[Update: September 11] Censored! IRS Scandal Being Buried by Big Three Networks

The Big Three (ABC, CBS, NBC) networks have colluded with the Obama administration to censor the latest IRS scandal news. The latest: On September 11 the Wall Street Journal’s editorial page, in an article headlined “Lois Lerner’s Own Words,” reported the following: “In a February 2011 email, Ms. Lerner advised her staff—including then Exempt Organizations Technical Manager Michael Seto and then Rulings and Agreements director Holly Paz—that a Tea Party matter is ‘very dangerous,’ and is something ‘Counsel and [Lerner adviser] Judy Kindell need to be in on.’ Ms. Lerner adds, ‘Cincy should probably NOT have these cases.’

That’s a different tune than the IRS sang in May when former IRS Commissioner Steven Miller said the agency’s overzealous enforcement was the work of two ‘rogue’ employees in Cincinnati. When the story broke, Ms. Lerner suggested that her office had been unaware of the pattern of targeting until she read about it in the newspaper. ‘So it was pretty much we started seeing information in the press that raised questions for us, and we went back and took a look,’ she said in May.”

The WSJ Review & Outlook piece went on to note: “Earlier this summer, IRS lawyer Carter Hull, who oversaw the review of many Tea Party cases and questionnaires, testified that his oversight began in April 2010. Tea party cases under review are ‘being supervised by Chip Hull at each step,’ Ms. Paz wrote to Ms. Lerner in a February 2011 email. ‘He reviews info from TPs, correspondence to TPs etc. No decisions are going out of Cincy until we go all the way through the process with the c3 and c4 cases here.’ TP stands for Tea Party, and she means 501(c)(3) and 501(c)(4) nonprofit groups.” So far ABC, CBS and NBC have yet to report this story.
 

Last Time Any Aspect of the IRS Scandals Was Mentioned on Big Three Morning and Evening Shows:

ABC - June 26 (78 days)

CBS - July 24 (49 days)

NBC - June 27 (77 days)

Via: Newsbusters

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Gasparino: GM’s Devil’s Bargain

GM’s devil’s bargain - Still stuck with Uncle Sam

The Obama campaign raves about how it “saved the auto industry” — that is, the government’s bailout mainly of General Motors — and so preserved millions of jobs.

But if it was such a success, why is the bailout losing so much money — and why do current GM managers want nothing to do with Washington as they try to save the company?

The answer: They know that with the lefties in the Obama administration breathing down their necks, their chances of ever restoring GM to its past glory are anywhere from slim to none.

Of course, it’s hard to feel sorry for GM’s management, which news reports and my own sources say has been prodding the administration to sell off its remaining 26.5 percent stake in the company. GM’s bosses invited Uncle Sam in — tough luck for them that he doesn’t want to leave.

For way too long, the Big Three — GM, Ford and Chrysler — kept on cutting generous wage and benefit deals with their unionized workforce as if it was still the 1950s and ’60s, when foreign competition didn’t exist. By 2009, that heyday was long, long past — and the Great Recession brought their highly flawed business model crashing down.

The $17 billion in loans from the Bush administration in its waning days wasn’t enough. GM and Chrysler came hat in hand to the President Obama for a little more hope and change.

An easy solution would have been to let the companies reorganize under Chapter 11 of the bankruptcy code. They’d have had a good chance to survive; plenty of other companies have restructured under bankruptcy protection and emerged later as viable businesses. American Airlines is doing it right now, and without major disruptions in service, or mass layoffs.

As it turned out, Chrysler and then GM did declare banktuptcy — but the resolution wasn’t the normal court-overseen reorganization. Under Obama, the feds dumped in tens of billions more into the companies and took controlling stakes in an industry that was once a bedrock of free-market capitalism.

In the administration-overseen restructuring, bondholders got hit hard in what many legal experts say was a violation of bankruptcy laws, and dealerships around the nation got slammed

.

But the president’s buddies in the United Auto Workers largely feasted. Sure, the absurd “jobs bank” — Detroit’s version of a “no show job,” where the auto companies basically handed fired workers free money — got shut down. And new hires lost out on the old guaranteed pensions for the market-driven 401-k plan that most of the rest of us rely on for retirement.

Via: New York Post

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