The Man with the Magnifying Glass
Darrell Issa, poised to be chairman of the Oversight and Government Reform Committee, has called Obama "one of the most corrupt Presidents in modern times." Issa plans to investigate more than $800 billion of stimulus spending and hiring practices at the Defense Dept., which he claims has illegally recruited private contractors into government service. Issa, the son of a Lebanese immigrant and who made a fortune in the car alarm business, has been, ahem, sounding the alarm over what he calls the Federal Reserve's backdoor bailouts to American International Group creditors during the financial crisis. He says he plans to increase oversight of the central bank, because it controls "trillions of dollars of guarantees" unsupervised by Congress. Other possible targets include Fannie Mae and Freddie Mac and climate-change scientists.
Issa is a tenacious investigator who will keep the White House and the Fed on the defensive.