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Keyword: jacklew

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  • New Inversion Rules Seek to Punish Businesses, Not Raise Revenue

    09/23/2014 8:46:25 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 09/23/14 | Alan Joel
    U.S. companies face a kind of double taxation--taxing both domestic and foreign earned corporate income--and we are the only major industrial nation to do this to our businesses New Inversion Rules Seek to Punish Businesses, Not Raise Revenue The Department of the Treasury announced last night that it has implemented new rules aimed at making it more difficult for U.S. companies to move their headquarters abroad, which is known as an “inversion”. The rules take immediate effect. Interestingly enough, when Obama began his crusade against inversions earlier this summer, Secretary of the Treasury Jack Lew was adamant enough that rules...
  • The Patriotism of Prosperity

    08/13/2014 8:25:49 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | August 13, 2014 | Dr Ben Carson
    A few weeks ago, it was quite revealing -- but not surprising -- to hear Treasury Secretary Jacob Lew imply that corporate America should willingly pay the highest corporate-tax rates in the world as part of its "patriotic" duty. This kind of discourse demonstrates a profound misunderstanding of capitalism, which is an important component of American exceptionalism. In our system, people do not go into business, in many cases risking everything they have and more, in order to support the government. They obviously take those kinds of risks to make money. Instead of chastising American businesses for making financially...
  • Lew: U.S. likely able to pay bills through Feb.27

    02/08/2014 9:40:46 AM PST · by mdittmar · 13 replies
    UPI ^ | Feb. 7, 2014 | UPI
    (UPI) -- U.S. Treasury Secretary Jack Lew Friday urged Congress to raise the federal borrowing limit to "provide certainty to the economy and to the financial markets."In a letter to House Speaker John Boehner, R-Ohio, Lew said the Treasury was implementing extraordinary measures to pay the government's bills as of Friday, with the expiration of a temporary suspension of the statutory debt limit that was part of the Continuing Appropriations Act of 2014 -- a compromise spending bill that led to the end to a government shutdown."Because Congress has not acted to approve normal borrowing authority, Treasury must begin implementing...
  • Treasury's Lew warns that U.S. default could happen quickly

    02/03/2014 6:54:09 AM PST · by Red in Blue PA · 25 replies
    WASHINGTON (Reuters) - The Obama administration warned on Monday it could start defaulting on the government's obligations "very soon" after hitting a limit on the national debt later this month. Treasury Secretary Jack Lew said the federal government should hit the ceiling by the end of February unless Washington raises the nation's limit on public borrowing. The federal government would then burn through its remaining cash more quickly that it would at other times of the year because the Treasury will be issuing tax refund checks, Lew said. "Without borrowing authority, at some point very soon, it would not be...
  • Should students learn cursive? Some states say yes

    11/14/2013 9:22:13 PM PST · by Olog-hai · 68 replies
    Associated Press ^ | Nov. 14, 2013 12:39 PM EST | Julie Carr Smyth
    The swirling lines from Linden Bateman’s pen have been conscripted into a national fight to keep cursive writing in American classrooms. Cursive. Penmanship. Handwriting. In years gone by, it helped distinguish the literate from the illiterate.But now, in the digital age, people are increasingly communicating by computer and smartphone. No handwritten signature necessary. Call it a sign of the times. When the new Common Core educational standards were crafted, penmanship classes were dropped. But at least seven of the 45 states that adopted the standards are fighting to restore the cursive instruction. …
  • Sunday Morning Talk Show Thread 20 October 2013

    10/20/2013 5:22:37 AM PDT · by Alas Babylon! · 144 replies
    Various driveby media television networks ^ | 20 October 2013 | Various Self-Serving Politicians and Big Media Screaming Faces
    The Talk Shows October 20th, 2013 Guests to be interviewed today on major television talk shows: FOX NEWS SUNDAY (Fox Network): Sens. Marco Rubio, R-Fla., Dick Durbin, D-Ill., and Roy Blunt, R-Mo.MEET THE PRESS (NBC): Israeli Prime Minister Benjamin Netanyahu; Treasury Secretary Jacob Lew; Sens. Chuck Schumer, D-N.Y., and Tom Coburn, R-Okla.FACE THE NATION (CBS): Sens. Mitch McConnell, R-Ky., Lindsey Graham, R-S.C., and Mark Warner, D-Va. THIS WEEK (ABC): Rep. Nancy Pelosi, D-Calif.; Sen. Ted Cruz, R-Texas; former Gov. Jeb Bush, R-Fla.STATE OF THE UNION (CNN): Cruz; Sen. John McCain, R-Ariz.
  • Why Does Obama Want To End Sequestration When It Was His & Lew's Idea? (According To Woodward

    10/13/2013 11:43:41 AM PDT · by Laissez-faire capitalist · 12 replies
    10/13/2013 | Laissez-Faire Capitalist
    Bob Woodward said that sequestration was Obama's & Lew's idea. Why now is Obama againt it? Why was he for it before he was against it? Why does he flip-flop on his CORE beliefs (raising the debt ceiling, the individual mandate, sequestration, etc)? Not secondary or tertiary beliefs...core beliefs. And why is Lew fearmongering over the debt ceiling? What he has said about it recently has been debunked by Moody's.
  • Shutdown Hinders Iran, Syria Sanctions Enforcement, Treasury Official Says

    10/03/2013 10:46:36 PM PDT · by Tailgunner Joe · 11 replies
    abcnews.go.com ^ | October 03, 2013 | Chris Good
    The Treasury Department’s Office of Foreign Assets Control, responsible for enforcing economic and trade sanctions against Iran and Syria, is being hindered because it has been pared down to a “skeleton crew” by the government shutdown, a Treasury official tells ABC News. “This massively reduced staffing not only impairs OFAC’s ability to execute its mission, it also undermines [the Treasury Department's Office of Terrorist Financing and Financial Crimes] broader efforts to combat money laundering and illicit finance, protect the integrity of the U.S. financial system, and disrupt the financial underpinnings of our adversaries,” according to the official, who asked not...
  • Lew Op-Ed: U.S. Failure to Pay Bills Hurts Everyone

    10/04/2013 7:52:00 AM PDT · by b4its2late · 20 replies
    US Treasury ^ | 10/3/2013 Page Content ​ | US Treasury
    Lew Op-Ed: U.S. Failure to Pay Bills Hurts Everyone 10/3/2013 WASHINGTON – In an op-ed to be published in the October 4, 2013 edition of USA TODAY, Treasury Secretary Jacob J. Lew discusses the importance of Congress raising the debt limit immediately to avoid self-inflicted wounds that could impede economic growth and create uncertainty for families and businesses. The text of the piece follows: U.S. failure to pay bills hurts everyone If Congress does not raise the debt limit soon, seniors, veterans, kids, among others, are at risk. By Jack Lew It might be hard to believe, but there is...
  • IN PLEA TO RAISE DEBT CEILING, JACK LEW REPEATS HIMSELF--VERBATIM

    08/23/2013 6:44:42 AM PDT · by SeekAndFind · 2 replies
    Breitbart ^ | 08/23/2013 | JOEL B. POLLAK
    Secretary of the Treasury Jack Lew called on Congress Thursday to "raise the debt ceiling as soon as members get back to Washington after summer recess." Lew delivered a strident, partisan speech, repeating familiar arguments from the 2012 presidential campaign. Many of Lew's remarks were, in fact, repetitions of remarks he had given on May 7 at the City Club of Cleveland. Compare the following paragraphs (emphasis added on verbatim repetitions): Cleveland, May 7: Just over four years ago, when President Obama first took office, economic conditions were the worst our nation has seen since the Great Depression. Our economy...
  • The Phony IRS Scandal

    08/04/2013 9:10:23 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | August 4, 2013 | Bruce Bialosky
    The White House publicity machine has tried to turn the national conversation from the topics of the day to attempt to make our President relevant again. Obama, who has gained the new nickname Griffin (as in H.G. Wells’ The Invisible Man), has all but disappeared since his failed attempt to change the national gun laws in the beginning of this year. To clear grass so high that Obama needs a weed whacker just to be seen, his team has attempted a typical Obama technique. In this case they are creating a new mantra to discredit legitimate concerns of American voters...
  • Breaking: Issa Subpoenas Treasury Secretary Lew For IMPEDING IRS Targeting Investigation (Video)

    08/03/2013 6:41:16 PM PDT · by servo1969 · 101 replies
    Gateway Pundit ^ | 8-3-2013 | Jim Hoft
    The House Committee on Oversight and Government Reform subpoenaed Obama Treasury Secretary Jack Lew for withholding documentation from Congress in the ongoing IRS Tea Party Scandal investigation. The Oversight Committee accuses the Obama Administration of impeding and obstructing the investigation. “During the past two weeks, President Obama and you have repeatedly labeled the IRS’s strategy of targeting Americans for their political beliefs as a ‘phony’ scandal. While the Obama Administration has so publicly deflected responsibility for the targeting, it simultaneously has attempted to thwart congressional oversight into the matter… the IRS has engaged in a systematic effort to delay, frustrate,...
  • House subpoenas Treasury Secretary Jacob Lew for IRS documents

    08/02/2013 1:20:56 PM PDT · by Nachum · 20 replies
    Washington Times ^ | 8/2/13 | Stephen Dinan
    House Republicans on Friday accused Treasury Secretary Jacob Lew of obstructing their investigation into the IRS’s targeting of tea party and conservative groups, and issued subpoenas for more agency documents. Oversight committee chairman Darrell Issa sent a scathing latter to Lew blasting him and Obama for dismissing the GOP’s claims about IRS targeting as a phony scandal, saying that Lew has attempted to thwart his investigation. (Snip) The IRS came under scrutiny when its auditor reported earlier this year that the agency had singled out groups with “tea party,” “patriot” or “9/12” in their names for special scrutiny when the...
  • A Slo-Mo IRS Cover-Up

    08/02/2013 5:56:21 AM PDT · by Servant of the Cross · 14 replies
    National Review ^ | 8/2/2013 | John Fund
    When Obama condemns “phony scandals,” we can assume investigators are getting warm. Back on May 13, President Obama reacted heatedly to news that the IRS had delayed and harassed conservative groups applying for nonprofit status. “I have got no patience with it, I will not tolerate it, and we will make sure that we find out exactly what happened on this,” he told reporters. How is the president living up to that pledge? At best, meh. At worst, we are seeing a slow-motion cover-up. In a speech he made last week, he railed against an “endless parade” of “phony scandals”...
  • Jack Lew's Dazzling Lack of Curiosity

    07/29/2013 5:21:54 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | July 28, 2013 | Carol Platt Liebau
    Amazingly, Secretary of the Treasury Jack Lew doesn't think it's "appropriate" for him simply to ask the IRS's chief counsel (and President Obama's political appointee) William Wilkins what he knows about the targeting scandal. Obviously, it's much easier to continue to insist that there's "no evidence" of wrongdoing if one goes far out of one's way to avoid learning any potentially unwelcome facts. Jack Lew Refuses To Answer If William Wilkins Has Been Asked About IRS Targeting
  • Jack Lew: Yes, IRS Scandal is ‘Phony’

    07/29/2013 7:07:43 AM PDT · by SeekAndFind · 26 replies
    National Review ^ | 07/29/2013 | Eliana Johnson
    CLICK ABOVE LINK FOR THE VIDEO Treasury secretary Jack Lew on Sunday got specific about President Obama’s contention that “phony scandals” are distracting lawmakers from tackling the important issues facing the country. With regard to the IRS’s targeting of tea-party groups, Lew said, there is “no evidence” that any political appointee was involved in the matter, and “The attempt to try to keep finding that evidence is creating the kind of sense of a phony scandal that was being referred to there.” “We have to distinguish reality from the part that is phony,” Lew told NBC’s David Gregory. He went...
  • White House doubles down on vow Obama won't agree to more spending cuts

    07/28/2013 11:41:54 AM PDT · by Innovative · 37 replies
    FoxNews ^ | July 28, 2013 | FoxNews
    The Obama administration dug in Sunday on its vow to reject proposed spending cuts by congressional Republicans in upcoming budget talks, but declined to say whether the president would veto their proposals or allow a government shutdown. Treasury Secretary Jack Lew told “Fox News Sunday” that President Obama will neither sign government funding bills that slash domestic spending nor negotiate with Republicans over spending cuts to reduce the federal debt limit. He also said the president was not going to accept a budget in which domestic spending is further cut to soften the blow to Defense spending.
  • Wallace Destroys Jack Lew Over IRS Scandal: ‘Where’s The Investigation? The Questions

    07/28/2013 11:35:12 AM PDT · by Nachum · 39 replies
    Mediaite ^ | 7/28/13 | Evan McMurry
    On Fox News Sunday, Chris Wallace went after Treasury Secretary Jack Lew over the investigation—or lack thereof, in Wallace’s estimation—of alleged targeting by the IRS of conservative 501(c)(4) groups. The IRS scandal—which had receded in recent weeks after an audit by the Inspector General revealed progressive groups were scrutinized in addition to conservative organizations, and produced no evidence linking the behavior to a political appointee—was revived this week when President Barack Obama’s invoked “phony scandals” in his speech in Galesburg, Illinois. Lew was directed by Obama to follow up on the Inspector General’s report
  • Is This The Recovery Obama (And Jack Lew) Is Talking About?

    07/28/2013 8:43:15 AM PDT · by Perdogg · 15 replies
    Zero hedge ^ | Submitted by Tyler Durden on 07/27/2013 20:41 -0400
    Obama: "...the economy is far stronger now than it was four and a half years ago." ...as long as one ignores the reality of the following chart... We've seen macro "Hope" and micro "Reality", but for the man in the street, it would appear from the chart above that the trajectory for 'recovery' green shoots is decidedly down and getting worse... even as the President tells the American public they are so much better off... (h/t @Not_Jim_Cramer)
  • Lew says stubborn Congress risks repeating U.S. fiscal wounds

    07/28/2013 8:26:08 AM PDT · by Oldeconomybuyer · 6 replies
    Reuters ^ | July 28, 2013
    U.S. Treasury Secretary Jack Lew on Sunday warned Congress against manufacturing a crisis over federal spending in the months ahead, as looming deadlines set the stage for a repeat of the political deadlock which two years ago triggered worldwide financial market turmoil. "We have already done a lot of deficit reduction," he said in an interview on NBC. "We need to get the debt limit extended in a way that doesn't create a crisis," Lew said.
  • Sunday Morning Talk Show Thread 28 July 2013

    07/28/2013 5:46:58 AM PDT · by Alas Babylon! · 238 replies
    Various driveby media television networks ^ | 28 July 2013 | Various Self-Serving Politicians and Big Media Screaming Faces
    The Talk Shows July 28th, 2013 Guests to be interviewed today on major television talk shows: FOX NEWS SUNDAY (Fox Network): Treasury Secretary Jack Lew; Sen. Mike Lee, R-Utah.MEET THE PRESS (NBC): Lew; Rep. Mike Rogers, R-Mich.; Christine Quinn, candidate for New York mayor.FACE THE NATION (CBS): Rogers; Sen. Mark Udall, D-Colo.THIS WEEK (ABC): Lew; Sens. Saxby Chambliss, R-Ga., and Dick Durbin, D-Ill.STATE OF THE UNION (CNN): Lew; Rep. Peter King, R-N.Y.; Sen. Dianne Feinstein, D-Calif.
  • Should we be concerned about Jack Lew quietly raising debt ceiling $51 billion without a vote?

    07/22/2013 9:13:30 AM PDT · by yoe · 38 replies
    Patriot Action ^ | July 21, 2013 | Jerry McGlothlin
    Video: Does the number $16.7 trillion ring a bell? It's the debt ceiling. It's the line in the sand that must not be crossed. And to protect that line we have a Republican Congress. But that line has been crossed and not a peep out of Congress or the major news media. Obama's unelected bureaucrat, Treasury Secretary Jack Lew, just unilaterally hiked the national debt of the United States another $51 billion dollars. And how did he do it? Simple. He just did it. No Senate. No Congress. No problem. He simply called it a "standard set of extraordinary measures"...
  • 25 tea party groups sue Obama administration, IRS

    05/29/2013 5:59:25 PM PDT · by Sub-Driver · 25 replies
    25 tea party groups sue Obama administration, IRS By: Byron Tau May 29, 2013 02:11 PM EDT A conservative watchdog group filed a lawsuit Wednesday on behalf of 25 tea party groups against the Internal Revenue Service and Obama administration officials. The complaint, filed by the American Center for Law and Justice, alleges that the Obama administration overstepped its authority and violated the First and Fifth amendments to the U.S. Constitution. It’s the latest in the unfolding legal drama over the IRS’s admitted targeting of tea party groups — a scandal that has already cost the acting head of the...
  • [Obama Stooge] Lew asks Congress for debt increase, says it’s 'not open to debate'

    05/18/2013 12:07:17 PM PDT · by SoFloFreeper · 68 replies
    The Hill ^ | 5/17/13 | Peter Schroeder
    Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit and insisted that the White House is not going to negotiate over the increase because lawmakers have "no choice." "We will not negotiate over the debt limit," Lew wrote. "The creditworthiness of the United States is non-negotiable. The question of whether the country must pay obligations it has already incurred is not open to debate." Lew said that while President Obama is willing to discuss plans to reduce the nation's deficit with Congress, those talks must be kept separate from any effort to raise the nation's...
  • US Treasury chief urges EU to ease off austerity

    04/08/2013 4:08:03 AM PDT · by John W · 20 replies
    AP via Yahoo news ^ | April 8, 2013 | Juergen Baetz
    BRUSSELS (AP) — European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked off a series of meetings with the region's top leaders. America's biggest trading partner and the world's largest economic bloc has entered the fourth year of its debt crisis, which has plunged many of the 27 EU governments into recession. The U.S. administration hopes Europe will relent in its focus on debt reduction, which has been hurting growth through spending cuts and tax increases. Lew, who became treasury secretary in February, started his first official...
  • Jack Lew and Citigroup: How the Corrupt Rich Get Richer with Cronyism

    03/01/2013 9:29:57 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | March 1, 2013 | Daniel J. Mitchell
    If you’re an amoral person with political connections, it’s possible to make a lot of money. Warren Buffett lined his pockets by making a government-subsidized investment in Goldman Sachs during the financial crisis.The rest of us suffered and he got richer, but the left seems to be okay with that perverse form of redistribution because he supports class-warfare tax hikes. Sort of like buying an indulgence in the Middle Ages.Hey, nice work if you can get it.But Buffett may be an amateur compared to the crony capitalists at Citigroup.The just-confirmed Treasury Secretary Jack Lew was given a huge bonus for...
  • Wall Street Walks on the White House

    02/24/2013 8:24:47 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | February 24, 2013 | Marita Noon
    The nomination of Jack Lew for Treasury Secretary has uncovered a lot of dirt about the man, but it also has a lot of dust swirling, regarding the incestuous relationship between the Obama administration and Wall Street that the White House would probably prefer to have kept buried. The story surely tarnishes the President’s image as “a man of the people, standing up to Wall Street.” In Lew we find much of what President Obama publicly derides—but, as Forbes reports, is “prepared to accept from his closest associates.” In 2009, Obama said it was the “height of irresponsibility” and “shameful”...
  • Grilled about Cayman Investments, Jack Lew Chooses the I’m-a-Moron Defense

    02/16/2013 9:37:59 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | February 16, 2013 | Daniel J. Mitchell
    Every so often, you get a “teaching moment” in Washington, and we now have an excellent opportunity to educate lawmakers about the “offshore” world because President Obama’s nominee to be Treasury Secretary has been caught with his hand in the tax haven cookie jar. Mr. Lew not only invested some of his own money in a Cayman-based fund, he also was in charge of a Citi Bank division that had over 100 Cayman-domiciled funds.As you can imagine, Republicans are having some fun with this issue.Mitt Romney was subjected to a lot of class-warfare demagoguery during the 2012 campaign because he...
  • WH COS Doesn't Know Why ObamaCare Doesn't Apply To WH

    02/13/2013 7:14:19 PM PST · by Nachum · 3 replies
    youtube ^ | 2/13/13 | goprapidresponse
    Jack Lew, White House Chief of Staff doesn't know why ObamaCared doesn't apply to the WH staff (February 13, 2013).
  • Jack Lew: I had no idea my money was even in the Cayman Islands

    02/13/2013 6:21:12 PM PST · by chessplayer · 15 replies
    I point this out, not because I think that Lew’s erstwhile Cayman Island holdings in and of themselves should be a discrediting factor in his nomination to replace Tim Geithner as head of the Treasury Department; again, if politicians are looking for someone or something to blame for wealthy people looking to save more of their own money by moving it to offshore accounts, then maybe they should start with our ridiculously uncompetitive and bulky tax code. Quite blaming the symptoms, people, and try blaming the disease instead. I point this out, because of the spectacular showcase it provides into...
  • WH COS Unable To Answer Basic Benghazi Questions

    02/13/2013 1:30:53 PM PST · by Nachum · 19 replies
    youtube ^ | Feb 13, 2013 | goprapidresponse
    Jack Lew, the White House Chief of Staff can't answer basic questions about the attack on Benghazi (February 13, 2013).
  • From the Citi to the Caymans (Jack Lew rehabilitates what Obama once called a 'tax scam.')

    02/13/2013 6:42:11 AM PST · by SeekAndFind · 2 replies
    No matter how Jack Lew performs at his Senate confirmation hearing on Wednesday, his nomination to be Treasury Secretary has already produced one big winner: the Cayman Islands. The Caribbean low-tax haven is getting a political rehabilitation thanks to Mr. Lew's participation in a Cayman-based fund he invested in while working at Citigroup C +0.16% from 2006-2008. For years Democrats have denounced the Caymans, which has no corporate income tax, as a refuge for tax cheats. In 2012 President Obama ripped Mitt Romney for investments based there. But now an Obama spokesman suggests that Mr. Lew's Caymans investment, a Citigroup...
  • Obama’s hypocrisy on Jack Lew

    02/11/2013 2:46:17 PM PST · by neverdem · 1 replies
    Washington Post ^ | February 11, 2013 | Marc A. Thiessen
    In a brutal campaign ad last year, Barack Obama showed Mitt Romney warbling “America the Beautiful” while pictures of a sandy beach appeared and the ad declared: “He had millions in a Swiss bank account . . . tax havens like Bermuda … and the Cayman Islands.” It concluded: “Mitt Romney’s not the solution. He’s the problem.” Well, apparently someone else is part of the “problem”: Obama’s nominee for Treasury secretary, Jack Lew. --snip-- Investing in the Cayman Islands does not make Lew unfit to be Treasury secretary. But it does make him unfit to be Obama’s Treasury secretary.
  • Lew’s Cayman Islands Fund a Likely Issue at Confirmation Hearings

    02/09/2013 9:01:15 PM PST · by Ernest_at_the_Beach · 4 replies
    thecaucus.blogs.nytimes.com ^ | February 8, 2013, 6:21 pm | By JONATHAN WEISMAN
    As recently as 2010, Jack Lew, President Obama‘s nominee to be the next secretary of the Treasury, had $56,000 invested in a CitiGroup venture capital fund based in the Cayman Islands’ notorious Ugland House, a building whose mailboxes are home to nearly 19,000 corporate entities, many of them tax shelters.The investment has been in public documents for years and drew no attention when Mr. Lew was confirmed to be deputy secretary of state in 2009 and director of the White House Office of Management and Budget in 2010.But the fund is coming to light as Mr. Obama and Congressional...
  • Cayman Islands investment snags Jack Lew nomination for Treasury Secretary

    02/09/2013 1:03:03 PM PST · by SeekAndFind · 8 replies
    POLITCO ^ | 02/10/2013 | By KELSEY SNELL
    An investment Jack Lew made in the Cayman Islands has been flagged as an issue in the Treasury secretary nominee’s vetting by the Senate Finance Committee, according to multiple sources close to the confirmation process. The White House says the investment was previously disclosed and is already a public matter. Republican staff “have told us that there are concerns,” said Sean Neary, a spokesman for Finance Committee Democrats. “This came out through the vetting process in prior confirmations. Once it was looked into deeper, it was determined that it was not an issue. Lew has been completely transparent and forthcoming...
  • Treasury nominee Jack Lew accused of breaking Medicare law by Republicans

    02/04/2013 1:24:32 PM PST · by PJ-Comix · 2 replies
    The Washington Times ^ | February 4, 2013 | Stephen Dinan
    Senate Republicans are sending a letter Monday to the White House budget office arguing that President Obama’s nominee to be treasury secretary, Jacob “Jack” Lew, was complicit in breaking a Medicare budget law. The letter comes the same day that Mr. Obama officially missed another deadline in the budget law by failing to submit his blueprint on the first Monday in February. The president has only met that deadline once in his tenure. On the Medicare funding issue, federal law requires that if the program’s funding becomes imbalanced, its trustees are required to issue a warning, and the president is...
  • Benghazi Bag Man, Denis McDonough, to be named Obama's Next Chief of Staff

    01/16/2013 5:51:26 PM PST · by Nachum · 20 replies
    Atlas Shrugs ^ | 1/16/13 | Pamela Geller
    Hagel, Brennan, Kerry ... and now Denis McDonough. President Barack Obama plans to name Deputy National Security Adviser Denis McDonough as his next chief of staff, a Democratic source briefed on the plans tells POLITICO. McDonough would replace Jack Lew, the communist Obama nominated to be his new Treasury secretary. Denis McDonough, Deputy National Security Advisor and a former senior fellow at the uber far left Center for American Progress, is the man most responsible for orchestrating the Benghazi jihad cover-up. McDonough rewrote the CIA talking points on Benghazi, misrepresenting the video, when the true motive behind the terrorist attack...
  • Jack Lew "Must Never be Treasury Secretary"

    01/16/2013 3:51:09 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 16, 2013 | Morgan Brittany
    With the hysteria brewing over the upcoming debt ceiling crisis and the uproar over gun control, people are concentrating on what the right hand of government is doing.  They are paying scant attention to the left hand which is feverishly nominating people to positions of power that we know very little about. The media is virtually burying the stories on most of Obama’s choices for his second term.  Those we already know like Janet Napolitano and John Kerry are really not worth the effort to talk about.  We know what we are getting with them, the book has been opened...
  • The “Hell No” Left

    01/14/2013 5:33:11 AM PST · by Kaslin · 18 replies
    Townhall.com ^ | January 14, 2013 | Dan Holler
    Last week, Politico profiled freshman Congressman Tom Cotton (R-AK) to give their readers a sneak peak at “the ‘hell no’ caucus.” According to the reporters, the Iraq and Afghanistan veteran who holds a pair of Harvard degrees is “neither a hick, nor a blowhard.” However, they said, “To much of the country, Cotton is nothing more than a straight, Southern, white, male, ‘radical’ conservative — a befuddling relic of a fading slice of politics.” Yes, that actually appeared in print; and, it is a caricature the elite media in Washington and New York City are all too willing to blindly...
  • An Unqualified Jack Lew Will Tax and Spend

    01/12/2013 5:05:24 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | January 12, 2013 | Larry Kudlow
    The worst part of the Jack Lew nomination for treasury secretary is not simply that he has no qualifications, standing or experience in the financial world or international sphere (think G20 and European debt crisis). Nor is it simply that he doesn't have any seasoned currency opinions (under Obama, the greenback has dropped 10 percent, while gold has doubled). Yes, these are big disqualifiers. But the real problem is that Lew is a left-liberal Obama spear-carrier, whose very appointment signals a sharp confrontation with the Republican House over key issues such as the debt ceiling, the spending sequester, next year's...
  • Republican senator: 'Jack Lew must never be secretary of Treasury' (Wall ST. Gambler?)

    01/11/2013 11:00:29 AM PST · by yoe · 8 replies
    Fox News ^ | Jamuary 9, 2013 | Kara Rowland
    A key Republican has vowed to block the expected promotion of White House Chief of Staff Jacob "Jack" Lew, saying he "must never be secretary of Treasury." [snip] A strongly worded statement by Sen. Jeff Sessions, R-Ala. -- prepared in anticipation of that nomination and obtained by Fox News -- signals the bumpy ride Lew could face during the Senate confirmation process. Sessions, the top Republican on the Senate Budget Committee, says Lew misled Congress about the White House's budget proposals and argues that should disqualify him from being put in charge of the government's finances. "Lew, as the president's...
  • Another Lost Year for America's Workers

    01/11/2013 7:47:45 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | Townhall.com | Donald Lambro
    WASHINGTON - President Obama's decision to name Jacob Lew, his chief of staff and former budget director, to be his Treasury secretary sent a depressing signal that the economy and jobs won't be his highest priority in a second term. With unemployment remaining stubbornly high in the fifth year of his presidency, the job of Treasury secretary cries out for a hard- driving, corporate chief executive with strong economic credentials. Instead, Obama intends to pick Lew who has reigned over his big spending budgets (and five consecutive trillion dollar deficits), and more recently has run the West Wing operation as...
  • Rubbing Our Noses in His Victory and Radicalism

    01/11/2013 2:20:31 AM PST · by Kaslin · 35 replies
    Townhall.com ^ | January 11, 2013 | David Limbaugh
    Hey, folks, remember the good old days when candidate Barack Obama at least pretended to be bipartisan and conciliatory? Now it's as if he's on a mission to prove he was faking it. Obama is behaving like a bitter ex-spouse who knows all our hot buttons and delights in pushing them. He is governing by crisis, fear, alienation, cronyism and anti-constitutional fiat. He is openly flaunting his militant radicalism, as if he's trying to provoke us -- and his second term hasn't even begun. He is horrifying all Americans who have the slightest concern about our deficits and debt, refusing...
  • Here's Obama's Message to GOP by Appointing Lew Treasury Secretary

    01/10/2013 6:19:28 PM PST · by george76 · 14 replies
    CNBC ^ | 10 Jan 2013 | John Carney
    Barack Obama is sending a pointed message to Republicans by nominating Jack Lew as Treasury Secretary: I'm not backing down from this budget fight. This is certainly a blow to any hope that Republicans might have had that Obama would flinch from his pledge not to negotiate over the debt ceiling. The president has said he will demand a clean bill raising the debt ceiling, unattached to any conditions or spending cuts. To call Lew's relationship with Capitol Hill Republicans strained would be an understatement. According to some on the Hill, there just is no relationship anymore. ... If Obama...
  • Jack Lew Bagged $950,000 Bonus After Citigroup Bailout

    01/10/2013 5:30:38 PM PST · by george76 · 15 replies
    Breitbart ^ | 9 Jan 2013 | Wynton Hall
    In the wake of the financial meltdown, President Barack Obama derided Wall Street bonuses as “obscene,” calling them examples of “fat cats who are getting awarded for their failure.” But now, Mr. Obama has announced that he will nominate as his next Treasury secretary Jack Lew, a man who in 2009 bagged a $950,000 bonus after his bank, Citigroup, received billions in a taxpayer-funded bailout. Mr. Lew is the former chief operating officer of Citigroup’s Alternative Investments unit—a group that bet billions against homeowners paying their mortgages.
  • Kudlow on Lew as Treasury secretary: 'Give me a phone book and I’ll find somebody more qualified'

    01/10/2013 1:26:49 PM PST · by Rufus2007 · 8 replies
    Daily Caller ^ | January 10, 2013 | Jeff Poor
    On Laura Ingraham’s radio on Thursday, CNBC anchor Larry Kudlow explained why President Barack Obama’s nomination of Jack Lew as the Timothy Geithner’s replacement to head the Treasury Department was a “nutty appointment.” The White House has not decided whether it will submit a budget before Feb. 4 as legally required, and Kudlow pointed to Lew as part of the problem. Kudlow cited Lew’s lack of qualifications as another reason that Obama’s appointment was “completely irresponsible.” “You know, this whole thing is kind of centered around the Senate, which hasn’t done a budget in 1,351 days — so whatever that...
  • Getting To Know Jack (Getting to know Obama’s Treasury-secretary nominee)

    01/10/2013 7:08:40 AM PST · by SeekAndFind · 10 replies
    National Review ^ | 01/10/2013 | Andrew Stiles
    President Obama will nominate current White House chief of staff Jack Lew on Thursday to replace outgoing Treasury secretary Timothy Geithner, according to several news reports. Republicans familiar with Lew, who was a key player in the debt-ceiling negotiations of 2011 as director of the Office of Management and Budget (OMB), say his nomination makes progress on tax and entitlement reform all the more unlikely in Obama’s second term. “We’ve always viewed him as a classic big-government liberal, someone who has consistently stood in the way of efforts to deal with our debt and deficit,” a senior House GOP aide...
  • Senior GOP Senator: Lew Must 'Never' be Treasury Secretary

    01/09/2013 5:08:02 PM PST · by JohnPDuncan · 8 replies
    The Hill ^ | Erik Wasson
    The top Republican on the Senate Budget Committee will oppose Jack Lew's nomination to be Treasury secretary. Sen. Jeff Sessions (R-Ala.) has prepared a statement saying "Jack Lew must never be Secretary of Treasury." He is not saying yet whether he will filibuster the nomination, however, which sources say President Obama will announce Thursday. Sessions expects that the Lew nomination will fail in the Senate, an aide said. The senator says Lew misrepresented Obama's 2012 budget by claiming that it did not add to the debt. "His testimony before the Senate Budget Committee less than two years ago was so...
  • Jack Lew’s Terrible Signature May Grace Dollar Bills Now (PERFECT Signature for Paper Money)

    01/09/2013 4:18:32 PM PST · by PJ-Comix · 20 replies
    New York Magazine ^ | January 9, 2013 | Kevin Roose
    Jack Lew, President Obama's reported pick to replace outgoing Treasury secretary Tim Geithner, is known as a no-nonsense backroom negotiator with wonkish tendencies, who is admired on the left and grumbled about on the right. A lesser-known but extremely pertinent fact about Lew is that he has the world's worst signature. And pretty soon, that signature could be on every single one of your dollar bills.
  • Jack Lew may succeed Timothy Geithner as treasury secretary, sources say

    01/09/2013 7:38:33 AM PST · by Perdogg · 36 replies
    President Barack Obama may choose White House Chief of Staff Jack Lew to replace Treasury Secretary Timothy F. Geithner as soon as this week, according to two people familiar with the matter.