla [Alaska], where Palin was mayor from 1996 to 2002."
... ""It was one of those things everyone could agree on except Wasilla,"
Croft told CNN. "We couldn't convince the chief of police to stop charging
them."" ... "Alaska's Legislature in 2000 banned the practice of charging
women for rape exam kits -- which experts said could cost up to $1,000."
... "For years, Alaska has had the worst record of any state in rape and
in murder of women by men. The rape rate in Alaska is 2.5 times the national
average." ... "The bill, HB270, was before the legislature for six months.
In testimony, one expert called the practice of billing the victim "incomprehensible."
Others compared it to "dust[ing] for fingerprints" after a burglary, only
"the victim's body is the crime scene."" ... "During a rape exam, the victim
removes her clothing and a medical professional gathers DNA evidence from
her body. There is also a medical component to assess her injuries." ...
"[Tara] Henry, the forensic nurse, said charging victims "retraumatizes
them."" ... ""Asking them to pay for something law enforcement needs in
order to investigate their case, it's almost like blaming them for getting
sexually assaulted," she said." -By Jessica Yellin
-CNN
_2008
News News Reference September
2008 News
September 20, 2008 News URL: #September-20-2008-News
20080920
Saturday
-
John
McCain -
-
2008
Election
"Anchorage
Paper: McCain Confuses National Guard and Army Troops."
... "" -EditorAndPublisher.com
-
John
McCain -
Cindy
McCain -
Barack
Obama - Auto
-
Workers
-
Homes
-
Michigan
-
2008
Election
"All
the Candidates’ Cars." ... "When you have seven homes
[McCain], that's a lot of garages to fill. " ... "And based on public vehicle-registration
records, here's the score. John and Cindy McCain: 13. Barack and Michelle
Obama: one." ... "One vehicle in the McCain fleet has caused a small flap.
United Auto Workers president Ron Gettelfinger, an Obama backer, accused
McCain this month of "flip-flopping" on who bought daughter Meghan's foreign-made
Toyota Prius. McCain said last year that he bought it, but then told a
Detroit [Michigan] TV station on [September] Sept. 7 that Meghan "bought
it, I believe, herself." (The McCain campaign did not respond to multiple
requests for comment.)" ... "Obama's lone vehicle also is a green machine,
a 2008 Ford Escape hybrid." -By Keith Naughton and
Hilary Shenfeld -Newsweek
_2008
News News Reference September
2008 News
September 19, 2008 News URL: #September-19-2008-News
20080919
Friday
-
Political
-
Science
-
Psychology
-
DNA
- Nature
-
Nurture
-
Nebraska
"Are
you a born conservative (or liberal)? A new study
suggests that your political attitudes are wired in from the beginning."
... "It's literally in their DNA." ... "People with strongly conservative
views were three times more fearful than staunch liberals after the effects
of gender, age, income and education were factored out." ... "Kevin B.
Smith, a political science professor at the University of Nebraska-Lincoln
and a study author, said conservatives were more vigilant to environmental
threats, and he speculated that this innate tendency led them to support
policies that protect the social order." ... "Fowler said the study added
to the growing research suggesting that over millions of years, humans
have developed two cognitive styles -- conservative and liberal. Cautious
conservatives prevented societies from taking undue risks, while more flexible
liberals fostered cooperation." ... ""For the species to survive, you need
both," he said." ... "But Jon Krosnick, a political science professor at
Stanford University, said it was impossible to draw any conclusions from
a study with so few people, all from a small Midwestern town." ... "The
study is the latest to challenge the long-standing dogma that upbringing
and environmental factors determine political attitudes." -By
Denise Gellene -LAtimes
-
Henry
Paulson
- Corporate
-
Government
- Illegal
-
Accounting
- Politics
-
History
-
US
-
Global
"Can
you trust a Wall Street veteran with a Wall Street bailout?"
... "Making the rounds on the Sunday morning talk shows, [Republican President
Bush's] Treasury Secretary Henry Paulson repeatedly said today's financial
problems were long in the making. He should know. He was part of the Gold
Rush that has brought the global financial system to the brink of collapse."
... "Paulson presided over one of the most profitable runs on Wall Street
as chairman and chief executive officer of investment banking titan Goldman
Sachs & Co. from 1999 until [Republican] President Bush nominated him
on May 30, 2006 to take over the Treasury Department." ... "But with Paulson
now seeking virtually unfettered authority to administer the largest bailout
of the financial industry in U.S. [United States] history, many are wondering
whether Paulson also doesn't come with enormous potential conflicts of
interest." ... "Paulson has surrounded himself with former Goldman executives
as he tries to navigate the domino-like collapse of several parts of the
global financial market. And others have gone off to lead companies that
could be among those that receive a bailout." ... "The administration's
draft law also would preclude court review of steps Paulson might take,
something Joshua Rosner, managing director of economic researcher Graham
Fisher & Co. in New York, said could be used to mask previous illegal
activity." ... "The Treasury proposal sent to Congress also offers no process
to hire asset managers in an open and competitive process. That's particularly
questionable given that Wall Street players are now hiring Wall Street
players, Rosner said." ... ""This seems to invite a risk of collusion between
sellers and buyers to the detriment of the taxpayer," he wrote." ... "At
a minimum, there's irony in Paulson being in charge of so large a bailout."
... "In the last annual report at Goldman that Paulson signed off on in
November 2005, a year in which he received $38 million in compensation,
investors were clearly told that the federal government wouldn't be there
to save them from bad investments." ... "In 2002, Paulson received $12.1
million in compensation, including a $6.3 million bonus — an improvement
over the previous three years when Wall Street accounting scandals unsettled
investment banks, including a $1.5 billion settlement Goldman and other
banks paid for issuing overly bullish research reports that promoted deals
the banks themselves were involved in." ... "Published reports said Paulson
received $30 million in compensation and salary in 2003." -By
Kevin
G. Hall -McClatchyDC.com
-
Henry
Paulson
-
Government
- Money
-
Politics
-
Law
-
American
International Group -
Calif
"Bush
Asking For $700 Billion Bailout." ... "Struggling
to stave off financial catastrophe, the [Republican President] Bush administration
on Friday laid out a radical bailout plan with a jawdropping price tag
_ a takeover of a half-trillion dollars or more in worthless mortgages
and other bad debt held by tottering institutions." ... "Congressional
officials said they expected a request for legal authority to buy up the
bad loans, at a cost in excess of $500 billion to the government." ...
"The federal government already has pledged more than $600 billion [Reuters
reports: $900 billion] in the past year to bail out, or help bail out,
some of the biggest names in American finance. That includes the rescue
of investment bank Bear Stearns in March, the takeover of mortgage giants
Fannie Mae and Freddie Mac earlier this month and the takeover of the world's
largest insurance company, American International Group, just this week."
... "In a session with House Democrats, they described a plan where the
government would in essence set up reverse auctions, putting up money for
a class of distressed assets _ such as loans that are delinquent but not
in default _ and financial institutions would compete for how little they
would accept for the investments, said [California Democratic Representative]
Rep. Brad Sherman, D-Calif. [Democratic-California], who participated in
the call." ... ""You give them good cash; they give you the worst of the
worst," Sherman said of the plan, which he complained that Bush and his
economic advisers were trying to panic lawmakers into rubber-stamping."
... "[Republican President Bush's Treasury Secretary Henry] Paulson rejected
Democrats' calls to include tighter regulations, corporate reforms or limits
on executive compensation as part of the measure, Sherman said. "He's doing
his best to paint a picture of the sky falling, and then he says, because
the sky's falling, you have to do it my way."" -By
Tom Raum and Jeannine Aversa with contributions by Julie Hirschfeld Davis,
Martin Crutsinger, Andrew Taylor, Marcy Gordon, David Espo, Jim Abrams,
and Joe Bel Bruno -AP
via -HuffingtonPost.com
-
John
McCain - Banking
-
Health
-
Politics
-
Government
- Law
-
2008
Election
"McCain
on banking and health." ... "Here’s what [2008 Election
Republican Presidential Candidate and John] McCain has to say about the
wonders of market-based health reform:"
"[McCain:] "Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.""
-
Sarah
Palin -
Chuck
Hagel -
John
McCain -
Nebraska
-
Alaska
- US-
International
- Russia
-
2008
Election
"[Republican
Senator] Sen. Hagel doubts Palin's ready." ... "[Nebraska
Republican Senator] Sen. Chuck Hagel of Nebraska is the nation's most prominent
Republican officeholder to publicly question whether Sarah Palin has the
experience to serve as president." ... ""She doesn't have any foreign policy
credentials," Hagel said Wednesday in an interview. "You get a passport
for the first time in your life last year? I mean, I don't know what you
can say. You can't say anything."" ... "Palin was elected governor of Alaska
in 2006 and before that was the mayor of a small town." ... "The McCain
campaign has cited the proximity of Alaska to Russia as evidence of her
international experience." ... "Hagel scoffed at that notion." ... ""I
think they ought to be just honest about it and stop the nonsense about,
'I look out my window and I see Russia and so therefore I know something
about Russia,'" he said. "That kind of thing is insulting to the American
people."" ... ""I think it's a stretch to, in any way, to say that she's
got the experience to be president of the United States," Hagel said."
-By Joseph Morton -World-Herald
_2008
News News Reference September
2008 News
September 17, 2008 News URL: #September-17-2008-News
20080917
Wednesday
-
Finance
-
American
International Group
"S&P
says pressure building on U.S. "AAA" rating." ...
"Pressure is building on the pristine "AAA" rating of the United States
after a federal bailout of American International Group Inc, the chairman
of Standard & Poor's sovereign ratings committee said on Wednesday."
... "The $85 billion bailout of AIG on Tuesday by the U.S. Federal Reserve
"has weakened the fiscal profile of the United States," S&P's John
Chambers told Reuters in an interview." (1, 2,
3)
-By Walden Siew with contributions by Jan Paschal
and Chizu Nomiyama -Reuters
-
American
International Group -
Government
- Politics
-
Housing
"Tab
for Government Rescues Rises to $900 Billion." ...
"The U.S. [United States] Federal Reserve stepped in to rescue insurance
giant American International Group from bankruptcy with an $85 billion
loan on Tuesday, the latest in a series of bailouts and loans for the financial
and housing sectors." ... "The action brings the total tab for government
rescues and special loan facilities this year to more than $900 billion."
-Reuters via -CNBC
_2008
News News Reference September
2008 News
September 16, 2008 News URL: #September-16-2008-News
20080916
Tuesday
- Money
-
Politics
-
Jobs
-
Federal
- History
"Democrats
are better for the economy than Republicans." ...
"The figures below are all from the annual Economic
Report of the President, and the analysis is primitive. Nevertheless,
what these numbers show almost beyond doubt is that Democrats are better
at virtually every economic task that is important to Republicans." ...
"This exercise implicitly assumes that lower taxes are always good and
higher government spending is always bad. " ... "The only point is that
if you find the Republican mantra of lower taxes and smaller government
appealing, and if you care only about how fast the economy is growing,
not how that growth is shared, you should vote Democratic." ... "On average,
in years when the president is a Democrat, the economy grows faster; inflation
is lower; fewer people can't find a job; the federal government spends
a smaller share of GDP, whether or not you include defense spending; and
the deficit is lower (or—sweet [Democratic President] Clinton-years memory—the
surplus is higher)." -By Michael Kinsley
-Slate
-
Money
-
Politics
-
Calif
"Federal
bank insurance fund dwindling." ... "Banks are not
the only ones struggling in the growing financial crisis. The fund established
to insure their deposits is also feeling the pinch, and the taxpayer may
be the lender of last resort." ... "The Federal Deposit Insurance Corp.,
whose insurance fund has slipped below the minimum target level set by
Congress, could be forced to tap tax dollars through a Treasury Department
loan if Washington Mutual Inc., the nation's largest thrift, or another
struggling rival fails, economists and industry analysts said Tuesday."
... "Eleven federally insured banks and thrifts have failed this year,
including Pasadena, Calif. [California]-based IndyMac Bank, by far the
largest shut down by regulators." ... "The [FDIC] fund, which is marking
its 75th anniversary this year with a "Face Your Finances" campaign, is
at $45.2 billion — the lowest level since 2003." ... "The failure of IndyMac
Bank in July cost $8.9 billion." ... "There were 117 banks and thrifts
considered to be in trouble in the second quarter, the highest level since
2003, according to FDIC data released last month." -By
Marcy Gordon with contributions by Christopher S. Rugaber
-AP via -Yahoo
-
Sarah
Palin -
Don
Young - Money
-
Politics
-
Federal
-
Transportation
-
Construction
-
Animals
- Environment
-
Alaska
-
2008
Election
"Palin
supports $600 million 'other' bridge project." ...
"[Alaska Republican Governor] Gov. Sarah Palin may eventually have said
"no thanks" to a federally funded Bridge to Nowhere [after supporting it
even after Congress had stopped it]." ... "But a bridge to her hometown
of Wasilla [Alaska], that's a different story." ... "A $600 million bridge
and highway project to link Alaska's largest city to Palin's town of 7,000
residents is moving full speed ahead, despite concerns the bridge could
worsen some commuting and threaten a population of beluga whales." ...
"Local officials already have spent $42 million on plans to route traffic
across the Knik Arm inlet, a narrow finger of water extending roughly 25
miles northeast of Anchorage toward Wasilla. The proposal exists thanks
to an earmark request by Republican [Alaska Representative] Rep. Don Young,
whose son-in-law has a small stake in property near the bridge's proposed
western span." ... ""This is basically an incredibly expensive project
that doesn't help commuters, doesn't help create jobs and may drive whales
to extinction," said Justin Massey, an attorney advising environmentalists
opposed to the proposal. "It is also a project that serves the area where
the governor is from, which is near and dear to her heart."" ... "Palin
still supports the second bridge, officially named Don Young's Way in honor
of the congressman." -By Garance Burke
-AP via -Yahoo
-
Sarah
Palin -
Criminal
- Money
-
Politics
-
Women
-
Children
- Law
-
Federal
-
Alaska
-
2008
Election
"Source:
Sex Assault Program Cited in Monegan Firing Targeted Child Abusers."
... "So [2008 Election Republican Presidential Candidate and Alaska Governor]
Sarah Palin's latest explanation
for why she fired Walt Monegan is that he had gone over her head in seeking
federal money for an initiative to combat sexual assault crimes, before
she had approved the program." ... "But it now appears that the program
in question is one that most elected officials would be wary of admitting
they hadn't strongly backed. According to Peggy Brown, who heads the Alaska
Network on Domestic Violence and Sexual Assault, Monegan wanted to use
the federal money to hire retired troopers and law enforcement officials,
and assign them to investigate the most egregious cases of sexual assault
-- including those against children." ... "In other words, if Palin's new
story is true, she fired Monegan for being too aggressive in going
after child molesters." ... "ABC News reported
yesterday that, although Alaska leads the nation in reported rapes
per capita, Palin hasn't made the issue a priority as governor." ... "Monegan,
however, appeared eager to change that. "He seemed to get the issue and
really took it seriously," Brown told TPMmuckraker." ... "According to
the Palin camp, too seriously." -By Zachary Roth
-TPMMuckracker
.TalkingPointsMemo
-
Noteworthy
-
Emergency
- Money
-
Politics
-
Legal
-
History
-
AIG
"U.S.
to Take Over AIG in $85 Billion Bailout; Central Banks Inject Cash as Credit
Dries Up: Emergency Loan Effectively Gives Government
Control of Insurer; Historic Move Would Cap 10 Days That Reshaped U.S.
[Unijted States] Finance." ... "[Under Republican President Bush] The U.S.
government seized control of American International Group Inc. -- one of
the world's biggest insurers -- in an $85 billion deal that signaled the
intensity of its concerns about the danger a collapse could pose to the
financial system." ... "The step marks a dramatic turnabout for the federal
government, which had been strongly resisting overtures from AIG for an
emergency loan or some intervention that would prevent the insurer from
falling into bankruptcy. Just last weekend, the government essentially
pulled the plug on Lehman Brothers Holdings Inc., allowing the big investment
bank to go under instead of giving it financial support. This time, the
government decided AIG truly was too big to fail." ... "Under terms hammered
out Tuesday night, the Fed will lend up to $85 billion to AIG, and the
U.S. government will effectively get a 79.9% equity stake in the insurer
in the form of warrants called equity participation notes. The two-year
loan will carry an interest rate of Libor plus 8.5 percentage points. (Libor,
the London interbank offered rate, is a common short-term lending benchmark.)"
... "The loan is secured by AIG's assets, including its profitable insurance
businesses, giving the Fed some protection even if markets continue to
sink. And if AIG rebounds, taxpayers could reap a big profit through the
government's equity stake." ... "It puts the government in control of a
private insurer -- a historic development, particularly considering that
AIG isn't directly regulated by the federal government. The Fed took the
highly unusual step using legal authority granted in the Federal Reserve
Act, which allows it to lend to nonbanks under "unusual and exigent" circumstances,
something it invoked when Bear Stearns Cos. was rescued in March." ...
"The U.S. on Sept. 6 took over mortgage-lending giants Fannie Mae and Freddie
Mac as they teetered near collapse." ... "In bailing out AIG, the Federal
Reserve appeared to be motivated in part by worries that Wall Street's
financial crisis could begin to spill over into seemingly safe investments
held by small investors, such as money-market funds that invest in AIG
debt." ... "Indeed, on Tuesday the $62 billion Primary Fund from the Reserve,
a New York money-market firm, said it "broke the buck" -- that is, its
net asset value fell below the $1-a-share level that funds like this must
maintain. Breaking the buck is an extremely rare occurrence. The fund was
pinched by investments in bonds issued by now collapsing Lehman Brothers."
... "Money-market funds are supposed to be among the safest investments
available. No fund in the $3.6 trillion money-market industry has lost
money since 1994, when Orange County, Calif., went bankrupt. A number of
money-market funds own securities issued by AIG. The firm is also a big
insurer of some money-market instruments." -By Matthew
Karnitschnig, Deborah Solomon, Liam Pleven and Jon E. Hilsenrath with contributions
by Diya Gullapalli, Serena Ng, Damian Paletta and Ashby Jones-WSJ.com
_2008
News News Reference September
2008 News
September 15, 2008 News URL: #September-15-2008-News
20080915
Monday
-
Federal
- Law
-
Politics
-
History
"Wall
Street crisis is culmination of 28 years of deregulation."
... "On Monday, one Wall Street bank, Lehman Brothers, filed for bankruptcy
protection and another, Merrill Lynch, sought comfort by selling itself
to Bank of America for $50 billion. Earlier this year, the government helped
enable the sale of faltering investment bank Bear Stearns to J.P. Morgan
Chase, and more recently took over mortgage giants Fannie Mae and Freddie
Mac." ... "Such troubles were supposed to have been prevented, or at least
mitigated, by regulatory systems that the nation began to put in place
after the banking system collapsed at the start of the Great Depression."
... "Many banks at the time were badly wounded by their personal and financial
ties to securities trading. The 1933 Glass-Steagall Act, and later the
1956 Bank Holding Company Act, mandated the separation of banks, insurance
companies and securities firms." ... "Those and many other federal laws
stabilized the banking and securities markets, but by the 1970s, a stumbling
U.S. [United States] economy led to a change in America's political-economic
values. [Republican President] Ronald Reagan led a movement that came to
power in 1980 proclaiming faith in free markets and mistrust of government.
That conservative philosophy has dominated America for the past 28 years."
... "Even after taxpayers had to rescue deregulated savings and loans,
or S&Ls, with a $200 billion bailout in the late 1980s, the push to
loosen regulation paused only briefly." ... "In 1999, [Democratic] President
Clinton signed the Financial Services Modernization Act, which tore down
Glass-Steagall's reforms by removing the walls separating banks, securities
firms and insurers." -By David
Lightman -McClatchyDC.com
-
Sarah
Palin -
John
McCain -
Investigation
- Politics
-
Alaska
-
2008
Election
"Fired
Official: Governor Sarah Palin Did Not Tell the Truth to ABC:
Walt Monegan Says He Was Called to [2008 Election Republican Vice Presidential
Candidate and Alaska Governor] Gov.'s Office Over a "Private Family Matter"."
... ""She's not telling the truth when she told ABC neither she nor her
husband pressured me to fire Trooper Wooten," said Walt Monegan, the Alaskan
official whose dismissal by Sarah Palin is the focus of a state investigation
known as "Troopergate". "And she's not telling the truth to the media about
her reasons for firing me."" ... "In a 20/20 interview, Palin told ABC's
Charles Gibson she dismissed Monegan for poor job performance and that
neither she nor her husband pressured Monegan to fire State Trooper Wooten.
"We never did. I never pressured him to hire or fire anybody," Palin said."
... "But Monegan told ABC News.com he was summoned to a meeting with Todd
Palin in December 2006, shortly after Sarah Palin became governor." ...
""I was called to her Anchorage formal Governor's office to talk with Todd
Palin about an issue that was a private family matter," recounted Monegan.
Todd became "upset," Monegan recalled, when told the allegations had already
been investigated and the case would not be re-opened." ... ""When Sarah
later called to tell me the same thing, I thought to myself, 'I may not
be long for this job.'" But, Monegan said, he stood by his position. "I
held the public trust. As Chief, I was responsible."" ... "Governor Palin
initially agreed to "cooperate fully" with the Alaska state legislative
investigation but since being chosen as [2008 Election Republican Presidential
Candidate] John McCain's running mate both she and her husband have refused
to testify voluntarily." (1, 2,
3)
-By Rhonda Schwartz and Justin Rood
-ABCNEWS.com
-
John
McCain -
Sarah
Palin -
Federal
- Money
-
Politics
-
Immigration
-
Religion
- US
-
Alaska
- Russia
-
Iraq
-
Military
-
2008
Election
"John
McCain's Journey From Maverick to Liar." ... "When
Jon Stewart asked [2008 Election Republican Presidential Candidate John]
McCain last year, "Are you going into crazy base world?" the celebrated
maverick acknowledged, "I'm afraid so."" ... "McCain flip-flopped on the
[Republican President] Bush tax cuts. He abandoned immigration reform.
He reached out to Jerry Falwell and other religious conservatives." ...
"It wasn't enough. And so, in a move that even one of his longtime advisers
conceded (in a remark captured by an open microphone) was disturbingly
"cynical," McCain gave the base [2008 Election Republican Vice Presidential
Candidate] Sarah Palin." ... "So far, the main "maverick" actions that
McCain has promised as the next Republican president are to trim nonmilitary
Democratic spending and continue the Iraq war. You can't get more conventional
than that." ... "And even that message has been somewhat undermined by
disclosures that Palin was a champion of those costly federal earmark projects
she has lobbied for in Alaska—where, you know, you can see Russia." ...
"At this point, McCain has taken the obvious way out—launching a series
of distracting attacks on [2008 Election Democratic Presidential Candidate]
Barack Obama, with slim regard for truth." ... "The ads have spurred a
backlash, the consequences
(or lack) of which may well decide the election." ... "For 18 months,
Obama has wagered all his chips on the (quaint? idealistic? brilliant?)
idea that the American people are tired of the same old sleazy and divisive
politics. McCain has now chosen to bet against him." ... "And we are the
cards." -By John Aloysius Farrell
-usnews.com
-
Psychological
- Science
-
People
-
2008
Election
"The
Power of Political Misinformation." ... "As the [2008
Election] presidential campaign heats up, intense efforts are underway
to debunk rumors and misinformation. Nearly all these efforts rest on the
assumption that good information is the antidote to misinformation." ...
"But a series of new experiments show that misinformation can exercise
a ghostly influence on people's minds after it has been debunked -- even
among people who recognize it as misinformation. In some cases, correcting
misinformation serves to increase the power of bad information." ... "A
variety of psychological experiments have shown that political misinformation
primarily works by feeding into people's preexisting views." ... "[Yale
University political scientist John] Bullock and others have also shown
that some refutations can strengthen misinformation, especially among conservatives."
... "In a paper approaching publication, Nyhan, a PhD student at Duke University,
and Reifler, at Georgia State University, suggest that Republicans might
be especially prone to the backfire effect because conservatives may have
more rigid views than liberals: Upon hearing a refutation, conservatives
might "argue back" against the refutation in their minds, thereby strengthening
their belief in the misinformation." -By Shankar Vedantam
-WashingtonPost
-
Barack
Obama -
John
McCain -
Sarah
Palin -
Disaster
- Politics
-
Workers
-
Colorado
-
Arizona
-
Alaska
-
2008
Election
"Obama
blames Wall St. crisis on Republican policy." ...
"[Obama on McCain:] "In 19 months he [2008 Election Republican Presidential
Candidate John McCain] has not named one thing he would do differently
from this [Republican President Bush] administration on the central issue
of this election," [2008 Election Democratic Presidential Candidate Barack]
Obama said of McCain. "Not one thing. And we know that if we go down that
path, that the next four years will look exactly like the last eight.""
... ""Can you afford to take a chance on someone who's voted against the
minimum wage 19 times," Obama asked a crowd of thousands under a blazing
sun at a rally in western Colorado at the start of a swing through contested
Western states. "When it was $4, he was against it, when it was $5 he was
against it, when it was $6 he was against it."" ... "Charging that McCain
was out of touch, Obama said, "He doesn't get what's happening between
the mountains in Sedona [Arizona] where he lives and the corridors of power
where he works. Why else would he say that we've made great progress economically
under George Bush. Why else would he say that the economy isn't something
he understands as well as he should." ... ""Why else would he say, today
of all days, just a few hours ago — think about this, we just woke up to
news of financial disaster — and this morning he said that the fundamentals
of the economy are still strong. Sen. McCain, what economy are you talking
about?"" ... "He also took a little poke at McCain's running mate, [Alaska
Republican Governor] Gov. Sarah Palin, raising the "Bridge to Nowhere"
in Alaska that she initially supported and later opposed. Saying that McCain
had put some lobbyists in key roles of his campaign, Obama said, "If you
think those lobbyists are working day and night for John McCain just to
put themselves out of business, well I've got a bridge to sell you up in
Alaska."" -By Terence Hunt
-AP via -Yahoo
-
Sarah
Palin -
John
McCain - Money
-
Politics
-
Travel
-
Family
-
Alaska
-
2008
Election
"Palin
Tax Mystery Enters Second Week: Itemizing The Questions."
... "When news broke last week that [2008 Election Republican Vice Presidential
Candidate and Governor of] Alaska Gov. Sarah Palin received more than $17,000
in state-issued per diems for evenings spent in her own home, several tax
experts and watchdogs asked whether [2008 Election Republican Presidential
Candidate] John McCain's running mate had ever declared and paid taxes
on that money as income. Including travel reimbursements for Palin's family
members, the Washington Post reported
that the total amount of potentially taxable income totals over $60,000
for Palin's first 18 months as governor." -By Seth
Colter Walls -HuffingtonPost.com
-
Sarah
Palin -
John
McCain - Money
-
Politics
-
Federal
-
Alaska
- Oil
-
2008
Election
"Palin's
Project List Totals $453 Million." ... "Last week,
[2008 Election] Republican presidential candidate [and Arizona Senator]
Sen. John McCain said his running mate, Alaska [Republican Governor] Gov.
Sarah Palin, hadn't sought earmarks or special-interest spending from Congress,
presenting her as a fiscal conservative. But state records show Gov. Palin
has asked U.S. [United States] taxpayers to fund $453 million in specific
Alaska projects over the past two years." ... "These projects include more
than $130 million in federal funds that would benefit Alaska's fishing
industry and an additional $9 million to help Alaska oil companies. She
also has sought $4.5 million to upgrade an airport on a Bering Sea island
that has a year-round population of less than 100." ... "During an appearance
Friday on ABC's "The View," Sen. McCain said Gov. Palin shared his views,
and hasn't sought congressional earmarks. "Not as governor she hasn't,"
he said." ... "In fact, in the current fiscal year, she is seeking $197
million for 31 projects, the records show. In the prior year, her first
year in office, she sought $256 million for dozens more projects ranging
from research on rockfish and harbor-seal genetics to rural sanitation
and obesity prevention." ... "The state's earmark requests stand out in
part because its state government is among the wealthiest in the U.S. Flush
with oil and gas royalties, it doesn't impose income or sales taxes. In
fact, money flows the other way: Every man, woman and child this year got
a check for $3,200." ... "The McCain campaign has also come under fire
for saying on the stump and in TV ads that Gov. Palin killed the controversial
"Bridge to Nowhere," a $223 million earmark linking the mainland to a sparsely
populated island. In fact, she supported the project initially and killed
it after it was widely criticized and Congress allowed the state to use
the funds for other projects." -By Laura Meckler and
John R. Wilke -WSJ.com
-
Sarah
Palin -
John
McCain -
Criminal
- Politics
-
Women
-
Children
-
Safety
- Law
-
Money
-
Religion
-
Alaska
-
2008
Election
"Critics
Question Palin's Record on "Epidemic" Rape, Domestic Violence in Alaska:
Effort to Tackle Sex Violence Stalled by [2008 Election Republican Vice
Presidential Candidate Sarah] Palin's Office, Sources Say." ... "Evangelicals
and social conservatives have embraced [2008 Election Republican Presidential
Candidate John] McCain's vice presidential pick for what they call her
"pro-family," "pro-woman" values. But in Alaska, critics say [Alaska Republican
Governor] Gov. Sarah Palin has not addressed the rampant sexual abuse,
rape, domestic violence and murder that make her state one of the most
dangerous places in the country for women and children." ... "Alaska leads
the nation in reported forcible rapes per capita, according to the FBI
[Federal Bureau of Investigation], with a rate two and a half times the
national average – a ranking it has held for many years. Children are no
safer: Public safety experts believe that the prevalence of rape and sexual
assault of minors in Alaska makes the state's record one of the worst in
the U.S. [United States] And while solid statistics on domestic violence
are hard to come by, most – including Gov. Palin – agree it is an "epidemic.""
... "Despite the governor's pro-family image, public safety experts and
advocates for women and children struggled when asked to explain how Palin's
leadership has helped address the crisis. And current and former officials
from Palin's administration confirmed that an ambitious plan to tackle
the crisis has apparently sunk into doldrums after arriving at the governor's
office." ... ""She's really done a lot of work on oil and gas, but when
it comes to violence against women and children. . . we haven't been on
her radar as a priority," said Peggy Brown, executive director of the Alaska
Network on Domestic Violence and Sexual Assault. The Juneau[Alaska's capital]-based
group is an umbrella organization for shelters and anti-violence programs
around the state." ... "State troopers respond to most domestic violence
calls outside of Alaska's major cities, but they're too short-staffed and
under-funded to do it well, according to Robert Claus, a recently retired
trooper." (1, 2,
3)
-By Justin Rood -ABCNEWS.com
-
Sarah
Palin -
John
McCain - Health
-
Alaska
-
2008
Election
"Sarah
Palin Installed Tanning Bed at Governor's Mansion."
... "Self-proclaimed "hockey mom" [2008 Election Republican Vice Presidential
Candidate and Alaska Governor] Sarah Palin had a private tanning
bed installed in the Governor's Mansion in Juneau, Alaska, Usmagazine.com
confirmed on Monday." ... ""She did. She paid for it with her own money,"
Roger Wetherell, chief communications officer of Alaska's Department of
Transportation and Public Facilities told Us." ... "The
Narco News Bulletin first reported on the
former beauty queen's penchant for a bronzed body." ... "Tanning
beds can cost up to $35,000 to install in a home - not including the cost
of parts, Color Me Tan manager Erin Weise told the Narco News." ... ""I
don't think it's normal for people to have a tanning bed in their house,
" Wiese, who is based in Fairbanks [Alaska] said. "It's expensive."" ...
"Palin's running mate, [2008 Election Republican] presidential candidate
John
McCain battled skin cancer in 1993, and again in 2000."
-UsMagazine.com
-
Sarah
Palin -
Ohio
-
Alaska
-
2008
Election
"Palin
and the Teleprompter." ... "At a fundraiser in Canton,
Ohio, this evening, [2008 Election Republican Vice Presidential Candidate
and Governor of] Alaska Gov. Sarah Palin had an interesting description
of her speech to the Republican convention." ... "“There Ohio was right
out in front, right in front of me," Palin said. "The teleprompter got
messed up, I couldn’t follow it, and I just decided I’d just talk to the
people in front of me. It was Ohio.”" ... "This struck many of us -- who,
as she spoke, followed along with her prepared remarks, and noted how closely
she stuck to the script -- as an unusual claim. (Especially those of my
colleagues on the convention floor at the time, reading along on the prompter
with her, noticing her excellent and disciplined delivery, how she punched
words that were underlined and paused where it said "pause," noting that
"nuclear" was spelled out for her phonetically.)" ... "I should note that,
after Palin's speech, some conservative bloggers reported that sources
close to McCain had told them that the teleprompter had broken and Palin
"winged it."" ... ""The teleprompter did not break," wrote
Politico's Jonathan Martin. "Sarah Palin delivered a powerful
speech last night, but she did not 'wing it'..."" ... "Says Martin, "Perhaps
there were moments where it scrolled slightly past her exact point in the
speech. But I was sitting in the press section next to the stage, within
easy eyeshot of the teleprompter. I frequently looked up at the machine,
and there was no serious malfunction. A top convention planner confirms
this morning that there were no major problems."" -By
Jake Tapper -ABCNEWS.com
_2008
News News Reference September
2008 News
September 14, 2008 News URL: #September-14-2008-News
20080914
Sunday
-
John
McCain -
William
E. Timmons, Sr. - Corporate
-
Government
- Politics
-
Oil
-
Drug
-
Housing
-
Consumer
-
Investigation
- Law
-
Foreign
- Japan
-
US
-
2008
Election
"Obama
Memo on a [Republican McCain] "Lobbyist-Run White House"."
... "[2008 Election Republican Presidential Candidate John] McCain's Team
of Lobbyists Grows, As They Plan for a Lobbyist-Run White House" ... "Joining
the ranks of the seven lobbyists running McCain's campaign, William Timmons,
a top Washington lobbyist, has been named to plan McCain's transition effort.
With at least 177 lobbyists helping advise, raise money and run his campaign,
there was little doubt who would be influencing McCain's White House, should
he win, but this appointment just confirms: a John McCain White House will
be organized, managed and influenced by lobbyists and the same old Washington
politics John McCain has decried. Campaigning on reform while surrounding
himself with lobbyists for the oil industry, big drug companies and foreign
interests doesn't seem much like change, and nothing shows that more than
naming a top Washington lobbyist to plan his transition." ... "SEPTEMBER
2008: TIMMONS JOINS MCCAIN TEAM" ... "One Of DC's “Most Senior Inside Players,”
A Special Interest Lobbyist To Help McCain Transition Planning Effort.
William E Timmons, Sr., the McCain campaign's new senior advisor of a hypothetical
transition, is a “prominent Washington lobbyist who has worked for every
Republican president since Richard Nixon” pointed out Time magazine. This
year alone, he is registered as a lobbyist for Freddie Mac, Anheuser-Busch,
an insurance industry trade group, an oil industry group, and a pharmaceutical
company. Time called him one “of Washington's steadiest and most senior
inside players.” [Time, 9/12/08; Senate Office of Public Records]" ...
"Timmons, A Former Nixon Aide, Founded Lobbying Shop In The Aftermath Of
Watergate. “Aftershocks of the Watergate scandal were still rumbling in
1975 when William Timmons and three other former Nixon aides decided to
launch their own lobbying shop. ‘We figured if we got 10 clients to pay
us $100,000 a year, we'd be in the clover,' recalls the 76-year-old Timmons.”
[Politico, 3/7/07]" ... "WHILE MCCAIN CRITICIZED FREDDIE MAC'S LOBBYISTS,
TIMMONS EARNED MILLIONS LOBBYING FOR FREDDIE MAC." ... " ... Timmons Earned
More Than $2.7 Million for His Firm Lobbying for Freddie Mac from 2000-2008.
William Timmons earned $2,795,000 in lobbying fees for his firm lobbying
from 2000 through the 2nd Quarter of 2008. His firm lobbied for Freddie
Mac on housing issues. [Timmons and Company Lobbying Disclosures, 2000-2008]"
... "TIMMONS ALSO EARNED MILLIONS FOR HIS FIRM LOBBYING FOR OIL COMPANIES"
... "Timmons Earned $2.1 Million for His Firm Lobbying for Unocal and Also
Lobbied for Chevron. William Timmons lobbied for Unocal from 1999-2005
and then briefly lobbied for Chevron in 2005 after the firm purchased Unocal.
[Timmons and Company Senate Lobbying Disclosures, 1999-2005]" ... "Timmons
Lobbied on Two Price Gouging Prevention Bills For Oil Industry. According
to lobbying disclosure forms, William Timmons – on behalf of the American
Petroleum Institute – lobbied on S. 94 and S. 1263 in 2007, two bills which
dealt with prohibiting price gouging by merchants. Timmons continued his
registration, which began in 1999, into the summer of 2008. [Timmons and
Company Senate Lobbying Disclosures]" ... "HITACHI: Timmons Contract Came
As US Government Opened Investigation" ... "8/2/85: Justice Dept. Opens
Investigation Of Hitachi For Antitrust Violations. In early August 1985,
the US Dept. of “investigation of Hitachi Ltd. for alleged unfair pricing
practices.” The probe “accused the Japanese of closing their doors to U.S.-produced
goods while using unfair tactics to make gains in the domestic U.S. marketplace.”.
[San Diego Union Tribune, 8/7/85]" ... "8/27/85: Hitachi Hires Timmons's
Firm. The $75,000 contract (one year) was to “represent the interests of
Hitachi before the legislative and executive branches.” [FARA, Exhibit
AB, http://www.fara.gov/docs/3489-Exhibit-AB-19850901-D0V9DI01.pdf
]" ... "[FARA (Foreign Agent Registration Act) filings, US Dept. of Justice
(fara.gov)]" -From the
capaing of Barack Obama
-TIME.com
McLobbyist.com
-
Sarah
Palin -
Rove
-
Abramoff
-
E-Mail
-
Secrecy
-
Government
-
Archive
- Politics
-
Legal
-
Investigation
- Computer
-
Internet
-
Tech
-
Alaska
-
2008
Election
"Even
before VP nomination, Palin's e-mail use questioned."
... "Moments after [2008 Election Republican Vice Presidential Candidate
and Alaska Governor] Gov. Sarah Palin's first speech as Republican [2008
Election Presidential Candidate] John McCain's running mate, she sat with
her kids backstage, thumbing one of the two BlackBerrys that are always
with her." ... "The tech-savvy governor has one of the devices (which allow
users to read and send e-mails) for state business and another for personal
matters, but those worlds intertwine." ... "Palin routinely uses a private
Yahoo e-mail account to conduct state business. Others in the governor's
office sometimes use personal e-mail accounts, too." ... "The practice
raises questions about backdoor secrecy in an administration that vowed
during the 2006 campaign to be "open and transparent."" ... "Even before
the McCain campaign plucked Palin from Alaska, a controversy was brewing
over e-mails in the governor's office. Was the administration trying to
get around the public records law through broad exemptions or private e-mail
accounts?" ... "The governor's Yahoo account is "the most nonsensical,
inane thing I've ever heard of," said Andree McLeod, who is appealing the
administration's decision to withhold e-mails." ... ""The governor sets
the tone and the tone that has been set by this governor is beyond the
pale," McLeod said. "Common sense tells you to use an official state e-mail
account for official state business."" ... "State lawyers say that the
governor's e-mails about public business should be treated like any other
public record, even if she's sent them through a private account such as
Yahoo." ... "Some of her aides also routinely use Yahoo, but even messages
sent from one private account to another should be public, if they concern
public business, said Dave Jones, an assistant attorney general." ... ""The
difficulty is finding out they exist," Jones said." ... "The [Republican
President] Bush administration has drawn heat over revelations that more
than 80 White House aides, including senior Bush adviser Karl Rove, used
private GOP e-mail servers for government business. The controversy surfaced
during congressional investigations into White House contacts with convicted
lobbyist Jack Abramoff and into the firings of U.S. attorneys." -By
Lisa Demer -ADN.com
via -McClatchyDC.com
-
Sarah
Palin -
E-Mails
-
Archive
- Politics
-
Legal
-
Investigation
-
Family
- Privacy
-
Alaska
-
2008
Election
"Palin
asked to release her husband's e-mails." ... "Can
[2008 Election Republican Vice Presidential Candidate and Alaska Governor]
Gov. Sarah Palin legally keep e-mails between her husband and her administration
from being released to the public?" ... "That's the question the lawyer
of Andree McLeod, a self-described Republican watchdog, put to the governor
last week in an appeal to disclose e-mails between her administration and
her husband, Todd." ... "Those e-mails could shed light on how Gov. Palin,
the Republican vice-presidential candidate, runs the state. And they could
also help reveal what role Todd Palin, who the state Legislature's special
investigator called a "central figure" in the governor's firing of former
Public Safety Commissioner Walt Monegan, played in his wife's administration."
... "In July, the governor's office refused to disclose the contents of
about 40 e-mails between Todd Palin and Gov. Palin's administration as
part of a larger public records request by McLeod. Other e-mails between
Todd Palin and the governor's staff were released, McLeod said, but had
some parts redacted. Todd Palin is copied as a recipient on most of the
e-mails but also authored a few." ... "Some of the subject lines of the
withheld e-mails, which were created between [February] Feb. 1 and [April]
Apr. 15. of this year, included: "Andrew Halcro," and "PSEA." Halcro is
a political rival of Palin. The PSEA is the union that represents the Alaska
State Troopers, including trooper Mike Wooten, who is divorced from Gov.
Palin's sister and is also a key figure in the investigation of Monegan's
firing." ... "In redacting or denying the request for e-mails, the governor's
office mostly cited Gov. Palin's right to a "deliberative process privilege,"
a law designed to let public officials receive candid advice from their
staff and consultants regarding matters of the state without fear of that
advice going public." ... "But McLeod's lawyer, Donald Mitchell, said Gov.
Palin waived that privilege when Todd Palin was included in her staff's
e-mails. Documents released to one member of the public have to be available
to all members of the public, he said." ... ""Mr. Palin is a private citizens
whose only connection to the office of the governor is that, at your invitation,
he from time to time is physically present in the offices of ... the governor
for no reason other than that he is your spouse," Mitchell wrote in his
appeal directly to the governor." ... "Those who pay attention to Alaska's
public records laws said Mitchell's legal argument holds water." ... "Larry
Persily, a former Empire editor who recently finished working for Gov.
Palin in Washington D.C., said he would bet his Alaska Permanent Fund dividend
that a judge would agree with him that Gov. Palin has no claims to the
deliberative process privilege once her administration's e-mail discussions
include her husband." ... ""The dike has got a hole in it, it's over,"
Persily said. " -By Alan Suderman
-JuneauEmpire.com
_2008
News News Reference September
2008 News
September 13, 2008 News URL: #September-13-2008-News
20080913
Saturday
-
John
McCain -
Barack
Obama -
Military
- Investment
-
Arizona
-
Mo
-
2008
Election
"McCain
on FCS: Flip-flop or fib?" ... "Has [2008 Election
Republican Presidential Candidate and Arizona Senator] Sen. John McCain
renounced his longtime antagonism toward the Army’s Future Combat Systems?"
... "On [September] Sept. 8, the Republican presidential candidate told
a rally crowd in Lee’s Summit, Mo. [Missouri], about an [2008 Election
Democratic Presidential Candidate Barack] Obama video message to a liberal
advocacy group." ... "“He promised them he would, quote, ‘slow our development
of Future Combat Systems,’” McCain said, according to wire reports. “This
is not a time to slow our development of Future Combat Systems.”" ... "Flashback
to July, however, when his campaign furnished McCain’s economic plan to
The Washington Post, declaring that “there are lots of procurements — Airborne
Laser, [C-17] Globemaster, Future Combat System [sic] — that should be
ended and the entire Pentagon budget should be scrubbed.”" ... "In fact,
McCain has long criticized the over-budget, behind-schedule FCS program.
In 2005, he blasted the Army for allowing the program to balloon to $161
billion, and forced the service to rewrite the main FCS contract." ...
"So where does McCain really stand? Some bloggers and analysts have suggested
that he used the term “future combat systems” generically. Obama’s campaign
maintains their candidate was speaking specifically about FCS, in which
case McCain may be twisting his rival’s words." ... "Loren Thompson of
the Lexington Institute called it deceitful." ... "“McCain’s interpretation
of Obama’s position is typical of the way in which the Republicans have
twisted Democratic views in order to undercut their opponents and at the
same time obscure the past positions of the Republicans,” Thompson said.
“Future Combat Systems is the centerpiece of Army modernization. However,
McCain has been more critical of it than anyone else in the chamber. Obama
has been much more detailed and thoughtful in his comments about future
military investment than McCain’s very superficial statements.”" -By
Bradley Peniston with contributions by Antonie Boessenkool
-ArmyTimes.com
-
Sarah
Palin -
Ted
Stevens -
Don
Young - Money
-
Politics
-
Federal
-
Transportation
-
Construction
-
Architecture
-
Alaska
-
Nevada
-
2008
Election
"Palin
Administration Still Pursuing ‘Nowhere’ Project."
... "[2008 Election Republican Vice Presidential Candidate and Governor
of] Alaska Gov. Sarah Palin has portrayed herself as a foe of pork-barrel
spending, pointing in particular to her role in killing the $398 million
"Bridge to Nowhere” between Ketchikan (pop. 7,400) and its airport on Gravina
Island (pop. 50). I "told the Congress, 'Thanks, but no thanks,'" she said
in her speech accepting the Republican vice presidential nomination. "If
our state wanted to build a bridge, we were going to build it ourselves.""
... "But Gov. Palin’s administration acknowledges that it is still pursuing
a project that would link Ketchikan to its airport -- with the help of
as much as $73 million in federal funds earmarked by Congress for the original
project." ... ""What the media isn't reporting is that the project isn't
dead," Roger Wetherell, spokesman for Alaska’s Department of Transportation,
said. In a process begun this past winter, the state’s DOT is currently
considering (PDF) a number of alternative solutions (five other
possible bridges or three different ferry routes) to link Ketchikan and
Gravina Island." ... "The DOT has not yet developed cost estimates for
those proposals, Wetherell said, but $73 million of the approximately $223
million [Alaska Republican Senator] Sen. Ted Stevens (R-AK [Republican-Alaska])
and [Alaska Republican Representative] Rep. Don Young (R-AK [Republican-Alaska])
earmarked for the bridge in 2005 has been set aside for the Gravina Access
Project." ... "In an
interview that aired Friday night, ABC’s Charles Gibson challenged
Palin about the fact that she’d initially
supported the “Bridge to Nowhere” during her 2006 run for governor.
“I was for infrastructure being built in the state,” she said, but repeated
her line that Alaska would “find a way to build [the bridge] ourselves."”
... "The massive $398 million "Bridge to Nowhere" was to replace ferry
service from the airport to Ketchikan (departing every half-hour),
a 15-minute
ride -- meaning that air travelers are assured of reaching Ketchikan
in no more than 45 minutes. It would have done so in grand style: the planned
structure would
have been nearly as long as the Golden Gate and higher than the
Brooklyn Bridge." -By Paul
Kiel -ProPublica.org
-
John
McCain -
Barack
Obama -
Illinois
-
Arizona
-
New
Hampshire -
2008
Election
"Obama
aide: McCain campaign 'sleaziest' in modern history."
... "[2008 Election Democratic Presidential Candidate and Illinois Senator]
Sen. Barack Obama's spokesman on Saturday accused [2008 Election Republican
Presidential Candidate and Arizona Senator] Sen. John McCain of "cynically
running the sleaziest and least honorable campaign in modern presidential
campaign history."" ... "Obama, speaking to a crowd Saturday in Manchester,
New Hampshire, said, "John McCain wants to have a debate about national
security; let's have that debate. I warned that going into Iraq would distract
us from Afghanistan. John McCain cheerleaded for it. John McCain was wrong,
and I was right."" ... ""The McCain-[Sarah] Palin ticket, they don't want
to debate the Obama-Biden ticket on issues because they are running on
eight more years of what we've just seen. And they know it," the Democratic
presidential nominee said. "As a consequence, what they're going to spend
the next seven, eight weeks doing is trying to distract you." ... ""They're
going to talk about pigs, and they're going to talk about lipstick; they're
going to talk about Paris Hilton, they're going to talk about Britney Spears.
They will try to distort my record, and they will try to undermine your
trust in what the Democrats intend to do."
-CNN
-
Sarah
Palin - Money
-
Politics
-
Federal
-
Transportation
-
Construction
-
Alaska
-
Nevada
-
2008
Election
"Palin's
'Bridge to Nowhere' line returns." ... "In her first
solo campaign rally outside of Alaska, [2008 Election Republican Presidential
Candidate and Alaska Governor] Gov. Sarah Palin drew an enthusiastic
crowd at the Pony Express Pavilion [Carson City, Nevada] Saturday and returned
to a familiar refrain about the “Bridge to Nowhere.”" ... "Palin has come
under fire in recent days for misleadingly saying she told Congress “thanks
but no thanks,” refusing an earmark for a bridge to a sparsely inhabited
island in her home state. Independent groups and media fact-checkers have
said Palin advocated for the federal earmark before opposing it, only ended
after Congress had essentially killed it, and kept the $223 million for
the appropriation after the project was killed." ... "She reiterated a
line that she put the governor’s luxury jet on eBay. While accurate, the
jet wasn’t sold on eBay." ... "Nevada [Lieutenant Governor] Lt. Gov. Brian
Krolicki said on stage that 10,000 people were in the crowd, but parks
officials said the pavilion held only 3,500 people." -By
Matthew E. Berger with contributions by Mark Murray
-MSNBC
_2008
News News Reference September
2008 News
September 12, 2008 News URL: #September-12-2008-News
20080912
Friday
-
John
McCain -
William
Timmons -
Rick
Davis - Corporate
-
Government
- Political
-
History
-
Oil
-
-
-
-
-
2008
Election
"McCain
Taps Lobbyist for Transition." ... "[2008 Election
Republican Presidential Candidate John McCain transition planner William]
Timmons is the chairman emeritus of Timmons and Company, a small but influential
lobbying firm he founded in 1975 shortly after leaving the [Republican
Nixon-Ford] White House. According to Senate records, he registered to
lobby in 2008 for a wide range of companies and trade groups, including
the American Petroleum Institute, the American Medical Association, Chrysler,
Freddie Mac, Visa USA and Anheuser-Busch." ... "His registrations include
work on a number of issues that have become flashpoints in the presidential
campaign. He has registered to work on bills that deal with the regulations
of troubled [home] mortgage lenders Freddie Mac and Fannie Mae, a bill
to provide farm subsidies and bills that regulate domestic oil-drilling."
... "By tapping Timmons, McCain has turned to one of Washington's steadiest
and most senior inside players to guide him in the event of a victory —
but also to someone who represents the antithesis of the kind of outside-of-Washington
change he has recently been promising. One Republican familiar with the
process said the decision to involve Timmons could become a political liability
for the campaign's reformist image, especially in the wake of the controversies
over the lobbying backgrounds of other McCain staffers, including campaign
manager Rick Davis. "It's one more blind spot for Rick Davis and John McCain,"
the person said." -By Michael Scherer
-TIME.com
-
Sarah
Palin - Terrorism
-
Politics
-
US
-
Iraq
-
Military
- Intelligence
-
2008
Election
"Out
of bounds! Palin confuses Iraq with al Qaida." ...
"Throw the flag on: [2008 Election Republican Vice Presidential Candidate]
Sarah Palin." ... "Call: Pass interference." ... "What Happened: On the
7th anniversary of the [September] Sept. 11, 2001 terrorist attacks, Palin
linked Iraq to those attacks. " ... "Why that's wrong: The bipartisan National
Commission on Terrorist Attacks Upon the United States said it found "no
credible evidence that Iraq and al Qaida cooperated on attacks against
the United States."" ... "The panel also said that contacts between al
Qaida and Iraq before the attacks "do not appear to have resulted in a
collaborative relationship."" ... "The group's conclusion confirmed similar
findings by the CIA [Central Intelligence Agency] and other U.S. intelligence
agencies. [Republican] President Bush, who once claimed such a pre 9-11
connection to Iraq, has since backed off." -By Steven
Thomma -McClatchyDC.com
_2008
News News Reference September
2008 News
September 11, 2008 News URL: #September-11-2008-News
20080911
Thursday
-
Sarah
Palin -
Criminal
- Money
-
Politics
-
Medical
-
Law
-
Alaska
-
2008
Election
"New
Evidence: Palin Had Direct Role In Charging Rape Victims For Exams."
... "Despite denials by the [2008 Election Republican Vice Presidential
Candidate Sarah] Palin campaign, new evidence proves that as mayor of Wasilla,
Alaska, Sarah Palin had a direct hand in imposing fees to pay for post-sexual
assault medical exams conducted by the city to gather evidence." ... "Palin's
role is now confirmed by Wasilla
City budget documents available online." ... "Under Sarah Palin's administration,
Wasilla cut funds that had previously paid for the medical exams and began
charging victims or their health insurers the $500 to $1200 fees. Although
Palin spokeswoman Maria Comella wrote
USA Today earlier this week that the GOP vice presidential nominee
"does not believe, nor has she ever believed, that rape victims should
have to pay for an evidence-gathering test...To suggest otherwise is a
deliberate misrepresentation of her commitment to supporting victims and
bringing violent criminals to justice," Palin, as mayor, fired police chief
Irl Stambaugh and replaced him with Charlie Fannon, who with Palin's knowledge,
slashed the budget for the exams and began charging the city's victims
of sexual assault. The city budget documents demonstrate Palin read and
signed off on the new budget. A year later, alarmed Alaska lawmakers passed
legislation outlawing the practice." ... "News of the controversial policy
has leaked slowly into the press this week as the presidential campaign
has heated up and Palin's record has been subject to increasing scrutiny.
The practice of charging rape victims has called into question Palin's
stated commitment to women's issues, her judgment as an executive and her
honesty about her record. " -By Jacob
Alperin-Sheriff -HuffingtonPost.com
-
Corporate
-
Oil
-
Government
- Political
-
Accounting
- Legal
-
Investigation
-
Drugs
"Sex,
drug use and graft cited in U.S. agency scandal."
... "As Congress prepares to debate expansion of drilling in taxpayer-owned
coastal waters, the Interior Department agency that collects oil and gas
royalties has been caught up in a wide-ranging ethics scandal — including
allegations of financial self-dealing, accepting gifts from energy companies,
cocaine use and sexual misconduct." ... "In three reports delivered to
Congress on Wednesday, the department's inspector general, Earl E. Devaney,
found wrongdoing by a dozen current and former employees of the Minerals
Management Service, which collects about $10 billion in royalties annually
and is one of the government's largest sources of revenue other than taxes."
... ""A culture of ethical failure" pervades the agency, Devaney wrote
in a cover memo." ... "The reports portray a dysfunctional organization
that has been riddled with conflicts of interest, unprofessional behavior
and a free-for-all atmosphere for much of the [Republican President] Bush
administration's watch." ... "The highest-ranking official criticized in
the reports is Lucy Denett, the former associate director of minerals revenue
management, who retired earlier this year as the inquiry was progressing."
... "One former official named in the report, Jimmy Mayberry, pleaded guilty
to a felony conflict-of-interest charge in August and faces a sentence
of up to five years in prison and a $250,000 fine." ... "In late 2002,
when he was about to retire from the government, Mayberry drafted a "statement
of work" for a consulting contract to perform essentially identical functions
to his own. He then retired, started a company, and in June 2003 won the
contract with the help of Denett and Milton Dial, another friend at the
agency who later went to work for Mayberry." ... "Denett did not return
a message left at her home on Wednesday with her husband, Paul Denett,
who was the top procurement official in the [President Bush] White House
Office of Management and Budget until he resigned this month. He declined
to comment." ... "The other high-ranking official the Justice Department
has declined to prosecute is Gregory Smith, the former program director
of the royalty-in-kind program." ... "Some 19 officials — a third of the
program's staff — took gifts from oil and gas executives, some with "prodigious
frequency."" ... "On one occasion, the report said, the royalty-in-kind
program allowed a Chevron representative who won a bid to purchase some
of the government's oil to pay taxpayers a lower amount than his winning
offer because he said he had made a mistake in his calculations. A report
from Devaney's office earlier this year found that the program had frequently
allowed companies that purchase the oil and gas to revise their bids downward
after they won contracts. It documented 118 such occasions that cost taxpayers
about $4.4 million in all." (1, 2,
3)
-By Charlie
Savage -NYTimes
via -IHT.com
-
Media
- US
-
Mexico
"Carlos
Slim Helu, World's Second Richest Man, Buys Large Stake In New York Times."
... "Mexican financier Carlos Slim Helu and members of his family now own
6.4 percent of publicly traded shares in The New York Times Co., according
to a regulatory filing Wednesday." ... "The 9.1 million Class A Common
Shares were purchased by Inmobiliaria Carso, S.A. de C.V, a Mexican holding
company controlled by members of the Slim family, according to a disclosure
report the company filed with the Securities and Exchange Commission."
-AP via -HuffingtonPost.com
_2008
News News Reference September
2008 News
September 10, 2008 News URL: #September-10-2008-News
20080910
Wednesday
-
Gordon
Smith - Illegal
-
Immigration
- Business
-
Food
- Workers
-
Politics
-
Agriculture
-
Property
- History
-
Oregon
-
Md
-
Hawaii
-
Utah
-
Wash
"Señor
Smith: Low-wage Latino workers keep [Oregon Republican
Senator] Sen. Gordon Smith’s family business humming. Not all of them are
legal." ... "Up on a hill overlooking this Eastern Oregon town of 701 people,
Smith Frozen Foods turns raw produce from the surrounding fields into ready-to-eat
products." ... "Smith’s goods appear in grocery stores under other brand
names. But in tiny Weston [Oregon], a water tank emblazoned with the capital
letters S-M-I-T-H sits like a sentry greeting travelers on nearby Highway
11." ... "Gordon Smith, a United States senator from Oregon and the only
Republican senator representing a West Coast state, has owned the plant
his grandfather founded in 1919 for nearly 30 years." ... "“Son,” father
Milan Smith once said, according to Gordon Smith’s 2006 memoir, “you can
sell ice to Eskimos and coals to Newcastle.”" ... "Today, Smith Frozen
Foods generates millions in income for the senator, according to Smith’s
2007 financial disclosure report." ... "And in this town, Smith’s wealth
looms large, even though the 56-year-old lawmaker seldom visits and calls
nearby Pendleton [Oregon] his home. According to the Center for Responsive
Politics, Smith is the 12th-richest member of the U.S. [United States]
Senate, with an estimated net worth between $8 million and $39 million—wealth
that’s allowed him to buy a $3.5 million mansion in Bethesda, Md. [Maryland],
property on the Hawaiian island of Kauai, a Park City, Utah, condominium
and—more famously—four antique golf clubs worth $1.25 million." ... "The
workers at Smith Frozen Foods, who clean the machinery, monitor production
and pack upward of 50 million pounds of produce each year, earn about $80
a day, four or five days a week, 10 months a year—if they’re lucky." ...
"One other thing—some of them appear to be illegal immigrants." ... "WW
recently spent several days in Weston, and the nearby cities of Milton-Freewater
[Oregon] and Walla Walla, Wash. [Washington], where most of Smith’s employees
live. WW spoke to dozens of current and former Smith workers, Latino advocates,
court personnel, public defenders, educators, police administrators, church
officials, social service agents and business owners and determined that
some portion of Smith’s workforce comprises undocumented immigrants." ...
"It’s a revelation that may not be newsworthy around Weston, where most
people this reporter interviewed knew, or assumed, that the agricultural
processing plant hired illegal immigrants." ... "Additional interviews
and review of public records reveal that Smith’s company appears to have
employed illegal immigrants for decades, stretching back as far as the
1980s." -By Beth
Slovic -WWeek.com
-
Sarah
Palin - Money
-
Politics
-
Children
-
Travel
-
Meals
-
Alaska
-
2008
Election
"Palin
expensed her children's air travel to the state."
... "Since [2008 Election Republican Vice Presidential Candidate and Alaska
Governor] Gov. Sarah Palin took office nearly two years ago, the state
of Alaska has routinely bought commercial airline tickets for her daughters
when they travel with her, a practice that raises questions about the governor's
claim to being a fiscal conservative." ... "Travel records from the governor's
office show that the state has spent at least $31,800 on dozens of airline
tickets for the family, and more for meals and hotels." ... "Records show
the family has traveled with Palin for events such as the Alaska Federation
of Natives convention in Fairbanks [Alaska] last fall and to shoot official
first family photos in Juneau [Alaska's capital], to draw raffle tickets
at an event in Anchorage [Alaska] and to tour a teen center spearheaded
by the Juneau Christian Center. " -By Kyle Hopkins
-ADN.com via -McClatchyDC.com
_2008
News News Reference September
2008 News
September 9, 2008 News URL: #September-9-2008-News
20080909
Tuesday
-
Sarah
Palin - Money
-
Politics
-
Travel
-
Food
-
Family
-
Sports- Entertainment
-
Alaska
-
New
York
-
2008
Election
"Palin
Billed State for Nights Spent at Home: Taxpayers
Also Funded Family's Travel." ... "[2008 Election Republican Vice Presidential
Candidate and Governor of] Alaska Gov. Sarah Palin has billed taxpayers
for 312 nights spent in her own home during her first 19 months in office,
charging a "per diem" allowance intended to cover meals and incidental
expenses while traveling on state business." ... "The governor also has
charged the state for travel expenses to take her children on official
out-of-town missions. And her husband, Todd, has billed the state for expenses
and a daily allowance for trips he makes on official business for his wife."
... "Palin, who earns $125,000 a year, claimed and received $16,951 as
her allowance, which officials say was permitted because her official "duty
station" is Juneau, according to an analysis of her travel documents by
The Washington Post." ... "The governor's daughters and husband charged
the state $43,490 to travel, and many of the trips were between their house
in Wasilla and Juneau, the capital city 600 miles away, the documents show."
... "She wrote some form of "Lodging -- own residence" or "Lodging -- Wasilla
residence" more than 30 times at the same time she took a per diem, according
to the reports. In two dozen undated amendments to the reports, the governor
deleted the reference to staying in her home but still charged the per
diem." ... "Palin charged the state a per diem for working on Nov. 22,
2007 -- Thanksgiving Day. The reason given, according to the expense report,
was the Great Alaska Shootout, an annual NCAA college basketball tournament
held in Anchorage." ... "In separate filings, the state was billed about
$25,000 for Palin's daughters' expenses and $19,000 for her husband's."
... "One event was in New York City in October 2007, when Bristol accompanied
the governor to Newsweek's third annual Women and Leadership Conference,
toured the New York Stock Exchange and met local officials and business
executives. The state paid for three nights in a $707-a-day hotel room."
... "The family also charged for flights around the state, including trips
to Alaska events such as the start of the Iditarod dog-sled race and the
Iron Dog snowmobile race, a contest that Todd Palin won." (1, 2,
3)
-By James V. Grimaldi and Karl Vick with contribution
by Alice Crites -WashingtonPost
_2008
News News Reference September
2008 News
September 8, 2008 News URL: #September-8-2008-News
20080908
Monday
-
Karl
Rove -
John
McCain -
Palin
-
SC
-
Arizona
-
Colorado
- Legislative
-
History
-
2008
Election
"Eight
years after S.C., Karl Rove works with Sen. McCain’s camp."
... "Eight years after helping [Republican President] George Bush defeat
[Republican Presidential Candidate] John McCain in a [2000 Election] bitter
primary, Karl Rove appears to be playing a significant role in helping
the Arizona Republican win the presidency." ... "Rove has downplayed his
contact with the McCain campaign, but the former adviser to President Bush
met with GOP [GOP=Grand Old Party=Republican] delegates from Colorado last
Wednesday. Rove, who is now a Fox News analyst, told reporters after the
meeting that he has friends in the McCain organization who occasionally
seek his advice." ... "He said the campaign “carefully vetted” [2008 Election
Republican Vice Presidential Candidate Sarah] Palin, claiming it was aware
of all the revelations that have come out since she was announced as the
running mate." ... "“They knew all of it. … They weren’t bothered by it,”
Rove said." ... "A GOP operative said Rove has had a consistent, “medium”-sized
role with the McCain campaign." ... "[During the 2000 election] Rove said
of the Arizona senator, “You cannot become a leader of the United States
and hope to achieve things by, basically, irritating everybody around you.
… And his legislative accomplishments are few and far between because he
cannot work well and bring people together.”" (1, 2)
-By Jackie Kucinich and Bob Cusack with contributions
by Sam Youngman -TheHill.com
-
Sarah
Palin -
John
McCain -
Housing
- Market
-
Government
-
Alaska
-
Colorado
-
2008
Election
"Palin
Makes Her First Gaffe." ... "[2008 Election Republican
Vice Presidential Candidate and Alaska Governor] Gov. Sarah Palin made
her first potentially major gaffe during her time on the national scene
while discussing the developments of the perilous housing market this past
weekend." ... "Speaking before voters in Colorado Springs [Colorado], the
Republican vice presidential nominee claimed that lending giants Fannie
Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers."
The companies, as
McClatchy reported, "aren't taxpayer funded but operate as private
companies. The takeover may result in a taxpayer bailout during reorganization.""
... "Economists and analysts pounced on the misstatement, which came before
the government had spent funds bailing the two entities out, saying it
demonstrated a lack of understanding about one of the key economic issues
likely to face the next administration." ... ""You would like to think
that someone who is going to be vice president and conceivable president
would know what Fannie and Freddie do," said Dean Baker, co-director of
the Center for Economic and Policy Research. "These are huge institutions
and they are absolutely central to our country's mortgage debt. To not
have a clue what they do doesn't speak well for her, I'd say."
"
-By
Sam
Stein -HuffingtonPost.com
WATCH:
Palin falsely asserted Fannie Mae and Freddie Mac are "too big and too
expensive to the taxpayers." John McCain applauded the false assertion.
_2008
News News Reference September
2008 News
September 7, 2008 News URL: #September-7-2008-News
20080907
Sunday
-
John
McCain -
Psychology
- Politics
-
Texas
-
Miss
-
2008
Election
"McCain's
history of hot temper raises concerns." ... "[2008
Election Republican Presidential Candidate] John McCain made a quick stop
at the Capitol one day last spring to sit in on Senate negotiations on
the big immigration bill, and [Texas Republican Senator] John Cornyn was
not pleased." ... "Cornyn, a mild-mannered Texas Republican, saw a loophole
in the bill that he thought would allow felons to pursue a path to citizenship."
... "McCain called Cornyn's claim "chicken-s---," according to people familiar
with the meeting, and charged that the Texan was looking for an excuse
to scuttle the bill. Cornyn grimly told McCain he had a lot of nerve to
suddenly show up and inject himself into the sensitive negotiations." ...
""F--- you," McCain told Cornyn, in front of about 40 witnesses." ... "It
was another instance of the Republican presidential candidate losing his
temper, another instance where, as POW-MIA activist Carol Hrdlicka put
it, "It's his way or no way."" ... "There's a lengthy list of similar outbursts
through the years: McCain pushing a woman in a wheelchair, trying to get
an Arizona Republican aide fired from three different jobs, berating a
young GOP activist on the night of his own 1986 Senate election and many
more." ... "In January, [Mississippi Republican Senator] Sen. Thad Cochran,
R-Miss. [Republican-Mississippi], told The Boston Globe that, "the thought
of (McCain) being president sends a cold chill down my spine. He is erratic.
He is hotheaded. He loses his temper and he worries me." (Cochran has since
endorsed McCain.)" -By David Lightman and Matt Stearns
with contributions by Margaret Talev -McClatchyDC.com
-
Henry
Paulson
-
Government
- Money
-
Housing
- Politics
-
Historic
"U.S.
seizes Fannie and Freddie: Treasury chief Paulson
unveils historic government takeover of twin mortgage buyers. Top executives
are out." ... "Federal officials on Sunday unveiled an extraordinary takeover
of Fannie Mae and Freddie Mac, putting the government in charge of the
twin mortgage giants and the $5 trillion in home loans they back." ...
"The move, which extends as much as $200 billion in Treasury support to
the two companies, marks Washington's most dramatic attempt yet to shore
up the nation's housing market, which is suffering from record foreclosures
and falling prices." ... "The sweeping plan, announced by Treasury Secretary
Henry Paulson and James Lockhart, director of the Federal Housing Finance
Agency, places the two companies into a "conservatorship" to be overseen
by the Federal Housing Finance Agency. Under conservatorship, the government
would temporarily run Fannie and Freddie until they are on stronger footing."
... "Freddie CEO Richard Syron and Fannie CEO Daniel Mudd will no longer
run the agencies, while the FHFA will assume control of the boards." ...
"The government, in agreeing to backstop the firms, said it would receive
$1 billion in each company's senior preferred stock. The government will
also receive a quarterly dividend payment and the right to own 79.9% of
each company." ... "Fannie and Freddie have become virtually the only source
of funding for banks and other home lenders looking to make home loans.
Their ability to do so is crucial to the recovery of the battered home
market and the broader U.S. economy." ... "The two firms buy loans, attach
a guarantee, then sell securities backed by the loans' income stream. All
told, they own or back $5.4 trillion worth of home debt - half the mortgage
debt in the country." ... "The cost of the government intervention remains
unclear however. Experts argue that it will depend in large part on the
structure of the rescue, the direction of home prices and mortgage default
rates." ... "Still it seems almost certain it will run into the billions
and will most likely eclipse such other high-profile government bailouts
including than the Federal Reserve's $29 billion backing of Bear Stearns
assets when it was taken over by J.P. Morgan Chase." -By
David Ellis with contributions by Tami Luhby and Patricia Sellers
-CNN
_2008
News News Reference September
2008 News
September 6, 2008 News URL: #September-6-2008-News
20080906
Saturday
-
Sarah
Palin - Money
-
Politics
-
Sports
-
Roads
-
Construction
-
Land
-
Alaska
-
2008
Election
"Palin's
Hockey Rink Leads To Legal Trouble in Town She Led."
... "The biggest project that [2008 Election Republican Vice Presidential
Candidate and Alaska Governor] Sarah Palin undertook as mayor of this small
town [Wasilla, Alaska] was an indoor sports complex, where locals played
hockey, soccer, and basketball, especially during the long, dark Alaskan
winters." ... "The only catch was that the city began building roads and
installing utilities for the project before it had unchallenged title to
the land. The misstep led to years of litigation and at least $1.3 million
in extra costs for a small municipality with a small budget. What was to
be Ms. Palin's legacy has turned into a financial mess that continues to
plague Wasilla." ... ""It's too bad that the city of Wasilla didn't do
their homework and secure the land before they began construction," said
Kathy Wells, a longtime activist here. "She was not your ceremonial mayor;
she was in charge of running the city. So it was her job to make sure things
were done correctly."" ... "Litigation resulting from the dispute over
Ms. Palin's sports-complex project is still in the courts, with the land's
former owner seeking hundreds of thousands of additional dollars from the
city." -By Michael M. Phillips
-WSJ.com
-
John
McCain -
Sarah
Palin - Lawyers
-
Politics
-
Investigation
-
Alaska
-
2008
Election
"Obstruction."
... "Newsweek: [2008 Election Republican Presidential Candidate
John] McCain camp and its Alaska allies move
to shut down trooper-gate probe." ... "Within days of [2008 Election
Republican Vice Presidential Candidate Sarah] Palin's selection, at
least seven of her aides and associates, who had previously agreed
to cooperate with the trooper-gate investigation, informed investigator
Steve Branchflower that they were now no longer willing to be deposed.
Note too that this was immediately after the McCain team deployed
what George Stephanopoulos reported was a "rapid response team of about
ten operatives that includes lawyers" to the state." ... "So the question
is: what contact did representatives of the McCain campaign have with these
aides that had agreed to testify but within days of her selection
took back their pledge and are now refusing to cooperate?" -By
Josh Marshall .TalkingPointsMemo
_2008
News News Reference September
2008 News
September 5, 2008 News URL: #September-5-2008-News
20080905
Friday
-
John
McCain -
Sarah
Palin - Law
-
Politics
-
Investigation
-
Alaska
-
2008
Election
"Team
McCain and the Trooper: Nominee's ally moves to curb
probe of Palin." ... "Key Alaska allies of [2008 Election Republican Presidential
Candidate] John McCain are trying to derail a politically charged investigation
into [2008 Election Republican Vice Presidential Candidate and Alaska Governor]
Gov. Sarah Palin's firing of her public safety commissioner in order to
prevent a so-called "October surprise" that would produce embarrassing
information about the vice presidential candidate on the eve of the election."
... "In a move endorsed by the McCain campaign Friday, John Coghill, the
GOP [GOP=Grand Old Party=Republican chairman of the state House Rules Committee,
wrote a letter seeking a meeting of Alaska's bipartisan Legislative Council
in order to remove the Democratic state senator in charge of the so-called
"troopergate" investigation." ... "The move underscored the huge political
stakes in the outcome of a legislative investigation that is being closely
monitored by both the McCain and Obama campaigns because of its potential
impact on the fall election. "How can this possibly be read as anything
but a partisan attempt to shut down a legitimate investigation that was
approved and funded with bipartisan support?" said one state Democratic
legislative aide, who asked not to be identified because of the political
sensitivities. Coghill told NEWSWEEK that he decided to write his letter
to strip French of his position on his own-without any coaxing by McCain
campaign officials." ... "But a top McCain campaign official acknowledged
that the GOP lawyer had given the campaign a "heads up" about his letter
and that the McCain campaign approved of the effort to remove French."
... "One major reason the probe is so sensitive is that it raises the prospect
that Governor Palin's credibility could be called into a question in a
major state probe on the eve of the election. When the "troopergate" story
broke over the summer, Palin adamantly denied that anybody in her administration
exerted any pressure on Monegan to fire Wooten. But only weeks later, a
tape recording surfaced in which another one of her top aides, Frank Bailey,
was heard telling a police lieutenant, "Todd and Sarah are scratching their
heads, 'Why on earth hasn't this, why is this guy [Wooten] still representing
the department?'" ... "... Bailey also confirmed ... that Palin had herself
raised Wooten's name with the state police during her first security briefing
after she won election as governor in November 2006." (1, 2,
3)
-By Michael Isikoff and Mark Hosenball
-Newsweek
-
Sarah
Palin -
John
McCain - Money
-
Politics
-
Accounting
-
Alaska
-
Wisconsin
-
2008
Election
"Plane
Not Sold on eBay." ... "One of the compelling anecdotes
about [2008 Election Republican Vice Presidential Candidate] Sarah Palin
is that she auctioned off the Alaska governor's jet on eBay after taking
office -- a swift move made by a reformer hoping to clean up the excesses
of her predecessor." ... "But in fact, the jet did not sell on eBay. It
was sold to a businessman from Valdez named Larry Reynolds, who paid $2.1
million for the jet, shy of the original $2.7 million purchase price, according
to contemporaneous news reports, including a story in the
New York Times." ... "Dan Spencer, the director of administrative services
for Alaska's Public Safety Department, said that the Republican speaker
of the Alaska House, John L. Harris, brokered the deal. Reynolds made campaign
contributions to both Palin and Harris in 2006 and 2007." ... "But that
hasn't stopped Palin, or John McCain, from implying -- and, on Friday,
claiming outright -- that Palin did sell the jet on the Internet." ...
""You know what I enjoyed the most? She took the luxury jet that was acquired
by her predecessor and sold it on eBay -- and made a profit!" [2008 Election
Republican Presidential Candidate John] McCain declared in Wisconsin at
a campaign stop on Friday." -By Anne E. Kornblut -WashingtonPost
_2008
News News Reference September
2008 News
September 4, 2008 News URL: #September-4-2008-News
20080904
Thursday
-
Sarah
Palin - Law
-
Politics
-
Alaska
-
2008
Election
"Fired
Alaskan Official Says Palin Hasn't Been Truthful:
Monegan Says He Was Fired For His Refusal to Fire Governor's Former Brother-In-Law."
... "The fired Alaskan official, whose dismissal has become the subject
of a state senate committee's investigation of [2008 Election Republican
Vice Presidential Candidate and Alaska Governor] Gov. Sarah Palin, has
told ABC News that she has not been entirely truthful on the matter." ...
"In a telephone interview Wednesday, Walt Monegan, the former Alaskan Public
Safety Commissioner, said he was dismissed because he refused to fire the
Governor's former brother-in-law, a state trooper." ... ""I believe I was
fired because of, primarily the reason of her former brother-in-law," Monegan
said. "I think that my unwillingness to take special action against her
former brother-in-law was not well received."" ... "Monegan says he believes
that the Governor has not told the truth about what happened." ... ""I
think there are some questions now that, coming to light about how transparent
and how honest she wants to be," Monegan said." ... "The allegation against
the Governor, which she denies, is that she wanted her former brother-in-law
fired and pushed the Monegan to do it." (1, 2,
3)
-By Brian Ross, Joseph Rhee, and Len Tepper
-ABCNEWS.com
-
Sarah
Palin - Money
-
Politics
-
Federal
-
Transportation
-
Construction
-
Alaska
-
2008
Election
"Palin
Also Supported The "Road To Nowhere" (And May Still)."
... "While a debate rages over how honest [2008 Election Republican Presidential
Candidate] Sarah Palin has been in stating her opposition to the infamous
Bridge To Nowhere, another massive, widely-criticized transportation project
is lingering in Alaska." ... "The "Road
To Nowhere" is a $375 million "mega-project" designed to connect Juneau
[Alaska's capital] to the [Alaskan] towns of Haines and Skagway via 50
miles of new road along the steep slopes of an avalanche-battered canal,
ending at a ferry terminal at the Haines river." ... "As of 2005, Haines
had a population of 2,400, while Skagway had 870 residents." ... "According
to the Alaska Transportation Priorities Project, a group promoting "sensible
transportation systems in the state," the Road to Nowhere is an irresponsible
waste. The project has received more than $100 million in federal and state
funding. This includes a $15 million dollar federal earmark and approximately
$24 million in federal dollars passed through to the state. But it remains
far from completion - hampered by opposition, environmental and safety
concerns, and general wariness over its utility." ... "Palin has been anything
but a steady fiscal hawk on the matter. The Governor came into office saying
she supported the road, which was started under her predecessor Frank Murkowski.
In an October 2006 questionnaire by Anchorage Daily News, she
simply wrote "Yes" when asked "Do you support building a road from
Juneau to Skagway?"" -By
Sam
Stein -HuffingtonPost.com
-
Sarah
Palin -
Rudy
Giuliani -
Obama
-
John
McCain - People
-
Psychological
- Politics
-
2008
Election
"The
GOP's cheerful viciousness." ... "With last night's
cheerfully vicious speeches from [Republican] Rudy Giuliani and [2008 Election
Republican Vice Presidential Candidate] Sarah Palin, the Republicans did
what they always do in order to win elections: they exploited raw cultural
divides while mocking, belittling and demonizing Democratic leaders. Yet
again, they delivered brutally effective and deeply personal blows to the
Democratic presidential candidate grounded in the same manipulative and
deceitful yet very potent themes they've been using for the last three
decades." ... "Ever since Ronald Reagan's election, this is what the Republicans
do every four years. They render issues irrelevant and convert campaigns
into cultural wars and personality referenda. They converted our elections
into tawdry reality shows long before networks realized their entertainment
value. And every four years, Democrats seems shocked and paralyzed by all
of this and desperately delude themselves into believing that mean-spirited
"negativity" and nastiness will alienate voters, while the media swoons
at the potency of these attacks." ... "The derisive attacks on Obama's
character last night were exactly what Democrats decided -- yet again --
that they would studiously avoid at their own convention when discussing
John McCain." ... "None of this is to say that the GOP [GOP=Grand Old Party=Republican]
attacks will enable them to win the election. It is quite possible that
enough Americans this year are so alienated from the GOP brand that they
are now largely immune from these kinds of substance-free personality assaults,
that they won't be blinded by cultural tribalism and personality appeals
into handing this political party an additional four years of power. But
these tactics have worked in the past because cultural tribalism, resentment
and alienation are very powerful influences in how people think -- in general,
they're more powerful than rational assessments of policy positions or
even one's self-interest -- and the Democrats' gamble that they can win
this election without really engaging those issues, while allowing that
war to be waged in a one-sided manner yet again, is a true gamble."
-By Glenn Greenwald -Salon
-
Barack
Obama -
Sarah
Palin -
Giuliani
-
Religion
- Politics
-
People
-
Workers
-
Poverty
- Justice
-
Illinois
-
2008
Election
"What
a Community Organizer Does." ... "This morning, I
received a press release from a group called Catholic Democrats about the
work--the mission, the witness--that [2008 Election Democratic Presidential
Candidate Barack] Obama performed after he got out of college. Here's the
first paragraph:"
"Catholic Democrats is expressing surprise and shock that Republican vice presidential nominee Sarah Palin's acceptance speech tonight mocked her opponent's work in the 1980s for the Catholic Campaign for Human Development. She belittled Democratic presidential nominee Barack Obama's experience as a community organizer in Catholic parishes on the South Side of Chicago, work he undertook instead of pursuing a lucrative career on Wall Street. In her acceptance speech, Ms. Palin said, "I guess a small-town mayor is sort of like a community organizer, except that you have actual responsibilities." Community organizing is at the heart of Catholic Social Teaching to end poverty and promote social justice."... "So here is what [Republican Rudy] Giuliani and [2008 Election Republican Vice Presidential Candidate Sarah] Palin didn't know: Obama was working for a group of churches that were concerned about their parishioners, many of whom had been laid off when the steel mills closed on the south side of Chicago. They hired Obama to help those stunned people recover and get the services they needed--job training, help with housing and so forth--from the local government. It was, dare I say it, the Lord's work--the sort of mission Jesus preached (as opposed to the war in Iraq, which Palin described as a "task from God.")" -By Joe Klein -Time-Blog.com
-
Sarah
Palin - Legal
-
Politics
-
Workers
-
Privacy
-
Alaska
-
2008
Election
"Alaska
police union files complaint against Palin." ...
"The GOP [GOP=Grand Old Party=Republicans] candidate for [2008 Election
Republican] vice president, [Alaska Republican Governor] Gov. Sarah Palin,
may be facing yet another ethics investigation back in her home state of
Alaska. An ethics
complaint obtained by NBC News [PDF] was filed Wednesday by the
police officers union in Alaska, requesting a probe into possible wrongdoing
by the governor or her office. It was brought on behalf of state trooper
Mike Wooten, an ex-brother-in-law of Palin who is at the center of the
"Troopergate" scandal." ... "The complaint alleges that the governor or
her staff may have have improperly disclosed information from Wooten's
personnel records. The complaint alleges "criminal penalties may apply.""
... "John Cyr, director of the union that filed the complaint, told NBC
News, "It seems obvious to us somebody has improperly accessed [Wooten's]
personnel file."" -By Aram Roston and Amna Nawaz
-MSNBC
-
Sarah
Palin -
Police
- Workers
-
Privacy
-
Politics
-
Alaska
-
2008
Election
"Palin
aides peeked into trooper's files, union says." ...
"Aides to Alaska [Republican Governor] Gov. Sarah Palin improperly obtained
her former brother-in-law's state police personnel files and cited information
from those records to raise complaints about the officer, the head of Alaska's
state police union said Thursday." ... ""It's apparent to us that the governor
or someone on her staff had direct access to his personnel file, as well
as his workers' comp file, and those are protected," said John Cyr, executive
director of the Alaska Public Safety Employees Association." ... "Palin,
now the Republican nominee for [2008 Election] vice president, is battling
allegations that she sacked her public safety commissioner in July because
he refused to fire Trooper Mike Wooten, her sister's ex-husband. But a
spokesman for GOP presidential candidate John McCain's campaign released
documents late Thursday indicating Wooten signed a waiver during his divorce
that allowed his entire personnel file to be released." ... "In an ethics
complaint filed Wednesday, the union names the governor and three aides,
one of whom cited Wooten's records in a tape-recorded call to a state police
lieutenant in February. And the former commissioner, Walt Monegan, said
he believes his refusal to fire Wooten led to his firing." ... "In the
February 29 call by Frank Bailey, Palin's boards and commissions director,
to state police Lt. Rodney Dial, Bailey complained there had been "absolutely
no action for a year on this issue." During the call, he said there was
some "really funny business" about a worker's compensation claim Wooten
had filed and suggested he lied about a health condition on his state police
job application." ... ""That's extraordinary for them to reference that,"
Cyr said. Police application files contain results of background checks
and reference letters, "and those are sealed. Even Trooper Wooten doesn't
have access to those."" -CNN
-
Sarah
Palin -
John
McCain -
Marketing
-
Media
-
2008
Election - US
-
Foreign
"No
Questions, Please. We'll Tell You What You Need To Know."
... "According to Nicole Wallace of the [2008 Election Republican Presidential
Candidate John] McCain campaign, the American people don't care whether
[2008 Election Vice Presidential Candidate] Sarah Palin can answer specific
questions about foreign and domestic policy. According to Wallace -- in
an appearance I did with her this morning on Joe Scarborough's show --
the American people will learn all they need to know (and all they deserve
to know) from Palin's scripted speeches and choreographed appearances on
the campaign trail and in campaign ads." [
WATCH the discussion]
... "Wallace's bash-the-media exercise has its merits as a campaign tactic.
It certainly rallies the base. But the base won't lift McCain to 50% in
November. More importantly, in her smug dismissal of the media's role in
asking questions of the candidates, Wallace was really showing contempt
not for reporters, but for voters." -By Jay Carney
-Time-Blog.com
-
Cindy
McCain -
John
McCain -
Fashion
- Politics
-
Arizona
-
Houses
-
2008
Election
"Cindy
McCain's $300,000 Outfit." [2008 Election Republican
Presidential Candidate John McCain's wife Cindy and Republican President
George Bush's wife Laura at the Republican National Convention.]
"Laura Bush"Wow! No wonder McCain has so many houses: his wife has the price of a Scottsdale [Arizona] split-level hanging from her ears." ... "(All prices except Laura’s shoes and Cindy’s watch are estimates, and the jewelry prices are based on the assumption that the pieces are real.)" -VanityFair.com
Oscar de la Renta suit: $2,500
Stuart Weitzman heels: $325
Pearl stud earrings: $600–$1,500
Total: Between $3,425 and $4,325""Cindy McCain
Oscar de la Renta dress: $3,000
Chanel J12 White Ceramic Watch: $4,500
Three-carat diamond earrings: $280,000
Four-strand pearl necklace: $11,000–$25,000
Shoes, designer unknown: $600
Total: Between $299,100 and $313,100"
-
Sarah
Palin - History
-
Sports
-
Journalism
-
Television
-
Idaho
-
Alaska
-
2008
Election
"Republican
vice presidential nominee Palin changes colleges 6 times in 6 years."
... "Republican vice presidential candidate Sarah Palin seems to have switched
colleges at least six times in six years, including two stints at the University
of Idaho before graduating from there in 1987." ... "She majored in journalism
with an emphasis in broadcast news." ... "Despite her journalism degree,
she does not appear to have worked for the college newspaper or campus
television station, school officials said. She worked briefly as a sportscaster
for KTUU in Anchorage [Alaska] after she graduated college." -By
Nicholas K. Geranios -LAtimes
_2008
News News Reference September
2008 News
September 3, 2008 News URL: #September-3-2008-News
20080903
Wednesday
-
Sarah
Palin - Law
-
Politics
-
Alaska
-
2008
Election
"Palin
Aide Ducks State Probe: Aide's Lawyer Cancels Deposition,
Questions Legislature's Jurisdiction." ... "The deposition of one of [2008
Election Republican Vice Presidential Candidate and Alaska Governor] Gov.
Sarah Palin's staff members was canceled yesterday by the staffer's attorney,
in what is yet another setback to the state
legislature's investigation into claims that Palin fired the public
safety commissioner after he refused to dismiss a trooper, Palin's former
brother in-law." ... "Palin has denied any wrongdoing surrounding the dismissal
of Walt Monegan, but has acknowledged that phone calls were made by her
staff members to Public Safety officials regarding the trooper, Mike Wooten."
... "One of those calls was made by Palin's director of boards and commissions,
Frank Bailey. Bailey was scheduled to be deposed as part of the legislature's
investigation, but his attorney canceled the deposition yesterday and challenged
the legislature's jurisdiction, according to the state senator running
the probe." ... "Bailey's attorney, Greg Grebe, said he canceled the deposition,
which was to take place today, last night after speaking with Palin's private
attorney Thomas Van Flein." (1, 2)
-By Len Tepper, Brian Ross, and Maddy Sauer
-ABCNEWS.com
-
Sarah
Palin - US
-
Iraq
-
Military
- Politics
-
Alaska
- Gas
-
Companies
-
2008
Election
"Palin:
Iraq war 'a task that is from God'." ... "Alaska
[Republican Governor] Gov. Sarah Palin told ministry students at her former
church that the United States sent troops to fight in the Iraq war on a
"task that is from God."" ... "In an address last June, the [2008 Election]
Republican vice presidential candidate also urged ministry students to
pray for a plan to build a $30 billion natural gas pipeline in the state,
calling it "God's will."" ... ""Our national leaders are sending them out
on a task that is from God," she said. "That's what we have to make sure
that we're praying for, that there is a plan and that plan is God's plan.""
... "Palin told graduating students of the church's School of Ministry,
"What I need to do is strike a deal with you guys." As they preached the
love of Jesus throughout Alaska, she said, she'd work to implement God's
will from the governor's office, including creating jobs by building a
pipeline to bring North Slope natural gas to North American markets." ...
""God's will has to be done in unifying people and companies to get that
gas line built, so pray for that," she said." -By
Gene Johnson -AP
via -Yahoo
WATCH:
"Sarah Palin: War in Iraq is "God's Plan""
WATCH:
"Sarah Palin: Alaskan Pipeline is "God's Will""
-
Sarah
Palin -
Federal
- Money
-
Politics
-
Oil
-
Alaska
-
Arizona
-
2008
Election
"Sarah
Palin: Earmark Queen Of The Earmark State." ... "In
2000, [Republican Vice Presidential Candidate] Sarah Palin, as mayor of
the Alaskan town of Wasilla, hired
a Washington lobbyist to secure federal earmarks for her community."
... "This is not totally atypical in her state. Alaska’s government receives
more
money per capita in federal earmark money than any other state, despite
being the
only state in the union with no income tax and no sales tax. They fund
their government primarily with petroleum money, and recently distributed
oil profits to its citizens in the form of rebate
checks." ... "But even in her heavily earmarked state, Sarah Palin
was the earmark queen." ... "From 2000 to 2003, she secured over $27
million in earmarks, averaging $6.7 million in federal money every
year for her town of about 6,700 people." ... "An analysis
of the databases of Taxpayers for Common Sense by Center for American Progress
Action Fund Senior Fellow Scott Lilly puts these numbers in perspective."
"Per Capital Federal Earmark Funding""He notes the following amounts:"
"(All figures for 2008 except Wasilla, which is for 2002)"
"Arizona: $18.70"
"National Average: $51.19"
"Alaska: $506.34"
"Wasill, AK: $1,000.00"
"–$50: The amount the average state received in earmarked funds, per capita in 2008""Some of these earmarks drew the scorn of Senator John McCain. The LA Time reports that, “three times in recent years, McCain’s catalogs of ‘objectionable’ spending have included earmarks for this small Alaska town, requested by its mayor at the time — Sarah Palin.”" ... "As Scott Lilly writes, “Palin has advertised herself as a reformer and a skeptic of earmarking while maneuvering to become the earmark queen of the earmark state.”" -ThinkProgress.org/Wonk Room
"–$506: The amount received by Alaska’s citizen per capita in 2008, represented by the Senate’s earmarker in chief, Ted Stevens, ten times the national average"
"–Over $1000: The annual amount received per capita in Wasilla between 2000 and 2003, twice the 2008 Alaska state average"
-
Sarah
Palin - Money
-
Politics
-
Lawsuit
-
Alaska
-
Arizona
-
2008
Election
"Another
Controversy for Sarah Palin: Former Police Chief
Says He Was Fired for Challenging Palin's Campaign Contributors." ... "[2008
Election Republican Vice Presidential Candidate and Alaska Governor] Gov.
Sarah Palin is already facing ethical questions over her firing of the
Alaska public safety commissioner, and now she faces questions over the
firing of a longtime local police chief." ... "After taking over as Mayor
of the small town of Wasilla, Palin fired the longtime local police chief.
The former police chief, Irl Stambaugh says he was fired because he stepped
on the toes of Palin's campaign contributors, including bar owners and
the National Rifle Association." ... "Stambaugh's lawyer, William Jermain,
says the chief tried to move up the closing hours of local bars from 5
a.m. to two a.m. after a spurt of drunk driving accidents and arrests."
... ""His crackdown on that practice by the bars was not appreciated by
her and that was one reason she terminated Irl," said Jermain." (1, 2)
-By Brian Ross and Joseph Rhee
-ABCNEWS.com
-
Sarah
Palin -
John
McCain -
Ted
Stevens -
Federal
- Money
-
Legislative
-
Politics
-
Alaska
-
Arizona
-
2008
Election
"McCain
had criticized earmarks from Palin." ... "Three times
in recent years, [2008 Election Republican Presidential Candidate John]
McCain's catalogs of "objectionable" spending have included earmarks for
this small Alaska town [Wasilla], requested by its mayor at the time --
[Republican Politician] Sarah Palin." ... "Now, McCain, the likely Republican
presidential nominee, has chosen Palin as his running mate, touting her
as a reformer just like him." ... "But records show that Palin -- first
as mayor of Wasilla and recently as governor of Alaska -- was far from
shy about pursuing tens of millions in earmarks for her town, her region
and her state." ... "This year, Palin, who has been governor for nearly
22 months, defended earmarking as a vital part of the legislative system.
"The federal budget, in its various manifestations, is incredibly important
to us, and congressional earmarks are one aspect of this relationship,"
she wrote in a newspaper column." ... "Wasilla had received few if any
earmarks before Palin became mayor. She actively sought federal funds --
a campaign that began to pay off only after she hired a lobbyist with close
ties to [Alaska Republican Senator]] Sen. Ted Stevens (R[Republican]-Alaska),
who long controlled federal spending as chairman of the Senate Appropriations
Committee. He made funneling money to Alaska his hallmark." ... "This year
she submitted to Congress a list of Alaska projects worth $197.8 million,
including $2 million to research crab productivity in the Bering Sea and
$7.4 million to improve runway lighting at eight Alaska airports." ...
""So while Sen. McCain was going after cutting earmarks in Washington,"
said Steve Ellis of Taxpayers for Common Sense, "Gov. Palin was going after
getting earmarks."" -By Tom Hamburger, Richard Simon
and Janet Hook -LAtimes
via -ChicagoTribune
-
Sarah
Palin -
Karl
Rove -
Woman
- Politics
-
2008
Election
Watch
- "Sarah
Palin Gender Card: We should not even be talking
about [2008 Election Republican Presidential Candidate] Sarah Palin because
it's sexist." [Jon Stewart on Republican's woman politics: Karl Rove, Bill
O'Reilly, Dick Morris, and Nancy Pfotenhauer]
-TheDailyShow.com
_2008
News News Reference September
2008 News
September 2, 2008 News URL: #September-2-2008-News
20080902
Tuesday
-
Sarah
Palin - US
-
Iraq
-
Foreign
-
Military
-Terrorism
-
Politics
-
Alaska
-
Massachusetts
-
2004
Election -
2008
Election
"Palin's
Church May Have Shaped Controversial Worldview."
... "A review of recorded sermons
by Ed Kalnins, the senior pastor of Wasilla Assembly of God [Wasilla, Alaska]
since 1999, offers a provocative and, for some, eyebrow-raising sketch
of [2008 Election Republican Presidential Candidate Sarah] Palin's longtime
spiritual home." ... "In his sermons, Kalnins did not hide his affections
for certain national politicians." ... "During the 2004 election season,
he praised [Republican] President Bush's performance during a debate with
[2004 Election Democratic Presidential Candidate and Massachusetts Senator]
Sen. John Kerry, then offered a not-so-subtle message about his personal
candidate preferences. "I'm not going tell you who to vote for, but if
you vote for this particular person, I question your salvation. I'm sorry."
Kalnins added: "If every Christian will vote righteously, it would be a
landslide every time."" ... "Months after hinting at possible damnation
for Kerry supporters, Kalnins bristled at the treatment President Bush
was receiving over the federal government's handling of Hurricane Katrina.
"I hate criticisms towards the President," he said, "because it's like
criticisms towards the pastor -- it's almost like, it's not going to get
you anywhere, you know, except for hell. That's what it'll get you."" ...
"Much of his support for the current administration has come in the realm
of foreign affairs. Kalnins has preached that the 9/11 attacks and the
invasion of Iraq were part of a "world war" over the Christian faith, one
in which Jesus Christ had called upon believers to be willing to sacrifice
their lives."
"What you see in a terrorist -- that's called the invisible enemy. There has always been an invisible enemy. What you see in Iraq, basically, is a manifestation of what's going on in this unseen world called the spirit world. ... We need to think like Jesus thinks. We are in a time and a season of war, and we need to think like that. We need to develop that instinct. We need to develop as believers the instinct that we are at war, and that war is contending for your faith. ... Jesus called us to die. You're worried about getting hurt? He's called us to die. Listen, you know we can't even follow him unless you are willing to give up your life. ... I believe that Jesus himself operated from that position of war mode. Everyone say "war mode." Now you say, wait a minute Ed, he's like the good shepherd, he's loving all the time and he's kind all the time. Oh yes he is -- but I also believe that he had a part of his thoughts that knew that he was in a war."... "In his sermons, Pastor Kalnins has also expressed beliefs that, while not directly political, lie outside of mainstream Christian thought." ... "He preaches repeatedly about the "end times" or "last days," an apocalyptic prophesy held by a small but vocal group of Christian leaders. During his appearance with Palin in June, he declared, "I believe Alaska is one of the refuge states in the last days, and hundreds of thousands of people are going to come to the state to seek refuge and the church has to be ready to minister to them."" ... "He also claims to have received direct "words of knowledge" from God, providing him information about past events in other people's lives." -By Nico Pitney and Sam Stein -HuffingtonPost.com
-
Sarah
Palin -
Ted
Stevens -
Don
Young -
Federal
- Money
-
Politics
-
Alaska
- Oil
-
Law
-
2008
Election
"Palin's
earmark requests: more per person than any other state:
GOP [GOP=Grand Old Party=Republican] vice presidential candidate Alaska
[Governor] Gov. Sarah Palin touts her record as a reformer who worked to
end the "abuses of earmark spending in Congress." But Palin has embraced
earmarks from early on in her career as a mayor of Wasilla [Alaska] to
the governor's mansion in Juneau [Alaska's capital]. Just this year she
sent to [Alaska Republican Senator] Sen. Ted. Stevens a proposal for 31
earmarks totaling $197 million — more, per person, than any other state."
... "Palin's requests to Congress came at a time of huge federal deficits,
while Alaska state revenue was soaring due to rising oil prices and a major
tax increase on oil production that Palin signed into law in late 2007."
... "As a result, Alaska this year was in such a money-flushed condition
— with no state income tax or sales tax and total state revenues of $10
billion, double the previous year's — that Palin gained legislative approval
for $1,200 cash payments to every Alaskan." ... "In addition, each Alaska
resident gets an annual dividend check, about $2,000 this year, from Alaska's
oil-wealth savings account, known as the Permanent Fund, now fattened to
more than $35 billion." ... ""She was hungry for earmarks just like everybody
else," said Larry Persily, who worked at the Alaska state office in Washington,
D.C., until earlier this year. "Everyone was feeding at the trough."" ...
"Before she left office, Wasilla, with aid of the lobbyist and the blessing
of Stevens and [Alaska Republican Representative] Rep. Don Young, got $27
million in earmarks, according to the nonpartisan Taxpayers for Common
Sense." ... "During her fall 2006 campaign for governor, Palin appeared
to embrace the so-called "Bridge to Nowhere," even after Alaska had been
held up for ridicule by McCain and others for what was seen as a wasteful
boondoggle, a $233 million bridge that would replace ferry service connecting
[Alaska's] Gravina Island and its Ketchikan airport to mainland Ketchikan
[Alaska]." ... "In a debate, Palin said she would fight for the earmark
to build the bridge." ... "Last year, Palin requested $254 million in earmarks[....]"
-By Hal Bernton and David Heath-SeattleTimes
-
John
McCain -
Military
- Politics
-
Ads
- US
-
Vietnam
- History
-
2008
Election
Watch
- "Former
POW says McCain is "not cut out to be President"."
... "[2008 Election Republican Presidential Candidate] John McCain has
been exploiting his prisoner of war experience every chance he gets. He
has used this story to justify everything from not knowing how many homes
he has to his healthcare plan to his marital infidelities to his taste
in music. The McCain campaign is even using his POW story in paid ads.
But now a veteran who was a prisoner with McCain in Vietnam is explaining
loud and clear that being a POW does not qualify McCain to lead our country."
... "We are sure this video will draw an onslaught of right-wing attacks,
but we bring it to you because it is our job to continue to convey the
truth together and give these issues national attention. As Dr.
Butler has said, McCain does not have the temperament to have his
finger near the red button. Get this video to everyone you know—friends,
family members, coworkers, and especially those who don't share your political
views. The video is designed to reach them. Get it on your social networking
sites like Digg. And get it to every blog, newspaper, and TV station that
has ever overplayed McCain's POW story. It is time to fight back with truth!"
... "The mainstream press has already begun to call out McCain for overusing
his POW story. And it's cut across all political persuasions. * "Whether
he's deflecting criticism over his health-care plan or mocking a tribute
to the Woodstock music festival, Senator John McCain has a trump card:
the Hanoi Hilton. — Edwin Chen, Bloomberg * "Noun, Verb, POW" — Andrew
Sullivan, The Atlantic Monthly * "The McCain campaign's constant invocation
of the candidate's POW past is weird bordering on irrational..." — Ana
Marie Cox, TIME * "I think they are going to it way too many times." —
Howard Fineman, Newsweek" ... "Remember how Joe Biden got the press to
refer to Rudy Giuliani as "A noun, a verb, and 9/11"? Well, let's actually
take Andrew Sullivan's lead here and get the media to boil McCain down
to a similar phrase: "A noun, a verb, and POW." Considering how often the
McCain campaign invokes his POW story, isn't that what they're already
doing?" -BraveNewPac
-BraveNewFilms.org
-
Sarah
Palin -
John
McCain -
Don
Young -
Ted
Stevens - Illegal
-
Federal
- Money
-
Politics
-
Alaska
-
Transportation
-
Construction
-
Arizona
-
2008
Election
"Palin's
Small Alaska Town Secured Big Federal Funds." ...
"Alaska [Republican Governor] Gov. Sarah Palin employed a lobbying firm
to secure almost $27 million in federal earmarks for a town of 6,700 residents
while she was its mayor, according to an analysis by an independent government
watchdog group." ... "There was $500,000 for a youth shelter, $1.9 million
for a transportation hub, $900,000 for sewer repairs, and $15 million for
a rail project -- all intended to benefit Palin's town, Wasilla [Alaska],
located about 45 miles north of Anchorage [Alaska]." ... "In introducing
Palin as his running mate on Friday, [2008 Election Republican Presidential
Candidate and Arizona Senator] Sen. John McCain cast her as a compatriot
in his battle against wasteful federal spending." ... "As mayor of Wasilla
[Alaska], however, Palin oversaw the hiring of Robertson, Monagle &
Eastaugh, an Anchorage[ Alaska]-based law firm with close ties to Alaska's
most senior Republicans: [Alaska Republican Representative] Rep. Don Young
and [Alaska Republican Senator] Sen. Ted Stevens, who was indicted in July
on charges of accepting illegal gifts. The Wasilla account was handled
by the former chief of staff to Stevens, Steven W. Silver, who is a partner
in the firm." (1, 2)
-By Paul Kane -WashingtonPost
-
Sarah
Palin -
Alaska
-
2008
Election - Politics
"Founder
Of Group Palin Courted Professed "Hatred For The American Government";
Cursed "Damn Flag"." ... "The founder of the Alaska
Independence Party -- a group that has been courted over the years by [2008
Election Republican Vice Presidential Candidate and Alaska Governor] Sarah
Palin, and one her husband was a member of for roughly seven years -- once
professed his "hatred for the American government" and cursed the American
flag as a "damn flag."" ... "The AIP founder, Joe Vogler, made the comments
in 1991, in an interview that's now housed at the Oral History Program
in the Rasmuson Library at the University of Alaska, Fairbanks." ... ""The
fires of hell are frozen glaciers compared to my hatred for the American
government," Vogler said in the interview, in which he talked extensively
about his desire for Alaskan secession, the key goal of the AIP." ... ""And
I won't be buried under their damn flag," Vogler continued in the interview,
which also touched on his disappointment with the American judicial system.
"I'll be buried in Dawson. And when Alaska is an independent nation they
can bring my bones home."" ... "At another point, Volger advocated renouncing
allegiance to the United States. In the course of denouncing Federal regulation
over land, he said:" ... ""And then you get mad. And you say, the hell
with them. And you renounce allegiance, and you pledge your efforts, your
effects, your honor, your life to Alaska."" ... "You can listen to audio
of the relevant section of the Volger interview here."
... "Palin has courted the group over the years." ... "Three years after
the controversial interview, in 1994, Palin attended the group's annual
convention, according to witnesses
who spoke to ABC News' Jake Tapper." ... "The [2008 Election Republican
Presidential Candidate John] McCain campaign has confirmed she visited
the group's 2000 convention, and she addressed
its convention this year [2008], as an incumbent governor whose oath of
office includes upholding the Constitution of the United States." ... "Palin's
husband, Todd Palin, was
a member of the party from 1995-2002 with a brief exception in 2000."
-By Greg Sargent -TPMElectionCentral
.TalkingPointsMemo
-
Sarah
Palin -
2008
Election
Watch - "CBS
reports on Palin vetting." ... "CBS reports on Sarah
Palin's vetting process and her controversial issues."
-CBSNews via YouTube
_2008
News News Reference September
2008 News
September 1, 2008 News URL: #September-1-2008-News
20080901
Monday
-
Sarah
Palin -
Federal
- Money
-
Politics
-
Alaska
-
Transportation
-
Construction
-
2008
Election
"Palin
Received Millions In Earmarks, Clouding Reformer Image."
... "The presentation of [2008 Election Republican Vice Presidential Candidate
Sarah] Palin as an anti-earmark, fiscally conscious pol is challenged by
a review of recent political records. As mayor of Wasilla, Alaska, she
hired the firm of Hoffman Silver Gilman & Blasco to help secure spending
projects for her town. The expenditure apparently paid off. From 2000 through
2002, Wasilla received more than $5.5 million in federal cash for transportation
and social service projects." ... "The use of the earmark system that --
as a vice presidential candidate -- Palin now criticizes continued into
her tenure as governor. As the
Los Angeles Times reported, the state of Alaska requested 31 earmarks
worth $197.8 million for next year's federal budget. And according to Citizens
Against Government Waste, Alaska received $379,669,715 in pork during fiscal
year 2008, nearly $100 million more than any other state."
-By
Sam
Stein -HuffingtonPost.com
-
Sarah
Palin -
Ted
Stevens -
John
McCain - Corporate
-
Politics
-
Government
-
Alaska
-
Arizona
-
2008
Election
"Palin
Was a Director of Embattled Sen. Stevens's 527 Group."
... "Alaska [Republican Governor] Gov. Sarah Palin began building clout
in her state's political circles in part by serving as a director of an
independent political group organized by the now embattled Alaska [Republican
Senator] Sen. Ted Stevens." ... "Palin's name is listed on 2003 incorporation
papers of the "Ted Stevens Excellence in Public Service, Inc.," a 527 group
that could raise unlimited funds from corporate donors. The group was designed
to serve as a political boot camp for Republican women in the state. She
served as one of three directors until June 2005, when her name was replaced
on state filings." ... "Palin's relationship with Alaska's senior senator
may be one of the more complicated aspects of her new position as [2008
Election Republican Presidential Candidate and Arizona Senator] Sen. John
McCain's running mate; Stevens was indicted in July 2008 on seven counts
of corruption." ... "At the time Stevens revealed the existence of the
527 group -- a type of independent political corporation named for its
the section of the tax code -- ethics experts questioned whether it was
appropriate." ... "The Capitol Hill newspaper Roll Call reported that several
experts called the group an example of the fine legal line between a legal
effort to conduct political activity and then-new prohibitions against
raising unlimited soft-money." ... "Board members of Ted Stevens Excellence
in Public Service were legally allowed to raise as much money as they wanted
from corporations or unions or unlimited donations from individuals --
all of which would have been illegal for Stevens to do himself." -By
Paul Kane -WashingtonPost
-
Sarah
Palin -
John
McCain -
Ted
Stevens -
Federal
- Legislative
-
Money
-
Politics
-
Alaska
-
2008
Election
"Palin
relied on earmark system she now opposes." ... "Alaska
[Republican Governor] Gov. Sarah Palin presents herself as an ally of [2008
Election Republican] presidential candidate John McCain when it comes to
curbing wasteful government spending." ... "On Friday, when McCain introduced
her as his running mate, she said she "championed reform to end the abuses
of earmark spending," the legislative technique used to slip projects into
appropriations bills without rigorous congressional review." ... "But under
her leadership, the state of Alaska has requested 31 earmarks worth $197.8
million in next year's federal budget, according to the website of [Alaska
Republican Senator] Sen. Ted Stevens (R[Republican]-Alaska), the former
chairman of the Senate Appropriations Committee." ... "Palin has recently
been publicly critical of requests made in past years by Stevens and others
for $223 million in federal funds for a bridge from Ketchikan, Alaska,
to Gravina Island, calling it "the Bridge to Nowhere," a derogatory label
critics attached to the project." ... "As a candidate for governor in 2006,
she backed funding for the bridge." -By Tom Hamburger
-LAtimes
Sarah
Palin - US
-
Foreign
-
Military
-
2008
Election
Watch - "Tucker
Bounds on Palin's National Security Experience."
... "Campbell Brown interviews Tucker Bounds on [2008 Election Republican
Vice Presidential Candidate] Sarah Palin's national security experience"
-CNN via
-TPMTV
.TalkingPointsMemo
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