Monthly Archives: September 2012

Obama and GE pay to play politics, General Electric high profits low US taxes, 24.9 Million stimulus money cut 18000 US jobs, Rezko loans from GE Capital

Posted on September 15, 2012 | 15 comments

Obama and GE pay to play politics, General Electric high profits low US taxes, 24.9 Million stimulus money cut 18000 US jobs, Rezko loans from GE Capital

“Citizen Wells, we bring bad things to light”…Citizen Wells

“Why did Mutual Bank fire whistleblower Kenneth J Connor after he
challenged the appraisal on the land purchased by Rita Rezko, just
prior to the land sale to Obama?”…Citizen Wells

“Why did the Rezkos enter into an agreement to purchase the lot next to the Obama house and pay the asking price of $ 625,000 at a time when they were broke and heavily in debt?”…Citizen Wells

From CNS News October 11, 2010.

“The Obama administration gave corporate giant General Electric—the parent company of NBC–$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov.

Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report.

According to Standard & Poor’s, GE took in $156 billion in revenue in 2009.

GE was the primary recipient of 14 stimulus grants, a spokeswoman for Recovery.gov confirmed to CNSNews.com. These 14 grants provided GE with $24.9 million in tax dollars. On four additional stimulus grants, the primary recipient of the federal money hired GE as a contractor. Recovery.gov is the administration’s website that tracks stimulus expenditures.

At the end of 2008, GE employed 152,000 U.S. workers, according to its 2009 annual report. But at the end of 2009, according to the report, it employed only 134,000 U.S. workers, a decline of 18,000 workers.

The Energy Department provided GE with 9 stimulus grants, the Department of Health and Human Services provided the company with 3, and the Justice Department and the Commerce Department each gave the company 1 stimulus grant.

All of these federal stimulus grants went to GE’s Global Research Center.

The earliest of the stimulus grants went to GE in July 2009 and the latest in April 2010.

CNSNews.com asked a GE spokesperson if the company contested Recovery.gov’s representation that GE had received 14 stimulus grants worth $24.9 million, and also whether the company now employed more or fewer workers as a result of receiving the grants.

In an e-mail response, GE spokeswoman Anne Eisele said, “I’m afraid I must politely decline to comment.”

What did all the money to GE go for? Recovery.gov posts brief explanations of each grant. For example, the Department of Justice gave GE $999,955 in stimulus money. “The goal of this program,” said Recovery.gov, “is to develop a comprehensive reasoning system for event and scenario recognition for an intelligent video system.”

In addition to the $24.9 million it received in stimulus grants, GE was also awarded $5 million in federal contracts under the economic stimulus law. These contracts were payment for services provided by the company.”

http://cnsnews.com/news/article/obama-administration-gave-general-electric-parent-company-nbc-249-million-stimulus

Interesting.

I saved this article a few hours ago. I now get this:

“Parse error: syntax error, unexpected ‘=’, expecting ‘)’ in /cluster/www_system/www/v2.cnsnews.com/public_html/sites/default/settings.php on line 216”

A search on the link yields:

Obama Administration Gave General Electric—Parent … – CNS News

cnsnews.com › News

Oct 11, 2010 – health care-obama. President Barack Obama and Vice President Joe Biden react to cheers as they arrive in the East Room of the White House …

You’ve visited this page 3 times. Last visit: 9/15/12
That wasn’t supposed to be part of this story. It just happened.
Seems like Obama really likes GE.
From NewsMax March 23, 2011.

“General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness.
Before that, Immelt was on Obama’s Economic Recovery Advisory Board.

He’s also a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?)

“Jeff Immelt is perhaps the CEO who is most cozy with President Obama,” says journalist Tim Carney. “General Electric is structuring their business around
where government is going . . . high-speed rail, solar, wind. GE is lining up to get what government is handing out.””

http://www.newsmax.com/Stossel/Obama-GeneralElectric-CorporateWelfare-Immelt/2011/03/23/id/390486

From Hot Air March 25, 2011.

“What a coincidence! I’m sure that GE’s ability to generate $14.2 billion in profits, $5.1 billion in the US, and end up getting back $3.2 billion from
taxpayers has nothing at all to do with its political connections and favorable tax breaks and loopholes it has pushed through Congress.”

http://hotair.com/archives/2011/03/25/obamas-favorite-ceo-gets-ge-out-from-paying-any-us-taxes/

What a coincidence! Tony Rezko likes GE too.

General Electric Capital Corporation

“Company Description

General Electric Capital (GE Capital) encompasses the financing operations of sprawling conglomerate General Electric. The group’s five segments provide
commercial loans and leases, consumer loans and credit cards, and real estate financing services around the world. GE Capital’s largest segments are
commercial lending and leasing and consumer lending, which together account for about 80% of revenues. Its GE Commercial Aviation Services specialist segment leases commercial aircraft, while its energy financial services segment provides project funding for customers in the energy and water sectors. GE Capital is active in more than 50 countries but does most of its business in the US and Europe.”

http://www.hoovers.com/company/General_Electric_Capital_Corporation/hchhri-1.html

From the Tony Rezko Indictment Press Release, October 11, 2006.

“The second indictment alleges that Rezko fraudulently obtained more than $10 million in loans for a pizza restaurant business from General Electric Capital Corp. (GECC) and also defrauded investors in that business.”

“The loan fraud indictment, which charges only Rezko, alleges that he fraudulently caused GECC to extend more than $10 million in loans to finance what Rezko portrayed as sales of two different groups of pizza restaurants in the Chicago and Milwaukee areas. In fact, the indictment alleges, the sales were sham transactions that occurred at inflated prices, and involved the presentation of false financial information to GECC. The indictment alleges that in addition to defrauding GECC, Rezko defrauded investors in his pizza business by concealing the fact that he was transferring the company’s assets to himself and a straw purchaser.”

““This indictment describes a frenzy of corrupt scheming, particularly in April and May 2004, in which political insiders sought to manipulate the activities of two state boards to fleece investment firms and individuals. The defendants and their associates put the word out loud and clear: you have to pay to play in Illinois,” Mr. Fitzgerald said.”

“The indictment alleges that Rezko and his co-schemers fraudulently obtained a $4.5 million loan from GECC in March 2001 to finance the purchase of the Milwaukee stores by a straw purchaser and his company at an inflated price, and through the submission of fraudulent documents, including false financial statements about the condition of the pizza stores.”

“The indictment alleges that Rezko and his co-schemers made similar fraudulent representations to obtain a $6 million loan from GECC in October 2001 in connection with Rezko’s sale of the Chicago area pizza restaurants from Rezko Enterprises to his own company, Chicago PJ LLC. After closing on the loan for the Chicago stores, the loan became delinquent, and Rezko caused additional false financial information to be submitted to GECC in asking for forebearance on the default.”

From the San Francisco Chronicle March 3, 2008.

“Obama, a Democrat, is not part of the case against Rezko, who is accused of shaking down companies seeking business with the state of Illinois. Obama has
conceded it was a mistake to bring Rezko into his personal real estate dealings, although he has insisted there was nothing unusual about the developer
deciding to buy a sought-after lot in an upscale neighborhood. But a review of court records, including new details of Rezko’s finances that have emerged
recently, show that the lot purchase occurred as he was being pursued by creditors seeking more than $10 million, deepening the mystery of why he would plunge into a real estate investment whose biggest beneficiary appears to have been Obama.

Dodging creditors

As Obama and Rezko were completing the property purchases in June 2005, Rezko was fighting to keep lenders and investors at bay over defaulted loans and
failing business ventures. But he sidestepped that financial dragnet by arranging for the land to be purchased in his wife’s name, making it the only
property she owned by herself, according to land records.

As a result, when Obama and his wife, Michelle, bought a portion of the land from Rezko seven months later to widen their yard, the money they paid was
beyond the reach of Rezko’s creditors, including one conducting a court-ordered hunt for his assets to recover a $3.5 million debt.

Two lawyers involved in the civil litigation against Rezko said they believed that the property was subject to possible seizure on the premise that Rezko had
been trying to hide behind his wife, Rita, who had little money of her own to complete the $625,000 purchase.

The lawyers, both of whom requested anonymity because they did not have their clients’ permission to speak about the cases, said there was little purpose in
pursuing it because the legal costs would have outweighed the value of the property, which was encumbered by a $500,000 mortgage.”

“Federal prosecutors recently filed papers saying Rezko had trouble paying creditors for years. At least 12 lawsuits had been filed against Rezko and his
businesses from November 2002 to January 2005, including one by GE Commercial Finance Corp., which had extended more than $5 million in loans for Rezko’s pizza franchises.

GE obtained a court judgment against Rezko in November 2004 for the $3.5 million it said was outstanding on its loans, but the company put collection efforts on hold during the first half of 2005 as it negotiated with Rezko, court records show. When the Obamas and Rezkos bought their adjacent parcels that June, Rezko’s wife, Rita, put down $125,000 in cash and financed the rest with a bank loan.”

http://www.sfgate.com/realestate/article/Obama-could-feel-heat-from-developer-s-trial-3292768.php

Obama and Rezko like GE, especially in 2005.
More to come.
Citizen Wells, we bring bad things to light.

15 Comments

Posted in 2009 Stimulus Bill, Barack Obama, Bribes, Chicago, Citizen News, Citizens for the truth about Obama, CitizenWells, corruption, FBI, fraud, Illinois, Kenneth J Conner, Lies, News, Obama, Obama lies, Obama Nation, Obama records, Obama thugs, Patrick Fitzgerald, Pay to play politics, Rezko, The Case Against Barack Obama, Tony Rezko, US Department of Justice, Washington DC, white house

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Obama facts September 14, 2012, Rezko for Radicals Kenneth J Conner Qui Tam lawsuit against Mutual Bank personnel, Amrish Mahajan et al

Posted on September 14, 2012 | 53 comments

Obama facts September 14, 2012, Rezko for Radicals Kenneth J Conner Qui Tam lawsuit against Mutual Bank personnel, Amrish Mahajan et al

“Because I tend to rely on evidence and not on hearsay, I believe we should focus our attention on Amrish Mahajan and the Mutual Bank of Harvey, not on Giannoulias and the Broadway Bank, if we are to assign names to the financial institution about which Sneed of the Chicago Sun-Times has heard “rumblings.” Although Mahajan is not known to readers of No Quarter and to the national media, I imagine they will desire more information on the unscrupulous banker once they read the information I unpack below the fold. And yes, Obama is involved, deeply involved.”…Truthteller, NoQuarterUSA October 12, 2008

“Why did Mutual Bank fire whistleblower Kenneth J Connor after he
challenged the appraisal on the land purchased by Rita Rezko, just
prior to the land sale to Obama?”…Citizen Wells

“Why did the Rezkos enter into an agreement to purchase the lot next to the Obama house and pay the asking price of $ 625,000 at a time when they were broke and heavily in debt?”…Citizen Wells

The economy is in shambles, there are numerous diversions in the Middle East and in the election campaigns, Tony Rezko is in prison, the appeal of Rod Blagojevich has been delayed by the US Justice Dept. Obama thinks he has it made.

Not on my watch.

Kenneth J. Conner has a new book coming out, “Rezko for Radicals” and has a Qui Tam Lawsuit against the officers, directors and employees of Mutual Bank of Harvey, Adams Valuation Corp., et al. Citizen Wells will continue to keep these stories alive.

I have much respect and appreciation for sites like No Quarter USA which were investigating and reporting the truth about Obama when many were asleep or doing their best to hide this information.

From No Quarter USA October 12, 2008.

“About the Financial Institution Mentioned in the Sun-Times: Obama, Tony Rezko, Amrish Mahajan, the Kenwood Mansion & Rita Rezko”

“Mike Robinson’s AP article entitled “Obama Fundraiser, Convicted of Fraud, Spills Beans,” corroborates what we at No Quarter have been writing for weeks:Antoin “Tony” Rezko is cooperating with federal prosecutors interested in Barack Obama. While the national media’s attention to this topic is long overdue, I am not prepared to state that it is too little, too late. I am, however, disappointed.

Also disappointing but somewhat predictable is the blogosphere’s bungled reception of Mike Robinson’s article. Of course those who have embraced Obamawill dismiss the story as so much yellow journalism. One blogger claims that prosecutors are interested in Blagojevich and not Obama. But looming in the blind spot of that blogger’s necessarily tendentious gaze is Rezko’s 9 JUN 2008 letter to Judge Amy St. Eve and the reference to Obama as “Individual D” in the superseding indictment and the proffer of evidence filed by Fitzgerald and his prosecutors during the Rezko trial. Obama’s name can be printed again and again on the surface of the legal documents filed during the proceedings of the Rezko trial, but these writers with all their “naked” insight will clothe the verifiable record with their blindness. Knowledge production, it seems, has been lifted from its evidentiary supports when Democrats write about Barack Obama and Antoin “Tony” Rezko.

And yes, those Democrats include some ostensible Hillary Clinton Democrats. Seizing upon the following quotation in a Chicago Sun-Times column, one blogger believes the AP story heralds the end of the political careers of Alexi Giannoulias and Barack Obama:

Sneed hears rumbles political fund-raiser/fixer Tony Rezko, who is now singing sweetly to the feds from his cell at the Metropolitan Correctional Center, has been talking about his “dealings” with a Chicago bank, which has political connections.

Stay tuned.

While Rezko was a customer of Alexi Giannoulias’s Broadway Bank, where he amassed a debt of $450,000 after writing bad checks at Las Vegas casinos, and while Giannoulias did write loans for Rezko, I do not believe one can aver with the confidence of the blogger I cite above that federal prosecutors are now focusing on Giannoulias, even if Giannoulias was tied to Rezko by his opponent during his 2006 bid for the office of Illinois state Treasurer. Allow me to be clear: Obama bundler, mobster banker and Obama protégé Giannoulias is, to be sure, embroiled in the Rezko scandal and in other aspects of Chicago politics any political observer would find unsavory, but he is not in my opinion the topic of the conservation occurring between Rezko, Rezko’s attorney and Fitzgerald’s team of prosecutors. I do admit he is grist for the mill of impetuous bloggers who desire web traffic and a controversial headline or two, however. Because I tend to rely on evidence and not on hearsay, I believe we should focus our attention on Amrish Mahajan and the Mutual Bank of Harvey, not on Giannoulias and the Broadway Bank, if we are to assign names to the financial institution about which Sneed of the Chicago Sun-Timeshas heard “rumblings.” Although Mahajan is not known to readers ofNo Quarter and to the national media, I imagine they will desire more information on the unscrupulous banker once they read the information I unpack below the fold. And yes, Obama is involved, deeply involved.

harvey.jpg

My interest in Amrish Mahajan and the Mutual Bank of Harvey was picqued by this list of contributors in Rezko’s bundling network provided by the Chicago Sun-Times last March. View the second page of the document, and notice the following entry:

Last name First name Obama donations Rezko connection
Mahajan Amrish $2,500 Banker whose bank loaned money to Rezko companies. The bank also loaned Rezko’s wife money to buy a vacant lot next to Obama’s home.

The data available in the Sun-Times spreadsheet is corroborated by the following data, which is democratically available at the Federal Election Commission‘s website:

MAHAJAN, AMRISH
CHICAGO, IL 60607
MUTUAL BANK

OBAMA, BARACK
VIA OBAMA FOR ILLINOIS INC
12/20/2003 500.00 24020030170
04/14/2004 1000.00 24020461757

Not only was Mahajan a member of Rezko’s bundling network; his bank, the Mutual Bank of Harvey, granted Rita Rezko the $500,000 mortgage she neededin order to purchase the lot on which the Obama mansion in Chicago sits. As many of you may recall, the Obamas could not have purchased the mansion they could not afford unless transactions for the mansion and the lot closed on the same day. Obama needed to locate someone who would buy the lot, and he approached Rezko, the convicted slumlord with whom Obama toured the property before they mutually agreed to the following arrangement:

The home and lot sales closed on June 15, 2005. A land trust controlled by the Obamas bought the house for $1.65 million, and the Obamas secured a $1.32 million mortgage from Northern Trust to complete that purchase. That same day, Rezko’s wife, Rita Rezko, bought the side lot for $625,000. A $37,000- a-year Cook County employee, she secured a $500,000 mortgage from Mutual Bank of Harvey.

The structure of this transaction begs the following question: What bank would lend a government employee who earns $37,000 per annum a $500,000 mortgage? What bank would assume such a risk?

The Mutual Bank of Harvey, of course, for the Mutual Bank of Harvey’s President is a man who is deeply connected to the Chicago machine that backed Barack Obama. Indeed, Amrish Mahajan was one of Mayor Daley’s first political appointments in 1989, when he was named to a seat on Chicago’s Plan Commission, where he would be joined by Obama’s former boss and Rezko’s business partner Allison Davis and by Valerie Jarrett, Daley’s Chief of Staff whochaired the Commission from 1991-1995. Mahajan, in other words, worked with those who devised and profited from Daley’s failed public housing experiment in Chicago, a public housing policy Obama helped fund as state Senator and US Senator.

Rezko, according to the Boston Globe, was one of the major beneficiaries of Obama’s legislative advocacy for funding of Daley’s public housing experiment. Other major beneficiaries are Jarrett and Allison Davis. Mahajan was also a beneficiary, for his bank had made $3.4 million dollars in loans to Tony Rezko’s slum landlord business since 2002. A banker for one of the slumlords who benefitted from the Daley housing program Obama helped bankroll, Mahajan was returning a favor when he wrote a $500,000 mortgage in 2005 for the wife of one of his clients. Although Tony’s financial problems were mounting in 2005, and although Rita earned only $35,000 per annum, Mahajan underwrote the mortgage. Favors must be reciprocated, I guess, especially when one can satisfy two parties at once: the person with whom one has a complicated relationship in real estate and the politician who helped finance that complicated relationship as state Senator and US Senator.

I doubt federal investigators are interested in the Mahajans solely for their involvement in the property deal involving Obama, Mahajan and the Rezkos. The Mahajans, I believe, are the foci of their probe for many reasons.

The real estate transaction involving Rita Rezko, the Obamas and Mutual Bank of Harvey is just the tip of the iceberg. Indeed, the Mutual Bank of Harvey seems to be at the center of all the corruption in Chicago. To quote former Donald Perillo, Chicago insurance mogul and son of the lawyer for Al Capone, in the Chicago Tribune article I cite above:

Donald Parrillo said he isn’t surprised to see Mahajan mix it up with politics and business. “He got that attitude from the Parrillo family,” the former alderman said. “He wanted to get in the game.”

And Mahajan certainly is in the game. The banker of the Chicago machine, he is also the man who wrote the mortgage for Rita Rezko that facilitated Obama’s purchase the mansion he could not afford. This is why I believe prosecutors are interested in Harvey Mutual Bank. Not only did Rezko receive loans from this institution; this bank is heavily involved in problematic real estate dealings involving Blagojevich and Obama. And if I may quote Rezko in the 9 JUN letter he wrote to Judge Amy St. Eve:

Your Honor, the prosecutors have been overzealous in pursuing a crime that never happened. They are pressuring me to tell them the “wrong” things that I supposedly know aboutGovernor Blagojevich and Senator Obama. I have never been party to any wrongdoing that involved the Governor or the Senator. I will never fabricate lies about anyone else for selfish purposes. I will take what comes my way, but I will never hurt innocent people. I am not Levine, Loren, Mahru , or Winter.”

Rezko is now talking, and prosecutors are presently interested in a politically connected financial institution. I bet Obama now regrets paying Rita Rezko $104,500 for the strip of the land in the lot on which his house sits in January 2006. Acquired with the assistance of a questionable $500,000 mortgage from Amrish Mahajan’s Mutual Bank of Harvey, this lot and Obama’s desire to expand his yard by bit was the catalyst for all the investigative reports into Obama’s deep ties to Rezko. By the way, Rita’s lot is only accessible through the front gate of Obama’s home; it is not a separate property, and it was never intended to be a separate property.

“It was a mistake to have been engaged with him at all in this or any other personal business dealing that would allow him, or anyone else, to believe that he had done me a favor,” Obama says of the real estate transactions with Rezko. I wonder if now he also believes it was a mistake for him to serve as the legislator who represented and bankrolled Richard Daley, Amrish Mahajan, Valerie Jarrett, Allison Davis and the Chicago Plan Commission. But at least he and Michelle have a house, a house the Mutual Bank of Harvey, the politically connected bank that wrote loans for Rezko, helped them procure in 2005. Too bad that house will be the end of Barack Obama.

obama-home.jpg

—————————————————-”

http://www.noquarterusa.net/blog/5382/about-the-financial-institution-mentioned-in-the-sun-times-obama-tony-rezko-amrish-mahajan-the-kenwood-mansion-rita-rezko/

53 Comments

Posted in Barack Obama, Blagojevich, Chicago, Citizen News, Citizens for the truth about Obama, CitizenWells, corruption, Crime, Election 2012, FBI, FDIC, Federal Court, fraud, Illinois, Lies, News, No Quarter, Obama, Obama lies, Obama Nation, Obama records, Obama thugs, Patrick Fitzgerald, Pay to play politics, Rezko, The Case Against Barack Obama, Tony Rezko, US Department of Justice, Washington DC, white house

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Catholic church don’t vote for Obama, St. Raphael Catholic Church El Paso, Americans United for the Separation of Church and State IRS complaint, Bulletin recension

Posted on September 13, 2012 | 77 comments

Catholic church don’t vote for Obama, St. Raphael Catholic Church El Paso, Americans United for the Separation of Church and State IRS complaint, Bulletin recension

“Führer, my Führer, give me by God. Protect and preserve my life for long. You saved Germany in time of need. I thank you for my daily bread. Be with me for a long time, do not leave me, Führer, my Führer, my faith, my light, Hail to my Führer!”…Recited by Hitler youth

“Red and Yellow Black and White, all are equal in his sight, MMM MMM MMM, Barack Hussein Obama.”…Recited by school children in 2009

“However, when the CHD funds Alinsky-style, church-based community organizations as in the best interest of the poor and supports organizations which advance other agendas, it divests the poor of their right to an authentic voice. This process tends to treat the poor as exploited units of human capital, rather than as human beings created in the dignity of God’s image.”

“To accomplish its goals, as outlined in the People’s Platform, ACORN has developed a political alliance with the Democratic Socialists of America (DSA). Together with others, ACORN and the DSA have formed a political party, the New Party.”…1997 report to the Catholic Bishops

From the El Paso Times September 11, 2012.

“National group complains to IRS over St. Raphael Catholic Church bulletin”

“A national group has complained to the IRS over improper electioneering by an El Paso Catholic church.

Americans United for the Separation of Church and State on Monday sent its complaint to the IRS about the Aug. 5 bulletin published by St. Raphael Parish on the city’s East Side.

The pastor of the parish has issued a written statement recanting the Aug. 5 bulletin, but the leader of the organization that complained to the IRS said damage might already have been done.

Churches are tax-exempt, as are donations to them. But IRS rules say they cannot tell people whom to vote for or against.

Apparently in reaction to President Barack Obama’s mandate that Catholic hospitals and universities cover birth-control
for women employees who want it, a passage in the St. Raphael bulletin told parishioners to vote against the president. Obama later attempted to modify the mandate, but the gesture did little to mollify some Catholics who believe artificial means of birth control are immoral.

“I am asking all of you to go to the polls and be united in replacing our present president with a president that will respect the Catholic Church in this country,” the last two sentences in the Aug. 5 St. Raphael bulletin say. “Please pass this on to all of your Catholic friends.”
After officials at the Diocese of El Paso were alerted last week to the message, the pastor of St. Raphael, Msgr. Francis J. Smith, wrote a message which was inserted into its bulletin.

“I am recanting the last two sentences from this statement as it was published on Aug. 5, 2012,” the message says. “I apologize and ask for your forgiveness if I have offended anyone. The last thing I wish to do is be offensive to my faith and the faithful.”

The language was a blatant violation of the law, the Rev. Barry W. Lynn, executive director of Americans United for the Separation of Church and State, said in his letter to the Exempt Organizations Division of the IRS.

“The language that appeared in the bulletin — an official publication of the church — clearly encourages parishioners to vote against incumbent presidential candidate Barack Obama,” the letter says. “Since federal law prohibits tax-exempt, non-profit organizations (including houses of worship) from intervening in elections like this, I believe St. Raphael Church is in violation of the law.”

The Diocese of El Paso last week acknowledged that the passage violates IRS rules and the policy of the U.S. Conference of Catholic Bishops. A spokesman said the diocese would instruct Smith to “re-address” the article in the church’s bulletin.

Smith and diocesan officials didn’t respond to calls and emails Monday.

In a telephone interview, Lynn said his organization files 15 to 20 complaints such as the one against St. Raphael in a presidential-election year.

Last year, the organization complained to the IRS that El Pas’s Word of Life Church was improperly involving itself in electoral politics by using its Tom Brown Ministries website to encourage voters to recall Mayor John Cook and city Reps. Steve Ortega and Susie Byrd. Brown was angered that the officials voted to restore health benefits for gay and unmarried partners of city employees after he led a successful ballot initiative to end the practice in 2010.

IRS spokesman Clay Sanford on Monday would not comment on the complaint against St. Raphael.

“I can’t comment about specific, tax-exempt entities,” he said.

But an IRS publication, “Tax Guide for Churches and Religious Organizations,” says, “Churches and religious organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office.”

Lynn said it was good that church officials acknowledged IRS rules, but they should have been known in the first place to anybody overseeing the St. Raphael bulletin.

“It may be a partial corrective, but the damage might already be done,” he said.

U.S. Catholic rules also prohibit the use of church resources to tell people how to vote.

“The Church’s leaders are to avoid endorsing or opposing candidates or telling people how to vote,” says a document issued by the U.S. Conference of Catholic Bishops, “Forming Consciences for Faithful Citizenship.”

The IRS can revoke churches’ tax exemptions and fine them for violating its rules, or it can levy milder sanctions that often are not public.

Lynn said religious leaders have broad latitude to discuss issues — such as abortion, birth control and execution — from the pulpit; they just can’t tell people how to vote. Churches also can invite candidates and their surrogates to speak to the congregation so long as they make a good-faith effort to invite both sides.

“There’s freedom of speech in the pulpit with modest restrictions,” Lynn said, adding that St. Raphael violated those restrictions.

Americans United for the Separation of Church and State last week filed a similar complaint against a Catholic Church in New York City — the Church of Saint Catherine. In its Sept. 2 bulletin, the complaint says, a priest urged parishioners to vote for Republican nominee Mitt Romney.

Lynn is a minister in the United Church of Christ, although he now only officiates at ceremonies on a part-time basis. He said there are hazards beyond breaking the law when pastors and other religious leaders tell people how to vote.

“When you start getting into partisan politics, you start dividing the congregation very deeply,” he said.”

http://www.elpasotimes.com/ci_21508691/national-group-complains-irs-over-st-raphael-catholic

From Last Resistance September 12, 2012.

“The ban on political campaign activity by charities and churches was created by Congress more than a half century ago. The Internal Revenue Service administers the tax laws written by Congress and has enforcement authority over tax-exempt organizations. Here is some background information on the political campaign activity ban and the latest IRS enforcement statistics regarding its administration of this congressional ban.

“In 1954, Congress approved an amendment by Sen. Lyndon Johnson to prohibit 501(c)(3) organizations, which includes charities and churches, from engaging in any political campaign activity. To the extent Congress has revisited the ban over the years, it has in fact strengthened the ban. The most recent change came in 1987 when Congress amended the language to clarify that the prohibition also applies to statements opposing candidates.”

This so-called ban is a direct violation of the First Amendment. The First Amendment states, “Congress shall make no law. . . .” In 1954, Congress made a law prohibiting churches from speaking out on political issues and endorsing candidates. The logic is simple. Since Congress passed such a law, then Congress violated the Constitution. This makes the law null and void.

If you are a pastor who believes in the freedoms outlined in the First Amendment and want to challenge these leftist organizations and the IRS, then I have a deal for you. The Alliance Defending Freedom, a Christian legal advocacy group, will defend you.

“In response to more than 50 years of threats and intimidation by activist groups wielding the Johnson Amendment as a sword against the Church, ADF began the Pulpit Initiative in 2008. The goal of the Pulpit Initiative is simple: have the Johnson Amendment declared unconstitutional — and once and for all remove the ability of the IRS to censor what a pastor says from the pulpit.

“ADF is actively seeking to represent churches or pastors who are under investigation by the IRS for violating the Johnson Amendment by preaching biblical Truth in a way that expresses support for — or opposition to — political candidates. ADF represents all of its clients free of charge.”

Don’t be bullied. It’s time to take a stand for Jesus Christ. Your future and the future of your children are at stake. If you want more information, go to the Alliance Defending Freedom site at http://speakupmovement.org/church/LearnMore/details/4702″

http://lastresistance.com/41/church-says-dont-vote-for-obama/

 

77 Comments

Posted in Bill of Rights, Catholics, Citizen News, Citizens for the truth about Obama, CitizenWells, Civil rights, Congress, constitution, Government, IRS, News

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Rezko for Radicals book, Kenneth J. Conner author and whistleblower in the Rezko Obama lot transactions, Qui Tam lawsuit, Mutual Bank of Harvey, Adams Valuation Corp.

Posted on September 12, 2012 | 47 comments

Rezko for Radicals book, Kenneth J. Conner author and whistleblower in the Rezko Obama lot transactions, Qui Tam lawsuit, Mutual Bank of Harvey, Adams Valuation Corp.

“Why did Mutual Bank fire whistleblower Kenneth J Connor after he
challenged the appraisal on the land purchased by Rita Rezko, just
prior to the land sale to Obama?”…Citizen Wells

“Why did the Rezkos enter into an agreement to purchase the lot next to the Obama house and pay the asking price of $ 625,000 at a time when they were broke and heavily in debt?”…Citizen Wells

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

Rezko for Radicals

A new book by Kenneth J. Conner

whistleblower in the Rezko Obama lot transactions

Kenneth J. Conner, whistleblower in the Rezko Obama lot transactions, is the author of a new book, “Rezko for Radicals.” The scheduled release date for the book is October 1, 2012. I am not at liberty to divulge the contents yet, but as soon as I am permitted, I will do so. At some point more information will be available here as well.

http://rezkoforradicals.com/

With all of the books being written about Chicago pay to play politics and corruption, why would this book be of interest? Kenneth J. Conner was there at Mutual Bank of Harvey, doing his job, asking questions about another questionable appraisal froma Adams Valuation Corp. except this time the borrower was Rita Rezko, wife of Tony Rezko. And the other party involved in these transactions was Barack Obama, an IL senator at the time. Here is why Conner’s story has credence.

  • In early 2005, the Rezkos were broke and heavily in debt.
  • In June 2005, Rita Rezko obtained a loan from Mutual Bank of Harvey in the amount of $ 500,000 for the lot next to the mansion purchased by the Obama’s at the same time.
  • The Rezkos paid the full asking price $ 625,000.
  • The sellers mandated that both properties close at the same time.
  • Rita Rezko’s salary was approx. $ 37,000.
  • Kenneth J. Conner was a real estate specialist at Mutual Bank in 2005.
  • In late 2005 to early 2006, Mr. Conner was asked to review the appraisal by Adams.
  • Mr. Conner reported to his bosses that the property was overvalued by $ 125,000 and that based on comparables  it was worth $ 500,000.
  • On November  21, 2005 Barack Obama had an appraisal of the lot done by Howard B. Richter & Associates. That appraisal was for $ 490,860.
  • The Rezkos and Obamas signed a purchase agreement on January 4, 2006 for one sixth of the lot. The Obamas paid $104,500 instead of the appraised value of $40,500.
  • Mr. Conner’s valuation was subsequently removed from the loan file.
  • On October 19, 2006 Mutual Bank received a grand jury subpoena requiring it to produce information concerning Rita Rezko’s purchase, including the bank’s files on the property.
  • On December 28, 2006 former Rezko business attorney Michael J. Sreenan purchased the Rezko lot.
  • “In 2007, Conner observed that his ARR of the 5050 S. Greenwood property was not in the Rezko 5050 Greenwood loan file and in it’s
    place was the Murphy Checklist purportedly dated “06/15/2005.”…On June 18, 2007, Conner sent an email to James Murphy which provides, in part, “I spent time trying to track down work of mine that should be in a particular high profile loan file, though it is not–having been replaced by a checklist.”
  • ” In October, 2007, Conner had various communications with Mutual Bank’s Human Resources Department representative, Lana Schlabach. In an email communication of October 15, 2007, Conner directly referenced “Resentment over my mentioned discovery of the removal/replacement of an appraisal review that I conducted. That appraisal review contained substantial observations and suggestions. The transaction and parties involved were high profile in the media.I am under the impression that the FBI has since looked at the file.”
  • “On October 23, 2007, eight days after Conner’s October 15, 2007
    email to Schlabach attached as Exhibit J, Mutual Bank terminated
    Conner’s employment”
  • Late 2007 the FBI investigated the lot transactions. Mr. Conner stated. “Agents and I talked about payoff, bribe, kickback for a long time, though it took them only a short number of minutes of talking with me while looking at the appraisal to acknowledge what they already seemed to know: The Rezko lot was grossly overvalued,”
  • On October 16, 2008 Kenneth J. Conner filed his first lawsuit for retaliatory dismissal.
  • On October 25, 2011 the FDIC initiated a lawsuit against Mutual Bank officers, directors and the bank lawyer. “5. Collectively, the Director Defendants and Officer Defendants (“Director and Officer Defendants”) (a) recklessly implemented a strategy of rapid asset growth through approving a high concentration of risky CRE, ADC and out-of-area loans to a small concentration of high-volume borrowers; (b) failed to implement appropriate underwriting and credit administration practices; (c) ignored the Bank’s loan policies; (d) ignored federal lending regulations; and (e) disregarded warnings from the Bank’s regulators regarding the Bank’s lending activities.”
  • Mr. Conner has filed a Qui Tam lawsuit against the officers, directors and employees of Mutual Bank as well as Adams Valuations Corp. and others. The lawsuit is no longer under seal.

 

 

Rezko for Radicals

The whistleblower account of Obama’s $125,000 real estate scam.

by  Kenneth J. Conner

Available on Amazon October 1st

Copyright © 2012 Kenneth J. Conner, All rights reserved.

47 Comments

Posted in Banks, Barack Obama, Chicago, Citizen News, Citizens for the truth about Obama, CitizenWells, corruption, Courts, Crime, Election 2012, FBI, FDIC, Federal Court, fraud, Illinois, Kenneth J Conner, Lawsuits, Lawyers, Lies, News, Obama, Obama lies, Obama Nation, Obama records, Obama thugs, Patrick Fitzgerald, Pay to play politics, Rezko, The Case Against Barack Obama, Tony Rezko, US Department of Justice, Washington DC, white house

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Better off now 4 years later?, Obama Clinton Democrat lie, 3.85 gallon gas, High school graduates, College students and young adults clobbered, No jobs

Posted on September 11, 2012 | 35 comments

Better off now 4 years later?, Obama Clinton Democrat lie, 3.85 gallon gas, High school graduates, College students and young adults clobbered, No jobs

“Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”…Barack Obama 

“Our student health insurance policy premium has been substantially increased due to changes required by federal regulations issued on March 16, 2012 under the Affordable Care Act.”…Guilford College student

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments which he would not be able to understand, much less answer. And yet he was in the right! They were wrong and he was right. The obvious, the silly, and the true had got to be defended. Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:

Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

I paid $ 3.85 a gallon for regular gas today in NC. When Obama took the White House, we payed an average of around $ 1.85 a gallon.

I am fortunate, I am not a young person trying to pay for college and health care, or a young graduate trying to find a job or part of a young family trying to buy groceries that have skyrocketed due to high gasoline prices.

With a record Labor Force Participation Rate, we still have a national unemployment rate over 8 percent and much worse than that in NC. Those numbers reveal only the tip of the iceberg.

From Carolina Journal September 7, 2012.

“Poll: Young Adults Not Better Off Than Four Years Ago

88 percent in N.C. have changed daily lives because of economy”

“A former chief of staff in the U.S. Labor Department takes issue with former President Bill Clinton’s assertion that Americans are better off now than they were four years ago, especially when it comes to younger adults.

“If the message is that American young adults are better off than they were four years ago, then the facts say they absolutely are not,” said Paul Conway, who was chief of staff to President George W. Bush’s labor secretary, Elaine Chao.

Clinton, during his Wednesday night address to the Democratic National Convention, made the case that in many statistical terms, Americans were definitely better off than when President Barack Obama took office in January 2009.

Conway now is president of an nonpartisan organization called Generation Opportunity, which seeks to mobilize 18 to 29 year olds on challenges facing the nation, such as the lack of job opportunities, the national debt, and federal spending.

Conway noted that the unemployment rate for young adults now stands at 12.7 percent, which is higher than the overall jobless rate of 8.3 percent.

“In addition to that, there are 1.7 million young adults who are no longer counted in that 12.7 percent because they’ve been out of work so long,” Conway said. If they’re included, Conway added, the young adult unemployment rate would be 16.7 percent.

“That number represents the highest sustained level of unemployment for young adults since World War II,” Conway said.

He gives other statistics for younger Americans.

“Unemployment for the Latino community of young adults is 14 percent,” Conway said. “For African-American young adults, it’s 22.3 percent.”

Conway noted a recent survey commissioned by Generation Opportunity from the inc./WomanTrend polling company which found 88 percent of North Carolina’s young adults have changed some aspect of their day-to-day lives because of the current state of the economy, such as skipping a vacation, reducing their grocery budget or skipping a major family event.

The survey said that 22 percent of young adults had changed their living condition, such as moving in with their parents, taking in extra roommates or downgraded their apartment.

The survey also said that 79 percent of young adults in the state have delayed or might not do at least one major live event because of the economy. These include buy their own place, get married or start a family.

Conway said only 38 percent of young adults nationally believe their elected officials represent their concerns.

He said a high percentage of them plan to vote and questions why Clinton would make the claim that people are better off today.

“In whose interest is it to try to say that things are better off than they were four years ago, because for young adults, the answer is, it’s simply not true,” Conway said.”

http://www.carolinajournal.com/exclusives/display_exclusive.html?id=9472&__utma=1.1815112598.1347277351.1347277351.1347277351.1&__utmb=1.2.10.1347277351&__utmc=1&__utmx=-&__utmz=1.1347277351.1.1.utmcsr=google%7Cutmccn=(organic)%7Cutmcmd=organic%7Cutmctr=(not%20provided)&__utmv=-&__utmk=68467473

If that article frightened you, this will keep you awake at night.

And remember, the Democrats controlled both houses of Congress beginning in January 2007 until January 2011.

From the Economic Policy Institute May 3, 2012.

“The Class of 2012

Labor market for young graduates remains grim”

FIGURE B

Unemployment rate for young high school graduates, by gender, 1989–2012*

Unemployment rate for young high school graduates, by gender, 1989–2012*

*Latest 12-month average: April 2011–March 2012.

Note: Shaded areas denote recessions. Data are for high school graduates age 17–20 who are not enrolled in further schooling.

Source: Authors’ analysis of basic monthly Current Population Survey microdata

As Figure B shows, the unemployment rate for young high school graduates jumped from 17.5 percent in 2007 to 32.7 percent in 2010, dwarfing the increases in prior recessions. The rate has since declined slightly, to an average of 31.1 percent over the last year (April 2011–March 2012). The increase since 2007 was larger for young male high school graduates (from 18.7 percent in 2007 to an average of 32.9 percent over the last year) than for young female high school graduates (from 15.8 percent in 2007 to an average of 28.5 percent over the last year). Men’s unemployment rates tend to disproportionately increase during downturns because men are more concentrated in industries, such as manufacturing and construction, that are particularly hard-hit by recessions.

Figure C shows that among young high school graduates, the unemployment rate for racial and ethnic minorities—particularly young black graduates—tends to be higher than that of whites, in good times and bad. In 2007, the unemployment rate of young white high school graduates was 14.5 percent. It rose to 29.1 percent in 2010 and improved slightly to an average of 25.6 percent over the last year. In 2007, the unemployment rate of young black high school graduates was 33.0 percent. It continued on a general upward trend until 2011, when it was 48.9 percent, and continued creeping up, to 49.1 percent over the last year. In 2007, the unemployment rate for young Hispanic high school graduates was 15.5 percent. That rate also continued to rise until 2011, when it was 35.7 percent, and improved to 33.8 percent over the last year.

FIGURE C

Unemployment rate for young high school graduates, by race/ethnicity, 1989–2012*

Unemployment rate for young high school graduates, by race/ethnicity, 1989–2012*

*Latest 12-month average: April 2011–March 2012.

Note: Shaded areas denote recessions. Data are for high school graduates age 17–20 who are not enrolled in further schooling.

Source: Authors’ analysis of basic monthly Current Population Survey microdata

Because the definition of unemployment includes only jobless workers who report that they are actively seeking work, the unemployment rate overlooks those who are “underemployed”: jobless workers who want a job but have given up looking, and workers who have a job but cannot get the hours they want or need.

Figure D presents national data on both unemployment and underemployment among young high school graduates, providing a more comprehensive look at slack in the labor market. Underemployment rates include not just workers who are unemployed but also those who are working part time but want full-time work (“involuntary” part-timers), and those who want a job and who have looked for work in the last year but have given up actively seeking work (“marginally attached” workers).

Currently, while the unemployment rate for young high school graduates is 31.1 percent, theunderemployment rate of young high school graduates is over 50 percent (54.0 percent). In other words, in addition to the officially unemployed, a significant share of these young people either want a job but have simply given up looking for work, or have a job that  does not provide the hours they need. While state breakdowns of underemployment by educational attainment are not available, Appendix Table A2 shows state-level underemployment rates for all workers by age.

FIGURE D

Unemployment and underemployment rates of young high school graduates, 1994–2012*

Unemployment and underemployment rates of young high school graduates, 1994–2012*

*Latest 12-month average: April 2011–March 2012.

Note: Shaded areas denote recessions. Underemployment data are only available beginning in 1994. Data are for high school graduates age 17–20 who are not enrolled in further schooling.

Source: Authors’ analysis of basic monthly Current Population Survey microdata

http://www.epi.org/publication/bp340-labor-market-young-graduates/

Does this look better to you?

35 Comments

Posted in Barack Obama, Bill Clinton, Citizen News, Citizens for the truth about Obama, CitizenWells, Democrats, Economy, Election 2012, Employment, Health Insurance, Jobs, Lies, NC, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC

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Kenneth J. Conner Qui Tam whistleblower lawsuit unsealed, Mutual Bank officers, Amrish Mahajan, Rezkos lot purchase, Adams Valuation corp, False statements and omissions

Posted on September 11, 2012 | 23 comments

Kenneth J. Conner Qui Tam whistleblower lawsuit unsealed, Mutual Bank officers, Amrish Mahajan, Rezkos lot purchase, Adams Valuation corp, False statements and omissions

“Why did Mutual Bank fire whistleblower Kenneth J Connor after he
challenged the appraisal on the land purchased by Rita Rezko, just
prior to the land sale to Obama?”…Citizen Wells

“Why did the Rezkos enter into an agreement to purchase the lot next to the Obama house and pay the asking price of $ 625,000 at a time when they were broke and heavily in debt?”…Citizen Wells

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

This is a Citizen Wells exclusive.

I have been in regular contact with Kenneth J. Conner since he filed his original whistleblower lawsuit in 2008. As you may recall, Conner, a former employee of Mutual Bank of Harvey, was asked to do an appraisal review of the lot the Rezkos purchased in June 2005 for the full asking price of $ 625,000. Adams Valuation Corp. had appraised the lot earlier for $ 625,000. After review, Kenneth J. Conner concluded, based on comparable properties, that the lot was worth $ 500,000. An appraisal requested by Barack Obama by Howard B. Richter & Associates on November 21, 2005, near the time of Conner’s evaluation, determined the value of the lot to be $ 490,860. The Obama’s purchased one sixth of the lot in 2006.

From Citizen Wells October 31, 2011.

“9.  In June, 2005, Mutual Bank President and CEO Amrish Mahajan and
other Mutual Bank officers approved a loan to Rita Malki Rezko (Rita
Rezko) which was guaranteed by Antonin Rezko so that Rita Rezko could
purchase a 9,090 square foot vacant parcel of real estate at 5050 S.
Greenwood Avenue, Chicago. As part of the Mutual Bank loan
underwriting process, Mutual Bank obtained a real estate appraisal
from Adams Valuation Corporation (Adams Appraisal) which purported to
provide an opinion of value of the subject 5050 S. Greenwood real
estate (the collateral for the Rezko loan) at $ 68.76 per square foot.
A copy of the Adams Appraisal is attached as Exhibit C. In June, 2005,
Rita Rezko closed on the purchase of the 5050 S. Greenwood property at
a purchase price of $ 625,000.00 along with the loan from Mutual Bank
in the amount of $ 500,000.00 with Mutual bank obtaining a first
mortgage lien position on the Greenwood vacant parcel.”

“10.  On or about January 4, 2006, Rita Rezko entered into an
agreement with Senator Barack and Michelle Obama (Obamas) to sell a
ten-foot strip of the 5050 S. Greenwood property to the Obamas. A copy
of the Obama/Rita Rezko contract is attached as Exhibit D. As a result
of that transaction, the Rezkos requested that Mutual Bank release
it’s first collateral position to the ten-foot strip parcel
transferred to the Obamas. In that same general time frame, Richard
Barth, Mutual Bank Senior VP of construction lending and James Murphy,
Mutual Bank Senior VP Internal Auditor/Risk Manager, requested that
Conner perform an appraisal review of the Adams Appraisal attached
hereto as Exhibit C.”

“11.  In late 2005 or early 2006, Conner performed an appraisal review
of the Adams Appraisal (Exhibit C) per the directive of Richard Barth
and James Murphy. Conner prepared a written Appraisal Review report
(ARR) opining that the Adams Appraisal overvalued the Greenwood lot by
a minimum of $ 125,000.00 and that a reasonable and fair valuation for
Mutual Banks’s underwriting purposes should be no greater than $
500,000.00 for the entire 5050 S. Greenwood parcel as originally
purchased by Rita Rezko. In that same general time frame an appraisal
was performed for the 5050 S. Greenwood property by Howard B. Richter,
MAI which valued the 5050 S. Greenwood property at $ 54.00 per square
foot but then discounted the ten-foot strip being transferred by Rita
Rezko to the Obamas by fifty percent, as the ten-foot strip was
unbuildable standing alone…The valuation by the Richter Appraisal for
the 5050 S. Greenwood lot was substantially to Conner’s ARR
valuation.”

“12.  Conner notified Richard Barth and James Murphy orally of his ARR
findings and Conner’s ARR was filed in the “Rezko 5050 Greenwood” loan
file at Mutual Bank.”

“13.  In addition to Conner’s ARR stating that the Adams Appraisal
overvalued the 5050 S. Greenwood property, Conner had reported on
other occasions that Adams Valuation Corporation had overvalued real
estate subject to Mutual Bank loan underwriting valuation.”

“14.  On or about October 19, 2006, Mutual Bank received a Grand Jury
Subpoena (GJS) requiring Mutual Bank to produce the Rezko 5050
Greenwood loan file, as well as a Rita Rezko Riverside District
Development LLC checking account and loan file. Electronic mail
(email) communications about the subpoena were circulated to Mutual
Bank officers and attorneys, including Amrish Mahajan, James Murphy
and Conner. A copy of an October 19, 2006 email string pertaining to
the Rezko GJS is attached as Exhibit F. On information and belief,
Conner’s ARR was removed from the Rezko 5050 Greenwood loan file prior
to the submission of that file pursuant to the GJS, and in it’s place
Mutual bank submitted an appraisal checklist which was purportedly
dated “06/15/05″ from Senior VP James P. Murphy (Murphy Checklist). A
copy of the Murphy Checklist is attached as Exhibit G.”

“16.  In 2007, Conner observed that his ARR of the 5050 S. Greenwood
property was not in the Rezko 5050 Greenwood loan file and in it’s
place was the Murphy Checklist purportedly dated “06/15/2005.”…On June
18, 2007, Conner sent an email to James Murphy which provides, in
part, “I spent time trying to track down work of mine that should be
in a particular high profile loan file, though it is not–having been
replaced by a checklist.””

“17.  In October, 2007, Conner had various communications with Mutual
Bank’s Human Resources Department representative, Lana Schlabach. In
an email communication of October 15, 2007, Conner directly referenced
“Resentment over my mentioned discovery of the removal/replacement of
an appraisal review that I conducted. That appraisal review contained
substantial observations and suggestions. The transaction and parties
involved were high profile in the media.I am under the impression that
the FBI has since looked at the file.””

“18.  On October 23, 2007, eight days after Conner’s October 15, 2007
email to Schlabach attached as Exhibit J, Mutual Bank terminated
Conner’s employment for pretextual reasons.”

https://citizenwells.wordpress.com/2011/10/31/mutual-bank-amrish-mahajan-richard-barth-fdic-lawsuit-kenneth-j-conner-whistleblower-vindication-obama-rezko-land-deal/

On October 25, 2011 the FDIC initiated a lawsuit against Mutual Bank officers, directors and the bank lawyer.

From Citizen Wells October 31, 2011.

From the lawsuit:

“5. Collectively, the Director Defendants and Officer Defendants (“Director and Officer Defendants”) (a) recklessly implemented a strategy of rapid asset growth through approving a high concentration of risky CRE, ADC and out-of-area loans to a small concentration of high-volume borrowers; (b) failed to implement appropriate underwriting and credit administration practices; (c) ignored the Bank’s loan policies; (d) ignored federal lending regulations; and (e) disregarded warnings from the Bank’s regulators regarding the Bank’s lending activities.”

https://citizenwells.wordpress.com/2011/10/31/mutual-bank-amrish-mahajan-richard-barth-fdic-lawsuit-kenneth-j-conner-whistleblower-vindication-obama-rezko-land-deal/

The Kenneth J. Conner Qui Tam lawsuit includes the Rezko lot purchase along with other transactions as part of an ongoing pattern of deception.

The lawsuit begins:

“This action, brought on behalf of the United States, concerns various knowing false statements and omissions caused by certain officers, directors and employees of Mutual Bank of Harvey (collectively, “Mutual Bank”) to the Federal deposit Insurance Corporation (“FDIC”) in part in order to reduce deposit insurance premiums due to the FDIC and otherwise conceal risk.”

http://www.scribd.com/doc/105592243/Kenneth-J-Conner-Qui-Tam-whistleblower-lawsuit

Qui Tam lawsuits defined.

“Qui tam is a law passed by Congress that allows a private individual with knowledge of fraud committed against the federal government to act as a government whistleblower and bring about a qui tam lawsuit on behalf of the US. Any situation where a company or individual has defrauded the government comes under the False Claims Act, including Medicare fraud and pharmaceutical fraud.”

“Qui tam is a provision of the False Claims Act that allows a whistle blower to bring a lawsuit on behalf of the US government for a fraud committed against the United States. A government whistleblower who successfully files a qui tam lawsuit is entitled to receive between 15 percent and 30 percent of the lawsuit settlement funds recovered for the government.

A considerable amount (estimates are as high as 10 percent) of the US annual budget is paid to companies or individuals who defraud the government, usually by overcharging, submitting bills for services never performed, or over-billing for services provided. Qui tam whistleblower lawsuits include government contract fraud, defense contractor fraud, Medicare fraud, Medicaid fraud, pharmaceutical fraud and other public benefit fraud.

Qui tam Lawsuits and Settlements

Over one thousand qui tam lawsuits were filed between 1987 and 1995 and from 1988 to 1995 over $1 billion was recovered by qui tam lawyers, either in settlements or lawsuit verdicts filed by government whistleblowers. Since 1986, the government has recovered over $2 billion as a result of these lawsuits, of which almost $340 million has been paid to whistleblowers, also known as “relators”.

Typically, fraud cases are related to where the government is spending the most money. For instance, in the late 1980s, many qui tam lawsuits involved the defense industry. Recently, health care and pharmaceutical cases have been foremost.”

“Whistleblower Protection

“Congress added Whistleblower protections to the False Claims Act in 1986, which entitles the whistleblower to reinstatement with seniority, double back pay, interest, special damages sustained as a result of discriminatory treatment, and attorneys fees and costs, even if the case is never filed, as long as the whistle blower’s allegations could legitimately support a False Claims Act case.

The False Claims Act also protects qui tam plaintiffs who are “demoted, suspended, threatened, harassed or in any other manner discriminated against in the terms and conditions of employment” for acts done in furtherance of filing a claim under the Act.”

http://www.lawyersandsettlements.com/lawsuit/qui-tam-whistleblower-government-fraud.html#.UE9Jk41lTL9

I was just given the ok to present this.

More to come.

23 Comments

Posted in Attorneys, Barack Obama, Chicago, Citizen News, Citizens for the truth about Obama, CitizenWells, corruption, FBI, FDIC, Federal Court, fraud, Illinois, Kenneth J Conner, Lawsuits, Lawyers, Lies, News, Obama, Obama lies, Obama Nation, Obama records, Obama thugs, Pay to play politics, Presidential candidate, Rezko, The Case Against Barack Obama, Tony Rezko, US Department of Justice, Washington DC, white house

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Obama Rezko lot purchases, Court records prove Obama lied about contact with Rezko and Rezko requests, Obama Rezko et al Chicago pay to play

Posted on September 9, 2012 | 137 comments

Obama Rezko lot purchases, Court records prove Obama lied about contact with Rezko and Rezko requests, Obama Rezko et al Chicago pay to play

“Why were portions of the motion to subpoena Obama by the Blagojevich defense team, damning to Obama, redacted?”…Citizen Wells

“Why did the Rezkos enter into an agreement to purchase the lot next to the Obama house and pay the asking price of $ 625,000 at a time when they were broke and heavily in debt?”…Citizen Wells

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

My research, review and discussions regarding Obama’s involvement in Chicago pay to play are progressing. Yesterday I got a clarification from someone who was involved in one of the transactions. Before I proceed, I want to clarify the Obama Rezko relationship and Obama lies about it.

From TPM Muckraker March 3, 2008.

“The connection has dogged Sen. Barack Obama (D-IL) ever since it was first reported in November of 2006. With Tony Rezko’s trial finally beginning this week, and with the trial expected to last for months, it will keep dogging him.

You know the general outline. In June of 2005, Obama bought a home in Chicago’s South Side. On the same day, Tony Rezko bought an adjoining lot, the house’s side yard. It was not an isolated association between the two. Rezko was a big-time fundraiser and supporter of Obama, who raised more than $150,000 for Obama’s state and federal campaigns over the span of nine years ($20,000 of that was from Rezko himself). Over the past 16 months, Obama has donated almost $160,000 of those Rezko-linked contributions to charity.

Rezko, a big-time real estate developer and mucky-muck in Illinois politics, was indicted in October of 2006 on fraud and extortion charges.

Although Obama’s longterm relationship with Rezko has gained plenty of scrutiny, the house purchase has understandably gotten the most. Given Rezko’s central role in Illinois’ influence-buying and cronyism scandal, suspicion is natural. Obama himself has called his subsequent purchase of a strip of the adjoining lot from Rezko “bone-headed.” It’s hard not to agree.

There is no sure evidence that the house deal was worse than bone-headed. Not that the question has been put to rest. A number of unanswered questions remain.

For instance, it’s unclear whether Rezko was actually doing a favor for Obama: whether Obama could not have bought the house otherwise or whether Obama derived a financial benefit from Rezko’s involvement in the deal. The main suspicion has been that Rezko’s purchase of the side yard at the seller’s asking price allowed Obama’s purchase of the house to go through since the seller insisted on closing both properties on the same day. But both Obama and Rezko have said that someone else had bid on the side yard, raising the bidding to the asking price. If that’s the case, then Obama could have bought the house without Rezko’s involvement. And Obama has said that his family has stayed off the side yard and never used it for family activities.

Obama has acknowleged, however, that Rezko’s likely motivation for buying the lot was to curry favor with him. Rezko reportedly admitted as much to his business associates. And as The New York Times reports today, Rezko was so heavily in debt at the time he purchased the lot that he did it under his wife’s name in order to protect it from creditors.

And then there’s the other big question, whether Obama ever did anything for Rezko in return for his purchase of the side yard or all those contributions. Obama has said that Rezko “never asked me for anything” and “I’ve never done any favors for him.” No substantial evidence has surfaced to contradict that claim. (The Chicago Sun-Times did dig up letters from Obama in 1998, some seven years before the house sale, urging Illinois and Chicago officials to provide funding for a Rezko company to build apartments for senior citizens, but both Obama and Rezko denied that Rezko had asked Obama to write the letters, and there’s no evidence to the contrary.)

As Rezko’s trial nears, you’re sure to hear the two names raised together again and again. And you’ll be hearing about that house purchase. So we’re laying it all out here. We’ve compiled the main details in our timeline of Rezko and Obama’s relationship here.

Recently, NBC News got a good aerial view of the Obama’s home and side lot, which is now owned by Michael Sreenan, a former business attorney of Rezko’s:
Back in 2004, the home’s owner put both parcels on the market. There was no fence between the two properties, since the undeveloped land served as the house’s side yard, but the properties were listed separately.

In January of 2005, the Obamas made three successive bids on the home, which had been listed at $1.95 million. After bids of $1.3 and then $1.5 million, the Obamas, through an agent, finally offered $1.65 million, a bid which the seller ultimately accepted. Obama has said that the house was on the market for a number of months and was overpriced. The seller, a doctor at the University of Chicago named Fredric Wondisford who has refused to speak to the media, has stated in an email released by the Obama campaign to Bloomberg that Obama’s bid was the highest bid on the home. Obama has said that he didn’t purchase the side yard because he could not afford it.

It’s still unclear exactly how Rezko came to buy the side yard. Back in November of 2006, when Obama was first interviewed by The Chicago Tribune about the deal, he was very hazy on the details: “I don’t recall exactly what our conversations were or where I first learned, and I am not clear what the circumstances were where he made a decision that he was interested in the property.”

In answering written questions from The Chicago Sun-Times later that week, he was clearer: “to the best of [his] recollection,” he’d told Rezko about the side yard and that “he developed an interest, knowing both the location and, as I recall, the developer who had previously purchased it.”

Last month, an Obama spokesman divulged more: that at some point before the purchase, which closed in June of 2005, Obama and Rezko had toured the property together “because Rezko was a real-estate developer in the area” and Obama wanted his opinion. The spokesman could not specify when, exactly, this tour had occurred — before Obama had made successive bids on the home in January of 2005, or after.

It’s not clear when Rezko bid on the property, but Obama has said that the seller accepted Rezko’s bid on the yard before accepting Obama’s bid on the house.

Both Obama and Michael Sreenan, Rezko’s former attorney who now owns the adjoining lot, have said that at least one other party bid on the yard, as an explanation for why Rezko ultimately paid the seller’s asking price, $625,000. The burning question, of course, is whether Rezko was doing Obama a favor by buying the side lot at the asking price. Though the seller, via the campaign, has corroborated other details about the purchase, he has not confirmed that there were other bids on the lot.

Though Obama made his final offer in January of 2005, the purchase did not close for another five months. It’s unclear why.

By June of 2005, when the purchases did close, Rezko’s ethical and legal troubles had begun unraveling on the pages of the city’s major newspapers. Just a month before, The Chicago Tribune had run a major profile of Rezko and his many entanglements, including the fact that he’d been subpoenaed as part of a sprawling corruption probe of the state government.

As you can see from the picture of the property above, the two properties are now divided by a fence. But there was no fence when the purchases were made. The Obamas have provided documents to The Chicago Tribune to show that, immediately following the purchase, they began making preparations for installing a fence — an undertaking that required considerable paperwork since the properties are landmarked. That process lasted several months.

When it finally came time to install the fence, the Obamas also wanted to extend their property by another five to ten feet so that the fence would be at a distance from the house. The Obamas ultimately purchased from Rezko a 10-foot wide strip adjacent to and paralleling their property line.

Obama has said that he approached Rezko personally in January of 2006 about buying some of the adjacent lot. To set the price for the 1,500-square-foot strip, which was one-sixth of the entire lot, Obama hired a firm to appraise its value. When that appraisal came in at $40,500, Obama says he judged it too low for appearance’s sake and instead set the price at $104,500, which was one-sixth of the price Rezko had paid for the entire lot. There’s been no suggestion that Rezko actually negotiated with Obama on the price. In any case, he accepted.

Rezko’s rapidly deteriorating situation might explain Obama’s extra caution. Since its profile of Rezko the previous May, the Tribune had also brought word (as you can see on our timeline) that Rezko had been subpoenaed on a number of other matters, all pertaining to U.S. Attorney Patrick Fitzgerald’s investigation of influence-buying, cronyism, and extortion in Gov. Rod Blagojevich’s (D) government. It was increasingly clear that he was of central interest to prosecutors. He was finally indicted in October of 2006.

Though Obama’s name may come up at the trial, since Rezko allegedly made illegal “straw” contributions (via intermediaries) to Obama in addition to a number of other politicians, he is expected to be only a peripheral player. As The Los Angeles Times puts it this morning, Obama will be in “the background.” But unfortunately for Obama, Rezko is also certain to be in the background of his campaign through November.”

http://tpmmuckraker.talkingpointsmemo.com/2008/03/obama_rezko_purchase.php

I will answer 2 of the questions now, more later.

First a simple one.

“Though Obama made his final offer in January of 2005, the purchase did not close for another five months. It’s unclear why.”

Answer: The Obamas did not have the money or income in January 2005 (see 2004 tax return). The Rezkos were flat broke and heavily in debt (from Rezko Trial records and other sources). More later.

“And then there’s the other big question, whether Obama ever did anything for Rezko in return for his purchase of the side yard or all those contributions. Obama has said that Rezko “never asked me for anything” and “I’ve never done any favors for him.” No substantial evidence has surfaced to contradict that claim. (The Chicago Sun-Times did dig up letters from Obama in 1998, some seven years before the house sale, urging Illinois and Chicago officials to provide funding for a Rezko company to build apartments for senior citizens, but both Obama and Rezko denied that Rezko had asked Obama to write the letters, and there’s no evidence to the contrary.)”

We know from Rezko trial transcripts that Obama lied about his contact with Tony Rezko.

Chicago SunTimes February 10, 2008.

“In the media, Obama always made it sound like he rarely saw Rezko, saying they met for breakfast or lunch once or twice a year. However, the FBI mole John Thomas helped investigators “build a record of repeat visits to the old offices of Rezko and former business partner Daniel Mahru’s Rezmar Corp., at 853 N. Elston, by Blagojevich and Obama during 2004 and 2005,“

Chicago SunTimes March 14, 2008 interview with Obama.

“Thomas is an FBI mole and he “recently told us that he saw you coming and going from Rezko’s office a lot.””

From the Blagojevich Trial subpoena of Barack Obama. Portions related to Obama were initially redacted but then discovered.

“21. Tony Rezko is one of the government’s main witnesses.8 Mr. Rezko’s credibility is extremely relevant in this trial. In many instances, Mr. Rezko is the government’s crucial witness to prove up their allegations.9 Mr. Rezko wrote a letter to a federal judge stating “the prosecutors have been overzealous in pursuing a crime that never happened. They are pressuring me to tell them the “wrong” things that I supposedly know about Governor Blagojevich and Senator Obama. I have never been a party to any wrongdoing that involved the Governor or the Senator. I will never fabricate lies about anyone else for selfish purposes.” (Exhibit A)”

“22. However, the defense has a good faith belief that Mr. Rezko, President Obama’s former friend, fund-raiser, and neighbor told the FBI and the United States Attorneys a different story about President Obama. In a recent in camera proceeding, the government tendered a three paragraph letter indicating that Rezko “has stated in interviews with the government that he engaged in election law violations by personally contributing a large sum of cash to the campaign of a public official who is not Rod Blagojevich. … Further, the public official denies being aware of cash contributions to his campaign by Rezko or others and denies having conversations with Rezko related to cash contributions. … Rezko has also stated in interviews with the government that he believed he transmitted a quid pro quo offer from a lobbyist to the public official, whereby the lobbyist would hold a fundraiser for the official in exchange for favorable official action, but that the public official rejected the offer. The public official denies any such
conversation. In addition, Rezko has stated to the government that he and the
public official had certain conversations about gaming legislation and
administration, which the public official denies having had.”10?

“10 The defense has a good faith belief that this public official is Barack Obama. See, “Obama on Rezko deal: It was a mistake”, Dave McKinney, Chris Fusco, and Mark Brown, Chicago Sun Times, November 5, 2006. Senator Barack Obama was asked: “Did Rezko or his companies ever solicit your support on any matter involving state or federal government? Did Al Johnson, who was trying to get a casino license along with Tony Rezko, or Rezko himself ever discuss casino matters with you?” Senator Obama answered: “No, I have never been asked to do anything to advance his business interest. In 1999, when I was a State Senator, I opposed legislation to bring a casino to Rosemont and allow casino gambling at docked riverboats which news reports said Al Johnson and Tony
Rezko were interested in being part of. I never discussed a casino license with either of them. I was a vocal opponent of the legislation.” Obama’s involvement with Tony Rezko and this legislation coincides with the three paragraph summary the government has provided to the defense referenced above.”

“23. President Obama is the only one who can testify as to the veracity of Mr. Rezko’s allegations above.

24. President Obama has pertinent information as to the character of Mr. Rezko.
President Obama can testify to Mr. Rezko’s reputation for truthfulness as well as his own opinion of Mr. Rezko’s character. See, Fed. R. Evid. 405(a) and 608. Mr.
Rezko and President Obama became friends in 1990. According to President Obama, Mr. Rezko raised as much as $60,000 in campaign contributions for Obama.11

25. Based on the relationship that President Obama and Mr. Rezko had, President Obama can provide important information as to Mr. Rezko’s plan, intent, opportunity, habit and modus operandi. See, Fed. R. Evid. 404(b) and 406. For example, in June 2005, President Obama purchased a house for $1.65 million, $300,000 below the asking price. On the same day Tony Rezko’s wife, Rita, paid full price — $625,000 — for the adjoining land. In January 2006, Obama paid Mr. Rezko $104,500 for a strip of the adjoining land. The transaction took place when it was widely known that Mr. Rezko
was under investigation.12 President Obama’s relationship with Tony Rezko is
relevant and necessary Fed. R. Evid. 404(b) and 406 evidence.”

Motion to subpoena Obama redacted.

http://www.scribd.com/doc/90147306/Obama-subpoena-redacted

Motion to subpoena Obama redacted portions revealed.

http://www.scribd.com/doc/90147826/Obama-subpoena-revealed

137 Comments

Posted in Barack Obama, Blagojevich, Chicago, Citizen News, Citizens for the truth about Obama, CitizenWells, corruption, Crime, FBI, Illinois, Lies, News, Obama, Obama lies, Obama Nation, Obama records, Obama thugs, Presidential candidate, Rezko, The Case Against Barack Obama, Tony Rezko, US Department of Justice, Washington DC, white house

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NC Obama Democrat party God country and common sense, Charlotte sells soul to devil?, Democrats destroy jobs and economy boo God and Jerusalem

Posted on September 8, 2012 | 52 comments

NC Obama Democrat party God country and common sense, Charlotte sells soul to devil?, Democrats destroy jobs and economy boo God and Jerusalem

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“Most college students are in the peak of health. Hence, covering their health care is usually a pretty easy thing to do. A number of colleges—particularly small, private liberal-arts institutions—offer their students what are called “limited-benefit” plans, which cover health expenses up to a defined cap, such as $10,000. Because expenses are capped, these plans are extremely inexpensive, with premiums ranging from $150-500 per year.

However, Obamacare prohibits capping insurance payouts, causing premiums to skyrocket. For 2013-2014, the law prohibits caps below $500,000 per year; after 2014, caps are banned entirely.”…Forbes June 5, 2012

“We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama

My ancestral roots go back to the early 1700’s in NC and though my recent ones do not include participation in the NC Democrat Party, the old conservative Democrat Party of NC, which did not shun God, country and common sense, would have been easier to embrace.

This is not your father’s Democrat Party!

For example.

You have heard Barack and Michelle Obama and other democrats lie about job creation, inheriting a mess and blame George Bush.

The Democrats took control of both houses of congress in January 2007 and Obama took control of the White House in January 2009. A perfect storm of incompetence.

From the 2012 Democrat Platform.

“When President Obama took office, the economy was in the deepest economic crisis since the Great Depression. His Recovery Act represented the largest education investment since President Johnson, the largest infrastructure investment since President Eisenhower, the single largest clean energy investment ever, and the broadest tax cut in American history. It helped keep teachers, police officers, nurses, and firefighters on the job. It ensured that as we re-built our country, we bought American-made iron, steel, and manufactured goods wherever feasible, consistent with our international obligations. It helped the President stop the bleeding and reverse the free fall.”

“We’ve come a long way since 2008. The President took office in the middle of the worst economic downturn since the Great Depression; that month 800,000 Americans lost their jobs – more than in any single month in the previous 60 years. On Day One, he took immediate action to stop the free fall and put Americans back to work. In the midst of the crisis, President Obama knew what Democrats have always known: that American workers are tougher than tough times. Since early 2010, the private sector has created 4.5 million jobs, and American manufacturing is growing for the first time since the 1990s.”

Let’s examine for a moment a microcosm economy, Greensboro, NC, the third largest city in NC, the home of UNCG, where Michelle Obama recently bragged about jobs and what they had done for college students.

In January 2007, when the Democrats took control of congress, the unemployment rate was 4.6 to 5.2 percent (looks like somebody has been “tweaking” the numbers).

In December 2008, after 2 years of Democrat control, the rate was 8.2 percent. In January 2009, when Obama entered the White House, the rate was 9.6 percent. Did the rate jump actually jump 1.4 percent in one month (to maybe help Obama)? Since the Democrats were in control anyway, who cares.

The rate for July is listed at 10.2 percent.

So, with the efforts of the Democrats beginning in January 2007 and Obama working with them beginning in January 2009, the unemployment rate went from 4.8 – 5.2 percent to 10.2 percent.

That is certainly change!

From the 2012 Democrat Platform.

“These values are why we enacted historic health care reform that provides economic security for families and enacted sweeping financial reform legislation that will prevent the recklessness that cost so many their jobs, homes, and savings.”

“They’re why we helped American families who are working multiple jobs and struggling to pay the bills save a little extra money through tax cuts, lower health care costs, and affordable student loans.”

“We’ve already made historic progress. States have more flexibility to raise standards and reform schools, more students are receiving grants and scholarships, and young adults can stay on their parents’ health insurance plans as they finish their education and enter the workforce.”

From Citizen Wells September 4, 2012.

“I just spoke with a young man a few minutes ago who attends Greensboro College, a private college in NC. He mentioned that his health care costs had just almost doubled. Recently, reported here, was a report that the UNC system, NC public colleges, had almost doubled the health care costs for students and the reason was provisions in Obamacare.”

“Health Insurance Costs Skyrocket For College Students Due To ObamaCare”

“Can we stop calling ObamaCare the Affordable Care Act now?

A Young America’s Foundation activist forwarded an email from the Vice President for Finance at his school, Guilford College (Greensboro, NC), informing him that, “For the 2012-13 academic year, the annual cost of the student health insurance is increasing from $668 to $1,179. This insurance premium has been charged to your student account.”

Why the increase? “Our student health insurance policy premium has been substantially increased due to changes required by federal regulations issued on March 16, 2012 under the Affordable Care Act.”

“Student healthcare choice has been replaced with expensive ObamaCare mandates.”

“Registration cancellations rising at UNCG, A&T”

“UNCG about two weeks ago canceled the registrations of about 1,300 students because they had yet to pay their tuition bills — the highest number of cancellations since fall 2009, university officials said.””

“Amid chants of protest from about 100 students, the UNC Board of Governors this morning approved President Tom Ross’ proposal for tuition and
fee hikes over the next two years.”

“The cost of health insurance will climb from a range of $61 to $77 monthly to a range of $118 to $133 monthly, according to a memo sent from UNC President Tom Ross to the UNC Board of Governors. On an annual basis, most students will pay about $500 to $700 more in 2012-13, depending on the campus.”

https://citizenwells.wordpress.com/2012/09/04/dnc-convention-september-4-2012-obama-cares-with-obamacare-obamacare-doubles-nc-college-student-health-care-in-2012-lies-lies-more-obama-lies/

It gets worse folks.

From Forbes June 5, 2012.

“Obamacare Increases Costs of College Health Plans by as Much as 1,112%”

“Last March, I wrote a detailed pieceon why Obamacare will dramatically increase the cost of insurance for young people. Yesterday, Louise Radnofsky of theWall Street Journal reported that some colleges are dropping their student health plans for the new academic year, because the new law increases the cost of those plans by as much as 1,112 percent. And no, that’s not a typo.

Most college students are in the peak of health. Hence, covering their health care is usually a pretty easy thing to do. A number of colleges—particularly small, private liberal-arts institutions—offer their students what are called “limited-benefit” plans, which cover health expenses up to a defined cap, such as $10,000. Because expenses are capped, these plans are extremely inexpensive, with premiums ranging from $150-500 per year.

However, Obamacare prohibits capping insurance payouts, causing premiums to skyrocket. For 2013-2014, the law prohibits caps below $500,000 per year; after 2014, caps are banned entirely.”

“Lenoir-Rhyne University in Hickory, N.C. paid $245 per student per year for 2011-2012. Next year, they’ll have to pay $2,507 to meet the law’s requirements.”

http://www.forbes.com/sites/aroy/2012/06/05/obamacare-increases-costs-of-college-health-plans-by-as-much-as-1112/

The folks in Charlotte have been celebrating the success of the convention.

There are a lot of good people there. I hope that they have retained enough religious convictions and common sense to not be blinded by the light. The false light. And not to sell their souls to the devil….again.

52 Comments

Posted in Barack Obama, Charlotte, Citizen News, Citizens for the truth about Obama, CitizenWells, democratic convention, Democrats, Economy, Education, Election 2012, Faith, Family, God, Government, Health Insurance, Healthcare bill, Jobs, Lies, Michelle Obama, NC, News, North Carolina, Obama, Obama administration, Obama lies, Obama Nation, Obama records, ObamaCare, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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Labor force participation rate drops to record low, Unemployment still over 8 percent, .2 percent drop in labor force lowers unemployment rate, White House brags

Posted on September 7, 2012 | 15 comments

Labor force participation rate drops to record low, Unemployment still over 8 percent, .2 percent drop in labor force lowers unemployment rate, White House brags

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984”

The unemployment rate fell by .2 percent only because the labor force participation rate dropped .2 percent to record lows.

From the US Labor Department, BLS September 7, 2012.
“Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care.

Household Survey Data

The unemployment rate edged down in August to 8.1 percent. Since the beginning of this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of unemployed persons, at 12.5 million, was little changed in August. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.6 percent), adult women (7.3 percent), teenagers (24.6 percent), whites (7.2 percent), blacks (14.1 percent), and Hispanics (10.2 percent) showed little or no change in August. The jobless rate for Asians was 5.9 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

In August, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.0 million. These individuals accounted for 40.0 percent of the unemployed. (See table A-12.)

Both the civilian labor force (154.6 million) and the labor force participation rate (63.5 percent) declined in August. The employment-population ratio, at 58.3 percent, was little changed. (See table A-1.)”

http://www.bls.gov/news.release/empsit.nr0.htm

The Labor Force Participation Rate decline can be viewed here.

http://data.bls.gov/timeseries/LNS11300000/

In consistent Orwellian fashion, the White House responded.

“The Employment Situation in August”
“While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007. To create more jobs in particularly hard-hit sectors, President Obama continues to support the elements of the American Jobs Act that have not yet passed, including further investment in infrastructure to rebuild our Nation’s ports, roads and highways, and assistance to State and local governments to prevent layoffs and to enable them to rehire hundreds of thousands of teachers and first responders. To build on the progress of the last few years, President Obama has also proposed an extension of middle class tax cuts that would prevent the typical middle class family from facing a $2,200 tax increase next year.

Today’s report from the Bureau of Labor Statistics (BLS) shows that private sector establishments added 103,000 jobs last month, and overall non-farm payroll employment rose by 96,000. The economy has now added private sector jobs for 30 straight months, for a total of 4.6 million jobs during that period.

The household survey showed that the unemployment rate declined from 8.3 percent to 8.1 percent in August.”

http://www.whitehouse.gov/blog/2012/09/07/employment-situation-august

From CNN September 7, 2012.

“August jobs report: Hiring slows, unemployment falls”

“The labor market lost momentum last month as job growth fell to a disappointingly slow pace.
The unemployment rate fell, but that was largely due to people who stopped looking for jobs.
Are you better off?

The economy added 96,000 jobs in August, down from 141,000 jobs in July, the Department of Labor said Friday.
Economists polled by CNNMoneywere expecting 120,000 jobs to be added in the month.
Meanwhile, the unemployment ratefell to 8.1%, from 8.3% in July.

The drop in unemployment was caused because 368,000 people stopped looking for work and therefore were no longer counted in the survey.
“These numbers are not very strong,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank. “The job market is improving, but only gradually.”

Economists often say at least 150,000 jobs need to be created each month to simply keep pace with the growing population.
The overall job market still has a long way to go recover from the financial crisis. Three years after the recession ended, roughly 12.5 million Americans remain unemployed, and 40% of them have been so for six months or more.”

http://money.cnn.com/2012/09/07/news/economy/august-jobs-report/index.html

15 Comments

Posted in 1984, 2009 Stimulus Bill, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, doublespeak, Economy, Election 2012, Employment, Lies, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Orwell, Orwellian, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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Gallup attacked by David Axelrod aka Joseph Goebbels and Justice Dept., Gallup presented unfavorable polling and jobs data for Obama, 1984 Nazi Germany

Posted on September 7, 2012 | 36 comments

Gallup attacked by David Axelrod aka Joseph Goebbels and Justice Dept., Gallup presented unfavorable polling and jobs data for Obama, 1984 Nazi Germany

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it”…Joseph Goebbels

“Propaganda must not serve the truth, especially not insofar
as it might bring out something favorable for the opponent.”
… Adolf Hitler

“And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″

From Breitbart September 6, 2012.

“GALLUP SUED BY DOJ AFTER UNFAVORABLE OBAMA POLLS, EMPLOYMENT NUMBERS”

“Senior Obama Campaign adviser David Axelrod reportedly contacted The Gallup Organization to discuss the company’s research methodology after their poll’s findings were unfavorable to the President. After declining to adjust their methodology, Gallup was named in an unrelated lawsuit by the DOJ.

Axelrod took to Twitter to direct people to an article by the National Journal’s Ron Brownstein suggesting a flaw in Gallup’s methodology. Brownstein compared Gallup’s demographic sampling predictions to previous election exit polls as well as contemporaneous research released by Pew, CNN/ORC and ABC/WaPo.

The heart of the Obama camp complaint lies with varying predictive models for 2012 turnout. Gallup had predicted a lower minority turnout, effecting Obama’s margin against Romney.

An email chain from Gallup employees reveals the deliberations about how to handle Axelrod:

In response to that suggestion, another senior Gallup official wrote — in an email chain titled “Axelrod vs. Gallup” — that the White House “has asked” a senior Gallup staffer “to come over and explain our methodology too.”
That Gallup official, the email continued, “has a plan that includes blogging and telling WH [the White House] he would love to have them come over here etc. This could be a very good moment for us to [show] our super rigorous methods compared to weak samples etc. …”

The writer named several news organizations with their own polling methodologies, all of which resulted in numbers more favorable to President Obama at the time.

In response to that email, a third senior Gallup official said he thought Axelrod’s pressure “sounds a little like a Godfather situation.”

“Imagine Axel[rod] with Brando’s voice: ‘[Name redacted], I’d like you to come over and explain your methodology…You got a nice poll there….would be a shame if anything happened to it…’”

Since Axelrod first contacted Gallup, the DOJ has become interested in an old allegation made by a former Gallup employee, claiming that the firm violated the False Claims Act by overcharging on their contracts with other federal agencies. Michael Lindley, a former Gallup employee, filed suit against Gallup in 2009 and Gallup was served and responsed to Lindley’s suit in 2010. The DOJ signed on to Lindley’s suit in August of 2012.

Lindley, was a former field organizer in Iowa for the Obama campaign in 2008.

In addition to Gallup’s unfavorable polling numbers on the Obama re-election effort, they have also published employment numbers that are not “politically helpful” for Obama.

“Gallup publishes its research without seasonal adjustments,” William Tate wrote for the American Thinker. ”The BLS’s version applies adjustments in an alchemic formula that’s more mysterious than the Shroud of Turin.”

http://www.breitbart.com/Big-Government/2012/09/06/gallup-doj-axelrod

Remember, I began warning you in early 2008.

From Citizen Wells April 16, 2008.

“I have been comparing the Obama campaign to pre World War II Nazi Germany and Adolf Hitler for many weeks. Of course my claims have been dismissed by Obama supporters and many times I have been personally attacked for asking simple questions about Obama. I am a student of history and have read a great deal about the era leading up to the second world war and also during and after. The more I observe and think about it, the closer the parallels are.

The rise of Adolf Hitler and the Nazi Party

The economic conditions in Germany after World War I were horrible.

Adolf Hitler honed his oratory skills and became a superb speaker.

Adolf Hitler surrounded himself with thugs and Jew haters.

Adolf Hitler and the Nazis blamed the Jews for their problems.

Adolf Hitler spoke of change and a new Germany.

The people of Germany got caught up in the euphoria of the changes that Hitler promised.

The Nazis burned books to eradicate records and contrary thoughts.

The Nazis bullied Jews and other segments of society.

The Nazis were elitists with talk of the Arayan Race.

Adolf Hitler had many people fooled including many jews that never thought all of that evil could happen in their country. moinansari reminded me of this important point. Thank You!

The Barack Obama Campaign

The perceived economic conditions are bad. The economic conditions are perfect here compared to post War War I Germany.

Obama worked on his oratory skills. He is a superb speaker with the ability to mesmerize his followers.

Obama has been surrounded by racists, anti semites, criminals and drug users.

Jeremiah Wright, Louis Farrakhan, and others have blamed white people and Jews for their problems.

Obama constantly speaks of change.

Obama supporters are caught up in the euphoria of the moment and Obama’s promise of change.

Obama has denied having records, not provided records and been extremely evasive when asked to supply records.

Obama supporters have bullied bloggers when questions about Obama or his past are asked. Some of these attacks are clearly orchestrated by the Obama Campaign. Some of these bullies have attacked family members of bloggers.

Obama has recently shown his elitist attitude during his speech in San Francisco. His arrogance parallels Hitler’s Aryan race comments in regard to Obama’s God Like omnipotence in regard to having the answers to problems.

Obama has many people fooled including many Jews that are ignoring all the evil and anti semitism surrounding Obama. Thanks moinansari and God bless you.

The parallels are clear and they are scary!

What is the lesson to be learned?

The German people blindly followed Hitler with his promises of change. Hitler and his cohorts were not scrutinized by enough people. Barack Obama is promising change and many are blindly following in a similar euphoric state. All candidates for the presidency must be questioned and carefully scrutinized.”

https://citizenwells.wordpress.com/2008/04/16/obama-campaign-adolph-hitler-nazi-germany-obama-change-euphoria-blame-others-anti-semitic-attacks-bullying-economy/

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