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Elliott Broidy: Rock Star!
Editors Note: Mr. Elliott Broidy is Rock Star and here’s why:
After commending him for making it possible for authorities to bring to justice those “who tried to rip off the system,” New York state judge Lewis Bart Stone sentenced Los Angeles philanthropist Elliott Broidy to the “minimum” allowed by New State law.
In responding to the fact that the prosecution did not support the defense’s motion to reduce the charge to a misdemeanor but rather only did not object to the motion; Judge Stone said, Broidy was given a misdemeanor charge for his role in the scandal that involved New York State Comptroller Alan Hevesi who was convicted of accepting gifts from people who wanted to conduct business with the state’s pension fund.
“It is this Court’s view that… the type of criminality that Mr. Hevesi and his minions indulged in are those that would never have come to the full light of day had Mr. Broidy not volunteered [to cooperate with the investigation],” the judge said.
Broidy not only cooperated with authorities, but paid $18-million in restitution–an amount, according to Judge Stone; “ which is in significant excess of what he personally received.” The judge added: ”It is quite exemplary that his restitution to the fund exceed any of his own personal gain.”
Prosecutors stood silent as the judge imposed the lightest possible sentence after a three year investigation.
“I would hope that the People would take a more positive view as to what really ought to be done, rather than to avoid the issue on this,” the judge said.
Former New York Gov. George Pataki and Ken Langone, one of New York’s most significant business leaders and philanthropists, are among those who wrote to the court in support of Broidy.
The judge said he took that– and other factors into consideration in the sentencing.
False on both counts…
Elliott Broidy is a civic leader
Broidy is a community and civic leader and philanthropist who has served on many boards including the United States Homeland Security Advisory Council, Los Angeles Fire and Police Pension Fund, Kennedy Center, Simon Wiesenthal Center and the Los Angeles Police Foundation.
Following the tragedy of 9/11, Broidy became interested in protecting the country and helping the leaders he believed in. Because of his substantial ability in finance and his interest in law enforcement, from 2002-2009 he served as a Commissioner of the Los Angeles City Fire and Police Pension Fund and was a member of the Board of Directors of the Los Angeles Police Foundation. In 2005, he was appointed by Secretary Michael Chertoff to serve on the United States Homeland Security Advisory Council as well as the Future of Terrorism Task Force and New Technology Task Force.
Broidy not only gave back every penny he earned, but paid significantly extra funds–even though the law likely could not have required him to do so.
“The court is not clear whether all of that restitution would have been eventually collectable at law, but as part of the plea deal he took up on the moral responsibility in trying to make the state pension fund whole,” Judge Stone said.
Broidy is amazing! Smarter than the lot.
Obama, White House Eye “Cliff Dive”
After Private WH Meeting, Liberal Leaders ‘Came Away Convinced That The White House Would Ultimately Prove Willing To Go Over The Fiscal Cliff’
Liberal Leaders ‘Pleased With What They Heard’ At White House
“I’m told that representatives of major unions and progressive groups met privately this morning with senior Obama administration officials at the White House — and were pleased with what they heard.” (“Reasons To Be Encouraged About Fiscal Cliff’s Endgame,” The Washington Post’s ‘The Plum Line’ Blog, 11/27/12)
· “Indeed, one person at the meeting — which included people from the AFLCIO, AFSCME, SEIU, MoveOn and others — came away convinced that the White House would ultimately prove willing to go over the fiscal cliff if necessary, rather than give ground on core demands…” (“Reasons To Be Encouraged About Fiscal Cliff’s Endgame,” The Washington Post’s ‘The Plum Line’ Blog, 11/27/12)
· “The attendee tells me the White House … ‘They feel confident that they don’t have to compromise.’” (“Reasons To Be Encouraged About Fiscal Cliff’s Endgame,” The Washington Post’s ‘The Plum Line’ Blog, 11/27/12)
· AFL-CIO PRESIDENT RICHARD TRUMKA: “There is no fiscal cliff! What we’re facing is an obstacle course within a manufactured crisis…” (Remarks, National Mediation Board Conference, 11/15/12)
“A Democratic source close to the negotiations said that the White House ‘definitely’ sees running out the clock as to its advantage…” (“Obama Tries To Corner GOP Over Tax Rates.” The Hill, 11/27/12)
‘Rallying Cry For Liberal Democrats In Congress: Going Off The Fiscal Cliff’
“It’s the rallying cry for liberal Democrats in Congress: going off the fiscal cliff is a better option than reluctantly accepting a deal that goes too lightly on revenues or too hard on entitlements.” (“Cliff Dive Doesn’t Appeal To White House,” Politico, 11/26/12)
“Democrats are pushing an unorthodox idea for coping with the ‘fiscal cliff’: Let the government go over… to give their party more bargaining leverage for changes later on.” (“Lawmakers Suggest a ‘Cliff’ Dive,” AP, 11/14/12)
“A growing bloc of emboldened liberals say they’re not afraid to watch defense spending get gouged and taxes go up on every American if a budget deal doesn’t satisfy their priorities.” (“Fiscal Cliff: Will They Jump?” Politico, 11/25/12)
Q: “You believe that’s a viable option, going over the cliff?” … SEN. PATTY MURRAY (D-WA): “Yes.” (MSNBC, 11/14/12)
· “Still, Murray isn’t backing down from her contention that going off the cliff is better than taking a deal that is seen as lacking.” (“Cliff Dive Doesn’t Appeal To White House,” Politico, 11/26/12)
· SEN. PATTY MURRAY (D-WA): “…our country is going to have to face the consequences…” (Sen. Murray, Remarks At The Brookings Institute, 7/16/12)
HOWARD DEAN: “Maybe 700,000 people would lose their jobs. That is a tough price to pay. But what you’d get out of it is the deficit problem is significantly altered. … I think let’s just go over the fiscal cliff. Let’s — everybody’s going to bite the bullet.” (CNBC’s “Squawk Box,” 7/23/12)
With Options Dwindling, The Battle Against Obamacare Continues in The House and The Courts
Candice Lanier – Options for preventing the implementation of Obamacare are diminishing as Speaker John Boehner and House Republicans appear to have given up on a full repeal of the health care law. Boehner is now considering gutting particular aspects of the law by applying pressure on Obama and working with moderate Democrats.
But, the failure of the Boehner and House Republicans to defund Obamacare back in In April 2011, during the first budget battle, leaves some to doubt their dedication to continuing the fight against Obamacare.
According to Sen. John Thune (R-SD), chairman of the Republican Conference, the components of the law targeted for dissolution include a tax on medical devices, the Independent Payment Advisory Board and the individual mandate requiring people to buy insurance.
At the same time, House Republicans have been attempting to put their stamp on the law. The Oversight and Government Reform and Ways and Means committees have sent subpoenas to Health and Human Services Secretary Kathleen Sebelius, over the past few weeks, demanding information that committee leaders say she has refused to provide.
Far from being an easy endeavor, Randy Barnett, the Georgetown University law professor who assisted in constructing the Supreme Court argument against Obamacare earlier this year, said that, “it’s going to become increasingly difficult because courts are much less willing to overturn something that’s already entrenched.”
So, time is of the essence because though some court challenges remain, as parts of the law are implemented, the harder it will be to fight it. “There’s no question that one of the reasons why we had as much room to run as we did is we had a two-year delay in implementing most of the law,” Barnett said. “That opening is closing.”
One of the pending court cases is an Oklahoma lawsuit which maintains that insurance can be subsidized only through state-run exchanges and not by the federally-backed ones that Obamacare enacts.
At the same time, Paul Howard, director of the Manhattan Institute’s Center for Medical Progress and Stephen Parente, director of the Medical Industry Leadership Institute at the University of Minnesota, explain on Real Clear Politics that Obamacare faces a number of obstacles:
“‘Delaying implementation [of Obamacare] until 2014 helped the president win re-election, but now the bill is coming due,’ the duo says. ‘The administration can’t forestall Obamacare’s massive regulatory impact any longer, and the result will keep Congress and the media occupied for months and years to come.’”
Boehner has also pointed to governors who may be able to thwart the establishment of insurance exchanges in their respective states.
Republicans should continue to work diligently towards this effort because fully implemented Obamacare will represent over 1/6 of our economy. The Heritage Foundation has compiled an Obamacare guide, demonstrating how it will affect specific groups of individuals:
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