politics

Former IndyMac Employees Go Swift Boating

Former employees of the failed California IndyMac Bank have hired the Swift Boat Veterans for Truth's former public relations firm, Creative Response Concepts (CRC), in an attempt to hold Senator Charles Schumer responsible for the bank's collapse. Schumer, who chairs Congress' Joint Economic Committee, went public with his concerns about the bank on June 26. His negative assessments of IndyMac led to a run on the bank, "with depositors taking out a net $1.3 billion in the following two weeks." With help from CRC, 51 former IndyMac employees are accusing Schumer of "a malicious, politically motivated act." CRC circulated to major media a letter from the employees to California Attorney General Jerry Brown. "The letter, signed mostly by former staffers at IndyMac's now-shuttered mortgage operation, asks Brown to investigate Schumer and to prosecute him under a state law making it a misdemeanor to spread false and damaging statements or rumors about a bank," reports the Los Angeles Times.


Has Fake News Become the Real News?

Jon Stewart of Comedy Central's "Daily Show"Jon Stewart of Comedy Central's "Daily Show"An article in the New York Times asks whether Jon Stewart of Comedy Central's Daily Show has become the most trusted man in America, pointing out that his fake news comedy show has emerged in recent years as a "genuine cultural and political force." While 24-hour news networks like FOX, MSNBC and CNN have been pumping out infotainment-style news about topics like dead celebrities and sexual predators, the Daily Show has been critically tracking the cherry-picking of prewar intelligence, the politicization of the Department of Justice and the efforts of the Bush Administration to increase the power of the executive branch. Stewart has proven to be a master at calling out government and corporate spin, hypocrisy and red herrings, and helping his audience see them, too. A 2008 study from the Project for Excellence in Journalism at the Pew Research Enter for the People and the Press found that the Daily Show has had an impact on American dialogue and that it is "getting people to think critically about the public square."


Foxes Invited to Guard the Endangered Species Coop

The Whooping Crane population has recovered in large part due to being designated as endangeredThe Whooping Crane population has recovered in large part due to being designated as endangeredCurrently, the Endangered Species Act requires independent scientific assessment by the U.S. Fish and Wildlife Service or the National Marine Fisheries Service of proposed construction projects. But the Bush administration has proposed allowing construction to proceed, if the agency whose project it is sees no problem -- even if the agency has no biologist on staff. Interior Secretary Dirk Kempthorne "described the new rules as a 'narrow regulatory change' that 'will provide clarity and certainty to the consultation process under the Endangered Species Act.'" Others see it differently. Rep. Nick J. Rahall II, the chair of the House Natural Resources Committee, said, "I am deeply troubled by this proposed rule, which gives federal agencies an unacceptable degree of discretion to decide whether or not to comply with the Endangered Species Act. Eleventh-hour rulemakings rarely, if ever, lead to good government -- this is not the type of legacy this Interior Department should be leaving for future generations." Bob Irvin of Defenders of Wildlife called the change "a case of asking the fox to guard the chicken coop."


Penn's Tentacles

The senior editor at The Atlantic Monthly, Joshua Green, thinks some commentators may be too quick in claiming that a political consulting career is over for Mark Penn, the CEO of Burson Marsteller and former "chief strategist" for Hillary Clinton's presidential campaign. Penn has been widely criticized after an internal memo he wrote for the Clinton campaign was recently made public. In it, Penn suggested that Clinton criticize Barack Obama's "lack of American roots." Penn wrote, "I cannot imagine America electing a president during a time of war who is not at his center fundamentally American in his thinking and in his values." Obama is reportedly considering Indiana Senator Evan Bayh as a possible vice-presidential running mate. However, Green notes that "for years, Penn and his wife, Nancy Jacobson, have been close advisers" to Bayh. If Obama picks Bayh, Green writes, "Penn is right back in the presidential race -- if not in an official capacity, then certainly in a functional one."


The Ghost of Jack Abramoff

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Jack AbramoffJack Abramoff; graphic from the Village VoiceWhile Jack Abramoff serves a six-year prison sentence stemming from his role in one of the most elaborate corruption standals in American politics, one of his most prominent former lobbyist associates, Ralph Reed, is raising funds for Republican presidential candidate John McCain. Previously, notes Alexander Lane, Reed "was credited as a key operative in George W. Bush's sharp-elbowed effort against McCain in the South Carolina Republican presidential primary in 2000. McCain, in turn, chaired the Senate Indian Affairs Committee in 2006 when it investigated and unveiled Reed's deep personal and business ties to Abramoff, a lobbyist who pleaded guilty to three felonies." Apparently all is forgiven. The Atlanta Journal-Constitution recently published an email by Reed, inviting recipients to a McCain fundraiser and praising his commitment to "economic growth and opportunity, the dignity of life and traditional values."


All's Fair in Love and Political Ads

The CEO of the public relations firm Burson Marsteller, Mark Penn, likes John McCain's TV ad likening Barack Obama to celebrities like Paris Hilton and Britney Spears. "Hillary Clinton's former top strategist wrote the ad tries to 'portray Obama's leadership for change as something fluffy and useless.' It bears a Republican political trademark 'attacking a candidate's strengths rather than the candidate’s weaknesses.'" In an essay posted on Politico.com, Penn contends that "clever negative ad can be devastatingly effective." He says that like the McCain ad, "Some negative ads crystallize voters' opinions without presenting any new information." Penn isn't troubled by that. "This year, you can expect a tough political season and plenty of negative ads. Done fairly, they serve a legitimate role." As CMD reported previously, Mark Penn was demoted from his role as "chief strategist" with the Hillary Clinton campaign after several embarrassing conflicts of interest came to light.


Polls, Damn Polls and Offshore Drilling

With polls showing increased public support for more U.S. offshore oil drilling, John Wihbey cautions, "the framing" of poll questions "is paramount and the media's interpretation crucial." For example, when asked, "Do you prefer more drilling or more investment in alternative energy?," most people choose the latter. But some polls cited in support of increased drilling didn't offer alternatives; one simply asked if respondents would support drilling to "attempt to reduce the price of gasoline." While the trend is clear -- high gas prices have increased support for drilling -- "it remains unclear what mix of remedies the public actually wants." The assumption that new drilling would reduce gas prices is also questionable, meaning that some poll questions may be "built on false premises, a pipe dream held out to a desperate and cash-strapped public." Wall Street Journal blogger Keith Johnson admitted that new drilling "is unlikely to have a near-term 'practical' impact on oil flow, though it could have a 'psychological' one on trading. 'Crude is priced in the futures market, and future price expectations are what moves the market,'" he explained.


Big Money Special Interests Fuel Obama's Campaign

The New York Times notes that, "in an effort to cast himself as independent of the influence of money on politics, Senator Barack Obama often highlights the campaign contributions of $200 or less that have amounted to fully half of the $340 million he has collected so far. But records show that one-third of his record-breaking haul has come from donations of $1,000 or more: a total of $112 million, more than Senator John McCain, Mr. Obama's Republican rival, or Senator Hillary Rodham Clinton, his opponent in the Democratic primaries, raised in contributions of that size. Behind those larger donations is a phalanx of more than 500 Obama 'bundlers,' fund-raisers who have each collected contributions totaling $50,000 or more. Many of the bundlers come from industries with critical interests in Washington. ... Given his decision not to accept public financing, Mr. Obama is counting on his bundlers to help him raise $300 million for his general-election campaign and another $180 million for the Democratic National Committee. An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries: law, securities and investments, real estate and entertainment."


Puerto Rico: Not So Rico

Ed Morales takes the 110th anniversary of the U.S. invasion of Puerto Rico as an opportunity to talk about its status. "The United States invaded the island on July 25, 1898, and claimed it as booty after the Spanish-American War. Long since obsolete as a strategic outpost in the Cold War, the Caribbean island is America's best-kept secret: an unfree state within the land of the free." The island has never seriously been considered for statehood, often for racist reasons. A portion of Puerto Rico's Vieques Island was routinely used as a bombing range by the U.S. Navy. The island of nearly four million inhabitants "is an 'unincorporated territory,' which means that the island is subject to the authority of the U.S. Congress, which can overturn any action by the island's legislature." Puerto Ricans are not able to vote in U.S. presidential elections, nor do they having voting representatives in Congress. While there is often a misperception that Puerto Ricans receive certain rights without paying taxes (which is mainly false), Morales has this take: "Puerto Rico's commonwealth status was a dry run for the free trade practices of the last 15 years, where profit -- and the potential for local investment -- is extracted from a weaker economy by rampaging multinational corporations. Today, Puerto Rico is suffering from a failing economy with high unemployment rates, a fall-off in tourism due to the gas crisis, overdependence on government entitlements like food stamps and a failing public education system."


A Tank Full of Nonsense



The McCain campaign, which boasts of its "straight talk," is running this deceptive TV ad

The normally staid FactCheck.org has posted an unusually blunt critique of the latest campaign ad for John McCain, which attempts to blame Barack Obama for rising prices at the gas pump and claims that offshore drilling will "rescue our family budgets." Using McCain's own words and voting record, FactCheck's Viveca Novak disproves every point in the ad, pointing out that by the federal government's own estimate, "if the moratorium on offshore drilling were lifted today, it would be 2030 before we'd see a noticeable effect on supply and prices." Moreover, she writes, "The notion that Obama is singlehandedly, or to any significant degree, or more than most other senators, to blame for the high cost of gas is absurd in too many ways to count here. ... Obama has been in the Senate only since 2005. McCain himself said earlier this month that the problem has been decades in the making."


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