Lee Harvey Oswald was a patsy in the JFK assassination

The most accurate account of who killed JFK. So serious, the History Chanel has been stopped from showing the TV series by a lawsuit from LBJ’s family and Democratic Party lawyers.

 50th anniversary of the assassination of John F. Kennedy is November 22, 2013. Yet, in a half-century, we have just a fraction of the truth published.

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Any deep coverage of the assassination didn’t come from major newspapers. The best investigations have come from book authors and movie directors. The reputation of newspaper journalists has fallen from its peak in the early 1960s. The botched coverage of the Kennedy Assassination followed by decades of one-sided news stories coming from Democrat talking points has taken it’s toll on newspapers. In the early ’60s, the top 50 cities had two or three competing newspapers. Today, only New York, Boston and Chicago have two newspapers still publishing.

Was it color television that came in the late ’60s, or was it the content and ethical character of the newspapers editors and journalists?

Oliver Stone’s “JFK” presented many pieces of one of the most corrupt high crimes in U.S. history, but it failed to investigate the dangerous loose ends.

Within a week of the assassination, LBJ established what would be called the Warren Commission. Ten months later, the Warren report was issued with the “magic dancing bullet” and no mention of dozens of odd deaths.

With the Internet, authors, citizen journalists, and bloggers are doing a much better job uncovering the cover-ups than the elite media. How could that be? A rule of economics is choice. We had much fewer choice in news media until the internet came of age.

Take for example the assassination of JFK. Testimony has been hidden from the public for decades.

“Yeah, I had the son of a bitch killed. I’m glad I did. I’m sorry I couldn’t have done it myself!”

These were the words of Carlos Marcello, the Mafia godfather of Louisiana and Texas. And he was talking about the assassination of President John F. Kennedy. I believe he was played by John Candy in Oliver Stones “JFK.”

Marcello’s admission is in uncensored FBI files at the National Archives, detailed for the first time in a new encyclopedic book “Legacy of Secrecy,” by Lamar Waldron.

Waldron’s 848-page blockbuster was published in November, 2008. It involves 20 years of research that began in 1988 when he didn’t know that Mafioso Marcello had confessed to JFK’s murder back in 1985. The FBI kept this fact a secret for more than two decades. The Warren Commission released its cover-up version of the death of JFK at the hands of a lone assassin, Lee Harvey Oswald and a magic bullet.

IN 1963, only weeks after JFK was killed, the FBI questioned 14 Marcello mob associates. Yet the godfather’s name doesn’t even appear in the Warren Report. This secrecy shows that the government all the way up to LBJ had a hand in the cover-up at the very least, he appointed the Warren Commission and never had any questions directed to him.

Such as have you ever met Jack Ruby? Do you know Carlos Marcello, what do Mr. Ruby and Mr. Marcello do for a living?

In their war against organized crime and essentially the Mafia, President Kennedy and his brother Attorney General Robert Kennedy were never able to convict any members of the Marcello crime family. And Marcello didn’t make his admission of guilt until he was serving a long prison sentence as a result of an FBI sting.

The FBI groomed an informant who became Carlos Marcello’s cellmate. These tapes have never been released but they reveal the godfather standing in the prison yard, flying into a rage and cussing the Kennedys.

Marcello confessed that he’d also met Lee Harvey Oswald and brought him into the plot via that Louisiana character David Ferrie, played by actor Joe Pesci in Stone’s  “JFK.” Now it is coming to light that the movie was very close to the truth.

A fictional account of the JFK assassination titled “Deadly Delusion” by Jim Jarman is also very close to the real truth. Jarman describes how Oswald had been groomed to be a patsy for a couple of years by a special rogue unit of the CIA with a dotted line to the Mafia. Oswald was not a marksman, but the perfect fall guy.

Marcello also admitted that it was he who had set up Jack Ruby “in the bar business in Dallas.” Ruby did his bit for the Marcello plot when he killed Lee Harvey Oswald before he could implicate anyone else. Later Ruby died in his cell just two weeks before he was scheduled to give new testimony before a Congressional investigation.

Leading up to the crime of the century was the crime of the decade. Marilyn Monroe was found naked facedown on her bed, dead. The mass media chimed in immediately with stories of her drug use. The LA coroner’s report stated that the starlet died from an overdose of barbiturates. Yet, her stomach is nearly empty with no pill residue and no vomit on her bed of floor.

The story not widely circulated for decades, was that Sam Giancana (with CIA connections) had Monroe murdered by a team of four hit men who entered her home, taped her mouth shut with duct tape and squirted a lethal suppository of barbiturates and chloral hydrate into her rectum so there would be no vomit or deposits in her stomach. Like Marcello, Giancan lost millions in casino holdings in Cuba and was enraged over the failed “Bay of Pigs fiasco.” Adding insult to injury, Bobby Kennedy was going after the Chicago and New York mafia. Let’s not forget that the Kennedy family made its fortune from Papa Kennedy, a mafia drug and rum runner from Al Capon’s days.

Marcello does not care who knows that he help orchestrate the assassination of President John F. Kennedy. The former mobster boss also claims that he knew Jack Ruby, and he had him kill Lee Harvey Oswald.

Malcolm Wallace who was on LBJ’s payroll for special projects for more than 10 years.  He was a “hit man” and a expert marksman who had murdered as many as 18 or 19 people for Lyndon Johnson, according to the testimony of Johnson’s mistress, Madeleine Duncan Brown. There was one unidentified fingerprint at the time of the initial investigation of the sixth floor Texas Schoolbook Depositor. Finally in 1998 this fingerprint was identified as belonging to Malcolm Wallace.

Many crucial witnesses were brutally murdered right before their scheduled appearances to testify under oath before the House Assassination Committee. On 9th August, 1984, Billie Sol Estes’ lawyer, Douglas Caddy, wrote to Stephen S. Trott at the US Department of Justice. In the letter Caddy claimed that Billie Sol Estes, Lyndon B. Johnson, Mac Wallace and Cliff Carter had been involved in the murders of Henry Marshall, George Krutilek, Harold Orr, Ike Rogers, Coleman Wade, Josefa Johnson, John Kinser and John F. Kennedy. Caddy added: “Mr. Estes is willing to testify that LBJ ordered these killings, and that he transmitted his orders through Cliff Carter to Mac Wallace, who executed the murders.

“Madeleine recalled that ” after Johnson emerged from the Murchison meeting he walked up to her, and grabbed her by the arms and whispered in her ear, “After tomorrow those S.O.B.’s, the Kennedy’s, will never embarrass me again – that’s no threat – that’s a promise.”

The next morning Kennedy and Johnson got into a heated argument over the motorcade seating arrangements. Johnson insisted that his friend Connally and his wife ride with him in the rear vehicle. When Kennedy refused, Johnson stormed out of the room in a rage.

The next morning, Johnson’s Secret Service men came up to the motor cycle police and told them that the parade rout had been changed. It would no longer be going straight down Main St. but it would be making a turn onto Houston Street. They also told the motor cycle police not to ride next to the Presidents car, but to make sure that they stayed back behind the car, so that the crowds of people (and the assassins) would have a unrestricted view of the President. Johnson also changed the order of the cars in the motorcade, instead of his car being second, he put a car load of Secret Service men between his car and the President’s.

50th Anniversary of JFK Killing Nov. 22, 2013

Dallas was the perfect stage for LBJ to control the scene of the crime of the century. Johnson owned a media empire inside Texas. He won elections by hook and by crooked attorneys. His nickname “Landslide Johnson,” was sarcastic because he always won elections by late vote counts in Democrat precincts.

Jack Ruby was connected to the Chicago mob and had a well-cultivated relationship with the Dallas Police Department. Ruby was the ideal man to shut up Lee Harvey Oswald and shut down the link to the assassination team. Ruby asked to be moved from Dallas where he feared for his life if he brought up the network he worked for. His request was not granted and he died in the Dallas jail.

Mr. Ruby had a jailhouse interview with Dorothy Kilgallen, a nationally known journalist. She reported that the interview would blow the case wide open. She gave the notes of her meeting to her friend Margaret Smith for safekeeping. Ms. Kilgallen was found dead of a drug overdose on Nov. 8, 1965. Ms. Smith died two days later. The cause of death was not known.

Carlos Marcello Mafia head with business in Chicago, Dallas and New Orleans was the financier of the assassination. Marcello’s casinos shut down by Castro in Havana cost the boss many millions. Then, Bobby Kennedy started going  after the mobs in Las Vegas and Reno, where the mob shifted its casino operations from Havana.

Jack Ruby had worked for the mafia for years and was their pay-off man for control of the Dallas police.

Karyn, the beautiful daughter of Chicago journalist Irv Kupcinet, was found strangled to death in  Los Angeles. The LA Times reported a telephone operator heard Karyn scream “They are going to Kill Kennedy” a few days before the assassination. She was strangled to death on November 26 or 27 and not discovered until Nov. 30. Investigators speculated it was a message to her father to stay silent on what he knew about Jack Ruby.

Roger Craig was a Dallas policeman on the scene the day of the assignation. He found a 7.65 Mauser in the Book Depository. That was a fly in the ointment. The plant rifle was the Mannlicher-Carcano rifle tied to Oswald. The conflict of the other rifle showed at least two shooters. Officer Craig’s findings were ignored by the Warren Commission. In 1967 Craig was fired from the Dallas PD. Later that year, he was shot while walking to his car. The bullet grazed his head. In 1973, his car was forced off a mountain road and he was badly injured. He was shot again in 1974 and in 1975 was wounded when his car blew up. Later that year, he was found dead. Authorities called his death a suicide from self-inflicted gunshot wounds. Quite the survivor, not the profile of someone who commits suicide. Note gunshot woundS.  

Madeleine Brown, a longtime LBJ mistress, implicated her high-level lover and sugar daddy, implicating LBJ on taped statements before she died in 2002. What did she have to gain on her deathbed? Only the truth and peace with her maker. 

Johnson is the key to the Kennedy assassination. He benefitted the most. LBJ was a raw man. He was well-known for using the “N” word and lifted dogs up by their ears. Inside the Kennedy inner circle, talk of dumping LBJ from the ticket was passed talk and about to be a done deal.

Good ol’ boy, Johnson ran the Dallas area police, FBI and regional CIA and Secret Service.

What luck that Lee Harvey Oswald found a job in the Texas Book Depository two weeks before the president’s route. Who would know the president’s motorcade route but Johnson and his local Dallas Secret Service connections?

Many experts believe that the shot that went through Kennedy’s neck came from the front of the limo, behind the vine covered picket fence on the grassy knoll, not the fifth floor of the Texas Book Depository to his back. Basic ballistics test also show the magic bullet that hit parts of the limo, Governor Connelly, and JFK deny science and evidence, the bullet was unscathed. The horrible explosion of the back of Kennedy’s head follows ballistics in that the backward blowout is much larger than the entry wound, again, from the front.

“I am a patsy” are the only record of Lee Harvey Oswald’s side of the story. He was silenced by a 38 slug to the gut by mob errand boy, Ruby. After a night of questioning in the Dallas PD HQ, there are no notes or recordings. Why? Was it because Oswald described the network and that he was a CIA mole planted to watch the terrorist team do a dry run? Why was Oswald seen on the second floor drinking  a Dr. Pepper 30 seconds before the shooting? Why didn’t Oswald have a real escape plan? Instead he took a public bus to South Dallas to the Texas Movie Theatre in Oak Lawn? Why did Oswald hide in a theatre if he were a radical freedom fighter? Why didn’t he try and fight to the finish? Why after all that would he say he is a patsy?

Kennedy’s body was seized and flown back to Washington D.C. without the media scrutiny. There are reports of three wounds from the front. Triangulation ensured this was going to finish the job. 

Barr McClellan, author of Blood, Money & Power: How LBJ Killed JFK, accuses LBJ of being behind the JFK assassination. Implicates others of fore-knowledge of the plot, including Texas oilmen Clint Murchison, Sr. and H.L. Hunt, and FBI Director J. Edgar Hoover. Mystery fingerprint found on sixth floor of the Texas School Book Depository matches prints of Johnson aide taken in connection with a prior murder conviction.

The Men Who Killed Kennedy began with two 50-minute segments originally aired on 25 October 1988 in the United Kingdom, entitled simply Part One and Part Two. The programmes were produced by Central Television for the ITV network and were immediately followed by a studio discussion on the issues titled The Story Continues, chaired by broadcaster Peter Sissons. The United States corporation, Arts & Entertainment Company, purchased the rights to the original two segments. In 1989, the series was nominated for a Flaherty Documentary Award. In 1991, the series was re-edited with additional material and divided into three 50-minute programmes, which were also shown by ITV. A sixth episode appeared in 1995. The series typically aired in November every year and from time to time during the year. In November 2003, three additional segments (“The Final Chapter”) were added by the History Channel, but the series is no longer aired.

The ninth documentary in the series, entitled “The Guilty Men,” directly implicates former U. S. President Lyndon B. Johnson (LBJ) and created an outcry among Johnson’s surviving associates, including Johnson’s widow, Lady Bird Johnson, journalist Bill Moyers, ex-President Jimmy Carter, Jack Valenti (longtime president of the Motion Picture Association of America), and the last-living (at the time of the outcry) Warren Commissioncommissioner and ex-President Gerald R. Ford. These Johnson supporters lodged complaints of libel with the History Channel, and subsequently threatened legal action against Arts & Entertainment Company, owner of the History Channel.

The History Channel responded by assembling a panel of three historians, Robert Dallek, Stanley Kutler, and Thomas Sugrue. On a program aired April 7, 2004, titles “The Guilty Man: A Historical Review,” the panel agreed that the documentary was not credible and should not have aired. The History Channel issued a statement saying, in part, “The History Channel recognizes that ‘The Guilty Men’ failed to offer viewers context and perspective, and fell short of the high standards that the network sets for itself. The History Channel apologizes to its viewers and to Mrs. Johnson and her family for airing the show.” Conspiracy author Barr McClellan, interviewed in the documentary, complained that although the historians examined the evidence, they did not interview him or Turner.^[1]

 

The story never published about the liberal millionaire who ruined the LA Times and Times-Mirror empire – Otis Chandler

Today the newspaper industry bible–Editor & Publisher was shut down.

The 12-page 8×10 inch magazine was a joke inside the industry it covered. Not always, of course, or the trade mag covering mini-monopolies wouldn’t have lasted as long as it did. The past five years, E&P’s circulation was mainly online and didn’t earn the money to pay for postage or the paper it was printed on. Many blogs earn more in advertising revenue in one day than E&P did the past five years.

The same week with the earliest snowfall on record for Houston — the first wave of elite liberals fly to Denmark for the Global Warming Summit to drink Champagne.

Now another wave of layoffs begin at newspapers large newspapers. With more copy editor and page design jobs going to India at about 60 percent less, in the age of Web-based publishing.

Imagine if newspapers had been more balanced in their coverage and actually had moderate and conservative content? Would readers and advertisers be dropping off like they are? Or is it just the medium that is the problem?

Liberals at the Los Angeles Times and the vast Times-Mirror media holdings have long praised the legacy of an eccentric, big game hunter, millionaire, car collector and liberal Democrat,  publisher Otis Chandler, the surfing heir to an empire that he knew nothing about. Otis set the liberal sharp turn left at the  LA Times, which was immediately followed by the media giant’s other holdings: The Dallas-Times Herald, Denver Post, Houston Post, Baltimore Sun and New York’s Newsday, soon after the title was granted to him by his father.

Otis like many spoiled trust fund kids turned on dear old dad and granddad and imitated the New York Times leftist, socialist dogma. It started in the late ’60s and kept up the pace until the mid-’80s when the Times-Mirror board finally fired him.  The board remained out of the public eye and sat on their hands watching the largest, most profitable media company attack the  advertisers in Dallas, Denver and Houston who had a choice, they easily moved all their advertising and public event support to the  more dominant papers in the markets: then the Dallas Morning News, Denver Post and Houston Chronicle. Liberals hate business and economics with a passion. 

The Chandler’s board got rid of the brat and some 15 years later sold out to Sam Zell of Chicago. They unloaded well before the death spiral of the industry. 

Sam Zell is playing out a Clint Eastwood spaghetti Western on the bloated staff at the once glorious flagship, the LA Times.

“Sudden Sam” Zell fired more than 400 employees since assuming ownership of the paper a few years ago. You know there are some hearty laughs over fine cigars and California merlot in the the rolling ranch lands of Southern Cal.

Unlike Otis Chandler, Zell has no regard for the Pulitzer Prize committee, the supreme soviets of mainstream journalism, who only bestow honors on the most progressive and liberal newspapers left in the land. Zell made it clear right off the bat,  that he found the paper’s New-York-Times-of-the-West pretensions, worthless and boring. He has said openly that he doesn’t even bother to read the paper unless he happens to be passing through L.A.

In a New Yorker Magazine profile, Zell described himself as an “economic conservative” and confessed that he likes the columns of Charles Krauthammer and David Brooks but thought the “rest of the New York Times’s columnists are preposterous.” He had no use for Hillary Clinton either, according to the piece: “At a recent dinner party, the mention of Hillary Clinton’s name prompted him to use a four-letter obscenity to describe her.”

Times staffers must have shivered when they read in the New Yorker profile that Zell once sent a music box as a gift to friends and colleagues that played a song deriding the Sarbanes-Oxley Act: “Sarbanes-Oxley/ They’ve got moxie/ But for businesses/ Their act is toxic/ It’s not rocket science/ We’re killing profits with compliance.”

Addressing a University of Hawaii business class a few years back, Zell said: “The idea that somehow or other the business community is full of all these greedy characters — you should see the greed in teachers’ unions! You should see the greed in any political organization!”

Chandler’s era was  “hyperpartisan,” biased and “parochial” in support of Jimmy Carter and on constant attack mode against California Republicans Richard Nixon and Ronald Reagan. That was the final straw for Otis.

Otis went on to killing real elephants and lions on extravagant safaris. Did you know that? Google it, there may be some bits and pieces on the web. 

Chandler and his liberal successor, Tom Johnson, (who was publisher at the Dallas Times-Herald) focused on winning the approval of East Coast socialites/socialists, had endlessly commissioned left-wing articles, boring local readers who dropped their papers in droves for the more moderate Orange County Register and in Dallas, the more conservative Dallas Morning News. In Houston, the readers left the Post and went with the Houston Chronicle. (The Post is long gone and the Houston Chronicle is among the most profitable major newspapers in America). 

The LA Times  acquired a reputation as the “velvet coffin,” a place where liberal reporters could leisurely cover topics of interest to them, (smear energy companies, HMOs, etc.)  and paint beautiful portraits of their elite friends, but of little interest to the paper’s readers and local businesses.

I know plenty of stories abut the velvet coffin. I was young bastard who worked tirelessly for the honor of being in the inner court of the Times-Mirror estate. I stood shoulder to shoulder with the powers that were. They were a smug group, flying off to Davos every year with Pinchy of the NY Times and George Soros. 

I admire the intelligent courage of the Chandlers for giving Otis the boot and later dumping the media mess he left behind. They could see that the entire industry was following the liberal lead of Otis. There are better investments to be made such as in Apple, HP, or any number of consumer products.

http://newsosaur.blogspot.com/2009/12/next-for-outsource-news-production-jobs.html?utm_source=feedburner&utm_medium=email

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004052655

It’s time to change the name of the United States to the United Socialist States of ACORN.

Illegal immigrants voiting for the Democrat/Socialists with the help of “community organizers” such as ACORN.
Election boards dominated by the Democrat/Socialists disgard more than 25 percent of US soldiers’ ballots. Major manufacturers are “nationalized” by the new one-party system.

Note to cool, trendy Obama supporters: Only U.S. Citizens over 18 are allowed to register to vote. Illegal immigrants and felons (in most states) do not have the right.

“It’s not who wins the votes, it’s who counts to vote,” Stalin.

ATLANTA — The Obama  Justice Department has rejected Georgia’s system of using Social Security numbers and driver’s license data to check whether prospective voters are citizens, a process that was a subject of a federal lawsuit in the weeks leading up to November’s election.

What’s wrong with a real ID check? 

“This flawed system frequently subjects a disproportionate number of African-American, Asian and/or Hispanic voters to additional, and more importantly, erroneous burdens on the right to register to vote,” Loretta King, acting assistant attorney general of the Justice Department’s civil rights division, said. 

The decision comes as Georgia awaits word on whether a law passed in the spring that requires newly registering voters to show proof of citizenship will pass muster with DOJ. Under the law that takes effect in January, people must show their proof up front just as everyone does when paying with a check.  

The Soviet Plan
Lessons were learned by watching the socialists take over Russia and transform through class and race warefare. The one-party Bolshavics took control and held it for 70 years before the people of Poland, Georgia and Romania took down the tyrants. Lessons were taken and used to prepare the American liberals for the surrender of their freedoms and souls, to the whims of their elites and political insiders.

These observations are published in Pravda: 

First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their “right” to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our “democracy”. Pride blind the foolish.

Then their faith in God was destroyed, until their churches, all tens of thousands of different “branches and denominations” were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the “winning” side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the “winning” side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America’s short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.

These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes.

America has traded places with the USSR. It’s time to congratulate the Democrat/Socialists and change the name of America in the spirit of “truth in advertising.”

Miss California has same views against gay marriage as President Obama, Biden and and Hillary

President Barack Obama didn’t think the media lap dogs would do this to him just 100 days into his term. But thanks to The Donald, Obama ended up in the middle of the gay/lesbian/transgender smear campaign against Miss California.  — the debate over Carrie Prejeans Christian beliefs — in opposition to gay marriage.

At a press conference addressing Carrie Prejean’s disputed title in the Miss USA competition, pageant owner Donald Trump compared Prejean’s stated views on gay marriage to Obama’s. Bloggers on Twitter have pointed this out weeks ago. 

“It’s the same answer that the president of the United States gave,” Trump said. “She gave an honorable answer. She gave an answer from her heart.”

In her own remarks moments later, Prejean echoed Trump’s statement, telling reporters: “The president of the United States, the secretary of state, and many Americans agree with me in this belief.” Let’s be clear on this media/gay smear, Miss Prejean would be Miss USA today, if not for the biased, hate-filled attacks by the gay/lesbian/transgender political arm of the Democratic party of the U.S. Perez Hilton is the one who should be in a controversy today by the major media.

Q: “Do you support gay marriage?” VP BIDEN: “No, Barack Obama nor I support redefining, from a civil side, what constitutes marriage. We do not support that. That is basically a decision to be able to be left to the faiths and people who practice their faiths to determine what you call it.”

Major city newspapers will go nonprofit to keep influence

Major cities such as San Francisco, Washington D.C., LA, Chicago, New York, Houston and Philadelphia may convert the serviving newspapers into nonprofits to keep their political and philanthropic status. 

The San Francisco Chronicle will be the first to test the entity. 

San Francisco investment banker Warren Hellman and other prominent SF  lawyers and investors made an informal proposal  last week to Hearst, owners of the San Francisco Chronicle about helping the troubled daily paper become a nonprofit, San Francisco attorney Bill Coblentz told the SF Business Times.

Hellman and Coblentz discussed the idea, then Coblentz conveyed it to former San Francisco Examiner editor and publisher William R. Hearst III, who is a Hearst Corp. director and an affiliated partner with Kleiner Perkins Caufield & Byers. William is one of the working Hearsts who lives in the Bay Area and keeps touch with The Chronicle on a daily basis. It’s unofficially the Hearst flagship, though in money making ability, their Houston Chronicle is by far the financial headquarters. 

“What happened after that, I don’t know,” said Coblentz, who is out of town.

The proposal would be for a nonprofit corporation “to take over the Chronicle,” with Hearst Corp. continuing to provide some philanthropic support, Coblentz said. Details remain sketchy. It’s unclear if the proposal is being seriously considered.

 

Editorial-wise they are already PBS in print, aren’t they? 

 

Sleepless in Seattle — The Post-Intelligencer shuts down — lives online

Last week: The Seattle Post-Intelligencer has told employees they “might” lose their jobs as soon as next week after a deadline for Hearst Corp to sell the newspaper passed last Monday. 

The news is out, the  146-year-old Seattle Post-Intelligencer prints its last edition tomorrow.

The P-I will continue to “live” on the Internet with a much smaller staff.

I like it. It’s a mix of current and archival. Mikey likes it!

http://www.seattlepi.com 

Owner, the Hearst Corp. reports it has failed to find a buyer for the newspaper, which it put up for sale in January after nine years of financial losses. There are no more suckers left with enough trust fund money to waste.

The end of the print edition leaves The Seattle Times as the only major daily newspaper in the city. 

The TV stations will be there tonight and tomorrow capturing the historic day.

Seattle has been counting TV, and now the internet as their favorite news sources. Do you think people will wait for the Seattle Times to find out?

 

 

Last week:

Read between the lines: Boxes for removing personal items and shredding bins are scheduled to be delivered to the PI floors this week.

Clues suggest Hearst plans to close the P-I shortly

Seattle Post-Intelligencer reports on its own demise

Just after Hearst spokesman Paul Luthringer claimed that “we are still evaluating our options,” Post-Intelligencer staffers learned that boxes and bins are scheduled to be delivered to the newsroom later this week — some for materials to be taken home, others for notes that require shredding. “It would be nice to have some clarity,” says business reporter Joseph Tartakoff. “It’s really hard to plan your work when you’re not sure if you’ll be around the next day.”

The New York Times sold off the majority of its new sky scraper in New York and has a long-term rent agreement. The company no longer owns the roof over its head.

Next, McClatchy announced massive layoffs, and Hearst’s Seattle PI is about to turn into a shadow, online only edition. Meanwhile, back at Hearst’s figurative flagship, the San Francisco Chronicle, the Media Guild has accepted big cuts just to keep most jobs. The Denver Rocky Mountain News shut down a week or so ago. 

McClatchy Co. is shearing another 1,600 jobs in a cost-cutting spree that has clipped nearly one-third of the newspaper publisher’s work force in less than a year.

The latest reduction in payroll announced Monday follows through on the Sacramento-based company’s previously disclosed plans to lower its expenses by as much as $110 million over the next year as its revenue evaporates amid a devastating recession.

The layoffs will start before April. No fooling.

 Several of McClatchy’s 30 daily newspapers, including The Sacramento Bee and The Kansas City Star, already have decided how many workers will be shown the door. Close to 2,000. 

 

Only 33% would miss their local paper if it folded

Pew Research report
Just 43 percent  of Americans say that losing their local newspaper would hurt civic life in their community “a lot,” according to a Pew Research poll. And even fewer, only 33 percent say they will miss their local newspaper if it folds.

Back to the West Coast

Negotiators for the Guild and the San Francisco Chronicle reached a tentative agreement Monday night changes to the collective bargaining agreement in line with cost cuts planned by Hearst. 

The agreement will require approval by Chronicle Unit Guild members. (They will approve or lose their jobs wholesale). 

A ratification meeting will be scheduled as early as Thursday of this week. Time and place will be announced on Tuesday as soon as a large enough facility can be secured.

In view of the latest terms agreed today, the Guild Negotiating Committee recommends membership approval.

The terms reached late Monday include expanded management ability to lay off employees without regard to seniority. All employees who are discharged in a layoff or who accept voluntary buyouts are guaranteed two weeks’ pay per year of service up to a maximum of one year, plus company-paid health care for the severance term, even in the event of a shutdown – which today’s agreement is designed to avoid.

Guild membership will remain a condition of continued employment for all employees. However, new hires in certain advertising sales positions will be given the option of membership, even though they will retain Guild protection under the contract.

On-callers will be limited to no more than 10 percent in any classification or department.

Pension changes are not part of this agreement, but are being discussed by pension authorities and must be implemented under terms of the Pension Protection Act, due to the recent declines in investment markets. Because those changes may affect the decisions of many members concerning buyouts, we are attempting to reach some key understandings now as to the nature of the changes and when they will take effect.

A lunch-hour meeting on Wednesday March 11, with our pension plan’s lawyer will be held at the Guild Office, 433 Natoma, Third Floor Conference Room.

A bulletin summarizing all the proposed contract changes will be issued Tuesday. A set of the complete proposed amendments will be available on the Guild’s Web site (mediaworkers.org) as soon as possible.

Management is seeking to change the union contract as part of an attempt to cut costs and keep the paper operating under the ownership of the Hearst Corp.

The company said Feb. 24 it would sell or close the paper unless the Guild agreed to changes in the labor agreement in effect through June 2010.

The leaders in the former cash cow industry thought they could just transform to their pages of expensive advertising to Web pages. Sorry. The Web is very competitive and readers will not put up with page after page of ads to follow the news. 

McClatchy is down for the count. The stock is hovering below $1 and will soon be kicked out of the New York Stock Exchange. 

The The Sun of Myrtle Beach and the  Macon Telegraph — McClatchy papers, announced last week that they were outsourcing printing, they joined what one experts are calling the last stage of the dying industry.

Chuck Moozakis, editor-in-chief of Newspapers & Technology, found in a December survey piece that the flight from printing includes mid-sized papers like the two last week, small papers, but also very big ones like the San Francisco Chronicle. Dow Jones has already closed plants in Denver and Chicago and could shutter 10 of the 17 around the country that have printed The Wall Street Journal.

 

“There is a lot of iron sitting out there now,” Moozkis reported.  

“What’s more sobering is the amount of press capacity now available within operations with relatively new presses” like Detroit and Denver. Losing the Rocky Mountain News press run — when it closes (not if) — won’t help, and some of the same impact will come as the two Detroit papers have reduced distribution of a smaller print product most weekdays.

 

 The carbon footprint of newspapers is enormous. At least the unemployed “progressives” can be happy that they are no longer contributing to the worst global warming industry on the planet. 

Anna Nicole Smith Is Dead at 39. Two years later, justice.

By Mick Gregory

Killer good looks. Now her doctors and former lawyer and “boyfriend” charged with criminal intent. Finally, justice may come to punish the monsters behind Anna’s death.

Howard K. Stern, her lawyer-turned-confidant, and Drs. Sandeep Kapoor and Khristine Eroshevich were charged in an 11-count felony complaint on Thursday, including conspiracy, unlawfully prescribing a controlled substance and prescribing, administering or dispensing a controlled substance to an addict.

“These individuals repeatedly and excessively furnished thousands of prescription pills to Anna Nicole Smith, often for no legitimate medical purpose,” California Attorney General Jerry Brown said in a statement. His office is expected to release more details about the case at a news conference Friday.

Anna Nicole’s fame and tragic end were all thanks to the mass media, and perhaps her fantasy of becoming Marilyn Monroe (another victim of mass media). Print and TV sold copies and advertising off her life. The tabloids especially made a lot of money off of her dramatic ups and downs. You can’t help but feel pity for her.

The Houston blonde bombshell, Anna Nicole Smith died in Hollywood, Florida this afternoon at the Hard Rock Cafe and Casino. The former model and Playboy Playmate collapsed at the South Florida casino and couldn’t be revived.

A tragic ending to a People Magazine life. The past year she experienced the birth of her daughter and death of her son. She was 39 years old. Anna Nicole Smith used her good looks to leap from trailer park trash to super stardom.

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The media chased her around, like Princess Diana. It’s very similar to what the San Francisco Chronicle is trying to do to Barry Bonds. Some reporters even made money on a book written from illegal grand jury testimony. But Bonds has much more self control, talent and intelligence than Anna Nicole. He understands the way the media works. He hasn’t given interviews in a decade. His grand jury testimony has his statements made under oath, that he never knowingly took illegal steroid drugs.
And he’s about to be the all-time home run king.

Ask yourself this, which is harming and killing more young people? Bulimia and diet pills that girls take to just try and fit the model look? Or performance enhancing herbal remedies and vitamins that athletes may use to heal injuries and extend their careers?

Why isn’t the Chronicle looking into Nancy Pelosi’s carbon footprint? Or her hiring of non-union, illegal workers? Or, why not look at the monopoly that Shorenstien has on parking fees and downtown office space?

What do you think?

The funny thing, the Rocky didn’t know it was on life support for the last 10 years

The JOAs have just prolonged the death of failing newspapers. It’s time to pull the plug.

 

They fancy themselves literary geniuses, some of them do, when they are merely expert at the craft of certain formula which bear little relation to communicating with readers at the highest level. Or they fancy themselves tough-nosed reporters simply because they work in Chicago, and wail about the (falsely alleged) error rates of valuable tools like Wikipedia, without having even gone through the fact-checking process of a typical monthly magazine that will humble any newspaper reporter within minutes (trust me, I know).

The industry is still discussing inverted pyramids instead of the art of the link and how it changes the narrative structure of what we do.

Please die already. — The Beachwoodreporter.com.

Rocky Mountain News publishes final edition Friday

Poynteronline.org holds a podcast/blog later today on “Is it time to exit newspaper journalism?” What do you think they will say? 

Here is the final edition. It has a sad, final edition look to it. http://eatthedarkness.wordpress.com/2009/02/27/rip-rocky/

 

  

Joe Mahoney © The Rocky

Executives from  Scripps, announce their decision on the future of the Rocky Mountain News in the 150-year-old newspaper’s newsroom on 2/26/09 in Denver. In December 2008, the Rocky’s parent company put the paper up for sale, citing multi-million dollar annual losses. No offers were made. Nobody was that slow on the uptake on the future of newspapers.

  

 

 

  

Photo by Darin McGregor © The Rocky

A man stops to read the ticker on the outside of the Denver Newspaper Agency building announcing that the Rocky Mountain News is closing and that it will publish its last edition on Friday. Photograph taken in Denver Thurs. Feb 26, 2009.

  

Photo by Joe Mahoney © The Rocky

 

  

Photo by Joe Mahoney © The Rocky

Executives from E.W. Scripps Co., announce their decision on the future of the Rocky Mountain News in the 150-year-old newspaper’s newsroom on 2/26/09 in Denver. In December 2008, the Rocky’s parent company put the paper up for sale, citing multi-million dollar annual losses.

Share Your Thoughts

What do you think about Scripps’ decision to close the Rocky? We want to hear your thoughts. You can talk live with Mark Wolf by clicking here, or send a letter to the editor at letters@rockymountainnews.com

• BLOG: Official announcement at Rocky
• VIDEO: Scripps announces closure of Rocky Mountain News
• SLIDE SHOW: Rocky staff members get news of closure
• NEWS CONFERENCE: Recession forced closure, Boehne says

The Rocky Mountain News publishes its last paper today (Friday).

Rich Boehne, chief executive officer of Rocky-owner Scripps, broke the news to the staff at noon today, ending nearly three months of speculation over the paper’s future.

“People are in grief,” Editor John Temple said a noon news conference.

But he was intent on making sure the Rocky’s final edition, which would include a 52-page wraparound section, was as special as the paper itself.

“This is our last shot at this,” Temple said at a second afternoon gathering at the newsroom. “This morning (someone) said it’s like playing music at your own funeral. It’s an opportunity to make really sweet sounds or blow it. I’d like to go out really proud.”

Boehne told staffers that the Rocky was the victim of a terrible economy and an upheaval in the newspaper industry.

“Denver can’t support two newspapers any longer,” Boehne told staffers, some of whom cried at the news. “It’s certainly not good news for you, and it’s certainly not good news for Denver.”

Tensions were higher at the second staff meeting, held to update additional employees who couldn¹t attend the hastily called noon press conference.

Several employees wanted to know about severance packages, or even if they could buy at discount their computers.

Others were critical of Scripps for not seeking wage concessions first or going online only.

But Mark Contreras, vice president of newspapers for Scripps, said the math simply didn’t work.

“If you cut both newsrooms in half, fired half the people in each newsroom, you’d be down to where other market newsrooms are today. And they’re struggling,” he said.

As for online revenues, he said if they were to grow 40 percent a year for the next five years, they still would be equal to the cost of one newsroom today.

“We’re sick that we’re here,” Contreras said. “We want you to know it’s not your fault. There’s no paper in Scripps that we hold dearer.”

But Boehne said Scripps intended to keep its other media, both print and in broadcast, running.

“Scripps has been around for 130 years. We intend to be around another 130 years,” Boehne said. “If you can’t make hard decisions, you won’t make it.”

After Friday, the Denver Post will be the only newspaper in town.

Asked if pubilsher Dean Singleton now walks away with the whole pie, Boehne was blunt.

“He walks away with an unprofitable paper, $130 million in debt and revenues that are down 15-20 percent every year,” Boehne said.

Asked if Singleton would have to pay for the presses now, Boehne added, “We had to kill a newspaper. He can pay for the presses.”

Reaction came from across the nation and around the block.

“The Rocky Mountain News has chronicled the storied, and at times tumultuous, history of Colorado for nearly 150 years. I am deeply saddened by this news, and my heart goes out to all the talented men and women at the Rocky,” U.S. Sen. Michael Bennet said in a statement. “I am grateful for their hard work and dedication to not only their profession, but the people of Colorado as well.”

At the Statehouse, Rep. Joe Rice (D-Littleton), said the paper would be missed.

“The Rocky Mountain News has been a valued institution in Denver,” he said.

“It’s a sad, sad day.”

Long-time Denver real estate agent Edie Marks called the Rocky a voice of reason, moderation and common sense.

“I think that it was the fairest newspaper, the most diverse, and am important part of my daily life,” she said. “I’m going to miss it tremendously.”

On Dec. 4, Boehne announced that Scripps was looking for a buyer for the Rocky and its 50 percent interest in the Denver Newspaper Agency, the company that handles business matters for the papers. The move came because of financial losses in Denver, including $16 million in 2008.

“This moment is nothing like any experience any of us have had,” Boehne said. “The industry is in serious, serious trouble.”

Didn’t Obama sign the trillion dollar stimulous bill in Denver? What did that do for the Rocky? 

Stephanopoulos and Obama Chief of Staff on daily phone briefings from the White House

No wonder why trust in the media is at record lows, like temperatures. 

ABC News’ anchorman of the news and host of This Week with 
George Stephanopoulos, is on a daily morning conference call with Rahm Emanuel and others from the old Clinton administration, now in the media.  Web site Politico broke the news that
Stephanopoulos is currently conducting private, daily
phone briefings with Obama chief of staff Rahm Emanuel. 

This is unethical  journalism and a clear
conflict of interest.   How can Stephanopoulos participate
in daily briefings about the administration’s strategy and
message and then be charged with reporting on them?

Update: Feb. 4: A White House reporter, so infatuated with the new president, jumped out of line and begged for Obama’s autograph today. At the end of the SCHIP signing, a member of the press corps jumped the rope penning off reporters to get an autograph from POTUS. Secret Service swooped in and stopped him. An Obama aide said the man is still being held by Secret Service. No details yet on the reporter’s name or publication. — Carol E. Lee 

The individual in question, whose name I don’t know, showed up in the press briefing room basement under escort of a White House press aide (not the Service at that point) apparently to retrieve personal belongings and make his way out of the complex. — Josh Gerstein 

 

How about tapes of those conversations with major media and the White House? Shouldn’t the public get in on that? It’s our White House, not the Democrat party’s central command for propaganda. 

The Media Research Center (MRC) Action Team thas started a campaign to call
ABC News and demand that he Stepanopoulos (Stephy)  recuse himself
from reporting on any issues involving the Obama Administration,
thousands of citizens took immediate action!

         In fact, the MRC reports  that ABC News switchboard
         personnel were completely swamped, and couldn’t keep up
         with the heavy volume of angry calls.

Don’t Stop Calling!

We are expanding this effort, and have added Stephanopoulos’s boss,
David Westin, President of ABC News and Westin’s boss, Anne Sweeney,
Co-Chairman at Disney. They all need to hear from us.

Here are the numbers to call:

George Stephanopoulos, Washington Chief Correspondent, ABC News
202-222-7700

David Westin, President ABC News 212-456-6200

Anne Sweeney, Co-Chairman, Disney Media Networks 818-569-7700

Click here to send emails:

http://www.mrcaction.org/r.asp?U=15953&CID=517&RID=11817738

Drill here, drill now, pay less, create jobs — That’s stimulous

Gov. Sarah Palin continues to make news. She understands economics and real-world energy issues. 

 

I AM DISMAYED THAT LEGISLATION HAS AGAIN BEEN INTRODUCED in Congress to prohibit forever oil and gas development in the most promising unexplored petroleum province in North America — the coastal plain of the Arctic National Wildlife Refuge, in Alaska.

Let’s not forget: Only six months ago, oil was selling for nearly $150 per barrel, while Americans were paying $4 a gallon and more for gasoline. And today, there is potential for prices to rebound as OPEC asserts its market power and as Russia disrupts needed natural gas to Europe for the second time in three years.

As I traveled throughout the country campaigning for vice president, I was glad to hear politicians, including Barack Obama, promise that “everything was on the table” to address America’s great challenges. I also found that when Americans were apprised of the facts, most people became supporters of responsible oil and gas drilling in Alaska. So, I want to remind our national leaders of this promise and make the case against this legislation:

•Oil from ANWR represents a huge, secure domestic supply that could help satisfy U.S. demand for more than 25 years.

•ANWR sits within a 20 million-acre refuge (the size of South Carolina), but thanks to advanced technology like directional drilling, the aggregated drilling footprint would be less than 2,000 acres (about one-quarter the size of Dulles Airport). This is like laying a 2-by-3-foot welcome mat on a basketball court.

•Energy development is quite compatible with the protection of our wildlife and their habitat. For example, North Slope caribou herds have grown and remained healthy throughout more than three decades of oil development. Most of the year, our coastal plain is frozen solid and thus characterized by low biological productivity.

•ANWR development would create hundreds of thousands of good American jobs, positively affecting every state by providing a safe energy supply and generating demand for goods and services.

— Gov. Sarah Palin

Rupert Murdoch tells journalists: Shape up or risk extinction

Rupert Murdoch is a media genius. He has an instinct for fair and balanced news. Of course,  members of the elite, liberal media (former monopolies) would say he is just a rich conservative who buys up media. I’ve seen the smears against him for the past 25 years. Now his empire includes FOX, the Wall Street Journal and You Tube. 

This is what Mr. Murdoch has to say: 

“It used to be that a handful of editors could decide what was news-and what was not. They acted as sort of demigods. If they ran a story, it became news. If they ignored an event, it never happened. Today editors are losing this power. The Internet, for example, provides access to thousands of new sources that cover things an editor might ignore. And if you aren’t satisfied with that, you can start up your own blog and cover and comment on the news yourself. Journalists like to think of themselves as watchdogs, but they haven’t always responded well when the public calls them to account.”

Mr. Murdoch points out  the media reaction after bloggers debunked a “60 Minutes” report by former CBS anchor, Dan Rather, that President Bush had evaded service during his days in the National Guard.

“Far from celebrating this citizen journalism, the establishment media reacted defensively. During an appearance on Fox News, a CBS executive attacked the bloggers in a statement that will go down in the annals of arrogance. ’60 Minutes,’ he said, was a professional organization with ‘multiple layers of checks and balances.’ By contrast, he dismissed the blogger as ‘a guy sitting in his living room in his pajamas writing.’ But eventually it was the guys sitting in their pajamas who forced Mr. Rather and his producer to resign.

“Mr. Rather and his defenders are not alone,” he continued. “A recent American study reported that many editors and reporters simply do not trust their readers to make good decisions. Let’s be clear about what this means. This is a polite way of saying that these editors and reporters think their readers are too stupid to think for themselves.”

—Reported by Charles Cooper of CNET.

Update: Dan Rather now works for Mark Cuban, the owner of the Dallas Mavericks. Cuban is under investigation  for insider trading by the federal SEC.

“My summary of the way some of the established media has responded to the internet is this: it’s not newspapers that might become obsolete. It’s some of the editors, reporters, and proprietors who are forgetting a newspaper’s most precious asset: the bond with its readers,” said Murdoch, the chairman and chief executive officer of News Corp., owners of FOX News.

UPDATE: Dec. 21, 2008

Some 500 managers and nonunion workers at The Seattle Times are being asked to take a week off without pay as financial troubles mount.

This is one of many JOAs that allow two mastheads to remain “independent” while all the marketing, promotion, advertising, publishing and distribution are joined in one economical operation. It is a form of monopoly, exactly what Mr. Murdoch was discussing. 

 

· Times memo to unaffiliated employees

Company spokeswoman Jill Mackie said workers can take the time off in a weeklong chunk or a day at a time between now and February. She declined to say how much money the Times expects to save from the mandatory time-off program.

It’s the latest in a series of dire steps by the company, which has had three rounds of layoffs this year.

“There are very few areas remaining in which we can pursue necessary savings,” wrote Seattle Times Senior Vice President Alayne Fardella in a two-page memo sent to all nonunionized Seattle Times employees Friday.

“It has been and continues to be a long and difficult fight for our survival.”

The memo says the time must be taken off before Feb. 28 because the company needs to achieve cost savings early in the year.

Recent Fannie Mae and Freddie Mac executives on Obama’s payroll — Senator Chris Dodd oversees Freddie and Fannie and has received hundreds of thousands in contributions from them. Barney Frank’s lover was a director on Fannie

UPDATE: Oct. 2, 2008

Unqualified home buyers were not the only ones who benefited from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.

Enron executives are in prison over much less. In fact far more money was lost to investors after Mr. Frank, trumpeted the great management of Freddie Mack and Fannie May.

We thank Bill O’Reilly for bringing up Barney Frank’s role. Fortunately, we still have a free press in this country. Wait until ’09, if Obama wins he and Nancy Pelosi promise to invoke the “Fairness Doctrine.”

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank’s relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.

“It’s absolutely a conflict,” said Dan Gainor, vice president of the Business & Media Institute. “He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?

“If this had been his ex-wife and he was Republican, I would bet every penny I have – or at least what’s not in the stock market – that this would be considered germane,” added Gainor, a T. Boone Pickens Fellow. “But everybody wants to avoid it because he’s gay. It’s the quintessential double standard.”

Did you read about this in the New York Times, Washington Post or San Francisco Chronicle?

UPDATE: 9/25/08

Countrywide Financial, the biggest U.S. mortgage lender, made large, previously undisclosed home loans to two additional executives of Fannie Mae, the government-chartered firm at the center of the U.S. credit crisis.

This is what Lindsey Graham said on Greta’s show: “And this deal that’s on the table now is not a very good deal. Twenty percent of the money that should go to retire debt that will be created to solve this problem winds up in a housing organization called ACORN that is an absolute ill-run enterprise, and I can’t believe we would take money away from debt retirement to put it in a housing program that doesn’t work.”

Imagine what $140,000,000 can do to for ACORN and the Democrat party?

The FBI is investigating Freddie, Fannie, and AGI.
One of Countrywide’s previously undisclosed customers at Fannie was Jamie Gorelick, an influential Democratic Party figure whose $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide’s chief executive at the time, Angelo Mozilo. Ms. Gorelick was Fannie Mae’s vice chairman at the time. [Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a Countrywide refinancing while at Fannie Mae.] Associated Press

Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a Countrywide refinancing while at Fannie Mae.

Another Countrywide client was recently ousted Fannie Mae Chief Executive Daniel Mudd, though it isn’t clear whether he received special treatment on two $3 million mortgage refinancings he made when he was the company’s chief operating officer.

In an interview, Ms. Gorelick said she had no knowledge of receiving special treatment. A financial adviser to Mr. Mudd said he received interest rates in line with the prevailing market.

The Fannie loans — including a series of already reported preferential loans to former Fannie chief executives James Johnson and Franklin Raines — underscore the close connections between Countrywide and Fannie Mae and raise potential conflict-of-interest issues.

UPDATE: 9/24/08

Statement by John McCain, May 25, 2006:

Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.

The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.

The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.

For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation.

Mac and Mae meltdown. Which Democrats benefited from the quasi-government agencies?

UPDATE: 9/24/2008

Opensecrets.com has looked into the public records of direct contributions from the organizations of Freddie and Fannie, not including the donations from top executives. The FBI is opening major investigations into the actions of the organizations.

Fannie Mae and Freddie Mac Invest in Democrats

Published by Lindsay Renick Mayer on July 16, 2008 5:27 PM | Permalink | Comments (15)

(For an updated chart that includes contributions from Freddie Mac and Fannie Mae’s PACs and employees to ALL lawmakers back to 1989, including to their leadership PACs, go here.) and data The federal government recently announced that it will come to the rescue of Freddie Mac and Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side. Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they’ve also directed those contributions strategically. In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they’ve reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006.

Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie’s PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.
Campaign Contributions, 1989-2008

Top Recipients of Fannie Mae and Freddie Mac

Name	Office	Party/State	Total
1. Dodd, Christopher	S	D-CT	$133,900
2. Kerry, John	S	D-MA	$111,000
3. Obama, Barack	S	D-IL	$105,849
4. Clinton, Hillary	S	D-NY	$75,550
5. Kanjorski, Paul E	H	D-PA	$65,500

This is a story that you won’t read about in the mainstream media. The Clinton administration marching orders to open up home loans to people unqualified, (socialization of home ownership). Today, the Democrats have taken over the U.S. Congress and have a 50/50 chance to take over the White House.

Look into the Barney Frank, Chris Dodd and Barack Obama connection — they have recieved millions of dollars from Fannie Mae and Freddie Mac. Chris Dodd also received a sweet deal from Countrywide. These same people in “public service” are not investigating the corruption. For the past two years, the Democrats have held the majority controlling status of the House and Senate. So they will not turn in their own.

“Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.

A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 on the list is Sen. Barack Obama.

Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, many people who couldn’t afford them… Now remember: Obama’s ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain — Sen. Obama — was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks.

Sen. Barack Obama: No. 2 on the Fannie/Freddie list of favored politicians after just two years in the Senate.

Next time you see that ad, you might notice he fails to mention that part of the Fannie and Freddie problem.”

Now let’s look at Franklin Raines, Barack Obama’s campaign manager — previously a Fannie Mae top executive.

This story is serious but it won’t receive any attention from the mainstream media who benefit from a socialist America and Barack Obama as President.

“Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie’s PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.”

The names of the top four recipients of Campaign contributions from Fannie and Freddie over the last 10 years is also interesting – Christopher Dodd, John Kerry, Barack Obama and Hillary Clinton (all top Democrats for those keeping a scorecard).

About Franklin Raines and James Johnson

James A. Johnson (born December 24, 1943) is a United States Democratic Party political figure. He was the campaign manager for Walter Mondale’s failed 1984 presidential bid and chaired the vice presidential selection committee for the presidential campaign of John Kerry. He was involved in the vice-presidential selection process for the 2008 Democratic presidential nominee Senator Barack Obama.
Johnson began his career as a faculty member at Princeton University, later moving on to the United States Senate as a staff member and to the Dayton-Hudson Corporation (now Target Corp.) as director of public affairs. He was executive assistant to Vice President Walter Mondale during the entire Carter Administration (1977-1981). Later, he founded and headed Public Strategies, a private consulting firm, from 1981 to 1985 before leaving for Lehman Brothers.

From 1991 to 1998, he served as chairman and chief executive officer of the Federal National Mortgage Association (Fannie Mae), the quasi-public organization that guarantees mortgages for millions of American homeowners. Previously, he was vice chairman of Fannie Mae (1990-1991). An Office of Federal Housing Enterprise Oversight report from September 2004 found that, during Johnson’s tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses that they would have otherwise not earned.

As of 2006, he is a vice chairman of the private banking firm Perseus LLC, a position he has held since 2001. He is also a board member at Goldman Sachs, Gannett Company, Inc., a media holding group, KB Home, a home construction firm, Target Corporation, Temple-Inland, and UnitedHealth Group.

Johnson has also served as chairman of both the Kennedy Center for the Arts (1996-2004) and the Brookings Institution (1994-2003). He is also a member of the American Academy of Arts and Sciences, the American Friends of Bilderberg, the Council on Foreign Relations, and the Trilateral Commission.

On May 22, Democratic Party officials confidentially divulged that Obama had asked Johnson “to lead the process” for selecting Obama’s running mate.On June 4, 2008, Obama announced the formation of a three person committee to vet vice presidential candidates, including Johnson. However, Johnson soon became a source of controversy when it was reported that he had received loans directly from Angelo Mozilo, the CEO of Countrywide Financial, a company implicated in the U.S. subprime mortgage lending crisis. Although he was not accused of any wrongdoing and was initially defended by Obama on the grounds that he was simply an unpaid volunteer, Johnson announced he would step down from the vice-presidential vetting position on June 11, 2008 in order to avoid being a distraction to Obama’s campaign.

On September 19, the McCain/Palin campaign released an ad showing Obama linked him to Johnson.

What does Don Imus have to say about his old pals? They threw him under the train.

Give us your thoughts, my friends.

Bump from Biden. Not so much.

Pew, NYT, Gallup, Rasmussen, CNN, CNBC and Huffington Post are all scrambling to get a poll out showing a spike in support for their Obama/Biden dream ticket. But so far, silence. That means no bump. Hillary still has a chance in Denver next week.

In fact, Gallup shows McCain up! Can Hillary do anything about it?

It’s official: Barack Obama has received no bounce in voter support out of his selection of Sen. Joe Biden to be his vice presidential running mate.

Gallup Poll Daily tracking from Aug. 23-25, the first three-day period falling entirely after Obama’s Saturday morning vice presidential announcement, shows 46% of national registered voters backing John McCain and 44% supporting Obama, not appreciably different from the previous week’s standing for both candidates. This is the first time since Obama clinched the nomination in early June, though, that McCain has held any kind of advantage over Obama in Gallup Poll Daily tracking.

This will be the first of many terrible years for newspapers

There are no longer any suckers left with deep pockets and the desire to buy newspapers even at fire sale prices.

Last week, Hearst CEO Victor Ganzi abruptly resigned, citing “irreconcilable policy differences” over the future direction of the company.

 

What does he mean by that? Usually executives say “I’m taking time off to spend with my family…”

The New York Times and Business Week reported that the reason for Ganzi to leave a multi-million dollar-a -year, ivory tower position was recent investments and dismal returns in newspapers. He made some bad decisions.

Fortune and Portfolio said no, that was just an obvious-suspect guess and that the conflict was really over something else. Yeah, right.  Becuase Hillary was out of the race, perhaps?

 

Hearst made its last big newspaper acquisition in November 2007, buying the Tribune’s (former Times-Mirror) dailies in the well-heeled Connecticut suburbs of Greenwich and Stamford. Hearst has also signed on to numerous joint ventures with Dean Singleton’s MediaNews (bottom feeders), bought an interest in the company and thus has been poised to take over, should Singleton falter under its heavy debt load. That would be like owning the rights to own Enron in 2006.

This has been the longest, most grueling month for newspapers. Advertising reveue continues to fall like a brick thrown out of the new Hearst building. The editors need to fire the “business side” and get things turned around. That’s the ticket.

How about editors delivering the paper before they come to work in the morning?

The editors may be finding out that their ivory tower positions of filtering only the news that fits their liberal agenda is not viable any more. Each exectutive editor may want to pull their head out of their ass and look around at the massive layoffs.

China and Cuba drilling for oil off Florida’s coast. The Democrats say the U.S. can’t.

Mick Gregory

The Republicans have hit a political gusher. The Democrat/socialists hiding under the friendly Green flag of environmentalism are being exposed today. I predict the Democrats will vote against the issue of drilling off U.S. coasts.

This while Cuba and China begin drilling off the Florida/Cuba shore. They will have their straw in our oil reserve milkshake.

Next, I predict, President Bush will issue an Executive Order opening up drilling.

The coastal reserves are estimated to be 18 billion barrels from 20-year-old studies. That is the short estimate equal to the amount of oil the U.S. would produce in almost 10 years (that’s 3,600 days producing 5 million barrels per day). The coastal reserves are also nearly equal to what some experts believe can be recovered at Anwar Reserve in Alaska. The reserve that the Democrats and Jimmy Carter put under lock and key over 20 years ago as well.

Tonight, look for the new reality show called “Black Gold” syndicated on cable channels across the country on TruTV. It’s a show that drills down into the ongoing oil explorations going on in West Texas today.

The U.S. still has oil! In fact, almost 70 percent of the oil in mature wells, some over 100 years old, is attainable with today’s technology.

The timing is right for U.S. oil industry stocks to rise. Meanwhile, the world market of crude will soon fall to below $100 in my guestimation.

Four major league oil companies are in negotiations for contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein socialized the oil companies and grabbed power.

Exxon Mobil, Shell, Total, BP and Chevron — and a number of oil-service companies, are in talks with Iraq’s Oil Ministry for contracts to service Iraq’s largest fields, according to press releases.

The deals, expected to be announced on June 30, will begin the first commercial work for the major companies in Iraq since Hussein ordered the burning of his country’s oil fields and the start of the Iraq war.

UPDATE: Time to ask why the Democrat Congress doesn’t do anything about the oil crisis.

The percentage of voters who give Congress good or excellent ratings has fallen to single digits for the first time in Rasmussen Reports tracking history. This month, just 9% say Congress is doing a good or excellent job. Most voters (52%) say Congress is doing a poor job, which ties the record high in that dubious category.

The Vampierus Lives! Obama Splits Texas. The Best Little Caucus in Texas.

How many pantsuits does Hillary have in her wardrobe? The cases of extra pantsuits must add up to the amount of trunks in the Barnum and Bailey Circus. What is Hilary’s carbon footprint on her travels and luggage the past six months? Let’s start at least start a pantsuit count. I haven’t seen her wear the same ugly, ’70s pantsuit twice. I start the count at 61, her age.

Hillary Pantsuit Count: Day 61

Mick Gregory

I voted for Obama tonight and helped pick delegates. In our voting district Obama won 7 delegates to Hillary’s 4. Knowing Hillary’s instructions, “take control of the secretary position…” I nominated a nice young woman named CJ, who had an Obama badge on her coat and was sitting at an Obama table at the middle school library.

I also talked a neighbor into being a delegate. The people spoke. We shut down the Clinton machine in our neighborhood anyway.

After all the hype and fawning over the pantsuited presidential candidate, Obama actually won more delegates in Texas. Did you read anything about that in the New York Times, Houston Chronicle or Dallas Morning News?

This was far down a story in today’s WSJ.
On Tuesday, Sen. Clinton won primaries in Texas, Ohio and Rhode Island, while Sen. Obama took Vermont and Texas’s separate caucuses. The Associated Press said Sen. Clinton won at least 185 delegates to Sen. Obama’s 173, for a net gain of just 12 delegates — a total that will shrink as remaining delegates are allocated. Obama campaign manager David Plouffe predicted Sen. Clinton would net between four and 10 delegates, fewer “than we netted out of the state of Idaho.”

The Obama campaign said Sen. Obama emerged from Texas’s unique primary-and-caucus system with at least five more delegates than Sen. Clinton, even though she won the popular vote. That anomaly reflects the party’s rules for allocating delegates proportionate to the candidates’ votes in certain districts.

The fact that Tuesday’s four-state, 370-delegate sweepstakes effectively yielded a draw underscored how difficult it will be for Sen. Clinton to catch Sen. Obama with just over 600 more pledged delegates to be won. That’s why the biggest remaining contest is for superdelegates — or automatic delegates, as the Clinton camp calls them.

Live from Texas: It’s Hillary Rodham Clinton with her back against the wall. Her campaign instructs supporters to ‘take the role of secretary’ in order to control the vote count and the official list of who voted in the Texas caucuses

HOUSTON: This wasn’t the way it was to be for Queen Hillary of the Clinton Court. Obama was to be the lap dog vice president on the Hillary ticket and they should have been making peace on stage. Instead, Obama has charged ahead and is even getting support from Republicans. His campaign has erased a 20 point lead by the Hillary machine in just two weeks and now he leads in Texas and is flush with campaign donations. He’s running full page ads in the Houston Chronicle, San Antonio Express-News and Dallas Morning News. He has a big schedule of ads on cable TV and radio in Texas.

Hillary is trying to pull off another New Hampshire by taking over the Texas caucuses. Look at her instructions to supporters that was leaked to the Dallas Morning News and blasted on the Internet on Politico:
Texas caucuses — constitutional crisis
UPDATE: March 4, 2008, Hillary’s campaign admitted to darkening a photo of Obama, as a normal hue, saturation PhotoShop thechnique. In other words, the racist Clinton machine used a Nazi technique to literally paint Obama darker than he is. Next, in Hillary’s infomercial playing in Houston yesterday, she had a set-up town hall with very few if any blacks in the audience. Instead she had a mix of Latinas, apparent lesbians and elderly women.

What were her solutions? They were more spending programs including full time care givers at the homes of handicapped people. How much will that cost? The sky is the limit.

How many pantsuits does Hillary own? Is anyone keeping count?

The Dallas Morning News gets hold of Clinton caucus “training materials,” in which supporters are instructed to fight for procedural control of caucuses.

The materials say in part, “DO NOT allow the supporter of another candidate to serve in leadership roles.”

It goes on to say, “If our supporters are outnumbered, ask the Temporary Chair if one of our supporters can serve as the Secretary, in the interest of fairness.

“The control of the sign-in sheets and the announcement of the delegates allotted to each candidate are the critical functions of the Chair and Secretary. This is why it is so important that Hillary supporters hold these positions.”

Some of the moments on the ground in Nevada showed how crucial technical control can be, particularly when — there, as expected in Texas — nobody has any idea what the rules are. Really makes you love the caucus process.

It’s right out of Stalin’s playbook. “It’s not who votes; it’s who counts the votes.”

Jasper Texas has the highest percentage of Democrats in Texas

Do you remember the horrible racist killing that occurred in Jasper Texas in 1998? The liberal media blamed George W. Bush as an indirect source. Why? Because he was governor of Texas. It was the horrid beating and dragging death of James Byrd (not related to Democrat Robert Byrd, the former KKK member).

Now the piece of the story that the liberal media, with Dan Rather as the ring leader and the Clintons used for fundraising and attacks on George Bush.

Jasper Texas is totally run by the Democrat party. It is a one party town. They haven’t elected a Republican since the Civil War. How much more of history has been rewritten? People like Bernie Ward, Hillary and Bill Clinton, Barbara Boxer and Al Gore with the unflagging support of the New York Times, got away with rewriting history.

Not today. Not any more with the free and independent Internet.