From Mark Zdechlik:
Rep. Michele Bachmann's political action committee has hired Wes Enos, the Iowa political director for former Arkansas Gov. Mike Huckabee when he ran for president in 2008.
Bachmann chief of staff Andy Parrish confirmed Enos will serve as a consultant to Bachmann's MichelePAC. Bachmann is weighing a bid for the 2012 GOP nomination. She has made numerous visits to early nominating states.
Enos, of Bondurant, IA, helped Huckabee win Iowa's precinct caucuses. Referencing the Enos hire, Parrish told MPR News, "The more money we raise, the more help we need."
Bachmann raised $2.2 million for her congressional campaign and political action committee in the first three months of this year.(1 Comments)
Rep. Tim Walz is once again co-sponsoring legislation that would prevent members of Congress and their staff from engaging in insider trading.
People in the private sector are prohibited from using non-public information to inform decisions about buying and selling stock. Lawmakers' jobs frequently give them access to similar information, but absent a specific confidentiality agreement, it's unclear whether the same insider trading rules apply.
There are no clear-cut examples of members of Congress or staffers using confidential information to trade. But as support for their bill, sponsors usually point to an incident involving Tony Rudy, a top staffer for former House Speaker Tom Delay, who reportedly used his work computer to day trade.
Walz and New York Democrat Louise Slaughter are also concerned that members of Congress and their staff share confidential information that can be used to make stock decisions with outside firms
Among other things, Walz and Slaughter's bill would:
• Prohibit lawmakers, congressional staffers and Executive Branch staffers from using nonpublic information acquired on the job to trade stock.
• Prohibit government outsiders from using information obtained within Congress or the Executive Branch to trade stocks.
• Require lawmakers and congressional staffers to report the purchase, sale or exchange of stocks, bonds or commodity futures greater than $1,000 within 90 days.
Read more about the bill on Walz's website.
Tim Pawlenty's crackerjack video editor has posted yet another Hollywood-style online video touting the former governor's run for the White House. See it here:
The video was posted shortly after President Obama officially declared his intention to run for a second term. Somewhat strangely, one of the people visible in the montage of faces and voices is economist and New York Times columnist Paul Krugman saying, "Washington has given up on the jobs picture."
Slate blogger David Weigel noticed Krugman too, and calls the use of Krugman's image, "A very odd excerpt to use." That's because the context of Krugman's quote was that the federal government should be doing more, not less to stimulate the economy.
Just last week, Krugman blasted Pawlenty on his blog, saying that Pawlenty's claim that the economy is nearing a double-dip recession shows the former governor has, "absolutely no idea what's he's talking about."(2 Comments)