Wed
Sep
17
2008
Obama lies down with Fannie Mae.
Both conventions are over, the bounces have done bounced themselves away, and Obama is still running from his past.
Could things get any worse for the junior senator from Illinois?
The last ugly revelation to come to light concerning Senator Obama is his receiving $126,349 from the GSE (Government Sponsored Enterprise) known as Fannie Mae (Federal National Mortgage Association) and and Freddie Mac (Federal Home Mortgage Corporation).
Only Democrat Senator Chris Dodd has taken more money from Fannie Mae & Freddie Mac than Barack Obama.
More damning than the money is this: Two of Senator Obama’s advisers held high level positions with Fannie Mae.
Big Democrat Jim Johnson, recently on Obama’s VP search committee, has hauled in millions from his Fannie Mae CEO job.
Former Fannie Mae’s chief executive Franklin D. Raines takes calls from Barack Obama’s presidential campaign, the Obama campaign seeks Mr. Rains sage advice on mortgage and housing policy matters.
These facts raise questions.
Will Senator Obama take preemptive action and rid his campaign of these individuals?
Will the media mention that Senator Obama has embraced these former Fannie Mae kingpins and taken advice from them?
On the first count there may be a slight possibility that the Obama organization will take steps to distance their candidate from both Johnson and Rains. Enough plausible deniability will be created to give Senator Obama a way out. The bad apples will be purged, the donations explained away as unfortunate accidents.
On the second count I predict the equivocation will be used by the media to give Senator Obama cover fire from any attack from the McCain campaign. Some loyal muckraker will discover some distant relationship between Fannie Mae and McCain and proclaim mutual guilt.
If you lie down with dogs, you will get up with fleas.
But Barrack Obama already had fleas: Bill Ayers, Reverend Jeremiah Wright, ACORN and the dark presence of Saul Alinsky.
Those who still want to see Senator Obama elected to office seem to not care about these fleas, or find them admirable qualities in a candidate. It is unlikely the latest revelation (that Senator Obama was will to pocket cash from Fanny Mae and Freddie Mac lobbyists) will drive those who are devoted to Senator Obama away.
Some people just don’t care if their candidate is corrupt and hypocritical. Those who care can vote for John McCain. The same John McCain who cosponsored a bill in 2005 to create an oversight board for Fannie May and Freddie Mac because he saw warning signs of trouble. The bill was blocked by democrats who complained that the oversight would prevent lenders from giving out risky loans to those who couldn’t afford them.
Anywho, I’m interested in any perspective you might have so feel free to comment away.
Night all.
I would love to hear what you have to say
Commenting is closed for this article.
My name is John Garrett and I live in the small town of Kaycee, Wyoming. I grew up on my parent’s ranch 18 miles east of town on the Middle Fork of Powder River. 