Swedish Meatballs
8 hours ago
McCain released his tax returns today. They include 2006 and 2007 and nothing previously. In addition, no returns or summaries are included for wife Cindy McCain, who heads a privately held beer distribution company.This is an issue because she's the one with all the dough in that family, although the McCain campaign today tried to deny Cindy's financial role in John's life (from the same MSNBC article linked above):
Note About Mrs. McCain's Financial Information:Now, that conflicts with the detailed Associated Press reported earlier this month:
Since the beginning of their marriage, Senator McCain and Mrs. McCain have always maintained separate finances. As required by federal law and Senate rules, Mrs. McCain has released significant and extensive financial information through Senate and Presidential disclosure forms. In the interest of protecting the privacy of her children, Mrs. McCain will not be releasing her personal tax returns.
Note About Hensley & Company:
In her role as Chairman of Hensley & Company, a privately-held business founded by her parents, Mrs. McCain's main areas of responsibility focus on strategic planning and corporate vision. Having served the greater Phoenix area since 1955, Hensley & Company is widely respected as an exemplary corporate citizen, and makes significant charitable contributions of its own.
The McCains' marriage has mixed business and politics from the beginning, according to an expansive review by The Associated Press of thousands of pages of campaign, personal finance, real estate and property records nationwide. The paperwork chronicles the McCains' ascent from Arizona newlyweds to political power couple on the national stage.Sounds like the AP reporter found documentation that the McCains actually haven't always maintained separate finances -- despite the campaign's claim to the contrary. Someone is lying.
As heiress to her father's stake in Hensley & Co. of Phoenix, Cindy McCain is an executive whose worth may exceed $100 million. Her beer earnings have afforded the GOP presidential nominee a wealthy lifestyle with a private jet and vacation homes at his disposal, and her connections helped him launch his political career -- even if the millions remain in her name alone. Yet the arm's-length distance between McCain and his wife's assets also has helped shield him from conflict-of-interest problems.
Nearly 30 years before John McCain became the Republican presidential nominee, he worked in public relations at his wife's family company.
Within a few years of marrying Cindy Hensley, the daughter of a multimillionaire Anheuser-Busch distributor, John McCain won his first election. He was new to Arizona politics and fundraising in the 1982 House race, and his campaign quickly fell into debt. Personal money -- tens of thousands of dollars in loans to his campaign from McCain bank accounts -- helped him survive.
Anheuser-Busch's political action committee was among McCain's earliest donors. Cindy McCain's father, James Hensley, and other Hensley & Co. executives gave so much the Federal Election Commission ordered McCain to give some of it back. McCain's campaign used Hensley office equipment such as computers and copiers, and Cindy McCain personally paid some of the campaign's bills.
The campaign gradually reimbursed Hensley for use of its equipment and Cindy McCain for her expenses. The loans -- described initially by John McCain as coming from him and his wife -- caught the eye of the FEC, which repeatedly questioned him about them; spouses are held to the same donation limits as everyone else.
McCain told the FEC the loaned money came from his share of joint accounts. At the time, McCain reported drawing a $25,067 salary and $25,000 bonus working for Hensley in public relations and receiving a Navy pension of $11,038 a year; his 1982 financial disclosure report showed bank interest but didn't say how much the bank accounts held.
McCain's campaign debt grew to about $177,000 by the end of 1982. His 1984 House campaign repaid just under half the loans. McCain forgave about $93,000 in loans, a sizable personal donation to his inaugural campaign.
It turns out McCabe was featured in an April 4th story in the Times which begins like this ...Josh's got more about why he thinks including McCabe was an ethical breach on ABC's part:
Ask whom she might vote for in the coming presidential primary election and Nash McCabe, 52, seems almost relieved to be able to unpack the dossier she has been collecting in her head.
It is not about whom she likes, but more a bill of particulars about why she cannot vote for Senator Barack Obama of Illinois.
"How can I vote for a president who won't wear a flag pin?" Mrs. McCabe, a recently unemployed clerk typist, said in a booth at the Valley Dairy luncheonette in this quiet, small city in western Pennsylvania.
Now, as JL noted in his email to TPM, I'm not sure precisely what's any less ethical about finding Nash at random to come on and slam Obama about whether he believes in the flag versus seeing her in the Times and saying, 'Wow, this woman clearly has it in for Obama. Wouldn't that make for great TV giving her a chance to crap on Obama's head in front of a nationwide audience?Besides giving the impression they planned to stack the debate, here's what else is wrong with what ABC did:
I think there's something wrong with it. And part of it is that you usually assume that these citizen questions come from people who are at least partly conflicted about their support if not undecided. But it does reinforce my sense that the disgraceful nature of the debate wasn't just something that came together wrong, some iffy ideas taken to far, but was basically engineered to be crap from the ground up.
"Moveon.org endorsed [Sen. Barack Obama] -- which is like a gusher of money that never seems to slow down," Clinton said to a meeting of donors. "We have been less successful in caucuses because it brings out the activist base of the Democratic Party. MoveOn didn't even want us to go into Afghanistan. I mean, that's what we're dealing with. And you know they turn out in great numbers. And they are very driven by their view of our positions, and It's primarily national security and foreign policy that drives them. I don't agree with them. They know I don't agree with them. So they flood into these caucuses and dominate them and really intimidate people who actually show up to support me."Oh, and guess what? Hillary lied. MoveOn's Executive Director Eli Pariser just gave the following statement to the Huffington Post:
"Senator Clinton has her facts wrong again. MoveOn never opposed the war in Afghanistan, and we set the record straight years ago when Karl Rove made the same claim.The larger irony is that Obama never did a lot of outreach to the Netroots. His outreach was actually the worst of any of the big campaigns (Edwards was the best, and Hillary's was still better than Obama's, which didn't really exist at all). Yet, somehow, the Netroots still ended up supporting Obama over Hillary, even though they didn't know his people, but they sure knew hers. Just food for thought.
Get ready for the Hillary donors to once again threaten to destroy our majority in the Congress, and help John McCain become president, if Hillary's divine right of kings isn't honored.Read More......
"You can't do a tougher question for Senator Clinton than 'six out of 10 Americans don't think you're honest.' "Oh please. How about any question that starts with the words "Monica Lewinksy."
So the most shocking part of the whole incident, he said, has been the appearance that "Hillary Clinton wants to ... throw in with the critique from the far right" in appearing to feed the image of an out-of-touch "San Francisco-style Democrat."And we all know what San Francisco is code for. Now let's examine what Hillary was after. From the NYT:
It suggests "that the Clintons are so committed to the political tactics that they'll do virtually anything to advance a step without regard for the long term implications," he said. "Most Democrats and most Republicans will not attack their opponent in such a way as to give massive fodder to the other side in the general election."
But "she's just writing the playbook for the Republicans in November..."
Some Clinton advisers also said that the focus on Mr. Obama’s “guns or religion” comment was a way to put him on the spot with so-called values voters...Value voters. That's PC media slang for the religious right. Here are a few examples of Hillary dropping the SF-bomb concerning the bitter thing:
"I am well aware that at a fundraiser in San Francisco, he said some things that many people in Pennsylvania and beyond Pennsylvania have found offensive.Then at the Compassion Forum (irony much?) on April 13, she did it again:
CAMPBELL BROWN: But, senator, you’ve been out there on the stump attacking him pretty aggressively over this. And his response has been, and he said it pretty bluntly tonight, shame on you. You know that he is a man of faith—this is what he's saying—and to suggest that he is demeaning religion is you playing politics.Again, why throw in San Francisco?
HRC: I do think it raises a lot of concerns and we've seen that exhibited in the last several days by people here in Pennsylvania, in Indiana where I was yesterday, and elsewhere, because it did seem so much in line with what often we are charged with. Someone goes to a closed door fund-raiser in San Francisco and makes comments that do seem elitist, out of touch and, frankly, patronizing.
MT Endorsement Watch: “Yellowstone County Commissioner Bill Kennedy says he is endorsing Hillary Rodham Clinton…[Kennedy said:] ‘In Montana, going to church or going hunting is part of our heritage, not something we ‘cling to’ out of bitterness or frustration…Sen. Obama showed a real disconnect with rural Montana. It might work to look down on us from San Francisco, but it won’t sell when he comes back to Montana.’”Really? From San Francisco? What is that supposed to mean? Oh, and before I have to deal with all the "Hillary is SUPER pro-gay" responses, yes she is. She's also super pro-black, pro-gun-control, and pro-NAFTA. But when it became expedient for her campaign to race-bait, embrace guns, and then claim she was always anti-NAFTA, Hillary flipped on a dime.
In a radio advertisement aimed at religious conservatives, the Clinton campaign is showcasing the President’s signature on a bill banning gay marriages in spite of earlier White House complaints that the issue amounted to ”gay baiting.”…Longtime Clinton friend David Mixner reminds us:
Mr. Clinton signed the law early on a Saturday morning, minimizing news coverage. He said he had long agreed with the principles in the bill but hoped it would not be used to justify discrimination against homosexuals…
In fact, after proclaiming to the community how painful it was for him to sign it, President Clinton’s reelection campaign had ads up in the South touting the legislation within two weeks!Let's also revisit my post of last June in which we learned that Bill Clinton was advising John Kerry to endorse the anti-gay Federal Marriage Amendment. What kind of advice do you think Bill is giving Hillary about how to reach "values voters" - well, we already know his advice, throw the gays under the bus - and do you really think she's not taking it?
[D]espite giving it her best shot in what might have been their final debate, interviews on Thursday with a cross-section of these superdelegates — members of Congress, elected officials and party leaders — showed that none had been persuaded much by her attacks on Mr. Obama’s strength as a potential Democratic nominee, his recent gaffes and his relationships with his former pastor and with a onetime member of the Weather Underground.Then read this, the paragraph that I think explains everything:
John W. Olsen, an uncommitted superdelegate from Connecticut and president of the A.F.L.-C.I.O. there. “I also want to wait and hear from all of the Democrats in the primaries and caucuses who haven’t had a chance to choose and vote yet.”Here's what's going on. The SuperDs are scared of Hillary and Bill, and their supporters, and while they plan on voting for Obama, they want "cover." And their "cover" is going to be waiting until almost every primary is done - at least the big primary in PA - so they can THEN say "gosh, Obama got the majority of the public and the majority of the delegates - who knew?! - I guess I'll have to support him now." Obviously, that same argument applies now - there is no mathematical way that Hillary can win the popular vote or the delegate count from the primaries and caucuses - but the SuperDs are scared of picking sides. So they want a clearer fait accompli, one they think they'll have after Pennsylvania votes.
Curious of what the bitterness and anger could look like if Obama is somehow denied the Democratic nomination? Check out the reaction from the ObamaNation over Wednesday’s debate. To put it simply, ABC was under siege yesterday. This may only be a taste of how the ObamaNation would react to a Clinton nomination. If MoveOn is motivated to do a petition campaign against the media over a debate, imagine what Clinton delegates and undecided superdelegates would face this summer if there is doubt. And as the Politico’s Ben Smith pointed out yesterday, it’s also what the GOP would face in the general election, especially if Obama is nominee. The level of devotion among Obama's supporters rivals what Bush had with his flock in 2004. The left-wing blogosphere is MUCH more powerful than what you see on the right this cycle and it reminds us of the advantage Bush had in '04. While we all know about that so-called right-wing voice machine, don’t forget that there is now a left-wing noise machine (on the internet) as well. And it has found its voice.Here's what Ben Smith had to say:
The ABC debate, according to the network, got 10.7 million viewers.Well, let's not get ahead of ourselves. The Republicans have an amazing ability to turn defeat into victory (and Democrats, the opposite), and they've been playing the media refs for going on 3 decades now. But I've been telling people for a while that the right-wing blogosphere is next to non-existent in power as compared to the left. In a future post, I'll try to analyze why this is. But for now, suffice it to say, there's a reason we bloggers do what we do. You, and we, together make up a rather relevant and powerful force in Democratic, and overall US, politics. Be proud. Be vigilant. And be active. It matters. Read More......
It also triggered the most furious outrage I've seen from the huge, and growing, Obama activist base, which in this case merged with the liberal Netroots -- which aren't always on the same page -- to generate a volume of complaints about the first 45-minutes of questioning that are pretty impossible to miss.
It's just a small glimpse, I think, of the level of heat the media is going to take in the general election, and John McCain doesn't seem to have any equivalent.
The percentages of Democrats and independents advocating withdrawal and seeing Iraq as distinct from the U.S. terrorism fight are also at or near high marks. And three-quarters of Democrats and nearly six in 10 independents do not see significant progress in Iraq.And...
Two-thirds of Democrats call the economy downright "poor," as do a majority of independents. But while a wide majority of Republicans rate the economy negatively, only about three in 10 describe conditions as that dire, and most have a positive take on the future. Most Democrats and independents, however, hold pessimistic views about the next 12 months.The Republicans can write off Democrats - they can't write off independents. Read More......
Economic ratings are flagging across partisan lines, and overall optimism is at a new low among all Americans: Nearly six in 10 said they feel pessimistic about the economy for the coming year, a seven-point increase since early February. And those who think the situation is already in poor shape do not have high hopes for recovery anytime soon; nearly three-quarters of them have a negative view about the next 12 months.
By tracking the same group throughout the campaign, the AP-Yahoo! News poll can gauge how individual views change. It suggests that Clinton has paid a price for hammering Obama since early February on several issues as she tries to overcome his lead in delegates and the popular vote. Among those Democrats who no longer consider her the more electable of the two, most now see her as less likable, decisive, strong, honest, experienced and ethical than they did in January.Here's the graph (ps. I just noticed the source date is wrong at the bottom of the graph. I think it should be April 2008 not 2007):
Meanwhile, those same voters are more likely to see Obama as strong, honest and refreshing than before.
A company of government troops abandoned its positions in Sadr City when the forces came under attack from Shiite militiamen who took advantage of a sandstorm to attack, police said Friday.Read More......
The clashes overnight killed two people and injured nine, a police commander said. The officer, who spoke on condition of anonymity because he is not authorized to release the information, said it was unclear whether there were any casualties among the soldiers.
The reports of the latest setback for the Iraqi army come after government officials acknowledged that during fighting last month against Shiite militias in the southern city of Basra, more than 1,300 Iraqi soldiers and police deserted or refused to fight.
Mark Zandi of Moody's Economy.com estimates that 10.6 million homeowners will have zero or negative equity by the end of June, or 21 percent of first mortgage holders.Read More......
The impact of a new wave of defaults will also be potentially important.
Banks and other investors in mortgages, as has been seen, will take further hits to their already weakened capital.
While few might shed tears for banks, this means a longer and deeper credit crunch.
A Chinese cargo ship believed to be carrying 77 tonnes of small arms, including more than 3m rounds of ammunition, AK47 assault rifles, mortars and rocket-propelled grenades, has docked in the South African port of Durban for transportation of the weapons to Zimbabwe, the South African government confirmed yesterday. It claimed it was powerless to intervene as long as the ship's papers were in order.Read More......
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