Posted on 06/11/2008 4:01:50 PM PDT by 2ndDivisionVet
Politicians deploy righteous indignation like college students use credit cards—to excess and with abandon. For such seasoned performers, the emotion is easy to muster, and there are few upfront costs. Rail against powerful interests or the mendacity of your opponent on the stump, and the crowd goes nuts.
But there are sometimes hidden costs in the fine print, interest payments not due for months, especially when the outrage is calculated for maximum political effect. And that outrage came back to haunt Barack Obama Wednesday when Jim Johnson, the man running his vice presidential search team, stepped down after the Wall Street Journal reported that he had received preferential deals on mortgages because he was friendly with an executive at Countrywide Financial, which has been tied to the subprime foreclosure crisis. "Jim did not want to distract in any way from the very important task of gathering information about my vice presidential nominee, so he has made a decision to step aside that I accept," Obama said in a statement.
The road that led to Johnson's withdrawal began back in February, when Obama and his Democratic allies started highlighting the many lobbyist ties that bind together the Republican campaign of John McCain. "His top advisers in the campaign are lobbyists," Obama told his traveling press, making no secret of his disdain for politicians who fraternize with influence brokers.
The approach initially paid off handsomely, given that the McCain campaign is, in fact, broadly populated by former lobbyists who have done the bidding of enormous corporations in the U.S. and sometimes in unsavory countries around the world. Current lobbyists also populate the ranks of McCain's unpaid advisory staff.
(Excerpt) Read more at time.com ...
Scherer is a B-teamer at Tard, which gives you an idea of the lack of import they attach to this.
Between hoisting his own petard and throwing people under buses, he is going to get into good shape.
Also, the Time article neglected to mention that Johnson was at the time a Board member of Fannie Mae. That his compensation was errorniously reported as $7,000,000 when it was $21,000,000, and that the books were cooked for 3-5 years to pay these handsome bonuses to the Board! So far, no prosecution, a DOJ insider, Jamie Gorelick (she of 9/11 Chinese Wall fame) also was on the Board and raked in much more than Johnson.
All in the WSJ.
Another Obamanite swiftly knocked off under the bus!
Now tell us Mr. John still-pathetiK-erry, who’s “confused” again and again and again???
Comrade Obama and the friends he keeps is it’s own culture of corruption.
Pass it on if you agree
I like the Banner....
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