Politically connected companies get a break from the SEC, study says – LA Times/ How can we sit still and allow such blatant corruption?

“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” 
― Carl SaganThe Demon-Haunted World: Science as a Candle in the Dark

Everywhere one looks, above the rocks and below them where the worms wiggle in the slime, in every department and within all that the Obama administrations touches, the stench of corruption permeates the air. Yet, 40-50% of Americans think he is doing his honest best. It is so damn disheartening, not simply the overwhelming evidence of rot but that so many within the media and citizenry willfully choose not to see it, or worst yet, just no longer give a damn.

But, I am reminded that Obama and all his smarmy, amoral, sociopathic narcissistic cohorts are nothing more than a reflection of the soul of America in its decline. A poisonous pollution is all that has been trickling down from the top, but no matter how outnumbered these polluters are by the solid, the moral and ethical, the backbone of America, it is we who are watching the poison flow into our veins, knowing it will kill us and we do nothing.

We do not fight for them, we fight for ourselves and for our children. It will become this…..

A recencicerot study by Maria M. Correia of the London Business School puts statistical meat on those bones. The more a company spends on political donations, she finds, the more lenient the treatment it gets from the Securities and Exchange Commission. (Hat tip to David Sirota of International Business Times, who unearthed her study.)

Correia even quantifies the value of political grease. A $1-million increase in contributions by a corporation to a political action committee in the five years before a violation of SEC rules, she finds, can reduce the probability of an enforcement action from the SEC by more than half (from 8.58% to 3.43% in her sample). Her conclusion is that “long-term PAC contributions are effective at deterring SEC enforcement.”

Furthermore, she finds that higher PAC contributions are associated with lower enforcement penalties and a lower chance that the SEC will cite officers or directors. An increase of $100,000 in PAC money in the five pre-violation years is linked to an 11% decrease in monetary penalties and a 12.9% decrease in the probability that the SEC will bar an officer or director from the business.

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via Politically connected companies get a break from the SEC, study says – LA Times.

Barack Obama on Lobbyists and His Campaign

elmer-gantry-le-charlatanNo political appointees in an Obama-Biden administration will be permitted to work on regulations or contracts directly and substantially related to their prior employer for two years,” read one of the president’s many broken promises from the 2008 campaign. “And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration.”

“I am in this race to tell the corporate lobbyists that their days of setting the agenda in Washington are over,” Obama said in 2007 according to a post on Change.gov which is, gallingly, still live. “I have done more than any other candidate in this race to take on lobbyists — and won. They have not funded my campaign, they will not run my White House, and they will not drown out the voices of the American people when I am president.”

Well, it was a nice thought.

“The Obama administration on Tuesday rolled back part of its ban on lobbyists serving in government, narrowing one of the president’s signature policies in the face of a legal challenge,”The New York Times reported.

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Hans von Spakovsky and John Fund co-authored the book, “Obama’s Enforcer: Eric Holder’s Justice Department,” detailing the lawlessness of the Obama administration and of U.S. Attorney General Eric Holder. John Fund is a nationally recognized columnist for The National Review Online whose work has been featured in The Wall Street Journal and USA Today, and Spakovsky is a senior fellow at the Heritage Foundation, a conservative think tank in Washington, D.C.

Under Attorney General Eric Holder, the Department of Justice has become a politicized hotbed of left-wing legal activism.

What is Eric Holder up to? When questioned by congressional committees on sensitive issues like the ATF “gunwalking” scandal or the surveillance of Fox News’ reporter James Rosen, the attorney general either claimed ignorance or denied specific knowledge. When it was later revealed that Holder had personally signed off on the Rosen investigation, despite his explicit denials, indignant calls were heard across the political spectrum for his resignation. He became the first attorney general in history to be held in contempt by the House of Representatives over a reckless operation that killed a border patrol agent and numerous Mexican citizens. Yet Holder remained in his job, and it is clear that he has President Obama’s full support.

In Obama’s Enforcer, authors John Fund and Hans von Spakovsky provide the first explosive look inside this feared and powerful agency. They describe the transformation of the DOJ into a stronghold of progressive legal activism and provide in-depth portraits of the radical lawyers in Holder’s inner circle.

Holder survives because his agency acts as a heat shield for the Obama administration, protecting the president’s flank on numerous fronts. He also survives because his department is actively advancing Obama’s hidden political agenda, from the administration’s war on Fox News to its harassment of Tea Party activists. He has injected a new politically correct laxity into domestic security issues, eliminating the use of the words “radical Islam” and pushing for civilian trials for terrorists. He has also presided over an unprecedented expansion of politically correct actions at the DOJ’s Civil Rights Division and launched a widespread attack on election integrity efforts.

In addition to monitoring reporters’ phone records, DOJ lawyers were involved in instigating Operation Fast and Furious, ignoring the deliberate leaking of classified documents by the White House to favored reporters, the funneling of taxpayer funds to political allies through collusive settlements, and much more. Obama’s Enforcer provides the first investigative look inside the country’s largest law enforcement agency and reveals its true and dangerous role in advancing Obama’s agenda.

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