Bad Day at Barack Rock?

Wizbangblog ^ | 9/15/08 | Jay Tea

[NoobRep]

Bad Day At Barack Rock Posted by Jay Tea Published: September 15, 2008 - 5:00 AM

I get the feeling that today is not going to be a happy one at Club Obama.

First up, some evil folks managed to dig up video of him discussing how his experiences working alongside unrepentant former terrorist William Ayers qualify him for higher office (thanks, Lorie!). In recent times, he's tried to downplay and minimize his role in the Chicago Annenberg Challenge program (he only headed it up while it threw over $100 million down the toilet in a failed attempt to improve Chicago's schools), but back in 2000, he was quite proud of his work there.

Next, we have even more bad news in the financial industry. Two big investment firms are in huge trouble, and the aftershocks of that could echo for years. It's all tied in to the subprime mortgage mess, they say, and the collapse of Fannie Mae and Freddie Mac.

You're going to hear all sorts of vague imprecations of blame heaped on President Bush, and they'll try to slop that over on to John McCain. But how accurate is that, really?

Well, back in July John McCain was warning about problems at Fannie and Freddie, and leaning on the Bush administration for briefings on the situation.

So, what about the Obama camp? Were they caught by surprise by events?

One wouldn't think so. After all, two of his top economic advisers have some pretty darned good connections with those two.

Franklin Raines worked at Fannie Mae for years, rising to vice-chairman until Bill Clinton tapped him to head up the Office of Management and Budget. Raines returned to head Fannie Mae in 1999, staying until he "retired" in 2004 amid allegations of accounting irregularities and the revelation that he had received a sweetheart mortgage deal from Countrywide.

Jim Johnson preceded Raines at Fannie Mae, where he had run the company as chairman from 1991 to 1998. Johnson served on Barack Obama's vice-presidential search committee until it was revealed that he, too, had gotten sweetheart loans from Countrywide.

[NoobRep]

I didn't realize Obama had a couple of crooks like Raines and Johnson as advisors.

[txzman]

Let’s see this in the press today. At very least should be another web commercial.

[roaddog727]

Gee, Barry....

Can you say “Culture of Corruption”........?

I knew you could..

[Pan_Yan]

I didn't realize Obama had has a couple of hundreds of crooks like Raines and Johnson as advisors.

[LRS]

A bit of a tangent from the meat of the article, but I got a kick out of the title itself. It is a play off of the movie “Bad Day at Black Rock”, where Spencer Tracey plays a one armed war hero, who cleans up a town of baddies (played by such great actors as Lee Marvin, Ernest Borgnine, and Robert Ryan), after they push him around. “Uh”bama and OBiden could play those baddie rolls easily, without acting...

[Gatún(CraigIsaMangoTreeLawyer)]

He’s all ears.

[bray]

Wasn’t Obummer one of Fanny Mae’s top 5 political donations?

Pray for W, McCuda and Our Troops

[hampdenkid]

Can somebody please post Lorie’s video of Obama discussing Ayers? Thanks.

[fightinJAG]

Where is the link to the video?

[snippy_about_it]

Here it is at about 30 seconds in. It starts will O'Reilly but at about 35 the old interview starts.

[wbill]

I'd love to see this get out, especially since Obama's latest commercials in NC have been attacking McCain for his ties to lobbyists.

Mr. Pot, a kettle is calling.

[stockpirate]

It just may be that the ship of fools hs finally run a ground.

[Nathan _in_Arkansas]

Book mark for later.....

[hampdenkid]

Thank you. Boy, I wish we could find substantiation that Ayers actually hired Obama or even recommended him for the Annenburg job.