An Obvious Conflict Of Interest

Senator Mitch McConnell does not like tariffs. He does not like them on China where they are levied in an attempt to level the playing field on trade, and he does not like them on Mexico where they are being levied in an attempt to stop the flow of illegals and drugs over our southern border.

Unfortunately, the meme below is not a joke:

An article posted at Breitbart today explains the problem. Senator McConnell is married to Transportation Secretary Elaine Chao.

In the article, Peter Schweizer explains why that is important:

Schweizer highlighted Transportation Secretary Elaine Chao, who is married to McConnell, as illustrative of what he described as widespread political conflicts of interest between sitting American officials and foreign governments.

“The Chao family are deeply embedded commercially and financially with the Chinese government,” explained McConnell. “The Chinese government essentially set them up in the shipping business. Their ships — these are large cargo ships that transport a large amount of goods around the Pacific.”

Schweizer added, “The Chinese government is financing the building of these ships for the Chao family business. They provide crews for these chips, and they provide contracts to ship steel and other products around the Pacific.”

The Foremost Group is a shipping business founded by James Chao, Elaine Chao’s father. The Chao family business primarily revolves around China, necessitating “deep ties to the economic and political elite in China,” according to a Sunday-published New York Times report.

“[The Chao family’s shipping business] started out in the early 1990s with just a couple of vessels, a couple of large cargo ships,” said Schweizer. “They now have, by some estimates, 35 or 36, many of those built by the Chinese government. The estimates are that hundreds of millions of dollars in financing is done by the Chinese to build these ships, and that they give them preferential treatment.”

Schweizer explained, “Business in China is done with a political purpose. The China State Shipbuilding Corporation is controlled by the government, by the Communist Party, and they do business deals with people in the West with the expectation that they will get things in return.”

That is called a conflict of interest. So what is Senator McConnell’s problem with the Mexican tariffs? Many Republicans have aligned themselves with the U.S. Chamber of Commerce which supports our porous southern border as a source of cheap labor. There has never been a border wall because Republican business men who contribute to political campaigns want cheap labor and Democrats want future voters.

This Shouldn’t Surprise Anyone

On Friday, Investor’s Business Daily posted an editorial about the Clinton Foundation. The editorial deals with the drop in donations to the Foundation after Hillary Clinton lost her bid for the Presidency.

The editorial reports:

Controversy over the foundation erupted after Peter Schweizer’s 2015 book — “Clinton Cash” — suggested that the foundation served as a way for donors to curry favor with then Secretary of State Hillary Clinton.

And, indeed, the multitude of connections that slowly turned out became hard to dismiss as coincidental. There was the fact that 85 of the 154 private interests who’d met with Clinton during her tenure at state were Clinton Foundation donors.

Emails turned up showing how the foundation intervened to arrange a meeting between Clinton and the Crown Prince of Bahrain, a country that had been a major foundation donor. A Chicago commodities trader who donated $100,000 to the foundation got a top job on a State Department arms control panel, despite having no experience in the area. On and on it went.

The editorial concludes:

But the most glaring indictment of the Clinton Foundation came from what happened last year, after Hillary Clinton lost the election — and effectively ended her political career.

First, the Clinton’s almost immediately shuttered the Clinton Global Initiative and laid off 22 employees.

Now, fresh financial documents show that contributions and grants to the Clinton Foundation plunged since Hillary lost her election bid. They dropped from $216 million in 2016 to just $26.5 million in 2017 — a stunning 88% fall. Throughout Clinton’s tenure as Secretary of State, the foundation pulled in an average of $254 million a year. (See chart below for a timeline.)

If the Clinton Foundation was as good as defenders claimed, why did all its big-time donors suddenly lose interest? The only reasonable explanation is that donors weren’t interested in what the foundation supposedly did for humanity. They were interested in the political favors they knew their money would buy.

In April 2015, The New York Post reported:

The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid.

The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, with the fattest payouts going to family friends.

On its 2013 tax forms, the most recent available, the foundation claimed it spent $30 million on payroll and employee benefits; $8.7 million in rent and office expenses; $9.2 million on “conferences, conventions and meetings”; $8 million on fundraising; and nearly $8.5 million on travel. None of the Clintons is on the payroll, but they do enjoy first-class flights paid for by the foundation.

In all, the group reported $84.6 million in “functional expenses” on its 2013 tax return and had more than $64 million left over — money the organization has said represents pledges rather than actual cash on hand.

Some of the tens of millions in administrative costs finance more than 2,000 employees, including aid workers and health professionals around the world.

But that’s still far below the 75 percent rate of spending that nonprofit experts say a good charity should spend on its mission.

At one time there was an investigation into the Clinton Foundation. I have no idea whether or not it is ongoing. However, just looking at the amount of money spent on overhead and the rapid drop in donations when Hillary was not elected President, I think there are some obvious conclusions that anyone paying attention can draw about the Foundation.

Ever Wonder How Congressmen Become Millionaires On Less Than $200,000 A Year?

There are strong laws on the books to prevent lawmakers in Washington from profiting from their jobs in ways that are not ethical. However, there are no laws on the books to prevent the families of lawmakers in Washington from totally taking advantage of their relative’s position. Peter Schweizer has written a book titled Secret Empire which sheds light on some of the unsavory financial activities of some of our politicians.

Yesterday Fox News posted an article about the book discussing how laws and regulations can be used to enrich friends and family.

The article lists a few specific examples:

Schweizer said the Vistria Group, run by Obama’s best friend, Marty Nesbitt, drove the for-profit school University of Phoenix into the ground and then swooped in to buy it.

 “They come in, they buy it for pennies on the dollar and low and behold, the Obama administration says, ‘You know what, we think we’re going to let GI money float again back to the University of Phoenix,’” he said.

…Schweizer said the level of corruption extended to former Vice President Joe Biden and former Secretary of State John Kerry after both leaders negotiated with China on trade issues.

“At this time the sons, or in one case, John Kerry’s close aide, are involved in businesses that involve multi-billion dollar deals with the Chinese government,” he said on “Lou Dobbs Tonight.”

Schweizer claims that 10 days after Biden flew to Beijing, his son, Hunter Biden, scored a $1.5 billion private equity deal from the Chinse government.

Senate Majority Leader Mitch McConnell and his wife, current US Transportation Secretary Elaine Chao, are also mentioned in the book. The book details the couples close relationship to China through Elaine Chao’s family.

The New York Post reported on March 17th:

As Schweizer tells it, the Chao family fortune derives from the Foremost Group, a shipping company that Chinese native James Chao, a classmate of former Chinese president Jiang Zemin at Jiao Tong University, founded in New York in 1964. Chao remains Foremost’s chairman today, and his daughters Angela and Christine are the company’s deputy chairwoman and general counsel, respectively. Elaine Chao worked there in the 1970s, and has been quoted as saying, “Shipping is our family tradition.”

It really is time to begin again in Washington. The only people who should be allowed to stay in Congress are people whose net worth has not increased more than 10 percent during their terms of office. (Of course then you could make the argument that they simply did not take advantage of the opportunities around them!)

At any rate, it really is time to drain the swamp (and to understand that both political parties are involved in the swamp).

Voter Fraud Investigated

Breitbart posted an article today about a recent study of voter fraud in America.

The article reports:

Government Accountability Institute (GAI) President Peter Schweizer, also a Breitbart News senior editor-at-large, discussed a new report on Tuesday’s Breitbart News Daily. The report documents 8,400 cases of double voting in the 2016 election.

“We took an extremely conservative metric, and we hired a data company and said, “Let’s look at who actually voted in 2016, and can we find people that had the same first name, middle name, last name, date of birth, and the data company has access to partial Social Security numbers?” Schweizer said of the GAI’s methodology.

“Can we find examples of people who double voted, just using that metric? Because if all those things line up, the data company tells you it’s basically 100 percent it’s the same person,” he said.

“We were able to get data from 20 states, and we found 8,400 examples where those metrics matched,” Schweizer revealed.

Keep in mind that this number is strictly double registrations. We have no idea how many non-citizens voted in the last election. Actually, even voter id would not have prevented this voter fraud. Voter id targets people who are not legally entitled to vote or people voting using other people’s names.

Our biggest problem in the last election was not Russian interference–it was misguided Americans committing voter fraud.

 

Who Really Profited From The Auto Bailout ?

Breitbart.com posted an article yesterday revealing some interesting statistics about the auto industry bailout. Government Accountability Institute President Peter Schweizer investigated the bailout to see where the money went and how much taxpayers actually lost.

The article reports:

The government’s actions involving Chrysler resulted in a net loss to taxpayers of $2.9 billion, and the government is currently sitting on a $14.5 billion loss for its actions involving General Motors. But Mr. Schweizer says few Americans realize the backroom deals the Administration cut that created a flood of cash for well-connected Obama cronies.

For example, the GM bailout was handled not by automotive experts but by New York investment firm Evercore Partners. The firm is headed by Obama bundler and former Assistant Treasury Secretary Roger Altman and Obama mega fundraiser Ralph Schlosstein. GM paid Evercore $46 million in advising fees and billed the car company another $17.9 million for a “success fee,” despite the fact that Evercore never found GM a purchaser or funder. 

Unfortunately the unions and the political bundlers were the winners in the auto industry bailout. Had the auto industry been required to follow normal bankruptcy procedures as stated in Chapter 11, those involved would have been forced to be accountable for the money they spent. The auto bailout is the poster child for crony capitalism–it is nothing to brag about.

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I Guess It Really Does Matter Who Your Friends Are

Yesterday Breitbart.com posted an article some of the inner connections between Jon Corzine and the Obama Administration.

In November rightwingganny.com reported:

Today’s Wall Street Journal (this is a subscriber only article) is reporting that MF Global Holdings Ltd. shifted hundreds of millions of dollars in customer funds to its own brokerage accounts in the days before its bankruptcy filing. That is illegal.

However, there are no signs of a serious investigation into exactly what was done at MF Global or what Jon Corzine’s involvement was in whatever was done. How come?

Some interesting facts stated in the article at Breitbart.com:

…the now-defunct MF Global was a client of Attorney General Eric Holder and Assistant Attorney General Lanny Breuer’s former law firm, Covington & Burling.

Records also reveal that MF Global’s trustee for the Chapter 11 bankruptcy retained as its general bankruptcy counsel Morrison & Foerester–the very law firm from which Associate Attorney General Tony West came to DOJ.

As Government Accountability Institute President Peter Schweizer explains in the Washington Times Thursday, the trustee overseeing MF Global’s bankruptcy is former FBI Director Louis Freeh. At Holder’s Senate confirmation hearing Freeh served as a character witness for Holder and revealed that Holder had previously worked for Freeh. “As general counsel,” Freeh said, “I could have engaged any lawyer in America to represent our bank. I chose Eric.”

 This doesn’t sound as if we will ever get to the truth. However, there is hope.

The article further reports:

At least 65 members of Congress have already signed a letter to Attorney General Eric Holder requesting that he appoint a special prosecutor to investigate MF Global’s collapse and the loss of $1.6 billion in customer money. What’s more, even progressives have begun to wonder whether Holder’s Covington & Burling connection explains why the Department of Justice has not charged, prosecuted, or jailed a single Wall Street executive after the biggest financial collapse in American history.

 I am not sure who the current Department of Justice is currently representing, but I have a feeling that it is not the average American.

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“Throw Them All Out”

Seal of the Speaker of the United States House...

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“Throw Them All Out” is the name of a recent book by Peter Schweizer. It deals with insider trading and crony capitalism in our government. There are multiple stories on the internet about this book and its information, my sources are CBN News and Big Government.

CBN cites the following examples:

When California Democrat Nancy Pelosi was House speaker in 2008, she got preferred treatment to invest in a credit card company at the same time Congress was considering credit card legislation.

Another former House speaker, Republican Dennis Hastert, returned to his home state of Illinois after making millions on a land deal that involved a congressional earmark.

Big Government reports:

Media Matters has offered up a ridiculous post that tries to distort the fundamental facts about Barack Obama’s green energy program. I hesitated whether to even comment on it because they fail in the basic tenets of honest journalism. George Soros is a large contributor to Media Matters.

The article at Big Government lists the approved loans to green energy companies that included major fund raisers for the Obama campaign. All of these loans did not go through for various reasons, but all were approved.

I’m not really supporting the idea of throwing them all out. There were some Congressmen elected in 2010 that are not involved in this sort of thing. There are also some Congressmen that have been there for a while who have not used their offices for personal gain. We need to make sure we differentiate between those who have been dishonest and those who have not. I am, however, willing to throw anyone out who has profited because of insider knowledge or has used their office for personal gain. We just need to make sure we do our homework before we throw anyone out of office!

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