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Madoff scandal leads to staff cuts in abortion industry
One News Now ^ | 1/17/2009 | Charlie Butts and Jody Brown

Posted on 01/17/2009 5:02:34 AM PST by markomalley

Because of a downturn in donations and losses related to the Bernard Madoff scandal, Planned Parenthood's national office has laid off about one-fifth of its staff.

According to the federally funded abortion provider, the layoff affected about 30 people. The cuts came following last month's closure of the Florida-based Picower Foundation, which shut down because its assets -- totaling nearly $1 billion -- were managed by Madoff but lost in his alleged Ponzi scheme. Picopower was a major contributor to Planned Parenthood.

While Jim Sedlak of STOPP International regrets anyone losing their job, he suggests the country is better off for what has happened to the largest abortion provider in the country.

"With the amount of money that [Planned Parenthood] takes in, and with the amount of profit that they make, they don't need the taxpayer funding that they are getting," says the pro-life leader.

Planned Parenthood Federation of America is a billion-dollar business, receiving millions in taxpayer dollars as a nonprofit organization that actually makes a large profit. The business reported profits of nearly $115 million last year.

Jim Sedlak suggests that the people approving those monies take that into account. "This ought to be the time when Congress cuts out all money to Planned Parenthood -- and all of the local governments and the state governments [should] do the same thing," he says.

The pro-life activist is convinced Americans do not want tax dollars spent for abortion. "[Planned Parenthood is] an organization that not only kills over a quarter of a million babies a year, but harms the body and the soul of teenagers through their atrocious sex-education programs," he points out.

Planned Parenthood was but one of the Florida entities that benefited from the Picopower Foundation. Others included the Palm Beach County School District, the South Florida Science Museum, and United Way.


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Extended News
KEYWORDS: abortion; fundingtheleft; layoffs; madoff; plannedparenthood; prolife
One piece of good news about this Madoff scandal...
1 posted on 01/17/2009 5:02:34 AM PST by markomalley
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To: wagglebee; Coleus; narses

pro-life ping for your lists


2 posted on 01/17/2009 5:03:00 AM PST by markomalley (Extra ecclesiam nulla salus)
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To: markomalley

No doubt they’ll be lining up for their share of TARP money as well.


3 posted on 01/17/2009 5:03:52 AM PST by mainepatsfan
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To: markomalley

These staff cuts are only temporary. They will be re-hired after the enactment of Barack Obama’s baby killer bailout.


4 posted on 01/17/2009 5:05:04 AM PST by reg45
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To: reg45
I'm afraid you're right. Anyone who expects or even hopes Congress will not make up this funding will be disappointed.
5 posted on 01/17/2009 5:08:26 AM PST by hinckley buzzard
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To: markomalley

Altogether now...hip hip hooray!


6 posted on 01/17/2009 5:08:30 AM PST by Zack Nguyen
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To: markomalley

No problem, the lib/dems will pass FOCA - thereby increasing federal funding for abortion. It’s your money....


7 posted on 01/17/2009 5:11:23 AM PST by anniegetyourgun
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To: anniegetyourgun

Is this officially on the legislative agenda? When are hearings or vote?


8 posted on 01/17/2009 6:27:27 AM PST by Comparative Advantage
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To: Comparative Advantage

While quite a few Dems would love to have FOCA passed, and Obama would doubtless sign it if presented, I seriously doubt he will waste any political capital on it. Admittedly I am projecting what I suspect Obama thinks, but his economic plan has to come first. Trying to pass FOCA would sow chaos in Congress. Conservatives would demand Republicans filibuster the bill forever. Any chance Obama had at establishing a working majority would be gone. Obama would be unable to do what he thinks he must do - pass an enormous stimulus package.


9 posted on 01/17/2009 7:53:19 AM PST by Zack Nguyen
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To: Zack Nguyen; Comparative Advantage
http://www.youtube.com/watch?v=pf0XIRZSTt8

B.O. promised FOCA Planned Parenthood.

10 posted on 01/17/2009 9:27:02 AM PST by anniegetyourgun
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To: markomalley

BTTT!


11 posted on 01/17/2009 10:07:35 AM PST by Salvation ( †With God all things are possible.†)
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To: markomalley
Planned Parenthood Makes Staff Cuts  

National Planned Parenthood Fires 20 Percent Of Staff After Madoff Scandal

Nat’l Planned Parenthood Abortion Biz Fires 20% Of Staff

12 posted on 01/17/2009 6:49:19 PM PST by Coleus (Merry Christmas & Happy New Year!)
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To: reg45
FOCA ain't gonna pass. Dems don't have enough votes, not even in their own party.
13 posted on 01/17/2009 6:51:32 PM PST by Extremely Extreme Extremist
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To: Comparative Advantage

Vote is January 21, I believe.


14 posted on 01/17/2009 6:51:52 PM PST by firebrand
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To: Extremely Extreme Extremist

Dems who voted against partial-birth abortion will have a tough time jusifying a yes vote on this, not to mention all the phonies who ran as “pro-life Democrats.”


15 posted on 01/17/2009 6:53:53 PM PST by firebrand
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