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(CNN)   Those people who said that if we voted for Romney, the heir of a family of tax weasels would get a Cabinet post on a silver platter and an industry lobbyist would run the FCC? They were right about that   (thelead.blogs.cnn.com) divider line 45
    More: Obvious, Tommy Vietor, Penny Pritzker, Kevin Madden, Jake Tapper, Commerce Secretary, bundlers, the Leaders, Vice President Joe Biden  
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2943 clicks; posted to Politics » on 03 May 2013 at 10:36 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-03 09:51:07 AM
The heir of a family of tax weasels. Not the tax weasel herself.

The FCC is pretty much always headed by telecommunications lobbyists and telecommunications execs. Obama is merely continuing to appoint people that fit his moderate pro-corporate agenda.

Unfortunately lobbyists probably know more about the current state of the communications industry than most, as the majority of them write the actual laws. That doesn't mean I like this appointment.
 
2013-05-03 09:56:32 AM

bdub77: The heir of a family of tax weasels. Not the tax weasel herself.


Well, bless your heart.
 
2013-05-03 10:24:58 AM
i1202.photobucket.com

"I don't take a dime of their money, and when I am President, they [lobbyists] won't find a job in my White House."
 
2013-05-03 10:39:25 AM
Obama is too cozy with business, so vote Republican.
 
2013-05-03 10:41:24 AM
Yes I do recall people saying that horribly contrived awkward phrase.  We were really concerned about the FCC back then.  It's the primary reason I voted for Obama!
 
2013-05-03 10:45:46 AM

Nabb1: bdub77: The heir of a family of tax weasels. Not the tax weasel herself.

Well, bless your heart.


George Bush's grandfather profited off of Hitler's war machine, therefore George Bush is a war criminal...wait...bad example.
 
2013-05-03 10:47:15 AM

Wendy's Chili: Obama is too cozy with business, so vote Republican.


This would be funnier if it weren't literally part of how the GOP advertises itself.

"Obama's financial reform is ineffective and he's cozy with Wall Street! Vote us into power so we can deregulate Wall Street and give them piles of money."

The fact that there must be idiots this works on blows my mind. Mostly "Libertarians" who think any and all government intervention is necessarily putting corrupt cash in corrupt pockets, I imagine.
 
2013-05-03 10:49:13 AM
From her Wiki:


Pritzker is a member of the President's Council on Jobs and Competitiveness. She also served on the President's Economic Recovery Advisory Board.

She was national co-chair of Obama for America 2012 and was the national finance chair of President Obama's presidential campaign in 2008.A campaign under her direction reached out to small donors. On November 20, 2008,CNN reported that Pritzker was Barak Obama's top choice for Commerce Secretary, quoting multiple sources    However, it was later reported that Pritzker took herself out of the running. According to the Chicago Tribune, she withdrew her name from consideration "due to obligations to her family, for whom she was still overseeing billions in assets, and the financial crisis, which was putting some of those assets at risk."


Also, her resume:

1987 - founded Classic Residence by Hyatt, now called1991 - created Pritzker Realty Group1991 - chairman of Superior Bank, until 1994.1998 - co-founded with CEO Martin Nesbitt.2005 - became Chairman of the Board, TransUnion, LLC. She served as chairman until 2012.2010 - co-founded Artemis Real Estate Partners, a real estate investment management company, with CEO Deborah Harmon2012 - founded PSP Capital Partners

Maybe she knows some stuff about Commerce.
 
2013-05-03 10:54:37 AM

BlastYoBoots: Wendy's Chili: Obama is too cozy with business, so vote Republican.

This would be funnier if it weren't literally part of how the GOP advertises itself.

"Obama's financial reform is ineffective and he's cozy with Wall Street! Vote us into power so we can deregulate Wall Street and give them piles of money."

The fact that there must be idiots this works on blows my mind. Mostly "Libertarians" who think any and all government intervention is necessarily putting corrupt cash in corrupt pockets, I imagine.


Far and away the most satisfying aspect of Obama's 2012 re-election is knowing Republicans sincerely thought Romney's victory was pre-ordained.
 
2013-05-03 10:57:48 AM

BlastYoBoots: Wendy's Chili: Obama is too cozy with business, so vote Republican.

This would be funnier if it weren't literally part of how the GOP advertises itself.

"Obama's financial reform is ineffective and he's cozy with Wall Street! Vote us into power so we can deregulate Wall Street and give them piles of money."

The fact that there must be idiots this works on blows my mind. Mostly "Libertarians" who think any and all government intervention is necessarily putting corrupt cash in corrupt pockets, I imagine.


It isn't a vote for me strategy, it is a do not vote for him strategy.  If you can disaffect the core base by making them disillusioned that their pet policy is not being treated correctly by their team, you lose them votes.
 
2013-05-03 10:59:40 AM
He should appoint horse show organizers to head up federal departments
 
2013-05-03 11:00:31 AM

Wendy's Chili: Obama is too cozy with business, so vote Republican.


it fits with the right's description of him:

• socialist/communist/tool of wall st.
• atheist/muslim/radical black christian
• silver-tongued hypnotist/bumbling teleprompter addict
• evil illuminatus puppetmaster/empty suit
• ineffectual wimp/forcer of things down throats

when really it's all code for BLACK DEMOCRAT
 
2013-05-03 11:01:52 AM

James!: From her Wiki:


Pritzker is a member of the President's Council on Jobs and Competitiveness. She also served on the President's Economic Recovery Advisory Board.

She was national co-chair of Obama for America 2012 and was the national finance chair of President Obama's presidential campaign in 2008.A campaign under her direction reached out to small donors. On November 20, 2008,CNN reported that Pritzker was Barak Obama's top choice for Commerce Secretary, quoting multiple sources    However, it was later reported that Pritzker took herself out of the running. According to the Chicago Tribune, she withdrew her name from consideration "due to obligations to her family, for whom she was still overseeing billions in assets, and the financial crisis, which was putting some of those assets at risk."

Also, her resume:

1987 - founded Classic Residence by Hyatt, now called1991 - created Pritzker Realty Group1991 - chairman of Superior Bank, until 1994.1998 - co-founded with CEO Martin Nesbitt.2005 - became Chairman of the Board, TransUnion, LLC. She served as chairman until 2012.2010 - co-founded Artemis Real Estate Partners, a real estate investment management company, with CEO Deborah Harmon2012 - founded PSP Capital Partners

Maybe she knows some stuff about Commerce.


Maybe.  And maybe it was because she is credited with raising $750 for Obama in 2008 and remained one of his top bundlers in 2012.   Andrew Jackson would be proud!
 
2013-05-03 11:03:41 AM

FlashHarry: Wendy's Chili: Obama is too cozy with business, so vote Republican.

it fits with the right's description of him:

• socialist/communist/tool of wall st.
• atheist/muslim/radical black christian
• silver-tongued hypnotist/bumbling teleprompter addict
• evil illuminatus puppetmaster/empty suit
• ineffectual wimp/forcer of things down throats

when really it's all code for BLACK DEMOCRAT



Yep, the man is simultaneously as strong-armed and thuggish as Hitler and as weak-willed and cowardly as Chamberlain.

/my first godwin in years...I think
 
2013-05-03 11:04:54 AM

Karma Chameleon: Yep, the man is simultaneously as strong-armed and thuggish as Hitler and as weak-willed and cowardly as Chamberlain.

/my first godwin in years...I think


he appeased himself!
 
2013-05-03 11:05:22 AM

BravadoGT: James!: From her Wiki:


Pritzker is a member of the President's Council on Jobs and Competitiveness. She also served on the President's Economic Recovery Advisory Board.

She was national co-chair of Obama for America 2012 and was the national finance chair of President Obama's presidential campaign in 2008.A campaign under her direction reached out to small donors. On November 20, 2008,CNN reported that Pritzker was Barak Obama's top choice for Commerce Secretary, quoting multiple sources    However, it was later reported that Pritzker took herself out of the running. According to the Chicago Tribune, she withdrew her name from consideration "due to obligations to her family, for whom she was still overseeing billions in assets, and the financial crisis, which was putting some of those assets at risk."

Also, her resume:

1987 - founded Classic Residence by Hyatt, now called1991 - created Pritzker Realty Group1991 - chairman of Superior Bank, until 1994.1998 - co-founded with CEO Martin Nesbitt.2005 - became Chairman of the Board, TransUnion, LLC. She served as chairman until 2012.2010 - co-founded Artemis Real Estate Partners, a real estate investment management company, with CEO Deborah Harmon2012 - founded PSP Capital Partners

Maybe she knows some stuff about Commerce.

Maybe.  And maybe it was because she is credited with raising $750 for Obama in 2008 and remained one of his top bundlers in 2012.   Andrew Jackson would be proud!


So, basically she's a business woman who Obama trusts with his own money, but because she raised money for him she should be disqualified?
 
2013-05-03 11:10:04 AM

James!: So, basically she's a business woman who Obama trusts with his own money, but because she raised money for him she should be disqualified?


This is a lot of butthurt.

Call me when Obama invades Syria and all the troops stay in Hyatts built with construction contracts obtained by Artemis and funded by Superior Bank.
 
2013-05-03 11:10:22 AM

James!: because she raised money for him she should be disqualified?


By the president's own stated standards, she clearly should.
 
2013-05-03 11:10:58 AM

James!: BravadoGT: James!: From her Wiki:


Pritzker is a member of the President's Council on Jobs and Competitiveness. She also served on the President's Economic Recovery Advisory Board.

She was national co-chair of Obama for America 2012 and was the national finance chair of President Obama's presidential campaign in 2008.A campaign under her direction reached out to small donors. On November 20, 2008,CNN reported that Pritzker was Barak Obama's top choice for Commerce Secretary, quoting multiple sources    However, it was later reported that Pritzker took herself out of the running. According to the Chicago Tribune, she withdrew her name from consideration "due to obligations to her family, for whom she was still overseeing billions in assets, and the financial crisis, which was putting some of those assets at risk."

Also, her resume:

1987 - founded Classic Residence by Hyatt, now called1991 - created Pritzker Realty Group1991 - chairman of Superior Bank, until 1994.1998 - co-founded with CEO Martin Nesbitt.2005 - became Chairman of the Board, TransUnion, LLC. She served as chairman until 2012.2010 - co-founded Artemis Real Estate Partners, a real estate investment management company, with CEO Deborah Harmon2012 - founded PSP Capital Partners

Maybe she knows some stuff about Commerce.

Maybe.  And maybe it was because she is credited with raising $750 for Obama in 2008 and remained one of his top bundlers in 2012.   Andrew Jackson would be proud!

So, basically she's a business woman who Obama trusts with his own money, but because she raised money for him she should be disqualified?


You could make that same argument for just about any past president's appointments where a close friend was rewarded for helping a campaign with a high-level position.  The point is--Obama declared over and over that he was going to change "Washington Insider" politics and stop using the government as a spoils system for friends and insiders.   So where's the outrage?  Or doesn't it matter when it's "your guy?"
 
2013-05-03 11:14:12 AM

BravadoGT: Or doesn't it matter when it's "your guy?"


Does this even have to be asked?
 
2013-05-03 11:14:34 AM
Wow.  I'm shocked that after soliciting hundreds of millions of dollars in political donations from wealthy people for his campaign, Obama is now doing things that benefit those wealthy people, and rewarding the people responsible for gathering all that campaign cash.

Our political system isn't even subtle about how absurdely corrupt it has become.  The simple fact that presidential campaigns now raise amounts reaching a BILLION dollars demonstrates how out of control it has gotten.

So here's an idea: how about everyone - republicans,democrats, independents, etc. alike - agree on common ground here, and put real, unrelenting pressure on elected officials to make meaningful attempts at reform?
 
2013-05-03 11:15:52 AM
I guess you could be upset about this, but she seems qualified.  If she was a trust fund kid who'd never held a real job I'd be upset, but she's founded businesses and been responsible for billions in assets. I really can't work up a lather on this.
 
2013-05-03 11:16:02 AM
Maybe she will be able to turn the U.S. into a tax haven, and all of that sweet overseas loot will come rushing in.
 
2013-05-03 11:17:43 AM
Those people who said that if we voted for Romney, the heir of a family of tax weasels would get a Cabinet post

No one said that. Not even the voices in your head, subby.
 
2013-05-03 11:23:27 AM
It sounds like a maternity ward with all the Republicans crying in here.
 
2013-05-03 11:27:43 AM
The answer to this is clearly more money in the election process.
 
2013-05-03 11:27:59 AM

Chummer45: Wow.  I'm shocked that after soliciting hundreds of millions of dollars in political donations from wealthy people for his campaign, Obama is now doing things that benefit those wealthy people, and rewarding the people responsible for gathering all that campaign cash.

Our political system isn't even subtle about how absurdely corrupt it has become.  The simple fact that presidential campaigns now raise amounts reaching a BILLION dollars demonstrates how out of control it has gotten.

So here's an idea: how about everyone - republicans,democrats, independents, etc. alike - agree on common ground here, and put real, unrelenting pressure on elected officials to make meaningful attempts at reform?


You sounds like the liberal class warrior my conservative coworkers call me.

Which, coincidentally, is why we cannot all agree on that.
 
2013-05-03 11:33:39 AM

TrollingForColumbine: He should appoint horse show organizers to head up federal departments


Nah.  Just FEMA.  FEMA doesn't do anything important, right?
 
2013-05-03 11:48:19 AM
I am not a fan of everything Obama does, but Mitt's policies scared the hell out of me. Blame Obama all you want conservatives, but it was your fault for running an unelectable candidate.
 
2013-05-03 11:59:18 AM

Gulper Eel: James!: because she raised money for him she should be disqualified?

By the president's own stated standards, she clearly should.


Wait, was Pritzker a lobbyist?
 
2013-05-03 12:10:04 PM

James!: chairman of Superior Bank


How'd that work out for her?
 
2013-05-03 12:16:41 PM

Stoj: James!: chairman of Superior Bank

How'd that work out for her?


Looks like it worked pretty poorly 7 years after she stopped being chairman.
 
2013-05-03 12:24:55 PM

James!: Stoj: James!: chairman of Superior Bank

How'd that work out for her?

Looks like it worked pretty poorly 7 years after she stopped being chairman.


That's what you took away from the NYT article. OK.

Earlier in her career, Ms. Pritzker was involved in running and overseeing Superior Bank, in a Chicago suburb, which focused on bundling subprime mortgages into securities, the practice that later helped set off the current financial crisis. The institution collapsed in 2001.

In 1988, the Pritzker family and another wealthy investor took over a failing savings and loan and turned it into Superior Bank. Ms. Pritzker was its chairwoman from 1991 to 1994, after which she sat on the board of the bank's holding company.

In 1993, the bank began a strategy of concentrating on packaging subprime mortgages into securities. At first, the bank flourished. But regulators later discovered accounting irregularities that overstated the value of its assets. The bank was forced to write down huge losses, leaving it without adequate capital in the spring of 2001.

In May 2001, Ms. Pritzker wrote a letter to bank employees assuring them that her family would put more cash in to save the bank, and declaring that "our commitment to subprime lending has never been stronger." But the Pritzker family did not carry out the plan, and the bank was shut down in July 2001.


Or the other article:

"The [sub-prime] financial engineering that created the Wall Street meltdown was developed by the Pritzkers and Ernst and Young, working with Merrill Lynch to sell bonds securitized by sub-prime mortgages," Timothy J. Anderson, a whistleblower on financial and bank fraud, told me in an interview.

"The sub-prime mortgages," Anderson said, "were provided to Merrill Lynch, by a nation-wide Pritzker origination system, using Superior as the cash cow, with many millions in FDIC insured deposits. Superior's owners were to sub-prime lending, what Michael Milken was to junk bonds."

In other words, if you traced today's sub-prime crisis back to its origins, you would come upon the role of the Pritzkers and Superior Bank of Chicago.


But ok.
 
2013-05-03 12:34:59 PM

Stoj: James!: Stoj: James!: chairman of Superior Bank

How'd that work out for her?

Looks like it worked pretty poorly 7 years after she stopped being chairman.

That's what you took away from the NYT article. OK.

Earlier in her career, Ms. Pritzker was involved in running and overseeing Superior Bank, in a Chicago suburb, which focused on bundling subprime mortgages into securities, the practice that later helped set off the current financial crisis. The institution collapsed in 2001.

In 1988, the Pritzker family and another wealthy investor took over a failing savings and loan and turned it into Superior Bank. Ms. Pritzker was its chairwoman from 1991 to 1994, after which she sat on the board of the bank's holding company.

In 1993, the bank began a strategy of concentrating on packaging subprime mortgages into securities. At first, the bank flourished. But regulators later discovered accounting irregularities that overstated the value of its assets. The bank was forced to write down huge losses, leaving it without adequate capital in the spring of 2001.

In May 2001, Ms. Pritzker wrote a letter to bank employees assuring them that her family would put more cash in to save the bank, and declaring that "our commitment to subprime lending has never been stronger." But the Pritzker family did not carry out the plan, and the bank was shut down in July 2001.

Or the other article:

"The [sub-prime] financial engineering that created the Wall Street meltdown was developed by the Pritzkers and Ernst and Young, working with Merrill Lynch to sell bonds securitized by sub-prime mortgages," Timothy J. Anderson, a whistleblower on financial and bank fraud, told me in an interview.

"The sub-prime mortgages," Anderson said, "were provided to Merrill Lynch, by a nation-wide Pritzker origination system, using Superior as the cash cow, with many millions in FDIC insured deposits. Superior's owners were to sub-prime lending, what Michael Milken was to junk bonds."

In other words, i ...


Yeah, the other article was so biased It nearly tipped my computer over.
 
2013-05-03 12:39:30 PM

James!: Stoj: James!: Stoj: James!: chairman of Superior Bank

How'd that work out for her?

Looks like it worked pretty poorly 7 years after she stopped being chairman.

That's what you took away from the NYT article. OK.

Earlier in her career, Ms. Pritzker was involved in running and overseeing Superior Bank, in a Chicago suburb, which focused on bundling subprime mortgages into securities, the practice that later helped set off the current financial crisis. The institution collapsed in 2001.

In 1988, the Pritzker family and another wealthy investor took over a failing savings and loan and turned it into Superior Bank. Ms. Pritzker was its chairwoman from 1991 to 1994, after which she sat on the board of the bank's holding company.

In 1993, the bank began a strategy of concentrating on packaging subprime mortgages into securities. At first, the bank flourished. But regulators later discovered accounting irregularities that overstated the value of its assets. The bank was forced to write down huge losses, leaving it without adequate capital in the spring of 2001.

In May 2001, Ms. Pritzker wrote a letter to bank employees assuring them that her family would put more cash in to save the bank, and declaring that "our commitment to subprime lending has never been stronger." But the Pritzker family did not carry out the plan, and the bank was shut down in July 2001.

Or the other article:

"The [sub-prime] financial engineering that created the Wall Street meltdown was developed by the Pritzkers and Ernst and Young, working with Merrill Lynch to sell bonds securitized by sub-prime mortgages," Timothy J. Anderson, a whistleblower on financial and bank fraud, told me in an interview.

"The sub-prime mortgages," Anderson said, "were provided to Merrill Lynch, by a nation-wide Pritzker origination system, using Superior as the cash cow, with many millions in FDIC insured deposits. Superior's owners were to sub-prime lending, what Michael Milken was to junk bonds."

In other words, i ...

Yeah, the other article was so biased It nearly tipped my computer over.


It certainly was.

It was originally linked via huffpo I think.

I have a chip on my shoulder here, as I'm kinda tired of seeing the extremely wealthy be granted more power & rewards. I should probably move away from Chicago, IL, USA.
 
2013-05-03 01:00:37 PM

Stoj: It certainly was.

It was originally linked via huffpo I think.

I have a chip on my shoulder here, as I'm kinda tired of seeing the extremely wealthy be granted more power & rewards. I should probably move away from Chicago, IL, USA.


I think you'll have to move away from the planet earth for that.
 
2013-05-03 01:12:32 PM

jst3p: I am not a fan of everything Obama does, but Mitt's policies scared the hell out of me. Blame Obama all you want conservatives, but it was your fault for running an unelectable candidate.


He may of been unelectable, but he sure was the GOP incarnate: self aggrandizing, pompous, tone deaf and smug. I don't think anyone could represent the party better.
 
2013-05-03 01:17:13 PM
What do you expect?  This is what happens when your political spectrum consists of a right wing party...  and an ever righter wing party.
 
2013-05-03 01:30:19 PM

Gulper Eel: James!: because she raised money for him she should be disqualified?

By the president's own stated standards, she clearly should.


She worked as a lobbyist within the last two years? Do you have a cite for that? The article does not seem to mention it.

Or are you referring to something else?
 
2013-05-03 02:16:14 PM

lockers: jst3p: I am not a fan of everything Obama does, but Mitt's policies scared the hell out of me. Blame Obama all you want conservatives, but it was your fault for running an unelectable candidate.

He may of been unelectable, but he sure was the GOP incarnate: self aggrandizing, pompous, tone deaf and smug. I don't think anyone could represent the party better.


My problem isn't how bad Romney was, but that even in a position where I think most rational people believed he was unelectable, we still have 40% of the population who preferred him (I don't count kids, and people who don't vote took their own voice away so fark them), and likely only think Obama won because of HIS class warfare (a 3% marginal tax hike), his handouts to the poor (actually wanting to try something different with our failing health insurance system), and his skin color (blacks are underrepresented relative to whites in offices as it is, so no he almost certainly did not win because of his blackness).

So a candidate as poor as Romney is someone half the country likes.  Even if the Republicans lose major ground in 2014 their takeaway still won't be to avoid the Romneys of the world, but rather to move a few steps away from the conservative social issues and likely double down on their fiscal policies - policies that whether I want it to be reality or not, a very substantial portion of the country LOVES.

Yes, I said loves.  They freaking love that shiat.  They eat it up.  We have a party with some middle of the ground economic policies that will still result in the wealth collecting at the top.  The other is trying to dramatically increase the flow while decreasing standard of living for the poor (increasing standards of living over the past decades thanks to technology being the ONLY thing keeping things going while all the wealth is taken from the poor and they live more and more in debt).

If a Romney clone with a little friendlier face, no smug factor, and less baggage runs in 2016, I wouldn't be surprised to see him win. I mean really all the guy had to do was talk a better a game.  Not to mention, aren't many of the changes various governors made to their voting rules going to be in place by then, having only been postponed by courts as unfair due to the closeness to an election, as opposed to unfair and discriminatory on their face?
 
2013-05-03 02:53:00 PM

bdub77: Obama is merely continuing to appoint people that fit his moderate pro-corporate agenda.


The best socialists in history havent torn down industries, but put their control in the hands of the people who run the government.  The progressives of the 1930's did the same thing.  This is a progressive agenda and Obama is not a republican.
 
2013-05-03 02:56:38 PM

o5iiawah: bdub77: Obama is merely continuing to appoint people that fit his moderate pro-corporate agenda.

The best socialists in history havent torn down industries, but put their control in the hands of the people who run the government.  The progressives of the 1930's did the same thing.  This is a progressive agenda and Obama is not a republican.


What on earth are you talking about?
 
2013-05-03 03:25:05 PM

bdub77: The heir of a family of tax weasels. Not the tax weasel herself.

The FCC is pretty much always headed by telecommunications lobbyists and telecommunications execs. Obama is merely continuing to appoint people that fit his moderate pro-corporate agenda.

Unfortunately lobbyists probably know more about the current state of the communications industry than most, as the majority of them write the actual laws. That doesn't mean I like this appointment.


Wow nice apologist bullshiat right there. Obama is merely continuing doing the opposite of right, but since that's how it always is it's no big deal. Lobbyists know more than most? I know more than any lobbyist and your retarded ass even knows more than any lobbyist. The mere fact that you even think these thoughts almost makes me believe in zombie Jesus because it is a farking miracle anyone that knows how type on a computer can even think such falsities.

Or you are a paid shill.

Either way you are a piece of shiat.
 
2013-05-03 04:54:50 PM

lockers: he sure was the GOP incarnate: self aggrandizing, pompous, tone deaf and smug.


...whereas the Democrats have their priorities in correct order instead of ass backwards: smug, tone-deaf, pompous and self-aggrandizing. Of course, rethuglikkkans can't see the nuance here.
 
2013-05-04 04:32:45 PM

Halli: o5iiawah: bdub77: Obama is merely continuing to appoint people that fit his moderate pro-corporate agenda.

The best socialists in history havent torn down industries, but put their control in the hands of the people who run the government.  The progressives of the 1930's did the same thing.  This is a progressive agenda and Obama is not a republican.

What on earth are you talking about?


No, he's right. Obama isn't a Republican, because he believes that when businesses do the economic buttfarking, they should wear a condom.
 
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