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View Full Version : Who received cushy ambassador to positions?



LWW
08-26-2011, 10:34 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">A new report from the Office of the Inspector General at the U.S. Department of State slams the tenure of U.S. Ambassador to Luxembourg Cynthia Stroum, one of the top fund-raisers for President Barack Obama and a prolific Democratic donor. Obama appointed her to the post in 2009. ...

Stroum bundled at least $800,000 for Obama's committees, including a minimum of $500,000 to assist his 2008 presidential campaign and $300,000 to help pay for his inauguration in January 2009. </div></div>

OH DEAR! (http://www.opensecrets.org/news/2011/02/democratic-financier-cynthia-stroum.html)

Qtec
08-26-2011, 10:52 AM
..and?

Why don't you put all your links into one post and that way everyone can ignore it... <u>and</u> you don't trash the board at the same time?

Q

LWW
08-26-2011, 10:57 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">..and?

Why don't you put all your links into one post and that way everyone can ignore it... <u>and</u> you don't trash the board at the same time?

Q </div></div>

Thank you for confessing that:

1 - You ignore all data critical of dear leader.

2 - You are just peachy with cronyism ... so long as it's dear leader and his cronies.

Not that I had any doubt.

Gayle in MD
08-26-2011, 11:02 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">..and?

Why don't you put all your links into one post and that way everyone can ignore it... <u>and</u> you don't trash the board at the same time?

Q </div></div>

He's afraid he won't get enough attention unless he continues to Tourette's post.

We need a new name for it, to indicate the typical Internet, Tourette's Poster who fills up a forum with his own rants 24 hours a day.

How about internet barking fits.

Maybe we could call him, Minimally Regarded.


/forums/images/%%GRAEMLIN_URL%%/laugh.gif


He'd get banned on most forums for Tourette's posting.

LWW
08-26-2011, 11:04 AM
Yet you both cyberstalk me as shadow posters?

Qtec
08-27-2011, 12:17 AM
Still suffering from memory loss?

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Of the 246 fundraisers identified by The Post as Pioneers in the 2000 campaign, 104 -- or slightly more than 40 percent -- ended up in a job or an appointment. A study by The Washington Post, partly using information compiled by Texans for Public Justice, which is planning to release a separate study of the Pioneers this week, found that 23 Pioneers were named as ambassadors and three were named to the Cabinet: Donald L. Evans at the Commerce Department, Elaine L. Chao at Labor and Tom Ridge at Homeland Security. At least 37 Pioneers were named to postelection transition teams, which helped place political appointees into key regulatory positions affecting industry.

A more important reward than a job, perhaps, is access. For about one-fifth of the 2000 Pioneers, this is their business -- they are lobbyists whose livelihoods depend on the perception that they can get things done in the government. More than half the Pioneers are heads of companies -- chief executive officers, company founders or managing partners -- whose bottom lines are directly affected by a variety of government regulatory and tax decisions.

When Kenneth L. Lay, for example, a 2000 Pioneer and then-chairman of Enron Corp., was a member of the Energy Department transition team, he sent White House personnel director Clay Johnson III a list of eight persons he recommended for appointment to the Federal Energy Regulatory Commission. Two were named to the five-member commission.

Lay had ties to Bush and his father, former president George H.W. Bush, and was typical of the 2000 Pioneers. Two-thirds of them had some connection to the Bush family or Bush himself -- from his days in college and business school, his early oil wildcatting in West Texas, his partial ownership of the Texas Rangers baseball team and the political machine he developed as governor.

"It's clearly the case that these networking operations have been the key driving Bush fundraising," said Anthony Corrado, a visiting scholar at the Brookings Institution and a political scientist at Colby College. "The fact that we have great numbers of these individuals raising larger and larger sums means there are going to be more individuals, postcampaign, making claims for policy preferences and ambassadorial posts." </div></div>

Q

LWW
08-27-2011, 04:29 AM
So your answer is ... unsurprisingly:

<span style='font-family: Comic Sans MS'><span style='font-size: 26pt'>B-B-B-BUT B-B-B-BOOOOSH!!!!</span></span>

It was wrong then ... it's wrong now.

You, OTOH, were told that you believed in "CHANGE" and that you were against "SAME" ... and you slavishly nodded in agreement.

Then, dear leader delivered "SAME" and told you that you had always wanted "SAME" and never believed in "CHANGE" ... and you slavishly nodded in agreement.

Qtec
08-27-2011, 04:38 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> It was wrong then ... it's wrong now</div></div>

Then it wasn't a big deal, now it is?

Q

Qtec
08-27-2011, 04:52 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">When<span style='font-size: 14pt'> Kenneth L. Lay,</span> for example, <span style='font-size: 14pt'>a 2000 Pioneer and then-chairman of Enron Corp.,</span> was a member of the <span style='font-size: 17pt'>Energy Department transition team</span>, </div></div>

So we have Ken Lay writing the Bush admins energy policy.

<span style='font-size: 17pt'>How did that turn out?</span>




<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Kenneth Lee "Ken" Lay (April 15, 1942 July 5, 2006) was an American businessman, <span style='font-size: 14pt'>best known for his role in the widely reported corruption scandal that led to the downfall of Enron Corporation.</span> Lay and Enron became synonymous with <span style='font-size: 14pt'>corporate abuse and accounting fraud</span> when the scandal broke in 2001. Lay was the CEO and chairman of Enron from 1985 until his resignation on January 23, 2002, except for a few months in 2000 when he was chairman and Jeffrey Skilling was chief executive officer (CEO).

On July 7, 2004, Lay was indicted by a grand jury on 11 counts of securities fraud and related charges.[1] On January 31, 2006, following four and a half years of preparation by government prosecutors, Lay's and Skilling's trial began in Houston. Lay was found guilty on May 25, 2006, of 10 counts against him; the judge dismissed the 11th. Because each count carried a maximum 5- to 10-year sentence, legal experts said Lay could have faced 20 to 30 years in prison.[2] However, he died while vacationing in Snowmass, Colorado on July 5, 2006, about three and a half months before his scheduled October 23 sentencing.[3] Preliminary autopsy reports state that he died of a heart attack caused by coronary artery disease. As a result of his death, on October 17, 2006, the federal district court judge who presided over the case vacated Lay's conviction.[4][5] There have been conspiracy theories surrounding his death.[6]</div></div>



<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001 was a situation in which California had a shortage of electricity <span style='font-size: 14pt'>caused by market manipulations and illegal shutdowns of pipelines by Texas energy consortiums. The state suffered from multiple large-scale blackouts,</span> one of the state's largest energy companies collapsed, and <u>the economic fall-out greatly harmed Governor Gray Davis's standing.</u>

Drought and delays in approval of new power plants[4] and market manipulation decreased supply. This caused 800% increase in wholesale prices from April 2000 to December 2000.[5] In addition, rolling blackouts adversely affected many businesses dependent upon a reliable supply of electricity, and inconvenienced a large number of retail consumers.

California had an installed generating capacity of 45GW, but at the time of the blackouts demand was 28GW. A demand supply gap was created by energy companies, mainly Enron, to create an artificial shortage. Energy traders took power plants offline for maintenance in days of peak demand to increase the price.[6][7] Traders were thus able to sell power at premium prices, sometimes up to a factor of 20 times its normal value. Because the state Government had a cap on retail electricity charges, this market manipulation squeezed the industry's revenue margins, causing the bankruptcy of Pacific Gas and Electric Company (PG&E) and near bankruptcy of Southern California Edison in early 2001.[8]

The financial crisis was possible because of <span style='font-size: 14pt'>partial deregulation legislation instituted in 1996 by Governor Pete Wilson. Enron took advantage of this deregulation and was involved in economic withholding and inflated price bidding in California's spot markets.</span>[9] The crisis cost $40 to $45 billion.[10] </div></div>

He was a buddy of GW.

Q

LWW
08-27-2011, 04:56 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> It was wrong then ... it's wrong now</div></div>

Then it wasn't a big deal, now it is?

Q </div></div>

Wrong ... but you should be used to that by now.

LWW
08-27-2011, 04:57 AM
Then why did the Clinton regime turn a blind eye to Lay's crimes and the Bush regime refuse to help them, and instead prosecute them?

I can take you to knowledge ... I can't make you think.

Qtec
08-28-2011, 03:11 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> So your answer is ... unsurprisingly:

B-B-B-BUT B-B-B-BOOOOSH!!!!</div></div>

Where have I heard that before???????? I know!


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Then why did the Clinton regime</div></div>


<span style='font-size: 17pt'>"...but .but..but...Clinton..."</span>


LOL


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">..and the Bush regime refuse to help them </div></div>

Yeah right. Only when they got caught.

link (http://articles.sfgate.com/2002-01-30/news/17527644_1_price-caps-wholesale-power-electricity-prices)

RECAP.


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">(CBS) When a forest fire shut down a major transmission line into California, cutting power supplies and raising prices, Enron energy traders celebrated, CBS News Correspondent Vince Gonzales reports.

"Burn, baby, burn. That's a beautiful thing," a trader sang about the massive fire.

<span style='font-size: 26pt'>Four years after California's disastrous experiment with energy <span style="color: #990000">deregulation</span>,</span> Enron energy traders can be heard on audiotapes obtained by CBS News gloating and praising each other as they helped bring on, and cash-in on, the Western power crisis.

"He just f---s California," says one Enron employee. "He steals money from California to the tune of about a million."

"Will you rephrase that?" asks a second employee.

"OK, he, um, he arbitrages the California market to the tune of a million bucks or two a day," replies the first.

The tapes, from Enron's West Coast trading desk, also confirm what CBS reported years ago: that in secret deals with power producers, traders deliberately drove up prices by ordering power plants shut down.

"If you took down the steamer, how long would it take to get it back up?" an Enron worker is heard saying.

"Oh, it's not something you want to just be turning on and off every hour. Let's put it that way," another says.

"Well, why don't you just go ahead and shut her down."

Officials with the Snohomish Public Utility District near Seattle received the tapes from the Justice Department.

"This is the evidence we've all been waiting for. This proves they manipulated the market," said Eric Christensen, a spokesman for the utility.

That utility, like many others, is trying to get its money back from Enron.

<span style='font-size: 14pt'>"They're f------g taking all the money back from you guys?" complains an Enron employee on the tapes. "All the money you guys stole from those poor grandmothers in California?"

"Yeah, grandma Millie, man"

"Yeah, now she wants her f------g money back for all the power you've charged right up, jammed right up her a------ for f------g $250 a megawatt hour."</span>

<span style='font-size: 17pt'>And the tapes appear to link top Enron officials Ken Lay and Jeffrey Skilling to schemes that fueled the crisis </span></div></div>

So, they deregulated the energy market and it was a disaster.
They deregulated the banks and it was a disaster.

..and the GOP says, "too many regulations!"







Q

LWW
08-28-2011, 10:05 AM
Actually ... neither is true.

What happened, back to reality, is that we had gubmint and corporate merging ... and regulators who watched and did nothing.

Thanks however for, again, pointing out that the criminality occurred under the Clinton regime ... and you will bray HEE-HAW B-B-B-BOOOOSH HEE-HAW!!! along with all the other brainwashed jackarses.

Soflasnapper
08-28-2011, 04:57 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">Then why did the Clinton regime turn a blind eye to Lay's crimes and the Bush regime refuse to help them, and instead prosecute them?

I can take you to knowledge ... I can't make you think. </div></div>

Uh, because those crimes occurred after the Enron Loophole or Exception was made law in later December, 2000? And Clinton left office but a month later?

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">If most of the public has forgotten Gramm, Wall Street hasn't. As chair of the Senate Banking Committee in 2000, Gramm attached a complex, 262-page amendment to an omnibus appropriations bill moving toward passage as Congress was moving toward Christmas recess. Written by Wall Street investment-bank lawyers, the Commodity Futures Modernization Act had no hearing before any committee and was unread by almost every member of Congress. It mandated sweeping deregulation of investment banks, declaring off-limits to regulators most over the counter derivatives, credit derivatives, credit defaults, and swaps.

[...]

The current economic crisis is not the first one made possible by Phil Gramm's commodity futures act. Gramm's wife, Wendy, served on the Commodity Futures Trading Commission from 1983 to 1993. As a commissioner, she helped develop many of the trading rules her husband turned into law in 2000. When Mrs. Gramm left the commission, she joined the corporate board of Enron, when the Texas-based gas-pipeline company was reinventing itself as a commodities trading combine, with its own "trading floor" in Houston. In his book Pipe Dreams, Robert Bryce describes Enron's on-line commodities trading, which could not have developed as it did without a key provision in Senator Gramm's commodities futures act.

The "Enron exception" that Senator Gramm included in the act protected all on-line derivatives from federal regulation, even when they were designed to defraud investors. It did seem like a conflict of interest that Senator Gramm was passing a law that would benefit his spouse, who was being paid by a corporation that would reap enormous benefits from its passage. And although the glaringly evident conflict was reported in some news outlets, the Gramms emerged unscathed from the situation. </div></div>

From the Washington Spectator (http://www.washingtonspectator.org/articles/20080415fyi.cfm)

LWW
08-28-2011, 05:53 PM
So you finally get it about the repeal of Glass-Stegall and it's replacement with Gramm-Leach-Bliley (SP?).

That is encouraging.

That however wasn't part of ENRON's undoing.

ENRON's undoing was Jeffrey Skilling and his illegal accounting tactics, especially following his promotion to COO in 1997.

The Clinton era regulators bought the bogus financials without qualm nor trepidation in 1997/98/99/2000 ... even though ENRON was showing revenue growth unprecedented in US corporate history.

The system was so complex that it was cracked by a 30 year old writer named Bethany McLean in March of 2001.

Following that, the wheels fell off. ENRON went hat in hand to the Bush Treasury seeking a bailout ... and was shown the door.

Your tenacity in ignoring the guilt of the guilty and condemning the innocent is however duly noted.