economy

Steve Lonegan Gets Job Pushing Gold Standard With Anti-Gay Group That Supported His Campaign

The Star-Ledger reported earlier this week that Steve Lonegan, the unsuccessful Republican candidate for Senate in last year’s New Jersey special election, has a new job: leading the anti-gay, anti-choice American Principles Project’s sideline effort to bring back the gold standard.

Lonegan told The Auditor he is now the director of monetary policy for the American Principles Project, a conservative advocacy group. He plans to work to spread the gospel about what he says as the Federal Reserve’s “failed policy” and the need to bring back the gold standard.

“We will be working hard in states like Iowa, New Hampshire and South Carolina to see to it that the (presidential) primary candidates in both parties are forced to talk about this issue,” Lonegan said. “They can’t hide from it.”

The American Principles Project was started in 2009 by Robert George, the intellectual leader of the anti-gay movement, to pressure Republican politicians to embrace both fiscal and social conservative policies. APP currently employs Maggie Gallagher, who founded the National Organization for Marriage along with George and served as NOM’s first president.

In his new job, it seems that Lonegan will unite the main political interests of APP’s chairman Sean Fieler, a little-known hedge fund manager who has become a major donor to the Religious Right and to social conservative causes in New York and New Jersey.

As we noted in a profile of Fieler earlier this year, the gold standard seems to be a pet project of his, so much so that an idea that is widely dismissed among mainstream economists has become a major policy platform of the American Principles Project. The issue was mentioned nowhere in the group’s original mission statement and doesn’t seem to have appeared on the group’s website until Fieler came on board as chairman in 2010.

Fieler and the American Principles Project have a history with Lonegan. Fieler is the major funder of the American Principles Fund , a super PAC affiliated with APP, which last year spent nearly $100,000 running anti-choice ads against Lonegan’s Democratic opponent Cory Booker. Fieler himself has maxed out personal contributions to Lonegan’s recent campaigns, giving his candidate committee $10,400 over the past two years.

Now, Lonegan will bring his unabashed anti-choice and anti-gay politics (remember when he speculated about whether Booker was gay?) to help unite the American Principles Project’s social and economic policy priorities.

The Star-Ledger notes that until this year, APP employed Booker’s current Republican Senate opponent Jeff Bell.

Barton: 'The Free Market Will Take Care of [the] Crooks'

Today's episode of "WallBuilders Live" was dedicated to defending free-market capitalism, as Rick Green and David Barton asserted that there should literally be no government regulation or oversight of any aspect of our economy whatsoever:

Barton: A free market means that it is a market that is free from government regulations. Now, people today don't think that. They say free market [but think] "well, the government does need to regulate to make sure there's no corruption." No, no, no.

Green: But even that phrase "to regulate" means to make regular. It means just keep it ...

Barton: ... standardize it ...

Green: ... yeah, keep there from being tariffs between states and that sort of thing. It doesn't mean micromanage your marketplace.

Barton: And it's amazing how many people who say "I believe in the free market" still want some sort of government oversight. "Well, you got all those crooks on Wall Street" ... hey, the free market will take care of it.

Green: That's exactly right.

Barton: The free market will take care of crooks and they'll be out of business and we also have laws that say, hey you can't steal. And if you steal, you're going to be in jail. Talk to [Bernie] Madoff about that, see how it worked out for him.

Green: It's the areas that we most put regulation in to that then become a problem ...

Barton: ... the most corrupt ...

Green: ... the areas we got to go bail out.

I guess it should be pointed out that Madoff pled guilty [PDF] to "securities fraud, investment adviser fraud, mail fraud, wire fraud, three counts of money laundering, false statements, perjury, false filings with the United States Securities and Exchange Commission, and theft from an employee benefit plan," violations of the very sorts of regulations that Barton and Green believe are totally  unnecessary.

African American Ministers In Action Applauds Obama’s Jobs Plan

PFAW's African American Ministers in Action applaud President Obama's jobs plan and encourage Congress to pass it quickly.

In response to President Obama’s speech to Congress last night laying out his jobs plan, Minister Leslie Watson Malachi, Director of the African American Ministers in Action, issued the following statement.

“Last night, President Obama laid out a common sense plan to help put Americans back to work. Without a doubt, Congress should step up to the plate and pass this legislation without delay.

African American Ministers In Action Applauds Obama Jobs Program

Reverend Timothy McDonald, Chairman of African American Ministers In Action (AAMIA), a program of People For the American Way, today applauded President Obama for proposing a robust investment in American infrastructure that would create thousands of new jobs.

“Americans of all backgrounds are suffering in this recession,” said Reverend McDonald, “and we want our elected representatives to do what they can to help.  The plan that the president proposed today would make a real difference in the lives of thousands, even millions of Americans.”

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