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Keyword: lew

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  • CNN/ORC Poll: Debt Ceiling blame game. Majority will blame Republicans if debt ceiling not raised.

    02/04/2014 9:24:42 AM PST · by SeekAndFind · 23 replies
    More Americans would blame Republicans in Congress than President Barack Obama if the nation's debt ceiling is not raised, according to a new national poll. The release of the CNN/ORC International survey on Monday came as Treasury Secretary Jack Lew issued yet another public warning to Congress to act quickly to extend the nation's borrowing authority. Fifty-four percent of those questioned say they would blame the GOP in Congress if the debt ceiling isn't raised, with 29% saying they'd hold the President more responsible. Twelve percent say they'd point fingers at both sides. The numbers are little changed from last...
  • The New Debt Ceiling Deadline Is Going To Be Earlier Than We Thought

    01/23/2014 12:15:55 PM PST · by Brown Deer · 33 replies
    Business Insider ^ | Jan 22, 2014 | Brett LoGiurato
    The U.S. is likely to exhaust its borrowing authority on the earlier side of what Treasury Secretary Jack Lew had estimated, he said in a letter to Congressional leaders on Wednesday. Lew warned in the new letter that Congress will likely need to raise the debt ceiling by late February to avoid a potential default on the country's obligations. As part of the bill to reopen the government in mid-October, the debt limit was suspended through Feb. 7. The Treasury can use so-called "extraordinary measures" after that point to keep borrowing and paying the nation's bills for a few weeks...
  • 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.
  • Washington Monument Syndrome Versus Federal Default: Gov't Has Plenty Of Slack

    10/15/2013 5:06:04 PM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 10/15/2013 | Anthony B. Sanders
    The Washington Monument syndrome is describe the tendency of government agencies in the United States to cut the most visible or appreciated services provided by the government when faced with budget cuts. And protect massive waste (since no one would miss the massive waste if it was cut). Such as closing National Parks and Monuments. What are government agencies hiding? The fact that agencies have large concentrations of non-essential personnel. Even Time.com recognizes that most of Federal government in non-essential. The interest payments on Federal debt is a small percentage of Federal current expenditures (11.5% at the end of Q2)....
  • Bob Woodward: Obama owns sequestration (Why then are Dems attacking Rand Paul?

    10/13/2013 12:09:36 PM PDT · by Laissez-faire capitalist · 20 replies
    Politico.com ^ | 2/23/2013 | Kevin Cerilli
    Journalism icon Bob Woodward wrote in a new Washington Post op-ed first that the sequester was the "brain child" of the White House...
  • 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.
  • No, Failure To Raise Debt Ceiling Won't Cause Default

    10/10/2013 3:53:01 PM PDT · by jazusamo · 13 replies
    Investors.com ^ | October 10, 2013 | IBD Editorial
    Debt Talks: When Treasury Secretary Jack Lew repeatedly says the government has no choice in paying its bills if the debt ceiling is breached, he must surely know it's not true. So why say it? In a word, politics. As the nation's chief financial officer, the Treasury secretary has an enormous responsibility to shoot straight with the American public about the state of our finances. So does President Obama, for that matter. But when it comes to the political dispute over raising the debt ceiling from its current $16.7 trillion, Lew unfortunately has not leveled with us. Opting for political...
  • Hatch Scorches Lew: 'Not True, 'Simply False' 'Four Pinocchios'

    10/10/2013 11:02:41 AM PDT · by Nachum · 23 replies
    CNS News ^ | 10/10/13 | Terence P. Jeffrey
    (CNSNews.com) - Sen. Orrin Hatch (R.-Utah), the ranking member of the Senate Finance Committee, delivered a blistering statement directly to the face of Treasury Secretary Jacob Lew in a committee hearing this morning addressing the legal limit on the federal government’s debt. Hatch told Lew that statements and arguments Lew has been making in defense of the administration’s position that it will not negotiate with Congress over the terms of increasing the debt limit were “not true” and “simply false.”
  • Head In Sand: Treasury Secretary Lew Warns Of Debt Ceiling, Not Rising Debt Or Entitlements

    10/10/2013 7:25:43 AM PDT · by whitedog57 · 12 replies
    Confounded Interest ^ | 10/10/2013 | Anthony B. Sanders
    U.S. Treasury Secretary Jacob J. Lew warned Congress that “uncertainty” over the debt limit is starting to stress financial markets and trying to time an increase to the last minute “could be very dangerous.” Lew was speaking in testimony prepared for a hearing before the Senate Finance Committee today. debtceilgst But not the growth rate in debt or entitlements? Obamacare and other entitlements will lead to even more explosive debt growth in the US. debtprojection7 The US and much of the world has already been experiencing explosive debt in both the public and private sectors. See this link for a...
  • Lew blasts Republican debt limit 'deniers'

    10/10/2013 6:00:06 AM PDT · by Cincinatus' Wife · 27 replies
    The Hill ^ | October 10, 2013 | Peter Schroeder
    Treasury Secretary Jack Lew on Thursday denounced "irresponsible and reckless" arguments against boosting the $16.7 trillion debt limit. In testimony before Congress, the president's top economic adviser took aim at Republican "deniers" who contend that the nation need not default if the debt limit is not raised. Lew argued such an approach risks "irrevocable damage" to the nation's reputation on the global stage and in financial markets. Everything from military pay to Social Security payments could be put at risk without a debt limit boost, he warned. "It is irresponsible and reckless to insist that we experience a forced default...
  • Super Premium Treasuries and Janet Yellen

    10/08/2013 6:39:44 PM PDT · by whitedog57 · 8 replies
    Confounded Interest ^ | 10/08/2013 | Anthony B. Sanders
    Here is an interesting idea from UBS interest rate strategists Mike Schumacher and Boris Rjavinski. It is called “super premium Treasuries.” Here is how it works. 1. The U.S. government takes in $277 billion in tax revenues each month, and spends $452 billion each month, for a monthly deficit of around $175 billion. 2. It also has, on average, call it $100 billion of Treasury notes coming due each month. Instead of just rolling those Treasuries — paying them off at 100 cents on the dollar by issuing new Treasuries at 100 cents on the dollar — it should pay...
  • 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,...
  • The Gov't Won't Default As Long As The Interest Payment On The Federal Debt Outstanding Is Made

    07/29/2013 6:59:43 AM PDT · by Laissez-faire capitalist · 11 replies
    7/29/2013 | Laissez-Faire Capitalist
    As long as the interest payment - around $475 billion dollars over 12 months - of the federal debt outstanding (around $17 trillion dollars) is made, then a default can be averted; Hence, no need for a shutdown if the current revenues are allocated to make the interest payment(s) first. After that, current revenues would then cover Social Security payments, Medicare, Medicaid, SNAP benefits, unemployment benefits, and the rest would cover around half of the $580 billion dollars currently being called for, for military spending. And thus, we would need to borrow absolutely no more than $400 billion - and...
  • 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
  • Treasury Allows China To Cut In Front Of Line – China To Purchase Treasuries Direct From … Treasury

    06/05/2013 11:08:46 AM PDT · by whitedog57 · 22 replies
    Confounded Interest ^ | 06/05/2013 | Anthony B. Sanders
    US Treasury is considering letting China cut in front of other investors and buy Treasury debt direct from … Treasury. That is, bypass Primary Dealers. The relationship means the People’s Bank of China can buy United States debt using a different method from any other central bank. (Reuters) – China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. Its not the first time Treasury has schmoozed China. In 2009, when Treasury officials found...
  • [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...
  • Update: Acting IRS commissioner resigns; Update: Was resigning anyway?

    05/15/2013 10:12:32 PM PDT · by chessplayer · 10 replies
    Update: The first head rolls: O announces that Steve Miller, acting commissioner of the IRS and a man who’s known for a year about the agency’s targeting of conservatives, is out. Worth noting, though: Miller wasn’t commissioner when most of the targeting occurred. That was Doug Shulman, who left in November. Update: So the Miller resignation effectively meant nothing. "‘Lew took the first step by requesting and accepting the resignation of the acting director of the IRS,’ Obama said. ‘It’s important,’ he added, ‘to institute new leadership that can help restore confidence going forward.’ But in an email to IRS...
  • Republicans say they’ll get top Obama aide to testify — one way or another

    05/10/2011 11:33:56 AM PDT · by markomalley · 13 replies
    Daily Caller ^ | 5/10/11 | Jonathan Strong
    Top GOP oversight official Rep. Darrell Issa said in a May 9 letter that if a top Obama aide again declines to testify on a draft executive order requiring political disclosure from government contractors, Issa will be “required to consider the use of compulsory process” – a congressional subpoena.If Issa subpoenas OMB director Jacob Lew to testify about the draft order, which Republicans warn could allow the administration to politicize the government contracting process, it would be the first time the GOP has subpoenaed the Obama White House since they obtained the authority in taking over the House in January.A...
  • Acting IRS commissioner resigns in wake of agency scandal

    05/15/2013 3:42:10 PM PDT · by freedumb2003 · 154 replies
    FoxNews.com ^ | 5/15/2013 | Fox News
    <p>President Obama says Treasury Secretary Jacob Lew has requested and received the resignation of acting IRS commissioner Steven Miller, after critical report on targeting of conservative groups.</p>
  • Jack Lew Oversaw Up to 113 Cayman Island Investment Funds

    04/14/2013 5:00:02 PM PDT · by Nachum · 16 replies
    The Weekly Standard ^ | 4/13/13 | DANIEL HALPER
    Jack Lew, who has been nominated as the next treasury secretary, oversaw up as many as a hundred Cayman Island investments when he worked at Citi Bank as chief operating officer of the alternative investment services unit, SEC disclosures reveal. It has previously been reported that Lew himself had been invested in a fund that was based in the Cayman Islands. "To meet your complex hedge fund, fund of hedge funds and private equity fund needs, Citi is your single provider with market-leading experience, global reachand state-of-the-art technology. Our unmatched worldwide presence, economies of scale and comprehensive portfolio of solutions...
  • Treasury Secretary Lew Advises Europe To Increase Government Spending (Preview of Obama’s Budget)

    04/09/2013 9:02:13 AM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 04/09/2013 | Anthony B. Sanders
    President Obama’s budget will be released tomorrow and Treasury Secretary Jacob Lew is visiting Europe to preview President Obama’s budget: increase in debt of $7.3 trillion and removal of spending controls. Lew is advising Europe to borrow and spend more. Washington Post’s Zach Goldfarb reports Treasury Secretary Jack Lew, “quickly embracing his role as the leading US diplomat on the economy, pushed his counterparts in Europe on Monday to do more to drive economic growth and enact stronger and more unified defenses against financial panics.” In Brussels on Monday morning, Lew met with “a series of officials that included European...
  • Why Jack Lew Is a Disaster for Our Country [Sessions for Prez?]

    03/04/2013 7:03:02 AM PST · by Servant of the Cross
    Real Clear Politics ^ | 2/28/2013 | Senator Jeff Sessions
    During my remarks today I have exhaustively documented the case against the confirmation of Mr. Lew. I have detailed his disastrous budget plans, rebuked by editorial boards across the country and unanimously rejected by Congress. I have discussed his repeated, knowing, and deliberately false statements about those budget plans—most notoriously his claim that “Our budget will get us, over the next several years, to the point where we can look the American people in the eye and say we’re not adding to the debt anymore; we’re spending money that we have each year, and then we can work on bringing...
  • Stagnation Nation: Obama Signs His Own Idea (Sequestration) Into Law

    03/02/2013 6:01:45 PM PST · by whitedog57
    Confounded Interest ^ | 03/02/2013 | Anthony B. Sanders
    Sequestration, the measly slowdown in the growth rate of government spending, was President Obama and his Chief of Staff (now Treasury Secretary) Jacob Lew’s idea. Now President Obama has signed it into law. Today, I received an email from The White House explaining that it is all the Republicans fault for not closing tax loopholes on the wealthiest Americans. Furthermore, hundred of thousands of Americans will lose their jobs … or see their paycheck reduced. Dang, I wish Obama had thought of that in the first place!! Well, this is a better forecast that Maxine Waters’ (D-CA) prediction of 170...
  • Communism an 'Exaggerated Fear'? Social Security a 'Right'? We Have Jack Lew's College Thesis

    02/27/2013 3:24:18 PM PST · by Nachum · 8 replies
    Republic of Texas ^ | 2/27/13 | Charles C. Johnson.
    In his 1978 Harvard University honors thesis, current treasury secretary nominee and White House chief of staff Jacob “Jack” Lew wrote that Social Security payments should be a guaranteed right, regardless of whether the program’s “trust fund” contains enough money to distribute to beneficiaries. And progressive income taxes, he argued — not payroll taxes — should be used to fund the program to the point where America would guarantee benefit payments beyond what taxpayers have paid into the system. “Old age and Medicare benefits are guaranteed as a matter of right,” he noted, “even though many recipients draw more benefits...
  • Radical right-winger Bob Woodward: Obama owns sequestration

    02/23/2013 7:17:28 PM PST · by Laissez-faire capitalist · 11 replies
    2/23/2013 | Laissez-Faire Capitalist
    Writing for WaPo, and reported on by Politico, Woodward says that the White House was the initiator of this idea.
  • 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).
  • Lew Not Familiar With His Investment In What Obama Called Biggest Tax Scam In The World

    02/13/2013 9:43:21 AM PST · by Nachum · 2 replies
    youtube ^ | 2/13/12 | goprapidresponse·
    Jack Lew is not familiar with his investment in the Cayman Islands, which Pres. Obama attacked in 2009 (February 13, 2013).
  • After bludgeoning Romney, Dems oddly silent on Jack Lew’s Cayman Islands investments

    02/11/2013 2:30:44 PM PST · by what's up · 8 replies
    Hotair ^ | Feb 11, 2013 | Guy Benson
    There are myriad reasons for conservatives to oppose Jack Lew’s nomination for Treasury Secretary. The fact that Lew recently held a substantial, and entirely legal, investment based in the Cayman Islands is not one of them. But shouldn’t liberals be livid? Last year, the Obama campaign and its surrogates furiously accused Mitt Romney of “betting against America” through his financial portfolio, which included foreign holdings — including some in the Cayman Islands. This ad painting the Republican nominee as an unpatriotic hypocrite was memorably unsparing in its demagoguery:
  • 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...
  • "Wall-Street-Bonus" Lew to Replace "Tax-Avoider" Geithner at Treasury (It's good to be a crony)

    01/19/2013 7:36:28 AM PST · by SeekAndFind · 3 replies
    Forbes ^ | 01/19/2013 | Paul Roderick Gregory,
    Barack Obama vilifies both “Wall Street speculators “who pay themselves big bonuses when times are bad” and the greedy top Two Percenters who do not pay “their fair share” by exploiting tax loopholes. With such strongly articulated views, his nominee for Secretary of Treasury, Jack Lew, and his current Secretary of Treasury, Timothy Geithner, appear to be unlikely choices for such a sensitive cabinet position. Jack Lew collected over two million dollars for his short stint at the collapsing Citigroup. Tim Geithner, whose earnings placed him in the top two percent, conveniently forgot to pay a substantial portion of his...
  • 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...
  • 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.
  • 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...
  • Senator Jeff Sessions about President Obama’s nomination for Secretary of Treasury: “Jack Lew must

    01/09/2013 2:46:26 PM PST · by Nachum · 15 replies
    Greta Wire ^ | 1/9/13 | Greta Van Susteren
    NOTE BELOW – from FNC’s Kara Rowland about Senator Jeff Sessions statements about the nomination of Jack Lew for Secretary of Treasury: —— Below you will find excerpts of a statement on Jack Lew from Sen. Jeff Sessions (R-Ala.) – his office is planning to release the statement in full once Lew’s nomination is official but we have permission to use these excerpts NOW. I’d suggest sourcing as something like “according to excerpts of a statement by Sen. Jeff Sessions made in anticipation of the nomination obtained by Fox.” Though I realize that’s wordy. Sessions is the top Republican on...
  • Hey Obots: How Do You Like Obama's Higher Taxes on The Middle Class???

    01/08/2013 9:33:17 AM PST · by NOBO2012 · 7 replies
    Michelle Obama's Mirror ^ | 1-8-2013 | MOTUS
    Ouch! Nothing hurts quite as much as kicking yourself in the shin. It looks like low information voters across America are waking up from the personality party they’ve been at for the past few years to discover that not only do their shiny Obama-bucks not go as far as they use to, butt now they’re taking fewer of those bucks home. Man, who could have seen that coming? I mean, shoot(am I still allowed to say that?), read Big Guy’s lips. He promised, remember?(snip)READ MY LIPS: NO MORE TAXES! And yet people across the country – not just wealthy Republicans –...
  • White House Chief of Staff Misleads Nation About Fast and Furious "Facts"

    07/01/2012 1:10:41 PM PDT · by Kaslin · 19 replies
    Townhall.com ^ | July 1. 2012 | Katie Pavlich
    On CNN's State of the Union this morning, White House Chief of Staff Jack Lew was asked why President Obama asserted executive privilege for Attorney General Eric Holder over Fast and Furious documents when he railed against the use of executive privilege in 2007. Remember, President Obama campaigned on his administration being the "most transparent administration in history." White House Chief Of Staff Jacob Lew: “Candy, let’s go back to the facts. The facts are that this was a bad plan, this Fast and Furious. It’s something that started in the Bush Administration and the Attorney General did not know...
  • CNN Asks Obama Chief of Staff 'You're an Observant Jew,' So No Qualms the President's Violated

    02/13/2012 9:28:48 AM PST · by Nachum · 24 replies
    NewsBusters ^ | 2/13/12 | Tim Graham
    On CNN's Sunday show State of the Union, anchor Candy Crowley again brought tough questions to a Democrat about President Obama's plan to impose on a burden on Catholic-affiliated schools, hospitals, and charities to subsidize contraception, sterilization, and abortifacients. New chief of staff Jacob Lew was asked if as an observant Jew, "was there anything about this that made you think twice when it first went out?" Lew athletically dodged that question. Crowley also asied if he could say "with a straight face that the insurance company's going to pick up the cost of this"? Lew dodged that as well.
  • Wall Street's Washington Infiltration Continues with New Chief of Staff Jacob Lew

    01/11/2012 6:28:22 PM PST · by Razzz42 · 3 replies · 2+ views
    moneymorning.com ^ | January 11, 2012 | By Kerri Shanno
    U.S. President Barack Obama is keeping a trend alive with new White House Chief of Staff Jacob Lew. You see, Lew has something in common with his predecessors: He spent years raking in millions on Wall Street. Like William M. Daley, who on Monday resigned from his post as chief of staff, and Rahm Emanuel, who vacated the position in 2009 to successfully run for mayor of Chicago, Lew has strong ties to the financial sector. Until 2009 he was the chief operating officer of Citigroup Alternative Investments, which made money betting against the housing market with controversial credit default...
  • Obama's New Chief Of Staff Made Some Amazing Hedge Fund Investments At Citi

    01/10/2012 9:59:23 PM PST · by blam · 8 replies · 1+ views
    TBI ^ | 1-10-2012 | Lisa Du
    Obama's New Chief Of Staff Made Some Amazing Hedge Fund Investments At Citi Lisa Du Jan. 10, 2012, 3:50 PM Ever since it was announced that Jack Lew, current head of the Office of Management and Budget, would be President Barack Obama's new Chief of Staff to replace the departing William Daley, the media sphere has been abuzz with Lew's stellar political resume—having worked for several Congressmen and under both Bill and Hillary Clinton—and the fact that he is described as a "mild-mannered and steady technocrat," enjoying bi-partisan support. But the incoming chief has another facet to his work history—he's...
  • Marine Commits Suicide Following Hazing

    08/23/2011 5:05:54 PM PDT · by nickcarraway · 267 replies
    NBC Bay Area ^ | Tuesday, Aug 23, 2011 | Scott McGrew
    Santa Clara native was apparently prone to sleeping on guard duty; fellow Marines took to disciplining him.U.S. Marine Corps Lance Corporal Harry Lew took his own life in his foxhole in Afghanistan after he was kicked and punched by fellow Marines, military officials tell NBC Bay Area news. An investigation into the 21-year-old's April death says Lew "leaned over his M249 squad automatic weapon as it pointed to the sky, placed the muzzle in his mouth and pulled the trigger." Lew wrote on his arm: "may hate me now, but in the long run this was the right choice I'm...
  • Mr. Obama avoids meeting his economic team so far in 2011

    06/30/2011 2:12:59 PM PDT · by FreedomFighter1013 · 23 replies
    citizen5408.com ^ | June 30, 2011 | Greg C.
    A review of Mr. Obama's calendar as posted on the White House Website, shows that the president failed to hold even one meeting with his highly touted Economic policy adviser, Gene Sperling, appointed earlier this year. During the same period from January through June, the Vice President, Joe Biden, conducted 6 meetings with Mr. Sperling on March 29 and 30, on April 15, 24 and 28 and on May 4th. more here
  • New Issa report goes after Obama administration’s energy agenda

    05/24/2011 2:44:28 PM PDT · by Kaslin · 6 replies
    Daily Caller ^ | May 24, 2011 | Amanda Carey
    Rep. Darrell Issa of California, chairman of the House Oversight Committee, has found another target in the Obama administration’s policy agenda: energy. Late Monday, Issa released a scathing report accusing the White House of being complicit in driving up oil prices to push a move to alternative energy sources. Among other things, the report — “Rising Energy Costs: An Intentional Result of Government Action” — accused the administration of restricting access to domestic energy sources, hindering “fracking” technology and hampering the economic recovery by proposing new taxes on the energy industry.The report also says the Environmental Protection Agency (EPA) coordinated...
  • Landrieu to block OMB nominee unless oil drilling ban lifted

    09/23/2010 2:14:21 PM PDT · by jazusamo · 25 replies
    The Hill ^ | September 23, 2010 | Ben Geman
    Sen. Mary Landrieu (D-La.) is vowing to block a Senate vote to confirm President Obama’s choice to head the White House Office of Management and Budget unless a temporary ban on offshore oil-and-gas drilling is removed. Her pledge to hold up the nomination of Jack Lew represents a dramatic political escalation of Landrieu’s fight against the federal moratorium on deepwater drilling and the slowdown in permits for shallow water projects. RELATED ARTICLES Budget nominee Lew easily clears Senate panel “Due to the Administration’s unwillingness to reverse or modify its policies that have halted all deepwater and nearly all shallow-water...
  • Liberals air doubts over OMB pick (Jacob “Jack” Lew supports cuts to Social Security and Medicare?)

    07/24/2010 9:00:28 PM PDT · by Libloather · 3 replies
    The Hill ^ | 7/23/10 | Alexander Bolton
    Liberals air doubts over OMB pickBy Alexander Bolton - 07/23/10 06:00 AM ET Liberal Democrats are skeptical about President Obama’s decision to appoint a senior official from the Clinton administration to lead the Office of Management and Budget (OMB). They suspect Jacob “Jack” Lew may share an affection for market-driven reforms they say were too popular among Clinton’s staff and that he would support cuts to Social Security and Medicare. “I’m concerned he doesn’t have an affinity for some of the entitlement programs that we think are critical,” said Rep. Raúl Grijalva (D-Ariz.), co-chairman of the Congressional Progressive Caucus. Grijalva...
  • Obama's OMB Pick Lew Headed Citi Unit That Shorted Housing

    07/16/2010 8:26:20 AM PDT · by Libloather · 2 replies · 2+ views
    The Atlantic ^ | 7/15/10
    Obama's OMB Pick Lew Headed Citi Unit That Shorted HousingJul 15 2010, 3:40 PM ET Imagine if President Obama's new OMB head had worked at one of the biggest Wall Street bailout recipients and headed a group that profited by shorting the housing market. That would be a public relations nightmare, but it also appears to be the reality the administration faces with the Jacob Lew nomination. His Citigroup unit had a big investment in the hedge fund run by John Paulson, also at the center of the SEC's Goldman Sachs lawsuit. The hedge fund made billions of dollars by...
  • Obama to nominate State Department official Lew as budget director

    07/13/2010 9:27:14 AM PDT · by Nachum · 2 replies
    washington examinser ^ | 7/13/10 | ap
    WASHINGTON — President Barack Obama will nominate Deputy Secretary of State Jacob Lew to serve as director of the Office of Management and Budget, a Cabinet-level post that plays a crucial role in shaping how the administration spends the public's money. In a statement, Obama said Lew will be "an extraordinary asset to this administration's efforts to cut down the deficit and put our nation back on a fiscally responsible path."