Newsvine
  • Welcome
  • Help
  • Report Bug
  • Conversation Tracker
  • Your Column
  • Replies
  • Friends
Type Comments Since You Last CheckedArticle Source Last Checked Stop Tracking All Clear Tracking All
Advertise | AdChoices
Log In | Register
Close the Login Panel
Existing users log in below. New users please register for a free account.

New Users:

Existing Users:

E-Mail:
Password:
Forgot Password?
Please enter the e-mail address or domain name you registered with:
E-Mail/Domain:
Back to Login
Log Out
  • Top News
  • Local News
  • World
  • U.S.
  • Sports
  • Politics
  • Tech
  • Entertainment
  • Science
  • Business
  • Health
  • Odd News
  • More
    • Arts
    • Education
    • Environment
    • Fashion
    • History
    • Home & Garden
    • Not News
    • Religion
    • Travel
Visit Col. Jack Jacobs's column >>

COL. JACK JACOBS

Staff
Articles Posted: 200  Links Seeded: 4
Member Since: 5/2008  Last Seen: 5/18/2012

What is Newsvine?

Updated continuously by citizens like you, Newsvine is an instant reflection of what the world is talking about at any given moment.

Get a Free Account
Help
Fun Stuff
  • Your Clippings
  • Leaderboard
  • E-Mail Alerts
  • Top of the Vine
  • Newsvine Live
  • Newsvine Archives
  • The Greenhouse
  • Recommended Articles
  • Wall of Vineness
Put a Seed Newsvine link on your own site

Den of Thieves

Sun Feb 12, 2012 10:56 AM EST
politics, corruption, nancy-pelosi, sec, insider-trading, representative-spencer-bachus
By Col. Jack Jacobs
Advertise | AdChoices

The Washington Post is in the enviable but also complicated position of being at the nexus of political activity. It relies on information from people inside the government, but it is still a newspaper, and it can't risk becoming just an irrelevant cheerleader. However, if it becomes overly critical, it runs the risk of losing access. It's a thin tightrope.

So that is why a couple of recent investigative reports and an editorial are so fascinating, because they are critical of many of the very lawmakers whom the paper needs to cultivate: these investigations highlight unabashed thievery in Congress.

In the wake of reports that Representative Spencer Bachus of Alabama is being investigated for trading his stock portfolio on information not available to the general public, the paper carried an article suggesting that the Securities and Exchange Commission is not diligent about investigating such abuses among legislators because the SEC is supervised by the Congress. Although it isn't all about the money, it is at least partially about the money: annoy too many people in Congress, and you risk receiving inadequate funding for your agency, no matter how noble it is.

But among the most galling of the paper's recent reports is one that highlights abuses that are less complicated: the use of budget "earmarks" that fund specific projects in the states and districts of our legislators in ways that appear to enrich the legislators themselves.**

According to the Post:

     --Representative Kay Granger earmarked nearly $52 million for a project in Fort Worth. Until recently she and her son co-owned a building nearby, and her son is a director of the group in charge of the project.

     --Senator Harry Reid got $21.5 million for a bridge linking a popular resort town to Bulkhead City, Nevada. Reid owns 16 acres of undeveloped land in Bulkhead City.

     --Senator Lisa Murkowski got a $6.9 million project for a road that begins near a piece of property she bought from a friend at a reduced price.

     --Over a period of years, Representative Nancy Pelosi earmarked nearly $50 million for a light rail project that services the area where her husband owns a commercial building.

In all, the article cited 33 different legislators who steered about $300 million to projects that benefitted them personally. Although both Republicans and Democrats have rooted at the trough of avarice, there seems to be a positive correlation between seniority and the dollar value of the graft: the more senior your position, the more money you can steer your way. And the most nauseating thing is that all of it is legal.

Yes, there have been some efforts over the years to eliminate this and other corrupt practices, but they have been middling because Congress seems largely impervious to any public outrage that such revelations generate.  In the case of earmarks, we have heard the ludicrous assertion from Capitol Hill that $300 million isn't very much money. Well, in the giant scheme of things, it certainly isn't, but $300 million, even spread over a period of years, can buy plenty of things more beneficial to the nation than the increased financial well-being of senators and representatives.

Because we want them to focus on minding the nation's business and the welfare of us all, we don't want our elected representatives to be impecunious and constantly worried about themselves and not the country, and so we agree that they should give themselves reasonable wages and benefits. But the Congress makes its own rules, and the quality of the rules is a function of the quality of the people who make them. We're paying top dollar for cut-rate people. 

------------------------------

**http://www.washingtonpost.com/wp-srv/special/capitol-assets/public-projects-private-interests/

 

  • Enjoy this article? Help vote it up the 'Vine.

Back To Top | Front Page

Published to:

  • Col. Jack Jacobs's Column, All of Newsvine
  • Groups: Operation: Hearts and Minds, Veterans & Friends
  • Regions: none
  • Public Discussion (28)
Sparrow-2863685

And this is precisely why the money should stay in the area where it's earned. They fleece us through taxes and enrich themselves at our expense. If you think of a few exponential factors, the expense far exceeds the $300 million. That money goes back into the pockets of big business and the middle class is squeezed when they have to print more money to make up for the losses to the general population. It only postpones the inevitable and puts us further in debt. It is fast becoming a kingdom and we are the pawns. What we seem to forget is that are many more pawns than kings and if we find our common denominator, instead of allowing them to distract us with division, we could overcome tomorrow.

  • 5 votes
Reply#1 - Sun Feb 12, 2012 11:47 AM EST
ryoushi12

Not comment on sparrow, but congradulating the col. on taking an investigation of a REPUBLICAN congressman, and turning it into a petty partisan work of poltical hackmanship.

Great job of partisanship and double standards.

  • 1 vote
#1.1 - Sun Feb 12, 2012 6:22 PM EST
RobPlumley

Harry Reid is a democrat.

    #1.2 - Mon Feb 13, 2012 9:48 AM EST
    Reply
    dbmcc

    The American people hear these things and become more and more synical about their Representatives. When most people are suffering because of the Greed of Wall Street, this type of information is like rubbing salt in the wound.

    • 4 votes
    Reply#2 - Sun Feb 12, 2012 12:52 PM EST
    Chris-382117

    dbmcc

    The American people hear these things and become more and more cynical about their Representatives.

    But we do NOTHING about it. We continue to re-elect the miserable bastards because they stand in front of us and tell us with a straight face, "See all of the wonderful things we got for you from Washington and they didn't cost you anything." Yeah, Right! Just go to West Virginia and take a look around. You will have trouble finding a single highway, bridge, water or sewer project, or private industry that has received a grant that doesn't have "Robert W Byrd Memorial" something in its name.

    I hate to break it to you; It cost somebody something. But we believe them and continue to re-elect Senator Jack S Phogbound from Dogpatch because, as they say:

    "Thar's no Jack S. like our Jack S." (Jackass)

    Don't put all the blame on them. They are doing just what we continue to to tell them to do; get us something for nothing. We put them in there and only we can take them out, but we won't do it because they "Get us all of this free stuff!"

    When most people are suffering because of the Greed of Wall Street, this type of information is like rubbing salt in the wound.

    And who exactly makes it possible for Wall Street to get away with this type of graft and greed? Surprise; it is congress. They are the enablers as long as they get a cut for doing it. Wall Street, Major Banks, Hedge Funds, Contractors, or Major Companies couldn't get away with anything if congress didn't let them do it (for a price). We have degenerated into government by the highest bidder.

    • 3 votes
    #2.1 - Sun Feb 12, 2012 3:47 PM EST
    Reply
    onefan51

    In the wake of reports that Representative Spencer Bachus of Alabama is being investigated for trading his stock portfolio on information not available to the general public, the paper carried an article suggesting that the Securities and Exchange Commission is not diligent about investigating such abuses among legislators because the SEC is supervised by the Congress

    Not only is the SEC supervised by the Congress; Congress controls the SEC'spurse strings. Will the SEC bite the hands that feed it? Voters must abandon their rigid political partisanships and hold each Congressman or woman accountable for honest government. However, I won't hold my breath waiting for this to happen.

    • 3 votes
    Reply#3 - Sun Feb 12, 2012 1:13 PM EST
    markpup

    My understanding is the laws that apply to insider trading don't apply to Congress. Of course what they're doing is grossly immoral, but it's not illegal.

    There was a 60 Minutes special on that 6-7 weeks back. I wasn't aware of the issue before that and I find it shocking. Of course the first move should be to amend the law to make insider trading illegal for elected officials, but that's the fox guarding the henhouse. As far as I know, to date nothing's been done - I'd be interested if anyone has any new information on that.

    It's no wonder the approval rating for Congress is close to single digits.

    • 5 votes
    Reply#4 - Sun Feb 12, 2012 1:56 PM EST
    Pacific Northwest Blogger

    Thank Col Jacobs for keeping this in the headlines and providing additional context on the media's involvement and how they too are effected by insider information and in their own way stay away from or engage in stories that could impact their profitability based on access to those in government.

    What can we do about it?

    • 2 votes
    Reply#5 - Sun Feb 12, 2012 2:10 PM EST
    digcreation

    we can do this

      #5.1 - Sun Feb 12, 2012 2:46 PM EST
      Reply
      digcreation

      take from the poor and give to the rich.

      damn socialists trying to ruin everything with their "progress" and "reform". Don't they know exploitation and graft is what made America great?

      • 2 votes
      Reply#6 - Sun Feb 12, 2012 2:45 PM EST
      1eachBENNIS

      Sir, I seeded a link that you will find interesting.

        Reply#7 - Sun Feb 12, 2012 3:47 PM EST
        caballojoe

        Some of the earmarks cited in the linked article seem to be egregious cases of conflict of interest, others seem much less so. Widening or improving roadways that would incidentally bring about more convenience or even increase the property values in proximity to the projects doesn't seem like graft to me. Legislators need to live somewhere in their own districts, and the idea that roadways that are proximate to their homes must remain unimproved during their term in office doesn't make any sense either. The benefits to legislators or their family members with commercial and investment properties, however, is starting to smack of graft and corruption.

        If there aren't already rules in place covering such conflicts of interest, there is a need to put them in place now. All conflicts and potential conflicts should be disclosed early on in the legislative process. Just as attorneys are charged with avoiding not just impropiety, but even the appearance of impropiety, legislators and legislation should be subject to strict review and discipline. The first conflict that should be eliminated is the one where Congress is self-policing. I would propose an independent board or commision made up of lay citizens who could review all disclosures before the fact and discipline non-disclosure after the fact. Now, how do we get a legislator to sponsor such a bill?

        • 2 votes
        Reply#8 - Sun Feb 12, 2012 4:28 PM EST
        Socrates1

        As I believe others have suggested, smaller government would go a long way towards ending these kinds of corrupt practices.

        You can't change people. You must change the system.

          Reply#9 - Sun Feb 12, 2012 5:31 PM EST
          Better Careful

          How are we going to cut down on the number of Representatives and Senators. Would you suggest going to one Senator per State, and cutting the number of Representatives by half? Or 2/3's? The opportunities for corruption would decrease, but I don't think this is going to happen.

          • 2 votes
          #9.1 - Sun Feb 12, 2012 8:45 PM EST
          markpup

          Smaller government might decrease government corruption, but increase corruption outside of it.

          The whole purpose of government such that it is - is to protect ourselves against our own worst excesses.

          • 2 votes
          #9.2 - Sun Feb 12, 2012 9:00 PM EST
          Better Careful

          I want my (democratic, representative) government to also protect me from the very people who insist that my government not protect me from them. Those people do not want me, and you, vulnerable because they have high regard for our welfare.

          • 2 votes
          #9.3 - Sun Feb 12, 2012 9:47 PM EST
          Socrates1

          "We" aren't going to cut down on the number of Senators or Representatives.

          "We" are going to cut down on their power to distribute money they collect from the citizenry.

          The bigger the government, the more corrupt it is, and the less it cares about the little guy.

          • 1 vote
          #9.4 - Mon Feb 13, 2012 3:06 AM EST
          Reply
          mstanley2265

          The Real Answer......Term Limits for Congress...

          • 2 votes
          Reply#10 - Sun Feb 12, 2012 8:13 PM EST
          Better Careful

          Our government is corrupt. Our elected politicians have ceased to represent us. Their focus is on themselves and those who spend $Billions a year to corrupt them, and our democracy.

          I challenge anyone on Newsvine to provide just one example in world history where a nation with a corrupt government did not decline into poverty for everyone, and where the people did not, eventually, rise up in revolt. I challenge anybody to provide an example of a nation with a corrupt government where freedom and prosperity for the huge majority of the population did not decline into hopelessness and despair. I've taken this challenge, and have not been able to provide one instance where this rot and decline did not occur.

          The USA is quickly becoming a second-rate nation. Our nation has become fascist along the way. This is not going to end well; the fascists have the money and the power, and a willingness to get very nasty with us. We have the numbers, and the shreds of a democracy. What will the fascists do to us to keep their power, and strangle-hold on our democracy and nation? Already the talk is turning violent on Fox and on hate radio. Already they're ratcheting up their rhetoric toward confrontation.

          As lame as it seems, our best chance to resolve this is to bring shame on the corrupt. How might we go about that?

          • 2 votes
          Reply#11 - Sun Feb 12, 2012 8:55 PM EST
          mstanley2265

          Term Limits...some of the Congressional people stay for 30 plus years. It is the how and why they lose touch with the people that elect them.

          • 3 votes
          #11.1 - Sun Feb 12, 2012 8:56 PM EST
          Better Careful

          No, I want to keep the good ones, and get rid of the bad ones. Term limits tosses out the good with the bad. And with a corrupt system, the corrupters will merely install more of the corrupt, and there won't be any good ones at all left to provide an iota of balance.

          How do we bring shame into Congress, so that it's no longer necessary and desirable to become corrupt? How do we make it impossible to be a corrupt politician?

          Or does the entire system, and nation, have to disintegrate first?

          • 2 votes
          #11.2 - Sun Feb 12, 2012 9:10 PM EST
          mstanley2265

          Term limits because even the 'good' ones lose touch. There is a Lot of power vested in Congress, with no term limits ....the attraction of money to get reelected term after term is too big to resist. Congressional people are human, they make errors in judgement as we all do. Better term limits and less money in politics.

          • 2 votes
          #11.3 - Sun Feb 12, 2012 9:12 PM EST
          Better Careful

          A good one gone bad is a bad one. That's pretty simple.

          • 2 votes
          #11.4 - Sun Feb 12, 2012 9:14 PM EST
          mstanley2265

          Money corrupts, power corrupts, money plus power corrupts even more so...It is the why I have always said...Term Limits for Congress.

          There are different ways for a good person to go 'bad' for instance thinking that what they are doing is 'best' rather than maybe not so good. It bedevils even the smartest and best of politicians.

          Consider the 'battle' between Senator Reid and Senator McConnell. It's been ongoing for about 30 years. Senator McConnell rather rightly or wrongly believed his wife was having an affair with Senator Reid back in the day, or so that old gossip went. It added to the diametrically opposite ways they had in governing. So it became 'personal'. With Term Limits that part of the equation, 'personal' would be resolved. DC is well known for different 'personal' conflicts since the start of even Writing the Constitution.

          May 16, 1777: Button Gwinnett, signer of the Declaration of Independence, dueled his political opponent Lachlan McIntosh; both were wounded, Gwinnett died three days later.

          They've had fist fights too, but decorum has ruled the day, well except for that jerk who yelled Liar at President Obama.

          • 3 votes
          #11.5 - Sun Feb 12, 2012 9:34 PM EST
          Better Careful

          How will term limits stop corruption? How will we stop corruption but through moral authority? The rich and powerful, those who corrupt, will actually benefit from term limits. Our government will become more corrupt when the money of the corrupters becomes more and more important. Democracy, and moral authority, is the way out of this mess.

          I think that over time, term limits will only serve to keep down the bribes and payments the corrupters pay to corrupt our democracy. They'll simply get more for their money.

          If Mr. Smith went to Washington today, he'd be shot.

            #11.6 - Sun Feb 12, 2012 9:42 PM EST
            mstanley2265

            There are the ethics laws, one just recently passed by Congress concerning insider trading, several have found themselves on the wrong side of the ethics committee. I feel strongly though that Term Limits would be in addition to the Ethics committee's in the Senate and House.

            Just as it has worked by setting two term limits for a US President, . It puts at arms length those that are elected from forming too many 'cozy' relationships with companies or with their state parties.

            • 2 votes
            #11.7 - Sun Feb 12, 2012 9:48 PM EST
            Chris-382117

            Better Careful

            No, I want to keep the good ones, and get rid of the bad ones.

            And what exactly defines a "good one" in your eyes? Is it one that brings home to you all of those wonderful things that you want for free from the government and all those "other" states? That is what West Virginia thought was the definition of "good" when they continued to re-elect Robert Byrd to congress for the bast part of 60 years. Wasn't Pennsylvania's idea of "Good" John Murtha when he got all of those earmark military contract jobs for his district? Is that why they re-elected him to congress for 36 years?

            What would your definition of "good" be, exactly? Would your definition of good be someone that would take everything from the "Rich" ("Rich" being anyone that has 2 nickles more than you) and redistributing it around to everyone (as long as you got your share of the proceeds)? Or perhaps it would be someone that supported the formation an all powerful government uber alles that would enforce your definition of "right and fair" upon the populous at large with the power of thumbscrew to enforce it? After all, you and yours are the only ones that have the moral authority to know what right and fair is. Such reasoning is above we mere mortals.

            It's all in your perspective. Term limits would at least limit how long the corrupt could serve themselves in Washington.

            • 2 votes
            #11.8 - Sun Feb 12, 2012 11:01 PM EST
            Better Careful

            It's not difficult to determine if a politician is acting in the public interest or his own, or those of a crony. Not if you're able to think for yourself, that is. Simply use your built-in bull@!$%# detector and analytical skills. If the politician is bull@!$%#ting, we know immediately to look deeper and know, too, that things are most likely the opposite of what the politician says. It's not difficult, either, to weigh the politicians words, proposals, and policies to see if they will benefit all our interests, or just those of an individual or group.

            We can, unfortunately, reasonable assume that all our politicians are guilty of corruption until proven innocent. I have two here from Connecticut I trust not to be corrupt, on the Federal level. Even them I watch carefully.

            I understand the attraction of term limits. I cannot see, however, how term limits will stop corruption. Explain to us how that might work. We have recently seen an entire new crop of pre-bought politicians enter Congress; elections, and politicians, can be bought at any time. Pre-buying politicians, at a much reduced price, will be the result of term limits, I am quite sure.

            The way to stop corruption is through moral suasion on the part of the citizenry. Shame is our best tool.

              #11.9 - Mon Feb 13, 2012 7:06 AM EST
              Reply
              Leave a Comment:
              You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
              You're in XHTML Mode. If you prefer, you can use Easy Mode instead.
              (XHTML tags allowed - a,b,blockquote,br,code,dd,dl,dt,del,em,h2,h3,h4,i,ins,li,ol,p,pre,q,strong,ul)
              Newsvine Privacy Statement
              As a new user, you may notice a few temporary content restrictions. Click here for more info.
              FUN STUFF:
              • Leaderboard |
              • E-Mail Alerts |
              • Top of the Vine |
              • Newsvine Live |
              • Newsvine Archives |
              • The Greenhouse |
              COMPANY STUFF:
              • Code of Honor |
              • Company Info |
              • Contact Us |
              • Jobs |
              • User Agreement |
              • Privacy Policy |
              • About our ads
              LEGAL STUFF:
              • © 2005-2012 Newsvine, Inc. |
              • Newsvine® is a registered trademark of Newsvine, Inc. |
              • Newsvine is a property of msnbc.com