When Crony Capitalism Goes Bad

The government has finally found someone to blame for the mortgage meltdown: S&P, a ratings agency. But the accused says the government has other motives. [Credit: Boston Globe]

The gov­ern­ment has final­ly found some­one to blame for the mort­gage melt­down: S&P, a rat­ings agency. But the accused says the gov­ern­ment has oth­er motives. [Cred­it: Boston Globe]

What hap­pens to crony cap­i­tal­ism when things go bad­ly? Every­body lawyers up and charges and coun­ter­charges fly hard­er and faster than in a nasty divorce. Con­tin­ue read­ing →

Abuse With Impunity: The Ted Stevens Case

The late Sen. Ted Stevens, a powerful Washington figure, was brought low by a government that abused its power.  Can government be held accountable for its abuses?  [Credit: Arlington Cemetery]

The late Sen. Ted Stevens, a pow­er­ful Wash­ing­ton fig­ure, was brought low by a gov­ern­ment that abused its pow­er. Can gov­ern­ment be held account­able for its abus­es? [Cred­it: Arling­ton Cemetery]

The late Sen­a­tor Ted Stevens (R‑AK) was once a pow­er­ful man.   Unbowed before col­leagues and Pres­i­dents, Stevens’ pow­er proved no match for gov­ern­ment lawyers and FBI agents, who, accord­ing to a lengthy court-ordered report, lied, hid evi­dence and delib­er­ate­ly deceived a judge and jury to obtain a guilty ver­dict against the Alas­ka Sen­a­tor just weeks before the 2008 elec­tion. Con­tin­ue read­ing →

NSA Surveillance: Insulting Our Intelligence?

Michael Corleone warned his brother-in-law not to insult his intelligence.  Does the government insult ours when it defends its snooping activities?  [Credit: Rotten Tomatoes]

Michael Cor­leone warned his broth­er-in-law not to insult his intel­li­gence. Does the gov­ern­ment insult ours when it defends its snoop­ing activ­i­ties? [Cred­it: Rot­ten Tomatoes]

“Improp­er pay­ments” by the fed­er­al gov­ern­ment totaled an esti­mat­ed $115.3 bil­lion in 2011, accord­ing to a report pre­pared by the Office of Man­age­ment and Bud­get (OMB), but the government’s own watch­dog agency doesn’t believe those esti­mates.  The Gov­ern­ment Account­abil­i­ty Office (GAO), which exam­ined the OMB analy­sis, thinks the num­ber of mis­spent fed­er­al dol­lars is much high­er. Con­tin­ue read­ing →

Harry Reid and Government Power Creep

Why is this man so sad?  [Credit: themediahaven.com]

Why is this man so sad? The Sen­ate’s most pow­er­ful man yearns for more pow­er.  [Cred­it: themediahaven.com]

Nobody does sad­ness like Har­ry Reid (D‑NV). His deflat­ed body slumped over the podi­um atop his Sen­ate desk, head shak­ing slow­ly, his faint raspy voice a mix­ture of res­ig­na­tion and exas­per­a­tion, Reid spends much of his time as the Senate’s most pow­er­ful fig­ure bemoan­ing his lack of pow­er. Con­tin­ue read­ing →

Why It’s a Bad Time to Hold on to Holder

AG Eric Holder may have to help POTUS dig out from under mounting scandals. Credit: theatlantic.com

AG Eric Hold­er may have to go to help POTUS dig out from under mount­ing scan­dals.
Cred­it: theatlantic.com

May 10 was sup­posed to be about health care and moms.  The White House mes­sage of the day was that the health care law is pro-moth­er­hood. The law’s detrac­tors, with their “polit­i­cal bick­er­ing,” “tall tales,” and “polit­i­cal games,” are, by impli­ca­tion, against motherhood.

The Pres­i­dent deliv­ered this mes­sage two days before Moth­ers Day at a White House event. But his mes­sage nev­er did get out. Con­tin­ue read­ing →

Benghazi, the IRS and the Perils of Power

Pho­to cred­it: Huff­in­g­ton Post

What is it that makes sec­ond terms so polit­i­cal­ly treach­er­ous? Received wis­dom tells us that scan­dal is root­ed in hubris – a new­ly re-elect­ed Pres­i­dent, hav­ing stared down the threat of polit­i­cal extinc­tion, now thinks him­self invul­ner­a­ble, and soon enough is caught up in scandal.

But I think some­thing more fun­da­men­tal is at work. Con­tin­ue read­ing →