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Business Archive:

20080812

John McCain

Ralph Reed

Jack Abramoff

Grover Norquist

Politics

Georgia

Arizona

2008 Election

"McCain ignoring calls to cancel controversial fundraiser." ... "[2008 Election] Republican presidential candidate John McCain so far is ignoring calls from several watchdog groups to cancel an Atlanta [Georgia] fundraiser promoted by [Georgia Republican] Ralph Reed, a longtime friend and business partner of imprisoned [Republican] lobbyist Jack Abramoff." ... "Public Citizen, Citizens for Responsibility and Ethics in Washington (CREW), and Campaign Money Watch are urging the Arizona senator to cancel plans for the [August] Aug. 18 fundraiser at the Marriott Marquis in downtown Atlanta and remove Reed from McCain’s Victory 2008 Team." ... "Reed lost his 2006 campaign for Georgia lieutenant governor in large part because of details about his relationship with Abramoff — much of the information uncovered by McCain’s Indian Affairs Committee investigation into the wide-ranging lobbying corruption scandal." ... "The Senate probe discovered $4 million in payments Reed accepted to run a bogus anti-casino campaign aimed at reducing gambling competition. An Indian tribe with a competing casino made payments to Reed, which according to the Senate investigation’s final report, were “passed through” Abramoff’s firm, Preston, Gates, Ellis & Rouvelas Meeds, and another organization, Grover Norquist’s Americans for Tax Reform." -By Susan Crabtree

-TheHill.com

Bob Perry

Bob Schaffer

Colorado

Texas

Money

Politics

2008 Election

"Swift Boat Vet Financier Dumping Huge Money Into Key Senate Race." ... "[Texas Republican] Bob Perry, the wealthy businessman who bankrolled the Swift Boat Veterans For Truth to the tune of several million dollars, has a new cause: He's lavishing huge funds on the conservative group Club for Growth, which is in turn putting big money behind GOP [GOP=Grand Old Party=Republican] candidates in key Senate races." ... "Perry has just plowed a whopping $400,000 into the coffers of the Club for Growth, the big right-wing group that advocates for conservative economic policies, the latest FEC [Federal Election Commission] records show." ... "Club For Growth, in turn, is now spending about $227,000 of that money to air an attack ad in Colorado against [Colorado Democratic Senate Candidate] Mark Udall, who is the presumptive Dem nominee is going up against scandal-plagued [Colorado Republican] GOP Senate candidate Bob Schaffer." -By Greg Sargent and Eric Kleefeld

-ElectionCentral - TalkingPointsMemo.com

20080810

John Edwards

John McCain

Media

Politics

2008 Election

Obama

Family

People

Money

History

"Catching the Wrong John: Why Are the Media Talking about John Edwards' Infidelity If They Aren't Going to Talk about John McCain's?" ... "If John Edwards' infidelity is news, and he's not a candidate for anything, why isn't [2008 Election Republican Presidential Candidate] John McCain's? He reportedly had numerous affairs in the years after returning home from Vietnam to a beautiful wife who had been disfigured in a car accident, and ultimately, by his own reports, he zeroed in like a laser on beautiful a 25-year-old heiress upon meeting her one evening in 1979 while he was still married, promptly lied to her about his age, and almost as promptly left his wife for her. We all extol John McCain for enduring 5 years of extreme hardship in Vietnam. But aren't his first wife's circumstances much like Elizabeth Edwards'? After all, the first Mrs. McCain waited in agony (and presumably fidelity) during those five long years for her beloved husband to return from Vietnam, raising their children while he was away and undergoing dozens of painful operations herself, only to be repaid by a philandering husband who ultimately left her for a younger woman." ... "Now personally, I don't think anybody's sex life has any bearing on a campaign, except to the extent that the candidate runs as a hypocrite, extolling family values, fighting gays while fighting his own gay demons, etc. But John McCain is increasingly making this campaign about character, and his actions over many years suggest some worrisome patterns that fly in the face of the entire story he tells about himself. Setting aside his cheating on his first wife, what about his attending to something other than the people's business as a member of the Keating Five (and ultimately contributing to a bailout that cost middle class American taxpayers the equivalent of nearly half a trillion in 2008 tax dollars -- imagine the middle class tax break we could offer if we weren't still paying off the principal and debt on that boondoggle); or hiring the most dishonest, amoral campaign team money could buy in 2008; or generating one fabricated or grossly misleading charge after another against [2008 Election Democratic Presidential Candidate Barack] Obama in the last three weeks (as in his sleazy new tax ad where, for example, he says Obama would raise taxes on small businesses when Obama has never proposed anything of the sort)? Like [Republican] George W. Bush, he doesn't seem like a man who once was lost but now is found. He [McCain] seems more like a man's whose principles are soluble in self-interest." -By Drew Westen

-HuffingtonPost.com

20080806

John McCain

Oil

Politics

Military

2008 Election

Arizona

Calif

Fla

Iraq

International

"Bundler Collects From Unlikely Donors." ... "The bundle of $2,300 and $4,600 checks that poured into [2008 Election Republican Presidential Candidate and Arizona Senator] Sen. John McCain's presidential campaign on March 12 came from an unlikely group of California donors: a mechanic from D&D Auto Repair in Whittier [California], the manager of Rite Aid Pharmacy No. 5727, the 30-something owners of the Twilight Hookah Lounge in Fullerton [California]." ... "But the man who gathered checks from them is no stranger to McCain -- he shuttled the Republican on his private plane and held a fundraising event for the candidate at his house in Delray Beach, Fla [Florida]." ... "Harry Sargeant III, a former naval officer and the owner of an oil-trading company that recently inked defense contracts potentially worth more than $1 billion, is the archetype of a modern presidential money man." ... "Some of the most prolific givers in Sargeant's network live in modest homes in Southern California's Inland Empire. Most had never given a political contribution before being contacted by Sargeant or his associates. Most said they have never voiced much interest in politics. And in several instances, they had never registered to vote. And yet, records show, some families have ponied up as much as $18,400 for various candidates between December and March." ... "Both Sargeant and the donors were vague when asked to explain how Sargeant persuaded them to give away so much money." ... "His firm, International Oil Trading Co. (IOTC), holds several lucrative contracts with the Defense Department to carry fuel to the U.S. military in Iraq." ... "The work has not been without controversy. Last month, [California Democratic Representative] Rep. Henry A. Waxman (D-Calif. [Democratic-California]) initiated a review of IOTC's contract to determine whether it was overcharging the military for jet fuel, and to learn how the company, which did not submit the lowest bid, landed the contract to supply the fuel." (1, 2) -By Matthew Mosk with contributions by Ashley Surdin, Lucy Shackelford, Alice Crites and Julie Tate

-WashingtonPost

Barack Obama

John McCain

Oil

Companies

Politics

2008 Election

Ohio

Arizona

Working

Families

"Energy wars continue on trail." ... "In Youngstown [Ohio], [2008 Election Democratic Presidential Candidate Barack] Obama said that [2008 Election Republican Presidential Candidate John] McCain has "proposed an energy plan that’s nothing but four years more of the same," and that helps oil companies and not consumers, according to excerpts provided by the Obama campaign." ... "Obama says that "under [Arizona] Senator McCain’s plan, the oil companies get billions more, we don’t pay any less at the pump, and we stay in the same cycle of dependence on oil that got us into this crisis. The oil companies have placed their bet on Senator McCain, and if he wins, they will continue to cash in while our families and our economy suffer and our future is put in jeopardy.That’s the choice we face in this election. We can choose four years more of the same failed policies that have gotten us where we are. Four years more of oil companies calling the shots while hard working families are struggling. That’s what Senator McCain is offering."" ... "Obama then promotes his own plan for alternative energy and green-collar jobs." ... "Trying to reinforce Obama's point about McCain't ties to Big Oil, the Democratic National Committee posted a web video that shows McCain as a puppet whose strings are being pulled by oil company lobbyists." ... ""Big Oil in the White House. We've seen this show before," the video concludes. " -By Foon Rhee

-Boston/Globe

WATCH: McCain Oil Industry Lobbyists Puppet Masters ad

Hillary Rodham Clinton

Dick Cheney

Halliburton KBR

Blackwater

Corporate

Government

Disaster

Politics

Military

Peoples

Health

Investigators

Hurricane Katrina

Housing

Iraq

Cayman Islands

"No Crisis Is Immune From Exploitation Under Bush." ... [By HILLARY RODHAM CLINTON:] "Tucked away on the Cayman Islands sits Ugland House, an unassuming, nondescript building of modest scale and size. However, according to a recent report by the Government Accountability Office (GAO), this five-story office building is home to more than 18,000 corporate entities, nearly half of which have U.S. [United States] ties." ... "In the past few years, the number of corporations flocking to places like the Cayman Islands to evade U.S. taxes has exploded. One of these companies, [Republican Vice President Dick Cheney's] former Halliburton subsidiary KBR, has used offshore tax havens to avoid paying hundreds of millions of dollars in federal taxes. To no one's surprise, instead of cracking down on KBR, the [Republican President] Bush administration has rewarded the company in April of this year with a 10-year, $150 billion contract in Iraq." ... "There appears to be no crisis, tragedy or disaster immune from exploitation under the Bush administration. The examples of the waste, fraud and abuse are legion -- from KBR performing shoddy electrical work in Iraq that has resulted in the electrocution of our military personnel according to Pentagon and Congressional investigators, to the firing of an Army official who dared to refuse a $1 billion payout for questionable charges to the same company. In another scam, the Pentagon awarded a $300 million contract to AEY, Inc. [Incorporated], a company run by a 22-year-old who fulfilled an ammunition deal in Afghanistan by supplying rotting Chinese-made munitions to our allies." ... "But the fraud and waste are not limited to the war. In the weeks after Hurricane Katrina, for example, FEMA [Federal Emergency Management Agency] awarded a contract worth more than $500 million for trailers to serve as temporary housing. The contractor, Gulf Stream, collected all of its money even though they knew at the time that its trailers were contaminated with formaldehyde." ... "While touting fiscal responsibility, [Republican] President Bush and his administration have lined the pockets of political cronies like Halliburton and Blackwater. While calling for earmark reform, the president has allowed no-bid and questionable contracting throughout the federal government to dwarf earmark spending by a 10-to-1 ratio." -By Hillary Rodham Clinton

-WSJ.com

Hacking

Business

Computer

Consumer

Data

Identity Theft

Privacy

Ukraine

China

"Theft ring accused of hacking 41 million credit card numbers." ... "Eleven people, including a U.S. [United States] Secret Service informant, have been charged in connection with the hacking of nine major retailers and the theft and sale of more than 41 million credit- and debit-card numbers, the Justice Department announced Tuesday." ... "The data breach is believed to be the largest hacking and identity-theft case ever prosecuted by the Department of Justice, which said the suspects were charged with conspiracy, computer intrusion, fraud and identity theft." ... "Three of those charged are U.S. citizens, while the others are from places such as Estonia, Ukraine, Belarus and China."

-StarTribune

20080805

John McCain

Rick Davis

Foreign

Corporate

Politics

Airport

Transport

Jobs

2008 Election

Obama

Ohio

Arizona

German

"McCain had role in original Wilmington DHL deal." ... "When [2008 Election] Republican presidential candidate John McCain meets Thursday with citizens and officials in Wilmington, Ohio, he won't need a playbook to understand why they're worried about deep job losses at the local freight airport." ... "Little known to those citizens, McCain and his campaign manager, Rick Davis, played roles in the fate of DHL Express and its Ohio air park as far back as 2003. Back then, however, their actions that helped DHL and its German owner, Deutsche Post World Net, acquire the Wilmington operations resulted in expansion, not retraction." ... "In a private meeting Thursday, Wilmington residents will ask McCain for help in stopping DHL's proposal to quit using the airport as a hub, which could cost more than 8,000 jobs. DHL says that it wants to stay in the freight business but that it can stem financial losses if it can put its packages aboard the planes of a rival - United Parcel Service - before delivering them in DHL trucks. UPS flies out of Louisville, Ky. [Kentucky], so the proposed change would render the Wilmington airport unnecessary." ... "None of that was anticipated in 2003, when McCain and Davis, who was a Washington lobbyist before managing the presidential campaign, first got involved. Several Wilmington civic leaders said that what happened in 2003 created an economic gain for their community, lasting several years." ... "But because that gain, and now the prospective loss, came from the decisions of a foreign-owned corporation, look for some Democrats and labor to seek to tie Wilmington's current troubles to McCain." ... ""Those jobs are on the chopping block because [Arizona Senator] Sen. McCain and his campaign were involved in a deal that resulted in control of those positions being shifted to a foreign corporation, and there's no getting around that," said Joe Rugola, president of the Ohio AFL-CIO." ... "Isaac Baker, a spokesman for [2008 Election] Democratic presidential candidate Barack Obama, said, "This episode represents everything that's wrong with Washington, D.C." " -By Stephen Koff

-PlainDealer

John McCain

Oil

Politics

2008 Election

"Did New York couple give $61,600 to McCain, GOP?" ... "Alice Rocchio is an office manager at the New York headquarters of the Hess Corp. [Corporation], drives a 1993 Chevy Cavalier and lives in an apartment in Queens, N.Y. [New York], with her husband, Pasquale, an Amtrak foreman." ... "Despite what appears to be a middle-class lifestyle, the couple has written $61,600 in checks to John McCain's presidential campaign and the Republican National Committee, most of it within days of McCain's decision to endorse offshore oil drilling." ... "At a June fundraiser, the Rocchios joined top executives at Hess Corp. — Chairman and Chief Executive Officer John Hess, his wife, Susan, his mother, Norma Hess, and six other officials in giving a total of $313,500 to a joint McCain-RNC [Republican National Committee] fundraising committee, Federal Election Commission records show." ... "The donations, first traced by Campaign Money Watch last week, were part of $1.2 million in oil industry contributions to McCain's Victory '08 Committee, 73 percent coming after McCain reversed his long-held opposition to offshore oil drilling." -ByGreg Gordon

-McClatchyDC.com

CampaignMoney.org/mccainoil

John McCain

Oil

Money

Politics

2008 Election

New York

Texas

Ocean

Environment

"Oilman greases skids for McCain campaign: Among the donors from John B. Hess' company are an office manager and her husband, who pony up $57,000." ... "On June 10, John B. Hess, a top executive at the oil company with his family name, summoned friends to the 21 Club, a former speakeasy in Manhattan [New York], and delivered $285,000 to [2008 Election Republican Presidential Candidate] John McCain and the Republican National Committee." ... "A week later, McCain traveled to Texas and announced his support for offshore oil drilling." ... "Hess Corp. is an East Coast gasoline retailer with major refining and exploration operations, some of which happen to be offshore in the Gulf of Mexico." ... "Hess was one of half a dozen hosts who tapped friends for the maximum $28,500 donation to the GOP. Others included investor Henry Kravis and hedge fund mogul Paul E. Singer." -By Dan Morain

-LAtimes

20080804

Employers

"Looming job cuts march on - report: The number of job cuts announced in July jumps 26%." ... "Challenger, Gray & Christmas, an outplacement consultancy firm, said Monday that planned job cuts announced by employers in July jumped 26% to 103,312 from 81,755 announced in June. That's up 141% from a year ago, when employers announced planned job cuts totaling 42,897." ... "The July figure marks the second-highest number of planned job cuts this year, rivaling the May reading that showed 103,522." ... "The Challenger report follows a Labor Department report Friday that showed the nation's unemployment rate climbing to a four-year high of 5.7%. It was the worst reading since March 2004, and slightly worse than economists' forecast of 5.6%." -By Ben Rooney

-CNN

Money

Gasoline

Unemployment

"U.S. Economy: Inflation Erodes Buying Power, Tax-Rebate Effects." ... "The biggest increase in prices in almost three years eroded consumers' buying power, reinforcing speculation the Federal Reserve won't raise interest rates in the face of faster inflation and slow growth." ... "Consumer inflation in June climbed 0.8 percent, the most since September 2005, the Commerce Department said today in Washington. Spending increased 0.6 percent, more than forecast, compared with a gain of 0.8 percent the prior month. Price jumps in petroleum and chemicals also swelled the value of orders to American factories in June." ... "Tax rebates from $168 billion in fiscal stimulus will provide only a temporary boost for Americans facing $4 a gallon gasoline and unemployment at the highest level since 2004. Fed officials, meeting tomorrow, must find a way to acknowledge the risk of accelerating inflation without signaling a rate increase that would worsen the economic slowdown, economists said." ... "The Fed's preferred gauge of prices, which excludes food and fuel, climbed 0.3 percent, more than economists forecast." -By Bob Willis and Shobhana Chandra

-Bloomberg

US_Debt

Government

Money

Countrywide Financial Corporation

Real Estate

North Carolina

New York

United Kingdom

"Fewest Treasury Traders Since 1960 Hit Taxpayers (Update4)." ... "For the first time since 1960, when it created the network of securities firms obligated to buy and sell Treasury bonds, the U.S. government has the fewest bond traders making markets in its debt and a bigger burden for American taxpayers financing record federal deficits." ... "The number of so-called primary government securities dealers declined to 19 last month when Bank of America Corp., based in Charlotte, North Carolina, acquired the troubled Countrywide Financial Corp. The sale was the climax of dozens of bank failures, triggered by the biggest decline in residential real estate since the Great Depression and the seizing up of credit markets from New York to London [United Kingdom's capital]. The Federal Reserve Bank of New York, the agent of the U.S. Treasury, plans to shrink the dealers again when JPMorgan Chase & Co. completes its takeover of Bear Stearns Cos." ... "The paucity of primary dealers coincides with the largest borrowing requirement in American history and the acknowledgment by the administration of [Republican] President George W. Bush that the U.S. will finance a budget deficit totaling a record $482 billion next year. When the dealer system began 48 years ago with 18 firms, the U.S. had a $300 million surplus. The group has shrunk from a peak of 46 in 1988. " -By Sandra Hernandez

-Bloomberg

20080730

Pete Sessions

Texas

Nevada

Political

Entertainment

"'07 party hosted by Rep. Pete Sessions at Las Vegas adult club draws criticism." ... "A political party hosted by [Texas Republican Representative] Rep. Pete Sessions at a Las Vegas [Nevada] adult club has jaws dropping." ... "The event, in March 2007 at a club called Forty Deuce, raised money for the Dallas [Texas] Republican's political action committee, People for Enterprise Trade and Economic Growth." ... "Aides to Mr. Sessions, a self-described conservative, and others said the act was a mild burlesque show, but some conservative activists were aghast that the event was held at an adult club." ... ""What's the difference?" asked Cathie Adams, president of the Texas Eagle Forum. "I don't think that it's representative of the constituents of the district. I'm in shock."" ... "[Pete Session chief-of-staff Guy] Mr. Harrison said Mr. Sessions has held the Vegas event for four years." -By Gromer Jeffers Jr.

-DallasNews.com

20080729

Pete Sessions

Nevada

Texas

Politics

Sports

Entertainment

"GOP Rep. Sessions' Defends His Burlesque Fundraiser." ... "We had never heard of a member of Congress holding a fundraiser at a Las Vegas [Nevada] burlesque nightclub... until now." ... "And the culprit is card-carrying conservative [Texas Republican Representative] Rep. Pete Sessions (R-Tex. [Republican-Texas]). The same Pete Sessions who scolded Janet Jackson and Justin Timberlake for forcing "their liberal values upon the rest of the country" after their infamous 2004 Super Bowl halftime striptease." ... "But that was then." ... "Now we learn that Sessions held a racey (for Washington) fundraiser for his leadership political action committee last year at Ivan Kane's Forty Deuce nightclub in Sin City [Las Vegas]." ... "Sessions' PAC, called People of Enterprise, Trade and Economic Growth, paid $5,378 to rent out the entire Forty Deuce club last year, according to federal election records." -By Mary Ann Akers

-WashingtonPost

Consumer

Financing

"Home prices fell at record pace in May: S&P." ... "Falling home prices are seen at the crux of a growing crisis in foreclosures as homeowners find themselves "underwater," with the value of their homes now less than their loans." ... "Expectations that prices will continue to fall into 2009 also makes refinancing of loans tougher, leaving homeowners in high-cost mortgages peddled during the housing boom." -By Al Yoon with contributions by Theodore d'Afflisio

-Reuters

Homes

Nevada

Florida

Phoenix

Arizona

Los Angeles

San Diego

San Francisco

California

Florida

Michigan

Minnesota

Illinois

Ohio

Georgia

New York

Seattle

Washington

Massachusetts

Portland

Oregon

Colorado

Texas

North Carolina

"Home prices down 15.8% in past year, S&P says: Seven of 20 cities tally monthly price gains in May, Case-Shiller data show." ... "Prices in 10 cities fell 16.9% in the past year." ... "Prices thus are at the same levels as they were in the summer of 2004, which means four years of appreciation have been effectively wiped out. Prices are down 18.4% from peak levels seen two years ago." ... "Here's a list of the 20 cities in the Case-Shiller index with the annual decline through May: Las Vegas [Nevada], down 28.4%; Miami [Florida], down 28.3%; Phoenix [Arizona], down 26.5%; Los Angeles [California], down 24.5%; San Diego [California], down 23.2%; San Francisco [California], down 22.9%; Tampa [Florida], down 20.2%; Detroit [Michigan], down 17.4%; Washington [DC], down 15.4%; Minneapolis [Minnesota], down 14.8%; Chicago [Illinois], down 9.4%; Cleveland [Ohio], down 8%; Atlanta [Georgia], and New York [City, New York], both down 7.9%; Seattle [Washington], down 6.3%; Boston [Massachusetts], down 6.2%; Portland [Oregon], down 5.2%; Denver [Colorado], down 4.8%; Dallas [Texas], down 3.1%; and Charlotte, N.C. [North Carolina], down 0.2%." -By Rex Nutting

-MarketWatch

US_Debt

History

Government

Politics

"Bush to leave a record budget deficit of $482 billion: [Republican President Bush] White House officials say the economy and a bipartisan stimulus package caused the worsening picture for 2009, but Democrats blame Bush's tax cuts and fiscal management." ... "Democrats on Capitol Hill blamed the revised deficit figures on Bush's large tax cuts and freewheeling spending." ... ""If we gave Olympic medals for fiscal irresponsibility, President Bush would take the gold, the silver and the bronze, because he's got the three highest record deficits ever," said [South Dakota Democratic Senator] Sen. Kent Conrad (D-S.D.), chairman of the Senate Budget Committee. "He sets records in every single category: 2009 would be the gold; 2004 the silver; 2008 the bronze."" ... "[South Carolina Democratic Representative] Rep. John M. Spratt Jr. (D-S.C.) noted that Bush inherited a budget surplus from his Democratic predecessor, so the blame for the poor fiscal performance rests with him." ... ""Mr. Bush came to office with the biggest surpluses in history and he will leave office with the biggest deficit in history. That's the bottom line," said Spratt, chairman of the House Budget Committee." -By Maura Reynolds

-LAtimes

20080728

Jim Adkisson

Terrorism

Politics

Tennessee

Church

Gays

Jobs

Government

Food

Money

"Tennessee church shooter angry at "liberals"." ... "A man [Jim Adkisson] who opened fire inside a church, killing two people with a shotgun hidden in a guitar case, was frustrated at being unable to find a job and blamed liberals and gays, police said on Monday." ... ""It appears that what brought him to this horrible event was his lack of being able to obtain a job, his frustration over that, and his stated hatred of the liberal movement," Knoxville [Tennessee] Police Chief Sterling Owen told reporters of Sunday's incident at Tennessee Valley Unitarian Universalist Church." ... "Suspect Jim Adkisson...." ... "... described his violent plans in a four-page letter found at his home, which also explained that his age and "liberals and gays" taking jobs had worked against him." ... "Another recent setback was that Adkisson's allotment of government-issued food stamps had been reduced, Owen said." -By Andrew Stern with contributions by Michael Conlon and Jackie Frank

-Reuters via -IHT.com

20080727

Barack Obama

John McCain

Media

Politics

Iraq

Pakistan

Afghanistan

Iran

Kuwait

Britain

Nuclear

Military

Terrorism

Gas

Money

2008 Election

"How Obama Became Acting President." ... "The growing [2008 Election Democratic Presidential Candidate Barack] Obama clout derives not from national polls, where his lead is modest. Nor is it a gift from the press, which still gives free passes to its old bus mate [2008 Election Republican Presidential Candidate] John McCain. It was laughable to watch journalists stamp their feet last week to try to push Mr. Obama into saying he was “wrong” about the surge. More than five years and 4,100 American fatalities later, they’re still not demanding that Mr. McCain admit he was wrong when he assured us that our adventure in Iraq would be fast, produce little American “bloodletting” and “be paid for by the Iraqis.”" ... "Never mind. This election remains about the present and the future, where Iraq’s $10 billion a month drain on American pocketbooks and military readiness is just one moving part in a matrix of national crises stretching from the gas pump to Pakistan." ... "First, on July 7, the Iraqi prime minister, Nuri al-Maliki, dissed [Republican President] Bush dogma by raising the prospect of a withdrawal timetable for our troops. Then, on July 15, Mr. McCain suddenly noticed that more Americans are dying in Afghanistan than Iraq and called for more American forces to be sent there. It was a long-overdue recognition of the obvious that he could no longer avoid: both Robert Gates, the defense secretary [of Republican President Bush], and [Admiral] Adm. Mike Mullen, the chairman of the Joint Chiefs of Staff, had already called for_more American troops to battle the resurgent Taliban, echoing the policy proposed by Mr. Obama a year ago." ... "On July 17 we learned that [Republican] President Bush, who had labeled direct talks with Iran “appeasement,” would send the No. 3 official in the State Department to multilateral nuclear talks with Iran. Lest anyone doubt that the White House had moved away from the rigid stand endorsed by Mr. McCain and toward Mr. Obama’s, a former Rumsfeld apparatchik weighed in on The Wall Street Journal’s op-ed page: “Now Bush Is Appeasing Iran.”" ... "Within 24 hours, the White House did another U-turn, endorsing an Iraq withdrawal timetable as long as it was labeled a “general time horizon.” In a flash, as Mr. Obama touched down in Kuwait, Mr. Maliki approvingly cited the Democratic candidate by name while laying out a troop-withdrawal calendar of his own that, like Mr. Obama’s, would wind down in 2010. On Tuesday, the British prime minister, Gordon Brown, announced a major drawdown of his nation’s troops by early 2009." -By Frank Rich

-NYTimes

20080722

Listen

Pete Sessions

Texas

Political

Lawmaker

Entertainment

"PACs put the fun in fundraising: Think all political contributions go toward campaigns? Maybe if those campaigns include golf trips and nights at the burlesque house. In the last installment of his PAC Men series, Steve Henn reports." ... "Monica Notzen is a Republican consultant who plans parties like this for lawmakers." ... "Basically, her job consists of calling lobbyists and other insiders and inviting them to parties. But to come, she tells them they have to contribute to a politician's leadership political action committee, or PAC, first." ... "[Texas Republican] Congressman Pete Sessions, a Republican from Texas, is one of Monica Notzen's clients and he doesn't see anything wrong with this picture."

"Pete Sessions: I don't think that lobbyists in and of themselves are deceptive or deceitful people. I don't have any problem with people going and doing things whether it's at a pool or horse racing. What bothers me is if you say one thing and do something else."

"In the past three years, unions and corporate executives contributed more than $77 million to these leadership PACs according to Federal Election Commission reports. Lobbyists kicked in millions more." ... "Working together, Notzen and Pete Sessions run one of the more successful PACs on Capitol Hill and last spring, Notzen's company planned an event for Pete Session's PAC in Vegas {Las Vegas, Nevada]: a fundraiser at Ivan Kane's Forty Deuce."

"Sessions: That's right, we do a Las Vegas fundraiser every year and not only raise money, but see Las Vegas. It's a beautiful town."

"Henn: Forty Deuce is a strip club."

"Sessions: You know, I've never seen that. It is what I would call a burlesque show where there's a woman who comes out and has a dress on... Uh, she never get's naked. There's no nudity, there's no nudity in there."

"This is how the club's owner, Ivan Kane, describes his brand of burlesque."

"Ivan Kane: The key component would be to have girls who were dancers taking their clothes off, not just girls taking their clothes off."

"Sessions spent more than $5,000 at Kane's club that night in March, according to federal disclosures. Those reports show Sessions spent another $2,100 on his hotel." ... "Officially, Pete Sessions' leadership PAC picked up the tab, but just days before the party at Forty Deuce, casino interests donated $5,000 to his PAC. Payday lenders threw in another $2,500." -By Steve Henn

-Marketplace via -PublicRadio.org

20080718

Hillary Clinton

Women's

Medical

Science

Abortion

Language

Politics

Family

Federal

Money

New York

"Clinton vows to fight "insulting" abortion plan." ... "A [Republican President] Bush administration plan to define several widely used contraception methods as abortion is a "gratuitous, unnecessary insult" to women and faces tough opposition, [New York Democratic Senator] Sen. Hillary Clinton said on Friday." ... "The former Democratic presidential candidate joined family planning groups to condemn the proposal that defines abortion to include contraception such as birth control pills and intrauterine devices." ... "It would cut off federal funds to hospitals and states where medical providers are obligated to offer legal abortion and contraception to women." ... ""We will not put up with this radical, ideological agenda to turn the clock back on women's rights," the New York senator told a joint news conference with New York [Democratic Representative] Rep. Nita Lowey, also a Democrat, at Bellevue Hospital." ... ""Women would watch their contraceptive coverage disappear overnight," said Clinton." (1, 2) -By Michelle Nichols with contributions by Ellen Wulfhorst and Eric Beech

-Reuters

20080715

Gordon Smith

Oregon

Politics

2008 Election

"Merkley surpasses Smith in quarterly fundraising." ... "Republican [Oregon Senator] Sen. Gordon Smith still has millions more than does his [2008 Election] Democratic challenger, Jeff Merkley. But for the most recent quarter, it was Merkley who came out ahead." ... "Merkley reported Monday that he raked in $1.42 million from April 1 through June 30. That is by far the most Merkley has raised in a three-month stretch and represents more than half his fundraising since getting into the race last summer. And it surpasses the $1.38 million Smith raised in the same quarter." ... "In all, Smith still holds a sizable lead: $9.73 million raised and $4.47 million cash on hand for the entire election, compared with Merkley’s $2.5 million total raised and $569,435 on hand." -By David Steves

-RegisterGuard

McCain

Obama

2008 Election

Politics

Law

"McCain uses 'bundler' money more than Obama campaign." ... "Republican [2008 Election Presidential Candidate] John McCain's elite fundraisers have helped collect more than half of his presidential campaign money, while Democratic [2008 Election Presidential] rival Barack Obama has relied on his own top fundraisers for nearly one-fifth of his coffers, a USA TODAY analysis shows." ... "More than 500 top McCain fundraisers brought in at least $75.6 million, or about 53% of the presumptive GOP presidential nominee's receipts through June." ... "Obama, who also counts more than 500 people among his main fundraising corps, has collected at least $50.1 million through them. That's about 17% of the presumptive Democratic nominee's receipts through May. He has not released June totals." ... "The money from these fundraisers illustrates how McCain, who co-authored a 2002 law curbing the influence of special interests in campaign finance, is relying on a group of well-connected Republicans to fuel his bid. It also demonstrates that Obama has turned to wealthy donors to help collect cash — even though the bulk of his donations are from contributors who give $200 or less." ... ""This really proves how enormously valuable it is to have a network of fundraisers out there shaking the bushes for you," said Sheila Krumholz, executive director of the non-partisan Center for Responsive Politics, which tracks money in politics. "For McCain, who wants to project an image as a maverick on reform, it is precisely the wrong message to be so reliant on this tiny set of well-heeled donors."" -By Fredreka Schouten

-USATODAY

20080714

Barack Obama

Military

Police

Iraq

Afghanistan

Iran

Pakistan

Terrorism

Intelligence

Government

Money

Political

McCain

Arizona

2008 Election

"My Plan for Iraq." [By 2008 Election Democratic Presidential Canidate Barack Obama] ... "The call by Prime Minister Nuri Kamal al-Maliki for a timetable for the removal of American troops from Iraq presents an enormous opportunity. We should seize this moment to begin the phased redeployment of combat troops that I have long advocated, and that is needed for long-term success in Iraq and the security interests of the United States." ... "The differences on Iraq in this campaign are deep. Unlike [2008 Election Republican Senator and Arizona] Senator John McCain, I opposed the war in Iraq before it began, and would end it as president. I believed it was a grave mistake to allow ourselves to be distracted from the fight against Al Qaeda and the Taliban [in Afghanistan] by invading a country [Iraq] that posed no imminent threat and had nothing to do with the 9/11 attacks. Since then, more than 4,000 Americans have died and we have spent nearly $1 trillion. Our military is overstretched. Nearly every threat we face — from Afghanistan to Al Qaeda to Iran — has grown." ... "In the 18 months since [Republican] President Bush announced the surge, our troops have performed heroically in bringing down the level of violence. New tactics have protected the Iraqi population, and the Sunni tribes have rejected Al Qaeda — greatly weakening its effectiveness." ... "But the same factors that led me to oppose the surge still hold true. The strain on our military has grown, the situation in Afghanistan has deteriorated and we’ve spent nearly $200 billion more in Iraq than we had budgeted. Iraq’s leaders have failed to invest tens of billions of dollars in oil revenues in rebuilding their own country, and they have not reached the political accommodation that was the stated purpose of the surge." ... "The good news is that Iraq’s leaders want to take responsibility for their country by negotiating a timetable for the removal of American troops. Meanwhile, Lt. Gen. [Lieutenant General] James Dubik, the American officer in charge of training Iraq’s security forces, estimates that the Iraqi Army and police will be ready to assume responsibility for security in 2009." ... "Only by redeploying our troops can we press the Iraqis to reach comprehensive political accommodation and achieve a successful transition to Iraqis’ taking responsibility for the security and stability of their country. Instead of seizing the moment and encouraging Iraqis to step up, the Bush administration and Senator McCain are refusing to embrace this transition — despite their previous commitments to respect the will of Iraq’s sovereign government." ... "Ending the war is essential to meeting our broader strategic goals, starting in Afghanistan and Pakistan, where the Taliban is resurgent and Al Qaeda has a safe haven. Iraq is not the central front in the war on terrorism, and it never has been. As Adm. [Admiral] Mike Mullen, the chairman of the Joint Chiefs of Staff, recently pointed out, we won’t have sufficient resources to finish the job in Afghanistan until we reduce our commitment to Iraq." ... "As president, I would pursue a new strategy, and begin by providing at least two additional combat brigades to support our effort in Afghanistan. We need more troops, more helicopters, better intelligence-gathering and more nonmilitary assistance to accomplish the mission there. I would not hold our military, our resources and our foreign policy hostage to a misguided desire to maintain permanent bases in Iraq. " -By Barack Obama

-NYTimes

20080710

McCain

Rick Davis

Politics

2008 Election

"McCain, RNC: $95 million on hand." ... "The [2008 Election Republican Presidential Candidate John] McCain campaign and Republican Party have nearly $95 million cash on hand combined for use in the presidential race, [lobbyist] campaign manager Rick Davis said Thursday. He said the McCain camp had more than $27 million, and the Republican National Committee has more than $67 million." ... "Including the matching funds, he estimated the campaign would have a total $400 million budget through Election Day." -By Domenico Montanaro

-MSNBC

20080715

Money