Transparency is a tough promise for President Obama to keep. Politico reports today: Four times in the last week, President Barack Obama has quietly slipped into private, exclusive Democratic Party fundraisers around town, glad-handing well-heeled donors away from the eyes of the press – and contradicting his pledge to run the most transparent administration in history. The Senate will debate the nomination of anti gun activist Elena Kagan to | Read More »
Although no votes are scheduled in the House and Senate today, there was breaking news early this morning in the negotiations in the Financial Services conference. CNN Money reports: After a grueling 20-hour session, lawmakers early Friday finished melding the House and Senate Wall Street reform bills, bringing Congress closer to passing the most sweeping changes to the financial system since the New Deal. They | Read More »
Solicitor General Elena Kagan will be making some house calls for one-on-one courtesy meetings with Senators. I can’t tell you how many times over the past two days I hear conservatives say “yeah, Kagan is bad, but if she is defeated or withdrawn, we will get somebody worse.” As many teams are finding out right now in the NBA and NHL playoffs, never look past | Read More »
Last year, the Senate voted to give $108 billion of your tax dollars to the International Monetary Fund (IMF). The IMF is now pledging to “loan” $39 billion as part of a $145 billion bailout package to Greece. This is all happening as the Senate debates and amends the S.3217 the “Restoring American Financial Stability Act of 2010,” in an effort to protect the economy from a repeat of | Read More »
The Senate continues debate on S.3217 the “Restoring American Financial Stability Act of 2010″ (The ObamaBailout bill) and votes on amendments will be fast and furious today. The House is voting on “Cash for Caulkers” later this afternoon. The House will complete some committee work on a campaign finance bill and Attorney General Eric Holder will be testifying to a Senate Appropriations Committee asking for money. Conservatives should watch the | Read More »
Yesterday was yet another day in the Senate of gridlock on the ObamaBailout bill and today will probably be more of the same. A Senate committee will be holding hearings today on ways to chip away at the 2nd Amendment. Senator Joe Lieberman (ID-CT) made a splash yesterday when he circulated legislation to expand the conditions for the government to strip U.S. Citizens of Citizenship. The | Read More »
Hot day in Washington and things are going to heat up in the debate on the ObamaBailout bill. Conservatives should focus on understanding the debate in the Senate today on amendments to S.3217, the so called Restoring American Financial Stability Act of 2010. Expect more talk and floor speeches about the Gulf Coast Oil Spill and the level of BP’s financial responsibility in the disaster in Washington. Also, the talk of the town this | Read More »
The Senate has failed to invoke cloture on S.3217, Restoring American Financial Stability Act of 2010, by a 56-42 vote today (60 votes needed to shut off debate). This is the third failed cloture vote in 3 days and sources close to the negotiations tell me that opponents of permanent bailout authority for the federal government are “hanging on by a thread.” My employer, The | Read More »
The House is debating HR 1586, a bill that would tax bonuses given to employees of bailed out businesses. The bill would tax “90 percent of the TARP bonus received by the taxpayer.” The TARP recipient’s employer must have received the money from “the Emergency Economic Stabilization Act of 2008″ (the TARP bailout), “the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation”, “members of | Read More »
Senator Jeff Sessions (R-AL) gave a great speech putting the AIG bonus issue in perspective today on the Senate floor. The bonuses for thousands of employees of AIG – the huge insurance company to which the government, the taxpayers of the United States, have shoveled $170 billion into to keep afloat – recall the Sessions maxim, announced about 20 years ago when I was U. | Read More »
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