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Archive for the ‘Independent Expenditure’

Club for Growth Supports Joe Walsh in 14th Congressional District

July 27, 2011 By: Cal Skinner Category: Club for Growth, Endorsement, Independent Expenditure, Joe Walsh, Randy Hultgren

Both freshmen Congressmen Joe Walsh and Randy Hultgren live in the 14th Congressional District.  It is possible they will face off in next year’s Republican primary election.  This press release from the Club for Growth PAC indicates on political action committee has come down on Walsh’s side:

Club for Growth PAC Will Support Joe Walsh In IL-14

Club for Growth President Chris Chocola:

“Congressman Walsh has distinguished himself as a pro-growth leader.”

Washington, DC – The Club for Growth PAC announced today that if the current congressional district lines as drawn by the Democrats in Illinois survive a court challenge, then it will enthusiastically support Congressman Joe Walsh (R-IL-08) in the new 14th Congressional District of Illinois.

The Club for Growth's endorsement of Joe Walsh has been given, but its web site has not been updated to reflect it. Walsh is apparently the first House member to gain the political action committee's support.

“In less than a year, Congressman Walsh has distinguished himself as a pro-growth leader,” said Club for Growth President Chris Chocola.

“We have no doubt that Congressman Walsh will continue to be a fighter for free markets and economic growth in Congress. If the district lines in Illinois as passed by the Democrats end up being upheld, then Club for Growth PAC will enthusiastically support Congressman Walsh for re-election in the 14th Congressional District.”

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I note at the bottom of the press release is the following:

I think this means that the Club for Growth wmay make independent expenditures on Joe Walsh's behalf.

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In response to the announcement above, Congressman Walsh issued the following statement:

Joe Walsh

Earlier today The Club For Growth, which is one of the most influential conservative groups in the country came out and strongly endorsed Congressman Joe Walsh for re-election.

In response to the endorsement, Congressman Walsh stated that “I am honored to be endorsed by the Club for Growth, a group with a proven track record of promoting free market and pro-growth principles”"This endorsement just further validates that what I have done here in these 6 months has been the right thing. Fighting for small businesses, smaller government, and lower taxes are my main priorities, and I will continue to be a strong outspoken advocate for those issues”

Would Any Congressman or Congresswoman Want No Income Verification, No Down Payment Mortgages to Be Public Policy?

August 07, 2010 By: Cal Skinner Category: Barney Frank, Bill Clinton, David McSweeney, Independent Expenditure, Melissa Bean, Mortgage Crisis, National Association of Realtors PAC

People sometimes wonder how the gigantic mortgage mess got created in the first place?

My CPA gave me a article in October, 2008, pinning, to my satisfaction, the responsibility on the Bill Clinton administration.

People say no Congressman or Congresswoman would want to keep in place a self-destructive mess?

Oh, really?

Maybe they think, the tooth fairy is to blame for driving Illinois broke for years.

Not leaving enough money under the pillow?

Dems like Jack Franks and Melissa Bean knew who they were getting for governor when they twice supported Rod Blagojevich’s running Illinois government.

Melissa Bean receiving an award at the March 2008 McHenry County Economic Development Commission banquet from McHenry County College President Walt Packard.

Bean is on the U.S. House Financial Services Committee.

That’s the one Barney Frank chairs.

She could have done something about the mortgage crisis.

She was in the right place at the right time.

But how was Melissa Bean influenced after she took office and got that plum fund raising appointment?

Was she looking the other way and supporting a disastrous housing financing plan for the country that encouraged people to get mortgages they couldn’t possibly repay?

It’s easy to briefly sum it up.

All you do is have to look at who was paying for keeping the mortgage spigot open for no income verification, no down payment mortgages.

Some evidence is on the Federal Election Commission website under political contributions:

NATIONAL ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE 10/11/2006 – $191,700

NATIONAL ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE 10/13/2006 – $272,968

These two add up to $464,668. They were “independent expenditures” on behalf of Bean’s election.

Should supporters of Bean’s GOP foe Joe Walsh expect a similar onslaught?

It’s a way around the severe limits on campaign contributions made directly to a candidate.

The purpose is the same:

Get Bean elected.

No one should be surprised that the “financial reform” ballyhooed about by Bean and President Obama omitted any reforms of Freddie Mac or Fannie Mae.

None.

Zero.

Zilch.

Bean’s receiving $465,000 of support for 2006 her election against David McSweeney was simply huge.

At that point if Bean wasn’t being bought and paid for, she was up for a long-term rental.

Those on the inside of mortgage banking knew what it meant when banks weren’t allowed to verify that each borrower had a valid social security number.

Think about it.

What group of people don’t have valid social security numbers?

Then thank Melissa I’m-so-caring Bean for letting abuses continue to happen in the mortgage market.

Bean’s been on the job for six years.

The mortgage meltdown was on her watch, even if she was looking the other way or just keeping her eyes closed.

You can expect Bean to apologize for the mortgage housing debacle about as soon as Blago is going to apologize for being lower than snail slime.

He proclaims “innocence” and Bean pretends to accept no blame pretending to be Miss Innocent Eyes.

Her political advisers should be telling her how “Yes, Dear,” husband might accept that kind of blameless bull, but it’s a bad bet that voters will.