Ken Blue Ministries

August 15, 2012 4:00 A.M.

 

 

 

 

 

His career in public service has ended up being remarkably lucrative.

By Betsy Woodruff

Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.

In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.

When his 2010 challenger Sharron Angle asked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shares on August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed.

Here’s another example: The Los Angeles Times reported in November 2006 that when Reid became Senate majority leader he committed to making earmark reform a priority, saying he’d work to keep congressmen from using federal dollars for pet projects in their districts. It was a good idea but an odd one for the senator to espouse. He had managed to get $18 million set aside to build a bridge across the Colorado River between Laughlin, Nev., and Bullhead City, Ariz., a project that wasn’t a priority for either state’s transportation agency. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision, according to one of his aides. The property’s value has varied since then. On his financial-disclosure forms from 2006, it was valued at $250,000 to $500,000. Open Secrets now lists it as his most valuable asset, worth $1 million to $5 million as of 2010.

How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.

We don’t know how much more money Reid has or how he made all of it. For that, we’d have to see his tax returns.

— Betsy Woodruff is a William F. Buckley Fellow at the National Review Institut.  http://www.nationalreview.com/articles/314025/how-did-harry-reid-get-rich-betsy-woodruff

WND EXCLUSIVE

 

 

 

 

 

 

Opponents of Egypt’s Muslim president executed ‘naked on trees’.

By Michael CarlEmail  Michael Carl is a veteran journalist with overseas military experience and experience as a political consultant. 

The Arab Spring takeover of Egypt by the Muslim Brotherhood has run amok, with reports from several different media agencies that the radical Muslims have begun crucifying opponents of newly installed President Mohammed Morsi.

Middle East media confirm that during a recent rampage, Muslim Brotherhood operatives, “crucified those opposing Egyptian President Muhammad Morsi naked on trees in front of the presidential palace while abusing others.”

Raymond Ibrahim, a fellow with the Middle East Forum and the Investigative Project on Terrorism, said the crucifixions are the product of who the Middle Eastern media call “partisans.”

“Arabic media call them ‘supporters,’ ‘followers,’ and ‘partisans’ of the Muslim Brotherhood,” Ibraham said.

Ibrahim also says the victims can be anyone, including Egyptians and Christians.

“It’s anyone who is resisting the new government,” Ibrahim said. “In this particular case, the people attacked and crucified were secular protesters upset because of Morsi’s hostile campaign against the media, especially of Tawfik Okasha, who was constantly exposing him on his station, until Morsi shut him down.”

Ibrahim said extra brutality is reserved for Christians, but the crucifixions are because of Islamic doctrine, and are required by the Quran. The time and other details about the crucifixions were not readily available.

“Mideast Beast: The Scriptural Case for an Islamic Antichrist” sorts out what this clash of civilizations is all about

Center for Security Policy Senior Fellow Clare Lopez cited chapter and verse from the Quran to explain that crucifixions are not simply normal for Islam; they’re demanded.

“Crucifixion is a hadd punishment, stipulated in the Quran, Sura 5:33, and therefore an obligatory part of Shariah,” Lopez said. “It’s been a traditional punishment within Islam since the beginning, even though it’s not exclusively Islamic. The Romans used it too.

“So, the Egyptian Muslim Brotherhood haven’t the option to not include crucifixion within their legal code. It’s obligatory to comply with Shariah. And yes, it’s for shock value also to be sure,” Lopez said.

Lopez includes a warning for Egypt’s Christians and compares the coming treatment of the Christians to the Jews in Germany.

“The Copts must get out of Egypt as soon as possible – for the many millions who will not be able to get out, I expect things will continue to deteriorate – just as they did for Germany’s and Europe’s Jews from the 1930s onward,” Lopez said.

“The warnings were there long before the ghettos and round-ups and one-way train trips to the concentration camps began in the 1940s,” Lopez said.

If you think this is just an Egyptian problem, you’re wrong. Dead wrong. Read “Muslim Mafia: Inside the Secret Underworld That’s Conspiring to Islamize America”

Author Pamela Geller of Atlas Shrugs, an analyst of the Middle East and Islam, fully agrees and also cites the Quran.

“The Christians are in serious trouble because the Quran in Sura 9:29 commands Muslims to wage war against them and subjugate them, and they’re also identified with the hated West and the U.S.,” Geller said. Geller also turned to Sura 5:33.

 “These are Islamic hardliners who do everything by the Quran. The Quran says, ‘Indeed, the penalty for those who wage war against Allah and His Messenger and strive upon earth [to cause] corruption is none but that they be killed or crucified or that their hands and feet be cut off from opposite sides or that they be exiled from the land,” Geller said.

 

NOTE: This article has been reduced to show the LOVE and TOLERANCE toward those of other faiths. In Islam, there is no room for anyone who disagrees with them. Full article at http://www.wnd.com/2012/08/arab-spring-run-amok-brotherhood-starts-crucifixions/