Posted on 08/18/2009 4:04:25 PM PDT by taildragger
Edited on 08/18/2009 4:25:51 PM PDT by Admin Moderator. [history]
The allegations in this Bloomberg story --if true-- pose a huge problem for a senior advisor to the president, David Axelrod. This is the heart of the problem:
Axelrod was president and sole shareholder of AKPD from 1985 until he sold his interest after Obamas victory, government records show. The firm owes Axelrod $2 million, which its due to pay in installments beginning Dec. 31. Axelrods son, Michael, still works there. He didnt return a phone call. The firms Web site continues to feature David Axelrods work on the Obama campaign. (Emphasis added.)
The problem is that Axelrod's former firm is currently receiving huge fees "from Healthy Economy Now, a coalition that includes the Washington-based Pharmaceutical Research & Manufacturers of America, known as PhRMA," as well as AARP, the SEIU and other big players in the health care debate.
If Axelrod has been negotiating any part of any deal involving any of these players which are funneling money to the firm that owes him money, or if he is advising the president on the deals with any of these groups, that's a conflict of interest. Laundering the money through a "coalition" doesn't remove the conflict much less the appearance of impropriety. The coalition is in effect partially funding David Axelrod's severance package though its members might have done so unknowingly. These forthcoming payments to Axelrod are much more significant than the sort of "retained ties" that Democrats blasted Dick Cheney for vis-a-vis Halliburton even though there was no high level negotiations between the vice president and his former company.
David Axelrod has some tough questions to answer, and according to Politico's Mike Allen, Politico's Ken Vogel will be publishing more on matters Axelrodian tomorrow. (Thetranscript of my interview with Allen will be posted here later tonight.) Vogel's story on Axelrod's son from a few days back casts doubt on the Bloomberg story's accuracy as Bloomberg has Axelrod's son still at Axelrod's old firm, but Vogel has him at The Huffington Post.
If it was Karl Rove in a similar set of circumstances, the blogs and some in MSM would already be demanding a special prosecutor. There are lots of questions for Mr. Axelrod, the first one being whether the Bloomberg story is accurate. if the answer is "yes," the second will be: "Have you lawyered up?"
Out of hand will be when they pass this with 51 votes with it hidden within a bill......
-PJ
Thx for the ping, very interesting indeed.
“These people are out of hand.”
Completely! There are absolutely no checks and balances in this country anymore. The marxists run the entire government and the media!
That is why people are so mad at these townhall events. The American people know what is going on and they are getting tired of it all!
ABUSE OF POWER!
CULTURE OF CORRUPTION!
Have ACORN and SEIU officially investigated and we will unvariably find that Axelrod, among many to include Barry, would be found to be not only corrupted but having a severe case of conflict of interest(s).
ping, bttt
I hope Beck has protection.
A hit on him by some SEIU caporegime types is not beyond possibility.
They’re still looking for Jimmy Hoffa.
bfl
How long til this disappears?
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Hope we all get screen shots...get out the scrub brushes, there’s a lot of cleaning to do...
And in the words of Dezi Arnez, “Axie, you’ve got some ‘splainin’ to do!”
If by some miracle this story does break out in the State Run Media, Obama will just throw Axelrod under the bus.
Obama: “That’s not the David Axelrod I knew”.
I hope I’m wrong about this and this story gains some traction.
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A fistful of dollars...they’re as corrupt as the day is long.
No matter how much noise Hewitt makes, the Obama criminal enterprise is going to ignore him. The demcorat party is a criminal enterprise. They won.
Emanuel Was Director Of Freddie Mac During Scandal
President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by ABCNews.com.
According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.
Emanuel was not named in the SEC complaint but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) of having "failed in its duty to follow up on matters brought to its attention."
“Trivial Sour Grapes Muck Raking by those Bitter Gun Carrying Christians from the Rghtwing Hate Groups!” so saith THE ONE! /s/ Without Axelshaft, America wouldn’t be cursed by this Horrible America Hating Communist, OBOZO HUSSEIN!
That reminds me. Wonder how the case of Inspector General Gerald Walpin is going. Remember him? Fired for getting too close to the corrupt web involving Americorps. Then the Øbama goons used KGB-style tactics to justify the firing. Said he was confused and disoriented. Sickening.
I also wonder if the Axelrod healthcare "outreach" email lists came from this "Healthy Economy Now" outfit.
“forcing Obama to spend time and overhead addressing or dodging the question detracts him from his dangerous agenda.”
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Obama’s looking more like Nixon every day..
Obamas looking more like Nixon every day..
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Except for the obvious differences - bammy’s a socialist.
At this very moment it's on the top of the NYT best-seller list!
Let see if Glenn Runs with it wen he gets back or Drudge...
I’m sure Katie Couric will have this story in great detail tomorrow night on the CBS Evening News, right after Yassar Arafat and Golda Mier come back from the dead and announce their wedding plans. (sarc!)
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