Obama Number Two With Fannie Mae
Sep 16, 2008 Political
Barack Obama talks about change. He says that he does not accept PAC money and that he will run the lobbyists out of DC. Intelligent people know this will never happen but it sounds good when you are presenting yourself as a DC outsider. Barry has recently stated that the people who ran Fannie Mae and Fedddie Mac into the ground should not receive bonuses (or any other money for that matter). I agree with that because even though these entities were used in the past by Clinton cronies to get rich there has to be a time when the liberals who ran the ship aground are held accountable.
Barry talks a good game but it is well known that he was real close to a Fannie Mae kind of guy.
Barack Obama’s taking serious heat for his reliance on former Fannie Mae CEO James Johnson to vet potential vice presidential prospects.
Obama has presented himself as an outsider and a Washington change agent and Johnson, whose favorable loan deals with Countrywide Financial Corp. made him a lightning rod, is as inside as they come in the capital.
How much of an outsider can Obama be, really, GOP skeptics ask, if he’s turned to somebody like Johnson for important spadework in finding a running mate? The Swamp
But this is not the half of it. Barack Obama received the second largest amount from the mortgage companies of any member of Congress, second only to Christopher Dodd (the guy with the special rates). Obama received $126,349 of which $6000 was PAC money. The balance came from individuals. By contrast, John McCain received $21,550, all of it from individuals. Keep in mind, this list is from 1989-2008. Obama has only been in office since 2004. [Open Secrets]
So when it comes to not taking PAC money, Obama talks the talk but can’t walk the walk.
Take a look at the list and then see why the people who supposedly run this country worked for those organizations and not for you.
Now, who gets to pay for the mess? (Here is a clue, it won’t be the bottom 40% of wage earners because they don’t pay taxes).
Tags: fannie mae, freddie mac, Obama, pac money
PAC Man Obama and the DNC
Jun 8, 2008 Political
Anyone who has been following the Democratic Primary knows that Barack Obama claims that he does not accept money from lobbyists and special interests. This is, of course, a fabrication or a stretching of the truth (rather Clintonesque) because he does in fact take their money though not necessarily directly. When Obama became the presumptive nominee he directed Howard Dean to stop taking special interest money in order for the DNC to be aligned with Obama’s so called beliefs.
I received an email from Howard Dean telling me of the major policy change:
As we move toward the general election, the Democratic Party has to be the Party of ordinary Americans, not Washington lobbyists and special interests. So, as of this morning, if you’re a federal lobbyist, or if you control political action committee donations, we won’t be accepting your contribution.
This is an unprecedented move for a political party to make — one that has sent shockwaves through Washington and has turned the debate on clean campaigns upside down. We’ve unilaterally agreed to shut lobbyists out of the process, and are we’re relying on people just like you.
Just imagine what hundreds of thousands of Americans donating $20, $30, or $50 at a time can accomplish together. Imagine the signal that it sends to anyone who looks at John McCain’s political machine and the special interest money it needs to fuel every move it makes. [DNC Email]
First of all the only shock waves this is sending is to people who do not believe for one moment that this is true. They intend to continue taking special interest money but they will do so in a more clandestine manner just as the Obamessiah does:
Obama’s ban on lobbyists money is not ironclad. He does accept money from lobbyists who do not do business with the federal government and he also accepts money from spouses and family members of lobbyists. He has had unpaid advisers with federal lobbying clients, and some campaign officials also previously had lobbying jobs. Yahoo News
The DNC email indicates that this is a new direction and that it is important for them to be the party of ordinary Americans. They are basically telling people that for years they have not been the party of ordinary Americans but they are now simply because they stopped **wink, wink** taking special interest money. Obama is using his pretend ban on such money to advance a cause that he is a DC outsider and the DNC is now trying to capitalize on this by saying they are the good ones but the evil Republicans will still have their bad lobbyist money to make attacks on the Obamessiah. The plea from the Obama camp came out nearly immediately but it neglected to tell the whole truth. Todd Warner Huston, blogging at Stop the ACLU, responded to the following from the DNC:
“We need to respond quickly and show that we are ready to take on Senator McCain in the general election,” Plouffe wrote. “We are going to compete in the general election the same way we have all along_by depending on a movement of more than 1.5 million people giving only what they can afford.”
With this: (Click for response)
I have never believed this prattle about PAC money, lobbyist money and any of the rest of the ‘Obama is better because [fill in the blank].’ When it comes to politics Barack Hussein Obama is as dirty and smarmy as the rest of them. He aligned himself with people like Wright, Rezko, and Pfleger in Chicago in order to develop Chicago political creds. Obama is a dirty Chicago politician (which is redundant) and he will do anything to win. Barack Hussein Obama knows how to play dirty politics and has demonstrated that in his campaigns within the state of Illinois with some of the things he did to get rid of others who were running against him. Is there any wonder as to why Obama put a hold on an FEC nominee? Without a quorum they cannot investigate election fraud and a nominee with a hold cannot be approved. The hold has been lifted (after someone discovered Obama did it) but the Senate seems to be doing Obama’s bidding by not confirming FEC members prior to the November election. Keep this in mind should Democrats start whining like children about voter fraud. If they cannot get it investigated it will be their own faults (I imagine they don’t care because they expect to win big time but Hillary had the same attitude and look what happened to her)
One only needs to realize that Barack Hussein Obama beat Hillary Rodham Clinton and the Clinton machine. No rookie could ever accomplish such a task. No outsider could have beaten them at their own game. No, this took someone with political savvy, the kind that is developed in the dirty, unethical, and corrupt Chicago political system. Barack Obama learned well and he is putting it to use. To top it off, he is so good when giving a speech he is able to suck people in without any substance. They believe him when he says he does not take special interest money and they believe him and the DNC when they swear McCain will have big special interest money backing him (so please give now to fight them off!!!).
Obama is the darling of organized labor. The teacher’s unions will flock to him because he is a Democrat and he makes the usual promises about giving away money to teachers and improving education (something that no one has done yet and an attitude responsible for the failure of the educational system). Obama will get tons of money from the unions and he will get tons of money from other special interest groups.
He and his minions will claim that this is OK because these are the right kinds of groups that government needs to be involved with and not the rich entities that flock to Republicans (see previous list). They will say it is for the children and that labor unions represent the working stiffs in this country (another lie) and that taking their money is necessary to help them. Obama will continue to take special interest money, hand over fist, up until election day. He will get away with taking it and denying it because those who follow him are not bright enough to get past the rhetoric and empty promises.
No matter what they want to say the DNC and Barack Obama take special interest money and they take lots of it. Obama has gotten quite a bit more than Republicans from some of the bogey man companies that are usually bashed as Republican friendly (like pharmaceuticals). He will continue to get a lot of money and smile while he is taking it.
I would like to know how much of his money comes from overseas and other illegal donors…
UPDATE: Dumb Looks Still Free has a great post with Obama’s early contributions, some from PACs and oil companies. When did he become a “new” politician?
Tags: dnc, fabrications, lies, lobbyists, Obama, pac money, special interests