Showing posts with label Elliott Associates. Show all posts
Showing posts with label Elliott Associates. Show all posts

Tuesday, June 14, 2011

Ann Marie Buerkle: She's Disgusted ... Call a Waaaambulance

Waaaa...Ann Marie is disgusted. (See bottom of blog for coverage of Ann Marie's disgust.) Join the club. Blueskygirl has been disgusted since November.

Buerkle cries foul and claims the Democratic Congressional Campaign Committee puts politics above people. 

Hmmmm...Blueskygirl sits sipping her coffee this morning and wondering how that argument squares with Buerkle's having done not one damn thing to create jobs? Her denial of global warming and all its implications? Her blithe answers to questions about energy policy? Her incessant push to destroy Planned Parenthood? Her wicked support by silence for wars that have cost this country 1.2 Trillion (that's not a typo) dollars and the lives of thousands of soldiers, not to mention the costs to whole civilian populations of Iraq, Libya, Afghanistan and Pakistan?

Yeah, Ann Marie, you sure show us every day how you put people above politics. Boy, is Blueskygirl chastened!
  
So, what, exactly, about the robo calls isn't true, Ann Marie? Because you do support tax breaks for millionaires and corporations.

You do continue to support a Medicare voucher system that will quickly become unaffordable for many seniors. 

You do keep pushing the idea that Medicare won't change for people over 55. That is, Blueskygirl admits, consistent with your narrow view of your job when it comes to serving the people in your district. Let younger people deal with the massive problems you and your miserable excuse for parties, Republican and Tea, are fighting to create. 

Blueskygirl gets the distinct feeling that what really disgusts Buerkle is having to face real music. Her constituents are upset, and they should be upset. Buerkle is a foot soldier for politicians who intend to continue to gut programs that help people with reduced and limited resources while pandering to corporations and the wealthy. 

Buerkle is at her best not having to actually listen to real people with real concerns. She's got all the answers, supplied to her by daily Republican and Teaparty briefings on how to handle the folks back home.

That's why Paul Singer and company, (see Blueskygirl's blogs here,)  love people like dilettante politician Buerkle.

New York Times columnist Paul Krugman explains how the Republicans and the Teaparty plan to destroy Medicare: 

Between an aging population and rising health costs, then, preserving anything like the programs for seniors we now have will require a significant increase in spending on these programs as a percentage of G.D.P. And unless we offset that rise with drastic cuts in defense spending — which Republicans, needless to say, oppose — this means a substantial rise in overall spending, which we can afford only if taxes rise.

So when people like Mr. Boehner reject out of hand any increase in taxes, they are, in effect, declaring that they won’t preserve programs benefiting older Americans in anything like their current form. It’s just a matter of arithmetic.

Which brings me back to those Republican freshmen. Last year, older voters, who split their vote almost evenly between the parties in 2008, swung overwhelmingly to the G.O.P., as Republicans posed successfully as defenders of Medicare. Now Democrats are pointing out that the G.O.P., far from defending Medicare, is actually trying to dismantle the program. So you can see why those Republican freshmen are nervous.

But the Democrats aren’t engaging in scare tactics, they’re simply telling the truth. Policy details aside, the G.O.P.’s rigid anti-tax position also makes it, necessarily, the enemy of the senior-oriented programs that account for much of federal spending. And that’s something voters ought to know. 


Krugman's complete and excellent article is here.

Here is the "disgusted" article from Human Events, 6/14/11, by John Gizzi

'Disgusted' Rep. Buerkle Fires Back at DCCC 'Mediscare' Calls

“Disgusted” is how a freshman Republican House member told HUMAN EVENTS she felt after a day of her office answering telephone calls generated by the Democratic Congressional Campaign Committee that led to tearful constituents asking whether the GOP lawmaker wanted to “end Medicare.” 

“Some of my constituents were in tears and probably can’t sleep tonight because robocalls from the DCCC told them that the [House Republican] budget will get rid of their Medicare,” an outraged Rep. Ann Marie Buerkle (R.-N.Y.) told us.  “Those kind of tactics are mean-spirited and they lack integrity.

“I’m disgusted at the DCCC because, clearly, they put politics above people.”

A clearly angry Buerkle contacted HUMAN EVENTS last Thursday evening, after her district office was deluged with what she said were “at least one hundred telephone calls from constituents generated by robocalls from the DCCC claiming that I was supporting a ‘plan to end Medicare’ that increases the debt because of ‘more tax breaks for millionaires and corporations.’ ”

“Finally, after our staff left in the early evening, I began answering some of the calls myself,” recalled Buerkle, one of three former nurses elected to the House in the Republican sweep last fall and a strong supporter of the Medicare reform plan in the GOP budget.  “Some of my constituents were in tears, and asked me why Republicans wanted to get rid of their Medicare.  I explained—to several callers, in fact—that the Republican plan does not ‘get rid of Medicare,’ that it doesn’t even affect anyone over 54, and preserves health care for the next generation of senior citizens.”

The Syracuse-area lawmaker also told HUMAN EVENTS that the technology in the robocalls “apparently permitted the person receiving them to just press a number and be connected to my office.  And they were urged to protest what the Democrats claimed was the Republican position on Medicare.  This is something we’re going to have to face and deal with.” 

Buerkle wasn’t the only House member getting “Mediscare” calls.  Her office told me that she was one of 13 House Republicans on a DCCC “target list” for robocalls that refer to them as backers of a “plan to end Medicare.”  (
Politico later published the list of “Targeted Members,” which includes 12 freshman Republicans and six-term Rep. Steve King of Iowa.  All are considered vulnerable to a Democratic assault next year.)

Last month, Democrat Kathy Hochul won a nationally watched special election for the House seat in a Buffalo, N.Y., area district that had been in Republican hands for four decades.  Because her campaign was based in part on charges that her opponent wanted to “end Medicare,” it was widely expected that Democrats would expand this kind of broadside nationwide and especially at GOP lawmakers in marginal districts.

However, by upsetting senior citizens to the point of tears in some cases, Buerkle charges, Democrats “have gone too far—and I’m disgusted.” 

TARGETED REPUBLICAN MEMBERS:

“Arizona Rep. Ben Quayle, Florida Rep. Dan Webster, Iowa Rep. Steve King, Illinois Rep. Bobby Schilling, New Hampshire Rep. Charlie Bass, Nevada Rep. Joe Heck, New Jersey Rep. Jon Runyan, New York Representatives Nan Hayworth and Ann Marie Buerkle, Ohio Rep. Steve Chabot, Pennsylvania Rep. Lou Barletta, South Dakota Rep. Kristi Noem and Virginia Rep. Scott Rigell.” (Alex Burns and James Hohmann, “Medicare Wars,”
Politico Morning Score, 06/09/11)

Sunday, March 6, 2011

In Case You Wondered How Big Money Gets Into the Right Mailbox to Help the Little Guys and Gals

Just to try to bring this whole campaign finance thread around Ann Marie Buerkle and Paul Singer of Elliott Associates and Elliott Management hedge funds to a logical conclusion, here are data about contributions from Elliott  to AMB's 2010 campaign, and specific contributions attributed to various employees of both Elliott companies.

I laugh as I write "logical conclusion". The project has given me a big headache. This is only one very tiny corner that may not yet be entirely swept out and lighted. There is nothing logical about it, and it is in no way conclusive. Onward.

We repost, with thanks, the following data which was collected and posted by www.OpenSecrets.org: 

Top 5 Contributors [organizations*], 2009-2010, Campaign Cmte
Contributor
Total
Indivs
PACs
Elliott Management
$22,999
$22,999
$0
Every Republican is Crucial PAC
$15,000
$0
$15,000
Freedom Project
$10,000
$0
$10,000
Susan B Anthony List
$10,000
$0
$10,000
Free & Strong America PAC
$8,620
$0
$8,620

*The organizations themselves did not donate, rather the money came from the organization's PAC, its individual members or employees or owners, and those individuals' immediate families. Organization totals include subsidiaries and affiliates.        
                                                                                 $$$$$$$$$$$$$$$$$$$$$$$$$

Top 25 Contributions [individuals]
Election Cycle:  2010
Ann Marie Buerkle 
Results 1–25 of 25 contributions totaling $28,799 from 1/01/2010 to 11/22/2010 for election cycle 2010. Contributions data provided by the Center for Responsive Politics.

Date         Amount   Contributor            Interest           Occupation/                 City, State, Zip
                                                                  Group              Employer

6/30/10      $500  Ayaz, Akbar     Hedge Funds    Manager/Elliott          Stamford CT 06902
                                                                                      Management
6/30/10  $1,200  Miller, Brian P.  Hedge Funds    Portfolio Manager/     Greenwich CT 06831   
                                                                                      Elliott Management
6/30/10   $2,400  Miller, Giovanna Hedge Funds    Homemaker/Elliott     Greenwich CT 06831
                                                                                      Management
6/30/10   $2,400  Miller, Giovanna Hedge Funds    Homemaker/Elliott     Greenwich CT 06831 
                                                                                      Management              [ed. note: this appears                    
                                                                                                                    to be a duplicate post]    
3/30/10   $2,400   Levine, Mark        Hedge Funds    Investment Manager  London UK
                                                                                      /Elliott Management
11/17/10 $2,400  Klarman, Seth A.  Hedge Funds   Investor/Baupost      Chestnut Hill MA02467 
                                                                                   Group
6/30/10     $500      Stephan,          Hedge Funds    Accountant/Elliott    Morganville NJ 07751
                              Michael                                          Management
6/30/10 $1,200      Rizzi, Peter J.  Hedge Funds    Trader/Elliott             Monroe
                                                                                      Management           Township NJ 08831
6/30/10  $2,000     Horn, Keith L.         Hedge Funds    COO/ Elliott              Woodcliff Lake NJ     
                                                                                       Management             07677
6/30/10     $500     Phillips, Andrew Hedge Funds    Systems                   Livingston NJ 07039
                                                                                      Coordinator/Elliott
                                                                            Associates
6/30/10     $500     Bose, Rajat            Hedge Funds   Manager/Elliott        Princeton NJ 08540
                                                                                      Management
6/30/10   $1,200    Nadell, Joshua Hedge Funds   CFO/Elliott                 Short Hills NJ 07078 
                                                                           Management
6/30/10     $833 Joel, Edward T. Hedge Funds  Chief Compliance      Ho Ho Kus NJ 07423
                                                                           Officer/Elliott
                                                                           Management
6/30/10     $500 Pollina, Joseph Hedge Funds   Finance/Elliott           Seaford NY 11783
                                                                            Management
6/30/10 $100 Montoya-Tybicki,    Hedge Funds Finance/Elliott           New York NY 10019
Vernice                                        Management
6/30/10 $166 Feig, Jason B.         Hedge Funds Accountant/Elliott      New York NY 10021
                                                                              Management
6/30/10     $500 Driscoll, Kyle E. Hedge Funds Operations Mgr/ Forest Hills NY 11375
                                                                            Elliott Management
6/30/10 $1,000 Levine, Joshua L.    Hedge Funds Accountant/Elliott       West Hempstead
                                                                            Management              NY 11552
6/30/10 $1,000 Sica, Frank V.         Hedge Funds Finance/Soros Fund Bronxville NY 10708
                                                                            Management
6/30/10 $500 Rinat, Guy               Hedge Funds Manager/Elliott Great Neck NY 11020
                                                                            Management
6/30/10 $2,000 Greenberg, Elliot      Hedge Funds Finance/Elliott           New Rochelle NY 
                                                                             Management              10804
6/30/10 $100 Reinhardt-               Hedge Funds Middle Office/           Staten Island NY 
Gonzales, Elliott Management    10304
Kimberly A.
6/30/10  $100 Sorgle, Daniel          Hedge Funds Finance/Elliott           Plainview NY 11803
                                                                              Management
11/12/10 $2,400 Singer, Paul             Hedge Funds CEO/Elliott                New York NY 10024
                                                                              Associates
11/19/10 $2,400 Loeb, Daniel S. Hedge Funds President/Third New York NY 10023
                                                                               Point LLC

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Read the details about our data sources and methodology.
Contributions data provided by the Center for Responsive Politics (OpenSecrets.org)
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Tuesday, March 1, 2011

25th Congressional District Tea Partiers, Do You Feel Cuckolded Yet?

Ann Marie's New Friends, (continued) or What on Earth Would Paul Singer of Elliott Management and Elliott Associates Have in Common with Tea Partiers of Upstate New York?


Please meet Paul Singer who, along with several colleagues at hedge funders Elliott Management and Elliott Associates, contributed many thousands of dollars to AMB's 2010 campaign. Why? Does Singer originally come from Wayne County and have an earnest love for his home and roots?


Has he even heard of Wayne county, or Cayuga or Monroe (well, actually yes; he received his B.S. from UofR) or Onondaga counties?


Singer is a hedge fund trader, and this is from his bio in Wickipedia:

Some of Elliott’s distressed securities trading has been in sovereign debt, most recently those of Argentina and Congo-Brazzaville, through its association with the 'Kensington International' fund. In 1995, Elliott bought $20 million face value of defaulted Peruvian bank debt. After extensive litigation proceedings Elliott won a court award of $58 million for these debts, including past due interest. More recently Elliott bought $32.6 million in loan debt incurred by Congo-Brazzaville, allegedly for less than $2.3 million.[4] In 2002 and 2003 a British Court awarded Elliott more than $100 million for these debts, $39 million of which was subsequently recouped by interception of proceeds of the sale of oil by the Congo to Glencore International, a Swiss commodities and raw materials supplier.[5]


Singer's full Wikipedia bio:http://en.wikipedia.org/wiki/Paul_Singer_(businessman)