Obama, Daschle and those Wall Street fatcats

“Only Republicans are corrupt.”
– Steve at White’s Creek

Financial Times – Obama slams Wall Street over bonuses:

President Barack Obama lashed out on Thursday at “shameful” Wall Street executives for claiming billions of dollars in bonuses while their stricken institutions asked taxpayers for support.

Now former Democratic Senator Tom Daschle, Obama’s pick for Housing and Human Services secretary, is in hot water:

It seems Tom Daschle recently paid a little over $100,000 in back taxes and interest after failing to tell the IRS that he was receiving a free car and driver from a Wall Street friend for three years. If you’re keeping track, that’s a little over twice the amount Tim Geithner paid in back taxes and interest.

Powerline:

As a life-long politician, Tom Daschle never earned much money. But he retired from the Senate, after being defeated for re-election by John Thune, as a multimillionaire. He retired to Georgetown, of course, not to South Dakota. This happens a lot in Washington, and Daschle’s case is pretty typical.

His wife Linda is or was a lobbyist, and she was the one who reported the family’s income. (This is inference, since Daschle consistently chose not to make his tax returns public.) Linda Daschle made millions “lobbying” on behalf of various corporate interests. There was no conflict of interest, the Democrats assured us, because Linda Daschle only “lobbied” the House of Representatives, not the Senate, where her husband was either the Majority or the Minority Leader for much of his career.

But wait! If a company hired Linda to lobby House members, the check they wrote went straight into the Senate Majority Leader’s joint checking account. It would have been a felony to write the check to Tom in exchange for political services, but a check to Linda, that went into the same bank account? No problem! She wasn’t lobbying the Senate! So Tom Daschle became a multimillionaire.

Is Tom Daschle a crook, or is it fairer to think of him as a low-level tool of various big-time crooks who play the Washington game by the corrupt rules of the Democratic Party? Either way, it is hard to think of a worse person to put in charge of “reforming” the nation’s health care system.

Yep. If you put government in charge of healthcare you put politicians, unions, and corporations and their lobbyists in charge of healthcare. Because the government is the government they can force you into the system whether you like it or not.

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