Breaking: Kirsten Gillibrand is the New Jr Senator of NY!!! Thank you Gov Paterson!!!!

Here they come! It’s her it’s her!! WOOHOO!!!!!!!!

Al D’Amato is on the stage I am going to take a wild leap and hit publish now it must be Kirsten!!!…

gillibrand-and-600_hillary1

Rep. Gillibrand and Hillary in 2006

Governor Paterson just made the announcement!!

covered by FOX LIVE here, the noon presser…here is a lady we need for this seat!!!! Have we mentioned this is the candidate Hillary supported for the job? And you KNOW how we at MiM love moderates, a Blue Dawg Dem is Gillibrand… :0) And we think it is just AWESOME that Rep. Gillibrand has a brand new baby, LOVE it when a mom gets promoted. Children are NOT a bar to a successful career and Governor Paterson knows it! Rep. Gillibrand is the only NY Dem who voted against the 700b TARP boondoggle FYI, not easily pressured is Gillbrand. :0)

Please thank Governor Paterson if you are in NYS:

David A. Paterson
State Capitol
Albany, NY 12224

518-474-8390

email the Governor here

January 23, 2009. Tags: , , , , , , , , , , , , . Economy, Finance, Foreclosures, Hillary Clinton, Housing, Labor Department, Politics, Unemployment Statistics, Wall St. 1 comment.

Unconfirmed-Breaking: Kirsten Gillibrand to be appointed as the new Jr Senator of NY?

Update: Politico picked it up and notes the voting record issue is on guns. Gillibrand has a top rating with the NRA and has written amicus briefs in support of gun rights per the piece. Remember, upstate NY is quite red, and this position while right of many DEM comfort zones, makes her an attractive 2010 campaign prospect for Paterson…:

Still, Gillibrand’s pro-gun positions have aroused opposition in a state where most Democrats, and many Republicans, favor stringent gun control measures. She earned the NRA’s top rating last year and backed a repeal of Washington D.C.’s hand gun ban—even submitting an amicus brief to the Supreme Court in support of pro-gun groups.

“She would not be my choice and I talked to the governor about it two weeks ago,” McCarthy told Politico last night. “This morning I basically started getting calls saying he was going to choose her and I had to speak out, even at the risk of alienating the governor. I do not believe New York should have a senator who has these positions… I just came through the 15th anniversary of when my husband was killed and I my son was maimed from the shooting.”

Several anti-gun groups, including New Yorkers Against Gun Violence, spent Thursday calling Paterson’s office to urge him to pick someone else.

This is UNCONFIRMED BREAKING news…..

all ROY no confirmation yet, but if accurate, Congratulations Rep. Gillibrand!!

congresspersongillibrand

As it just broke  by WPIX:

PIX NEWS is being told that Congresswoman Kirsten Gillibrand is the reported choice of Governor David Paterson to fill the U.S. Senate seat vacated by Hillary Clinton.

-snip

Two members of that delegation, agreeing to speak without attribution, told me that the Governor has telephoned New York’s Democratic members of  Congress for their views after Caroline Kennedy withdrew herself from consideration.  One of the contenders, longterm Congresswoman Carolyn Maloney canceled a scheduled appearance on “PIX News Closeup” tomorrow because of a “conflict,” which she did not disclose. She too will be in Albany. According to the sources, Gillibrand, now in her second congressional term, was favored by Secretary of State Clinton herself. Paterson has been under pressure to select a woman.

With most Democratic leaders in Albany coming from the New York City area, one source said this would be an important move for the Governor to have a Senator from upstate. Sources say Gillibrand would be an asset to Paterson in any bid for election in 2010.

While some insist Gillibrand is the Governor’s choice, another New York Congressman cautioned tonight that “It’s not a done deal.” He claims there is some political in-fighting and ongoing conversations with the Governor. There appears to be some challenge to Gillibrand’s voting record.  She’s now serving her second term. Reached for comment, the Dean of New York’s Congressional delegation, Charlie Rangel, would say nothing more than that he’s been invited to join the governor for an announcement tomorrow morning.

More on Rep. Gillebrand from her House website:

In her first term in office, Congresswoman Gillibrand has established herself as an independent leader in Congress. She was the lead sponsor of legislation that would implement the bipartisan 9/11 Commission Recommendations, which will help protect our borders and keep America safe. She has been an advocate for decreased federal spending, and introduced legislation that would require the federal government – just as all New York families do – to balance their budget every year. Finally, she has made tax cuts for Upstate and North Country families, one of her highest priorities. She has authored legislation that would double the tax credit for child care expenses and make up to $10,000 in college tuition tax deductible.

Congresswoman Gillibrand has taken unprecedented steps to make her office accountable and transparent to her constituents.  She was the first Member of Congress to publish their public schedule online at the end of each day, and as a strong proponent of earmark reform, she voluntarily released every earmark that she requested that would invest in Upstate and North Country priorities.

Congresswoman Gillibrand serves on the House Armed Services Committee and the Agriculture Committee . On the Armed Services Committee, Representative Gillibrand serves on the Terrorism, Unconventional Threats and Capabilities subcommittee and the Seapower subcommittee. On the Agriculture Committee Representative Gillibrand serves on the Livestock, Dairy and Poultry subcommittee, Conservation Credit Energy and Research subcommittee and the Horticulture and Organic Agriculture subcommittee.

In addition to her committee assignments, Congresswoman Gillibrand founded the Congressional High Tech Caucus with Representative Michael McCaul (R-TX) with the goal of ensuring that the United States remains at the forefront of emerging technologies and high tech industries.

During the administration of President Clinton, Gillibrand served as Special Counsel to the U.S. Secretary of Housing and Urban Development, Andrew Cuomo. At HUD she played a key role in furthering HUD’s Labor Initiative and New Markets initiative, working to strengthen enforcement of the Davis-Bacon Act and drafting new markets legislation for public and private investment in building infrastructure to revitalize lower income areas across the nation. Following federal service, Congresswoman Gillibrand entered the private sector, joining one of the Country’s premier law firms. As a partner in the firm, she worked on a wide range of legal and policy related issues, requiring the knowledge and ability to negotiate on the highest levels, skills which serve her constituents well as a Member of Congress.

Kirsten Gillibrand is a firm believer that those in a position to do so have an obligation to “give back” by serving their community. In addition to her responsibilities at the law firm, she maintained an extensive pro-bono practice for clients whose voices are seldom heard and needs seldom addressed. Her service on behalf of abused women and their children, and tenants seeking safe affordable housing without lead paint hazards has been tireless. At the heart of Representative Gillibrand’s core values is the inspiration of her grandmother, Dorothea (Polly) Noonan, who was a founder of the area’s first Women’s Democratic Club and was a pioneer for women’s rights in the region.

Carolyn Maloney was our first choice at MiM, but Rep. Gillibrand is also very well qualified and has been an elected public servant to the people of NY. She knows her constituents upstate and their needs and has wider, national experience as counsel to…. wait for it…Andrew Cuomo! small small world is politics….congratulations NY!!

January 22, 2009. Tags: , , , , , , , , . Economy, Finance, Hillary Clinton, Housing, Labor Department, Politics, TARP, Unemployment Statistics. Comments off.

Go Back Jack, Do it Again…Another 350B…PEBO asks for TARP Tranche Two

(courtesy of Melegorm)

Finally the frakin letter itself!

To be ABSOLUTELY CLEAR HERE, LOL, this is Team PEBO, which is largely comprised of UofC (Fuhrman, Goolsbee both in the meeting with DEM Senate leadership yesterday-the bill in question is coming from the House) and moderate Capitalists (Summers et al) , certainly not economic lefties, snark..

anywho, this is an attempt to head off the legislation Barney Frank has a hearing scheduled on tomorrow. The LETTER is a loose framework of nice words and means nada, I hope Barney passes this legislation before he hands over ANOTHER 350B of the taxpayer dollars with nary a string and a handshake and a letter. He should have learned from the first tranche.

Different players, same story. They are not really that different are they? It is Geithner incoming Treasury Secretary who ran the AIG and CITI bailouts after all….

PASS THAT LEGISLATION BARNEY! Don’t give them the dough without protecting taxpayers this time!!

Update 5: The letter via WGNtv :

President-elect Barack Obama’s top economic adviser tells Congress that the need for the remaining $350 billion of the financial bailout package is “imminent and urgent.”

Larry Summers has written a letter to the bipartisan leadership of the House of Representatives and the Senate to assure lawmakers that the money will be used to help community banks, small businesses, consumers and homeowners as well as large financial institutions.

And more interesting background from KTTC Rochester (via Politico):

Emerging from a two-hour meeting in the Capitol with Obama advisers Lawrence Summers and Jason Furman, Senate Democrats praised the President-elect’s team for agreeing to make changes to its stimulus proposal based off of concerns senators raised last week at a meeting with the president-elect’s senior aides.

The Obama team told about 35 Senate Democrats gathered at Sunday’s meeting that it would grow the size of an energy-tax incentive package and modify proposed tax credits for individuals and for businesses that hire new employees, according to meeting attendees. Also, with lawmakers raising concerns that the first half of the $700 billion of the financial rescue law was badly mismanaged, Obama’s team signaled it would lay out precisely how it would spend the second half of that package, which Congress is expected to consider as soon as this week.

“It’s very clear they’ve listened, they’ve heard and that they’re moving to respond,” said Sen. Kent Conrad, chairman of the Budget Committee, who questioned previously whether the tax credits in the stimulus package were enough to encourage new jobs. “It was very, very healthy. They’re not defensive, not arguing back, they’re listening, they’re attempting to hear and they’re responding.”

Update 4: 12:48pm EST: Update on the ‘letter of understanding’ via FoxBusiness:

The letter includes provisions that would loosely commit the Obama administration to use TARP funds to help troubled homeowners avoid foreclosure; to adopt tougher executive compensation limits and corporate governance standards for firms that participate in TARP, and increase reporting, oversight and disclosure requirements in the program.

The letter would allow the president-elect and Congressional Democrats to avoid a potentially embarrassing veto fight in Mr. Obama’s first weeks in office. The Treasury has spent or committed all of the $350 billion funding in the first half of the $700 billion TARP. To get authorization for the last $350 billion, the president — Bush now, or Obama after he takes office — must submit a report to Congress outlining how the Treasury would spend the money. The funding will be authorized automatically unless Congress votes to approve a “resolution of disapproval” within 15 days of receiving the report.

But the president could veto the resolution. Then to stop the funding, Congress — controlled by the president-elect’s own party — would have to override the veto with a two-thirds vote in the House and Senate.

While sources believe the next $350 billion will come regardless of how the process unfolds, a veto and effort to override it “would set up quite a mess the first weeks in office” for Mr. Obama, a financial industry source said. “That would be a disaster politically.”

Update 3: Larry Summers sending a ‘letter’ FOX reporting -vaguely – that letter indicates they (PEBO Team?) want to get more funds to Main St…

For a GREAT piece on how liberals are viewing the recent PEBO Team activity, read Jimmy Pethokoukis’ column here:

…But it’s Obama’s $800 billion American Recovery and Reinvestment Plan that will be ground zero in this coming liberal internecine battle. “Way too much Reagan, not nearly enough FDR,” griped some key liberals about a plan that would, in addition to the tax cuts, still provide a whopping half-trillion dollars over two years in government spending for infrastructure, healthcare, education, clean energy, grants to states, and aid to lower-income and unemployed folks.

Some of their greatest hysterical hits: 1) “The economic plan he’s offering isn’t as strong as his language about the economic threat,” wrote NY Times columnist Paul Krugman. “In fact, it falls well short of what’s needed”; 2) the Center for American Progress, a liberal think tank founded by Obama transition co-chair John Podesta, said the Obama plan was chock-full of “special interest favorites” and “long-discredited conservative proposals”; 3) Sen. Tom Harkin said Obamanomics “still looks a little more to me like trickle-down,” invoking a Reagan-era economic invective that liberals love to hurl; and 4) Nancy Pelosi, who seems to actually believe the Obama campaign spin that the Bush tax cuts somehow caused the recession, blurted out this gem: “Put me down as clearly as you possibly can as one who wants to have those tax cuts for the wealthiest in America repealed.” Duly noted, Madam Speaker.

(more…)

January 11, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, TARP, Wall St. 1 comment.

More Reasons not to appoint Caroline Kennedy to HRC seat…voters won’t support her in 2010

Wake up and smell the coffee! Be Ambassador to the UK like Grandpa and be grateful for a slow entry into politics Caroline. You do NOT have the chops for NYS and this is not the time to embrace nepotism. Hillary has moxie, Caroline does not, and New Yorkers know it…

Caroline Kennedy, Oprah Winfrey

From Politico:

The poll, conducted by Public Policy Polling, suggests that Republicans would have a credible chance to win the New York Senate seat if Kennedy is appointed. Kennedy leads Republican congressman Peter King by only two points, 46 to 44 percent, in a hypothetical matchup.

Kennedy loses one quarter of the Democratic vote and trails King by 15 points among independents. Only 44 percent of New York voters view her favorably, while 40 percent view her unfavorably.

By contrast, Attorney General Andrew Cuomo – another prospective appointee – would easily be able to hold the seat against King. The poll shows Cuomo leading King by 19 points, 48 to 29 percent.

This poll comes on top of one released yesterday showing her favorability ratings POSITIVELY TANKING BY A WHOPPING 38 POINTS  (from Hot Air by way of Cuffy Meigs’  ‘Perfunction’):

According to Public Policy Polling, of Raleigh, N.C., 44 percent of New York State voters now say they have a less favorable opinion of Kennedy than they did before she started vying for the position. Thirty-three percent say it’s made no difference, and 23 percent report now having a more favorable opinion of her.

Cuomo now leads Kennedy 58-27 in a survey of the preferences of state voters. Among Democrats, Cuomo is ahead of Kennedy 54-34 percent; a month ago, the survey found Kennedy ahead of Cuomo by 44-23 percent among Democrats.

Have we mentioned Congresswoman Maloney ALSO has published a book?? Why yes she has and we love it , so tick that little fauxgressive requirement for office off the list:

(click photo for link to interview with WNYC) : When Congresswoman Carolyn Maloney (D-NY) was a young woman, her grandmother’s career advice for her was to get married. Now Rep. Maloney says that gender inequality is still a big problem in the U.S. Her new book is Rumors of Our Progress Have Been Greatly Exaggerated: Why Women’s Lives Aren’t Getting Any Easier–And How We Can Make Real Progress For Ourselves and Our Daughters.

Carolyn Maloney & her book about women's progress in WNYC studios

Carolyn Maloney & her book about women's progress in WNYC studios

Okay so to summarize, Caroline Kennedy has no practical experience in governance; she has never held a ‘real’ job (the kind where you don’t wear a ballgown and call fellow heiresses for donations;, sorry if that offends but it’s true and this is NY politics now so toughen up m’kay?);

she has zero background in economics, national security or the markets, finance or commerce, and she has a stunningly bad public presence and is in fact condescending to the media and public in a very John Kerryesque way; recall her retort to media in upstate NY:

Q: “‘where are you going?”/ A: “to the car'”

and the gem when she snarkily suggested the reporters inquiring about how she felt when she decided to run, should perhaps work for ‘women’s magazines’ (recall if you will that Glamour gave HRC Woman of the Year and had an event for HRC, Condoleeza Rice and other women; whereas TIME failed to list HRC in top 10 people of 2009 despite her being the first woman in American history to win a Presidential primary)…

We have visited the many sterling qualifications of Rep. Carolyn Maloney (D-NY) here at MiM. We would prefer to keep a woman in the Senate when we have one so imminently qualified with over 15 yrs of public service to the people of NY in the Congress; but we do admire and would also support Andrew Cuomo if we were faced with a Kennedy-Cuomo selection.

AG Cuomo has taken on the eeeeeevil Insurance Companies like nobody’s business, and is NEVER afraid of a fight.

We at MiM think Congress Critter Maloney would selectively choose fights that are more important to the people of NY, and while we are certainly not claiming she is immune to the quest for the spotlight (no pol is), we have to say we think Cuomo would pursue the big media grabbing legislation the way he does as AG.

HRC puts her nose quietly to the grindstone, which ironically hurt her as a POTUS candidate, many outside of NY had no clue of all she has accomplished for her constituents. Maloney governs in that same vein from what we have observed.

So again we prefer Maloney. But no one can say Andrew Cuomo is not qualified, and ‘you know’,  if you are going to pretend to be a monarchy at least take LOCAL ROYALTY which is what Cuomo is…

Let Teddy try to ‘bestow’ HIS seat to Caroline after she gets some time in politics as an Ambassador to a sure and certain ally like the UK….let MASS try to deal with ‘you know’ all the baggage and training issues…sorry MASS but they are your Kennedys…

New York is frankly too important to our economy, to the security of the country and to the current legislation being drafted ie TARP, financial institutions, Wall St,  Main St, immigration and Homeland Security, to install a newbie with no practical experience….

Read more about Carolyn Maloney here and here

Read more about Andrew Cuomo here

about_acuomo…Throughout 2007, Attorney General Cuomo revealed a systemic pattern of deceitful and corrupt practices within the student lending industry, compromising millions of students throughout the country who rely on loans to pay for college. As a result of this investigation, over $3 million was refunded to students and $13.7 million was allocated by lenders to the National Education Fund established by Attorney General Cuomo and dedicated to educating students and their families about how to navigate the lending industry.

Cuomo also created a student lending Code of Conduct which eventually became New York State law as the Student Lending Accountability, Transparency, and Enforcement (SLATE) Act of 2007. Proposed federal legislation regarding the student loan industry also incorporates Cuomo’s original Code of Conduct and has currently been passed by the U.S. House of Representatives and the U.S. Senate.

In 2007, Cuomo also announced an investigation into widespread appraisal fraud within the mortgage industry, examining practices used by some of the country’s largest banks of pressuring appraisers to artificially inflate the value of homes. As a result of these investigations, Fannie Mae and Freddie Mac, the largest purchasers of home loans, agreed to abide by new appraisal guidelines defined by the Attorney General and to fund an Independent Valuation Protection Institute to implement and monitor those guidelines.

(more…)

January 6, 2009. Tags: , , , , , , , , , , . Economy, FDIC, Finance, Foreclosures, Healthcare, Hillary Clinton, Housing, Immigration, Labor Department, Politics, TARP, Terrorism, Unemployment Statistics, Wall St. Comments off.

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