“The Obama Administration has issued some 106 rules in its first three years that collectively will cost taxpayers more than $46 billion annually in compliance and lost productivity. This is four times the number of major regulations and five times the cost of rules issued in the prior administration’s first three years.”
“Since the 2008 financial crisis, the Fed has tripled its balance sheet to $3 trillion, equivalent to 20% of the economy, through an unprecedented series of bailouts and economic interventions,” Chairman Issa said.
“Last week’s unemployment numbers remained stuck at unacceptably high levels. This reflects the poor climate for businesses that currently exists under the Obama Administration,” said Oversight Chairman Issa.
“Your ominous message – which could be interpreted as a threat – is likely to have a major chilling effect on ATF employees exercising their rights to contact Congress. Therefore, it needs to be clarified.”
“Federal spending data, especially the data most readily available to the American people, is not accurate, not timely, not complete, and not useful. “
Rep. Trey Gowdy explains why the President’s assertion of executive privilege does not apply to the Fast and Furious documents in a new video released by the House Committee on Oversight and Government Reform.
The Inspector General for the Department of Justice has initiated an investigation into the situation described in a June 29 letter from Senator Chuck Grassley and Chairman Darrell Issa about two whistleblowers who testified before Congress about the Fast and Furious matter under the supervision of an individual who allegedly threatened to retaliate against them.
House Oversight and Government Reform Committee Chairman Darrell Issa today released a new report following the Committee’s three year investigation into Countrywide Financial’s “Friends of Angelo” and “VIP Program” that issued discounted mortgages to influential Washington policy figures. The report finds that Countrywide used its VIP Program to aid its lobbying efforts as well as to strengthen its relationship with taxpayer backed Fannie Mae. Countrywide partnered with Fannie Mae in a strategic business alliance that also included joint lobbying efforts.
The U.S. House of Representatives has approved a resolution holding Attorney General Eric Holder in contempt of Congress over his refusal to produce Operation Fast and Furious documents subpoenaed last October. The vote on H.Res. 711, making a finding of contempt, was approved by a vote of 255 to 67. Seventeen Democrats crossed party lines to join the majority in the finding of contempt against Attorney General Eric Holder. The House is also scheduled to vote later today on H.Res. 706, authorizing civil action in courts to compel production of subpoenaed documents.
Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) and Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending Chairman Jim Jordan (R-OH) today released the following statements regarding a Department of Energy announcement that Abound Solar, Inc., would close and declare bankruptcy. The received $70 million in public funds on a loan guarantee of $400 million approved by the Obama Administration. This is the third firm that received a loan or guarantee from the Obama Administration to declare bankruptcy.