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By Ernest A. Canning on 2/3/2014 6:05am PT  

With Brad Friedman...

After a recent three-to-three decision by a partisan-deadlocked Federal Elections Commission (FEC), Karl Rove may have thought he was off the hook for federal campaign finance violations by his Crossroads GPS organization. Two non-profit, good government groups, however, feel differently. Last Friday, they filed a federal lawsuit [PDF] against the FEC in hopes of forcing the agency to reverse its ruling, revisit the complaint against his group's 2010 electioneering, and to enforce federal campaign finance rules as specified by law.

Late last Friday, Attorneys from the non-partisan Campaign Legal Center and the Public Citizen Litigation Group filed a civil complaint against the FEC in U.S. District Court in Washington D.C.

The suit seeks to reverse what the plaintiffs describe as an "arbitrary" and "capricious" decision by the three Republican FEC Commissioners, in contradiction of the advice of their own staff attorneys, to dismiss the administrative complaint the groups had filed against Rove's organization. That administrative complaint charged that Rove's group violated federal campaign finance law during the 2010 election cycle.

The votes by the three Republican FEC Commissioners effectively quashed any further official investigation into the allegations that Rove's group violated the Federal Election Campaign Act of 1971 (FECA) when it spent the majority of its money during the 2010 election cycle on electioneering, but failed to register as a "political committee" with the FEC, as required by law. Their decision to shut down the investigation came after what the FEC's own staff attorneys found to be a likely violation of the federal campaign finance law.

By dismissing the administrative complaint and shutting the door on the investigation, the Republican FEC Commissioners not only allowed Rove to keep, as a secret, the identity of donors of tens of millions of dollars used to support Republican Congressional campaigns in 2010, but effectively offered Rove carte blanche to conceal donor identities with respect to monies spent in subsequent elections, such as the 2012 election cycle in which Crossroads GPS "spent at least $71 million on federal campaign activity," according to the newly filed federal complaint.

The plaintiffs charge that the FEC's deadlock was the result of "an impermissible interpretation of FECA," and the agency's own published guidelines due to an "abuse of discretion" by the Republican commissioners in a manner that was "otherwise contrary to law"...

--- Click here for REST OF STORY!... ---

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By Ernest A. Canning on 9/16/2013 12:58pm PT  

Today, President Obama offered an address to mark the fifth anniversary of the Lehman Brothers bankruptcy and the beginning of the 2008 collapse of the Wall Street casino or, as the President described it, "the worst economic crisis of our lifetimes." (He also spoke briefly, at the top of his remarks, on our latest mass shooting rampage which took place at the Washington D.C. Navy Yard this morning, reportedly resulting, in the deaths of at least 12 people at the military installation.)

"It was five years ago, this week, that the financial crisis rocked Wall Street, and sent an economy already into recession, into a tail spin," Obama reminded us. "And it's hard sometimes to remember everything that happened during those --- those months, but in a matter of a frightening few days and weeks, some of the largest investment banks in the world failed, stock markets plunged, banks stopped lending to families and small businesses, our auto industry --- the heartbeat of American manufacturing --- was flat-lining."

The President went on to tout the reforms and the recovery that have taken place since that time, arguing that "we’ve cleared away the rubble from the financial crisis and we’ve begun to lay a new foundation for economic growth and prosperity," while conceding "we are not yet where we need to be."

"Most of the gains have gone to the top one-tenth of 1 percent," Obama correctly noted. "So, in many ways, the trends that have taken hold over the past few decades of a winner-take-all economy, where a few do better and better and better, while everybody else just treads water or loses ground, those trends have been made worse by the recession."

Over the weekend, the 40-year old advocacy group, Public Citizen, marked the same occasion of the fifth anniversary of the 2008 crash with an email blast highlighting a few numbers the President did not highlight in his remarks today, including a few jarring stats that remind us how and why, despite the modest recovery and incredibly tepid reforms of the past five years, the "too big to fail" foxes still remain firmly in charge of America's economic hen house...

--- Click here for REST OF STORY!... ---

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