Romney Ignores Palin at His Peril

by Chuck Norton

I know what the Romney camp is thinking: They have conservatives locked up so they don’t need Palin; since she is polarizing some independents won’t like her. That thinking while having some merit is still very wrong headed.

Independents have voted for TEA Party candidates in droves in 2009 and 2010. Sarah Palin was the driving force behind it. People tell pollsters what they want to hear very often. People who intend to vote GOP and don’t want their friends to know have a history of lying to pollsters. On the other hand I know LOTS of conservatives who intend to stay home this November. The travesty from Chief Justice Roberts helped to motivate them, but make no mistake, there is still a real problem that true conservatives have with Mitt Romney.

If Palin is a master of one thing it is political payback. When Gov. Christie said something stupid about her she let him have it so hard that he never did it again. If Sarah Palin is not invited to the convention with a prominent roll there will be a price to pay and she WILL exact it. She may even stage her own event nearby to suck the wind out of a key Romney event. Palin is far more charismatic than Romney, she knows it and so does the media. She may even rip up the Republican establishment “Good Ole Boy” network at her event. Palin has a long and very effective history of doing just that.

Canadian Free Press:

In the roughly three years since she quit as the state’s chief regulator of the oil industry, Palin has crushed the Republican hierarchy (virtually all male) and nearly every other foe or critic. Political analysts in Alaska refer to the “body count” of Palin’s rivals.

“The landscape is littered with the bodies of those who crossed Sarah,” says pollster Dave Dittman, who worked for her gubernatorial campaign. It includes Ruedrich, Renkes, Murkowski, gubernatorial contenders John Binkley and Andrew Halcro, the three big oil companies in Alaska, and a section of the Daily News called “Voice of the Times,” which was highly critical of Palin and is now defunct.

The bottom line is that Sarah Palin is still the most powerful figure in the Republican Party and too many in the beltway still haven’t managed to accept that. Palin is also a fund raising machine who can help Romney raise funds for the election. In either case, if you guys at the Romney camp think you can out-smart her, you can’t. Just the attempt will raise her ire and you will only end up paying a heavier price.

IAC: Previous IPCC Reports failed to meet basic academic standards; Participants “too political”

I have been waiting for this for a long time. When I was in college finishing my latest degree I was making many of these very same claims about global warming alarmist nonsense as the IAC report below. Leftist students and faculty pretty much told me that I was nuts, and I wasn’t a climate scientist so how would I know? Well it looks like I knew. It was easy. First of all it doesn’t take a genius to see when the scientific method is being ignored and second of all, what I am an expert on is politics and I know a political movement when I see one.

At the bottom of the article I posted a list of links that I wrote starting in 2007 saying many of the same things the IAC has pointed out below. Why am I so often using the word “I” when that is not an attitude that as editor I often take here at Political Arena? To be honest, I am going to take the low road and revel in rubbing it in my critic’s noses. I reactivated my old college blog just for the purpose of posting this story. We should ask ourselves what has happened to our education system when the doctoral academics who doubted me and called me names behind my back were all wrong, while the mere undergrad like me was spot on? – Chuck Norton

President of the Heartland Institute Joseph L. Bast:

On June 27, the Intergovernmental Panel on Climate Change (IPCC) issued a statement saying it had “complete[d] the process of implementation of a set of recommendations issued in August 2010 by the Inter Academy Council (IAC), the group created by the world’s science academies to provide advice to international bodies.”

Hidden behind this seemingly routine update on bureaucratic processes is an astonishing and entirely unreported story. The IPCC is the world’s most prominent source of alarmist predictions and claims about man-made global warming. Its four reports (a fifth report is scheduled for release in various parts in 2013 and 2014) are cited by the Environmental Protection Agency (EPA) in the U.S. and by national academies of science around the world as “proof” that the global warming of the past five or so decades was both man-made and evidence of a mounting crisis.

If the IPCC’s reports were flawed, as a many global warming “skeptics” have long claimed, then the scientific footing of the man-made global warming movement — the environmental movement’s “mother of all environmental scares” — is undermined.  The Obama administration’s war on coal may be unnecessary.  Billions of dollars in subsidies to solar and wind may have been wasted.  Trillions of dollars of personal income may have been squandered worldwide in campaigns to “fix” a problem that didn’t really exist.

The “recommendations” issued by the IAC were not minor adjustments to a fundamentally sound scientific procedure.  Here are some of the findings of the IAC’s 2010 report.

Alternative views not considered, claims not properly peer reviewed

The IAC reported that IPCC lead authors fail to give “due consideration … to properly documented alternative views” (p. 20), fail to “provide detailed written responses to the most significant review issues identified by the Review Editors” (p. 21), and are not “consider[ing] review comments carefully and document[ing] their responses” (p. 22).  In plain English: the IPCC reports are not peer-reviewed.

No formal criteria for selecting IPCC authors

The IAC found that “the IPCC has no formal process or criteria for selecting authors” and “the selection criteria seemed arbitrary to many respondents” (p. 18).  Government officials appoint scientists from their countries and “do not always nominate the best scientists from among those who volunteer, either because they do not know who these scientists are or because political considerations are given more weight than scientific qualifications” (p. 18).  In other words: authors are selected from a “club” of scientists and nonscientists who agree with the alarmist perspective favored by politicians.

Too political…

The rewriting of the Summary for Policy Makers by politicians and environmental activists — a problem called out by global warming realists for many years, but with little apparent notice by the media or policymakers — was plainly admitted, perhaps for the first time by an organization in the “mainstream” of alarmist climate change thinking.  “[M]any were concerned that reinterpretations of the assessment’s findings, suggested in the final Plenary, might be politically motivated,” the IAC auditors wrote.  The scientists they interviewed commonly found the Synthesis Report “too political” (p. 25).

Really?  Too political?  We were told by everyone — environmentalists, reporters, politicians, even celebrities — that the IPCC reports were science, not politics.  Now we are told that even the scientists involved in writing the reports — remember, they are all true believers in man-made global warming themselves — felt the summaries were “too political.”

Here is how the IAC described how the IPCC arrives at the “consensus of scientists”:

Plenary sessions to approve a Summary for Policy Makers last for several days and commonly end with an all-night meeting.  Thus, the individuals with the most endurance or the countries that have large delegations can end up having the most influence on the report (p. 25).

How can such a process possibly be said to capture or represent the “true consensus of scientists”?

Phony estimates of certainty

Another problem documented by the IAC is the use of phony “confidence intervals” and estimates of “certainty” in the Summary for Policy Makers (pp. 27-34).  Those of us who study the IPCC reports knew this was make-believe when we first saw it in 2007.  Work by J. Scott Armstrong on the science of forecasting makes it clear that scientists cannot simply gather around a table and vote on how confident they are about some prediction, and then affix a number to it such as “80% confident.”  Yet that is how the IPCC proceeds.

The IAC authors say it is “not an appropriate way to characterize uncertainty” (p. 34), a huge understatement.  Unfortunately, the IAC authors recommend an equally fraudulent substitute, called “level of understanding scale,” which is more mush-mouth for “consensus.”

The IAC authors warn, also on page 34, that “conclusions will likely be stated so vaguely as to make them impossible to refute, and therefore statements of ‘very high confidence’ will have little substantive value.”  Yes, but that doesn’t keep the media and environmental activists from citing them over and over again as “proof” that global warming is man-made and a crisis…even if that’s not really what the reports’ authors are saying.

IPCC participants had conflicts of interest

Finally, the IAC noted, “the lack of a conflict of interest and disclosure policy for IPCC leaders and Lead Authors was a concern raised by a number of individuals who were interviewed by the Committee or provided written input” as well as “the practice of scientists responsible for writing IPCC assessments reviewing their own work.  The Committee did not investigate the basis of these claims, which is beyond the mandate of this review” (p. 46).

Too bad, because these are both big issues in light of recent revelations that a majority of the authors and contributors to some chapters of the IPCC reports are environmental activists, not scientists at all.  That’s a structural problem with the IPCC that could dwarf the big problems already reported.

IPCC critics vindicated

So on June 27, nearly two years after these bombshells fell (without so much as a raised eyebrow by the mainstream media in the U.S. — go ahead and try Googling it), the IPCC admits that it was all true and promises to do better for its next report.  Nothing to see here…keep on moving.

Well I say, hold on, there!  The news release means that the IAC report was right.  That, in turn, means that the first four IPCC reports were, in fact, unreliable.  Not just “possibly flawed” or “could have been improved,” but likely to be wrong and even fraudulent.

It means that all of the “endorsements” of the climate consensus made by the world’s national academies of science — which invariably refer to the reports of the IPCC as their scientific basis — were based on false or unreliable data and therefore should be disregarded or revised.  It means that the EPA’s “endangerment finding” — its claim that carbon dioxide is a pollutant and threat to human health — was wrong and should be overturned.

And what of the next IPCC report, due out in 2013 and 2014?  The near-final drafts of that report have been circulating for months already.  They were written by scientists chosen by politicians rather than on the basis of merit; many of them were reviewing their own work and were free to ignore the questions and comments of people with whom they disagree.  Instead of “confidence,” we will get “level of understanding scales” that are just as meaningless.

And on this basis we should transform the world’s economy to run on breezes and sunbeams?

In 2010, we learned that much of what we thought we knew about global warming was compromised and probably false.  On June 27, the culprits confessed and promised to do better.  But where do we go to get our money back?

Related from my old college blog:

Inconvenient Questions Global Warming Alarmists Don’t Want You to Ask – February 18, 2007 – LINK

Top Scientists Say: You Are Not the Cause of Global Warming – October 22, 2007 – LINK

Global Cooling Continues; Global Warming Alarmists Still Issuing Death Threats – December 28, 2008 – LINK

UK Telegraph: 2008 was the year man-made global warming was disproved – December 28, 2008 – LINK

National Climatic Data Center: Cooling in Last 10 Years – January 10, 2009 – LINK

The Debate is Over. Global Warming Alarmism is About Achieving Central Control of the Economy and Now They Admit It Openly – March 27, 2009 – LINK

Al Gore: Climate change issue can lead to world government – July 11, 2009 – LINK

EPA Tried to Suppress Global Warming Report Admitting Skeptics Correct – October 23, 2009 – LINK

New AP Article on “Global Cooling Myth” Spins a Bad Study – UPDATED: Look where they put THIS ground station… – October 27, 2009 – LINK

Professors Paid to Plagiarize – UPDATE: Global warming scientists hacked emails show manipulation of data, hiding of other data and conspiring to attack/smear global warming skeptics! – November 19, 2009 – LINK

National Association of Scholars on the “ClimateGate” Scandal – November 28, 2009 – LINK

Examples of the “Climategate” Documents – UPDATE: BBC Had the emails and files for 6 weeks, sat on story. UPDATE II – They carried out their conspiracy threat; much of the raw data from CRU destroyed! – November 28, 2009 – LINK

Scientific American thinks you are stupid: The dissection of a blatant propaganda piece for global warming alarmism. – December 6, 2009 – LINK

The Roundup: IPCC Authors Now Admitting Fault – No Warming Since 1995 – Sea Levels Not Rising. Senator Inhofe: Possible criminal misuse of taxpayer research funds. – February 23, 2010 – LINK

OOPS AGAIN: IPCC scientists screeching about the cataclysmic effects of sea-level rises forgot to consider sedimentary deposits… – April 23, 2010 – LINK

UN IPCC Co-chair: climate policy is redistributing the world’s wealth – November 18, 2010 – LINK

More Hadley Center Global Warming Horror Claims Debunked by Real Science – December 6, 2010 – LINK

ClimateGate One Year Later. Elite Media Still Lying – December 6, 2010 – LINK

More ClimateGate One Year Later – December 7, 2010 – LINK

IPCC Lead Author Dr. Richard Lindzen of MIT: Most global warming models are exaggerated, many scientists in it for the grant money or treat it like a religion – December 7, 2010 – LINK

How Global Warming Propaganda Works – December 8, 2010 – LINK

NASA’s global warming evidence page filled with lies, half truths and suspect data – December 10, 2010 – LINK

Director of the Tyndall Centre for Climate Change Research: Halt economic growth, start government rationing. Global Warming Alarmists Party Fat in Cancun – December 21, 2010 – LINK

Global Warming Conference Delegates Sign Petitions to Ban Water and “Destabilize U.S. Economy” – February 15, 2011 – LINK

Global Warming Alarmist Quote of the Day – Former Canadian Environment Minister Christine Stewart: No matter if the science is all phony, there are collateral environmental benefits…climate change provides the greatest chance to bring about justice and equality in the world.

AAUP Seeks to Limit Transparency Over Climate Science – September 19, 2011 – LINK

Sen. Rubio: Obama ignoring his jobs council because he doesn’t like their recommendations (video)

Senator Rubio: Obama was just saying what he really believed when he said that small business owners didn’t build their businesses.

Obama’s Press Secretary says that Obama hasn’t met with his Jobs Council in over six months because “He has a lot on his plate”. Indeed, like 106 fund raisers and if memory serves about two dozen golf outings.

Poland unveils new statue of President Reagan with the Pope

Several Reagan statues have appeared in Poland. It makes you wonder what the Poles know that too many of our public school teachers don’t.

A new statue of President Ronald Reagan and Pope John Paul II that was unveiled in Gdansk, Poland, on Saturday, July 14, 2012. Both late leaders are highly revered in Poland for their role in helping to topple communism.

Poland Reagan and Pope Statue

Michelle Malkin has commentary:

George Santayana said those who cannot remember the past are condemned to repeat it, and the people of Poland have not forgotten:

Polish officials unveiled a statue of former President Ronald Reagan and Pope John Paul II on Saturday, honoring two men widely credited in this Eastern European country with helping to topple communism 23 years ago.

The statue was unveiled in Gdansk, the birthplace of Lech Walesa’s Solidarity movement, in the presence of about 120 former Solidarity activists, many of whom were imprisoned in the 1980s for their roles in organizing or taking part in strikes against the communist regime.

The bronze statue, erected in the lush seaside President Ronald Reagan Park, is a slightly larger-than-life rendering of the two late leaders. It was inspired by an Associated Press photograph taken in 1987 on John Paul’s second pontifical visit to the U.S.
[…]
Reagan and John Paul shared a conviction that communism was a moral evil, not just a bad economic system. And Lech Walesa, founder of the Solidarity movement that led the anti-communist struggle in Poland, has often paid homage to both men and told the AP in a recent interview that he deeply respected Reagan.

“Reagan should have a monument in every city,” Walesa said.

The money for the statues (about $59,000 US dollars) was raised from former Solidarity members, “many of whom are today living on small pensions and could only afford the smallest of donations” according to the AP.

Megyn Kelly: Does Truth Matter in Politics Anymore? (video & commentary)

This is what bothers me about these two candidates. While Obama’s attacks are far less honest today, Mitt Romney is not innocent either and in the primary Romney’s attacks on the other GOP candidates were often sickeningly dishonest.

Interesting how the Democrat brings up the Swiftboat Vets Ads from when John Kerry ran for President as an example of a distraction. But he leaves out a fundamental truth – John Kerry made the three months he spent in Vietnam in the Navy a cornerstone of his campaign. At the convention Kerry had it military themed and he was saluting and the whole nine yards. The problem is that John Kerry misrepresented his service in his campaign and the people he served with and other veterans took issue with it. John Kerry, in a most unpatriotic way in the view of many war heroes, took the side of Jane Fonda when he came back and the North Vietnamese used John Kerry’s actions for great propaganda value.

With that said, the economy at the end of President Bush’s first term was doing rather well and national security and military policy was front and center which is another reason why the Swiftboat ads were no mere attempt at distraction. The economy today is a disaster and the Obama campaign wants to talk about anything but. And why the Obama Administration is declaring executive privilege to delay the release of documents relation to huge scandals such as “Fast & Furious” and is still hiding all sorts of documents form his past, all they want to talk about is how Mitt Romney had not released his tax returns from ten years ago? THAT is a distraction.

The simple truth is that most people are outraged at what Obama and the Democrats have done with our money and are not overly concerned with what Mitt Romney did with his own money ten years ago.

France passes new 75% tax rate, wealthy and productive expatriate

This is what happens when you punish success in some vein attempt at “getevenwithemism” so that the far left feels like it got it’s pound of flesh. But now those wealthy and productive will not be spending money in France, they will not have new investment in France, they will not be buying local goods and paying local taxes in France, they will not start new business in France. They passed this tax rate and they will take in less money as a result.

By the way, the same thing is happening in America – LINK.

UK Telegraph:

The latest estate agency figures have shown large numbers of France’s most well-heeled families selling up and moving to neighbouring countries.

Many are fleeing a proposed new higher tax rate of 75 per cent on all earnings over one million euros. (£780,000)

The previous top tax bracket of 41 per cent on earnings over 72,000 euros is also set to increase to 45 per cent.

Sotheby’s Realty, the estate agent arm of the British auction house, said its French offices sold more than 100 properties over 1.7 million euros between April and June this year – a marked increase on the same period in 2011.

Alexander Kraft, head of Sotheby’s Realty, France, said: “The result of the presidential election has had a real impact on our sales.

“Now a large number of wealthy French families are leaving the country as a direct result of the proposals of the new government.

TSA Let 25 Illegal Aliens Attend Flight School Owned by Illegal Alien

After this happened at 9/11 you would think they would learn…

CNS News:

The Transportation Security Administration (TSA) approved flight training for 25 illegal aliens at a Boston-area flight school that was owned by yet another illegal alien, according to the Government Accountability Office.

The illegal-alien flight-school attendees included eight who had entered the country illegally and 17 who had overstayed their allowed period of admission into the United States, according to an audit by the GAO.

Six of the illegal aliens were actually able to get pilot’s licenses.

Discovery of the trouble at the flight school began when local police–not federal authorities–pulled over the owner of the school on a traffic violation and were able to determine that he was an illegal alien.

The Transportation Security Administration (TSA) approved flight training for 25 illegal aliens at a Boston-area flight school that was owned by yet another illegal alien, according to the Government Accountability Office.

The illegal-alien flight-school attendees included eight who had entered the country illegally and 17 who had overstayed their allowed period of admission into the United States, according to an audit by the GAO.

Six of the illegal aliens were actually able to get pilot’s licenses.

Discovery of the trouble at the flight school began when local police–not federal authorities–pulled over the owner of the school on a traffic violation and were able to determine that he was an illegal alien.

Rep. Mike Rogers (R.-Ala.), chairman of the House Homeland Security Subcommittee on Transportation Security, said he found the GAO’s findings “amazing.”

“We have cancer patients, Iraq War veterans and Nobel Prize winners all forced to undergo rigorous security checks before getting on an airplane,” said Rogers, “and at the same time, ten years after 9/11, there are foreign nationals in the United States trained to fly just like Mohammed Atta and the other 9/11 hijackers did, and not all of them are necessarily getting a security background check.”

Stephen Lord, who is the GAO’s director of Homeland Security and Justice Issues, testified about the matter Wednesday in Rogers’ subcommittee. Rogers asked him: “Isn’t it true that, based on your report, the Transportation Security Administration cannot assure the American people that foreign terrorists are not in this country learning how to fly airplanes, yes or no?”

Lord responded: “At this time, no.”

US Govt. Makes Deal With Mexican Government to Push Food Stamps on Mexicans…..

Is this the change you voted for?

Daily Caller:

The Mexican government has been working with the United States Department of Agriculture to increase participation in the Supplemental Nutrition Assistance Program (SNAP), or food stamps.

USDA has an agreement with Mexico to promote American food assistance programs, including food stamps, among Mexican Americans, Mexican nationals and migrant communities in America.

“USDA and the government of Mexico have entered into a partnership to help educate eligible Mexican nationals living in the United States about available nutrition assistance,” the USDA explains in a brief paragraph on their “Reaching Low-Income Hispanics With Nutrition Assistance” web page. “Mexico will help disseminate this information through its embassy and network of approximately 50 consular offices.”

The partnership — which was signed by former USDA Secretary Ann M. Veneman and Mexican Secretary of Foreign Affairs Luis Ernesto Derbez Bautista in 2004 — sees to it that the Mexican Embassy and Mexican consulates in America provide USDA nutrition assistance program information to Mexican Americans, Mexican nationals working in America and migrant communities in America. The information is specifically focused on eligibility criteria and access.

The goal, for USDA, is to get rid of what they see as enrollment obstacles and increase access among potentially eligible populations by working with arms of the Mexican government in America. Benefits are not guaranteed or provided under the program — the purpose is outreach and education.

Some of the materials the USDA encourages the Mexican government to use to educate and promote the benefit programs are available free online for order and download. A partial list of materials include English and Spanish brochures titled “Five Easy Steps To Snap Benefits,” “How To Get Food Help — A Consumer’s Guide to FNCS Programs,” “Ending Hunger Improving Nutrition Combating Obesity,” and posters with slogans like “Food Stamps Make America Stronger.”

When asked for details and to elaborate on the program, USDA stressed it was established in 2004 and not meant for illegal immigrants.

[Political Arena Editor Responds – That is what the Obama Administration said about Fast & Furious; the documentation revision for this program is dated Feb, 16, 2012.]

Project Veritas: Politicians & Union Bosses Seek Funding for Digging Holes and Filling Them Back In (video)

Union Bosses: “Green Jobs” – a lot of it is “Bullshit” like digging ditches and just refilling them…

James O’Keefe strikes again! This is how your public funds all too often get spent….

“Don’t use shovels, use spoons. It takes longer.” – Liberal economist Paul Krugman

Devastating New Romney Add: These Hands (video)

According to Obama and far left Senate candidate Elizabeth Warren (the one who was caught lying about her heritage) people who own businesses and such are not entitled to the fruits of their labor because we had roads; therefore they didn’t do anything to deserve any profit form their work.

Corrupt banks still paying Democrats….

In 2008 I wrote a long series of articles about the mortgage collapse, who engineered it, who got paid and who is lying.

Related: House Oversight Committee: Members of Congress Received Special Favors from Mortgage Lenders – LINK

Our dear friend Michelle Malkin has put out a column that takes us through memory lane on who was getting paid by the big banks, who was peddling influence, and who was engaging in a pattern of government corruption that is becoming all too familiar. And what is below is only HALF of her column as the examples are almost unending….

 

Michelle Malkin:

Your guide to sleazy Democratic Party-backed banks
Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil.

The fat-cat narrative attacks on Republicans won’t go away by making nice with the White House — or by relying on Beltway journalists to drop their double standards and vet the president’s own bad bank entanglements. Indeed, The New York Times admitted this week that their staff and other political journalists from every major media outlet submit their work to the White House for unprecedented review, editing and “veto power.”

Fortunately, the truth manipulators and message massagers haven’t gotten to this column yet. So, let’s talk sleazy Democratic Party-backed banks, shall we?

Fannie Mae/Freddie Mac. Forget Switzerland. The mother and father of all financial industry outrages are rooted in Washington, D.C. And Obama Democrats are among the biggest winners of lavish, out-of-control compensation packages from fraud-plagued Fannie Mae and Freddie Mac. Obama confidante James Johnson raked in $21 million. Former Obama chief of staff and current Chicago Mayor Rahm Emanuel “earned” at least $320,000 for a brief 14-month gig at Freddie Mac. And Clinton Fannie Mae head and Obama economic confidante Franklin Raines bagged some $90 million in pay and stock options earned during the government-sponsored institution’s Enron-style accounting scandal on the public dime.

Self-appointed banking policewoman and DNC Chair Debbie Wasserman Schultz has, uncharacteristically, kept her mouth shut about these wealthy barons.

Superior Bank. One of the Obamas’ oldest Chicago friends and wealthiest billionaire bundlers, former Obama national finance chairwoman Penny Pritzker, headed up this subprime lender. Even after it went under in 2001 and left 1,400 customers destitute, Pritzker was pushing to expand its toxic subprime loan business. Pritzker and her family escaped accountability by forking over $460 million over 15 years. Obama happily accepted the nearly $800 million in campaign and inaugural funding Pritzker drummed up for him. To protect her family’s multibillion dollar fortune, Pritzker’s enterprises park their money in the very same kind of offshore trusts her candidate is attacking Romney over.

Broadway Bank. In 2010, President and Mrs. Obama personally raised money for their Chicago friend and fundraiser Alexi Giannoulias, who ran unsuccessfully for Obama’s old Illinois Senate seat. As I reported then, Giannoulias’ Greek immigrant family founded Chicago-based Broadway Bank, a now-defunct financial institution that loaned tens of millions of dollars to convicted mafia felons and faced bankruptcy after decades of engaging in risky, high-flying behavior. It’s the place where Obama parked his 2004 U.S. Senate campaign funds. And it’s the same place where a mutual friend of Obama and Giannoulias — convicted Obama fundraiser and slumlord Tony Rezko — used to bounce nearly $500,000 in bad checks written to Las Vegas casinos.

Chicago’s former inspector general blasted Giannoulias and his family for tapping $70 million worth of dividends in 2007 and 2008 as the real estate crash loomed. Broadway Bank was sitting on an estimated $250 million in bad loans. The cost to taxpayers after the bank was shut down two years ago: an estimated $390 million.

ShoreBank. The “progressive” Chicago-based community development bank, a “green” financial institution whose mission was to “create economic equity and a healthy environment,” folded in August 2010. Obama personally had endorsed the politically connected bank and appeared in a video promoting its Kenyan microlending project. But it was a doomed social justice experiment. After regulators shut it down, Obama crony companies including Bank of America and Goldman Sachs took over the mess courtesy of taxpayer subsidies.

Countrywide/Bank of America. Earlier this month, the House Oversight and Government Reform Committee released a report on corruption-plagued Countrywide Financial Corp., which was bailed out by taxpayer-bailed-out Bank of America. The House investigation confirmed the notorious favor-trading scheme, which involved sweetheart home loan deals for members of Congress and their staff, top government officials and executives of doomed mortgage giant Fannie Mae.

“These relationships helped (Countrywide CEO and Democratic subprime loan king Angelo) Mozilo increase his own company’s profits while dumping the risk of bad loans on taxpayers,” according to the new report. Mozilo copped a $67.5 million plea to avert a high-stakes public trial in the heat of the 2010 midterm election season. Since then, Obama’s Justice Department has taken no action to prosecute Countrywide officials on federal bribery charges.

Among the influence-peddling operation’s most prominent beneficiaries: the aforementioned Obama top adviser Jim Johnson, who accepted more than $7 million in below-market-rate Countrywide loans, and former Senate Banking Committee Chairman Chris Dodd, whose ill-fated 2010 re-election bid was personally endorsed by Obama. Obama stood by Dodd even as sordid details of his two discounted Countrywide loans and record Countrywide PAC donations mounted.

Bank of Democratic America, which raked in $45 billion in Obama-supported TARP bailout funds and billions more in secret emergency federal loans, footed the $50 million restitution payment bill for Mozilo and another Countrywide official. In 2008, BofA’s political action committee gave its biggest contributions to Obama, totaling $421,000. And as I noted in January, Bank of America supplied the Democrats with a $15 million revolving line of credit, along with an additional $17 million loan during the 2010 midterms.

Embarrassed by the party’s ties to shady Bank of America, progressives are now trying to rebrand the Bank of America Stadium in Charlotte, N.C., where Obama will give his nomination acceptance address. They’re referring to it as “Panthers Stadium” instead.