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Rep. Maxine Waters to face ethics charges

July 31st, 2010 . by TexasFred

Rep. Maxine Waters to face ethics charges

WASHINGTON (AP) — A House investigative panel has decided to charge Democratic Rep. Maxine Waters of California with ethics violations, raising the possibility of a second high-profile trial with political implications for Democrats this fall.

People familiar with the investigation, who were not authorized to be quoted about unannounced charges, say the allegations could be announced next week. The House ethics committee declined Friday to make any public statement on the matter.

Waters has been under investigation for a possible conflict of interest involving a bank that was seeking federal aid. Her husband owned stock in the bank.

New York Democrat Rep. Charles Rangel also faces an ethics trial this fall on separate charges that included failure to disclose assets and income, nonpayment of taxes and doing legislative favors for donors to a college center named after him.

Full Story Here:
Rep. Maxine Waters to face ethics charges

Ya know, this just isn’t looking good for the Dems but I’m fairly certain that if they did ANY serious digging at all, they would find grounds to place at least 75% of the House on trial for ethics violations.

To paraphrase from the Rangel post: “But Waters can’t be unethical, she’s an esteemed, long serving elected official. This is being done strictly because Maxine Waters is Black and the entire U.S. Congress is a bunch of racists.”Ethics Inquiry of Rangel Finds Evidence of Violations

Both Waters and Rangel are prominent members of the Congressional Black Caucus. Dual ethics trials would be a major political liability for Democrats, forcing them to defend their party’s ethical conduct while trying to hold on to their House majority.

Those people on the House ethics committee are obviously racists. How dare they bring charges against Rangel and Waters NOW? Surely they must ALL be members of the Congressional WHITE Caucus.

Wait… There is NO Congressional WHITE Caucus. :?

Waters came under scrutiny after former Treasury Department officials said she helped arrange a meeting between regulators and executives at Boston-based OneUnited Bank without mentioning her husband’s financial ties to the institution.

Well, you know, you need to give Maxine a break. It just slipped her mind, there was no criminal intent, these guys at Treasury are a bunch of TEA Party racists and are only picking on Waters because she’s BLACK!

The real Maxine Waters. WARNING: LANGUAGE ALERT!

That is an example of Maxine Waters and her supporters. I don’t know what it has to do with this particular charge of ethics violations, but I found it interesting, and thought my readers may too!


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Taxpayers face heavy losses on auto bailout

September 9th, 2009 . by TexasFred

Taxpayers face heavy losses on auto bailout

WASHINGTON (AP) – Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.

The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset Relief Program. But it said most of the $23 billion initially provided to General Motors Corp. and Chrysler LLC late last year is unlikely to be repaid.

“I think they drove a very hard bargain,” said Elizabeth Warren, the panel’s chairwoman and a law professor at Harvard University, referring to the Obama administration’s Treasury Department. “But it may not be enough.”

The prospect of recovering the government’s assistance to GM and Chrysler is heavily dependent on shares of the two companies rising to unprecedented levels, the report said. The government owns 10 percent of Chrysler and 61 percent of GM. The two companies are currently private but are expected to issue stock, in GM’s case by next year.

Full Story Here:
Taxpayers face heavy losses on auto bailout

Pay very close attention to these words; The prospect of recovering the government’s assistance to GM and Chrysler is heavily dependent on shares of the two companies rising to unprecedented levels.

OK, you got that? The prospect of recovering OUR TAX DOLLARS is heavily dependent on the success, unprecedented levels of success, of car companies that had gone BROKE!

The shares “will have to appreciate sharply” for taxpayers to get their money back, the report said.

For example, GM’s market value would have to reach $67.6 billion, the report said, a “highly optimistic” estimate and more than the $57.2 billion GM was worth at the height of its share value in April 2008. And in the case of Chrysler, about $5.4 billion of the $14.3 billion provided to the company is “highly unlikely” to ever be repaid, the panel said.

Let me put this into terms that even the most dense liberal mind can understand; we, as a nation, are seriously screwed. And when the MSM posts a story of this nature, as far in the tank as they are for Obama and Company, I believe that only exacerbates the situation further.

« Read the rest of this post HERE! »


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Senate panel approves Geithner for treasury post

January 22nd, 2009 . by TexasFred

Senate panel approves Geithner for treasury post

WASHINGTON (AP) – The Senate Finance Committee has cleared the nomination of Timothy Geithner as treasury secretary despite unhappiness over his mistakes in paying his taxes. The committee approved the nomination on an 18-5 vote, sending it to the full Senate. President Barack Obama is hoping for quick approval so that the point man for the administration’s economic rescue effort can begin work.

The committee vote came a day after Geithner appeared before the panel to apologize for what he called “careless mistakes” in failing to pay $34,000 in taxes earlier in the decade, when he worked at the International Monetary Fund.

Geithner paid the back taxes plus interest for the years 2003 and 2004 after being audited by the Internal Revenue Service. But he did not pay taxes he owed for 2001 and 2002, even though he had made the same mistakes for those years, until shortly before he was nominated by Obama last November to be treasury secretary.

The nomination was expected to win approval by the full Senate, with many lawmakers saying that given the serious economic crisis facing the country, the new president deserved to have the services of a man of Geithner’s abilities and experience.

Full Story Here:
Senate panel approves Geithner for treasury post

During the Bush administration there were many on the left/libber side of the aisle that called Pres. Bush’s efforts ‘the fleecing of America’. Ladies and Gentlemen, I submit to you that we have not yet begun to witness the fleecing of America, not in the manner we are about to see under the Obama administration!

Placing Tim Geithner at the head of the Treasury is like giving the fox a key to the hen house, as I said yesterday, akin to making Keith Richards the head of the DEA, nothing good can come of this. I don’t say that off the cuff. Geithner is a tax cheat, by ANY definition! He didn’t get arrested, he didn’t go to prison, he wasn’t even charged, but he is, by his own admission, a tax cheat. I wonder just how smart the guy really is too. He used a popular on-line tax program and he made serious errors and oversights. Is he the best person that Obama could find to run the Dept. of the Treasury?

Geithner has been the head of the Federal Reserve Bank of New York for the past six years and was a key participant in decisions made by the Bush administration to deal with the worst financial crisis to hit the country since the Great Depression.

Wait a minute!! Wasn’t the big slogan of Obama and Company *CHANGE*? If Geithner was ‘a key participant in decisions made by the Bush administration to deal with the worst financial crisis to hit the country since the Great Depression’, and given that the financial situation of this nation has gone from bad to worse, is Geithner the *CHANGE* the Treasury needs? Is the decision making ability of the Obama administration what this nation needs?

I think the answer to those questions is rather obvious to Conservatives. Of course Democrats, libbers, assorted leftists and supporters of Hamas and al-Qaeda won’t think so, but to any REAL, red-blooded American the answers are as plain as the nose on your face. Obama has made his 1st ‘most grievous’ error, and I am sure that this will NOT be the last. Hillary as Sec. of State, the closing of Guantanamo, hell folks, this is just the opening act!


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Treasury nominee says he failed to pay taxes

January 13th, 2009 . by TexasFred
Treasury nominee says he failed to pay taxes

WASHINGTON (AP) – President-elect Barack Obama’s choice to run the Treasury Department and lead the economic rescue effort disclosed publicly Tuesday that he failed to pay $34,000 in taxes from 2001 to 2004, a last-minute complication in an otherwise smooth path to confirmation.

Timothy Geithner paid most of the past-due taxes days before Obama announced his nomination in November, according to materials released by the Senate Finance Committee. He had paid the remainder of the taxes in 2006, after the IRS sent him a bill.

The still-unpaid taxes were discovered by Obama’s transition team while investigating Geithner’s background.

Senate Finance Committee Chairman Max Baucus said he still hoped Geithner could be confirmed on Inauguration Day. Obama’s staff told senators about Geithner’s tax issues Dec. 5.

“These errors were not intentional; they were honest mistakes,” Baucus said after he and other committee members met with Geithner behind closed doors.

Full Story Here:
Treasury nominee says he failed to pay taxes

Honest error or not, taxes being unpaid is NOT what you want to hear from your incoming Secretary of the Treasury.

Geithner also said he didn’t realize a housekeeper he paid in 2004 and 2005 did not have current employment documentation as an immigrant for the final three months she worked for him, the documents indicated.

And this just begs the question, don’t the Obama people fully VET these guys?? For crying out loud, Bill Richardson has withdrawn, the indirect connection to Rod Blagojevich.

Is this what we can expect from the Obama administration?? Scratch that, totally rhetorical.

What the hell was I thinking??


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