What’s interesting in the news today?
1. It. Just. Gets. Worse.
From FoxNews “While the administration publicly expresses full confidence in its health care law, privately it fears one part of the system is so flawed it could bankrupt insurance companies and cripple ObamaCare itself.
“Week after week, month after month,” says John Goodman of the National Center for Policy Analysis, “the Obama administration kept telling us everything’s working fine, there’s no problem and then they turn on a dime and fire their contractor.”
To justify a no-bid contract with Accenture after firing CGI as the lead contractor, the administration released documents from the Department of Health and Human Services and the Center for Medicare and Medicaid Services that offered a rare glimpse of its worst fears, saying the problems with the website puts “the entire health insurance industry at risk” … “potentially leading to their default and disrupting continued services and coverage to consumers.”
Then it went even further, saying if the problems were not fixed by mid-March, “they will result in financial harm to the government.”
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2. It’s the Chicago way.
From Reuters “Former U.S. Treasury Secretary Timothy Geithner angrily warned the chairman of Standard & Poor’s parent that the rating agency would be held accountable for its 2011 decision to strip the United States of its coveted “triple-A” rating, a new court filing shows.
Harold McGraw, the chairman of McGraw-Hill Financial Inc , made the statement in a declaration filed by S&P on Monday, as it defends against the government’s $5 billion fraud lawsuit over its rating practices prior to the 2008 financial crisis.
McGraw said he returned a call from Geithner on Aug. 8, 2011, three days after S&P cut the U.S. credit rating to “AA-plus,” and that Geithner told him “you are accountable” for an alleged “huge error” in S&P’s work.
“He said that ‘you have done an enormous disservice to yourselves and to your country,'” and that S&P’s conduct would be “looked at very carefully,” McGraw said. “Such behavior could not occur, he said, without a response from the government.”
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3. If intimidation is how they respond to a downgrade, I’d be nervous if I was these guys.
From TheHill “Moody’s announced Thursday it was downgrading its outlook for health insurers from stable to negative based on uncertainty related to ObamaCare.
The credit rating agency cited an unstable environment because of the healthcare law’s difficult rollout, and projected that insurers would earn 2 percent less than forecast in 2014.
“While we’ve had industry risks from regulatory changes on our radar for a while, the ongoing unstable and evolving environment is a key factor for our outlook change,” Moody’s Senior Vice President Stephen Zaharuk said in a statement. “The past few months have seen new regulations and announcements that impose operational changes well after product and pricing decisions were finalized.”
The Moody’s report also cites the slow enrollment of young people into ObamaCare as a reason for the downgrade.”
🙄
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4. The IRS intimidation of conservative groups continues. And it looks like they’ve targeted one of the few conservative groups in Hollywood.
From TheNYTimes “In a famously left-leaning Hollywood, where Democratic fund-raisers fill the social calendar, Friends of Abe stands out as a conservative group that bucks the prevailing political winds. A collection of perhaps 1,500 right-leaning players in the entertainment industry, Friends of Abe keeps a low profile and fiercely protects its membership list, to avoid what it presumes would result in a sort of 21st-century blacklist, albeit on the other side of the partisan spectrum.
Now the Internal Revenue Service is reviewing the group’s activities in connection with its application for tax-exempt status. Last week, federal tax authorities presented the group with a 10-point request for detailed information about its meetings with politicians like Paul D. Ryan, Thaddeus McCotter and Herman Cain, among other matters, according to people briefed on the inquiry.”
“Those people said that the application had been under review for roughly two years, and had at one point included a demand — which was not met — for enhanced access to the group’s security-protected website, which would have revealed member names. Tax experts said that an organization’s membership list is information that would not typically be required. The I.R.S. already had access to the site’s basic levels, a request it considers routine for applications for 501(c)(3) nonprofit status.”
“People for the American Way, Mr. Lear’s group, stands as something of a liberal counterpart to Friends of Abe, though the organization is far larger, with an affiliate that spends millions of dollars a year on issue advocacy in Washington and beyond. But the entertainment industry has been crisscrossed by progressive groups like the Natural Resources Defense Council, which maintains a tax-exempt educational adjunct under the 501(c)(3) provision, and includes the producer Laurie David and the actor Leonardo DiCaprio among its trustees. Another, the American Foundation for Equal Rights, is a nonprofit that supports marriage rights for gay people and counts the producer Bruce Cohen and the writer Dustin Lance Black among its founders.”
And none of those have been targeted. Neither has Obama’s OFA.
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5. This also stinks of intimidation, but we’ll have to wait and see. If he is guilty, then he’ll pay the price.
From Variety “Dinesh D’Souza, director of the 2012 documentary “2016: Obama’s America,” was arrested and indicted for campaign finance fraud on Thursday, Reuters reports.
The conservative filmmaker and best-selling author allegedly contributed $20,000 in 2012 in the name of others to Republican Wendy Long’s U.S. Senate campaign. Long ran for Hillary Clinton’s vacated Senate seat, but lost to Kirsten Gillibrand.
Federal law in 2012 limited election campaign contributions to $5,000 per person per candidate. Breaking this law is punishable to two years in prison.
“As we have long said, this Office and the FBI take a zero tolerance approach to corruption of the electoral process,” Preet Bharara, the U.S. Attorney for Manhattan, said in a statement.”
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6. And it seems Gov. Cuomo is taking a page from the Obama playbook.
From FoxNews “Conservative activist James O’Keefe is accusing New York Gov. Andrew Cuomo’s administration of targeting his group with document requests and a subpoena, claiming the Democratic governor’s recent comments critical of conservatives “aren’t simply words.”
“”Governor Cuomo’s shocking words this past week aren’t simply words,” O’Keefe said in a statement. “Governor Cuomo and the New York Department of Labor are on a witch hunt, demanding all documents and financials since our founding. … His goal, of course, is to harass us and limit our effectiveness by tying us up in court. Just like President Obama used the IRS to target and suppress conservatives, Governor Cuomo is using his Department of Labor to do the same exact thing.”
“The group claims its finances are “meticulously maintained to the penny” and calls the inquiries “meritless.” A statement said Project Veritas would be relocating to New Jersey.
Further, the group claimed that it complied with an earlier document request and showed up for a scheduled meeting on Dec. 13, but state labor officers “never showed up.”
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7. The White House is rejecting a review board’s findings that calls their NSA data sweep illegal.
Also From FoxNews “The White House on Thursday disputed the findings of an independent review board that said the National Security Agency’s mass data collection program is illegal and should be ended, indicating the administration would not be taking that advice.
“We simply disagree with the board’s analysis on the legality of the program,” White House Press Secretary Jay Carney said.
He was responding to a scathing report from The Privacy and Civil Liberties Oversight Board (PCLOB), which said the program ran afoul of the law on several fronts.
“The … bulk telephone records program lacks a viable legal foundation,” the board’s report said, adding that it raises “serious threats to privacy and civil liberties” and has “only limited value.” The report, further, said the NSA should “purge” the files. “
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