Month: May 2016

Buh Bye Teddie………

The Results are in from the Hoosier state, and Bernie won, and Cruz got beat so badly that he dropped out of the race:

Businessman and reality-TV star Donald Trump became the Republican party’s presumptive presidential nominee on Tuesday night, after Trump’s closest rival – Sen. Ted Cruz (R-Tex.) – withdrew from the race, following a crushing victory by Trump in the Indiana primary.

The GOP’s chairman, Reince Priebus, called Trump the “presumtive [sic] GOP nominee” in a Twitter message about 9 p.m., and added a plea that “we all need to unite and focus on defeating” Democratic front-runner Hillary Clinton.

In the Democratic race in Indiana, Sen. Bernie Sanders (Vt.) was projected as the winner, taking an upset victory over Clinton. That victory will not allow Sanders to make up much ground in the race for Democratic delegates, but it will ensure that their race continues on — creating a scenario few would have seen coming last summer, with Trump gaining a head start on the Democratic nominee.

Sanders won by about 5 points, and Trump by about 17 points.

This makes it a pretty good night.

Corruption, Baby, Corruption

And the Clinton Crime Family continues apace.
You may recall that Hillary Clinton criticized Bernie Sanders for not raising money for the state parties while she did.

Not so much. It was money laundering:

In the days before Hillary Clinton launched an unprecedented big-money fundraising vehicle with state parties last summer, she vowed “to rebuild our party from the ground up,” proclaiming “when our state parties are strong, we win. That’s what will happen.”

But less than 1 percent of the $61 million raised by that effort has stayed in the state parties’ coffers, according to a POLITICO analysis of the latest Federal Election Commission filings.

The venture, the Hillary Victory Fund, is a so-called joint fundraising committee comprised of Clinton’s presidential campaign, the Democratic National Committee and 32 state party committees. The setup allows Clinton to solicit checks of $350,000 or more from her super-rich supporters at extravagant fundraisers including a dinner at George Clooney’s house and a concert at Radio City Music Hall featuring Katy Perry and Elton John.

The victory fund has transferred $3.8 million to the state parties, but almost all of that cash ($3.3 million, or 88 percent) was quickly transferred to the DNC, usually within a day or two, by the Clinton staffer who controls the committee, POLITICO’s analysis of the FEC records found.

………

But it is perhaps more notable that the arrangement has prompted concerns among some participating state party officials and their allies. They grumble privately that Clinton is merely using them to subsidize her own operation, while her allies overstate her support for their parties and knock Sanders for not doing enough to help the party.

“It’s a one-sided benefit,” said an official with one participating state party. The official, like those with several other state parties, declined to talk about the arrangement on the record for fear of drawing the ire of the DNC and the Clinton campaign.

In fact, the DNC, which has pushed back aggressively on charges that it is boosting Clinton at the expense of other Democrats, has advised state party officials on how to answer media inquiries about the arrangement, multiple sources familiar with the interactions told POLITICO.

“The DNC has given us some guidance on what they’re saying, but it’s not clear what we should be saying,” said the official. “I don’t think anyone wants to get crosswise with the national party because we do need their resources. But everyone who entered into these agreements was doing it because they were asked to, not because there are immediately clear benefits.”

Some fundraisers who work for state parties predict that the arrangement could actually hurt participating state parties. They worry that participating states that aren’t presidential battlegrounds and lack competitive Senate races could see very little return investment from the DNC or Clinton’s campaign, and are essentially acting as money laundering conduits for them. And for party committees in contested states, there’s another risk: They might find themselves unable to accept cash from rich donors whose checks to the victory fund counted toward their $10,000 donation limit to the state party in question — even if that party never got to spend the cash because it was transferred to the DNC.

But it gets even better: It turns out that The Clinton Foundation set up a dummy corporation in Canada to conceal its finances:

Aides to former President Bill Clinton helped start a Canadian charity that effectively shielded the identities of donors who gave more than $33 million that went to his foundation, despite a pledge of transparency when Hillary Rodham Clinton became secretary of state.

The nonprofit, the Clinton Giustra Enterprise Partnership (Canada), operates in parallel to a Clinton Foundation project called the Clinton Giustra Enterprise Partnership, which is expressly covered by an agreement Mrs. Clinton signed to make all donors public while she led the State Department. However, the foundation maintains that the Canadian partnership is not bound by that agreement and that under Canadian law contributors’ names cannot be made public.

The foundation cited that restriction last weekend in explaining why it did not disclose $2.35 million in donations from the chairman of Uranium One, the subject of an article in The New York Times last week. The article examined how company executives and shareholders had sold a majority stake in the company — and with it a significant portion of American uranium reserves — to an arm of the Russian government in a deal that required the approval of the United States government.

“This is hardly an effort on our part to avoid transparency,” said Maura Pally, acting chief executive of the Clinton Foundation.

Instead, the foundation said that the partnership was created by the Canadian mining financier Frank Giustra to allow Canadian donors to get a tax benefit for supporting his work with Mr. Clinton — a benefit that came with the price of respecting Canada’s privacy laws. On Wednesday, the partnership issued a statement citing a legal opinion that “charitable donors have an expectation and right of privacy.”

However, interviews with tax lawyers and officials in Canada cast doubt on assertions that the partnership was necessary to confer a tax benefit; an examination shows that for many donors it was not needed, and in any event, since 2010, Canadians could have donated to the foundation directly and received the same tax break. Also, it is not at all clear that privacy laws prohibit the partnership from disclosing its donors, the tax lawyers and officials in Canada said.

The partnership, established in 2007, effectively shielded the identities of its donors — and the amount they gave — by allowing them to bundle their money together in the offshoot Canadian partnership before it was passed along to Clinton Foundation programs. The foundation, in turn, names only the partnership as the source of those funds.

BTW, one of the things that this appears to have covered up is donations associated with a rather smelly deal involving Rosatom, the Russian atomic energy agency, taking over a large Canadian uranium concern.

In addition to donations to the Clinton Foundation, Bill Clinton got paid a lot to give a talk to Russia bankers as well.

OK, so they are money laundering. I get it. You could do this in Delaware, or Nevada, or Wyoming, or Panama, or the Seychelles, or the Bahamas, but Canada? Laundering money through Canada?

Seriously?

That is just perverse, or as Eric Oram said so famously, “Seriously, I don’t even like working here. They are so weird.”

If These Guys Hate Him, Trump Might Be Right

Over at FT, Edward Luce makes the obvious observation, that the foreign policy establishment who is having the vapors of Trump’s foreign policy, Luce ironically calls them the. “best and brightest, have been wrong about everything all the time for decades:

Intellectuals crave doctrines. The tidier the formula, the easier it is to make sense of that messy world out there.

In the view of the US’s strategic elites, Donald Trump’s mind is recklessly untidy. Last week they poured scorn on his much-awaited foreign policy speech. Not only was it self-negating — Mr Trump vowed both to be predictable and unpredictable — but he has yet to hire an intellectually respected adviser. It is doubtful he has read a book on foreign policy. Is further proof needed? Mr Trump is not only a loose cannon. He is also ignorant of the canon. The man could not even pronounce Tanzania (his version rhymed with Romania).

All of which is true. But the critique suffers from two weaknesses. First, the people making it, which includes almost everyone, are throwing stones from glass houses. These include form­er Republican presidential candidates Mitt Romney, John McCain and Lindsey Graham and their galaxy of advisers — 121 of whom signed a letter condemning Mr Trump’s platform. It also includes the Democratic elites led by Hillary Clinton. They may differ in degree but they share a basic worldview. The US must uphold universal values with force if necessary. That is how things are done. In the words of Madeleine Albright, the former secretary of state, the US sees further than other nations because “it stands taller”.

All of which adds up. Yet, with one or two exceptions, these were the same people who brought you the US-led invasion of Iraq. Mr Trump plays loose with detail when he claims to have opposed the 2003 war (he said very little until the scale of the disaster had become obvious). But few outside Washington bother with such timelines. What they grasp is that Mr Trump has united the same elites against him who were so collectively wrong on Iraq. This is no minor detail. Washington’s biggest brains have a record of miscuing in unison on the biggest questions.

Think of the Vietnam war, which competes with Iraq as the largest foreign policy disaster in US history. That was famously orchestrated by “the best and the brightest”. Their doctrine was the domino theory — if one state fell to communism, its neighbours would follow. It was simple, logical and disastrous. George W Bush’s doctrine was that pre-emptive war would stave off bigger threats down the line. It was also easy to grasp and catastrophic. The Iraq war spawned the monster child of Isis. On a smaller scale, the same could be said of the 2011 US-backed overthrow of Libya’s Muammer Gaddafi. Libya is now a second base for Isis. Given the chance, might these same elites drag the US into a Syrian quagmire, or a military clash with Russian president Vladimir Putin over Ukraine? Could we rule out a conflict with China in the South China Sea?

I think that it is highly likely that Trump’s foreign policy will batsh%$ insane.

It will be completely nuts.

That being said, there is a substantial possibility that this foreign policy will be saner and less destructive than the Council on Foreign Relations/Washington foreign policy consensus.

Guys Like this Need to Sell Cosmetics for a Living

Admiran (Ret) William McRaven, former head of JSOC, is ranting incoherently about the fact that civilian authority actually exerts authority over the military:

A long-percolating feud between Navy brass and the Senate has erupted into open conflict, with the retired admiral who oversaw the daring 2011 raid that killed Osama bin Laden publicly accusing lawmakers of harboring deep disrespect for military leaders.

In an unusually blunt column published Sunday in the Tampa Tribune, William H. McRaven, a retired four-star admiral, former Navy SEAL and former commander of the secretive Joint Special Operations Command, blasted members of Congress for a “disturbing trend in how politicians abuse and denigrate military leadership, particularly the officer corps, to advance their political agendas.”

Although McRaven did not single out lawmakers by name, he made clear that he was angry at the Senate for its treatment of Rear Adm. Brian L. Losey, the commander in charge of the Navy’s elite SEAL teams and other commando units. Losey, who formerly served under McRaven, was denied promotion last month and is being forced to retire after several senators from both parties pressured the Navy to hold him accountable for retaliating against multiple whistleblowers.

Calling Losey’s fate a “miscarriage of justice,” McRaven called him “without a doubt one of the finest officers with whom I have ever served. Over the past 15 years no officer I know in the SEAL Teams has given more to this country than Brian.”

Speaking on the Senate floor April 6, Sen. Charles Grassley (R-Iowa) said Rear Adm. Brian L. Losey was “an honored naval officer” but was “a serial retaliator” who deserved to be denied a promotion. (United States Senate)

………

McRaven’s description of Losey as an innocent victim is at odds with the findings of the Defense Department’s inspector general, which concluded that he had repeatedly violated whistleblower-protection laws.

The agency investigated Losey five times after subordinates complained that he had wrongly fired, demoted or punished them during a vengeful but fruitless hunt for a person who had anonymously reported him for a minor travel-policy infraction. After conducting separate investigations that involved more than 100 witnesses and 300,000 pages of emails, the inspector general upheld complaints from three of the five staffers and recommended that the Navy take action against him.

The Navy, however, dismissed the findings that Losey had violated the law and was poised to promote him last fall to become a two-star admiral until details of the case were revealed publicly for the first time in October by The Washington Post. That prompted several senators to object to the Navy’s plans. They turned up the pressure with a variety of legislative tactics until Navy Secretary Ray Mabus relented in March and announced that Losey’s promotion had been nixed. 

The travesty here is not Congress holding a corrupt general accountable.  It is the US Navy refusing to hold a corrupt general accountable.

These attitudes pervade the culture of the senior officer corps(e) in the US military. 

It is an entitled attitude that breeds corruption and incompetence.

Linkage

Here is a neat video of a model of a dam failure scale model doe by some school kids:

Larry Willmore Slayed at the White House Correspondents Dinner


Made Even Better by the Crowd Reaction

It is pretty clear that he looked at Colbert’s now famous talk 10 years ago, and decided give me some more of that:

Comedian Larry Wilmore held no punches at the 2016 White House correspondents’ dinner, taking aim at presidential candidates, reporters and Bill Cosby. (Erin Patrick O’Connor/The Washington Post)

It’s always the big question after the White House correspondents’ dinner: Did the comedian flop?

Opinions vary wildly, but there’s no question some of Larry Wilmore’s jokes received a very frosty reaction inside the Washington Hilton on Saturday night.

………

But that was nothing compared to when he tried out his jokes about the media — to a crowd filled to the brim with journalists.

………

On TV, the reaction sounded like hushed murmurs. Our colleagues inside the dinner reported the line bombed. “Boo!” someone yelled. “Hiss!” yelled another.

Wilmore laughed nervously. “No — alright, fine, I like Wolf.” He was booed again when he took another shot at Wolf’s network: “I don’t know about you guys, but I cannot get enough of that CNN countdown clock. Now we can see exactly when they hit zero in the ratings.”

Another joke that didn’t go over so well? “A little bit about me, I am a black man who replaced a white man who pretended to be a TV newscaster,” Wilmore said. “So yeah, in that way Lester Holt and I have a lot in common.”

There were audible, very loud gasps at that joke that obviously called out Brian Williams, replaced by Holt on “NBC Nightly News” after it was discovered he exaggerated or misrepresented stories over the years.

………

Melissa Harris-Perry, whose messy departure with MSNBC was specifically referenced in the routine (Wilmore says MSNBC now stands for “Missing a Significant Number of Black Correspondents”), tweeted support for Wilmore, which is unsurprising:

It was a good talk, made even better by the frosty reception of the room, who are still as thin skinned as they always were.

The best line was not a dig at Fox, but by a line about MSNBC, “MSNBC got rid of so many black people I thought Boko Haram was running that network,” though the best moment when Don Lemon flipped the bird in response to a dig at him.

He also dropped the N-bomb.

It was good, and he had to know that he would piss off most of the guys in the room.

Well played Mr. Wilmore.

Here is the complete transcript .

Not Enough Bullets

It appears that the banks are asserting that they have a constitutional right to dividends from the Federal Reserve:

A trade group for the nation’s largest banks has asserted a constitutional right to risk-free profit from the Federal Reserve.

Rob Nichols, the chief lobbyist for the American Bankers Association, argued in a comment letter Thursday that a recent federal law reducing the dividend on the stock that banks purchase as part of membership in the Federal Reserve system, violates the Fifth Amendment clause banning the uncompensated seizure of property.

Congress reduced the dividend as part of a deal to pay for transportation projects. Dividends for the stock, which cannot be bought or sold, had been set at 6 percent since the Federal Reserve’s inception in 1913. Banks cannot ever lose money on the stock; they’re even paid out if their regional Fed bank disbands. So the dividend represented a risk-free profit, earning back its investment in full every 17 years.

………

Given those facts, [American Bankers Association chief lobbyist Rob] Nichols’s argument amounts to saying that the 6 percent dividend rate itself is constitutionally protected, because it’s been around for a long time. Nichols effectively asserts that the risk-free dividend is bank property.

Seriously?

I cannot see how a government subsidy can be considered property, particularly not a dividend which, as anyone who knows anything about investments, knows is subject to change without warning.