Jack Abramoff: Congress is hopelessly corrupt

(By Jack Abramoff):  As I built what became the nation’s largest individual lobbying practice — with 40 employees at its peak — I remained the only lobbyist in the firm who had not previously worked on Capitol Hill. Former Congress members and staff are everywhere on K Street, the lair of the lobbying world. Why? Because they have access.

That access was crucial to our lobbying efforts. If we couldn’t get in the door, we couldn’t present our client’s case to decision makers. Hill veterans also had expertise. They knew the Byzantine legislative process and how to make it work for clients. Access and expertise: That’s how the great lobbying machines work.

But that’s not all.

I had many arrows in my lobbyist quiver to endear our firm to Congress: two fancy Washington restaurants that became virtual cafeterias for congressional staff, the best seats to every sporting event and concert in town, private planes at the ready to whisk members and staff to exotic locations, millions of dollars in campaign contributions ready for distribution. We had it all. But even with these corrupting gifts, nothing beat the revolving door.

During my time lobbying, I found that the vast majority of congressional staff I encountered wanted to get a job on K Street. And why not? Their jobs on the Hill were only as secure as their boss’s re-election prospects. Even then, they were never certain when they would encounter an office purge. The other side of the rainbow — K Street — was heavenly. Salaries were much higher. Perks were abundant. And lobbying is a growth industry, no matter which party is in office. As young staff members got married and had children, making the jump to K Street was often on their minds.

As I cultivated relationships on the Hill, or as the firm’s lobbyists transformed their congressional friends into champions for our clients, I noticed the staff members craved a job on K Street far more than a fancy meal or a Washington Redskins ticket.

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Read more at Bloomberg.com HERE.

The fruits of international socialism: the EU bans advertising that water prevents dehydration

Brussels bureaucrats were ridiculed yesterday after banning drink manufacturers from claiming that water can prevent dehydration.

(By Victoria Ward and Nick Collins):  EU officials concluded that, following a three-year investigation, there was no evidence to prove the previously undisputed fact.

Producers of bottled water are now forbidden by law from making the claim and will face a two-year jail sentence if they defy the edict, which comes into force in the UK next month.

Last night, critics claimed the EU was at odds with both science and common sense. Conservative MEP Roger Helmer said: “This is stupidity writ large.

“The euro is burning, the EU is falling apart and yet here they are: highly-paid, highly-pensioned officials worrying about the obvious qualities of water and trying to deny us the right to say what is patently true.

“If ever there were an episode which demonstrates the folly of the great European project then this is it.”

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Read more at the Telegraph HERE.

80% of ‘Green Energy’ Loans Went to Top Obama Donors

(By Wynton Hall):  With Energy Secretary Steven Chu set to testify Thursday before the House Energy and Commerce Committee about the government’s $573 million loan to failed solar panel maker Solyndra, an explosive new list of energy loan amounts to President Obama’s top fundraisers, bundlers, and supporters has been released by Breitbart editor Peter Schweizer, author of Throw Them All Out.

As the list reveals, 80 percent of all $20.5 billion in Department of Energy loans went to President Obama’s top donors. Furthermore, some of those dwarf in size those given to Obama bundler George Kaiser, owner of the now defunct Solyndra.

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Read more at BigGovernment.com HERE.

Decision time for the GOP

By Joe Miller.  The congressional super-committee, according to a story in the Washington Post, is creating an “identity crisis” within the Republican Party.  During the 2010 elections, Republicans promised to come to Washington D.C. and fight the proponents of big government, crony capitalism, and socialism.  Although some have stuck to their guns, most notably the courageous few who voted against the debt ceiling increase, Republicans have pretty much failed to deliver.

Instead, the GOP-controlled House – the body constitutionally authorized to raise and spend revenue –  increased the debt ceiling to the tune of $2.1 trillion.  This same Republican majority originally promised spending cuts, but we’ve found that these promised cuts are off the “projected increases” in the budget and do not amount to any real reductions.  It is sad to observe just how easy it is to abandon principles in the name of political expediency.  One day, Republicans are rightfully bashing Energy Department loans attached to the stimulus program and the next they are writing letters asking for loans to their district.

The budget super-committee creates another decision point for the GOP, and it is already beginning to look like principles will be compromised yet again.  Leading Republican members of the super-committee have, as the Washington Post reports, “lobbied party colleagues behind the scenes to forgo their old allegiances and even break campaign promises by embracing hundreds of billions of dollars in tax hikes.”  This is extremely disappointing for us in the grassroots, to say the least.  I’m sure that along with these tax increases, these Republicans will also guarantee “significant spending reductions.”  However, if the past is a guide, such promises are likely hollow.

It is time to do what is right over doing what is easy.  It is time to stop “crossing the aisle” just for the sake of doing so.  It is time to practice conservative principles or allow somebody in your place who will.  The Republican Party establishment must come to the understanding that paying lip-service to the grassroots during campaign season and then rushing to Washington to compromise with the likes of John Kerry is over.

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Will the GOP Establishment Blow It by Picking Romney?

(By Thomas Sowell):  Justice Oliver Wendell Holmes said that a good catch phrase could stop thinking for 50 years. One of the often-repeated catch phrases of our time — “It’s the economy, stupid!” — has already stopped thinking in some quarters for a couple of decades.

There is no question that the state of the economy can affect elections. But there is also no iron law that all elections will be decided by the state of the economy.

President Franklin D. Roosevelt was re-elected for an unprecedented third term after two terms in which unemployment was in double digits for eight consecutive years.

We may lament the number of people who are unemployed or who are on food stamps today. But those who give the Obama administration credit for coming to their rescue when they didn’t have a job are likely to greatly outnumber those who blame the administration for their not having a job in the first place.

An expansion of the welfare state in hard times seems to have been the secret of FDR’s great political success in the midst of economic disaster. An economic study published in a scholarly journal in 2004 concluded that the Roosevelt administration’s policies prolonged the Great Depression by several years. But few people read economic studies.

This economy has been sputtering along through most of the Obama administration, with the unemployment rate hovering around 9 percent. But none of that means that Barack Obama is going to lose the 2012 election.

Even polls which show “any Republican” with more public support than Obama does not mean that Obama will lose.

The president is not going to run against “any Republican.” He is going to run against some specific Republican, and that Republican can expect to be attacked, denounced and denigrated for months on end before the November 2012 elections — not only by the Democrats, but also by the media that is heavily pro-Democrat.

We have already seen how unsubstantiated allegations from women with questionable histories have dropped Herman Cain from front runner to third place in just a couple of weeks.

In short, it takes a candidate to beat a candidate, and everything depends on what kind of candidate that is.

The smart money inside the Beltway says that the Republicans need to pick a moderate candidate who can appeal to independent voters, not just to the conservative voters who turn out to vote in Republican primaries. Those who think this way say that you have to “reach out” to Hispanics, the elderly and other constituencies.

What is remarkable is how seldom the smart money folks look at what has actually been happening in presidential elections.

Ronald Reagan won two landslide elections when he ran as Ronald Reagan. Vice President George H.W. Bush then won when he ran as if he were another Ronald Reagan, with his famous statement, “Read my lips, no new taxes.”

But after Bush 41 was elected and turned “kinder and gentler” — to everyone except the taxpayers — he lost to an unknown governor from a small state.

Other Republican presidential candidates who went the “moderate” route — Bob Dole and John McCain — also came across as neither fish nor fowl, and also went down to defeat.

Now the smart money inside the Beltway is saying that Mitt Romney, who is nothing if not versatile in his positions, is the Republicans’ best hope for replacing Obama.

If conservative Republicans split their votes among a number of conservative candidates in the primaries, that can mean ending up with a presidential candidate in the Bob Dole-John McCain mold — and risking a Bob Dole-John McCain result in the next election.

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Read more at RealClearPolitics.com HERE.

Is money’s deep role in politics the root of our woes?

(By Gergen/Zuckerman at CNN.com): This past Sunday’s “60 Minutes” and the latest issue of Newsweek bring back to the fore the complicated issue of money and politics. Both highlight a new book by Peter Schweizer, “Throw Them All Out,” which rails against what Schweizer calls “honest graft.”

Schweizer charges that leaders from both houses of Congress have been drawing on insider knowledge to make money in the stock market — a practice that is banned in American industry and restricted in other sectors of government.  And although he is a conservative at the Hoover Institution, Schweizer is an equal opportunity scourge, attacking both Democratic and Republican leaders.

Democratic leader Nancy Pelosi and Republican speaker John Boehner have fired back, asserting that Schweizer has misrepresented them and they have done nothing wrong. Until competent legal authorities investigate, both deserve the benefit of the doubt. The public does, of course, deserve a more thorough airing of the facts. Equally important, Congress ought to have rules about conflicts of interest that are as demanding as those for people who work in the executive and judicial branches; so far, Congress skates free.

But whatever the rebuttals from Capitol Hill, this controversy underscores a deepening sense that money plays far too large a role in politics. If anything unites the tea party and the Occupy Wall Street protesters, surely it is the sense that the system is rigged in favor of big shots in Washington and against little guys back home. Money is at the heart of it.

A new book that should receive far more attention makes an even more sweeping and thoroughly researched case against money in politics — “Republic, Lost: How Money Corrupts Congress — and a Plan to Stop It,”  by Harvard law professor Lawrence Lessig.

The author is a man of many parts: Lessig made his name as a legal theorist in issues surrounding new technologies, but he also has a keen interest in politics. He was the youngest member of the Pennsylvania delegation that nominated Ronald Reagan at the Republican convention in 1980, clerked for conservative Supreme Court Justice Antonin Scalia, and later endorsed his friend and former University of Chicago Law School colleague Barack Obama for president.

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Read more at CNN HERE.

Crony Capitalism and Government Protected Mortgage Giants

By Joe Miller.  Yesterday, top executives at Fannie Mae and Freddie Mac defended exorbitant $16 million pay bonuses for themselves even though they presided over epoch failures of their agencies.

By way of background, Fannie Mae and Freddie Mac are ground zero of the current financial crisis because of their government insured positions as a “mortgage backstop.”  Long story short, Fannie Mae and Freddie Mac performed the duty of garbage dump when the big banks decided that they could no longer hold onto worthless mortgage securities.  In the interest of the federal government’s desire to artificially increase American home ownership, these two GSE’s (government sponsored enterprises) were allowed to drown in billions of dollars of debt.

As a result, the American taxpayer – already the de facto owners of Fannie and Freddie – coughed up at least $170 billion in order to bail out the two firms since 2008.  Knowing how accounting is done in Washington, the actual taxpayer bail-out will likely be several times this.   In essence, as with many other bailed out institutions, Fannie and Freddie are on life-support, similar to the zombie banks of Japan in the mid-90s.

Those who track the daily activities of Washington D.C. aren’t surprised to see millions of dollars being paid out to those at the top of these zombie firms.   Nearly $13 million will be paid out to just ten Fannie and Freddie executives this year.  These exorbitant bonuses can’t be based on exceptional performance as Fannie and Freddie are presently almost entirely dependent on taxpayer funds for their mere survival.

In the private sector, entities go out of business if they cannot come to terms with their debt and obligations, and that’s the way it should be.  But in the DC climate, the rules of economics are often corrupted in order to benefit the politically connected.  Some call this “crony capitalism.”

Obviously, this is not the first time that millions of dollars have found their way into the pockets of those with the right friends in high places.  A quick look at the stories concerning former Fannie and Freddie executives Franklin Raines and Jamie Gorelick reveal that running a business into the ground with the federal government’s blessing is often a real positive for the personal balance sheet.  Gorelick took in nearly $24,000,000 during her federal tenure while Raines raked in a cool $90,000,000.

Raines has even been accused by an oversight agency of aiding in accounting errors and hiding losses in order to recoup large bonuses.   Both Gorelick and Raines were high ranking officials in the Clinton administration, and to this day nothing has come of their unbelievable conduct while at Fannie and Freddie.  But that’s the way it works for some in America.

In order to truly end the corruption in Washington D.C. that has caused the taxpayer billions of dollars and has unraveled the fabric of our republic, there must be widespread replacement of those in power.  The entrenched political class, who protect their friends with power and influence, simply has to go.  This is why we need candidates and office holders who are willing to fight the tough fight and who refuse to “go along to get along.”  Calling all Andrew Jacksons …

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Video: Al Gore’s Global Warming Lies Exposed

The lies of Al Gore about Global Warming are Exposed in this important video. I hope you will consider sharing it with others.

Tea Party still hunting for its champion

By Michael Levenson & Matt Viser – Tea Party activists have time, energy, and a ready-made volunteer army to devote to the presidential campaign. Now, if they could only find a candidate.

Michele Bachmann, Rick Perry, and, more recently, Herman Cain have captured the hearts of Tea Party activists and religious conservatives, but none has so far been able to consolidate and sustain that backing. Their see-sawing support has some in the movement beginning to worry that Mitt Romney – the favorite of many in the GOP establishment, but a candidate the Tea Party has kept at arm’s length – will capture the nomination.

“That absolutely creates, for leadership in the Tea Party movement, strategic problems,’’ said Joe Miller, a former US Senate candidate from Alaska who now leads a group, Western Representation PAC, whose stated goal is defeating Romney. “We’re not seeing anything other than a fracturing right now of the vote.’’

This was supposed to be the Tea Party’s year to rock the Republican primary. After helping Republicans capture the majority in the US House in the 2010 mid-term elections,Tea Party activists were expected to play a pivotal role in helping to select the party’s presidential nominee.

And they have plenty of candidates to choose from: Bachmann started the congressional Tea Party Caucus. Cain has been speaking at Tea Party rallies since 2009. Ron Paul has been called the “grandfather of the Tea Party.’’ And Perry wrote “Fed Up!’’ an anti-Washington, Tea Party manifesto.

Yet Romney, a candidate many in the movement view as too timid and too moderate, has consistently stayed near the front of the pack, buoyed by a well-funded campaign, major endorsements, smooth debate performances, and a sense of inevitability surrounding his second run for the nomination.

Tea Party activists and religious conservatives, however, contend a crucial factor plays in their favor: Romney cannot seem to tally more than 20-25 percent support in national polls, meaning almost 80 percent of the vote is still in play. As the field inevitably narrows, they say, their potent forces will unite behind one alternative to the former Massachusetts governor.

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Read more at Boston.com HERE.

Ron Paul thinks now is the time to make his move

By Kim Geiger.  Fresh off a $2 million-plus fundraising day, Ron Paul is planning an advertising blitz in four early voting states in an effort to build momentum for his 2012 presidential bid.

The Texas congressman is a longshot for the GOP nomination. Paul’s support in the polls has hovered in the single digits and low teens for the entire campaign. But he’s managed to draw heavily on grassroots fundraising, making him the third-ranking fundraiser in the GOP field.

Paul’s campaign thinks now is the time to spend big.

The strategy, according to spokesman Jesse Benton, is to get on the airwaves now, while they’re quiet.

“We also think other candidates aren’t going [on the air] right now,” Benton said. “There’s going to be a certain din toward the end where you’re going to have outside expenditures – it’s going to be a little harder to get the message heard.”

Paul will be the first of the GOP presidential candidates to come out with a major ad campaign. He’ll spend more than $2 million over the next four weeks, much of it on television advertising. The ads will air in Iowa and New Hampshire as well as South Carolina and Nevada. (Videos below.)

One ad calls Paul “a visionary who predicted the financial crisis.” Another warns that “America is in trouble,” and casts Paul as the only consistent candidate in the race.

Paul has run for president twice before – as a Libertarian in 1988 and as a Republican in 2008 – and has generally been dismissed as a fringe candidate. But if there was ever a time that Paul’s message might gain traction, now seems to be it, as voters appear dissatisfied with the political establishment and the weak GOP primary field.

On Monday, Paul unveiled his “Plan to Restore America,” which would, among other things, cut $1 trillion from the federal government in one year, eliminate five cabinet departments, and lower the corporate tax rate to 15%. As a symbolic gesture, the plan cuts the president’s salary from $400,000 to $39,336, the average median income of an American worker.

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Read more at the Los Angeles Times HERE.