Read This Blog in 9 Different Languages

Wednesday, October 22, 2008

Gov. Sarah Palin charged the state for her children to travel with her

ANCHORAGE, Alaska — Gov. Sarah Palin charged the state for her children to travel with her, including to events where they were not invited, and later amended expense reports to specify that they were on official business.

The charges included costs for hotel and commercial flights for three daughters to join Palin to watch their father in a snowmobile race, and a trip to New York, where the governor attended a five-hour conference and stayed with 17-year-old Bristol for five days and four nights in a luxury hotel.

In all, Palin has charged the state $21,012 for her three daughters' 64 one-way and 12 round-trip commercial flights since she took office in December 2006. In some other cases, she has charged the state for hotel rooms for the girls.

Alaska law does not specifically address expenses for a governor's children. The law allows for payment of expenses for anyone conducting official state business.

As governor, Palin justified having the state pay for the travel of her daughters — Bristol, 17; Willow, 14; and Piper, 7 — by noting on travel forms that the girls had been invited to attend or participate in events on the governor's schedule.

But some organizers of these events said they were surprised when the Palin children showed up uninvited, or said they agreed to a request by the governor to allow the children to attend.

Several other organizers said the children merely accompanied their mother and did not participate. The trips enabled Palin, whose main state office is in the capital of Juneau, to spend more time with her children.

"She said any event she can take her kids to is an event she tries to attend," said Jennifer McCarthy, who helped organize the June 2007 Family Day Celebration picnic in Ketchikan that Piper attended with her parents.

State Finance Director Kim Garnero told The Associated Press she has not reviewed the Palins' travel expense forms, so she could not say whether the daughters' travel with their mother would meet the definition of official business.

On Aug. 6, three weeks before Republican presidential nominee Sen. John McCain chose Palin his running mate, and after Alaska reporters asked for the records, Palin ordered changes to previously filed expense reports for her daughters' travel.

In the amended reports, Palin added phrases such as "First Family attending" and "First Family invited" to explain the girls' attendance.

"The governor said, 'I want the purpose and the reason for this travel to be clear,'" said Linda Perez, state director of administrative services.

When Palin released her family's tax records as part of her vice presidential campaign, some tax experts questioned why she did not report the children's state travel reimbursements as income.

The Palins released a review by a Washington attorney who said state law allows the children's travel expenses to be reimbursed and not taxed when they conduct official state business.

Taylor Griffin, a McCain-Palin campaign spokesman, said Palin followed state policy allowing governors to charge for their children's travel. He said the governor's office has invitations requesting the family to attend some events, but he said he did not have them to provide.

In October 2007, Palin brought daughter Bristol along on a trip to New York for a women's leadership conference. Plane tickets from Anchorage to La Guardia Airport for $1,385.11 were billed to the state, records show, and mother and daughter shared a room for four nights at the $707.29-per-night Essex House hotel, which overlooks Central Park.

The event's organizers said Palin asked if she could bring her daughter.

Alexis Gelber, who organized Newsweek's Third Annual Women & Leadership Conference, said she does not know how Bristol ended up attending. Gelber said invitees usually attend alone, but some ask if they can bring a relative or friend.

Griffin, the campaign spokesman, said he believes someone with the event personally sent an e-mail to Bristol inviting her, but he did not have it to provide. Records show Palin also met with Mayor Michael Bloomberg and Goldman Sachs representatives and visited the New York Stock Exchange.

In January, the governor, Willow and Piper showed up at the Alaska Symphony of Seafood Buffet, an Anchorage gala to announce winners of an earlier seafood competition.

"She was just there," said James Browning, executive director of Alaska Fisheries Development Foundation, which runs the event. Griffin said the governor's office received an invitation that was not specifically addressed to anyone.

When Palin amended her children's expense reports, she listed a role for the two girls at the function — "to draw two separate raffle tickets."

In the original travel form, Palin listed a number of events that her children attended and said they were there "in official capacity helping." She did not identify any specific roles for the girls.

In July, the governor charged the state $2,741.26 to take Bristol and Piper to Philadelphia for a meeting of the National Governors Association. The girls had their own room for five nights at the Ritz-Carlton Hotel for $215.46 a night, expense records show.

Expense forms describe the girls' official purpose as "NGA Governor's Youth Programs and family activities." But those programs were activities designed to keep children busy, a service provided by the NGA to accommodate governors and their families, NGA spokeswoman Jodi Omear said.

In addition to the commercial flights, the children have traveled dozens of times with Palin on a state plane. For these flights, the total cost of operating the plane, at $971 an hour, was about $55,000, according to state flight logs. The cost of operating the state plane does not increase when the children join their mother.

The organizer of an American Heart Association luncheon on Feb. 15 in Fairbanks said Palin asked to bring daughter Piper to the event, and the organizer said she was surprised when Palin showed up with daughters Willow and Bristol as well.

The three Palin daughters shared a room separate from their mother at the Princess Lodge in Fairbanks for two nights, at a cost to the state of $129 per night.

The luncheon took place before Palin's husband, Todd, finished fourth in the 2,000-mile Iron Dog snowmobile race, also in Fairbanks. The family greeted him at the finish line.

When Palin showed up at the luncheon with not just Piper but also Willow and Bristol, organizers had to scramble to make room at the main table, said Janet Bartels, who set up the event.

"When it's the governor, you just make it happen," she said.

The state is already reviewing nearly $17,000 in per diem payments to Palin for more than 300 nights she slept at her own home, 40 miles from her satellite office in Anchorage.

Tony Knowles, a Democratic former governor of Alaska who lost to Palin in a 2006 bid to reclaim the job, said he never charged the state for his three children's commercial flights or claimed their travel as official state business.

Knowles, who was governor from 1994 to 2002, is the only other recent Alaska governor who had school-age children while in office.

"There was no valid reason for the children to be along on state business," said Knowles, a supporter of Democratic presidential nominee Barack Obama. "I cannot recall any instance during my eight years as governor where it would have been appropriate to claim they performed state business."

Knowles said he brought his children to one NGA event while in office but didn't charge the state for their trip.

In February 2007, the three girls flew from Juneau to Anchorage on Alaska Airlines. Palin charged the state for the $519.30 round-trip ticket for each girl, and noted on the expense form that the daughters accompanied her to "open the start of the Iron Dog race."

The children and their mother then watched as Todd Palin and other racers started the competition, which Todd won that year. Palin later had the relevant expense forms changed to describe the girls' business as "First Family official starter for the start of the Iron Dog race."

The Palins began charging the state for commercial flights after the governor kept a 2006 campaign promise to sell a jet bought by her predecessor.

Palin put the jet up for sale on eBay, a move she later trumpeted in her star-making speech at the Republican National Convention, and it was ultimately sold by the state at a loss.

That left only one high-performance aircraft deemed safe enough for her to use — a 1980 twin-engine King Air assigned to the public safety agency but, according to flight logs, out of service for maintenance and repairs about a third of the time Palin has been governor.

Wednesday, October 1, 2008

Wall Street Is Licking Its Chops at the Bush Team's Multi-Hundred Billion Dollar Giveaway Plan

Before I lay bare McCain,as in the emperor with no
clothes,having the Bush Administration trot out
Treasury Secretary Henry Paulson (former CEO of Goldman
Sachs who is a primary owner of the Federal Reserve
System as is JPMorganChase)and tell everyone that
unless we give the unscrupulous bankers $700,the
U.S.economy is going to collapse is strangely
similar to what that other Bush flunky did when
he sat at the United Nations and told the world
that unless the U.S. attacked Iraq immediately,
we would all be blown into the Stone Age because
they had weapons of mass destruction.That other
Bush flunky,unless you forget,was no other than
the former trusted General Colin Powell.Now it
seems Henry Paulson has soiled himself in public.


Let William Greider tell the story as only he can:
Wall Street Is Licking Its Chops at the Bush Team's Multi-Hundred Billion Dollar Giveaway Plan


Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: Dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make the public swallow their losses -- many hundreds of billions, maybe much more. What's not to like if you are a financial titan threatened with extinction?



If Wall Street gets away with this, it will represent an historic swindle of the American public -- all sugar for the villains, lasting pain and damage for the victims. My advice to Washington politicians: Stop, take a deep breath and examine what you are being told to do by so-called "responsible opinion." If this deal succeeds, I predict it will become a transforming event in American politics -- exposing the deep deformities in our democracy and launching a tidal wave of righteous anger and popular rebellion. As I have been saying for several months, this crisis has the potential to bring down one or both political parties, take your choice.



Christopher Whalen of Institutional Risk Analytics, a brave conservative critic, put it plainly: "The joyous reception from Congressional Democrats to Paulson's latest massive bailout proposal smells an awful lot like yet another corporatist lovefest between Washington's one-party government and the Sell Side investment banks."



A kindred critic, Josh Rosner of Graham Fisher in New York, defined the sponsors of this stampede to action: "Let us be clear, it is not citizen groups, private investors, equity investors or institutional investors broadly who are calling for this government purchase fund. It is almost exclusively being lobbied for by precisely those institutions that believed they were 'smarter than the rest of us,' institutions who need to get those assets off their balance sheet at an inflated value lest they be at risk of large losses or worse."



Let me be clear. The scandal is not that government is acting. The scandal is that government is not acting forcefully enough -- using its ultimate emergency powers to take full control of the financial system and impose order on banks, firms and markets. Stop the music, so to speak, instead of allowing individual financiers and traders to take opportunistic moves to save themselves at the expense of the system. The step-by-step rescues that the Federal Reserve and Treasury have executed to date have failed utterly to reverse the flight of investors and banks worldwide from lending or buying in doubtful times. There is no obvious reason to assume this bailout proposal will change their minds, though it will certainly feel good to the financial houses that get to dump their bad paper on the government.



A serious intervention in which Washington takes charge would, first, require a new central authority to supervise the financial institutions and compel them to support the government's actions to stabilize the system. Government can apply killer leverage to the financial players: Accept our objectives and follow our instructions or you are left on your own -- cut off from government lending spigots and ineligible for any direct assistance. If they decline to cooperate, the money guys are stuck with their own mess. If they resist the government's orders to keep lending to the real economy of producers and consumers, banks and brokers will be effectively isolated, therefore doomed.



Only with these conditions, and some others, should the federal government be willing to take ownership -- temporarily -- of the rotten financial assets that are dragging down funds, banks and brokerages. Paulson and the Federal Reserve are trying to replay the bailout approach used in the 1980s for the savings and loan crisis, but this situation is utterly different. The failed S&Ls held real assets -- property, houses, shopping centers -- that could be readily resold by the Resolution Trust Corporation at bargain prices. This crisis involves ethereal financial instruments of unknowable value -- not just the notorious mortgage securities but various derivative contracts and other esoteric deals that may be virtually worthless.



Despite what the pols in Washington think, the RTC bailout was also a Wall Street scandal. Many of the financial firms that had financed the S&L industry's reckless lending got to buy back the same properties for pennies from the RTC -- profiting on the upside, then again on the downside. Guess who picked up the tab? I suspect Wall Street is envisioning a similar bonanza -- the chance to harvest new profit from their own fraud and criminal irresponsibility.



If government acts responsibly, it will impose some other conditions on any broad rescue for the bankers. First, take due bills from any financial firms that get to hand off their spoiled assets, that is, a hard contract that repays government from any future profits once the crisis is over. Second, when the politicians get around to reforming financial regulations and dismantling the gimmicks and "too big to fail" institutions, Wall Street firms must be prohibited from exercising their usual manipulations of the political system. Call off their lobbyists, bar them from the bribery disguised as campaign contributions. Any contact or conversations between the assisted bankers and financial houses with government agencies or elected politicians must be promptly reported to the public, just as regulated industries are required to do when they call on government regulars.



More important, if the taxpayers are compelled to refinance the villains in this drama, then Americans at large are entitled to equivalent treatment in their crisis. That means the suspension of home foreclosures and personal bankruptcies for debt-soaked families during the duration of this crisis. The debtors will not escape injury and loss -- their situation is too dire -- but they deserve equal protection from government, the chance to work out things gradually over some years on reasonable terms.



The government, meanwhile, may have to create another emergency agency, something like the New Deal, that lends directly to the real economy -- businesses, solvent banks, buyers and sellers in consumer markets. We don't know how much damage has been done to economic growth or how long the cold spell will last, but I don't trust the bankers in the meantime to provide investment capital and credit. If necessary, Washington has to fill that role, too.



Finally, the crisis is global, obviously, and requires concerted global action. Robert A. Johnson, a veteran of global finance now working with the Campaign for America's Future, suggests that our global trading partners may recognize the need for self-interested cooperation and can negotiate temporary -- maybe permanent -- reforms to balance the trading system and keep it functioning, while leading nations work to put the global financial system back in business.



The agenda is staggering. The United States is ill equipped to deal with it smartly, not to mention wisely. We have a brain-dead lame duck in the White House. The two presidential candidates are trapped by events, trying to say something relevant without getting blamed for the disaster. The people should make themselves heard in Washington, even if only to share their outrage.



William Greider is the author of, most recently, "The Soul of Capitalism" (Simon & Schuster).

Tuesday, September 30, 2008

McCain's Lies & the Bailout Failure

McCain was on his campaign plane preparing to leave Ohio when the House vote became final. McCain's chief economic adviser, however, issued a statement that blamed Obama.


"This bill failed because Barack Obama and the Democrats put politics ahead of country," McCain senior policy adviser Doug Holtz-Eakin said.


When he reached Iowa, McCain told reporters: "Now is not the time to fix
the blame, it's time to fix the problem."


This is a Bush-Texas size whopper lie. Let
me explain.When Senator McCain flew to Washington,
D.C. last week when he said he was suspending his
campaign,he arrived at the hearings,said very
little and then sided with his very conservative
Republican colleagues and demanded LESS
REGULATION OF BUSINESS and TAX BREAKS-EXEMPTION
FOR THOSE COMPANIES WHO BOUGHT FAILED or FAILING
BANKS with SUB-PRIME LOANS. He did not object to
the REpublican style COMMUNIST take over of private
enterprise nor did he worry or care about
rewarding unscrupulous or stupid behavior by Wall
Street executives at CITIZEN'S EXPENSE.He sought
to RELIEVE BIG BUSINESS of IT'S FINANCIAL
OBLIGATIONS and REGULATIONS and NEVER ONCE
OBJECTED TO THIS BILL BECAUSE IT IN NO WAY PROTECTED
the INDIVIDUAL TAX-PAYING CITIZEN. This is NOT
PATRIOTISM -this BEING A LAP-DOG SOLDIER FOR RICH
BANKERS,JUST LIKE THE ONES HE ACCEPTED MONEY FROM
in the SAVINGS and LOAN SCANDAL;ie.Charles Keating.
McCain has MORE EXPERIENCE and HAS NOT LEARNED
from any of it. Dogs would remember better
than he because when they are punished they
remember not to make the same mistake. At least,
my dog did. Secondly,the Democrats were not the
ones to blame for this bill not passing;i.e. the
vote was 133 Republicans OPPOSED,65 in FAVOR and
140 Democrats in FAVOR,95 OPPOSED. So how
can McCain blame the Democrats? ONLY BY LYING.


But the Congressmen/women who opposed got it right.
Government should not rescue,coddle and reward BIG,
UNSCRUPULOUS BUSINESS while MAKING CITIZENS PAY for
IDIOCY. The Republicans should look to the Chinese
Communist government as an example: all those people
involved,who made decisions to put melamine in milk
in CHINA WILL BE SEVERELY PUNISHED,NOT RESCUED AND
EXCUSED like this Administration wants us to do.

I want to congratulate Congressmen Tierney,Lynch
and Delahunt in Massachusetts,Congressmen Courtney
in Conecticut,Congressmen Michaud in Maine,Congressmen
Shea-Porter and Hodes in New Hampshire and Congressmen
Welch in Vermont for opposing the bailout as of yesterday.
They had the same courage and foresight as did Senator
Barack Obama when he opposed the War in Iraq.This
administration has cried wolf every time it has either
gotten into trouble or decided it wants to lie to the
American people. When are our Representatives going to
learn this? All their experience,degrees and money
aren't any good if they DO NOT PROTECT and DEFEND the
CONSTITUTION of the UNITED STATES OF AMERICA and the
people who elected them.Obviously,the above named
Congressmen have UPHELD THEIR OATH.

Now let me make some constructive suggestions:

1. REINSTATE the GLASS-STEAGALL ACT in its entirety:
"The Glass-Steagall Act of 1933 established the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation.[citation needed] Some provisions such as Regulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm-Leach-Bliley Act, which passed in Congress with 55 Republicans voting for and 44 Democrats voting against the bill in the Senate and by a 343-86 vote in the House of Representatives, before being sent to conference committee; the final bipartisan bill (Senate: 90-8-1, House: 362-57-15) was signed by President Bill Clinton."

2. CREATE a RESOLUTION CREDIT CORP. that is FUNDED
and OWNED by AT LEAST 50% FINANCIAL COMPANIES and 50% U.S.
Government with hundreds of SEC Auditors auditing
continuously with no possibility of leaving government
and working for financial companies until 4 years has
elapsed.

3. AUCTIONING OFF of BANKS with SUB-PRIME MORTGAGE
PROBLEMS to the PRIVATE SECTOR,such as Venture
Capitalist,Private Equity firms,foreign banks in NATO
countries.

4.CREATION of CORPORATE BAILOUT FUND by all
CORPORATIONS with SALES over $100 Million per year
through a 1% of GROSS PROFITS BAILOUT TAX that all
could utilize if a case was made for Uncontrollable
External factors.

5.IMMEDIATE SUSPENSION of NAFTA and WTO RULES
that OVERRIDE the U.S. CONSTITUTION.

6.CREATION of SENATE-CONGRESS OVERSIGHT
COMMITTEE of FEDERAL RESERVE SYSTEM publicly
recognizing it as a private corporation and
publicly disclosing ownership thereof as well
as Annual PUBLIC AUDITS.

In closing let me remind the reader of the Declaration of Independence
and I quote:

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just Powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new guards for their future security — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. — The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let facts be submitted to a candid world."

Tuesday, September 23, 2008

Senator Obama & Biden's Plan for the U.S. Economy

Economy





$1,000 Tax Cut for Middle Class American Families


Obama and Biden will cut income taxes by $1,000 for working families, because the economy needs to be revitalized from the bottom up, not top down. Read more »



Energy Rebates


Obama and Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. Read more »



Create Jobs through Fair Trade


Obama and Biden believe that trade with foreign nations should create American jobs, not send them overseas. They will stand firm against agreements that undermine our economic security. Read more »



Create 5 Million Green Jobs


Obama and Biden believe that we should invest in innovation and manufacturing jobs in the growing clean energy market, freeing us from our dependence on foreign oil within a decade and creating 5 million green jobs. Read more »



New Jobs Through National Infrastructure Investment


Obama and Biden believe that rebuilding our highways, bridges, roads, ports, air, and train systems will create jobs, ensure safety, and bolster our bolster our long-term competitiveness. Read more »



Technology, Innovation and Creating Jobs


Obama and Biden will increase federal support for research, technology and innovation for companies and universities so that American workers can lead the world in cutting edge jobs and products. Read more »



Support Small Business


Obama and Biden will level the playing field for small business by eliminating all capital gains taxes on start-up and small businesses. Read more »



Labor


Obama and Biden will strengthen the ability of workers to organize for good wages, healthcare, and secure pensions. Obama and Biden will fight for passage of the Employee Free Choice Act. Obama and Biden will ensure that labor appointees support workers' rights and will work to ban the permanent replacement of striking workers. Obama and Biden will also increase the minimum wage and make sure it remains a real wage year over year. Read more »



Protect Homeownership and Crack Down on Mortgage Fraud


Obama and Biden will crack down on fraudulent brokers and lenders. They will make sure homebuyers have honest and complete information about their mortgage options, and they will give a tax credit to all middle-class homeowners. Read more »



Address Predatory Credit Card Practices


Obama and Biden will establish a five-star rating system so that every consumer knows the risk involved in credit card borrowing. They will establish a Credit Card Bill of Rights to stop credit card companies from exploiting consumers with unfair practices. Read more »



Reform Bankruptcy Laws


Obama and Biden will reform our bankruptcy laws to protect working people, to ban executive bonuses for bankrupt companies, and to require disclosure of all pension investments. Read more »



Work/Family Balance


Obama and Biden will help working families by doubling funding for after-school programs, expanding the Family Medical Leave Act. They will provide low-income families with a refundable tax credit to help with their child-care expenses, and encourage flexible work schedules. Read more »



Sunday, September 21, 2008

CORPORATE COMMUNISM

"What is happening with Wall Street being bailed out by the BUSH REPUBLICAN Administration is "CORPORATE COMMUNISM". This is a term I made up to describe the DICTATORSHIP of BIG MONEY in the U.S.A. This is a REVERSION TO FEUDALISM.

These Wall Street executives need to be put in prison. They cannot be rewarded for behaving irresponsibly. They have done to us what Islamic terrorists could not do. The Republican Administration let them do this. If you have any question about this all you have to do is read "Worse Than Watergate" by none other than former Richard Nixon Counsel John Dean! They have done to us what Islamic terrorists could not do. The American people now have to PAY for THESE CORPORATE SCUMBAG-COMMUNISTS. This is PROOF that there is NO SUCH THING AS A FUNCTIONING FREE-MARKET ECONOMY.It is also PROOF that there is not too much government like republicans claim because if they were correct and followed their own advice they would not have NATIONALIZED AIG,Fannie Mae and Freddie Mac. Also had there been enough or sufficient regulation then this would not have been allowed to occur."



William H. Stewart,MBA,Finance- The George Washington University,Cum Laude 1979