Posted on 10/18/2006 9:49:22 PM PDT by bitt
In January on PBS, Jim Lehrer asked Sen. Reid why lobbying reform was moving so slowly. Reid replied, "Jim, it's taken a while for this culture of corruption the Republicans have developed to come into the fore." Aspiring "Speaker Pelosi" just gave a speech at Georgetown University pledging to "drain the swamp" of GOP corruption on Capitol Hill. The Democratic National Committee even had a page on their Website devoted to the "Republican Culture of Corruption."
But that "Culture of Corruption" page on the DNC home page has disappeared. Something funny happened on the way to the polls this year. The Democrats have shown they have their own contemporary ethical problems. Luckily for them, it probably won't matter much on Nov. 7. The national news media have decided to ignore them.
Look no further than Reid himself. Associated Press reporters John Solomon and Kathleen Hennessy reported that Reid scored a windfall of $700,000, turning a $400,000 real-estate investment in Las Vegas in 1998 to a $1.1 million land deal in 2004 -- even though he apparently had sold the property to a casino lobbyist buddy in 2001. He did not report the facts on his Senate financial disclosure forms -- while he served on the Senate Ethics Committee.
When the AP called Reid for comment, he hung up on them. You would think that an aggressive, fair and balanced media would have been incensed and activated. But we don't have a fair and balanced national media.
It should be said that major newspaper editorial pages were not impressed with Reid's defense. The Washington Post suggested that "Mr. Reid's professions of transparency and full disclosure are transparently wrong."
But the network distaste for saying anything critical of the Democratic leader was obvious. .......CNN stood out as especially pathetic....." more
(Excerpt) Read more at news.yahoo.com ...
REID MUST GO!!!
Wonder how the clerical errors were treated on his income tax statements?
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Reid Goes Beyond Ethics Requirements, Disarms GOP Smear Campaign (BARF)
Understatement Award of The Year, Brent.
But the network distaste for saying anything critical of the Democratic leader was obvious. ABC aired nothing. CBS aired nothing. NBC's Chip Reid offered a few words on "Nightly News" -- after the latest full story on "Foley fallout." There was no "Harry fallout."
CNN stood out as especially pathetic. On CNN's "American Morning" the day after the Reid story broke (and nearly two weeks after Foley resigned), they aired 18 minutes of Foley stories and 35 seconds on Harry Reid
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The socialist/Marxist/liberal media is the most destructive, relentless, and ruthless enemy of this Republic.
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Do not fear the enemy, for your enemy can only take your life. It is far better that you fear the press, for they will steal your HONOR. That awful power, the public opinion of a nation, is created in America by a horde of ignorant, self-complacent simpletons who failed at ditching and shoemaking and fetched up in journalism on their way to the poorhouse. -Mark Twain
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"A nation can survive its fools and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and he carries his banners openly against the city. But the traitor moves among those within the gates freely, his sly whispers rustling through all alleys, heard in the very halls of government itself. For the traitor appears no traitor; he speaks in the accents familiar to his victim, and he wears their face and their garments and he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation; he works secretly and unknown in the night to undermine the pillars of a city; he infects the body politic so that it can no longer resist. A murderer is less to be feared. The traitor is the plague." - Marcus Tullius Cicero, Roman Orator --- 106-43 B.C.
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"How often we recall, with regret, that Napoleon once shot at a magazine editor and missed him and killed a publisher. But we remember with charity, that his intentions were good. - Letter to Henry Mills Alden, published in the Chicago Daily Tribune, November 11, 1906, pg. 3.
"Give 'em gell, Harry!"
"The button stops here!", Harry
Vegas, Baby!
You're faded, Harry.
I think the $1.1 million figure is wrong. I read in FR that Reid sold his land to a LLC for $400K. He then later received $1.1 million as his share of the land sale. $400K plus $1.1 million = $1.5 million.
Censorship of the press is repugnant. Censorship by the press if despicable!
Tonight Larry King ran a story on Mark Foley, I had tuned in to hear what Rose Rocks complaint was about, Larry said the Foley story was coming up. Not a mention of Harry Reid. I clicked him OFF.
Some day the MSM will be held accountable. I don't know how or where, but sadly it might be by their new caliphate overlords that they themselves brought to power.
Hopefully, it'll be by some technological advance that makes them obsolete.
Pretty sure that invention is the internet. Now, remember to thank Al Gore when the net takes down MSM, I prefer to call it the PCPress.
"Predictably, NBC gave it a few seconds. The other networks did nothing. The papers buried it inside. And they wonder why there are bumper stickers saying, "Don't Trust the Liberal Media."" ---
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"Don't Trust the Liberal Media." --- they all ought to be hung.
He and one or more persons set up a LLC and he transferred the land (not really sold it, except on verbal statement ), having a value then alleged to be $400,000. The LLC later sold the land and his share was $1,100,000. That's an "obscene" profit of $700,000. More than Big Oil makes. He would have reported the profit on his personal tax return. That's the way a LLC works. As an accountant, I am advising he did those things in the best manner for investment purposes. Neveryheless, how sweet it is....
Its already been invented. God has already invented everything that needs inventing, we just discover them.
Revelation 20
12 And I saw the dead, small and great, stand before God; and the books were opened: and another book was opened, which is the book of life: and the dead were judged out of those things which were written in the books, according to their works.
13 And the sea gave up the dead which were in it; and death and hell delivered up the dead which were in them: and they were judged every man according to their works.
It might be some future advancement of the internet, but as the internet is today, it cannot disseminate information as rapidly, as broadly, and as controlled as does the MSM....especially broadcast.
"CNN stood out as especially pathetic. On CNN's "American Morning" the day after the Reid story broke (and nearly two weeks after Foley resigned), they aired 18 minutes of Foley stories and 35 seconds on Harry Reid."
18 minutes of Foley stories (after he resigned) and 35 seconds on Harry Reid, give me an effen break. Harry Reid should be shipped off to GTMO along with the powers to be at CNN and treated like an enemy combatant.
The real sticking point here for the esteemed Senator from Nevada is the status of his "shares" from the LLC.
I'm pretty sure he reported the transaction on his tax return - not even he is that bold. But he sold the LLC the land he'd bought several years earlier for what he paid for it - $400K.
Now, a few years pass, and he gets his share of the sale, $1.1M.
What I'm betting is, he reported the income against the basis of his outstanding shares in the LLC, for purposes of calculating the capital gain. I think he used a different, inflated figure for the shares of the LLC, thereby lowering, or maybe even eliminating, any tax consequence for this transaction.
In effect (no, in reality!) he laundered this money.
There are many, many other aspects of this saga that will not pass the smell test, of course, but this is probably one of his biggest problems, and if somebody at Justice has any sense of justice and a good pair of balls, they'll bring RICO charges against him for this little indiscretion.
I doubt, in the end, that will happen, but one really has to wonder just how many skeletons this guy has in his closets.
At least, this is how I'm viewing things on this story.
CA....
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