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Read the rules in the OP before posting, please.In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. |
On May 16 2013 00:07 mcc wrote:Show nested quote +On May 15 2013 10:24 DeepElemBlues wrote:On May 15 2013 07:18 {CC}StealthBlue wrote:Vermont’s legislature on Monday voted to decriminalize possession of small amounts of marijuana, making the New England state the 17th to relax restrictions on the drug.
The House of Representatives followed an earlier vote in the state Senate in favor of the measure and Governor Peter Shumlin, a strong supporter, was expected to sign it into law.
The law would decriminalize possession of up to one ounce (28.3 grams) of marijuana and also small quantities of hashish, although a civil penalty similar to a traffic fine would still be imposed. SourceSpringfield farmer Ryan Loflin on Monday planted the nation's first industrial hemp crop in almost 60 years.
Loflin's plans to grow hemp already have been chronicled, and Monday's planting attracted the attention of more media in southeastern Colorado and a documentary film crew.
Hemp is genetically related to marijuana but contains little or no THC, the psychoactive substance in marijuana. Hemp has dozens of uses in food, cosmetics, clothing and industrial materials.
Its cultivation in small test plots became legal last year under a Colorado law. The passage of Amendment 64 in November allowed commercial growing, even though hemp, like marijuana, is illegal under federal law.
Loflin is planting 60 acres on acreage previously used to grow alfalfa. He and business partner Chris Thompson also are installing a seed press to produce hemp oil.
Collaborators in the documentary include the Colorado-based advocacy group Hemp Cleans and hemp-products company Hemp Inc. Source Yay! For both stories. http://www.politico.com/story/2013/05/dc-turns-on-obama-91386.html?hp=t1_3The town is turning on President Obama – and this is very bad news for this White House.
Republicans have waited five years for the moment to put the screws to Obama – and they have one-third of all congressional committees on the case now. Establishment Democrats, never big fans of this president to begin with, are starting to speak out. And reporters are tripping over themselves to condemn lies, bullying and shadiness in the Obama administration.
Buy-in from all three D.C. stakeholders is an essential ingredient for a good old fashioned Washington pile-on — so get ready for bad stories and public scolding to pile-up.
Vernon Jordan, a close adviser to President Bill Clinton through his darkest days, told us: “It’s never all right if you’re the president. There is no smooth sailing. So now he has the turbulence, and this is the ultimate test of his leadership.” Jordan says Obama needs to do something dramatic on the IRS, and quick: “He needs to fire somebody. He needs action, not conversation.”
Obama’s aloof mien and holier-than-thou rhetoric have left him with little reservoir of good will, even among Democrats. And the press, after years of being accused of being soft on Obama while being berated by West Wing aides on matters big and small, now has every incentive to be as ruthless as can be.
This White House’s instinctive petulance, arrogance and defensiveness have all worked together to isolate Obama at a time when he most needs a support system. “It feel like they don’t know what they’re here to do,” a former senior Obama administration official said. “When there’s no narrative, stuff like this consumes you.” Someone should tell those right-wing nutjobs in the Democratic party and the press and particularly at Politico (holier-than-thou rhetoric? Instinctive petulance, arrogance, and defensiveness? Wow did Democrat-friendly Politico really say that?) to stop making mountains out of molehills. But they are. All those issues are nearly irrelevant issues that are used to distract from real issues that US faces and both parties do not want to deal with the real issues. Especially the IRS issue. Fuckups by governmental agencies are so common and mostly have nothing to do with specific government that is in power at that time. This specific one is also one of the most benign that I ever heard of. Tax-exemption is nonsense in itself, some unfairness in getting that status is nothing compared to 1000+ fuckups that every administration in past 100 years had on its watch. Should it be dealt with, of course. Is it some big issue that justifies the whole PR campaign that was created around it ? No. Creating artificial PR issues is what politicians do nowadays, especially in US. Seems it works very well for them.
Nice job throwing up one of the lengthiest nothing-but-red-herrings and opinions-as-facts posts I've ever seen.
It's obvious from your post that you are pretty much totally ignorant of the facts of the situation and are more interested in red herrings (oh well tax-exemption is bullshit anyway, not the issue brah), and as such further direct reply is not necessary. Especially considering that your post is not a series of arguments but rather red herrings and unsupported assertions. Quite indignant you are though that the agenda is not being dictated by you though, aren't ya?
http://www.politico.com/story/2013/05/the-irs-wants-you-to-share-everything-91378.html
The Internal Revenue Service asked tea party groups to see donor rolls.
It asked for printouts of Facebook posts.
And it asked what books people were reading.
And here I thought asking for lists of what people read was un-American and fascist and a sign of the downfall of the Republic when George Bush was president. Now it's irrelevant and artificial.
http://www.usatoday.com/story/news/politics/2013/05/14/irs-tea-party-progressive-groups/2158831/
WASHINGTON -- In February 2010, the Champaign Tea Party in Illinois received approval of its tax-exempt status from the IRS in 90 days, no questions asked.
That was the month before the Internal Revenue Service started singling out Tea Party groups for special treatment. There wouldn't be another Tea Party application approved for 27 months.
In that time, the IRS approved perhaps dozens of applications from similar liberal and progressive groups, a USA TODAY review of IRS data shows.
Gee, I wonder if certain events in November 2010 and November 2012 had anything to do with the IRS breezily approving liberal groups and holding up conservative ones.
http://bigstory.ap.org/article/tea-party-targeting-not-disclosed-irs-official
As of December, the delays averaged 574 days, which probably made donors reluctant to contribute, the report said. No group has had their application denied, though about half are still waiting, the IRS said.
Remember, this is a manufactured controversy when liberals don't have to wait and conservatives have to wait almost 1 and 1/2 years.
And remember how asgasfahkjkafa said that delaying status is not the same thing as denying it because "definition." Here's what "delaying status" does. Coincidentally, it's the same effect as denying status. Coincidentally, I'm sure.
http://www.dailymail.co.uk/news/article-2324716/Document-IRS-ordered-conservative-educational-group-turn-list-high-school-college-students-trained.html
When a Tennessee lawyer asked the IRS for tax-exempt status for a mentoring group that trained high school and college students about conservative political philosophy, the agency responded with a list of 95 questions in 31 parts, including an ultimatum for a list of everyone the group had trained, or planned to train.
'Provide details regarding all training you have provided or will provide,' the IRS demanded. 'Indicate who has received or will receive the training and submit copies of the training material.'
That question was part of the tax collection agency's February 14, 2012 letter to Kevin Kookogey. founder of the group Linchpins of Liberty. He had submitted his application 13 months earlier.
'Can you imagine my responsibility to parents if I disclosed the names of their children to the IRS?' he asked MailOnline. It's 'an impossible question to answer fully and truthfully,' he said, 'without disclosing the names of anyone I ever taught, or would ever teach, including students.'
* * *
But Kookogey said a $30,000 grant was canceled as a result of the IRS's months-long radio silence, when he couldn't tell his donor that Linchpins had earned its 501(c)(3) tax-exempt status.
That money would have made a significant difference to the group, judging from its public filings in Tennessee. In 2011, Linchpins of Liberty reported collecting just $3,460 in contributions, and spending $7,328 on its programs.
Oh well, just another right-wing nutjob, we shouldn't care if his ability to participate in the political system was crippled by the federal government's malfeasance. Because if there's one thing I've learned from TL and elsewhere, it's that fascism is kind of sort of okay as long as it's directed against the right people.
http://www.courthousenews.com/2013/03/14/55707.htm
"This is an action involving the corruption and abuse of power by several Internal Revenue Service ('IRS') agents (collectively referred to as 'defendants' herein) during a raid of John Doe Company, in the Southern District of California, on March 11, 2011," the complaint states. "In a case involving solely a tax matter involving a former employee of the company, these agents stole more than 60,000,000 medical records of more than 10,000,000 Americans, including at least 1,000,000 Californians.
"No search warrant authorized the seizure of these records; no subpoena authorized the seizure of these records; none of the 10,000,000 Americans were under any kind of known criminal or civil investigation and their medical records had no relevance whatsoever to the IRS search. IT personnel at the scene, a HIPPA [sic: recte HIPAA] facility warning on the building and the IT portion of the searched premises, and the company executives each warned the IRS agents of these privileged records. The IRS agents ignored and discarded each of these warnings, ignored their own published and public-reliant rules and governing ethical requirements, and ignored the limitations of the court's search warrant authorization, seizing the records under threat of destroying company property."
But remember, you can trust the government not to improperly access information or improperly disseminate it or improperly use it!
This isn't going away just because people like mcc are mad that it means Washington DC isn't focused on how to spend more of other people's money, and how to attack the country's real problems, aka old rich white men.
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Yeah, someone is going to go to jail over this IRS thing. The real question is who will Obama throw under the bus.
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I'm listening to Holder before the House Judiciary Committee laughing. He wasn't involved with it, he can't remember who authorized subpoenas in his department for WIRETAPPING, can't even remember when he recused himself from this matter. I don't know anything and I can't say anything. One's very understandable given the recusal, the other is breathtaking. His department approved secret wiretaps for members of the press and he's left guessing at who gave the order, if he is to be believed.
Wiretapping and the IRS scandals so close together. Can't say the American right is drumming up fake scandals now.
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Before you get all puffed up, you should probably stop using the word "wiretapping", because that's not what happened. It was a record seizure after the fact. Not that that excuses it by any means, but come on now, the American right needs to get its words right if it wants to slam dunk this like they need to.
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On May 16 2013 05:31 Danglars wrote: I'm listening to Holder before the House Judiciary Committee laughing. He wasn't involved with it, he can't remember who authorized subpoenas in his department for WIRETAPPING, can't even remember when he recused himself from this matter. I don't know anything and I can't say anything. One's very understandable given the recusal, the other is breathtaking. His department approved secret wiretaps for members of the press and he's left guessing at who gave the order, if he is to be believed.
Wiretapping and the IRS scandals so close together. Can't say the American right is drumming up fake scandals now.
Holder's probably going to resign just like Gonzalez did. This hearing's almost as embarrassing as the Sara Taylor one to be honest.
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On May 16 2013 05:31 Danglars wrote: I'm listening to Holder before the House Judiciary Committee laughing. He wasn't involved with it, he can't remember who authorized subpoenas in his department for WIRETAPPING, can't even remember when he recused himself from this matter. I don't know anything and I can't say anything. One's very understandable given the recusal, the other is breathtaking. His department approved secret wiretaps for members of the press and he's left guessing at who gave the order, if he is to be believed.
Wiretapping and the IRS scandals so close together. Can't say the American right is drumming up fake scandals now.
Isn't that every politicians answer before any hearing ever.
I dont remember.
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As someone who deposes and cross-examines people for a living, I love it when I get "I don't know" or " I don't remember" as an answer from hostile/opposing witnesses. Not only does it always look bad, but it gives me free reign to shape the narrative in the absence of contradictory testimony.
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On May 16 2013 06:24 xDaunt wrote: As someone who deposes and cross-examines people for a living, I love it when I get "I don't know" or " I don't remember" as an answer from hostile/opposing witnesses. Not only does it always look bad, but it gives me free reign to shape the narrative in the absence of contradictory testimony. Don't worry, we already knew the right was more interested in pushing its narrative than in looking at the facts.
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+ Show Spoiler +On May 16 2013 03:20 DeepElemBlues wrote:Show nested quote +On May 16 2013 00:07 mcc wrote:On May 15 2013 10:24 DeepElemBlues wrote:On May 15 2013 07:18 {CC}StealthBlue wrote:Vermont’s legislature on Monday voted to decriminalize possession of small amounts of marijuana, making the New England state the 17th to relax restrictions on the drug.
The House of Representatives followed an earlier vote in the state Senate in favor of the measure and Governor Peter Shumlin, a strong supporter, was expected to sign it into law.
The law would decriminalize possession of up to one ounce (28.3 grams) of marijuana and also small quantities of hashish, although a civil penalty similar to a traffic fine would still be imposed. SourceSpringfield farmer Ryan Loflin on Monday planted the nation's first industrial hemp crop in almost 60 years.
Loflin's plans to grow hemp already have been chronicled, and Monday's planting attracted the attention of more media in southeastern Colorado and a documentary film crew.
Hemp is genetically related to marijuana but contains little or no THC, the psychoactive substance in marijuana. Hemp has dozens of uses in food, cosmetics, clothing and industrial materials.
Its cultivation in small test plots became legal last year under a Colorado law. The passage of Amendment 64 in November allowed commercial growing, even though hemp, like marijuana, is illegal under federal law.
Loflin is planting 60 acres on acreage previously used to grow alfalfa. He and business partner Chris Thompson also are installing a seed press to produce hemp oil.
Collaborators in the documentary include the Colorado-based advocacy group Hemp Cleans and hemp-products company Hemp Inc. Source Yay! For both stories. http://www.politico.com/story/2013/05/dc-turns-on-obama-91386.html?hp=t1_3The town is turning on President Obama – and this is very bad news for this White House.
Republicans have waited five years for the moment to put the screws to Obama – and they have one-third of all congressional committees on the case now. Establishment Democrats, never big fans of this president to begin with, are starting to speak out. And reporters are tripping over themselves to condemn lies, bullying and shadiness in the Obama administration.
Buy-in from all three D.C. stakeholders is an essential ingredient for a good old fashioned Washington pile-on — so get ready for bad stories and public scolding to pile-up.
Vernon Jordan, a close adviser to President Bill Clinton through his darkest days, told us: “It’s never all right if you’re the president. There is no smooth sailing. So now he has the turbulence, and this is the ultimate test of his leadership.” Jordan says Obama needs to do something dramatic on the IRS, and quick: “He needs to fire somebody. He needs action, not conversation.”
Obama’s aloof mien and holier-than-thou rhetoric have left him with little reservoir of good will, even among Democrats. And the press, after years of being accused of being soft on Obama while being berated by West Wing aides on matters big and small, now has every incentive to be as ruthless as can be.
This White House’s instinctive petulance, arrogance and defensiveness have all worked together to isolate Obama at a time when he most needs a support system. “It feel like they don’t know what they’re here to do,” a former senior Obama administration official said. “When there’s no narrative, stuff like this consumes you.” Someone should tell those right-wing nutjobs in the Democratic party and the press and particularly at Politico (holier-than-thou rhetoric? Instinctive petulance, arrogance, and defensiveness? Wow did Democrat-friendly Politico really say that?) to stop making mountains out of molehills. But they are. All those issues are nearly irrelevant issues that are used to distract from real issues that US faces and both parties do not want to deal with the real issues. Especially the IRS issue. Fuckups by governmental agencies are so common and mostly have nothing to do with specific government that is in power at that time. This specific one is also one of the most benign that I ever heard of. Tax-exemption is nonsense in itself, some unfairness in getting that status is nothing compared to 1000+ fuckups that every administration in past 100 years had on its watch. Should it be dealt with, of course. Is it some big issue that justifies the whole PR campaign that was created around it ? No. Creating artificial PR issues is what politicians do nowadays, especially in US. Seems it works very well for them. Nice job throwing up one of the lengthiest nothing-but-red-herrings and opinions-as-facts posts I've ever seen. It's obvious from your post that you are pretty much totally ignorant of the facts of the situation and are more interested in red herrings (oh well tax-exemption is bullshit anyway, not the issue brah), and as such further direct reply is not necessary. Especially considering that your post is not a series of arguments but rather red herrings and unsupported assertions. Quite indignant you are though that the agenda is not being dictated by you though, aren't ya? http://www.politico.com/story/2013/05/the-irs-wants-you-to-share-everything-91378.htmlShow nested quote +The Internal Revenue Service asked tea party groups to see donor rolls.
It asked for printouts of Facebook posts.
And it asked what books people were reading.
And here I thought asking for lists of what people read was un-American and fascist and a sign of the downfall of the Republic when George Bush was president. Now it's irrelevant and artificial. http://www.usatoday.com/story/news/politics/2013/05/14/irs-tea-party-progressive-groups/2158831/Show nested quote +WASHINGTON -- In February 2010, the Champaign Tea Party in Illinois received approval of its tax-exempt status from the IRS in 90 days, no questions asked.
That was the month before the Internal Revenue Service started singling out Tea Party groups for special treatment. There wouldn't be another Tea Party application approved for 27 months.
In that time, the IRS approved perhaps dozens of applications from similar liberal and progressive groups, a USA TODAY review of IRS data shows. Gee, I wonder if certain events in November 2010 and November 2012 had anything to do with the IRS breezily approving liberal groups and holding up conservative ones. http://bigstory.ap.org/article/tea-party-targeting-not-disclosed-irs-officialShow nested quote +As of December, the delays averaged 574 days, which probably made donors reluctant to contribute, the report said. No group has had their application denied, though about half are still waiting, the IRS said. Remember, this is a manufactured controversy when liberals don't have to wait and conservatives have to wait almost 1 and 1/2 years. And remember how asgasfahkjkafa said that delaying status is not the same thing as denying it because "definition." Here's what "delaying status" does. Coincidentally, it's the same effect as denying status. Coincidentally, I'm sure. http://www.dailymail.co.uk/news/article-2324716/Document-IRS-ordered-conservative-educational-group-turn-list-high-school-college-students-trained.htmlShow nested quote +When a Tennessee lawyer asked the IRS for tax-exempt status for a mentoring group that trained high school and college students about conservative political philosophy, the agency responded with a list of 95 questions in 31 parts, including an ultimatum for a list of everyone the group had trained, or planned to train.
'Provide details regarding all training you have provided or will provide,' the IRS demanded. 'Indicate who has received or will receive the training and submit copies of the training material.'
That question was part of the tax collection agency's February 14, 2012 letter to Kevin Kookogey. founder of the group Linchpins of Liberty. He had submitted his application 13 months earlier.
'Can you imagine my responsibility to parents if I disclosed the names of their children to the IRS?' he asked MailOnline. It's 'an impossible question to answer fully and truthfully,' he said, 'without disclosing the names of anyone I ever taught, or would ever teach, including students.'
* * *
But Kookogey said a $30,000 grant was canceled as a result of the IRS's months-long radio silence, when he couldn't tell his donor that Linchpins had earned its 501(c)(3) tax-exempt status.
That money would have made a significant difference to the group, judging from its public filings in Tennessee. In 2011, Linchpins of Liberty reported collecting just $3,460 in contributions, and spending $7,328 on its programs.
Oh well, just another right-wing nutjob, we shouldn't care if his ability to participate in the political system was crippled by the federal government's malfeasance. Because if there's one thing I've learned from TL and elsewhere, it's that fascism is kind of sort of okay as long as it's directed against the right people. http://www.courthousenews.com/2013/03/14/55707.htmShow nested quote + "This is an action involving the corruption and abuse of power by several Internal Revenue Service ('IRS') agents (collectively referred to as 'defendants' herein) during a raid of John Doe Company, in the Southern District of California, on March 11, 2011," the complaint states. "In a case involving solely a tax matter involving a former employee of the company, these agents stole more than 60,000,000 medical records of more than 10,000,000 Americans, including at least 1,000,000 Californians.
"No search warrant authorized the seizure of these records; no subpoena authorized the seizure of these records; none of the 10,000,000 Americans were under any kind of known criminal or civil investigation and their medical records had no relevance whatsoever to the IRS search. IT personnel at the scene, a HIPPA [sic: recte HIPAA] facility warning on the building and the IT portion of the searched premises, and the company executives each warned the IRS agents of these privileged records. The IRS agents ignored and discarded each of these warnings, ignored their own published and public-reliant rules and governing ethical requirements, and ignored the limitations of the court's search warrant authorization, seizing the records under threat of destroying company property." But remember, you can trust the government not to improperly access information or improperly disseminate it or improperly use it! This isn't going away just because people like mcc are mad that it means Washington DC isn't focused on how to spend more of other people's money, and how to attack the country's real problems, aka old rich white men. Considering most of your posts on the topic are fallacies, appeals to emotions and hypocritical statements you should not point fingers. I know that you are not really capable of distinguishing someone objecting to overreaction to minor issue from "liberal" attack on your sacred ideology, but maybe you could try. Also putting words in my mouth is another awesome debating technique that you are very adept at using. Your last paragraph nicely illustrates that point.
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Americans need to watch more "Yes, minister" to see how easily head of the department can know very little about what is happening
Frankly considering everything that came from Holder in last few years he should have been fired/left long time ago.
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WASHINGTON -- Attorney General Eric Holder told the House Judiciary Committee on Wednesday that he may be comfortable with subpoenaing the phone records of hundreds of journalists if warranted by the facts of a hypothetical case.
“In a hypothetical situation, we’re gonna go after and subpoena hundreds of phone lines, phone records for journalists. Does that offend you as an American?” Rep. Blake Farenthold (R-Texas) asked Holder.
“It would depend on the facts. You’d have to know what the facts were and why the actions were taken,” Holder responded.
But Holder insisted that his Justice Department “does not want to have its actions chill sources” or “have a negative impact on the newsgathering abilities” of reporters.
Holder was sharply questioned by members of Congress from both sides of the aisle about the Justice Department’s subpoena of Associated Press phone records as part of a probe into a national security leak. Holder revealed that he had voluntarily turned over his own phone records as part of the same investigation.
Holder confirmed that it was Deputy Attorney General James Cole, his longtime friend and his number two at the Justice Department, who ultimately signed off on subpoenaing the AP's phone records. In a letter Cole sent to the AP on Tuesday, he argued the subpoenas for AP's phone records -- covering 20 phone lines over the course of two months -- "were limited in both time and scope." Several members of the committee said they wanted answers from Cole directly.
Source
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On May 16 2013 04:29 xDaunt wrote: Yeah, someone is going to go to jail over this IRS thing. The real question is who will Obama throw under the bus. Jail? I think not. This doesn't appear to be a criminal activity.
Tell me, what is the crime at worse?
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On May 16 2013 09:28 paralleluniverse wrote:Show nested quote +On May 16 2013 04:29 xDaunt wrote: Yeah, someone is going to go to jail over this IRS thing. The real question is who will Obama throw under the bus. Jail? I think not. This doesn't appear to be a criminal activity. Tell me, what is the crime at worse? Being a non-elected part of government while a Democrat holds the White House and government cuts are popular.
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On May 16 2013 06:07 Gorsameth wrote:Show nested quote +On May 16 2013 05:31 Danglars wrote: I'm listening to Holder before the House Judiciary Committee laughing. He wasn't involved with it, he can't remember who authorized subpoenas in his department for WIRETAPPING, can't even remember when he recused himself from this matter. I don't know anything and I can't say anything. One's very understandable given the recusal, the other is breathtaking. His department approved secret wiretaps for members of the press and he's left guessing at who gave the order, if he is to be believed.
Wiretapping and the IRS scandals so close together. Can't say the American right is drumming up fake scandals now. Isn't that every politicians answer before any hearing ever. I dont remember.
This is mostly to avoid perjury. Nobody wants to be the next Scooter Libby. Not even Libby wanted that.
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On May 16 2013 09:28 paralleluniverse wrote:Show nested quote +On May 16 2013 04:29 xDaunt wrote: Yeah, someone is going to go to jail over this IRS thing. The real question is who will Obama throw under the bus. Jail? I think not. This doesn't appear to be a criminal activity. Tell me, what is the crime at worse? Quite a few come about if the Obama administration used their power and influence to use the IRS to punish their political opponents. IRS records were leaked, which is a violation of federal law. IRS officials lying to Congress in writing over what they knew. Privileging left-leaning groups for the ability to form a nonprofit and postponing applications for right-leaning groups is violation of federal law governing nonprofits and could be argued to an abridgement of the first amendment right of assembly. Asking for donor lists in this capacity is also a violation of federal law. As an article put it, The IRS wants YOU -- to share everything!
At its worst, if there are emails or anything linking high-ranking officials to this, they may have the criminal proceedings brought against them after FBI investigation. If Eric Holder and the Attorney General's office withhold information after subpoenas, they could face contempt charges, as is possible with the Perez case. As in the AP story, when there's regulations (such as subpoenas on media) and nobody follows them, and nobody owns up to who didn't, after the investigation the criminal charges are filed.
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In other news...
The U.S. regulator overseeing the derivatives market is set to retreat from an ambitious proposal that would have increased competition in the swaps market, handing victory to large banks including JPMorgan Chase and Goldman Sachs.
The Commodity Futures Trading Commission will vote Thursday on final rules that will govern a large portion of transactions in the $633 trillion swaps market. Derivatives are known as swaps because they “swap” risk from one party to another.
The impending regulations will determine how many prices buyers of swaps must solicit when trying to enter into a derivatives contract, the minimum size of large transactions that can be traded outside transparent trading platforms, and how trades can occur on derivatives marketplaces known as “swap execution facilities,” according to officials and agency documents.
Roughly five years after previously unregulated derivatives helped fuel the downfall of large financial institutions and led to a global financial crisis, the rules to be voted on by the five-member commission, led by Gary Gensler, Democratic chairman, represent a big portion of the government's response to rein in risky activities under the Dodd-Frank overhaul of U.S. financial regulation, while also helping to determine the profitability of swaps trading for dealers such as Citigroup and Bank of America.
After failing to persuade a majority of his commission, Gensler conceded on the price solicitation proposal, known as “requests for quote,” or RFQ, officials said. Gensler had originally proposed that buyers of swaps such as institutional investors solicit a minimum of five quotes before entering into a swap.
Source
Two days after President Obama’s commanding reelection victory, House Speaker John Boehner (R-OH) solemnly declared Obamacare the “law of the land” — apparently signaling that it was time to move beyond the GOP’s now-hopeless quest for repeal.
The conservative pushback was swift and brutal. Immediately, Boehner’s office was forced to clarify that he remained committed to repealing the law.
And so House Republicans will vote on Thursday — yet again — to wipe out the Affordable Care Act. By their own count, it’ll mark the 37th time they’ve voted to fully repeal or partially dismantle the President’s signature achievement.
“Albert Einstein defined insanity as, ‘doing the same thing over and over again and expecting different results.’ If that’s true, the House Republicans have truly lost their minds,” Senate Majority Leader Harry Reid (D-NV) said Wednesday, calling the Obamacare repeal vote “political kabuki” and highlight the cost of the GOP’s dead-end effort.
Conscious that the vote may be perceived as a futile partisan exercise, Boehner’s office is working the referees to aggressively prebut that characterization and frame his party’s ongoing repeal effort as responsible. A memo his office sent to reporters Tuesday noted that only two of the previous 36 votes were for full repeal and that a few of them, which rescinded funds for smaller pieces of Obamacare, were signed into law.
GOP leaders weren’t eager to hold this vote. Last month, led by Majority Leader Eric Cantor (R-VA), they tried a different strategy by bringing up a bill to transfer funds from one progressive piece of Obamacare to the law’s underfunded high-risk pool which covers preexisting conditions. But conservatives revolted, grumbling that it shores up part of Obamacare and muddles their message. Cantor and GOP leaders were forced to pull the bill at the last minute, depriving them of a talking point about helping sick people.
Behind the scenes, some conservative health wonks who supported Cantor’s bill fretted that the GOP lacks credibility on health care policy. But new Republican members complained that they had not yet had the change to vote to repeal Obamacare. The vote was announced shortly after.
Source
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On May 16 2013 12:41 Danglars wrote:Show nested quote +On May 16 2013 09:28 paralleluniverse wrote:On May 16 2013 04:29 xDaunt wrote: Yeah, someone is going to go to jail over this IRS thing. The real question is who will Obama throw under the bus. Jail? I think not. This doesn't appear to be a criminal activity. Tell me, what is the crime at worse? Quite a few come about if the Obama administration used their power and influence to use the IRS to punish their political opponents. IRS records were leaked, which is a violation of federal law. IRS officials lying to Congress in writing over what they knew. Privileging left-leaning groups for the ability to form a nonprofit and postponing applications for right-leaning groups is violation of federal law governing nonprofits and could be argued to an abridgement of the first amendment right of assembly. Asking for donor lists in this capacity is also a violation of federal law. As an article put it, The IRS wants YOU -- to share everything! At its worst, if there are emails or anything linking high-ranking officials to this, they may have the criminal proceedings brought against them after FBI investigation. If Eric Holder and the Attorney General's office withhold information after subpoenas, they could face contempt charges, as is possible with the Perez case. As in the AP story, when there's regulations (such as subpoenas on media) and nobody follows them, and nobody owns up to who didn't, after the investigation the criminal charges are filed. Where is that coming from?
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If you want more information on why disclosure of private tax returns to unauthorized parties is against the law, please see: Internal Revenue Code Section 1603
For the statements to the applications for 501(c) pending applications, that would be Section 6801(b)(3) (asking for facebook/emails primarily). I might also add here that subjecting certain groups to undue scrutiny based on political beliefs violates the Equal Protection clause of the 14th amendment. Let me know if you have a problem with the IRS's statement of
Under no circumstances will the Internal Revenue Service tolerate discrimination by its employees, grantees, contractors, and/or subcontractors. NO ONE shall be excluded from participating in, be denied the benefits of, or be subject to discrimination because of: race, color, sex, national origin, disability, reprisal, or age in programs or activities funded by the Department of Treasury. If you truly believe that releasing confidential records on partisan grounds is in keeping with the law, you may pore through the rest of the internal revenue code.
If you have need of additional information on why lying in written testimony to the judiciary committee is breaking the law or the matter of first amendment rights violations (approving left-leaning group's applications while delaying others with select criteria), do some more searching and you'll find them.
As an interesting side note, Holder was found in criminal and civil contempt of congress for failure to provide documents during the Fast and Furious scandal. That was last year and he emerged virtually unscathed.
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On May 16 2013 06:24 xDaunt wrote: As someone who deposes and cross-examines people for a living, I love it when I get "I don't know" or " I don't remember" as an answer from hostile/opposing witnesses. Not only does it always look bad, but it gives me free reign to shape the narrative in the absence of contradictory testimony.
If you're a slick enough politician it might not matter. Reagan accidentally read his stage directions during a hearing once: "If the question comes up at the Tower Board meeting, you might want to say that you were surprised." But he was still Teflon
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