Elizabeth Warren’s campaign revises pay from TARP panel

Scott Wong & John Bresnahan

The campaign for Democratic Senate hopeful Elizabeth Warren said Friday she had been paid $192,722 for serving as chairman of a congressional committee that monitored the 2008 federal bank bailout, three times as much as had originally been acknowledged.

The Warren campaign revised the figure following a POLITICO report on Thursday, highlighting the fact that the Congressional Oversight Panel, which oversaw the TARP program, has not publicly disclosed exactly how it spent $10.5 million on salaries, travel, consultants and other expenses. Warren said she now supports public access to the oversight panel’s records, though her campaign wouldn’t say if she plans to actively push to open up the records.

Warren served as the oversight panel’s chairman from its creation in the fall of 2008 until September 2010, when President Barack Obama tapped her to help launch the Consumer Financial Protection Bureau. Senate Republicans, however, blocked her from being formally appointed to head the new agency.

Warren spokesman Kyle Sullivan initially said Warren, who is seeking the Democratic nomination to take on Sen. Scott Brown (R-Mass.) next year, had earned $64,289 for serving on the oversight panel, based on executive-branch financial disclosure statements she filed for 2009 and 2010.

But Sullivan told POLITICO on Friday that the campaign had overlooked $128,433 Warren earned from the panel in 2009.

“In a rush to meet your deadline, we made an honest mistake,” Sullivan said. “And we misread a document and thought $64,289 was for 2009 and 2010. It was only for 2010.”…

The article continues at Politico.com

Related: via Instapundit, SEEN ON FACEBOOK, this response to Elizabeth Warren.

click the image to enlarge

UPDATE: A reader sends this response:

Group of friends of Stanford football post on a board called thebootleg.com On the current events board, we have debated the Warren comments. here was my response:

“You built a factory out there? Good for you,” “Built a factory” is a summary for a lot of work. Put up equity, designed a business, took risk to buy land, get permits, pay property taxes and use taxes and permit fees. Then, bought a bunch of equipment and had it installed …and paid sales taxes. Hired some employees and paid them a bunch of money and paid payroll taxes on top of that. Bought a bunch of raw materials from companies that paid a bunch of salaries and a bunch of taxes. Building a factory is a huge private investment that pays the public a lot of taxes for the right to be built.

“But I want to be clear: you moved your goods to market on the roads the rest of us paid for.” Between fuel taxes, license fees, tolls and various taxes on transportation related activities, the roads budget is smaller than the total tax take.

you hired workers the rest of us paid to educate; No, you did not educate them. You babysat them for 12 years. Then I hired them, taught them how to be responsible and show up for work, taught them how to communicate in clear sentences, taught them that there are rights and wrongs and (unlike with your schools) wrongs have consequences in the workplace. Then paid for extended education for my employees so they could continue to improve themselves and better add value to what we do around here.

“You were safe in your factory because of police forces and fire forces that the rest of us paid for.” Funny, my factory has 24/7 security guards because the last time it was broken into, the police did not even bother to take a report, they just said “call your insurance company”. As for fire? The closest fire department is 10 miles away. My insurance company requires that I have a full wet sprinkler system to qualify for insurance because there is no local fire protection.

“You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.” Well, that is not exactly true. When the AFL-CIO tried to unionize my workforce, they staged three days of noisy protests outside my factory. The police forces just stood around and watched as the protesters intimidated my workers, vandalized their cars and destroyed my property.

You say “we” like the government and society are the same. They aren’t. My company and my community and you politicians are not “we”.


UpdateElizabeth Warren’s Social Shakedown

If intellectual obscenities could be ranked, it would be hard to outdo Elizabeth Warren’s recent tirade against America’s wealth creators…

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