The Most Corrupt U.S. Govt Bank Goes Dark

This is a small win for conservatives, but more it stops epic abuse and pay to play operations. The Exim Bank is for small business to be able to get global access. Would you consider Boeing or General Electric to be small?

 

(CNSNews.com) – Three corporations together received 44 percent of the Export-Import Bank’s $32.7 billion in assistance in 2011 – a total of $13.5 billion in federal financial aid. The three were Boeing, General Electric and international engineering firm Black and Veatch International.

Boeing alone received 38 percent of the bank’s financial assistance, or $12.4 billion ($11.7 billion for the mother company and another $700 million for its Boeing Satellite Systems subsidiary.)

General Electric received $1.2 billion while Black and Veatch received $805 million, according to the bank’s 2011 annual report.

The Export-Import Bank, whose authorization runs out in seven weeks’ time, is opposed by some conservatives who argue that it provides corporate welfare and below-market financing.

***  “The global economy is more integrated than ever … If we’re going to grow, it’s going to be because of exports. We’re on track to double our exports – a goal that I set when I came into office. Part of the reason for that is the terrific work that’s being done by our Export-Import Bank.”
President Barack Obama
November 12, 2011

It should be noted that the White House and the State Department had their hands all over this loan give-away agency. Note this is a State Department website link proving collusion and pay to play.

From the Washington Examiner:

Export-Import Bank enters ‘liquidation’ tomorrow night at midnight

Tuesday night at midnight, the 2014 reauthorization of the Export-Import Bank expires. The agency, under law, doesn’t evaporate immediately. Instead, per the law, Ex-Im enters “liquidation,” which is basically Chapter 7 bankruptcy.

Specifically, Ex-Im’s authorization allows it to continue to exist for one purpose: “exercising any of its functions subsequent to such date for purposes of orderly liquidation….”

Liquidation is Chapter 7 bankruptcy — which is exit, extinction. It is not Chapter 11 bankruptcy, which is what companies enter temporarily in order to reorganize and then come back. Ex-Im workers, when they return Wednesday morning, are supposed to be in the business of dismantling Ex-Im.

As I read it, that means Ex-Im is supposed to sell off the loans and guarantees on which it is currently sitting — not in a fire sale, but in an orderly fashion.

This isn’t a “lapse.” This is liquidation. I know many Ex-Im employees simply see this as a temporary lapse in lending authority, but that view is contrary to the law.

It will be interesting to see how Ex-Im officials follow the law.

Here is the full text of the relevant section of the law:

Export-Import Bank of the United States shall continue to exercise its functions in connection with and in furtherance of its objects and purposes until the close of business on September 30, 2014, but the provisions of this section shall not be construed as preventing the bank from acquiring obligations prior to such date which mature subsequent to such date or from assuming prior to such date liability as guarantor, endorser, or acceptor of obligations which mature subsequent to such date or from issuing, either prior or subsequent to such date, for purchase by the Secretary of the Treasury or any other purchasers, its notes, debentures, bonds, or other obligations which mature subsequent to such date or from continuing as a corporate agency of the United States and exercising any of its functions subsequent to such date for purposes of orderly liquidation, including the administration of its assets and the collection of any obligations held by the bank.

 

 

Obama, the Conductor of Chaos

Barack Obama holds the baton to an anti-American orchestra of tuned, tested, rehearsed instruments. The production is mismanaged, sour to the ears and causes people to leave the arena when the verses are not American and in cadence with allies. The entire governmental score is tyrannical and abusive.

His performance however, is well driven by inside marxist, communists and socialist operators who themselves have tuned, tested and rehearsed instruments where it is in harmony with enemies of America. How about Hugo Chavez, Mohammed Morsi or the Taliban? Then there is Iran.

Three branches of government have been reduced to one, where Conductor Obama has ruled with a pen and a phone and otherwise political extortion. Up to the point where Senate majority leader, Harry Reid lost his leadership post, he functionally stopped and paralyzed the people’s work on Congress to protect Barack Obama.

All the while, Maestro Obama had his was working his intonations on the Supreme Court with his choice picks of Elena Kagan and Sonia Sotomayor, swinging the black robe influence to a more left octave. The court is broken when one sees the real dissention between the justices when not on the bench.

Obama has led an opus where the very social and civil structure in America has been thrown into turmoil. Border Patrol has no clue how to enforce immigration laws, they abide to DHS memos written by Secretary Jeh Johnson. Historical flags and icons are to be removed and gender designated bathrooms are now without any designation.

The fundamental security of government personnel and documents of several agencies has been compromised by an epic cyber intrusion and that finale is from over as the damage will be ongoing for years.

The very personal concern of having access to healthcare has reached a crisis pitch such that insurance deductibles are financially bending and having a doctor’s appointment is a future dream. Nothing is more demonstrative of this condition than that of the Veteran’s Administration where there is a slow death waltz.

Barack Obama performed a medley of government fraud and extortion using the IRS, the EPA, the DoJ, ATF, Education, HUD and HHS to name a few.

Off our shores, conditions are much worse. Barack Obama has modulated a score of retreat while his measure of sympathy to Islam in pure nocturne. His administration led of early in 2009 with the Cairo speech where the ligature plays out today throughout the Muslim world. The retreat from Iraq and his shallow threat of a ‘red-line’ have prove deadly in the whole region, a modern day holocaust. And mostly sadly of all was allowing 4 Americans to perish in Libya with no hope of security, support or rescue.

The most grave of the Obama coda is the terror and dying of Christians.

The building crescendo of Obama will be the nuclear agreement with Iran where Israel, Saudi Arabia, Europe and America as the great Satan will be his encore.

The stretto of the Obama symphony is defined here in an excellent summary by Stephen Hayes of The Weekly Standard.

There are several months left for the conductor of chaos to work his baton and that tremolo is clearly upon us and the world.

 

 

 

 

 

Presidential Senator Candidates Take Big Lobby $$

Hillary was a Senator and just recently a lobby issue could be a problem given the Transpacific Partnership Pact that is so contentious in the country right now.

Per Lee Fang: While Hillary Clinton has demurred over her position on the controversial Trans-Pacific Partnership trade deal, her campaign has partnered with a pro-TPP law and lobby firm to raise money.

At The Intercept, Lee Fang reports that Clinton’s campaign held a fundraiser in Washington, D.C. on Wednesday with the political action committee of a law firm called McGuireWoods. Lobby registration documents reveal that a subsidiary of the group lobbies on behalf of Smithfield Foods, the world’s largest producer of pork, to pass both the TPP and “fast track”—a special presidential mandate that nearly eliminates Congress’ role in crafting trade legislation.

The fundraiser occurred as Congress rescheduled a vote on fast track, also known as Trade Promotion Authority (TPA).

Fang continues:

Despite mounting pressure to take a position, Clinton has only provided [noncommittal] answers regarding her stance on both TPP and TPA. On Sunday, at a rally in Iowa, Clinton said there should be better protections for American workers and called for the president to work with Democrats in Congress — hardly a clarifying statement. Earlier that day, her chief pollster dismissed a call from ABC News’ George Stephanopoulos to provide a clear stance on TPA, casting the issue as simply “Washington inside baseball.”

For the event in D.C., billed as a “Conversation with John Podesta, Campaign Chair,” the Clinton campaign website said that I could learn the exact location only after RSVPing through a donation. I gave one dollar to find out. Apparently, that wasn’t enough. Instead of providing the address of the fundraiser as the campaign website had said it would, the campaign directed me to a site where I could volunteer.

Lobby money owns Washington DC, of this there is no dispute. The 10 largest lobby operations include the following industries:

The Technology lobby, the Mining lobby, the Defense lobby, the Agriculture lobby, Big Oil lobby, the Financial lobby, the Big Pharma lobby, the AARP lobby, the Pro-Israel lobby and the National Rifle Association lobby. The primer of these lobby groups is found here.

So what Senators that are running for president are on some lobby dollar hooks?

From Open Secrets:

Three of five senators running for WH have big backing from lobbyists

Three of the five U.S. senators running for president have made super-fans out of a few K Street lobbyists, an analysis of campaign finance data by OpenSecrets Blog shows.

Republican Sens. Marco Rubio (R-Fla.), Ted Cruz (R-Texas) and Lindsey Graham (R-S.C.) have each raised hundreds of thousands of dollars from current or one-time federal lobbyists throughout their careers, the analysis shows. Sen. Rand Paul (R-Ky.) has raised $82,050 from the same pool and Sen. Bernie Sanders‘ (D-Vt.) total fundraising haul from lobbyists stands at an even more paltry $50,075.

Neither Sanders nor Paul have hidden their disdain for lobbyists, so there’s some logic to their low fundraising totals from those in the profession. Both candidates, in their announcement speeches, railed against those who want to influence politics with money — Sanders referred to “billionaires…and their lobbyists,” Paul called them “special interests” — and struck similar tones.

“Both [Paul and Sanders] have publicly decried the influence of corporations in American public life,” Joshua Rosenstein, a Washington, D.C.-based lawyer and expert on lobbying, said. “If you are a corporation, is it possible that you view each of them as relative lost cause? Sure.”

For some candidates, it’s not bad politics to keep K Street at arm’s length. In 2008 and 2012, Barack Obama pledged not to accept donations from lobbyists and refunded money to those who did contribute. After taking office, he barred federally registered lobbyists from joining advisory boards in his administration, before partially rolling back that ban last year.

But no 2016 hopeful has followed that lead, as the Wall Street Journal reports. And setting Paul and Sanders aside, the other senators running for president have already wooed a handful of lobbyists with deep pockets and a willingness to give to anyone who might help their clients.

In all, Graham has taken in $753,841 during his congressional career from current or one-time federally registered lobbyists who contributed more than $200 to him. Rubio and Cruz have received $571,952 and $265,043 from the same group, respectively. Those sums include donations to the senators’ campaign committees and leadership PACs.

Rubio, Cruz and Graham each have at least one lobbyist donor who, along with their spouses in some cases, has given in excess of $20,000 to the candidate’s campaign and PAC. Rubio has Ignacio Sanchez, a presidential bundler for Mitt Romney in 2012 from the firm DLA Piper; he represents Al Jazeera Satellite Network and Diageo PLC. Cruz has lobbying revolver Charles Cooper of Cooper & Kirk and his wife, Debra.

Graham, a senator since 2003, has enjoyed financial support from current or former lobbyists longer than his GOP Senate colleagues running for president. William H. Skipper, Jr. of the American Business Development Group, Reed Scott of Chesapeake Enterprises and his wife, and presidential bundler Van D. Hipp of American Defense International and his wife, have each given Graham more than $20,000 over the years.

The most Paul has received from any one lobbyist barely tops $6,000; that came from Charles Grizzle of Grizzle Co., who currently represents several Kentucky-based clients like the University of Louisville and the Louisville Regional Airport Authority. Sanders topped out at $3,000 from Nancy Zirkin of the Leadership Conference on Civil Rights and her husband.

The data analysis only covered sitting U.S. senators. Other presidential candidates or potential candidates who have served in federal office, like former Sen. Hillary Clinton (D-N.Y.) and one-time House member, now governor, John Kasich (R-Ohio), haven’t run a Senate or House campaign in some time. And for former governors like Rick Perry and Jeb Bush, state data on which of their donors were lobbyists isn’t available. Fundraising reports for candidates’ presidential campaigns won’t be available till mid-July, and the super PACs backing them don’t have to report until the end of that month.

Still, it’s clear that the non-Senate candidates also have their eyes on K Street money. Clinton has already reached out to prominent lobbyists on her side of the aisle, while Jeb Bush started seeking commitments from Washington allies even earlier this year. Lobbyists are reportedly starting to line up behind him.

Despite that fact that making contributions may be good for business, Rosenstein noted, many lobbyists also donate for ideological reasons.

“While they certainly have to be pragmatists about what they’re doing…and that certainly drives some of the giving,” he said, “there might very well be an equal or greater ideological segment of the lobbying community that aren’t driven by pragmatic reasons,” Rosenstein said.

 

Illegal Immigrants, the DOJ Protected Class

Just the facts as reported to Fox News:

‘Not only are illegal immigrant women and children continuing to cross the border in large numbers, but the majority charged with crimes aren’t even showing up for court.

“That strategy is obviously a complete failure because such a high percentage of these people who were not detained have simply melted into the larger illegal population and have no fear of immigration enforcement,” said Jessica Vaughan, director of policy studies for the Center for Immigration Studies.

Statistics released by the Department of Justice Executive Office of Immigration Review show 84 percent of those adults with children who were allowed to remain free pending trial absconded, and fewer than 4 percent deported themselves voluntarily.

Since then, ICE detained 83,385 adults and children, and immigration courts completed 24,842 cases. Of those, more than 64 percent, or 16,136, didn’t show up for court, and fewer than 4 percent, or 908, agreed to leave voluntarily.

Among adults with children not detained, 25,000 have had their initial appearance; 13,000 are still in the system, and 12,000 have had their cases completed. Of the cases completed, 10,000 failed to appear.’

Yes…there is more.

We have this 2011 memo, rather edict from the Department of Homeland Security stating the new guidance for ‘failure to appear’ is not a reason for continued detention or prosecution.

Then there is the November 2014 memo, stating that Secure Communities program has been terminated due to complaints by local legislative bodies, governors and mayors and this will take its place:

‘Accordingly, I am directing U.S. Immigration and Customs Enforcement (ICE) to discontinue Secure Communities. ICE should put in its place a program that will continue to rely on fingerprint-based biometric data submitted during bookings by state and local law enforcement agencies to the Federal Bureau of Investigation for criminal background checks. However, ICE should only seek the transfer of an alien in the custody of state or local law enforcement through the new program when the alien has been convicted of an offense listed in Priority 1 (a), (c), (d), and (e) and Priority 2 (a) and

(b) of the November 20, 2014 Policies for the Apprehension, Detention and Removal of Undocumented Immigrants Memorandum, or when, in the judgment of an ICE Field Office Director, the alien otherwise poses a danger to national security. In other words, unless the alien poses a demonstrable risk to national security, enforcement actions through the new program will only be taken against aliens who are convicted of specifically enumerated crimes.’ The full memo is here.

So, when it comes to a protected class, there are countless free programs full of advise on how to take advantage of the system and benefits.

 

U.S. Citizenship and Immigration Services (USCIS)

U.S. Citizenship and Immigration Services (USCIS) is the government agency that oversees lawful immigration to the United States. USCIS will secure America’s promise as a nation of immigrants by providing accurate and useful information to our customers, granting immigration and citizenship benefits, promoting an awareness and understanding of citizenship, and ensuring the integrity of our immigration system. www.uscis.gov

USCIS Asylum Program resources include an information guide for prospective asylum applicants available in a number of languages, “How Do I” Guides for Refugees and Asylees, and the Asylum Officer Basic Training Course Lesson Plan. For more information, visit www.uscis.gov/asylum.

E-Verify is an Internet-based system that allows an employer, using information reported on an employee’s Form I-9, to determine the eligibility of an employee to work in the United States. For most employers, the use of E-Verify is voluntary and limited to determining the employment eligibility of new hires only. There is no charge to employers to use E-Verify. Available resources include searchable web pages, demonstration videos, guides on employee rights and employer responsibilities, fact sheets, weekly webinars, an overview presentation, brochures and posters for employers and employees. USCIS also has speakers and trainers available to give live presentations at conferences and meetings across the country. See http://www.dhs.gov/everify. Contact [email protected], (888) 464-4218 with any questions or comments.

Civics and Citizenship Toolkit – A Collection of Educational Resources for Immigrants contains a variety of educational materials designed to help permanent residents learn more about the U.S. and prepare for the naturalization process. For more information, visit http://www.citizenshiptoolkit.gov.

Expanding ESL, Civics, and Citizenship Education in Your Community: A Start-Up Guide provides an overview and recommendations to help organizations design and offer ESL and civics/citizenship classes for immigrants. See http://www.uscis.gov/USCIS/Office%20of%20Citizenship/Citizenship%20Resource%20Center%20Site/Publications/PDFs/M-677.pdf.

Form I-9, Employment Eligibility Verification, is a form that U.S. employers and their new hires have been required to complete since November 6, 1986. Completion of the form shows that the employer has examined documentation from each newly hired employee to verify his or her identify and eligibility to work in the U.S. Available resources include a Form I-9 web page, the M-274, Handbook for Employers, Instructions for Completing Form I-9, and the How Do I Complete Form I-9, Employment Eligibility Verification? (M-584) brochure. See http://www.uscis.gov. Call (888) 464-4218 with any questions or comments.

USCIS Genealogy Program is a fee-for-service program providing family historians and other researchers with timely access to historical immigration and naturalization records. The USCIS Genealogy Program offers two services: Index Search using biographical information provided by the researcher and a Record Copy Request where researchers with valid record citations (USCIS file numbers), gained through a USCIS Genealogy Program index search or through independent research, may request copies of historical immigration and naturalization records. Questions about the USCIS Genealogy Program may be sent to [email protected]. For more information, see http://www.uscis.gov/portal/site/uscis/menuitem.eb1d4c2a3e5b9ac89243c6a7543f6d1a/?vgnextoid=d21f3711ca5ca110VgnVCM1000004718190aRCRD&vgnextchannel=d21f3711ca5ca110VgnVCM1000004718190aRCRD.

Guide to Naturalization contains information about the naturalization process, laws and regulations. See http://www.uscis.gov/files/article/M-476.pdf.

If You Have the Right to Work, Don’t Let Anyone Take it Away Poster is a poster with Department of Justice information regarding discrimination in the workplace. See http://www.uscis.gov/files/nativedocuments/e-verify-swa-right-to-work.pdf.

USCIS Citizenship Resource Center USCIS officially launched the Citizenship Resource Center – a Web-based portal that centralizes citizenship resources for immigrants, educators and organizations. This free, easy-to-use website will help users understand the naturalization process and gain the necessary skills to be successful during the naturalization interview and test. To visit the Citizenship Resource Center, see http://www.uscis.gov/citizenship.

USCIS Information for Employers and Employees on the employment authorization verification process and the immigration petition process. See http://www.uscis.gov/portal/site/uscis/menuitem.eb1d4c2a3e5b9ac89243c6a7543f6d1a/?vgnextoid=ff1d83453d4a3210VgnVCM100000b92ca60aRCRD&vgnextchannel=ff1d83453d4a3210VgnVCM100000b92ca60aRCRD. For more information contact [email protected].

USCIS Information for Prospective Adoptive Parents provides information about adopting a child from overseas and the process by which to do so, dependent on the country chosen to adopt from. See http://www.uscis.gov/portal/site/uscis/menuitem.eb1d4c2a3e5b9ac89243c6a7543f6d1a/?vgnextoid=8d5e901bf9873210VgnVCM100000082ca60aRCRD&vgnextchannel=8d5e901bf9873210VgnVCM100000082ca60aRCRD

See all 3 pages here. In summary, if foreign policy was effective, no country would have a fleeing class of people from a failed state. There are many to blame of this one.

 

America Recovery Reinvestment Act, NOT SO Much

When one visits the government website www.recovery.gov, these description reads that the board is a non-partisan, non-political agency and then in bold letter in a heading it also reads ‘The Recovery Accountability and Transparency Board’.

Additionally the site mission statement reads: “To promote accountability by coordinating and conducting oversight of Recovery funds to prevent fraud, waste, and abuse and to foster transparency on Recovery spending by providing the public with accurate, user-friendly information.”

Sheesh note the one particular case below and then ask yourself if there is a violation.

From Watchdog.org:

Company that got millions from U.S. taxpayers now profits Chinese owners

The good news is electric car battery maker A123 Systems is finally on track to turn a profit.

The bad news is taxpayers don’t figure to see any of the $133 million the federal government spent and the estimated $141 million in tax credits and subsidies secured from Michigan to help the company take off in 2009, only to see A123 Systems crash, declare bankruptcy in 2012 and then get purchased by a privately held Chinese conglomerate.

“In the case of A123, they created some jobs and a year or two later those jobs were gone, so taxpayers weren’t getting that money back,” said Jarret Skorup, a policy analyst at Michigan’s Mackinac Center, a free-market think tank .

Earlier this month, CEO Jason Forcier announced that A123 Systems’ parent company, the China-based Wanxiang Group, will spend $200 million to double the capacity of three lithium-ion battery plants, including two in suburban Detroit.

Forcier told Crain’s Detroit Business that A123 Systems is expected to generate $300 million in revenue this year and plans to double that amount by 2018. The company, Forcier said, will turn a profit for the first time in its history in 2015.

“The strength of A123 has never been greater and we are honored to be expanding our existing customer relationships and establishing new ones at the same time,” Forcier said in a company news release.

It would mark a dramatic turnaround for the company that was on the verge of collapse when Wanxiang bought it a little more than two years ago at a stripped-down price of $256.6 million. 

But finding out if taxpayers will ever see any of their money back is another matter.

Watchdog.org sent an email and left two voicemail messages with A123 Systems, asking whether any refunds are coming or if — under the terms of the bankruptcy — Wanxiang is under no financial obligation to do so.

The one-sentence response from Paulette Spagnuolo, A123’s marketing and communications manager: “A123 continues to meet and exceed all of the terms of the state and federal grants including all job creation, repayment and investment requirements.”

Spagnuolo did not respond to inquiries asking her to elaborate.

Skorup says the money is gone for good.

“There are a lot of local and state rebates and they are largely upfront costs, so yes, taxpayers are sunk on those,” Skorup told Watchdog.org in a telephone interview. “They’re not going to be getting money back from them … Michigan doesn’t require (A123 Systems) to pay them back anyway.”

How much money?

On the federal level, A123 Systems was originally slated to receive $249 million in grants from the U.S. Department of Energy in 2009 to build production facilities in the towns of Romulus and Livonia, Michigan — just $7.6 million less than Wanxiang eventually bought the entire company for four years later.

But A123 Systems ran into trouble early on. After some of its batteries were involved in a recall for the company’s biggest customer, the electric car company Fisker Automotive, the company’s federal grant was cut off after A123 received $133 million. 

Figuring out how much Michigan passed out has been more difficult.

The Detroit Free Press and the Mackinac Center have been rebuffed in attempts to see how much of an investment the state made in A123 Systems because the Michigan Economic Development Corporation will not disclose specifics.

Skorup estimates Michigan approved A123 Systems for $100 million in a tax credit program and another $41 million in subsidies.

“How much they actually cashed in those we don’t know,” Skorup said. “We’ve tried to find out, but the state won’t give it to us … they say it’s a private contract.”

The federal money was part of the stimulus package and a green-tech initiative the Obama administration touted would spur economic success.

A123 Systems was one of a number of Michigan battery companies that received a surge of tax credits from the state in 2009, but the incentives did not spur the jobs and dollars that were promised.

Detroit Free Press estimated $861 million in Obama administration grants were awarded in the fledgling Michigan battery industry and another $543 million in state tax credits were awarded during the administration of then-Gov. Jennifer Granholm, a Democrat.

Most of the Michigan business tax credit program was eliminated by current Gov. Rick Snyder, a Republican. However, companies that had already secured the tax incentives were allowed to keep them.

“The general lesson for policy makers is that they make very poor venture capitalists because they’re not spending their own money,” said Skorup. “They’re spending other people’s money and those politicians weren’t putting their own stock portfolios into A123 Systems. They were putting taxpayer money into them.

“And the lesson for taxpayers should be, when politicians are making these claims about job projections they should be extremely skeptical. In Michigan, almost none of those — we’ve done multiple studies, other news organizations have done multiple studies — reach the actual projections that they promise.”

“Just because the jobs haven’t happened ‘yet,’ it doesn’t mean that cracking the code to vehicle batteries was the wrong strategy,” Granholm told the Free Press in March 2014.

President Obama appeared by remote broadcast for the grand opening of the A123 Systems Livonia plant in the fall of 2010, an event hosted by Granholm.

“Thanks to the Recovery Act, you guys are the first American factory to start high-volume production of advanced vehicle batteries,” Obama said at the time.

Skorup told Watchdog.org  the video of the event was taken down by the Michigan Economic Development Corporation, but the Mackinac Center, a sharp critic of the battery plan from the start, retained a copy of it: