Showing posts with label Jack Lew. Show all posts
Showing posts with label Jack Lew. Show all posts

Saturday, October 7, 2017

Illegal Treasury Dept. financial spying on Americans began under Obama and Jack Lew

From the story here:

Sources said the spying had been going on under President Barack Obama . . .. In October of 2016, Rep. Sean Duffy, the chairman of the House Subcommittee on Oversight and Investigations, sent a letter to then-Treasury Secretary Jacob Lew asking for OIA’s legal authority to collect and retain domestic information.

Nearly one year later, the Congressman has yet to receive an answer, according to a committee staffer.

Saturday, September 23, 2017

Jack Lew, who presided over an 87% increase in the national debt as Treasury Secretary, is suddenly worried about the debt implications of tax reform

From the election of Obama in 2008 until the election of Trump in 2016, $9.2 trillion were added to the total public debt. We've gone from $10.6 trillion in the hole to $19.8 trillion over the period.

Yet now we hear from Jack Lew in The New York Times here that

"digging a deep hole of debt by cutting taxes will make it harder to pay for other priorities. And when that debt makes deficits skyrocket in the future, policy makers would have to choose between raising taxes and cutting investments and vital benefits. ... Some Republican policy makers suggest they may reject mainstream approaches and assume positive economic effects that go far beyond those normally projected by the budget office and the tax committee. ... Such a reckless move would almost surely produce an explosion of debt."

Actually, the Obama Administration dug a deep hole of debt right off the bat by spending money it didn't have, tacking on $600 billion of spending to Bush's last fiscal year, and then regularizing the increase by avoiding the budget process in favor of continuing resolutions, the Congress' new bipartisan method of fleecing the American people. Deficits skyrocketed contemporaneously, and then Democrat policy makers recklessly passed Obamacare with its spendthrift Medicaid expansion. They didn't have to choose between anything.

The only people more full of horseshit than the Republicans are the Democrat engineers of the Obama economic catastrophe.

Monday, March 20, 2017

James Comey couldn't find any information to support "Obama had my 'wires tapped' in Trump Tower"

Yeah, that's because the FBI didn't do it. Plausible deniability.

Congress should subpoena Jack Lew.

Friday, March 10, 2017

If the surveillance of Trump was about "financial transactions" (NYT) and "money from the Kremlin" (McClatchy) maybe the Treasury Dept. spearheaded it

I still haven't read anyone saying this.

Instead of obsessing on the FBI, the CIA, the NSA and the DNI, and on the process, maybe journalists ought to be focusing their efforts on the last named agency instead, and the substance.

If it's about the money, the Treasury Dept. might very well have led the investigation for the government of Barack Obama, and the spying.

McClatchy, January 19th, 2017:

The FBI and five other law enforcement and intelligence agencies have collaborated for months in an investigation into Russian attempts to influence the November election, including whether money from the Kremlin covertly aided President-elect Donald Trump, two people familiar with the matter said.

The agencies involved in the inquiry are the FBI, the CIA, the National Security Agency, the Justice Department, the Treasury Department’s Financial Crimes Enforcement Network and representatives of the director of national intelligence, the sources said.

The New York Times, January 19th, 2017:

American law enforcement and intelligence agencies are examining intercepted communications and financial transactions as part of a broad investigation into possible links between Russian officials and associates of President-elect Donald J. Trump, including his former campaign chairman Paul Manafort, current and former senior American officials said. ...

The F.B.I. is leading the investigations, aided by the National Security Agency, the C.I.A. and the Treasury Department’s financial crimes unit.

Justin Raimondo is so close and yet so far:

So the FISA issue is, I believe, a false trail . . ..

Jack Lew has been awfully quiet.

Monday, March 6, 2017

Assuming Clapper's denial that there was a FISA investigation is true, maybe everyone ought to consider they've been had

James Clapper, who lied to Congress about surveillance in the past and was never prosecuted but should be, has stated over the weekend that there was no FISA investigation at all, contrary to the New York Times and everybody else, as reported here:

For the part of the national security apparatus that he oversaw, "there was no such wiretap activity mounted against the president, the president-elect at the time, or as a candidate, or against his campaign," Clapper told Chuck Todd in an exclusive interview on Sunday's "Meet The Press."

So . . ..

Either Clapper is lying again, or there's an alternative explanation.

The New York Times etc. have been reporting a narrative based on anonymous sources, a narrative which derives from the Obama Administration and which it wanted everyone to believe.

I say it's an "Oh look! A deer!" narrative. It was designed to get the bloodhounds off the trail and follow to an inconclusive nowhere.

The real story instead might be that Obama was using the Treasury Dept. to investigate Manafort, giving the FBI, CIA and the NSA the plausible deniability they have asserted. So far Comey and Clapper have denied any spying on Trump.

Well, the Treasury Dept. was involved according to news reports, but so far no one's asked Jack Lew to comment as far as I know.

It was Manafort's financial connections in Ukraine which the Times reported in the summer which caused Manafort to have to bail from the Trump campaign, and Bannon and Conway to be tapped by Trump in August 2016.

The spying on Trump by the Treasury Dept. might have then continued, quite lawfully, endeavoring to uncover evidence of Trump financial wrongdoing in connection with Russia, or some one else, in order to finish him off, but it failed.

Jack Lew served Obama at Treasury to the bitter end.

[T]he Inspector General of the Department of the Treasury shall be under the authority, direction, and control of the Secretary of the Treasury with respect to audits or investigations, or the issuance of subpenas, which require access to sensitive information concerning— ...
(E) intelligence or counterintelligence matters; or
(F) other matters the disclosure of which would constitute a serious threat to national security or to the protection of any person or property authorized protection by section 3056 of title 18, United States Code, section 3056A of title 18, United States Code, or any provision of the Presidential Protection Assistance Act of 1976 (18 U.S.C. 3056 note ; Public Law 94–524).

Tuesday, August 6, 2013

Total Public Debt Outstanding Stuck At $16.738 Trillion For Over Two Months

The normal explanation for this would be that redemptions of Treasury securities are running at precise equilibrium with issues, which might imply there has been a big shift away from note and bond purchases by the public since the end of May when Ben Bernanke first floated the possibility of a tapering of Fed purchases in the secondary market. Bond outflows in June of nearly $62 billion dramatically reversed a trend (albeit declining) of purchases in 2013 through May.

Theoretically total public debt outstanding occasionally goes down in the rare cases when redemptions exceed issuances, but the maintenance of a consistent level equilibrium is indicative of a deliberate policy, that is, a policy not to exceed the debt limit of $16.7 trillion. This is effected by recourse to extraordinary measures on the part of the US Treasury Dept.

Tax revenues are also running higher in 2013, helping remove pressure from the situation as is the sequester which is curbing outlays. Revenue has also increased from the GSEs, in excess of $59 billion according to Reuters, here. The Associated Press has reported here for July 18th that the current fiscal year deficit is projected to come in over $300 billion less than last year when all is said and done.

Now you know why Congress felt it could take the traditional August recess without doing anything about the debt ceiling. They'll just let Jack Lew sweat it out.

Tuesday, February 19, 2013

Hey Obama! Go Sequester Yourself!


CHRIS WALLACE, "FOX NEWS SUNDAY" HOST: Bob, as the man who literally wrote the book about the budget battle, put this to rest. Whose idea was the sequester, and did you ever think that we'd actually get to this point? 

BOB WOODWARD: First, it was the White House. It was Obama and Jack Lew and Rob Nabors who went to the Democratic Leader in the Senate, Harry Reid, and said, 'this is the solution.' But everyone has their fingerprints on this. (FOX News Sunday, February 17, 2013)

Watch here.

Thursday, January 10, 2013

Secretary of the Treasury Designate Jack Lew is a Prick

That's the basic conclusion of the story here.

Oh well, what's one more prick in an administration full of them, and headed by one?