Berkeley CSUA MOTD:Entry 43502
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2025/05/23 [General] UID:1000 Activity:popular
5/23    

2006/6/26-28 [Politics/Domestic/California, Politics/Domestic/911] UID:43502 Activity:nil
6/26    http://csua.org/u/g9l (Wash Post)
        Republican House members buy cheap real estate, earmark a freeway next
        to it, then sell the land at a huge profit
        \_ republicans rool while liberals drool1!!!111!!1one
        \_ From what I hear, he's actually owned the land for many years, and
           the buyer insists that the price is up because of general real
           estate trends, not the freeway.  Gonna be hard to prove one way or
           another, but I'd hardly call it a slam-dunk.
           \_ that is a completely bull-shit.  no one will *INSIST* on
              spending extra million or two for a lot of land if s/he can
              buy that land for cheap.  Just admit it, he earmarked the
              bill and he is personally benefiting from it.
              \_ Uh, where'd you get "extra" million from?  The price has gone
                 up since he bought it... what real estate _hasn't_?
          \_ You do know about conflict of interest don't you?
2025/05/23 [General] UID:1000 Activity:popular
5/23    

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Cache (4369 bytes)
csua.org/u/g9l -> www.washingtonpost.com/wp-dyn/content/article/2006/06/21/AR2006062102210.html
A Republican House member from California, meanwhile, received nearly double what he paid for a four-acre parcel near an Air Force base after securing $8 million for a planned freeway interchange 16 miles away. And another California GOP congressman obtained funding in last year's highway bill for street improvements near a planned residential and commercial development that he co-owns. May 2, 2005: Hastert transfers an additional 69 acres of land to Little Rock Trust #225 from the 195 acres purchased in 2002. intends to build a 1,635-home residential and commercial development, 55 miles from the proposed Prairie Parkway. SOURCES: Sunlight Foundation, White House Politics Trivia Who was the first US president to appoint an Asian American woman to a Cabinet post? Gary Miller say that they were securing funds their home districts wanted badly, and that in no way did the earmarks have any impact on the land values of their investments. But for watchdog groups, the cases have opened a fresh avenue for investigation and a new wrinkle in the ongoing controversy over earmarks -- home-district projects funded through narrowly written legislative language. For more than a year, the congressional corruption scandal triggered by former lobbyist Jack Abramoff has focused attention on earmarks secured by lawmakers on lobbyists' and government contractors' behalf. Now watchdog groups are combing through lawmakers' land holdings and legislative activities, searching for earmarks that may have boosted the value of those investments. "The sound bites from politicians have always been that they're doing what's best for their districts, but we're starting to see a pattern that looks like they might be doing what's best for their pocketbooks," said Keith Ashdown, vice president of the group Taxpayers for Common Sense. The allegation that Hastert used a home-district "earmark" for his personal enrichment is now at the center of a tussle between the most powerful man in Congress and a new watchdog organization that uncovered the land deal this month. Hastert has strongly denied any wrongdoing and has demanded a retraction from the Sunlight Foundation, a new group that first made the allegation in a detailed report on its Web site last week. At issue is a series of events that left Hastert $2 million richer and his district well on its way to securing a highway that has been the subject of a dispute between pro-growth and slow-growth forces for years. The controversy has been extensively reported by the Illinois news media. In February 2004, Ingemunson, treasurer of Hastert's campaign committee and chairman of the Kendall County Republican Party, established Little Rock Trust #225. A week later, through the trust, Hastert and his business partners purchased a 69-acre parcel for $340,000, providing road access to part of Hastert's farm that had been landlocked. In May 2005, Hastert transferred the 69 acres of previously hemmed-in land from his farm to the land trust. That summer, Hastert personally intervened during House and Senate negotiations over a huge transportation and infrastructure bill to secure two separate earmarks, $152 million to help build the Prairie Parkway through Kendall County and $55 million for an interchange 5 1/2 miles from his property. Arthur C Zwemke, a Robert Arthur partner whose company plans to build a 1,635-home residential and commercial development on the site, scoffed at assertions that the Prairie Parkway had boosted the value of Hastert's land. The price for the land had been locked up in 2004 by land speculator Ron March, who then ceded the project to Robert Arthur Land, he said. The price, he added, could not have risen with the news of the Prairie Parkway funding. Besides, the parkway is still years from construction, he noted, and land prices are soaring as Chicago's sprawl moves ever westward. Permission to Republish Post a Comment Comments: (Limit 5,000 characters) Post Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site.