Jacob Lew OMB: Businesses will Leave US to Escape Financial Regulations

Jacob Lew, a deputy secretary of state replacing Obama's current Office of Management and Budget (OMB) director, says if the rest of the world does not pass financial regulation and reform similar to the Obama administration's, American companies will flee the U.S. to locations where their businesses will not be hindered by government. Lew says it would be "a natural tendency" to escape the "tough" regulations. The statement in the video comes at about 58 seconds-in. Background on Lew here.




Jacob Lew on Obama Financial Regulations (video)

Peter Orszag Healthcare Rationing Panel: Independent Payment Advisory Board: Death Panels Explained

Orszag, Obama's director of Office Management and Budget (OMB), says an "independent payment advisory board will propose changes that bring about quality and efficiency rather than "quantity," and those proposals will become law automatically, unless Congress votes it down.
Orszag is asked if Congress understood this provision and he says: "yes, it was.... See an important video below.

Peter Orszag Healthcare Rationing Panel: Independent Payment Advisory (video)

Acorn Funding Restored: Acorn Funding Slips under the Radar

Peter Orszag, Obama's director of Office of Management and Budget (OMB) ordered resumed funding  for ACORN. With recent news that ACORN, a community organizing group that Barack Obama once worked for has gone underground, changed their tainted name...and somehow is back in the saddle with taxpayer monies.

After several ACORN offices across the U.S. were videotaped giving advice on how to avoid paying business taxes and how to hide the fact that the business was prostitution of 13-year-old girls smuggled into the U.S., Congress cut off funding.

ACORN took it to court and won a temporary injunction by Judge Nina Gershon, which has now turned into a permanent injunction.

ACORN has been charged with election fraud in Nevada. Two ACORN workers in Wisconsin are charged with election fraud. Ohio has filed a RICO suit against ACORN. Read here about ACORN's fraudulent voter registrations. Read Gateway Pundit for Obama's past association with ACORN. Read BigGovernment for a link to Orszag's letter directing the spigot open, and asks why the DOJ cannot achieve a stay in this case until the appeal is concluded.

Linked by The Lonely Conservative - The News We Aren't Hearing during the Health Care Debate

Linked by And So I Go...Yesterday, Today Tomorrow - Thank You!


Related and Background:
ACORN Maryland Admits O'Keefe and Giles Shut Them Down: We Should Have Fixed Our Problems

Katherine Conway Russell, Philadelphia ACORN - New Video

ACORN Organizer says Atty. Gen. Jerry Brown will find fault with O'Keefe and Giles

Andrew Breitbart and Eric Holder: Breitbart - More Tapes, Whistleblowers

ACORN Brooklyn Cleared in Pimp Prostitute Undercover Tapes

Obama Transparency Website Found Not Transparent , Not Accurate, Not Reliable

The GAO found legislation written by then-senator Barack Obama to establish a website to track "the $1 trillion handed out in federal contracts," to be in compliance of being created, but not in compliance with being transparent. The problem: the information posted is "missing or unreliable." It is the job of the Obama White House to maintain the website, but hey, it's just a law, for which this presidency has no respect. We have a website, paid for with taxpayer dollars, that is not transparent, not accurate, and not reliable.

Not everything that should have been reported was reported, and that which was reported was not always accurate," David Powner, the GAO [Government Accounting Office] official who led the audit said in an interview.

The audit of  USAspending.gov  covered the period from June 2009 to March 2010. A total of nine federal agencies failed to report 15 government contracts, the audit showed.

The OMB [Office of Management and Budget] also did not include information on subcontracts, which was required under the bill advanced by then-senator Obama and Sen. Tom Coburn (R-OK). Nor does the OMB "have a plan or process in place" for including such information, the report said.

A spokesman for Senator Coburn said "It's clear the public's demand for transparency continues to exceed the government's ability to deliver transparency."

Obama Overhauls Government Contract Awards: Favors Unions - Refuses to Explain High Road Legislation

by Maggie Thornton

Obama has yet another new program. This one is called the 'High Road.' The High Road is expected to take a low road to directing government contracts to unionized companies. So far it is business as usual. The administration refuses to release details to appropriate members of Congress...and even notified Senate staffers that they had no intention of supplying details.

The senators, led by Susan Collins (R) of Maine, want to know more about the High Road contracting policy said to be forthcoming from the White House. The proposal, backed by liberal advocacy groups and organized labor, would implement widespread changes in federal procurement to favor contractors that pay higher wages and provide benefits. Critics contend the administration is leveraging federal contracting for political purposes and believe the new standards would heavily favor unionized companies competing for federal contracts.

The most recent letter sent to the White House and Peter Orszag, the director of the Office of Management and Budget Director, reveals some of the problems with the way High Road is being handled, including a notice to staffers that a detailed briefing will occur only after the legislation is completed:

The limited discussion our staffs have had with the OMB on this initiative have provided virtually no detail.

Indeed, they have included an utter lack of information regarding the factors that would form the basis for contracting decisions under the "High Road" initiative, any cost/benefit analysis that would support the initiative and any measure that would mitigate the negative effects of the proposal.

Moreover, our staffs have been notified that detailed briefing will occur only after the administration has reached a decision on this proposal.

This approach is unacceptable. Significant changes to federal procurement policy, such as those under consideration by the Administration, should be taken, if at all, only after consultation with Congress and affected stakeholders.

 Source: The Daily Caller