Arlen Specter: Another Corrupt "Professional" Politician?
Spinning Obama's 100 days in office: the media myths continue ...

IRONY: Official who authorized scary "photo op" overfly of Manhattan also served as a Director of failed IndyMac Bank ... (Updated)

Update: (02): 04-29-09 It seems that there might be more to this story ...

"The F-16 had a red tail which signifies it was from the 100th Fighting Squadron, the famous Tuskegee Airmen, reactivated in 2007. Perfect flyover shot for tonight's speech - the 100th FS representing an all Black squadron from WWII. I mean if you just needed any old F-16, there were many closer than Alabama. Pic clearly shows red tail."  <Source> <Photo Source>

There seems to be evidence that this was just more than a routine photo shoot authorized by a rather low-level White House functionary. Why else would they use an F-16 clearly identified with a historic black fighter squadron?

Update: (01): 04-29-09 It seems that Louis Caldera also had trouble holding his position at the University of New Mexico ...

"University of New Mexico President Louis Caldera, who has had several disagreements with the school's regents over the past year, announced Wednesday he will take an immediate leave of absence. Neither Caldera nor the regents - who had called a special meeting Wednesday to discuss the president's contract - detailed what led him to resign. The university released a statement saying that by mutual agreement, Caldera would not seek an extension of his contract as president beyond its July 31, 2007, expiration. Over the past year, Caldera and the regents disagreed on efforts to tighten admission standards and over a program to give bonuses to top administrators - a program the board initially supported."  <Source> Caldera reportedly received $700,000 and a position as a tenured law professor as part of the settlement.

Apparently like Obama, apparently Caldera has parlayed his ethnicity and high-achievements into several imporant positions. But, he is either extremely unlucky or, like Obama, fails upward as a reward for leaving a messy situation behind.  But the most damning item that I could find is his association with La Raza, an openly racist organization whose moto is (For the race, everything; for others, nothing).

During his time in the Clinton administration, Caldera also worked closely with former Energy Secretary Bill Richardson. Caldera also has ties to several Latino organizations, including the National Council of La Raza, where White House Office of Intergovernmental Affairs head Cecilia Munoz worked. <Source> Like Obama, Caldera is believed to have associated himself with the group as a matter of convenience and to enhance his standing in the Latino community.

Original Blog Entry ...

Did the Obama Administration throw Louis Caldera under the bus?

Louis Caldera, identified by the Obama Administration as the Director of the White House Military Office which coordinates military operations for the White House, is responsible for authorizing the flyover which scared the bejesus out of New Yorkers, many of whom looked up and saw a 747 being trailed by fighter jets and though they were about to be involved in another 9/11 terrorist incident.

Caldera, with a history of outstanding educational credentials (West Point BA, Harvard MBA and law degree) and professional accomplishments (Clinton appointee as the Secretary of the Army) was also a Director of IndyMac Bank from 2002 until its government takeover by the FDIC in 2008. He was also associated with the A.H. Belo Corporation as a "Director at Belo's failing newspaper division from 2000 to 2008, a period in which the company's newspaper division saw catastrophic decline and circulation scandals." <Source>

Which raises the question of poor timing or poor judgment. Or simply a loyal troop expected to fall on his sword for the “great one?”

From the announcement of his Indy Mac Board appointment … 

(May 13, 2002)  “The Company also today announced (a) the appointment of Louis Caldera to serve on IndyMac's Board and (b) the appointment of both Louis Caldera and Lydia Kennard to serve on the Board of Directors of IndyMac Bank.”

“Mr. Caldera, 46, is Vice Chancellor for University Advancement of The California State University System, the largest four-year university system in the Country. Prior to joining CSU, Mr. Caldera held two appointed posts in the Clinton administration. He served as Secretary of the Army from 1998 to 2001 and Managing Director and Chief Operating Officer of the Corporation for National and Community Service from 1997 to 1998. Mr. Caldera was elected to three terms in the California State Assembly, representing the 46th District, located in and around downtown Los Angeles, from 1992 to 1997. During his tenure with the California State Assembly, Mr. Caldera chaired various financial committees, including the Banking Committee. Prior to his election to the Assembly, he worked as a deputy county counsel for the County of Los Angeles and as an attorney in private practice, including at the law firm of O'Melveny & Myers.”

“Mr. Caldera currently serves on the board of directors of Belo Corporation and has served on numerous boards and commissions, including the National Commission on the Senior Year in High School, the Panama Canal Commission and the Pacific Counsel on International Policy. He was recently honored with the Department of Defense's Distinguished Civilian Award and the U.S. Hispanic Chamber of Commerce Chairman's Award. He holds a Bachelor of Science degree from the United States Military Academy, an M.B.A. from Harvard Business School and a Juris Doctor from Harvard Law School.” <Source>

Bad judgment or a cover-up?

Some of us in the blogosphere are wondering if the Obama Administration got caught filming footage to be used in a future Obama campaign – which would clearly be an illegal political activity.

The cover-story that the Air Force needed a new photo of Air Force One and the Statue of Liberty to hand out as a thank you to people associated with Air Force One visits to airports seems quite lame. Especially when existing photos could have been used or the plane simply photo-shopped into a photo of the Statue.

Considering the running costs of $60,000/hour for Air Force One plus the costs of the F-16 fighters and other associated costs (reportedly a total of $328,835) , it does not seem to be a cost efficient measure by a White House facing a dire fiscal emergency. The announcement that the “photo op” was only part of a routine training mission also rings hollow; especially when one considers that the FAA threatened people with federal sanctions should the news leak out to the public.

Their excuse that they did not want the low-flying aircraft to be a target also rings somewhat hollow as the aircraft must fly low on landing and take-off and is prepared to deal with such contingencies.

Eventually the truth will emerge. Until then, it is all part and parcel of an Obama Administration which features curious associations and seems to operate on style over substance.

-- steve

Just asking ... Could this be another democrat practice of parking past and future democrat officals in regulated financial institutions?  Especially considering that Henry Cisneros, the disgraced former Secretary of HUD under Clinton, was also on the Board of Directors of Countrywide Funding (Indy Mac was founded by Countrywide) almost up until its forced takeover by Bank of America? 


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