Alexandra Pelosi, daughter of House Minority Leader and former Speaker Nancy Pelosi, told Big Government this week that her mother wants to leave Congress–and that she remains in Washington only at the behest of her campaign donors.

During a telephone interview, Ms. Pelosi–speaking from a friend’s home in New York City–described her mother’s predicament:

She would retire right now, if the donors she has didn’t want her to stay so badly. They know she wants to leave, though. They think she’s destined for the wilderness. She has very few days left. She’s 71, she wants to have a life, she’s done. It’s obligation, that’s all I’m saying.

Pelosi’s revelation is significant, given that her mother pushed to serve as Minority Leader after the Democrats’ historic losses in the 2010 midterm elections, and that many Democrats–including President Barack Obama–are campaigning on the expectation that she will be restored as Speaker if they can retake the House in 2012.

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From CBSNews:

Documents obtained by CBS News show that the Bureau of Alcohol Tobacco, Firearms and Explosives (ATF) discussed using their covert operation “Fast and Furious” to argue for controversial new rules about gun sales.

In Fast and Furious, ATF secretly encouraged gun dealers to sell to suspected traffickers for Mexican drug cartels to go after the “big fish.” But ATF whistleblowers told CBS News and Congress it was a dangerous practice called “gunwalking,” and it put thousands of weapons on the street. Many were used in violent crimes in Mexico. Two were found at the murder scene of a U.S. Border Patrol agent.

ATF officials didn’t intend to publicly disclose their own role in letting Mexican cartels obtain the weapons, but emails show they discussed using the sales, including sales encouraged by ATF, to justify a new gun regulation called “Demand Letter 3″. That would require some U.S. gun shops to report the sale of multiple rifles or “long guns.” Demand Letter 3 was so named because it would be the third ATF program demanding gun dealers report tracing information.

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Monday night’s episode of The O’Reilly Factor, the number one show in cable news, features an unusual collaboration between FOX and CBS as Steve Kroft of 60 Minutes joins Throw Them All Out author and Breitbart editor Peter Schweizer to discuss insider trading in Congress.

In less than a week, Schweizer’s book–which documents suspicious trades by members and leaders of both parties has upended Washington, DC, prompting hearings to be scheduled in both the Senate and House and shining public scrutiny on a previously hidden avenue of potential corruption and political self-enrichment.

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This morning, Breitbart editor Peter Schweizer appeared on MSNBC’s Morning Joe to discuss his new book, Throw Them All Out, which has shaken Washington to its core in the past few days. The battle over insider trading in Congress has set up a confrontation between bipartisan reformers on the one hand, and defenders of the insider-trading status quo on the other.

In the course of the interview, Schweizer responded to Rep. Spencer Bachus (R-GA), chair of the House Committee on Financial Services, who is fighting calls for his resignation. As it has become clear that the insider trading scandal is not going away, Rep. Bachus has abandoned his early reticence in favor of a more aggressive defense.

Schweizer, who was joined on the show by Steve Kroft of CBS, reiterated his case against insider trading in Congress:

Visit msnbc.com for breaking news, world news, and news about the economy

Bachus seems to be fighting a losing battle, as momentum for reform builds in Washington. Even Rep. Barney Frank (D-MA), the ranking member on Bachus’s committee–who belatedly discovered his enthusiasm for reforming Fannie Mae and Freddie Mac when facing a serious public backlash and a tough re-election–is now calling upon Bachus to join efforts to pass the STOCK (Stop Trading On Congressional Knowledge) Act.

Big Government has obtained a letter that Rep. Frank sent to Rep. Bachus urging him to support the STOCK Act–”which, I acknowledge, should have been addressed when I was the Chairman.”

Rep. Bachus’s letter to Schweizer’s publisher is posted below, followed by Schweizer’s response, and by Rep. Frank’s letter to Rep. Bachus.

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Last night, 60 Minutes aired its report on possible insider trading by Members of Congress. A principal focus of the report was House Minority Leader Nancy Pelosi and her participation in an IPO of Visa, one of the hottest IPOs in recent years. Reporter Steve Kroft questioned Leader Pelosi recently at a press conference about her investment and its possible impact on credit card legislation before the House during her term as Speaker.

I will have much more to say on this soon, as the legislative maneuvering around the recent credit card bill is a rich narrative and suggests there may be something to Kroft’s suspicions. For now, though, I have a more fundamental question: How did Nancy Pelosi get access to Visa’s IPO in the first place?

Participation in a stocks IPO, i.e. Initial Public Offering, is one of the more sought after trades on Wall Street. Often, an IPO investor is able to get into a stock at a relatively low price and realize an almost immediate gain once trading commences, especially if the IPO is “hot” or, rather oversubscribed, meaning more investors wanted shares than were available. Visa’s IPO was blockbuster-level “hot.” As reported by The New York Times:

Visa‘s blockbuster initial public offering is currently oversubscribed for its expected trading start on March 20, Scott Sweet of the research firm IPO Boutique told MarketWatch.

Mr. Sweet told the publication that the I.P.O. is drawing “extreme demand.”

It is very difficult for any individual investors to participate in an IPO, as most of the shares are reserved for major brokerage clients, institutional investors and pension funds. It is so difficult, in fact, the SEC has published an “FAQ” on why it is so difficult for individual investors to participate in IPOs:

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Results of a recent Washington Post/ABC poll, conducted with 1,001 random adults- not likely voters- found that 77% of those polled believe that Republicans are being too stubborn and uncompromising when it comes to the debt debate. The survey also found that 62% of the respondents believe that a combination of cutting spending and increasing taxes is the best way to reduce the federal budget deficit. These results follow along with common stereotypes that Republicans are rigid, rather than principled, about important issues concerning the nation, and that “all of the above” is better- or, for non-committal types, more convenient- than one option. After all, why bother to educate yourself about the options, when you can simply choose everything?

Similarly, a CBS News poll regarding the debt talks, conducted with 810 random adults- 24% who gave their political affiliation as “Republican,” 35% “Democrat,” and 41% “Independent-” found that 43% approve of the president’s handling of the debt talks, 31% approve of the Democrats, and only 21% approve of the Republicans’ management of the negotiations. This survey also found that half of Republicans, 51%, disapprove of how members of their party in Congress are handling the negotiations. It should be noted that, while the poll did not obtain responses from equal numbers of Republicans and Democrats, some Americans who identify themselves as “Republicans” are indeed disapproving of their congressional representatives- but because they believe they are not being principled enough.

Keep in mind that likely voters are not representative of the general population of telephone owners. Likely voters are generally more aware and informed about the issues, enough to commit to get out and vote.

Enter Rasmussen Reports, which, this week, finds that a generic Republican presidential candidate earns support from 47% of likely voters, as President Obama earns 41% of support. Similarly, for the second week in a row, Republicans were shown to have a six-point lead over Democrats on the Generic Congressional Ballot, 44-38%. Unaffiliated voters prefer the Republican candidate by a 40% to 25% margin.

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An incredible story, even by Weinergate standards:

WASHINGTON (CBSNewYork) — Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.

But he still wouldn’t say whether he’s the one in the picture.

So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.

You’ll never believe what happened.

Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.

Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there.

Finally, brave press secretary David Arnold arrived. The following is the exchange Kramer had with him: (more…)

This afternoon, atrocious news surfaced that CBS correspondent Lara Logan had been subjected to “brutal and sustained sexual assault” while covering the celebrations in Egypt.

According to a full statement released by CBS:

On Friday February 11, the day Egyptian President Hosni Mubarak stepped down, CBS Correspondent Lara Logan was covering the jubilation in Tahrir Square for a 60 MINUTES story when she and her team and their security were surrounded by a dangerous element amidst the celebration. It was a mob of more than 200 people whipped into a frenzy.

In the crush of the mob, she was separated from her crew. She was surrounded and suffered a brutal and sustained sexual assault and beating before being saved by a group of women and an estimated 20 Egyptian soldiers. She reconnected with the CBS team, returned to her hotel and returned to the United States on the first flight the next morning. She is currently in the hospital recovering.

There will be no further comment from CBS News and Correspondent Logan and her family respectfully request privacy at this time.

When the news initially broke, I was on Twitter as people began talking about it. Almost everyone was shocked, appalled, and deeply sympathetic for Logan, except for one man.

That man was Nir Rosen. Rosen is a fellow at the NYU Center for Law and Security. When he realized what he said was outrageous and others began informing him of that, he deleted his worst comments. However, some were captured using a “screen grab.”

The ones grabbed show Rosen letting everyone know that he “ran out of sympathy” for her and that everyone should “remember her role as a major war monger”. Also stating, we have to “find the humor in small things”. Rosen also deleted his bio as people began to tweet him. (click pictures to enlarge.)

These are not the kinds of things anyone should say, let alone a fellow at the NYU Center for Law and Security. If you would like to contact NYU about the matter, click this link for the contact information.

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In the wake of a Big Government exclusive report featuring audio of CBS Anchorage affiliate KTVA-TV staffers seemingly plotting potentially damaging scenarios for Alaska Republican Joe Miller’s Senate campaign, the station has been forced to cancel two evening news broadcasts, allowing time for extended discussion on journalistic ethics.

Along with the cancelled broadcasts, the CBS affiliate had already quietly announced the dismissal of two producers in response to Big Government’s reporting.

Two newscasts from Anchorage’s CBS news affiliate, KTVA-TV Channel 11, were canceled Wednesday so staff could deal with fallout from a phone message left by a station employee on the voice mail of a staff member working on Senate candidate Joe Miller’s campaign Oct. 28, the station announced on its website.

Wednesday’s 5 p.m. and 6 p.m. broadcasts were canceled because of time constraints related to an internal discussion on journalistic ethics, according to a message the station’s general manager, Jerry Bever, posted at KTVA.com.

“Events over the last week and a half have been challenging for our station,” Bever wrote in the Wednesday statement. “As the result of a conversation within our newsroom that was accidentally recorded and released to the public, our newsroom credibility has been called into question, and the public’s trust in us has been tested.”

KTVA general manager Jerry Bever’s latest statements on the controversy stand in stark contrast to his earlier statements falsely claiming the CBS affiliate’s staff did nothing wrong.

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UPDATE:

From the Miller Campaign:

Now the media has gone from trying to create stories to openly lying. The audio was pulled directly from the voicemail message. Nothing was altered. “Everything that was recorded on my phone is what we released without change,” said Randy Desoto.

***

The following voice mail message was inadvertently left on the cell phone of Joe Miller campaign spokesperson Randy DeSoto.

The voices are believed to be those of the news director for CBS Anchorage affiliate KTVA, along with assignment editor Nick McDermott, and other reporters, openly discussing creating, if not fabricating, two stories about Republican nominee for U.S. Senate, Joe Miller.

The following is a transcript of a call recorded after CBS Alaska affiliate KTVA called Joe Miller’s Senate campaign spokesperson. The call failed to disconnect properly. It was later authenticated by McDermott, who sent a text to Randy DeSoto stating, “Damn iPhone… I left you a long message. I thought I hung up. Sorry.”

Audio KTVA –

Clearly the reporters were conspiring to set up some type of smear of Joe Miller. With glee, they even cite a recent controversy over an incident involving the Rand Paul campaign, while discussing how they would spread the story via social media after whatever incident they had in mind came off. It also brings to mind another recent episode that ended with Jerry Brown’s California gubernatorial campaign being caught up in controversy when someone from Brown’s camp called Brown’s opponent, Republican Meg Whitman, a “whore.”

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Conservative radio host William Kelly (Kelly Truth Squad AM 560 WIND) recently found himself on the receiving end of mainstream media hostility, as he tried aggressively to interview Rahm Emanuel during Chicago’s Columbus Day Parade.

Chicago Media Icon, Jay Levine of CBS 2, threatened to physically harm Kelly if he didn’t shut up and go away. Levine issued this threat in front of no less than 3 cameras.

Several days later, William Kelly pressed 2nd degree assault charges against Jay Levine.

Our cameras caught up with Levine, and all of the other people involved with this story, to document their reactions to the latest developments.

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What is the most important issue facing the American people today? Until late last Fall, Al Gore, Nancy Pelosi, Harry Reid, Henry Waxman, the presidents of our major universities, and the editors and reporters at The New York Times, The Washington Post, The Los Angeles Times, Newsweek, Time, The New Yorker, CBS, ABC, NBC, CNN, WNBC, and the like –  not to mention the scientific establishment in the United States – were as one in telling us that global warming was a profound threat to our well-being and that of the rest of mankind. And John McCain, Lindsey Graham, and sadly, in the end, a hapless George W. Bush were willing to lend the hysterics a measure of aid and comfort.

In the United States Senate, the indomitable James M. Inhofe of Oklahoma was very nearly alone in standing up to denounce the whole enterprise as a hoax, and in turn he was himself denounced by all right-thinking people as a scoundrel and a fool. There were, of course, scientists proficient in meteorology who entertained grave doubts, and some of them made a great fuss, but they were soon denied federal funding for further research, and young entrants into the profession quickly learned that if they wished to have successful careers it was incumbent on them to join the chorus who denounced global-warming skeptics as lackeys of the fossil fuels industry. The global-warming cabal was to the liberal democracies of our time what  Trofim Denisovich Lysenko and his disciples were to biology in the Soviet Union of Josef Stalin.

When he became President, Barack Obama pledged to “roll back the specter of a warming planet” and “restore science to its rightful place,” implying – graceless as always – that the administration of George W. Bush had suppressed inconvenient scientific truths in the interests of ideology. In fact, Obama seems not to have understood what he was saying, for a specter is “an apparition inspiring dread,” and it is one of the principal functions of science to dispel illusions of this very sort; and, instead of debunking “the specter of a warming planet” and restoring “science to its rightful place” thereby, he embraced that specter and sought by way of inspiring dread in the American people to railroad his compatriots into subjecting the entire economy to the supervision of the administrative state.

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Yesterday, Washington Post columnist and former Bush II speechwriter Michael Gerson played a long slow violin solo over the death of the mainstream media. There’s nothing new in his piece. Dazed with panic as the circle of financial ruin closes in, we’ve heard this song many times before from our ink-stained dinosaurs. And true to form, Gerson can’t break the mold. It’s all there, the rose-colored glasses, denial, and a heaping helping of rationalization.

Once again, from that familiar MSM perch where one can look down their nose at the great unwashed who just don’t understand the magnificent tradition of journalism they’re about to lose, Gerson blames We the People for no longer wanting  to pay for our news and choosing partisan sources “that reinforce and exaggerate … political predispositions.”

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Whenever reading Politico, everything should be washed through this filter. You must always keep in the front of your mind that this supposed “news” organization took the time to dig up and publicize dirt on a private citizen whose only sin was asking a perfectly reasonable question of a public figure. Politico’s warning to the everyday American was clear: get in the way of our guy and we will summon all our resources to publicly humiliate you. This all goes to prove that Politico is nothing more than a digital version of the Dinosaur Media — and just as clueless and dishonest as their unholy brethren, especially when it comes to explaining why their counterparts are drowning in the tar pits of obsolescence.

To hear Politico tell it, CNN’s stuck in humiliating fourth place behind FOX, MSNBC and their own Headline News because they’ve made the mistake of not appealing to the great unwashed who prefer partisan bickering and echo chambers:

With the proliferation of media across platforms these days, there’s less shared knowledge among people, who are increasingly heading to niche outlets for information. At the same time, there’s a large appetite for the new media world where the MSM gatekeepers no longer hold as much clout, and “he said, she said” journalism gives way to strong point of view. …

There’s no doubt that the over-the-top, and politically partisan, hosts are having more success attracting viewers on nights when there’s no major news event. (more…)

1.  Fox News is not really a legitimate news source because it has a ‘point of view’ and

2.  We encourage all legitimate news networks to stop treating them as if they are legitimate.

Everything you needed to know about the unorthodox roll out of the now-notorious ACORN sting videos was hidden in plain sight in my Sept. 7 column, “Katie Couric, Look in the Mirror.” ACORN was not the only target of those videos; so were Katie, Brian, Charlie and every other mainstream media pooh-bah.

They were not going to report this blockbuster unless they were forced to. And they were. What’s more, it ain’t over yet. Not every hint I dropped in that piece about what was to come has played itself out yet.Stay tuned.

When filmmaker and provocateur James O’Keefe came to my office to show me the video of him and his friend, Hannah Giles, going to the Baltimore offices of ACORN – the nation’s foremost “community organizers” – dressed as a pimp and a prostitute and asking for – and getting – help for various illegal activities, he sought my advice. In the past, Mr. O’Keefe created brilliant social satire that rocked his college campus and even made its way on to the talk-radio and cable-news shows, but the magnitude of his latest adventure had the potential to rock the political establishment.

I was awed by Mr. O’Keefe’s guts and amazed by the footage, but explained that the mainstream media would try to kill this important and illuminating expose about a corrupt and criminal political racket, and that the well-funded political left would go into “war room” mode, with 25-year-old Mr. O’Keefe and 20-year-old cohort Miss Giles in the cross hairs. I felt I had a moral obligation to protect these young muckrakers from the left and from the media, and to devise a strategy that would force the media’s hand. (more…)

From FoxNews.com:

This story has everything you could ever want – corruption, sleazy actions at tax-funded organizations, firings, government ties, sex, hookers. It is a network news director’s dream. Imagine the ratings. But almost no one is covering it.

Bruce Springsteen once wrote: “From Small Things (Big Things One Day Come).” I doubt he expected that story of love gone wrong would become ideal political commentary for the group known as ACORN.

The small scandal showing an embarrassing video of Baltimore ACORN staffers looking like they were giving tax advice on how to set up a brothel, is now national news. — This story has everything you could ever want – corruption, sleazy actions at tax-funded organizations, firings, government ties, sex, hookers. It is a network news director’s dream. Imagine the ratings!

Only almost no one is covering it.

This is the news media in the era of Van Jones and President Obama. The major outlets cover what they want and create the themes they want. When they find something inconvenient, they let it pass. They didn’t like the Van Jones story, so they ignored it. The network news media liked the financial entity known as Fannie Mae, so they ignored that scandalous organization for years. ACORN is getting the same treatment. (more…)