• Criminals,  Liberal Morons,  Politics,  Talk Radio

    Air America Watch: Air America Larceny Plea Deals Do NOT Include Jail Time

    airamericaoctober8bjpgweb

    New York Post: OUTRAGE AT CHARITY’S CROOKED WISE GUYS

    News that two former executives who admitted plundering the Gloria Wise Boys & Girls Club won’t be spending even one day in jail was greeted by outrage yesterday at the Bronx non-profit and by residents of the community.

    “That’s a sore spot for me,” said Frederick Lewis, the group’s new leader.

    “People go to jail for much less than that,” fumed Lewis. “These people took advantage of the city and state. We have to let them know you don’t get away with this . . . It’s a disgrace.”

    Parents with kids in Gloria Wise’s Co-op City day care center were also up in arms.

    “I work so hard and I can barely make tuition,” said doorman Vernon Rainford, 41, who has a 3-year-old at Gloria Wise.

    “To hear people stealing without punishment, that’s just not right.”

    Of course, it is not right. But, what do you expect from a LEFTY Attorney General who aspires to be Governor of New York?

    The New York Post has it RIGHT with this editorial: WISE GUYS GET A PASS

    Six officials of the Gloria Wise Boys and Girls Club stole $1.2 million from the group, money meant for needy kids and seniors, a city probe has found. Investigations Commissioner Rose Gill Hearn calls it “disgusting” – the worst case of wrongdoing by a non-profit contractor she’s seen since taking office.

    Thank goodness the thieves will be going to jail for a very long time – and paying back every cent, and then some.

    Well, actually, that’s not quite true.

    In fact, nobody is going to jail.

    Not even for a single day.

    And the crooks get to keep most of the cash they stole. Four weren’t even charged, and after a few brief years, the two who were charged can return to nonprofit work – to loot again, perhaps.

    For that wrist tap, thank Attorney General Eliot Spitzer, whose office prosecuted the case.

    Something is wrong with this picture.

    Hearn was right to label the shenanigans “disgusting.” Her report said fraud “was an accepted way of doing business” for these execs. “Rather than reflecting actual events,” the group’s records “were made to say whatever suited the executives’ purposes.” Want details?

    * Under their direction, the group improperly gave $875,000 to left-wing Air America radio (which features comedian Al Franken) while a Gloria Wise exec maintained a financial stake in it.

    * Officials “improperly obtained more than $290,000 in income that was untaxed, on top of already generous salaries – and much of it stolen from government agencies.”

    * They used the money to buy themselves cars (two BMWs and a Volvo), fix up their homes and pay for tennis expenses, parking and personal insurance, among other things.

    * Most alarming was their falsification of student medical records to fool the Health Department into thinking the kids had gotten vaccines and medical exams.

    Yet, Randi Rhodes rants about BushCo, Haliburton and the corruption of the Bush Administration.

    How do you spell HYPOCRITE?

    airamericaoctober8aweb

    Previous:

    Air America Watch: Charity Funds Diverted To Air America

    Air America Watch: Sheldon and Anita Drobny Poised to Announce their Takeover of Air America?

    Air America Radio Watch: No Bankruptcy for Air America

    Air America Watch: Air America to Declare Bankruptcy?

    Air America Scandal: Boys & Girls Club Have Voted To Drop Bronx’s Gloria Wise Club

    Air America Radio Scandal: Gloria Wise Receives Their Money BACK

    Air America Scandal: Thomas Montvel Cohen, “Al Franken calling me a crook is a little like the pot calling the kettle black.”

    Air America Scandal: Friday Update

    Air America Scandal: The SHELDON DROBNY Connection

    Air America Scandal: Inside Air America, An Investigative Blog Report Part Two

    Air America Scandal: Inside Air America, An Investigative Blog Report

    Air America Scandal: Where is Evan Montvel-Cohen?

    Air America Radio Scandal: MSM Makes an Appearance

    Air America Radio Scandal: New York Times Corrects Al Franken Quote

    Air America Radio Scandal: NY Times Gets it WRONG; AP LATE

    Air America Radio Scandal: New York Times ….FINALLY

    Air America Scandal: Al Franken Blows It Off

    Air America Radio Scandal: Payroll Checks Delayed

    Air America Radio Scandal: New York Times Where Are You?

    Air America Scandal: Boys & Girls Club May Vote To Drop Bronx’s Gloria Wise Club Next Month


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  • Arnold Schwarzenegger,  California,  Politics

    National Tax Limitation Committee Watch: Son of Proposition 75

    Lew Uhler of the National Tax Limitation Committee

    George Skelton, columnist for the Los Angeles Times and Dog Trainer has Anti-Union Activists Hope to Create Son of Prop. 75.

    For Gov. Arnold Schwarzenegger, Proposition 75 was akin to Frankenstein’s monster. He created it, could not control it and was ruined by it — at least his “reform” package was destroyed.

    The so-called paycheck protection initiative galvanized public employee unions into an all-out war against the governor and his reforms. Unions used it as a smoking gun for their claims that the governor’s real agenda was a partisan power play aimed at weakening his adversaries.

    Nevertheless, Prop. 75 did come the closest of any proposition to passing in the special election, losing by seven points.

    Now, the nurturer of Prop. 75, longtime anti-tax activist Lewis Uhler, is planning to create another version of the monster for the November 2006 ballot.

    Unlike Prop. 75, which would have required public employee unions to obtain annual written permission from members to spend their dues on politics, the reincarnated version will attack unions from a different angle.

    It will be modeled after a Utah law called the “voluntary contributions act.” That law forbids public employee unions from spending any dues on politics. All politicking must be funded through a political action committee. And governments are prohibited from collecting PAC money with payroll deductions.

    Flap believes under a non-special election that Proposition 75 would have passed.

    Uhler’s latest attempt will worry the unions again and make them commit resources.

    “I’m not at all convinced that we as taxpayers are responsible for picking up the cost of union political fundraising,” asserts Uhler, president of the National Tax Limitation Committee, which he says has 100,000 dues-paying members.

    “What is he smoking?” asks Democratic consultant Gale Kaufman, who coordinated the unions’ victory over Schwarzenegger’s ballot measures. “They’re out of their minds. What’s that about?”

    Gale, you know what he is talking about…….making the public employee unions spend millions of dollars to fund a media campaign to defeat proposition 75 fairness initiatives.

    Better start raising dues again………

  • Criminals,  Liberal Morons,  Morons,  Politics

    Air America Scandal: Boys & Girls Club Have Voted To Drop Bronx’s Gloria Wise Club

    Gloria Wise Boys & Girls Club Beacon 113 of Bronx, New York, kicked off their inaugural Jr. NBA/Jr.WNBA basketball season

    The New York Post has CHARITY BOOTS KIDS’ CLUB OVER AIR AMERICA SCANDAL.

    The embattled Gloria Wise Boys & Girls Club in The Bronx — under investigation for taking $875,000 from programs for kids to help fund the start-up of Air America radio — was booted yesterday from the Boys & Girls Clubs of America.

    The national board of the Boys & Girls Clubs voted to yank Gloria Wise’s charter, barring them from using the much-heralded organization’s symbols and fund-raising clout because of a breach of ethical standards and failing to file audits.

    Michelle Malkin has AIR AMERICA: GROVELING FOR CASH.

    Al Franken’s liberal radio network, Air America, is now scraping the bottom of the barrel for investors. Having taxed the patience of deep-pocketed liberal sugar daddies, Air America execs have cooked up a new campaign to hit up their own listeners for cash donations.

    My investigative blog partner Brian Maloney and I received multiple forwarded e-mails of the pitch being sent to Air America fans. Brian has the amusing scoop.

    Wouldn’t one think that Al Franken and Air America would actually help out the KIDS they ripped off?

    Flap supposes it is not in their character.

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  • Liberal Morons,  Media,  Media Bias,  Morons,  Politics

    Air America Radio Scandal: Gloria Wise Receives Their Money BACK

    The New York Sun has Air America Wires $825,000 To Club in Bronx.

    Air America Radio, the liberal network that in 2003-04 received $875,000 in transfers from the Gloria Wise Boys & Girls Club in the Bronx, announced last night that it had wired $825,000 into an attorney-controlled escrow account for the Bronx nonprofit group. It had previously sent $50,000 to the club.

    The transfers to Air America, which a former official of Gloria Wise described as interest-free loans, is part of a probe by the city’s Department of Investigation and the state attorney general, Eliot Spitzer, into what officials termed “inappropriate transactions” by Gloria Wise. In a statement issued yesterday, Air America said the network would release the account to Gloria Wise when the city agency “completes its work and authorizes payment.”

    Gloria Wise Boys & Girls Club Beacon 113 of Bronx, New York, kicked off their inaugural Jr. NBA/Jr.WNBA basketball season

    The New York Post Online Edition has AIR AMERICA ADJUSTS $TATIC

    Air America has agreed to put the entire $875,000 it received from a Bronx-based Boys & Girls Club into an escrow account while the controversial loan is investigated by the city, the network’s bosses announced yesterday.

    The owner of the left-leaning radio network had previously agreed to repay the money in installments.

    Last month it made the first down payment into an escrow account controlled by the station’s lawyer, rather than directly to the Gloria Wise Boys & Girls Club, a nonprofit social-services organization.

    The city’s Depart of Investigation, which is scrutinizing the bizarre loan, wanted all the money in escrow until it end its probe and authorizes payment.

    Yesterday Danny Goldberg, CEO of Air America, announced that the board of directors of the network’s owner had accelerated its payment schedule and deposited the full $875,000 into the escrow account.

    The city yanked $9.7 million in government contracts from the club earlier this year as it launched an investigation of its finances and whether club officials falsified documents.

    State Attorney General Eliot Spitzer is also investigating the Air America-Gloria Wise connection.

    The escrow move comes as it was disclosed yesterday that Air America’s star, Al Franken, signed an agreement last year to repay the entire loan.

    The comedian and liberal commentator said last month he didn’t know of the loan until late July, adding Air America’s decision to repay it was a “moral obligation.”

    But it was reported yesterday that Franken and Air America’s former chairman, Evan Montvel Cohen, were among the signers of a confidential agreement in November 2004 in which Air America agreed to repay the Gloria Wise loan.

    Cohen said no one at the network knew of the money transfers from Gloria Wise when they happened, apparently between October 2003 and March 2004.

    So. it is revealed that Al Franken has been complicit in this scandal, is a LIAR about his participation and all of a sudden the poor kids in the Bronx get their money back.

    WOW! What a coincidence!

    Michelle Malkin who has owned this story from the beginning has AIR AMERICA SCRAMBLES.

    The New York Times has had no coverage of the liberal financial scandal in their backyard since its botched August 12 article, which misquoted Al Franken and attributed the quote to a city Department of Investigation transcript that the department says does not exist. The New York Daily News has not mentioned the controversy since August 11. Still no WaPo.

    The Sun’s Lombino, who continues to make headway in the MSM, includes a quote from Air America’s CEO, Danny Goldberg regarding Al Franken’s signature on the Settlement Agreement featured in our and Lombino’s reports:

    Yesterday, Air America’s CEO, Danny Goldberg, defended Mr. Franken. He said Mr. Franken’s role in the agreement “was simply to waive his own claims in order to facilitate the transaction and allow the network to survive under new ownership.”

    Mr. Goldberg said the portion of the agreement that listed the Gloria Wise claim of $875,000 did not apply to Mr. Franken, who was not an investor.

    “Al Franken does not have and never had any responsibility for this loan,” Mr. Goldberg said in a written statement. “His role at Air America was then and remains today as on-air talent.”

    The “just the talent” line doesn’t wash. Franken was and is the public face of Air America, and by November 2004, he was well aware that previous owners Evan Cohen and Rex Sorensen had been involved in financial shenanigans that deserved nothing less than eagle-eyed scrutiny.

    In case Franken needs reminding, he was the subject of a June 2004 page 1 Wall Street Journal article detailing the mess–an article that ends with Franken expressing “some gratitude” to Cohen for getting him and the network on the air despite Cohen’s exaggerations.

    In case Franken needs reminding, HBO broadcast a full-length documentary on said troubles.

    Some Franken defenders say it’s unfair to expect him to have read the November 2004 settlement agreement and paid attention to the copious debts and liabilities racked up under Cohen and Sorensen.

    If Franken wants to continue arguing he was a fool who passed the buck to his lawyer, Minnesota Republicans won’t stop him. And neither will we.

    Flap wonders if the federal and state authorities will be as forgiving as the New York Times and the MSM on Franken et. al.?

    Will indictments be forthcoming for this blatant theft of public monies or will the entire scandal be swept under the rug since Gloria Wise received their money back?

    Michelle Malkin suggests additional restitution be paid to Gloria Wise Boys and Girls Club:

    Neither Goldberg nor Franken addressed the unsubstantiated insinuations and misstatements Franken made on the air about Evan Cohen and Gloria Wise, which we documented here yesterday.

    Several lawyers raise a question about whether the settlement agreement included a direct or indirect obligation to pay back the Gloria Wise loan. This is a focus of the ongoing legal dispute between Multicultural Radio Broadcasting Inc. and Air America. (See here and here.)

    As for Franken, since he has expressed a “moral obligation” to do right by Gloria Wise, may we suggest perhaps a donation of some of the proceeds from his next book, The Truth (With Jokes), sure to be a New York Times best-seller, to the inner city charity and its underprivileged clients?

    How about it Al?

  • Liberal Morons,  Media,  Media Bias,  Morons,  Politics

    Air America Radio Scandel: New York Times ….FINALLY

    The New York Times FINALLY has a story on the Air America Radio Scandel, Bronx Boys Club’s Finances Investigated.

    The state attorney general’s office and the city’s Department of Investigation are looking into whether a boys and girls club serving poor children and ailing elderly people in the Bronx had improper financial dealings, including loans to the Air America radio network, state and city officials said yesterday.

    Mr. Franken took up the issue on the air on Monday afternoon, telling his listeners that Mr. Cohen was “a crook” who had borrowed money from Gloria Wise.

    “I don’t know why he did it,” Mr. Franken said, according to a transcript of the broadcast made by the Department of Investigation. “I don’t know where the money went. I don’t know if it was used for operations. I think he was borrowing from Peter to pay Paul.”

    Mr. Franken also said that the network’s new owners “don’t legally have to pay it back” – referring to the loans – “because we’re a different company or something.”

    “But morally we do,” he said.

    Hey Al!

    How about taking a cut in salary and pay those Poor KIDS back!

    But, the New York Times quote of Franken is not accurate.

    Michelle Malkin has AIR ENRON: THE NYTIMES SPEAKS! (OR RATHER, WHISPERS).

    The article is a rehash of everything blogs and a sprinkling of MSM outlets have already reported. Underwhelming. Entirely expected. And wholly inadequate given the paper’s massive previous coverage of Air America.

    Send your thoughts on the NYTimes’ slothful reporting to ombudsman Byron Calame.

    Check out the Times’ Dowdification of Al Franken’s quote about what happened to the money.

    The NYTimes reports:

    “I don’t know why he did it,” Mr. Franken said, according to a transcript of the broadcast made by the Department of Investigation. “I don’t know where the money went. I don’t know if it was used for operations. I think he was borrowing from Peter to pay Paul.”

    Here’s what Franken actually said (via audio at Brainster’s Blog and transcript
    at Brian Maloney, who busted this story wide open in the blogosphere the Times sneers at):

    I don’t know why they did it, and I don’t know where the money went, I don’t know if it was used for operations (softer, especially fast), which I imagine it was. I think he was robbing Peter to pay Paul.

    The omission of those five little words matters because Al Franken’s actual statement suggests that the money was in fact stolen from poor kids to pay Air America’s bills–a speculation that the Times attributes to “conservative-leaning blogs,” but not to the Times’ favorite liberal talk show host who said it himself.

    (Hat tip: Reader Michael V.)

    Mr. Calame, care to explain the omission?

    Hell, Michelle, it has taken them weeks to even write a story on this theft – albeit they buried off the front pages.

    Can we really expect any better from the New York Times?

    NO.

    Patterico has More Problems with Quotes at the New York Times.

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  • Mark Begich,  Senate Election 2014

    Senate Election 2014 Looks Promising for Republicans

    Alaska Senator Mark Begich

    Democrat Alaska U.S. Senator Mark Begich

    The U.S. Senate election of 2014 looks favorable for the GOP.

    Why?

    After losing two seats, newly-minted NRSC chairman Jerry Moran now needs to net six seats to win back control of the Senate.  The formula is simple, but challenging: Win six of the 7 Democratic-held seats in states Romney carried (Alaska, Arkansas, Louisiana, Montana, North Carolina, South Dakota, West Virginia), or expand their wiggle room by ousting a vulnerable Democrat like Minnesota Sen. Al Franken. Republicans hardly face any exposure: Even with prospective primary challenges, only Maine Sen. Susan Collins is even remotely at risk this cycle against a Democrat.  All told, the 2014 map is even more encouraging for Republicans, provided they land the right candidates.

    And, the RIGHT candidates have already started lining up.

    After the disaster of Todd Akin in Missouri and Richard Mourdock in Indiana, the NRSC is going to make sure they have good. solid and battle-tested candidates for office.

    In Alaska, it looks like Alaska Governor Sean Parnell or Alaska Lt. Governor Mead Treadwell will challenge one term Senator Mark Begich who was elected over long-time Republican Senator Ted Stevens who was undergoing ethics charges (which were later proven false). This election was probably a fluke in very RED Alaska.

    While Begich has tried to be a moderate Democrat, the D beside his name won’t be helpful – particularly when Harry Reid asks him for caucus votes this year.

    In Arkansas:

    Nearly the entire Arkansas Republican Congressional delegation – save for Rep. Rick Crawford – are considering campaigns against Sen. Mark Pryor, a moderate Democrat whose surname is nearly as storied in the state as the Clinton name.. (He’s the son of former Sen. David Pryor, who served the state as governor, senator and representative.)  Pryor was so untouchable six years ago that not a single Republican stepped forward to challenge him; he won 80 percent against a Green Party candidate.  Now Arkansas Republican wags expect a contested primary between multiple credible opponents, with Reps. Tim Griffin, Steve Womack and lieutenant governor Mark Darr looking like the leading contenders.  Griffin, just promoted to lieutenant colonel in the Army Reserve, has a compelling biography, but Womack hails from northwest Arkansas, the region with the most Republican votes in the state.

    So, one has to wonder why Democrat Senate Majority Leader Harry Reid from Nevada is proposing changes in the Senate rules on the filibuster?

    In just two years, Reid may be minority leader.

  • Al Franken,  Day By Day

    Day By Day December 3, 2010 – Fronk-N-Steen

    Day By Day by Chris Muir

    I really didn’t understand the voters of Minnesota when they first elected the FAR-LEFT Al Franken to the United States Senate. But, then again, those same folks elected wrestler and movie actor, Jesse Ventura, to Governor.

    The GOP will probably target this seat when Franken comes up for re-election in four years. However, a lot of politics can happen, including a Presidential campaign, in the meantime.

    But, Senator Al Franken, has to continue to be viewed as an embarrassment to a Democratic Party which is reeling from two years of an Obama Administration.

    Previous:

    The Day By Day Archive

  • Del.icio.us Links

    links for 2009-07-31

    • Five years after he put his money behind the Swift Boat ads that helped tank John Kerry’s presidential campaign, Senate Democrats gave T. Boone Pickens a warm welcome at their weekly policy lunch Thursday.

      Or at least most of them did.

      Kerry skipped the regularly scheduled lunch; his staff said the Massachusetts Democrat “was unable to attend because he had a long scheduled lunch with his interns and pages.”

      Sen. Al Franken managed to make time for the lunch — but then let Pickens have it afterward.

    • The House has voted to rush an additional $2 billion into the popular but financially strapped "cash for clunkers" car purchase program.

      The bill was approved on a vote of 316-109. House members acted within hours of learning from Transportation Secretary Ray LaHood that the program was running out of money.

      Called the Car Allowance Rebate System, or CARS, the program is designed to help the economy and the environment by spurring new car sales. Car owners can receive federal subsidies of up to $4,500 for trading in their old cars for new ones that achieve significantly higher gas mileage.
      ++++++
      What a mess!

    • Federal health statistics indicate that around 44 million people in the United States have no health insurance. But 108 million Americans have no dental insurance, and 26 million of them are children. The American Dental Association is trying to solve this problem by adding an oral health amendment to the health-care legislation currently under discussion in Congress.

      "The government is completely separating dentistry and medical health in its proposed overhaul," says Dr. Thomas Connelly, a dentist based in New York. "It doesn't make sense to do so."

      But FOX News Medical Contributor Marc Siegel says adding more to the health-care reform bill is a terrible idea. "We need less, not more. We don't want the government to be able to tell us what kinds of procedures we can and can't have, dental or otherwise."
      +++++++
      Yeah, so Americans can have a National Health Service Dentistry like Britain?

      No way

      (tags: dentistry)
    • The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.

      The world’s largest economy contracted 1.9 percent from the fourth quarter of 2007 to the last three months of 2008, compared with the 0.8 percent drop previously on the books, the Commerce Department said today in Washington.

      “The current downturn beginning in 2008 is more pronounced,” Steven Landefeld, director of the Commerce Department’s Bureau of Economic Analysis, said in a press briefing this week. The revisions were in line with past experience in which initial figures tended to underestimate the severity of contractions during their early stages, he said.

  • Democrats,  GOP,  Obamacare

    Obamacare: Democrat Infighting Intensifies

    ramrieztoon072809

    Political Cartoon by Michael Ramirez

    Well, the Democrats in Congress were all GIDDY when Al Franken became the 60th vote in the United States Senate.

    Now, what is the problem?

    A House fight among Democrats on overhauling the nation’s healthcare system has spread to the Senate, where centrists and liberals are clashing over the direction the legislation should take.

    Trouble is brewing now that a bipartisan group of senators — led by Finance Committee Chairman Max Baucus (D-Mont.) — has signaled it will exclude a government-run insurance option from the committee’s draft legislation that could be marked up next week.

    Leaving it out would be a major step toward attracting Republican support for President Barack Obama’s signature issue. But it also would alienate liberals, who say the effort is wasted without it and are preparing a barrage of amendments for the Finance markup.

    The House legislation has divided Democrats in that chamber along similar lines and is built around a public option to be paid for by raising taxes on the wealthy, an idea that has almost no chance of winning GOP votes. The Senate Health, Education, Labor and Pensions (HELP) Committee this month voted along partisan lines to approve legislation with a public option at its core.

    Infighting among House Democrats has led to an impasse at the Energy and Commerce Committee that is expected to prevent House Speaker Nancy Pelosi (D-Calif.) from meeting her deadline of completing work before the August recess.

    And on Tuesday it prompted Rep. Maxine Waters (D-Calif.) to hint that more liberal members of the party should consider challenging centrist Blue Dogs in next year’s primaries.

    Well. some Democrats know that they will have to run on Obamacare in 2010 with NO political cover and that will be – RISKY.

    Remember self-preservation on being re-elected TRUMPS party loyalty every time.


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  • Del.icio.us Links

    links for 2009-06-30

    • U.S. officials said Tuesday that a North Korean ship has turned around and is headed back toward the north where it came from, after being tracked for more than a week by American Navy vessels on suspicion of carrying illegal weapons.

      The move keeps the U.S. and the rest of the international community guessing: Where is the Kang Nam going? Does its cargo include materials banned by a new U.N. anti-proliferation resolution?

      The ship left a North Korean port of Nampo on June 17 and is the first vessel monitored under U.N. sanctions that ban the regime from selling arms and nuclear-related material.

      The Navy has been watching it — at times following it from a distance. It traveled south and southwest for more than a week; then, on Sunday, it turned around and headed back north, two U.S. officials said on condition of anonymity to discuss intelligence.

      (tags: north_korea)
    • Democrat Al Franken, a satirist turned politician, was declared the winner of a Senate seat in Minnesota on Tuesday, clearing the way for President Barack Obama's party to secure a critical 60-seat majority in the Senate.

      Ending one of the longest Senate races ever, the Minnesota Supreme Court unanimously rejected each of Republican Norm Coleman's five legal arguments that an earlier recount of the November 4 vote had been unfair. Coleman quickly conceded.

      Franken will become the 58th Senate Democrat, the most the party has had since 1981. Two independents routinely vote with the Democrats, giving the party the 60 votes needed to clear Republican procedural hurdles known as filibusters.

      (tags: Al_Franken)
    • Stocks fell sharply in midday trading Tuesday after a private research group said consumer confidence unexpectedly fell in June.

      Investors had been expecting the Conference Board's measure of consumer sentiment to hold steady following big jumps in April and May. Consumer confidence is closely watched because spending from consumers accounts for more than two-thirds of U.S. economic activity.

      The latest data on the troubled housing sector provided no help to the market.

      The number of homeowners at least two months behind or in foreclosure jumped in the first quarter from the previous quarter, a Treasury Department report said Tuesday. And much of the increase came from borrowers who had good credit.

    • U.S. consumer confidence took an unexpectedly steep slide in June, figures released on Tuesday showed, suggesting the 18-month-long recession had yet to loosen its grip on the economy.

      A separate report on April house prices in major cities offered some encouraging signs that the worst of the housing slump may be over, but that was not enough to lift investors' spirits. Another crop of economic data showed business activity in New York City and the Midwest remained weak, while retail chains slogged through a rough June.

      (tags: Economy)
    • To go through the 9,800 word profile/excoriation of Sarah Palin by Todd Purdum in Vanity Fair and Fisk it line by line would take an enormous amount of time and space, and probably more time than you’re willing to devote to reading it. So for now, the low-lights:
      (tags: sarah_palin)
    • Lefty journalist Todd Purdum has a hit piece in the new Vanity Fair on Sarah Palin. You don’t have to be a big Palin fan to recognize the article is full of dubious claims, and is dependent on self-serving stories provided on background by some of the people who ran the McCain campaign into the ground.
      Meanwhile, on the day Purdum’s piece hit the web (today), a journalist who had expressed suspicions in the past that elements of the McCain campaign had undercut Palin suddenly got a friendly e-mail from top McCain-Palin campaign strategist Steve Schmidt. This journalist hadn’t heard from Schmidt in months. Perhaps Steve was nervous someone would finger him for the Purdum piece.
    • Many people will dissect Todd Purdum's 9,800-word opus on the rise, fall, and continuing journey of Alaska Governor Sarah Palin, but perhaps readers ought to be a bit wary when they encounter sentences like this:

      Palin herself often sounds tired and resentful these days, as if wondering whether she should have blinked and just said no to John McCain.

      Telepathy is a great and rare gift, and I envy reporters who have been granted it through genetic mutation.
      Can she be simultaneously tired, resentful, and thinking she shouldn't have run for vice-president, and at the same time, nostalgic for the campaign trail, eager to return to national issues and focused on Washington D.C. beltway politics?

      Or is it that Sarah Palin is now a blank slate, upon which national magazine writers project whatever negative narrative they prefer?

      (tags: sarah_palin)
    • I assume that everybody has read the hit piece that will be published in the August edition of Vanity Fair. The Castroesque article is written by liberal writer Todd Purdam, the husband of former Clinton press secretary Dee Dee Myers. Bill Clinton actually doesn't think too highly of Purdam, notwithstanding his marriage to Myers:
    • There was a time earlier this year when Republican Pat Toomey was the skunk at the Republican establishment party, a conservative gadfly whose prospective primary challenge to Sen. Arlen Specter seemed to jeopardize GOP control of the seat.

      Even after Specter switched to the Democratic Party in April, party leaders continued to dismiss Toomey’s chances and looked elsewhere for a 2010 nominee.

      Today, however, the party is gradually falling in line behind his bid, setting aside reservations about his electability and getting accustomed to the idea of the former Club for Growth president as the GOP Senate nominee.

    • The Minnesota Supreme Court on Tuesday ordered that Democrat Al Franken be certified as the winner of the state's long-running Senate race.

      The high court rejected a legal challenge from Republican Norm Coleman, whose options for regaining the Senate seat are dwindling.

      Justices said Franken is entitled to the election certificate he needs to assume office. With Franken and the usual backing of two independents, Democrats will have a big enough majority to overcome Republican filibusters.

    • Despite her disastrous performance in the 2008 election, Sarah Palin is still the sexiest brand in Republican politics, with a lucrative book contract for her story. But what Alaska’s charismatic governor wants the public to know about herself doesn’t always jibe with reality. As John McCain’s top campaign officials talk more candidly than ever before about the meltdown of his vice-presidential pick, the author tracks the signs—political and personal—that Palin was big trouble, and checks the forecast for her future.
      (tags: sarah_palin)
    • A blockbuster Vanity Fair piece by Todd Purdum quotes many senior members of John McCain's presidential campaign team trashing Alaska Gov. Sarah Palin (R).

      "They can't quite believe that for two frantic months last fall, caught in a Bermuda Triangle of a campaign, they worked their tails off to try to elect as vice president of the United States someone who, by mid-October, they believed for certain was nowhere near ready for the job, and might never be."

      Said one aide: "I think, as I've evaluated it, I think some of my worst fears… the after-election events have confirmed that her more negative aspects my have been there… I saw her as a raw talent. Raw, but a talent. I hoped she could become better."

    • President Obama's Iran policy is incoherent and obsolete. Maybe David Axelrod should take note.

      On Sunday, Mr. Obama's consigliere was asked about Iran by ABC's George Stephanopoulos and NBC's David Gregory. Mr. Gregory asked whether there "should be consequences" for the regime's violent suppression of peaceful demonstrations. "The consequences, I think, will unfold over time in Iran," answered Mr. Axelrod.

      Mr. Stephanopoulos quoted Iranian President Mahmoud Ahmadinejad as saying that "this time, the Iranian nation's reply will be harsh and more decisive to make the West regret its meddlesome stance." Said Mr. Axelrod, "I'm not going to entertain his bloviations that are politically motivated." As for whether the administration wasn't selling short the demonstrators, Mr. Axelrod could only say that "the president's sense of solicitude with those young people has been very, very clear."

    • The Health and Human Services Department Monday rescinded three controversial Bush administration regulations governing Medicaid and said it would postpone and possibly change or rescind a fourth.

      The regulations were among seven that President George W. Bush ’s administration tried to implement in 2007 and 2008 that sent health care providers, state governments and advocates for the poor into a lobbying frenzy. Critics charged that the administration was trying to shift to the states, from the federal government, the burden for about $19.6 billion in Medicaid spending over five years. Medicaid, a health insurance entitlement program for the poor, is a shared federal-state program, and there is constant tension between the two over costs.

      (tags: Medicaid)
    • North Korea appears to be enriching uranium, potentially giving the state that has twice tested a plutonium-based nuclear device another path to making atomic weapons, South Korea's defense minister said on Tuesday.

      "It is clear that they are moving forward with it," Defense Minister Lee Sang-hee told a parliamentary hearing, adding such a programme was far easier to hide than the North's current plutonium-based activities.

      North Korea earlier this month responded to U.N. punishment for its most recent nuclear test in May by saying it would start enriching uranium for a light-water reactor.

      Experts said destitute North Korea lacks the technology and resources to build such a costly civilian reactor but may use the programme as a cover to enrich uranium for weapons.

      North Korea, which has ample supplies of natural uranium, would be able to conduct an enrichment programme in underground or undisclosed facilities and away from the prying eyes of U.S. spy satellites.

    • The last time Indiana missed its deadline for passing a budget and had to shut down the government was during the Civil War.

      But on Monday, as lawmakers raced to hammer out an agreement over school funding, state agencies began preparing 31,000 workers to be temporarily out of a job. Republican Gov. Mitch Daniels has warned residents that most of the state's services — including its parks, the Bureau of Motor Vehicles and state-regulated casinos — would be shuttered unless a budget is passed today.

      Indiana is one of five states — along with Arizona, California, Mississippi and Pennsylvania — bracing for possible shutdowns this week as time runs out for lawmakers to close billion-dollar gaps in their fiscal 2010 budgets.

      Of the 46 states whose fiscal year ends today, 32 did not have budgets passed and approved by their governors as of Monday afternoon, according to the National Conference of State Legislatures.

    • Former New York City Mayor Rudy Giuliani said Monday that he is considering running for governor in 2010.

      Appearing on CNN’s “American Morning,” Giuliani insisted that “I don’t know if I am or if I’m not” running for governor. But pushed further, the former Republican presidential candidate conceded that he is indeed “thinking about it.”

      “I don’t know if I’m at the point of seriously considering it,” he said. “It’s a little too early.”

      According to a June Quinnipiac University poll, Giuliani holds a 52 percent to 34 percent advantage over the unpopular Democratic Gov. David Paterson in a potential general election matchup.

      Giuliani’s chances, however, are less promising against a stronger Democratic opponent. In a potential general election matchup against Attorney General Andrew Cuomo, the same poll shows Giuliani trailing 51 percent to 39 percent.

      (tags: RudyGiuliani)