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Election

Karl Rove’s Secret Money Crossroads GPS Attacks Bob Kerrey For Supporting Bush’s Bank Bailout

Former Sen. Bob Kerrey (D-NE)

Former Sen. Bob Kerrey (D-NE)

In late 2008, as the nation’s entire financial system stood on the verge of collapse, Democrats and Republicans came together to pass the Emergency Economic Stabilization Act. President George W. Bush signed the bill, bailing out Wall Street banks who were up to their metaphorical noses in toxic assets. Former Sen. Bob Kerrey (D-NE), then a private citizen and college president, told Politico at the time that, contrary to 2008 presidential GOP nominee Sen. John McCain’s (R-AZ) earlier fears, the government intervention had been initially successful.

Now a secret-money outside spending group tied to Karl Rove, the man perhaps most responsible for the Bush presidency, is running a new attack suggesting that Kerrey had somehow acted inappropriately because he expressed his opinion.

War hero Bob Kerrey, after retiring from the Senate in 2001, is running to reclaim his old seat this November. The “issue advocacy” ad, titled “Disturbing,” says:

Bob Kerrey supported the Wall Street bailout while serving on the board of a company that tried to exploit it. Kerrey’s company tried a bureaucratic ploy to get bailout funds, but the ploy failed. These schemes were called a “disturbing trend” by an independent watchdog, violating the spirit fo the law to jump on the gravy train. For Bailout Bob Kerrey, it’s Wall Street ways, not Nebraska values. Tell him, support balanced budgets, not bailouts.

Watch the spot:

Nearly everything in this ad is disingenuous. The ad strongly implies that Kerrey had had something to do with the enactment of TARP. He was not a senator at the time, nor a lobbyist. The ad’s only citation for the argument is the 2008 Politico article in which Kerrey spoke positively about the bailout after the fact.

The insurance company mentioned in the ad — Genworth — was one that Kerrey advised, but did not control. It allegedly tried to buy a struggling bank to qualify for bailout funds — a move that even the watchdog concedes was totally legal. The group cited in the ad — the Project On Government Oversight — wrote to Congress: “We do not accuse these companies of wrongdoing in acquiring other financial institutions.”

If the secret funders behind Crossroads GPS bothered to look at the record, when Kerrey left the Senate in 2000, the budget was indeed balanced. Kerrey was the deciding vote in the Senate in 1993 for President Clinton’s budget reconciliation act, which set the nation on the path of deficit reduction (his yes vote, combined with the vice president’s, allowed Democrats to pass the bill without a single Republican supporter). In fact, he left a roughly $236 billion dollar surplus.

It was “Bailout Bush” and “Bailout Rove” who turned that the budget surplus into a $1.2 trillion deficit. What is “disturbing” is that Crossroads GPS is using money from undisclosed donors to run ads aimed at misleading voters.

Security

Meet New Anti-Obama Super PAC Donor Irving Moskowitz

Right-wing donor Irving Moskowitz

Karl Rove’s super PAC American Crossroads just got a new big-league donor. Bingo kingpin Irving Moskowitz gave $1 million to the group, according to a report by Paul Blumenthal at the Huffington Post.

Moskowitz generates his millions from a bingo enterprise in California. The catch is that the gambling license requires that Moskowitz only hand over 1 percent of gross receipts to the city so long as the rest of the profits go to the tax-exempt Irving I. Moskowitz Foundation (net holdings: $52 million). Through this foundation, Moskowitz gives to a bevy of less-than-savory causes — American Crossroads and its dishonest attacks are just the latest. Blumenthal notes that donations involving electoral politics are a relatively new thing for Moskowitz, but he’s got a long history of backing far-right-wing causes. Here are some of his greatest hits:

  • Islamophobia – Since 2002, the foundation has given $485,000 to the Center for Security Policy, a hawkish Washington think tank run by former Reagan administration official and conspiracy theorist Frank Gaffney. As reported in CAP’s “Fear, Inc.,” Gaffney’s group pushes Islamophobia in the U.S., and Gaffney has proclaimed that practicing the Islamic faith is tantamount to “sedition.” Gaffney, who thinks President Obama is Muslim, also leads the advisory group of the Islamophobic group Clarion Fund, which produces documentaries that have been denounced as “inflammatory” and once published approving comments about Norwegian anti-Muslim mass-murderer Anders Breiviks views.
  • “Birthers” – Since 2006, Moskowitz’s foundation gave $200,000 to the Western Center for Journalism (WCJ), a non-profit founded by Joseph Farah. WCJ describes Farah as “the brains behind WND.com news website.” Formerly known as World Net Daily, WND is a hub for “birtherism,” the conspiracy theory that President Obama’s publicly released birth certificate is a fake, and that Obama therefore is not a U.S. citizen nor eligible to be president. WND even hosts conferences on the issue and WND Books published Jerome Corsi’s “Where’s the Birth Certificate?” tome just after Obama’s long-form certificate was publicly released — though that hasn’t stopped WND’s conspiracy theories. WCJ’s blog, naturally, pushes the same, lame discredited theories.
  • Israeli settlements – By far, Moskowitz’s most generous philanthropic work — and other non-philanthropic funding — goes toward projects linked to Israel’s settlement enterprise in East Jerusalem and the West Bank, considered “illegitimate” by the U.S. government and international bodies. In addition to gifts of at least $1.985 million to projects in West Bank settlements like Kiryat Arba and Kedumim, Moskowitz’s and his wife’s foundations have donated more than $300,000 to the Hebron Fund, which supports some 800 ideological settlers living in the Palestinian West Bank city. Moskowitz also focuses on East Jerusalem, giving huge sums to developments there, including one million dollars in the late 1980s to purchase a defunct hotel and, as of the late 1990s, more than $2 million to support a religious pro-settlement group in East Jerusalem called Ateret Cohanim.
  • So far, the millionaire-backed American Crossroads took cash from an oil speculator to run an ad campaign absurdly accusing Obama of driving up gas prices. If the ad campaigns are, as with this case, linked to the donor’s pet causes, American Crossroads could be on its way to putting out some of the most vicious attack ads of the election season.

    Security

    FLASHBACK: Rove After Bin Laden Raid: ‘Obama Did A Remarkable Job Of Leadership. It Was A Very Tough Decision’

    Yesterday, former top President George W. Bush adviser Karl Rove published an opinion piece in the Wall Street Journal lamenting that the U.S. raid that killed Osama bin Laden was regarded as an “epic achievement,” and stating that “Obama did what virtually any commander in chief would have done in the same situation.” “Even President Bill Clinton says in the film ‘that’s the call I would have made.’” Only, as ThinkProgress noted yesterday, Bush explicitly did not do what Obama did: take the decision to strike at bin Laden.

    As for the selective and misleading Clinton quote, the Wall Street Journal was forced to acknowledge it, updating the online version of the article and appending this note:

    Editor’s note: An earlier version of this column included an incomplete quote from Bill Clinton in the last paragraph.

    Indeed, Clinton actually said, “I hope that’s the call I would have made.” But Rove’s politically-motivated deceitfulness went even farther than that. Among the various and gracious laudatory statements by former Bush officials about the raid that killed bin Laden were several from Karl Rove himself.

    Speaking to Politico for an article published just the day after the raid, Rove said his first reaction was “elation.” The Politico article goes on:

    “President Obama did a remarkable job of leadership. It was a very tough decision” to opt for a special operations assault rather than dropping a precision bomb, Rove said.

    In his first email exchange with the former president, Rove said Bush wrote: “Great day for justice.

    Furthermore, Media Matters points out that Rove, also the day after the raid, tweeted, “Justice has been done to Osama bin Laden: all Americans are proud of our military, intel & Presidents Bush, Obama. USA! USA!” Here’s the tweet:

    To recap: Rove experienced “elation” and thought Obama did a “remarkable job” in making a “tough decision” in ordering the raid to get bin Laden. But now it seems for Rove, politics trumps conviction.

    Security

    Rove: Obama Order To Get Osama Bin Laden Not An ‘Epic Achievement’

    Photo: Justin Sullivan, Getty Images

    Former Bush adviser Karl Rove took to the Wall Street Journal op-ed pages today to try to push back against President Obama’s new campaign video “The Road We Traveled” narrated by Tom Hanks, which documents some of the more important decisions the president has made in his first term.

    Rove took issue with Hanks’ assertion in the video that Obama’s order to kill Osama bin Laden showed the “ultimate test of leadership”:

    As for the killing of Osama bin Laden, Mr. Obama did what virtually any commander in chief would have done in the same situation. Even President Bill Clinton says in the film “that’s the call I would have made.” For this to be portrayed as the epic achievement of the first term tells you how bare the White House cupboards are.

    As Obama’s former top adviser David Axelrod pointed out on Twitter today, Rove completely mischaracterized Clinton’s quote from the film. The former president actually said of the bin Laden raid: “When I saw what had happened, I thought to myself, I hope that is the call I would have made.”

    And former Defense Secretary Robert Gates — himself a Republican who has served numerous presidents in security related roles — doesn’t quite see it the same way as the former president’s chief political operative. “I’ve worked for a lot of these guys,” Gates said on 60 Minutes last year, “and this is one of the most courageous calls — decisions — that I think I’ve ever seen a president make.”

    So why this blatant dishonesty from Rove? Given the difficulty with which to assign any political liability to the president for ordering the death of history’s most notorious terrorist, the Republicans’ strategy in this campaign season has been to either downplay Obama’s role in nabbing bin Laden or to pretend that he didn’t have anything to do with it.

    But Rove is also probably trying to run interference. Rove said Obama “did what virtually any commander in chief would have done” in ordering the bin Laden raid — virtually any commander-in-chief that is, except his former boss President Bush. Bush famously said of bin Laden in 2002: “I really just don’t spend that much time on him” and in 2006, he reportedly said the al Qaeda leader was “not a top priority use of American resources.” In 2005, Bush shut down the CIA unit that was dedicated to finding bin Laden’s whereabouts and the New York Times reported that Bush and then Defense Secretary Donald Rumsfeld abandoned a plan to capture senior al Qaeda members in early 2005 because they “decided it was too risky and could jeopardize relations with Pakistan.”

    So it turns out that “virtually” everything in Rove’s op-ed about Obama, Clinton and bin Laden isn’t true.

    Politics

    Billionaire Romney Backer: The Ultrawealthy Have An ‘Insufficient Influence’ Over Politics

    In an interview with the Chicago Tribune, Ken Griffin, a hedge fund billionaire who is one of the 400 richest people in America, argued that the ultrawealthy in this country don’t have enough influence over politics. Griffin went on to say that the ultrawealthy “have a duty” to step forward and save the U.S. from what he says is a drift toward Soviet-style state control of the economy:

    Q. I’m going to come back to this. But I want to touch on two more areas first. What do you think in general about the influence of people with your means on the political process? You said shame on the politicians for listening to the CEOs. Do you think the ultrawealthy have an inordinate or inappropriate amount of influence on the political process?

    A. I think they actually have an insufficient influence. Those who have enjoyed the benefits of our system more than ever now owe a duty to protect the system that has created the greatest nation on this planet. And so I hope that other individuals who have really enjoyed growing up in a country that believes in life, liberty and the pursuit of happiness – and economic freedom is part of the pursuit of happiness – (I hope they realize) they have a duty now to step up and protect that. Not for themselves, but for their kids and for their grandchildren and for the person down the street that they don’t even know …

    At this moment in time, these values are under attack. This belief that a larger government is what creates prosperity, that a larger government is what creates good (is wrong). We’ve seen that experiment. The Soviet Union collapsed. China has run away from its state-controlled system over the last 20 years and has pulled more people up from poverty by doing so than we’ve ever seen in the history of humanity. Why the U.S. is drifting toward a direction that has been the failed of experiment of the last century, I don’t understand. I don’t understand.

    He also complained that this is a “very sad moment in [his] lifetime,” citing the now-familiar Republican charge that the Obama administration has “embraced class warfare.”

    Griffin is the founder and CEO of Citadel Asset Management, a Chicago-based hedge fund. In recent years, has lavished some of his estimated $3 billion net worth on a wide variety of right-wing groups and Republican candidates.

    He and his wife contributed $150,000 to the pro-Romney Super PAC, Restore Our Future, joining nine other billionaires who contributed a total of $2.8 million to the group during the second half of last year.  Griffin has also contributed the maximum allowable amount directly to Mitt Romney’s campaign, $550,000 to Karl Rove’s American Crossroads Super PAC, $1.5 million to the Koch brothers’ Americans for Prosperity, $560,000 to the Republican Governors Association, $38,300 to the Republican National Committee, $72,900 to the National Republican Senatorial Committee, $30,000 to the National Republican Congressional Committee, the $5,000 maximum to Paul Ryan (R-WI)’s Prosperity PAC, and $4,000 to Majority Leader Eric Cantor’s (R-VA) Every Republican is Crucial PAC.

    While Griffin has contributed to some Democratic candidates for federal office in the past (mostly those from his home state of Illinois or who sit on congressional committees overseeing taxation and the financial industry), over the two most recent election cycles he has given just $2,500 to one Democrat while contributing $55,300 to Republicans candidates, including Sens. Scott Brown (MA), Marco Rubio (FL), Dan Coats (IN), Pat Toomey (PA), and Mark Kirk (IL) and Reps. Ryan, Cantor, and Sean Duffy (WI).

    Griffin said that ultrawealthy individuals like himself should “absolutely” be allowed to donate unlimited amounts to Super PACs and political campaigns, citing “rules that encourage transparency.” However, he added that he views actual transparency with “trepidation,” noting a successful campaign that progressives launched against Target after it made a post-Citizens United corporate contribution to a group supporting an extreme anti-gay Republican gubernatorial candidate in Minnesota.

    Climate Progress

    Rove’s Crossroads GPS Drops $500,000 Ad For Latest Solyndra Attack

    Karl Rove and Ed Gillespie

    Karl Rove’s Crossroads GPS has released a new smear ad criticizing President Obama on the administration’s investment in the solar company Solyndra. The $500,000 ad is scheduled to run throughout the week, nationwide.

    As President Obama said in his State of the Union address, his administration is committed to the promise of American clean energy, even though some companies may fail to others in the marketplace. 180,000 pages of documents from a Congressional investigation confirmed that the Department of Energy’s investment in the advanced technology of Solyndra was based on the merits.

    The group, created by Karl Rove and former Republican National Committee Chairman Ed Gillespie, launched their 35-second TV spot dishonestly painting “the Solyndra loan guarantee as a corrupt deal aimed at benefiting the president’s campaign donors,” the Hill reports:

    “He gave his political backers billions – a big government fiasco- infused with politics at every level,” says a female narrator over the obligatory “SE7EN”-style, cut-and-paste imagery typical of super-PAC attack ads. “Laid off worker: forgotten. Typical Washington. Tell President Obama we need jobs not more inside deals.”

    This is the second Crossroads GPS attack ad that uses Solyndra as a scapegoat for the clean economy.

    Fossil-fueled conservatives are dead set on turning their imagined Solyndra scandal into a coordinated attack on the clean energy industry. The Crossroads GPS campaign is only the latest in a string of attack ads meant to play up the Solyndra bankruptcy as a potential liability for Obama in the coming election year. To date, Americans for Prosperity, the front group for the petrochemical billionaire Koch brothers, has spent over $8 million in battleground states — Michigan, North Carolina, Ohio, Virginia and Wisconsin — on two intentionally misleading ads taking aim at President Obama over Solyndra.

    -Fatima Najiy

    Media

    Fox News Gives Free Airtime For Employee Karl Rove’s Partisan Attack Ads

    Earlier this year, Karl Rove bemoaned, “America is likely to see the most negative re-election campaign ever mounted by a sitting president.” Meanwhile, “Rove’s deep-pocketed attack group” American Crossroads has been relentlessly releasing one partisan attack ad after another. In that vein, Crossroads released an ad this week mocking Obama for defending his record of accomplishments.

    One of Rove’s most powerful employers, Fox News, rewarded their employee’s partisan attack group with a lot of free airtime. The ad was featured on Fox’s Sean Hannity show, on Fox’s “The Five,” and during Fox’s daytime hours. On Hannity, Crossroad’s communications director Jonathan Collegio was invited to talk about the ad. Rove himself appeared as a guest on another show to tout his own ad.

    Fox pundits lauded the ad as “brilliant,” “pretty funny,” “very effective,” “fabulous,” and “my favorite ad of the year.” Fox guest host Mark Steyn even criticized CNN for failing to cover the ad. Watch a compilation:

    As the website American Crossroads Watch notes, “Rove’s group is funded by secret corporate donations made possible by a 2010 Supreme Court decision, Citizens United, allowing unlimited corporate funding of elections. Press reports indicate that AC is planning to amass and spend at least $52 million this year to support candidates friendly to Big Business, all without disclosure or accountability.”

    In addition to all the airtime that Rove’s group will be able to afford, Fox News is making clear that it will do its part to market the partisan content to its audience in glowing terms. As Media Matters notes, Fox also gave another one of Rove’s attack ads free publicity and endorsements back in Novemeber.

    Politics

    Karl Rove Urges GOP To Pass Two-Month Payroll Tax Extension: ‘They’ve Lost The Optics On It’

    On Fox News this afternoon, GOP uber-strategist Karl Rove advised House Republicans to pass the Senate’s two-month payroll tax holiday extension because “they’ve already lost the optics on it.” Rove made it clear he was not happy with the Senate bill and urged Republicans to “lambaste Democrats” for not passing a full-year extension, but said at this juncture, Republicans have no other options. Watch it:

    Meanwhile, Sen. John McCain (R-AZ) said a Wall Street Journal editorial slamming House Republicans on the payroll tax fight “was right on the mark.”

    Climate Progress

    Karl Rove Ad Piles On Solyndra Smears, Endangering Clean Energy

    Karl Rove’s Crossroads GPS has the latest ad that piles on with Solyndra smears, seeking to scapegoat clean energy investment for political points. The Crossroads ad “Typical,” released in a national buy, attacks Solyndra — a company once backed by private investors of all political stripes and the Bush administration — as an opportunity for the Obama administration to supply handouts to donors:

    Rove’s ad follows a similar one from the Koch brothers, part of a disturbing trend of fossil-driven politics that attacks not only environmental protection but even clean energy business.

    Contrary to the ad’s fear-mongering tone and surrounding media witch hunt, the consequences of Solyndra’s bankruptcy have been completely distorted. A recent Bloomberg Government report found Solyndra’s loan constitutes less than one percent of all federal loan guarantees, concluding “the focus on Solyndra is not proportional to its impact.” If conservatives’ witch-hunt cut off federal commitment to renewable energy, it may “jeopardize the remaining projects under review, calling into question the potential of new-to-market energy projects” for renewable energy. Bloomberg reports that ending investment in renewables would generate no budget savings, but it would cause great harm to the industry.

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