Obama Number Two With Fannie Mae

by Big Dog on Sep 16, 2008 at 03:15 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).

Big Dog

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This entry was posted on Tuesday, September 16th, 2008 at 03:15 and is filed under Political. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “Obama Number Two With Fannie Mae”

  1. Drew says:
    Tuesday Sep 16th, 2008 at 18:17

    Finally someone gets it. Obama likes to blame everyone else for the problems in Washington. He has been a Senator for 2 years and I don’t recall him identifying a pending economic or mortgage crisis. He is a classic Monday morning quarterback.

  2. Greg says:
    Wednesday Sep 17th, 2008 at 10:03

    Does this talking out of both sides of the mouth suprise anyone?  If it does then you don’t follow the news.

  3. Michelle says:
    Wednesday Sep 17th, 2008 at 17:22

    He has been a Senator for 2 years and I don’t recall him identifying a pending economic or mortgage crisis.

    And McCain has been a Senator for much longer, was also burned by Keating, and claims to have predicted this. But he musht have forgotten his prediction because later he proclaimed that everything was ok; it was just those people who flip houses that got foreclosed on.