Darrell Issa is really not happy about a New York Times spread about how business interests have affected his job on the House Oversight Committee.
Most wealthy members of Congress push their financial activities to the side, with many even placing them in blind trusts to avoid appearances of conflicts of interest. But Mr. Issa (pronounced EYE-suh), one of Washington’s richest lawmakers, may be alone in the hands-on role he has played in overseeing a remarkable array of outside business interests since his election in 2000.
Even as he has built a reputation as a forceful Congressional advocate for business, Mr. Issa has bought up office buildings, split a holding company into separate multimillion-dollar businesses, started an insurance company, traded hundreds of millions of dollars in securities, invested in overseas funds, retained an interest in his auto-alarm company and built up a family foundation.
As his private wealth and public power have grown, so too has the overlap between his private and business lives, with at least some of the congressman’s government actions helping to make a rich man even richer and raising the potential for conflicts.
First of all, the NYT should credit Lee Fang and Think Progress for the work that they’ve done on this. Second, Issa has no real reason to complain about what he has called a hit piece. His spokesman calls it “riddled with factual errors and careless assertions,” but they haven’t put much meat on the bones of those accusations. It’s a plain fact that Issa owns over two dozen properties within two miles of federal infrastructure projects he earmarked himself. So as the infrastructure around the properties improves, the properties gain in value (hey, at least it shows that Issa understands the value of infrastructure!). There’s nothing that complex about this. He has financial interests in which he has not divested himself, and those come into conflict with his stated policy preferences. Maybe he’d have those policy preferences anyway, maybe not. But the conflict of interest is pretty clear. He’s the richest guy in Congress, and he’s still in control of his business while pushing policies that help it.
Methinks Issa doth protest too much.




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Government for fun and profit. Serving the Public? Not so much.
I saw the Times piece; didn’t read it all; I admit it just confirms my opinion of Issa.
but, I thought they were required to put their business interests into a blind trust. Has that changed, or was it never true?
Didn’t realize he was the richest guy in congress…that’s saying quite a bit considering how many of them are rich these days.
Oh, and interesting that you say he at least shows he understands the value of infrastructure – has he got a voting record on infrastructure? Outside of that affectng his own properties, I mean. Being a Repub, I’d expect to see him vote against improving infrastructure projects.
Just what will the government do about it?
Yup. Ethics are for the little people. I only skimmed the article and I landed on the key graphs David cites. Not pulling any punches there. I don’t expect this will improve his popularity among his “more” scrupulous colleagues in congress. I wish I thought it would go *anywhere.*
The government will ask Issa if there is anymore it can do for him.
It is pursuing austerity measures for us and further tax cuts for Issa and his friends. They seek to lower the highest income tax bracket from 35 percent to 20 percent.
Obama and the Democrats have bought into three great myths that Issa loves.
Tax Cuts always create jobs and always stimulate the economy.
Only the Private Sector can create jobs. Government cannot create jobs.
The stock market is sacred.
Go, David!
Keep exposing them. They dirty rotten crooks!
Eric Cantor should also be on everyone’s radar.
In the past I have been opposed to term limits but I am beginning to re-think that. These people get into office and figure they are set for life. They make millions while dragging the country into the drain. Have to do some more thinking.
Exactly! I wish those critters would understand who they work for and pay more attention. I’m guessing they will only learn by having a few real life lessons. I am so freaking mad at how things are running in DC that if I had the money I’d take all the FDLers to Capital Hill with me and we could run the country while they are all off on vacation!
Hi, Twain.
I’m all ready for the term limits. In fact, I think that all of them have overstayed their terms.
Hey, there. I have always hated the idea of throwing some good people out but there aren’t many of those left. If a critter had just a six or eight year term, I guess they would just make their money faster. It’s a real problem.
Issa the richest member of Congress?
I thought that spot was reserved for our John Kerry?
The gig should have been up a long time ago on the lie that tax cuts create jobs. If only the Ds would call the Rs on this.
“Show me the jobs.”
True. The lobby industry is something that must go. Representatives should not have to be cornered by them, nor should their votes be swayed. The problems are many and the money that flows is removing any true representation out. Our votes are stolen and the only thing left that requires the government to participate with us is our Social Security. That is the main reason they are attacking it and trying to get rid of it.
Oh, what the hell, let them fight it out. We’ll watch.
Isn’t being a Congress critter AND a House Committee Chair a full time job or two … let alone communting from one end of the country to the other?
Does Issa run his side businesses out of his Capitol Hill office when he is in DC? Is THAT allowed?
They will do whatever they want for as long as they can get away with it – just like common criminals. So it’s our job to make sure they don’t go unnoticed when they do illegal things.
Guess Issa’s just trying to prove the Supreme Court right, that a person and a corporation is one and the same. He is his business entities, and his business entities are him. He probably thinks he should get as many votes as a Congressman as he has businesses. He certainly throws his weight around as if counts more than any other Representative.
Methinks Issa is a crook and a jerk.
Thanks, David!
again.
Absolooterly!
I hope that Americans can see that all those thoughts we used to have about third world countries and their rich, corrupt leaders is the same thing we have now.
This is reminding me more and more of the latter days of the Roman senate in the most corrupt times, long after the republic was long gone already. Our republic is also long gone, remembered only on the 4th of July.
I raised my flag to half staff before the 4th. It’s still there, waving in mourning.
Eh? I live in San Diego county (and sadly just moved to CROOK Issa’s district), and all this is a well-known fact here. Frankly, Issa’s voting constituents all LOVE the fact that Issa is ripping them off for Issa’s personal profit and gain. They think bc Issa gets fed tax dollars to improve the infrastructure around his business concerns that it’s somehow making THEIR life better. It’s not, but why distract ourselves with FACTS when fictional fairy tales make us feel better?
Issa was against the stimulus but had his grubby greedy mitts out STAT to grab some of those tax dollars to benefit himself.
But let’s look out for our conservative troll friends, who’ll swing by soon to adjure us that Daryll Issa just got rich because Issa is such an honest businessman who citizens wish to PAY for his fabulous goods and services.
I wondered how long it would take for Issa for rant and tirade about this front page of the NYT story.
Quite honestly, I didn’t see anything in it that made it a “hit piece.” It was, for the NYT, pretty factual. Everyone who’s in Issa’s district KNOWS it, as well, albeit the rightwing hate radio jocks in SoCal are on notice to rant and rave about the so-called “liberal media.”
I am sorry but Lee Fang is a liar and fraud.We can achieve a true revolution without idiots like Fang.
How can a person find the facts to make a list of the funds that congress critters have sucked up for their districts? Maybe I can format a list a la Hugh for these fancy dancey crooks.
S.F.A.
I don’t think it’s strictly “legal,” but why should known CROOK Daryll Issa let some stupid laws stand in his way. Laws are for the small people, not for MOTU, like Issa.
The NYT article said something to the effect that Issa has an “office” somewhere near capital hill in Wash DC, and that his wife runs the office (or words to that effect). Albeit the article makes it very very clear that Issa is running his business empire and is very very hands-on, which I’ve also heard elsewhere.
Again, though, his rightwing North San Diego County voting constituents will *defend* Issa to the bitter end and say that the NYT is just a terrible terrible LIEbrul newspaper out to ruin the life of poor pathetic Oligarch Issa. These are same voters who literally burst into tears when Randy “Duke” Cunningham was sentenced to jail time for his criminal dealings and taking payola.
Is there *anything* that rightwingers won’t countenance from so-called “Republican” thieves in the name of IOKIYAR???? I am certainly not aware of it, if so.
Sunlight Foundation has some info.
That would be helpful, if you have the time and energy to do so.
Gee, someone ought to file a complaint with the House Oversight Committee, and ask them to investigate (SNARK).
I agree re: Term limits. The general concern ver throwing out the good legislaturds with the bad ones IS probably unfounded.
I think that is a good idea.
..
Who is “snark”????
..
..
OH…………..I get it. Talk abaout having the fox guard the henhouse.
In the article: His spokesman calls it “riddled with factual errors and careless assertions,” but they haven’t put much meat on the bones of those accusations.
—————
Is that a non-denial denial????????
Limited hangout??????
I recall 60 Minutes (years ago now probably) talking to a watchdog office in Washington that tried to track all the earmarks in the bills and it was almost impossible, there are so many. But, yes, that would be very useful – delightfully so. Kelly C. is the wizard with the data – he might have some ideas how this could be done by crunching something that is publicly available. Perhaps a way to do it would be to hoover up something from the funds authorizations by congress, identify geographical location, and then link to the congressional district. Feel free to use what I have written here any way you like! Hugs!
Yikes.
I just realized that I left something out. What Nixon actually said was “a limited, modified hangout.” :)
I wonder if this article is a straw and the wind. Combined with today’s NYT editorial and Warren Buffett’s Op Ed, it looks like their may have been a strategic decision on the part of the Times editorial board to do some muckraking as a way of drumming up sales. It makes a certain amount of sense, and at this point isn’t particularly risky, since the the fact that we live in a new and better Gilded Age is now out of the bag. The Times isn’t going to lose any advertisers over this, and they aren’t going to lose readers that they weren’t losing anyway. I see this as a straight business decision, not an ideological change of heart.
It’s only about readership as the New York Times operationally doesn’t want to lose access to and influence with “hearts and minds.” Given all the times the New York Times was the dog that didn’t bark plus the unforgettable cloak and dagger stuff in which they had to be involved on the behest of “man-safe” Cheneyus Dickus as performed by Judy Judy (punch up the FDL archives on the I. Libby trial), it’s impossible in my eyes for the New York Times to “out, damn spot.” I am also not going to buy iton their attempts to rehabilitate the image of Warren “AIG Back-door Bailout” Buffett.
LOLz! We live in simpler times … or more complex times … or *something.*
The gig should have been up a long time ago on the lie that tax cuts create jobs. If only the Ds would call the Rs on this.
If only the Ds would call the Rs on *anything*.
And the beat goes on…
Was not Issa involved in some kind of insurance fraud at one time. Something about a Mercedes reported stolen but was not really missing.