No, no, no.
Everyone is making too much of this. I think we should take David Alelrod at his word when he says they are simply acquainted because their kids go to the same schools.
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Why are they hiding the connection? When you start researching you realize that Obama and Ayers go back at least to 1988. I was shocked to find out that Thomas Ayers was into so many liberal groups handing out money in Chicago and you keep coming back to Obama and his son Bill Ayers.