Author Archives: Admin

Fed: Americans’ wealth dropped 40 percent

The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes.

The Federal Reserve’s detailed survey of consumer finances showed
families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010
— a 39 percent decline. That put them on par with median wealth in
1992. 

The Fed’s data underscore the depth of the wounds of the Great Recession and how far many families remain from healing. The median value of Americans’ debt did not change between 2007 and 2010. Meanwhile, the housing market crash inflicted particularly severe damage, with the Fed showing that the median value of Americans’ equity in their homes plunged 42.3 percent between 2007 and 2010.

The survey is conducted every three years, and this report offers one of the most exhaustive looks to date at the greatest economic upheaval in a generation. Although there have been some signs that the recovery has picked up steam — housing prices have begun to stabilize and unemployment has fallen — Fed economists said those improvements largely do not change the survey results.

“Recovery from the so-called Great Recession has also been particularly slow,” the Fed said in its report.

Click here for more from The Washington Post.

Slow and Somnolent, or Fast and Furious? A first look at Oklahoma’s Second Congressional District race

OKLAHOMA CITY — In Oklahoma’s Second Congressional District, the retirement of a popular Democratic incumbent has set off a race among 10 candidates, including three Democrats and an independent.
 
At least from the perspective of the state Capitol in Oklahoma City, the race has appeared rather quiet, perhaps even slow and somnolent. 
 
That seems likely to change as the primary race for both major parties enters a final, two week sprint. Despite an overwhelming registration advantage for Democrats, the district is a conservative bastion that twice previously elected Republicans (former U.S. Rep. Wes Watkins and current U.S. Sen. Tom Coburn). 

There are a total of six candidates in the Republican primary race. The man spending the most money is Markwayne Mullin of Westville, owner of a plumbing business in Broken Arrow.
 
Mullin’s candidacy is under scrutiny in wake of news stories in The Tulsa World and the Claremore Daily Progress.
 
The World’s Randy Krehbiel reports Mullin “has become the subject of a high-profile whisper campaign concerning the 2009 arrest and conviction of an employee on federal gun charges.” 
 
In both the blogosphere and among election watchers, there is widespread speculation as to whether or not Mullin was ever – or could in the future be – legally scrutinized for his ties to Timothy Lee Saylor, a Mullin Plumbing employee arrested in February 2009 for a wide range of federal firearms offenses.
 
After nearly a year of legal maneuvering, Saylor pleaded guilty to one count of being a felon in possession of firearms and ammunition illegally. Several months later, he began to serve a two-year federal prison sentence.

The World’s Krehbiel reported Mullin said Saylor did not face normal company background checks because he had entered Mullin’s business after purchase of another firm.
 
A local police investigative affidavit in 2009 raised questions about Mullin’s ties to Saylor. Mullin has dismissed the sourcing of that document as arising from a disgruntled former employee.
 
Investigation 781065-09-0077 by the federal Bureau of Alcohol, Tobacco and Firearms (ATF) pointed to an apparent “straw purchase” of one shotgun found in Saylor’s possession.   One witness, the Daily Progress reported, said Mullin fit the description of the purchaser. Violations of federal firearms laws are subject to a five-year statute of limitations.
 
Local police did not investigate the straw purchase, nor did they investigate Mullin giving a convicted felon access to firearms. A Broken Arrow police officer concluded it was “reasonable” to believe Mullin would not have known Saylor was a felon.
 
The district’s conservatism has led varied analysts to peg it as a potential Republican pick-up, yet the Democratic registration advantage tempers such analysis. The “straw purchase” issue could emerge as divisive, even as Republicans nationally pursue investigations of the “Fast and Furious” controversy touching U.S. Attorney General Eric Holder. This week, the U.S. House began contempt proceedings against Holder, saying he has not cooperated with congressional investigations of the gun-running scandal.
 
Mullin has faced strong criticisms from his Republican opponents in the aftermath of an ambivalent Federal Election Commission deadlock on whether or not ubiquitous advertising for his business (and a weekly radio program) amounted to illegal corporate contributions for his congressional run.
 
Each one of the half-dozen hopefuls in the Grand Old Party’s primary is running as multi-issue economic and social conservative, and ardent critics of President Barack Obama. The contest has thus far been less contentious than might have been expected, yet the last two weeks are expected to prove more divisive.
 
A debate slated for Okmulgee Tuesday night could begin to highlight differences among the Republicans.  The joust among the six hopefuls is set for the Oklahoma State University-Okmulgee student center at 7 p.m.
 
In addition to Mullin, Republican hopefuls include state Rep. George Faught of Muskogee, a current state representative, and former state Rep. Wayne Pettigrew of McAlester, a native of eastern Oklahoma who served at the state Capitol representing an Edmond district in the 1990s.
 
Faught, who has hundreds of precinct-level volunteers, and Mullin appear to be competing for a spot in the August 28 runoff; however, Pettigrew is campaigning hard and could fashion a surge into the second round.
 
Marc Nuttle, a national analyst based in Norman, told CapitolBeatOK that, as a veteran of Paul Weyrich’s national conservative organizing efforts in the 1970s and 1980s, he has been impressed with Faught’s modeling the classic New Right “Kasten Plan” (named for former U.S. Sen. Bob Kasten of Wisconsin). In terms of precinct organization, Nuttle reflected, “The integrity of personal contact is often paramount in races like this.” Nuttle contends that massive media expenditures, while effective in most cases, may not be so in a sprawling rural district with relatively small numbers of Republicans.

Former Oklahoma Labor Commissioner Brenda Reneau, a Fort Gibson native, praised Pettigrew in comments to CapitolBeatOK, while stressing she is not involved in the race and is not making an endorsement. She said as a legislator Pettigrew “took his work seriously and represented that district well. He was more than a great representative – he was a person of integrity, professional at all times. It was a pleasure to work with him during my tenure.” Commissioner Reneau served 12 years, as the first woman and first Republican to win the Labor job via election. 
 
Both Dakota Wood, a retired Marine lieutenant colonel from Claremore, and Dustin Rowe, an attorney and former mayor of Tishomingo, have demonstrated organizational ability and have drawn support.
 
Rounding out the GOP field is Dwayne Thompson, a pastor from Fort Gibson.
 
In wake of the rise of James Lankford in the Fifth Congressional District in 2010, few analysts are willing to count anyone out in Oklahoma’s competitive Republican primaries. Lankford, a former youth camp director, began as the darkest of dark horses, but surged to primary, runoff and general election victories after impressive performances in debates.
 
Three Democrats are seeking their party’s nomination on June 26.
 
Businessman Wayne Herriman of Muskogee and retired teacher Earl Everett of Fort Gibson are both in the race. Rob Wallace of Fort Gibson, a former district attorney and assistant U.S. Attorney, is the third hopeful and may be the frontrunner in his party.
 
In the primary, Wallace has the backing of former Governor Brad Henry.
 
Echoing departing incumbent U.S. Rep. Dan Boren of Muskogee, Wallace and Herriman have declined to support President Barack Obama’s reelection, while Everett has backed the incumbent.
 
Regardless of the two major party nominees, independent candidate Michael Fulks will be waiting in November. 


About the author:  Patrick B. McGuigan, an award-winning journalist with more than three decades of experience in news reporting, policy analysis, and commentary. McGuigan is also senior editor at The City Sentinel, a weekly newspaper, and capitol editor for Tulsa Today, an online news service. He contributes regularly to Perspective, the monthly publication of the Oklahoma Council of Public Affairs (OCPA), a 501(c)(3) tax-exempt research organization. Previously, he was managing editor of The City Sentinel and contributing editor for Tulsa Today.
 

Rally for Freedom

The “Stand up for Freedom” rally in downtown Tulsa Friday was much more than a Catholic event.  As Rev Jim Miller, Pastor, First Presbyterian Church said in opening prayer, “this is not a Catholic issue or even a religious issue, but what appears to be an egregious disregard of the First Amendment.”

The Tulsa gathering was one of 160 rallies held at noon Friday in 49 states organized locally by the Family Life office of the Catholic Diocese of Tulsa.  

“We are Catholics, Protestants and nonreligious people who believe freedom of religion is important.  

Tulsa Today recorded several of the day’s presentations which are now posted on YouTube.

Constitutional attorney Leah Farish said the religious exemption for organizations that serve their own members “is such an alien understanding of Christian practice that one must conclude that either a militant ignorance or a true hostility to religion underlies the law.”  Click here to view the video of Farish’s statements.

Bishop Edward J. Slattery of the Diocese of Tulsa said Tulsa Catholic institutions would not comply with the mandate.

“For the first time ever in the history of our nation, our government has issued its citizens an ultimatum that would force us to either to violate our conscience or violate the law of the land,” Slattery said.

“When it comes down to a choice between following our conscience or following the mandate, our path is clear.  We will not comply.  Neither will we withdraw from our religious commitment to serve all in need without regard to religion,” he said adding, “Not today.  Not tomorrow.  Not ever.”

Click here to view Bishop Slattery comments on YouTube.

House committee schedules contempt vote

CBS News is reporting that the House Oversight Committee will vote next week on whether to hold Attorney General Eric Holder in contempt of Congress. 

It’s the fourth time in 30 years that Congress has launched a contempt action against an executive branch member.  This time, the dispute stems from Holder failing to turn over documents subpoenaed on October 12, 2011 in the Fast and Furious "gunwalking" investigation.

The Justice Department has maintained it has cooperated fully with the congressional investigation, turning over tens of thousands of documents and having Holder testify to Congress on the topic at least eight times.

However, Rep. Darrell Issa, R-Calif., says the Justice Department has refused to turn over tens of thousands of pages of documents. Those include materials created after Feb. 4, 2011, when the Justice Department wrote a letter to Congress saying no gunwalking had occurred. The Justice Department later retracted the denial.

"The Obama Administration has not asserted Executive Privilege or any other valid privilege over these materials and it is unacceptable that the Department of Justice refuses to produce them. These documents pertain to Operation Fast and Furious, the claims of whistleblowers, and why it took the Department nearly a year to retract false denials of reckless tactics," Issa wrote in an announcement of the vote to be released shortly. It will reveal the vote is scheduled for Wednesday, June 20.

Click here to read more from CBS News.

Al-Qaida offers livestock for leaders

In a parody of US bounties on terrorists, a Somali Islamist terrorist group is offering camels and chickens for information on location of US President Barack Obama and US Secretary of State Hillary Clinton.

Fuad Muhammad Khalaf of the Shabaab al-Mujahideen Movement in Somalia made the offer after Friday prayers, according to the SITE Intelligence Group, which monitors militant organizations.

"Whoever reveals the hideout of the idiot Obama will be rewarded with 10 camels, and whoever reveals the hideout of the old woman Hillary Clinton will be rewarded 10 chickens and 10 roosters," he said, according to SITE.

On Thursday, the US State Department offered a reward of $5 million each for the whereabouts of Khalaf and three associates, as well as $7 million for information about al Shabaab founder and commander Ahmed Abdi aw-Mohamed. A bounty of $3 million was offered for the location of two other officials of the organization.

Click here for more from The Jerusalem Post.