Political Punch
Power, pop, and probings from ABC News Senior White House Correspondent Jake Tapper
Jake Tapper is ABC News' Senior White House Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories.
RECENT POSTS
- Subversive Xmas Tree Ornament Won't Hang from White House Tree
- Obama to Nominate Bill Richardson as Secretary of Commerce
- Obama Attempts to Ease Governors' Economic Worries
- Charlie's Interview with President Bush
- Oh, That Joe! (No. 45 in a Series): The Loquacious Blue Hen is Gracious to the Spunky Maverick
- Louis Caldera to be Director of White House Military Office
- Obama Sits Down with State Guvs to Stem Economic Slowdown
- The Spectre of a Senator Chris Matthews (D-Penn.)
- Clinton On the Case
- The Unit
MONTHLY ARCHIVES
« Previous | Main | Next »
Informed by ABC News that She Owns Mutual Fund With Sudan Holdings, Palin Says She Will Divest
October 10, 2008 12:51 PM
Informed by ABC News that she holds an investment in a mutual fund that owns shares in companies that human rights organizations say help the government of Sudan, Alaska Gov. Sarah Palin on Friday said through a spokesman that she will divest from that mutual fund.
According to financial disclosure forms Palin released last week (read them HERE), Palin owns up to $15,000 in Legg Mason International Equities, which the McCain-Palin campaign specified is the Legg Mason International Equity Fund (LGIEX).*
That Fund owns shares in two companies the Genocide Intervention Network labels "highest offenders" because, in that organization's judgment, they empower the government of Sudan at the expense of the country's marginalized populations.
With citizens of the world absorbed with dire economic news, it may seem secondary to consider what companies someone has invested in, rather than their current worth. But human rights activists monitoring the genocide in the Sudan insist there is nothing frivolous about trying to convince individuals from investing in companies that help the government of Sudan. In July, the International Criminal Court's Chief Prosecutor, Luis Moreno-Ocampo, asked the tribunal for an arrest warrant for Sudanese President Omar Hassan al-Bashir on charges of genocide and war crimes in Darfur.
The McCain-Palin campaign said that Palin did not know of the holdings.
"It was recently brought to Gov. Palin’s attention that, despite what the Sudan divestment online database indicated, one of Gov. Palin’s mutual funds held less than 1% in companies doing business with Sudan," said McCain-Palin campaign spokesman Brian Rogers. "Gov. Palin will divest from this fund immediately, and is committed to doing everything she can to stop the genocide and atrocities in Darfur.
The Genocide Intervention Network issues a quarterly report, "the Sudan Company Report," which analyzes companies with Sudan-linked operations, and also has a mutual fund screening tool which determines whether mutual funds hold interests in any of those companies.
There is no information about the Legg Mason International Equity Fund in that database. But the information is available, and a further review of Legg Mason International Equity Fund's holdings through Bloomberg LP indicate that the Fund owns holdings in companies considered to be among the “highest offenders": ABB and Wartsila Oyj.
ABB, a Swiss company, is involved in Sudan's Merowe Dam project, a hydroelectric dam the construction of which has displaced thousands of families while largely providing power to government strongholds. Last year, because of related human rights abuses, the United Nations called on companies to cease operations on the dam.
Finnish company Wartsila Oyj has sold, maintained, and serviced power plants for use in oil projects in Sudan, which empower the government. As much as 90% of Sudan's export income is derived from oil, which benefits its military operations.
You can see the Legg Mason International Equity Fund's holdings in ABB Ltd HERE and in Wartsila Oyj HERE.
ABC News told the McCain-Palin campaign Wednesday that her mutual fund had investments in ABB and Wartsila Oyj. On Friday, the campaign told ABC News that Palin intended to divest.
A Democratic operative said today, "Less than four weeks before Election Day, we're still learning about Gov. Palin -- and apparently, she's still learning disturbing things about her own finances. The question before us now is: What more will we learn about Gov. Palin as the public and watchdogs continue taking a fine tooth comb through her record and past?"
But the Genocide Intervention Network applauded Palin's decision.
“The fight against the Darfur genocide must begin at home," said executive director Mark Hanis. "The Genocide Intervention Network and its partners have called on all presidential candidates to ensure that they do not have holdings in companies identified as 'highest offenders' in Sudan. We are pleased that Gov. Palin, and all of the major parties’ presidential candidates, have followed the lead of 27 states, 61 universities, and 20 cities in ensuring that U.S. investments do not support genocide in Sudan.”
Sens. John McCain, R-Ariz., Barack Obama, D-Ill., and Joe Biden, D-Del., hold no such investments, according to the Genocide Intervention Network.
In May, after being questioned by the Associated Press, Cindy McCain sold off more than $2 million in mutual funds whose holdings include companies that do business in Sudan.
The Obamas did the same in 2007, selling about $180,000 in retirement savings because it was linked to an oil services company that does business in Sudan, the Wall Street Journal reported at the time.
Palin, during the vice presidential debate, claimed that she had led the charge to divest Alaska's investments from the Sudan.
"When I and others in the legislature found out that we had some millions of dollars [of Permanent Fund investments] in Sudan, we called for divestment through legislation of those dollars," she said.
A further investigation by ABC News, however, indicated that while Palin later came to support the bill, her administration initially opposed the bill, and stated its opposition in a public hearing on the measure.
"The legislation is well-intended, and the desire to make a difference is noble, but mixing moral and political agendas at the expense of our citizens' financial security is not a good combination," testified Brian Andrews, Palin's deputy revenue commissioner, before a hearing on the divestment bill in February.
A Republican legislator recently heralded Palin as a supporter of the legislation, despite that earlier opposition.
- jpt
* LGIEX ticker added later for clarification.
October 10, 2008 | Permalink | User Comments (138)
Don't worry about what anyone says!Don't pay attention to the polls!Just get out and vote! Vote early! Don't wait until the last minute! VOTE! VOTE! VOTE!Do not become overconfident! It's not over until after NOVEMBER 4th! We must win this thing!The world is watching!
Obama/Biden 08-12!
Posted by: DEE | Oct 12, 2008 12:41:04 PM
I have become a staunch supporter of Obama/Biden in light of the current Republican rally insanity & pick of VP Palin, because those folks truly scare me.
But, Palin divested the mutual fund, end of story. I don't agree with her hatemongering politics, but she divested. Good for her.
Posted by: Lisa L. | Oct 11, 2008 10:01:16 AM
And I don't own mutual funds, I buy foreclosures with my money.
Posted by: Dr Perfect | Oct 11, 2008 6:57:40 AM
Palin is a criminal.
Palin Guilty of ethics violations.
Now, we find out she has stock in a company that supports genocide????
We need to not elect her and Alaska needs to impeach her!!!
And SHE was telling me to worry about Obama????
Posted by: Ron | Oct 11, 2008 12:00:00 AM
The once known as God's own country is turning into Satan's orther Devils owned property .This coutry is finished. This counntry is doomed
Posted by: msm is too bias!!!!!!!! Palin is the answer | Oct 10, 2008 10:34:24 PM
Oh My! Legg Mason and all of its investors support genocide! Oh My, what a news! The whole world is collapsing under our very eyes!
Posted by: tiger | Oct 10, 2008 10:30:47 PM
Sarah supports GENOCIDE but not abortion. How Christian
Posted by: Dr. Perfect | Oct 10, 2008 10:29:17 PM
According to the Center for Responsive Politics, deployed troops are putting their money where their mouth is: they've given four times as much money to Obama as McCain.
"Everyone I talk to wants change but on base you can't say certain things. At a bar or a party, everyone tells me they're voting for Obama," said Thomas Singleton, 27, a former military telecommunications specialist who was speaking to OffTheBus outside the National Museum of the Marine Corps. Perched on a hill in Quantico, the museum's stunning roof line can be seen for miles. Its design -- a 200-foot tilted mast atop a huge glass atrium -- was inspired by the famous Iwo Jima flag raising of World War II.
"My military friends are tired of being lied to," said Singleton. "They're told to deploy for six months, but it ends up being a year. And when they come home, they can't find a job. One of my friends is staying in the Army only because he can't find a civilian job."
Posted by: Carole K | Oct 10, 2008 10:27:40 PM
Other countries that do business with the Sudan include General Electric, Coke, Pepsi and many more household names. Most use forign distributors (French in many cases) to get around the US scantions.
How many mutual funds have holdings in companies that operate in sudan?
Posted by: smith | Oct 10, 2008 10:21:04 PM
What a worthless article. Most people who buy mutual funds do so with a financial advisor's advice, and on the basis of the fund's style (large-cap vs. small-cap, domestic vs. international vs. emerging markets, value vs. growth, etc.) and performance. Occasionally, if the fund holds recognizable companies, the advisor will make a mention of them as an example. But most people don't know what companies are held by the fund, as they can be quite numerous. But even if they knew the names, they'd have to invest tons of time to find out what those companies do. That doesn't even take into consideration the fact that the companies held by a mutual fund change over time.
So yeah, this is absolutely pointless.
Posted by: Jim | Oct 10, 2008 9:40:50 PM
the reak sarah palin doesn't seem to care about genocide.
Posted by: sk8boardgrind | Oct 10, 2008 9:29:43 PM
I'm more concerned about her abuse of power and her narrow world view - she needs to be sent back to Alaska to get some more OJT to fully develop her Tom Delay style persona.
Posted by: McGreen | Oct 10, 2008 8:57:45 PM
The real Sarah Palin is a self serving Sarah Palin, documented quite well by the Troopergate report.
Posted by: Deb | Oct 10, 2008 8:51:38 PM
I wonder why McCain would think it was such a great idea to ask Palin to be his VP when she had an ethics probe being conducted against her, she is not as qualified as any of the other people he could have asked such as Romney (who could be a great use with todays economic troubles). Was it to borrow Palins own words about Obama "Blind Ambition" that caused McCain to pick her?
Posted by: Mary | Oct 10, 2008 7:52:18 PM
And she is so worried about Obama and Ayers when she has her problems to deal with such as Troopergate and this investment in Sudan. And does Obama waste any of his time worried about her? LOL Like they say in the south "Be careful when digging ditches for someone or else you will fall in."
Posted by: Francheska | Oct 10, 2008 7:47:55 PM
ABC's next headline:" PALIN'S CHILD BUYS BUBBLES MADE WITH SLAVE LABOR!!"
Posted by: Eric Drexil Holland | Oct 10, 2008 7:46:51 PM
Ivy 5:09: Excellent joke!
Posted by: LongT | Oct 10, 2008 7:24:17 PM
Val 5:25 PM; Now that's funny! Good one!
Posted by: LongT | Oct 10, 2008 7:11:15 PM
This is a dangerous woman (Palin)and campaign..she is a small woman..and I don't consider him to be hero material..
If anything happens to Obama ..I wonder if there is liability for the behavior of Palin and McCain...such as when someone taunts someone to the point where they commit violent acts..they (Palin and McCain)should be held accountable for their actions.
this is Hitler mentality...
very dangerous.
I don't believe I have ever observed so much deceit and anger..being Christian takes on a whole new meaning doesn't it?
In regards to Cindy McCain..her observations are merely a way to rationalize whom she chose to marry and stand behind..How sad that these people have so much power...
Posted by: Micheli | Oct 10, 2008 7:09:35 PM
I'm now totally convinced that the media and in particular ABC is biased against Palin. I own so many mutual funds that I'm sure there's something that's politically incorrect somewhere.
Posted by: LongT | Oct 10, 2008 7:07:17 PM
As the McCain Campaign argues that Obama should have known, I guess by conducting a background check on all the people that lives in his community, he sits on boards with, associates with etc., certainly Palin even as a Mayor and Govenor, should know more background before she invest thousands of dollars.....if I follow their logic!!
Posted by: wethepeople | Oct 10, 2008 6:22:28 PM
I am hardly a fan of this imbecile, but I do agree with some in saying this is a non-issue-the kind of stuff we would expect from her campaign (and what's his name). As temting as it is, I cannot fault someone for not knowing where all of their mutual funds are directed. I just don't think it is fair or relevant for either side. At this point, it is like kicking a puppy. We should concentrate on getting her on the big stuff she has messed up-you know, like maybe naming one supreme court decision or not answering any questions without her debate team cue cards.
Posted by: cbot2255 | Oct 10, 2008 6:00:06 PM
Hurts when the shoe is on the other foot. Palin needs to get some contacts, and head back to Alaska. WASP Women Against Sarah Palin unite.... Get this trailer park trash and her beer drinking dude outta here...
Posted by: Obamaall theway | Oct 10, 2008 5:48:40 PM
Well in thinking about this ACORN stuff I have come to the Conclusion that since the Republican ticket McCain/Palin took a 180 degree turn from the McCain in 2004 you know the upstanding Respected man and war HERO to the Republican Mouth Piece he is today in 2008. This dirty underhanded smear, to the non-straight talker Republican machine I would not be surprised that the Voter Fraud accros the country was caused by Republicans filling in Applications as Democrats in order to cause doubt and throw out legit apps and try to link Obama. I mean come on people look what happened in 2000 and how the Republican machine in Florida aka Kathrine Harris stole the election. Wonder where we would have been today if our courts worked for the people and not for the Republican machine
Posted by: USCITIZEN_04 | Oct 10, 2008 5:37:28 PM
Are Democrates really this dumb? You have got to be kiding me. If you don't like Palin fine, don't vote for her. But please, for the love of God, Stop with all the BS comment you KNOW are not true. I would never vote for Obama, but I am not going to make up lie's just because I don''t like the guy.
Posted by: Tim | Oct 10, 2008 5:34:16 PM
jake tapper/ abc news where is your investigation story on Obama and his ties to terrorists? Obama ties to ACORN? Obama ties to the people who got us in this economic mess? journalism is DEAD here and MSNBC the Obama stations!
Posted by: Paula | Oct 10, 2008 5:30:44 PM
Well, it's a dang good thing that she's got ABC News to help her with her Mutal funds. I'm sure she's thankful that someone took the time to dig all this up for her. By-the-way, how many Americans have looked so deep and are aware of who their Mutal Funds are investing in? This is pathetic.
Posted by: Jack | Oct 10, 2008 5:28:50 PM
Give her a break. I'm definitely not much of a Sarah Palin fan but I doubt she even knew what those companies did. And she's making it right so move on.
Posted by: Tulsa | Oct 10, 2008 5:28:31 PM
It's absolutely amazing isn't it? The media is so bent on electing the MOST corrupt politician EVER to the White House, that they spend all of their time looking to damage Sarah Palin. A majority of Americans do NOT know what their mutual funds or 401K's hold as per company, they are usually handled by investment firms. My husband gets a monthly statement, with very little detail. It's just too incredulous. I keep telling myself that the media will do it's JOB to protect Americans from this very dangerous man, but I have little hope that they will remember their ethics and code of honesty. ACORN, Rezko, Ayers, Monsour, Khalid, Farrahkan, LIE LIE LIE and LIE. Constant lies from Obama. However, I have faith in the American people. I don't believe they will go in that booth and push a button for Obama. We just have to pray that he doesn't steal the election sans Chicago politics.
Posted by: Brenda | Oct 10, 2008 5:28:28 PM
Ivy: "Give her a break---she didnt even know what the heck a 'Sudan' was until last week..." OMG!! LMAO!!
Posted by: Val | Oct 10, 2008 5:25:33 PM
Palin is a joke. . . . merely the product of a PR firm. Her big crowds aren't all supporters. Remember. . .train wrecks draw big crowds too. I had little respect for her but when she failed to reprimand her audience for yelling "kill him," I lost ALL respect. She is dangerous and unstable like McCain.
Posted by: MJ Donaldson | Oct 10, 2008 5:24:45 PM
I think that is right, give her a break. She really does not know anything beyond what she can see from her house.
Posted by: jrc903 | Oct 10, 2008 5:18:18 PM
keep digging you liberal jerks that meaning you ABC maybe someday you will find something.
Posted by: cheezbawl | Oct 10, 2008 5:14:42 PM
The economy is in a horrible state. To continue with the policies which precipitated in this horrible situation is beyond comprehension. If America pursues the path it is on, history will record it as one of the most disastrous mistakes in the history of the country, if not the world. Americans must put aside petty distractions and make decisions that they know will help pull the country out this financial abyss. It is surreal that so many Americans are devoting their time to petty matters that will have no significance after the election is over. The economy will persist to be a problem for a long time to come.
Those who seek to spread divisive propaganda at a time when the nation is suffering as it is now are not serving their country, nor do I think in the long run they are serving their own narrow interests. It is in no way an example of the idea expressed by the motto: “Country First.”
Posted by: rhbate | Oct 10, 2008 5:11:51 PM
Non-story. I am a true-blue Obama supporter and this is irrelevant stuff. I wish ABC would offer to check all of our investments for Darfur connections and let us know so we can divest too. I think Palin is a complete rube, but you pointed out the connection and she is divesting. End of story.
Posted by: TomSeattle | Oct 10, 2008 5:11:44 PM
Giver her a break---she didnt even know what the heck a "Sudan" was until last week...
Posted by: Ivy | Oct 10, 2008 5:09:52 PM
LEGG MASON INTERNATIONAL EQUITIES also known as CITIGROUP ASSET MANAGEMENT LTD... so I guess this means everybody who has a bank account or charge card with Citi Group is supporting the genocide in the Sudan....including all Federal Employees who have a Government Citi-Group Travel card……So YOU all better close your account
Posted by: Vet1973 | Oct 10, 2008 5:07:03 PM
game recognize game! yep yep. I see through mccain/palin. yall should too. they tryna play the people of America.
Posted by: disguise | Oct 10, 2008 5:04:32 PM
game recognize game! that what mccain/palin is doing there trying to play the people of america. don't be stupid.
Posted by: disguise | Oct 10, 2008 5:03:03 PM
How many of you are really informed of your investments? Good grief....I'm not an expert in that area...so I pay someone to do it for me. I couldn't tell you where my money is. I trust my advisor and he has always done very well for me. This isn't an issue....just more of the typical one sided media doing anything they can to get him in office. We are screwed with either of these candidates that are running.......and unfortunately McCain is the lesser of two evils.
Posted by: Chris | Oct 10, 2008 5:01:32 PM
Well McCain/Palin made a big deal out of Obama's "Possible" associations...all is fair in the game of politics.
Posted by: Independent John | Oct 10, 2008 5:00:16 PM
Proud liberal, here, and I'm going to shock the heck out of wing-nuts. Palin has done the right thing by agreeing to sell her shares of this Mutual Fund. She should not be judged negatively for having held that fund to begin with. It's been correctly noted that many of us may, indeed, be invested the Sudan without even knowing it. Now that we're all taking a bath in the stock market with our 401(k)'s and paying more attention, this is probably a good time for all of us who do not support genocide to take a closer look at our investments and make sure the funds we hold aren't doing business with the bad guys.
I don't support Palin as a VP or president, but I'm not one to cry foul when there isn't one. In this case, and this case only, her hands are mostly clean.
Posted by: AppeaseThis | Oct 10, 2008 5:00:01 PM
McCain/Palin have already lost.
Obama leads in states with 248 Electoral College votes while McCain is ahead in states with 163 Electoral College votes. When “leaners” are included, it’s Obama 300, McCain 174.
Posted by: Other Way | Oct 10, 2008 4:58:56 PM
Sarah Palin is spewing hateful comments, BUT her speeches are written by McCain's writers. She is a good speaker. This is what makes is so scary.
I'm a lifelong Republican who just can't vote that way this year. It's the only way I have to show my dislike of what's happened in the last 8 years.
I think O'Bama's ties to dishonorable people has been greatly over-exaggerated, especially now that the tide is turning away from McCain. They are desperate to avoid talking about the economy.
Americans are smarter than that.
Posted by: Virginia | Oct 10, 2008 4:55:35 PM
NON-STORY..... I would bet 90% of the prople on this site who have retirement plans have NO idea how these plans work or what specific companies are in the mutual funds investments………most people have NO idea how their money is invested by their retirement plans …Palin retirement plan has MAYBE $15,000 dollars compared to the $180,000 BO’s plan had invested… what is the issue……just more mud slinging by the media…….. bet her farts stink just like BO’s to….
Posted by: Vet1973 | Oct 10, 2008 4:50:47 PM
I knew shw was guilty by association, What a freakin terrorist supporter she is.
Posted by: Tony | Oct 10, 2008 4:48:29 PM
you know, I dont care about her anymore because I would have never voted for her. For all the people who keep talking about Ayers and ACORN I say to you:
"ITS THE ECONOMY STUPID!"
Posted by: Brendan | Oct 10, 2008 4:48:17 PM
This country is full of idiots. If Obama wins we will be wishing that we had George Bush back... Thats how bad I think it will be. Both canidates suck but at least I know who the h*ll McCain is.
Posted by: AllAmerican | Oct 10, 2008 4:43:20 PM
Palin with a Mutual Fund with Sudan Holdings. Oh you mean those people who are committing genicide in Darfur?
Now why does that not surprise me? And why does it also not surprise me that Republicans don't believe it is a big deal?
Maybe we can just list this as an INVESTIGATION TO NO WHERE just like the other INVESTIGATION TO NO WHERE where the Police commissioner would not fire her Ex-Brother In-Law.
And ad them to the list of The "ROAD TO NO WHERE" which Sarah built with the money that she got for her "BRIDGE TO NO WHERE" that Palin claimed to have told congress, "THANKS BUT NO THANKS!" Yet she still kept the money.
Posted by: meredith | Oct 10, 2008 4:41:18 PM
Well, regardless of how you feel about her, I applaud the fact that she divested as soon as she found out. I may not want her as my VP, but that doesn't mean she did anything wrong here, or that she did the wrong thing when she found out. Way to go Palin.
Posted by: J in Denver | Oct 10, 2008 4:38:20 PM
My vote isn't going to change by now anyway. Palin isn't worth a vote to begin with... I don't care if she's being protected from witches, under investigation, or an idiot. Still won't win me over, even with all those good reasons!
Posted by: Matt | Oct 10, 2008 4:33:09 PM
McCain and Palin!! I'm sure other people are invested in this and do not realize it. Get off her case and report on something else which holds value to the American people. ABC is trying to hard to find everything wrong with McCain and Palin. The focus needs to be on Obama and his inexperience and a horrible leader he will be. Oh, and association with terriost.
Posted by: Kristi1184 | Oct 10, 2008 4:29:54 PM
"I would bet 90% of the idiots on this site who have retirement plans have NO idea how these plans work or what specific companies are in the mutual funds investment"
90% of us aren't running for VP of the United States while thumping our chests about divestment from Sudan.
This is but a small lie from Palin, one that can be heaped oon the pile with her many, many other lies.
Posted by: Ryan C | Oct 10, 2008 4:29:51 PM
NON-STORY..... I would bet 90% of the idiots on this site who have retirement plans have NO idea how these plans work or what specific companies are in the mutual funds investments………most people have NO idea how their money is invested by their retirement plans …Palin retirement plan has MAYBE $15,000 dollars compared to the $180,000 BO’s plan had invested… what is the issue……just more mud slinging by the media…….. bet her farts stink just like BO’s to….
Posted by: Vet1973 | Oct 10, 2008 4:24:39 PM
Oh, for the love of...
It's a 401K plan! I bet half of us on this board, who have a 401K plan through their employer, are guilty of exactly the same thing.
What's wrong with you, ABC?
Posted by: coloradorocket123 | Oct 10, 2008 4:23:08 PM
Allison, stop your ignorance is showing,
I find it interesting how republicans thugs can cry voter fraud, when they have been engaging in voter caging and voter suppression throughout the coutry, targeting blacks and college students. IT is the last act of a desperate party. Remember, Bush stole the election from Gore, remember Flordia. How soon we forget.
If you would like to know the gist on Acorn, go to talkingpointsmemo and huffingtonpost. Stop taking lessons from the Rush Limb school of idiot and and watching Fox News, try thinking for yourself for a chage.
Posted by: cb | Oct 10, 2008 4:22:25 PM
Palin is so fake.
Posted by: Chris | Oct 10, 2008 4:21:48 PM
Palin supports terrorists!
Palin supports terrorists!
Palin supports terrorists!
Palin supports terrorists!
Posted by: Sean | Oct 10, 2008 4:21:38 PM
>> I am voting on emotion (like 50%) of Americans, and that means character and judgement come into play, and record and service << BAH! McCain blabbed the US plane routes to the Viet Cong. He is a traitor! He was 3rd from the bottom of his graduating class! So much for intelligence. And he couldn't/didn't read the instructions on the planes he flew and so couldn't find the eject button on one and crashed several. Hahahaha...what a loser. And REAL WOMEN DO NOT HUNT MOOSE! Don't want a VP that bans library books!!! OBAMA/BIDEN will try to get this country on track. Haven't the Republicans done enough to you????
Posted by: Lasandra | Oct 10, 2008 4:20:53 PM
Sarah Palin husband made the investments on her behalf and kept it in the dark. She is playing the innocent game, we are not that stupid McCain/Palin.
Posted by: Randy | Oct 10, 2008 4:18:08 PM
Alison...because it is crap!!! Obama was a lawyer for the firm when they were fighting for the rights of minorities to vote. That was LONG before he was a Senator. And that was it.
You cannot get blood from a turnip!!!
Posted by: thetruth | Oct 10, 2008 4:14:35 PM
Palin said:
The McCain-Palin campaign said that Palin did not know of the holdings.
I guess she knew as much as Obama knew about the bombings when he was 8 years old.
Posted by: militarymom | Oct 10, 2008 4:12:43 PM
ACORN, OBAMA, CORRUPTION, ACORN, OBAMA, CORRUPTION! How come ABC News is not reporting on this story?
Posted by: Alison | Oct 10, 2008 4:11:27 PM
Well, there ya go! The woman is supporting genocide and funding terrorists. I knew it; I could tell by the way she was maverickin'.
Posted by: hang | Oct 10, 2008 4:10:53 PM
I don't blame McCain or Palin for wanting to be President. I blame the shallow party loyal people who want to MAKE them president.
Posted by: Independent John | Oct 10, 2008 4:08:59 PM
Of course poor Sarah knew nothing about this Sudan stuff. I'm sure her husband kept her in the dark about it. ;o)
Posted by: joesmom | Oct 10, 2008 4:05:39 PM
Some mutual funds hold thousands of investments. People should comb through every single one? How ridiculous. My 401K holds a half dozen funds. Each of those hold thousands of investments. At least one of them probably holds some of the Sudanese companies. The important question is do I give a rat's ***? The answer is no.
Posted by: JoeSixPack | Oct 10, 2008 4:05:18 PM
If Gov. Sarah Palin, by John McCain's estimation, "knows more about energy than probably anyone in the United States of America," then why is she getting such basic facts about our nation's energy production wrong?
At a townhall event in Wisconsin on Thursday, Palin was asked by a concerned questioner whether it was true that the United States was shipping 75 percent of its Alaskan oil overseas. She responded by proclaiming it impossible, since Congress had put strict bans on the amount of oil and gas that America could export.
Not so. As the Associated Press reported:
No Alaska oil has been exported since 2004, and little if any since 2000, according to the Energy Information Administration and the Congressional Research Service.
And Congress has never imposed outright bans on oil exports. Congress prohibited exports of Alaska oil in 1973 when the Alaska oil pipeline was built. But that ban was lifted in 1996 when there were large volumes of Alaska oil coming down from the North Slope and U.S. demand was soft.
The Alaska ban has never been reinstated.
Unfortunately, for Palin, this was not merely an inconsequential misstatement but rather another in a series of errors when it comes to discussing what is supposed to be her policy strength. For a while on the trail, the Alaska Governor was fond of declaring that her job - as head of state - "has been to oversee nearly 20 percent of the U.S. domestic supply of oil and gas."
That too was incorrect. As the Washington Post's Fact Checker noted:
Alaska is the ninth largest energy supplier in the United States, accounting for a modest 3.5 percent share of the nation's total energy production...
Data compiled by the Energy Information Administration contradict her claim that she oversees "nearly 20 percent" of oil and gas production in the country. EIA data, Alaska accounted for just 7.4 percent of total U.S. oil and gas production in 2005…
Posted by: Carole K | Oct 10, 2008 3:57:02 PM
"A sucker is born every minute" ... WC Fields. The knowledge and intelligence of my fellow Americans is embarrassing. We are to blame for the mess we are in. We vote these guys in.
Posted by: embarrassed american | Oct 10, 2008 3:32:33 PM
Lies, The Dead voting , Pandering. Hmm. What Party does that sound like?
You forgot gross hypocricy, hacked voting machines, stolen elections, and you've got the Republicans!
Posted by: GS | Oct 10, 2008 3:29:52 PM
Lies, The Dead voting , Pandering. Hmm. What Party does that sound like?
Posted by: mm | Oct 10, 2008 3:04:58 PM
Wow, You run for office and you get to find out if you are related to any royalty and/or if any of your previously boring investments have a sinister side.
Posted by: mm | Oct 10, 2008 3:02:53 PM
We need a new party that represents those no longer represented by either party. The spin-off to the Whig Party has strayed. And the other party has pretended to get religion. It’s all a big fairy tale hearing the revival speeches by Obama and the party disassociation by the maverick McCain. We can either jump right into the sell out of the US with Obama or wait for the geezer to go wacky/croak. Neither of them were my candidate of choice.
Posted by: MBell_TX | Oct 10, 2008 2:48:50 PM
Excuse me but it's the Republican President that just signed into law the $700 billion bailout.
Bush SOCIALIZED the DEBT.
Privitize the profits/wealth, socialize the debt. That's called Fascism, my friends.
If we hadn't been in the WRONG, IMMORAL war spending 10 billion a month for the last many years maybe we wouldn't be in this situation.
I'll take an intelligent Obama over the moron in the White House any day, how could we possibly do any worse?
Oh...ya, McShame/and extremist Palin
Posted by: GS | Oct 10, 2008 2:33:11 PM
In a sharply worded editorial on its Web site Thursday, the editors of The National Review -- an influential bastion of conservative thought -- derided the plan as "creating a level of moral hazard that is unacceptable" and called it a "gift to lenders who abandoned any sense of prudence during the boom years."
Prominent conservative blogger Michelle Malkin went one step further, calling the plan "rotten" and declaring on her blog, "We're Screwed '08."
So, you can no longer claim it's only us "liberal" Obama supporters that are badmouthing the McCain/Palin ticket. This isn't about past indiscretions (let's not forgot McCain was involved in a very public scandal before and was admonished for his part but not prosecuted) because no one is a perfect angel. This is about the proposals, the platforms, and the state our country is in now. If people who are on "your side" can't even believe this BS is no longer good for our country, why are you still trying to fight change? Why are you still yelling about rumors and speculation? This isn't the time to be petty, this is time to get serious. Your money as well as mine is at stake: I don't see the DOW and NASDAQ numbers separated by political parties. I'm sure the sheriffs won't care or ask if you're a Democrat or a Republican when they show up to kick you out of your foreclosed home.
Posted by: Kim W. | Oct 10, 2008 2:29:32 PM
Hey ABC, how about some blogs on Obama and his 800K connection to ACORN. Surely, you guys have a lackey who can google this and get us a blog on it.... that is, if you care to look into the truth about Obamamessiah.
Posted by: where are the journalists | Oct 10, 2008 2:24:40 PM
Just why are the american people so dumd? Here we have proof that the democrats have taken more money from
wallstreet yet they are going to put
these idiots back in. Do you really enjoy being bent over?
Come on vote out these crooks!
Obama, Dodd,Frank,Reid,Pelosi,Schummer,ect
they have to go they got enough money from us.
Posted by: Melissa | Oct 10, 2008 2:24:09 PM
Polly:
re: If obama is elected his government will finish the job, we will then be totally a socialist country.
how's that good ol' American capitalism looking right now... yeah.. lets bankrupt 95% of the country so Reps can win......
.. maybe some form of socialism is what we finally need..
lets take away Cindy McCain's and W's family fortune and health care and see how they feel...
John Sidney McCain has been partaking in socialist heath care all his life.
Posted by: dewde | Oct 10, 2008 2:23:44 PM
Jake, Who did your research for you? There are more than one Legg Mason International Equities (LMGEX)...the one that Palin is in invests in HSBC, BP Pic, Vodaphone, Nestle...
The fund that you have quoted in this article is the Legg Mason International Equity "Trust" fund (LGIEX).
Get your FACTS straight! Shame on you, maybe someone should investigate ABC newman.
*****
JAKE'S NOTE: That is incorrect, the fund in which Palin had an investment was LGIEX.
Posted by: ssbarco | Oct 10, 2008 2:19:26 PM
Sounds similar to Obama's ignorance of not knowing Ayers was a terrorist but showing up for a fundraiser at his house. remarkable. But lets ignore Obama's ties to radicals. In a few years another dem will be running for president that was best friends with Timothy McVeigh. But the same idiots that don't care about Obama's associations would sweep that under the rug too.
Posted by: arial | Oct 10, 2008 2:14:27 PM
It is simply amazing that people will do anything to bring the best ticket for president down. How many people have money invested in mutual funds that might be doing business in countries not approved by the socialist (Democratic Party)?
Obama has funnelled tax money to his radical Trinity Church and his wife's employer so she was given a super pay raise. Obama also supports ACORN who has been doing business by registering unqualified voters and forcing banks to lend to people who can not repay loans or mortgages. He has managed to earmark a million dollars a day for his fluff in his home town.
Lies, voter fraud and fear mongering is Democratic (SOCIALIST) way. Obama gotta win, any way he can. He has to redistribute America's wealth. That is the CHANGE he wants. The Democrats are responsible for the current ecomonic crises. This statement is being repeated around the world. Watch CNN International.
Posted by: Marla | Oct 10, 2008 2:13:28 PM
Neither of these guys have the answer to this financial crisis....NEITHER OF THEM. All Obama has to do is sit back and let the people blame the last 8 years on McCain...but not me. I am voting on emotion (like 50%) of Americans, and that means character and judgement come into play, and record and service to EARN THE KEYS TO THE WH. Barack Hussein Obama does not qualify, John Sidney McCain does.
Posted by: Hope, Change, Hate, Nobama '08 | Oct 10, 2008 2:02:19 PM
-