Comments for Obama's Chief of Staff Tied to Freddie Mac Collapse- Recieved $250,000 »
Posted By pc25 1 year, 1 month ago in NewsDuring the campaign, Barack Obama had to fight off assertions that Freddie Mac and Fannie Mae had him in their pocket while the two GSEs committed fraud and declined to their collapse. Obama didn’ t help that perception when he chose Jim Johnson, Fannie Mae’ s former CEO and chair, as the leader of his VP search committee, a position Johnson resigned shortly afterwards. Now ABC reports that Obama’ s new chief of staff, Rahm Emanuel, sat on the board of Freddie Mac during the critical period:
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pc251 year, 1 month ago
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FTA
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ABC reports that Obama’s new chief of staff, Rahm Emanuel, sat on the board of Freddie Mac during the critical period:
President-elect Barack Obama’s newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot “red flags,” according to government reports reviewed by ABCNews.com.
According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.-
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ybdogsct1 year, 1 month ago
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Rahm Emmanuel is NOT Obama's economic advisor and will not be developing economic policy. The role of Chief of Staff is simply to manage the president's schedule and make sure Cabinet members are functioning as a single unit after policy decisions have been decided upon.
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In addition, let's examine McCain's record:
http://andrewspagnoli.newsvine.com/_news/2008/09/2...
"The truth is that contrary to McCain's claims, Obama takes not one penny from Fannie or Freddie Mac. Both McCain and Obama do have small campaign contributions from individual employees as, just as both have gifts from supporters who work for every company out there. Where the campaigns differ is in the big money from top-level executives, and in-house lobbyists who only lobby for Fannie or Freddie Mac. McCain took a staggering $169,000 from the Directors, top executives, and lobbyists who work solely for Fannie and Freddie Mac, while Obama took only $16,000 from this group, less than 9% of McCain's take."
http://www.washingtonmonthly.com/archives/individu...
"The lobbying firm of the man Republicans say John McCain has chosen to begin planning a presidential transition earned more than a quarter of a million dollars this year representing Freddie Mac, one of the companies McCain blames for the nation's financial crisis. Timmons & Co., whose founder and chairman emeritus is William Timmons Sr., was registered to lobby for Freddie Mac from 2000 through this month, when the federal government took over both Freddie Mac and Fannie Mae. Newly available congressional records show Timmons's firm received $260,000 this year before its lobbying activities were barred under terms of the government rescue of the failed mortgage giant. Timmons, 77, is listed as a lobbyist for Freddie Mac on the company's midyear financial-disclosure form."
http://www.nytimes.com/2008/09/22/us/politics/22mc...
"Senator John McCain’s campaign manager, Rick Davis, was paid (nearly $2 million) more than $30,000 a month for 5 years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.
Last week the McCain campaign stepped up a running battle of guilt by association when it began broadcasting commercials trying to link Mr. Obama directly to the government bailout of the mortgage giants this month by charging that he takes advice from Fannie Mae’s former chief executive, Franklin Raines, an assertion both Mr. Raines and the Obama campaign dispute. Incensed by the advertisements, several current and former executives of the companies came forward to discuss the role that Rick Davis, Mr. McCain’s campaign manager and longtime adviser, played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000. Mr. Davis drew Mr. McCain to a 2004 awards banquet that the companies’ Homeownership Alliance held in a Senate office building. The organization printed a photograph of Mr. McCain at the event in its 2004 annual report, bolstering its clout and credibility.
'You can say what you want about free-market distortions, but people like the system because it gets them into houses cheap,' Mr. Davis said to Institutional Investor magazine in 2000."
http://washingtonindependent.com/7169/mccain-advis...
"Last week, though, McCain's trust in Davis was tested again amid disclosures that Freddie Mac, the troubled mortgage giant that was recently placed under federal conservatorship, paid his campaign manager's firm $15,000 a month between 2006 and August 2008. As the mortgage crisis has escalated, almost any association with Freddie Mac or Fannie Mae has become politically toxic. But the payments to Davis's firm, Davis Manafort, are especially problematic because he requested the consulting retainer in 2006—and then did barely any work for the fees.
As to why Davis permitted the Freddie Mac payments to continue, the official referred NEWSWEEK to Davis Manafort, which did not respond to repeated phone calls. One senior McCain adviser said the entire flap could have been avoided if the campaign had resisted attacking Barack Obama for his ties to two former Fannie Mae executives, which prompted the media to take a second look at Davis. 'It was stupid,' the adviser said. 'A serious miscalculation and an amateurish move.'"
http://www.dallasnews.com/sharedcontent/dws/news/w...
"Freddie Mac secretly paid a consulting firm $2 million to kill legislation that would have regulated the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse. Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb., were targeted by the firm DCI of Washington. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.
During DCI's yearlong effort, Mr. Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote. Unknown to the senators, DCI was undermining support for the bill in a campaign aimed at 17 Republican senators in 13 states. In the end, there was not enough Republican support for Mr. Hagel's bill to bring it up for a vote."
http://www.politifact.com/truth-o-meter/article/20...
"The occasion that prompted McCain’s involvement was the release of a 340-page report from the Office of Federal Housing Enterprise Oversight that concluded that Fannie Mae had manipulated earnings and violated basic accounting principles. So, while it’s true that McCain spoke out — after a widely read report drew attention to chicanery at the firms. But the implication in McCain's remarks is that his remarks in 2006 were in some way a warning about the financial markets disaster that struck in 2008. That strikes us as quite a stretch.
First of all, congressional efforts to increase oversight of Fannie Mae and Freddie Mac extend back to the early 1990s, making McCain a latecomer to the debate.
Second in his appearances, McCain tries to connect the accounting scandals with the broader meltdown in the mortgage markets. But the current crisis arose because banks and mortgage companies made risky “subprime” loans to people with poor credit histories that were then packaged into securities and sold to institutional investors. As interest rates rose and home prices began to fall, homeowners unable to refinance the loans or sell their properties began to default, unleashing a cascade effect through financial markets. That phenomenon had nothing to do with Fannie and Freddie’s internal problems; in fact, both firms were praised for cushioning the financial free fall and keeping the market afloat by spending billions of dollars to purchase subprime loans.
Third, even if the 2006 effort to strengthen oversight had succeeded, it’s debatable whether it would have averted the subprime crisis. The extent of the problems was not yet fully known, and it’s a leap of faith to suggest that regulators granted expanded power would have noticed a deterioration in Fannie and Freddie’s loan portfolios soon enough and would have sounded an alarm.
We give McCain some credit for weighing in on problems surrounding Fannie Mae, even though he got involved after a comprehensive government report issued a loud alarm to anyone watching. However, his attempts to depict those efforts as some sort of early warning that could have lessened the current credit crisis just don't wash. All McCain was talking about then was the potential fallout of accounting troubles in Fannie Mae and Freddie Mac. He didn't say anything about a freewheeling climate among creditors that had major financial institutions becoming badly leveraged on bad loans. We rule his claim Barely True."
http://www.alternet.org/workplace/99234/mccain_ena...
"John McCain has been a master of the special-interest giveaways to Wall Street that enabled this meltdown. He voted for abolishing all of the significant rules put in place at the time of the Great Depression designed to prevent a repeat. The two main bills accomplishing that, bills which McCain enthusiastically supported, were the Commodity Futures Modernization Act and the Gramm-Leach-Bliley Act. The Gramm is former Sen. Phil Gramm, who was chair of the Senate Banking Committee when he acted as chief sponsor of both pieces of legislation. The same Gramm that McCain picked to co-chair his presidential campaign.
Gramm proved an embarrassment when he cavalierly insisted there was no real crisis but only the panic of 'whiners,' but even on Monday as his 'Crisis' ad ran, McCain, in person, was still denying that there was one. 'The fundamentals of our economy are strong,' he told NBC's Matt Lauer.
Barack Obama has been way ahead of McCain in grasping the severity of the problem and back in March offered a scorching criticism of the deregulation mania, in particular the Gramm-Leach-Bliley law, which allowed the stockbrokers, insurance companies and banks to merge for the first time since the 1930s, ushering in this era of irresponsibility."
http://www.usnews.com/articles/news/campaign-2008/...
"The flip: McCain, a longtime deregulator, supported a 1999 bill authored by Sen. Phil Gramm that stripped away years of stringent banking regulations. Gramm is a longtime McCain friend and economic adviser. The flop: Amid a $700 billion bailout of financial institutions, McCain is calling for more oversight. The bottom line: With 90 votes in the Senate, the banking bill was bipartisan. Times have changed, but McCain's advocacy of deregulation—including a 1990s push for a moratorium on all new regulation—has been consistent."
http://www.washingtonpost.com/wp-dyn/content/artic...
"A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace that proponents said would result in greater economic growth.
Now, as the Bush administration scrambles to prevent the collapse of the American International Group (AIG), the nation's largest insurance company, and stabilize a tumultuous Wall Street, the Republican presidential nominee is scrambling to recast himself as a champion of regulation to end 'reckless conduct, corruption and unbridled greed' on Wall Street. McCain hopes to tap into anger among voters who are looking for someone to blame for the economic meltdown that threatens their home values, bank accounts and 401(k) plans. But his past support of congressional deregulation efforts and his arguments against 'government interference' in the free market by federal, state and local officials have given Sen. Barack Obama an opening to press the advantage Democrats traditionally have in times of economic trouble.
In 2002, McCain introduced a bill to deregulate the broadband Internet market, warning that 'the potential for government interference with market forces is not limited to federal regulation.' Three years earlier, McCain had joined with other Republicans to push through landmark legislation sponsored by then-Sen. Phil Gramm (Tex.), who is now an economic adviser to his campaign. The Gramm-Leach-Bliley Act aimed to make the country's financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies. That bill allowed AIG to participate in the gold rush of a rapidly expanding global banking and investment market. But the legislation also helped pave the way for companies such as AIG and Lehman Brothers to become behemoths laden with bad loans and investments.
McCain now condemns the executives at those companies for pursuing the ambitions that the Gramm-Leach-Bliley Act made possible, saying that 'in an endless quest for easy money, they dreamed up investment schemes that they themselves don't even understand.'
McCain has usually reverted to the role of an unabashed deregulator. In 2007, he told a group of bloggers on a conference call that he regretted his vote on the Sarbanes-Oxley bill, which has been castigated by many executives as too heavy-handed. In the 1990s, he backed an unsuccessful effort to create a moratorium on all new government regulation. And in 1996, he was one of only five senators to oppose a comprehensive telecommunications act, saying it did not go far enough in deregulating the industry.
'I'm always for less regulation,' McCain told the Wall Street Journal in March. He added: 'I'd like to see a lot of the unnecessary government regulations eliminated.'"-
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ybdogsct1 year, 1 month ago
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I'm applying the same standard to ALL candidates. The fact that you are unable or unwilling to do the same betrays your double-standards.
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Spare me your partisan hypocrisy. No wonder the American public booted your ilk from office.
Good riddance!
Pathetic.
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libsRfunnyComment removed: Hard Banned1 Reply
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tschrnywolf1 year, 1 month ago
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WHY ARE YOU RE-INVENTING THE WHEEL? PRESIDENT ELECT OBAMA ALREADY DEALT WITH THAT. HE VOWED NOT TO DO IT AGAIN.
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ANYHOW IT IS OKAY W/ME BECAUSE FRANKLY, THE DOUBLE STANDARD OF THE RULING SYSTEM MADE IT ALMOST IMPOSSIBLE FOR ANOTHER GROUP TO EVER ELECT THEIR OWN CANDIDATES. :( SO IT ANY MINORITY HAD TO CUT SOME CORNERS, THAT WAS LOGICAL AND REALISTIC.
I AM CAUCASIAN, STILL I SEE ANGLO-ITALIANS AND OTHER AMERICANS DESCENDANTS OF EUROPEANS HAD GRABBED ALL POWER THROUGH THEIR CORRUPT POLITICAL MACHINES. THAT IS HOW WE ENDED WITH A VICEPRESIDENTIAL CANDIDATE THAT NOT EVEN THIRD WORLD DICTATORS WERE MORE RIDICULOUS THAN. I DO NOT REFER TO BIDEN.
BUT A CORRUPT, INEXPERIENCED LADY WHOSE FORMER CAMPAIGNERS BLAMED? THEN SHE BLAMED THEM BACK? IMAGINE IF MCCAIN HAD WON? INSTEAD OF TACKLING OUR URGENT ECONOMIC AND UNEMPLOYMENT CRISIS, MCCAIN WOULD NOW HAVE TO DEAL WITH THE FIGHT BETWEEN PALIN AND HER FORMER CAMPAIGNERS!
IT WILL TAKE THE LAST MONTH OF BUSH'S ADMINISTRATION TO ACTUALLY START FIXING HIS MISTAKES.
AS THE SINGER, TOM JONES SANG:
"TO BE WILLING TO WALK INTO HELL
FOR A HEAVENLY CAUSE"
250,000 IS MINIMAL COMPARED TO 700,000,000,0000 BILLION DOLLARS.
SO DO NOT TRY TO HIDE THE RICH BANKERS FROM THE CURRENT FACT THEY
DID NOT USE THE BILLIONS AS THE LAW PRESCRIBED.!
YOU, PROPELLER SHOULD GO AFTER THE BARON ROBBERS, NOT FOR SOMEONE OBAMA NO LONGER IS. HAVE SOME DECENCY, WILL YA? -
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hyperbola1 year, 1 month ago
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Well pc25, so now you are suddenly against zionist traitors to America? This has more to do with zionist corruption and treason than anything else.
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Obama, Emanuel and Israel
In the first major appointment of his administration, President-elect Barack Obama has named as his chief of staff Congressman Rahm Emanuel, an Israeli citizen and Israeli army veteran whose father, according to the Israeli newspaper Haaretz, was a member of Menachem Begin's Irgun forces during the Nakba and named his son after "a Lehi combatant who was killed" -- i.e., a member of Yitzhak Shamir's terrorist Stern Gang, responsible for, in addition to other atrocities against Palestinians, the more famous bombing of the King David Hotel and assassination of the UN peace envoy Count Folke Bernadotte.
...Obama repeatedly pledged unconditional allegiance to Israel during his campaign, most memorably in an address to the AIPAC national convention which Israeli peace activist Uri Avnery characterized as "a speech that broke all records for obsequiousness and fawning", and America's electing a black president has always been more easily imagined than any American president's declaring his country's independence from Israeli domination.
...The profound loathing and hatred of the Muslim world toward the United States, which has always had its roots for America's unconditional support for the injustices inflicted and still being inflicted on the Palestinians, can fairly be considered the core of the primary foreign policy and "national security" problems confronting the United States in recent years. Why would Obama, a man of unquested brilliance, have chosen to send such a contemptuous message to the Muslim world with his first major appointment? Why would he wish to disabuse the Muslim world of its hopes (however modest) and slap it across the face at the ealiest opportunity?-
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hyperbola1 year, 1 month ago
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A further contemptuous message is widely rumored to be forthcoming -- the naming as "Special Envoy for Middle East Peace" of Dennis Ross, the notorious Israel-Firster who, throughout the 12 years of the Bush the First and Clinton administrations, ensured that American policy toward the Palestinians did not deviate one millimeter from Israeli policy and that no progress toward peace could be made and who has since headed the AIPAC spin-off "think tank", the Washington Institute for Near East Policy...
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... it may well be salutary not to waste eight more days (let alone eight more years) playing along and playing the fool while more Palestinian lands are confiscated and more Jewish colonies and Jews-only bypass roads are built on them, clinging to the delusion that the charming Mr. Obama, admirable though he may be in so many other respects, will eventually (if only in a second term, when he no longer has to worry about reelection) see the light and do the right thing. It is long overdue for the Palestinians themselves to seize the initiative, to reset the agenda and to declare a new "only game in town".
http://www.propeller.com/story/2008/11/07/obama-em...-
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pc251 year, 1 month ago
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first of all we are not talking about john mccain........we are talking about a supposed reformer.....his appointments speak of everything but REFORM AND CHANGE.......he is populating his cabinet and transitions tean with the same old tired, worn, recycled, regurgitated, Washington hack insider retreads that he railed about in this election.....you people don't get and you never will........change you can believe in.......dont make me laugh........spin as you might Emanuel's record speaks for itself......
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courtesy of rosecityfriend
FTA -- "For an incoming administration that ran on cleaning up the greed on Wall Street, the selection of Emanuel speaks a lot louder than any campaign promises. One might think that anyone who sat on the boards of Fannie Mae and Freddie Mac while the two GSEs cooked the books and set the stage for global financial collapse should at least be considered political poison for any appointment, let alone one as significant as White House Chief of Staff — if nothing else, then at least on the basis of competence. Instead, it looks like Obama is bringing the Chicago Way to Pennsylvania Avenue.
Hope and change, indeed."
I said all along that actions speak louder than words. Obama's initial actions are not very promising. Btw, anyone notice any WOMEN he's considering for top positions?
to me the chief of staff is the second most powerful person in a Presidential administration
duties of a chief of staff
In general, a chief of staff provides a buffer between a chief executive (a CEO of a corporation or even the President of the US) and that executive's direct-reporting team. The chief of staff generally works behind the scenes to solve problems, mediate disputes, and deal with issues before they bubble up to the Chief Executive. Lots of politics, egos, and issues to deal with. Often times Chiefs of Staff act as a confidante and advisor to the Chief Executive, acting as a sounding board for ideas. Ultimately the actual duties depend on the actual position and the people involved.
this man could set policy and tone, decide what gets bucked up to the Ptesident or not......and the President could be completely unawares until anything that is going on.................everyone's long winded and obfuscating comments about John McCain certainly do not apply here...they serve as a tool to divert attention attention from the real issue and that issue is the appointment of Emamuel, his poor track record, and his first hand involvement in covering up the Fannie Mac Freddie Mac scandal, and sub prime mortgage fiasco that has now lead to the world wide economic crisis. Lets lay the blame to that where it belongs and it belongs solely at the feet of Dodd, Raines, Emanuel, Frank, and Obama.......
and one last thing...........did you all forget about Obama taking $140,000 in campaign contributions from the 2 GSE's.
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pc251 year, 1 month ago
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http://sweetness-light.com/archive/emanuel-got-250...
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Emanuel, who was a senior adviser for former President Bill Clinton throughout the 1990s, was appointed to the board of Freddie Mac upon his departure from the Clinton administration.
“Clinton’s going-away gift to Emanuel was a seat on the quasi-governmental Freddie Mac board, which paid him $231,655 in director’s fees in 2001 and $31,060 in 2000,” Lynn Sweet wrote for the Chicago Sun-Times on Jan. 3, 2002.
During the time Emanuel spent on the board, Freddie Mac was plagued with scandal involving campaign contributions and accounting irregularities…
And, since his successful run for the House of Representatives in 2002, Emanuel has been the beneficiary of campaign cash from Freddie Mac and its sister organization Fannie Mae – $51,750 according to the Center for Responsive Politics Web site OpenSecrets.org.
man so much Change You Can Believe In I think I am going to pass out.-
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tschrnywolf1 year, 1 month ago
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THE REAL STORY: AP OR PROPELLER PUBLISHED IT YESTERDAY. EMANUEL WAS THERE FOR ONLY MONTHS, A TOP MEMBER SAID THE TIME DID NOT ALLOW EMMANUEL TO FIND OUT OR PARTICIPATE IN THE SCAM.
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THAT IS GOOD ENOUGH FOR ME. IT MAY HAVE BEEN A POLITICAL TRAP AGAINST EMMANUEL.
IF SO THAT WAS VERY PREJUDICED, EMMANUEL LOOKS JEWISH/ARAB. SHAME ON YOU,PROPELLER :(-
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pc251 year, 1 month ago
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that's good enough for you maybe you should read the article and the ap link befor issuing such a ridiculous statement. This has NOTHING to do with ethnicity o0r religion but you are trying to defend Obama's poor choice by spinning it that way and for that the SHAME IS ON YOU.........
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FTA
Emanuel’s action, or lack of it, came during a time when the SEC says Freddie Mac misrepresented its income to investors in order to maintain its price. In other words, they committed fraud. The SEC specifically notes that Freddie did this in 2000, 2001, and 2002, and Emanuel sat on the board in 2000-2001.
This is no small matter. Had this happened when Sarbanes-Oxley was in effect, Emanuel would have had to sign off on those numbers under penalty of perjury. He could be liable for criminal prosecution. As it is, his actions and omissions as a board member may still result in civil and criminal liability, if the SEC discovers that he had a hand in the fraud committed at Freddie Mac, or if Emanuel knew about it and failed to act to stop it.
He is still under investigation and could still face criminal liability -
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pc251 year, 1 month ago
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from ABC
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http://www.abcnews.go.com/Blotter/story?id=6201900...
EMMANUEL WAS DIRECTOR OF FREDDIE MAC DURING SCANDAL
did you happen to notice the words DIRECTOR and DURING
of course not
he sat on the board for 13 months or over a year and NOT THE FEW MONTHS that you incorrectly allude to.......
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tschrnywolf1 year, 1 month ago
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THE REAL STORY: AP OR PROPELLER PUBLISHED IT YESTERDAY. EMANUEL WAS THERE FOR ONLY MONTHS, A TOP MEMBER SAID THE TIME DID NOT ALLOW EMMANUEL TO FIND OUT OR PARTICIPATE IN THE SCAM.
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THAT IS GOOD ENOUGH FOR ME. IT MAY HAVE BEEN A POLITICAL TRAP AGAINST EMMANUEL.
IF SO THAT WAS VERY PREJUDICED, EMMANUEL LOOKS JEWISH/ARAB. SHAME ON YOU,PROPELLER :( -
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hyperbola1 year, 1 month ago
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As long as the zionists have major influence on both parties, there will be little or no change in america.
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The Israeli Who Will Run the Obama White House
"Obama's first pick: Israeli Rahm Emanuel as chief of staff" is the headline of a November 6 article in Ha'aretz, the Israeli newspaper. The Israeli editors at Ha'aretz proudly proclaim that Obama's first pick was "Israeli Rahm Emanuel" to run the next administration. Americans should be aware that Obama's chief of staff will be an Israeli, with terrorist roots and a clear loyalty to the state of Israel.
Although the Israeli Emanuel has been named as Obama's chief of staff, none of the Zionist-controlled media outlets in the United States seem as open as Ha'aretz to discuss Emanuel's family roots with the Nazi-linked Zionist terror gangs in Palestine in the 1930s and 40s. Naftali Bendavid of the Zionist-owned Chicago Tribune, for example, has written a book about Emanuel and spent a great deal of time with him but completely avoids his Israeli roots in the Tribune article he wrote on November 6.
... Don't expect the controlled media to tell you the whole truth about Emanuel's family ties to real assassins. To get an idea of who Emanuel really is, I recommend my 2006 article, "Son of a Zionist Terrorist -- Rahm Emanuel's Dirty Secret."
Emanuel even left the United States to serve in the Israeli army in 1991. A person from any other nation would automatically lose his U.S. citizenship for serving in a foreign military. Why do we let Israelis run our government? What will it take to remove people like Emanuel and Michael Chertoff to prevent them from damaging our American republic even more? The Zionist agents in our government are clearly in the process of accumulating power and not at all afraid of showing it. This is a very dangerous development...
Americans should note that this means a foreigner, an Israeli, i.e. a person with loyalties to Israel, will be running the White House under Barack Obama. The chief of staff effectively controls the people around the president -- he decides who sees him, what he hears, and what he knows. The people surrounding the president report to the chief of staff. Emanuel will be the intellectual handler of President Obama (a continuation of the role he has played for years) and the controller of the White House. How do you think having an Israeli with terrorist roots will affect U.S. relations with Iran, Russia, the Palestinians -- and the rest of the world?...
http://www.bollyn.info/home/articles/polphil/rahm-...
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pc251 year, 1 month ago
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Some of the Washington insider re threads that Obama is now appointing to his Staff
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Carol Browner, Clinton’s former EPA Administrator who became the consummate Washington insider. She’s Madeline Albright’s partner and recently married mega-lobbyist and former Congressman Tom Downey. During the uproar over Dubai taking over U.S. ports, Browner brought Downey to meet with Senator Chuck Schumer to plead Dubai’s case. Downey was paid half a million dollars to push Dubai’s position. He’s also a lobbyist for Fannie Mae, paid half a million to try to cover their rears on the subprime mortgage mess.
Bill Daley, Clinton’s former Secretary of Commerce and the brother of the Mayor of Chicago, is the epitome of the old Democratic establishment. Clinton appointed him to the Fannie Mae Board and his son worked as a lobbyist for the agency. Aren’t these the kind of folks that Obama ran against?
Susan Rice, Assistant Secretary of State under Clinton advised John Kerry and Mike Dukakis.
Obama has named one of his big bundlers - Michael Froman, an executive at Citigroup.
Obama is not wandering far from the Chicago Political Machine style of politics. Cronyism, kickbacks, paybacks, patronage, partisanship. Hard line, left leaning, big government, tax and spend, Tammany Hall, socialist, governing. So much for Nancy Pelosi's comments yesterday that the country needs to governed from the center.
Thank you Dick Morris for this information. -
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icono11 year, 1 month ago
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Reading this article made me think of Aleksandr Solzhenitsyn's writing called 'The First Circle' in particular chapter 61;'The Uncle From Tver' where he wrote ....."that's what they always had been, and that's what they'll be as long as they live. They may change in some respects, but not in the essentials."
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So basically, the 'Change' we were promised is nothing more than the 'Same' we have always known. -
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PinkyPie1 year, 1 month ago
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I'm going to say the same thing here that I said on another post.
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Rahm seems to be hated by the far left and the far right for different reasons which may make him the ideal person for the job. Perhaps Obama is making a statement that he plans to govern from the middle which would be a good thing for the country.
Let's face it. Both candidates pandered to the far reaches of their parties to get votes. In reality they would both end up governing more to the center.
I wish President Elect Obama well and look forward to seeing his further appointments.-
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tschrnywolf1 year, 1 month ago
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TO PINKYPIE: I AGREE WITH YOU :) EMMANUEL RHAM REPRESENTS A SYMBOL THAT PREJUDICED FOLKS FIND UNBEARABLE; A JEWISH FIRST NAME AND A MUSLIM SURNAME.
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SADLY WE ALL ARE SEEING PREJUDICE RISE ITS UGLY FACE...AGAIN
I EXCUSE OBAMA IF HE NEEDED TO "CUT SOME CORNERS" WHY, I HAVE NEVER ENGAGED IN DEALS. RATHER, I ACCEPT HIS EXCUSES BECAUSE HE FUNDED REHABILITATION PROGRAMS 2) RUNNING AGAINST A CLOSED GOVERNING ELITE REQUIRED HIGHER THAN ORDINARY CAMPAIGN FUNDS AND EVEN JUST GETTING ELECTED TO CONGRESS. I ADMIRE HIS COURAGE TO RUN. IN THE PAST DR. MARTIN LUTHER KING, LINCOLN, JFK AND HIS BROTHER RK WERE KILLED BY PREJUDICED CRIMINALS.MOST, OR ALL OF THEM BELONGED TO RACIST GROUPS.
INSTEAD MCCAIN, CLINTON AND PALIN FOUND IT EASY TO GET DONATIONS . IMAGINE PALIN DID NOT EVEN SERVE FOR THE HOUSE AND SENATE BEFORE? HAHAHAHHAHAHAAHAHAHHAHA, JUST RIDICULOUS! -
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tschrnywolf1 year, 1 month ago
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TO PINKYPIE: I AGREE WITH YOU :) EMMANUEL RHAM REPRESENTS A SYMBOL THAT PREJUDICED FOLKS FIND UNBEARABLE; A JEWISH FIRST NAME AND A MUSLIM SURNAME.
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SADLY WE ALL ARE SEEING PREJUDICE RISE ITS UGLY FACE...AGAIN
I EXCUSE OBAMA IF HE NEEDED TO "CUT SOME CORNERS" WHY, I HAVE NEVER ENGAGED IN DEALS. RATHER, I ACCEPT HIS EXCUSES BECAUSE HE FUNDED REHABILITATION PROGRAMS 2) RUNNING AGAINST A CLOSED GOVERNING ELITE REQUIRED HIGHER THAN ORDINARY CAMPAIGN FUNDS AND EVEN JUST GETTING ELECTED TO CONGRESS. I ADMIRE HIS COURAGE TO RUN. IN THE PAST DR. MARTIN LUTHER KING, LINCOLN, JFK AND HIS BROTHER RK WERE KILLED BY PREJUDICED CRIMINALS.MOST, OR ALL OF THEM BELONGED TO RACIST GROUPS.
INSTEAD MCCAIN, CLINTON AND PALIN FOUND IT EASY TO GET DONATIONS . IMAGINE PALIN DID NOT EVEN SERVE FOR THE HOUSE AND SENATE BEFORE? HAHAHAHHAHAHAAHAHAHHAHA, JUST RIDICULOUS!
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ekklesiawarriorComment removed: Hard Banned11 Replies
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geeeberry1 year, 1 month ago
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See, Afrocrats, Nothing really ever changes, same old crooks in office, doing the same old crimes. What this nation really needs, is a military Coup, and a general HOUSE CLEANING, Reopening with real new Rules to keep our so called leaders, HOBBLED TO ACT HONESTLY.
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PsychoHosebeastComment removed: Spammer, Abusive6 Replies
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tchef1 year, 1 month ago
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The Republicans are truly the party of Stupid. Between all the racial jokes about the white house and running out to get guns before Obama bans them it's truly ridiculous. I read a story this morning about a woman who was out buying guns for her 10 year old. I have nothing against guns, own a few myself, but they are well out of the reach of my children.
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BB641 year, 1 month ago
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tchef,
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As someone who defends a person's 2nd Amendment rights, I can understand the concerns Obama-Biden can cause. Both men have clearly supported gun restrictions. Doesn't Cook county or Chicago have very restricting rules yet has one of the highest gun crime records today.
If Obama doesn't plan to go after private gun ownership then it's simply a boost in gun sales. I don't trust Obama but I trust the current courts to defend my rights.-
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tschrnywolf1 year, 1 month ago
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TO BB64: PRESIDENT ELECT OBAMA PROPOSED ALLOWING LEGAL AND RESPONSIBLE HUNTERS TO OWN ARMS.
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BUT ALSO WANTS TO LIMIT TERRORISTS AND CRIMINALS TO GET ARMS AND KILL INNOCENT AMERICANS.
SO I THINK HE WILL APPLY A MODERATE PLAN THAT LIMITS BUT DOES NOT BAN WEAPON OWNERSHIP COMPLETELY.
I THINK HIS PLAN IS WISE AND NEEDED. YOU SEE, CRIMINALS CAN MAKE ARMS FROM WOOD. SO PUTTING IT ALL ON OUR GOVERNMENT IS EXAGGERATED PROPAGANDA TO SCARE AMERICANS.
WHY DO YOU AND YOUR COMRADES DO IT?
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lloydm651 year, 1 month ago
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Obama has followed the same lying rhetoric of the Clintons.They campaigned on a health-care plan that did not exist before the ninety two election.They made it up as they went.The same goes for Obama. He said over,and over he had a plan for just about every thing.Never had a clue.So now he gathers the criminals from the past for the answer.Can you imagine the ex mayor of Chicago the dishonorable Richard Daley having access to the Oval office.Please install security cameras.
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tschrnywolf1 year, 1 month ago
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MY GOODNESS! CAN YOU EVER LET GO OFF RICHARD DALEY? HE ONLY RULED IN THE PAST CENTURY, 30 YEARS BEFORE THE END OF IT.
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YOU WANNA PLAY THAT GAME...? OKAY, LET US SEE. PRESIDENT HOOVER WAS A REPUBLICAN, STILL HE GOVERNED WHILE THE BIG DEPRESSION OF 1920 HIT AMERICA. LINSDEY WAS A REPUBLICAN AND THEN SWITCHED TO THE DNC.....WANT MORE??????
SORRY, I GOTTA EAT :)
OBAMA IS NOT CLINTON, NEITHER HAS HE APPOINTED HILLARY OR BILL. SO YOU ARE EXAGGERATING, AS USUAL. :)
WAS THE CLINTON BONANZA REAL? YES. WHY DID HE GET RE-ELECTED? P-0-P-U-L-A-R-I-T-Y. I DID NOT SUPPORT HIM. YET MANY AMERICANS LIKED HIM AND HIS WIFE SO MUCH! -
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tschrnywolf1 year, 1 month ago
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MY GOODNESS! CAN YOU EVER LET GO OFF RICHARD DALEY? HE ONLY RULED IN THE PAST CENTURY, 30 YEARS BEFORE THE END OF IT.
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YOU WANNA PLAY THAT GAME...? OKAY, LET US SEE. PRESIDENT HOOVER WAS A REPUBLICAN, STILL HE GOVERNED WHILE THE BIG DEPRESSION OF 1920 HIT AMERICA. LINSDEY WAS A REPUBLICAN AND THEN SWITCHED TO THE DNC.....WANT MORE??????
SORRY, I GOTTA EAT :)
OBAMA IS NOT CLINTON, NEITHER HAS HE APPOINTED HILLARY OR BILL. SO YOU ARE EXAGGERATING, AS USUAL. :)
WAS THE CLINTON BONANZA REAL? YES. WHY DID HE GET RE-ELECTED? P-0-P-U-L-A-R-I-T-Y. I DID NOT SUPPORT HIM. YET MANY AMERICANS LIKED HIM AND HIS WIFE SO MUCH!-
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pc251 year, 1 month ago
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MY GOODNESS! CAN YOU EVER LET GO OFF RICHARD DALEY? HE ONLY RULED IN THE PAST CENTURY, 30 YEARS BEFORE THE END OF IT.
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yeah but his son rules now
funny how the Daley family has ruled Chicago for the last 50 years........the the word is that the son if more corrupt than the father.....
you're a tool
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jweglarznc1 year, 1 month ago
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I was born and raised in Chicago, everything from the top to the bottom is corrupt and will never end, and when they get caught they still won't admit it. Don't mess with the Daley machine.
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I now live in North Carolina and its no different here, except
I don't call it the mafia, I call them Dumb Hill Billy Plantation Minded Officials.
Obama and his KGB will totally kill this country as we now
know it.
Bob Barr Palin 2010 -
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paulwheelerv1 year, 1 month ago
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obama sucks. half white and half black equals half white and half black. obama is half white, which makes him the first african american president? hes still a poletician. the public is brainwashed. the bushs destroyed our factory jobs and obama will bring small business to its knees. theres no growth for america. weve been sold out. people are brainwashed. this guy could be a murderer and people wouldve excused that too. this president will do what all others have done. sell thier soul for money. the one world government, religion and money is on the way. i hope everyone is happy.
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tschrnywolf1 year, 1 month ago
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SURE, THERE IS NO WAY TO EAT FRESH ORANGES WITH SUCKING :)
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AS FOR MONEY, WALL STREET IS NOW SUCKING THE 700 BILLIONS BAILOUT AWAY FROM WE THE AMERICAN PEOPLE. THAT IS REAL SUCKING LIKE A BIG VAMPIRE :(
NO SIR, WE HAD BIRACIAL PRESIDENTS BEFORE. I THINK PRESIDENT THOMAS WAS ONE. BUT IN THE LATEST CENTURY WE DID NOT. SO IT IS OKAY :)
AMERICANS FROM EUROPEAN DESCENT SHOULD CALM DOWN AND HELP PRESIDENT ELECT OBAMA. NOT DOING THAT IS VERY IMMORAL AND UNPATRIOTIC.
SKIN COLOR IS A PRETEXT TO DISCREDIT MINORITIES. THIS MUST CHANGE, RIGHT NOW.
SEE, BARON ROBBERS TAKE AWAY YOUR MONEY BY DISTRACTING YOU ABOUT PRESIDENT OBAMA.
YOU ARE BEING FOOLED BY CHEAP SALESPEOPLE WHO ARE NOW STEALING BILLIONS. :(
USUALLY I HAVE NO TROUBLE SENDING MY POSTS HERE.INSTEAD NOW THAT I CRITIZE WALL STREET, I KEEP PRESSING THE REPLY BUTTON BUT NOT MUCH HAPPENS. -
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tschrnywolf1 year, 1 month ago
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SURE, THERE IS NO WAY TO EAT FRESH ORANGES WITH SUCKING :)
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AS FOR MONEY, WALL STREET IS NOW SUCKING THE 700 BILLIONS BAILOUT AWAY FROM WE THE AMERICAN PEOPLE. THAT IS REAL SUCKING LIKE A BIG VAMPIRE :(
NO SIR, WE HAD BIRACIAL PRESIDENTS BEFORE. I THINK PRESIDENT THOMAS WAS ONE. BUT IN THE LATEST CENTURY WE DID NOT. SO IT IS OKAY :)
AMERICANS FROM EUROPEAN DESCENT SHOULD CALM DOWN AND HELP PRESIDENT ELECT OBAMA. NOT DOING THAT IS VERY IMMORAL AND UNPATRIOTIC.
SKIN COLOR IS A PRETEXT TO DISCREDIT MINORITIES. THIS MUST CHANGE, RIGHT NOW.
SEE, BARON ROBBERS TAKE AWAY YOUR MONEY BY DISTRACTING YOU ABOUT PRESIDENT OBAMA.
YOU ARE BEING FOOLED BY CHEAP SALESPEOPLE WHO ARE NOW STEALING BILLIONS. :(
USUALLY I HAVE NO TROUBLE SENDING MY POSTS HERE.INSTEAD NOW THAT I CRITIZE WALL STREET, I KEEP PRESSING THE REPLY BUTTON BUT NOT MUCH HAPPENS.
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sharimellis1 year, 1 month ago
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Heil Commrade Obama. We welcome you with open pocketbooks. We must willingly bend over and take the raping your going to give those of us that own and work for small businesses. When the oppresive taxes start squeezing the life out of us and we get laid off and prices of everything rise we will know how much he cares for us, his subordinates, the middle class he loves so much that he wants to tax out of existence.
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When, as per his words, his policies bankrupt the coal industry and multiple thousands of jobs disappear we must remember that the Lord Messi-uh Obama knows what he must do to get this country going in the right direction.
When as per his words, electricity goes up because the coal industry has been bankrupted, we must thank his omnipotent, all-knowing, majesty for knowing what is best for the ignorant people of this country.
When, as per his words, gas costs $6 to $8 per gallon, we must recognize it as being best for the sheeple. We must start using less gas and the best way is to make it unaffordable. -
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rosecityfriend1 year, 1 month ago
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FTA -- "For an incoming administration that ran on cleaning up the greed on Wall Street, the selection of Emanuel speaks a lot louder than any campaign promises. One might think that anyone who sat on the boards of Fannie Mae and Freddie Mac while the two GSEs cooked the books and set the stage for global financial collapse should at least be considered political poison for any appointment, let alone one as significant as White House Chief of Staff — if nothing else, then at least on the basis of competence. Instead, it looks like Obama is bringing the Chicago Way to Pennsylvania Avenue.
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Hope and change, indeed."
I said all along that actions speak louder than words. Obama's initial actions are not very promising. Btw, anyone notice any WOMEN he's considering for top positions? -
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wkrupa75861 year, 1 month ago
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Gee, what a surprise, Obama picks his chief of staff and the scumbag turns out to have his hands filty. the best part is the major media smiles and gives Obama a pass. Typical response from those who love socialism. But had it been a republican President doing the same thing this would have been a fire storm.
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daintyt1 year, 1 month ago
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Great job america....you voted foe the same group that got us into this subprime mess in the first place.....they made a bundle going into it and they will make a bundle pretending to get us out of it! We need a clean sweep of all our elected officials!
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RIChrisComment removed: Retracted by user
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tedjcrawford1 year, 1 month ago
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The Bottom Line is What has both parties done for you. After all the past adminstrations Not one has really changed the quality of of your life. I remember when gas was only 34 cents and the phone was $5.00 So what has changed other than the cost of living Nothing.
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tschrnywolf1 year, 1 month ago
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I THINK PALIN WOULD RULE LIKE PRES. BUSH. HE WOULD PROBABLY BE ONE OF HER ELDERLY COUNSELORS. THE PROBLEM IS THAT HE ORIGINALLY WAS INEXPERIENCED,LIKE HER. WHAT WILL THEIR SOLUTIONS BE? HOLDING FANCY DINNER PARTIES AND PRAYING? MORE UNREALISTIC WISHFUL THINKING?
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DID ROBERTSON'S EVANGELICALS PRAYERS CAUGHT BIN LADEN, OR ENDED THE WAR IN IRAK: NO. -
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tschrnywolf1 year, 1 month ago
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I THINK PALIN WOULD RULE LIKE PRES. BUSH. HE WOULD PROBABLY BE ONE OF HER ELDERLY COUNSELORS. THE PROBLEM IS THAT HE ORIGINALLY WAS INEXPERIENCED,LIKE HER. WHAT WILL THEIR SOLUTIONS BE? HOLDING FANCY DINNER PARTIES AND PRAYING? MORE UNREALISTIC WISHFUL THINKING?
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DID ROBERTSON'S EVANGELICALS PRAYERS CAUGHT BIN LADEN, OR ENDED THE WAR IN IRAK: NO. -
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Rick78x1 year, 1 month ago
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After 8 horrific years under an inept, buggling idiot named George W. Bush, Mickey Mouse could have ran a campaign on 'change' and got voted in. It's what the American sheeple wanted to hear. Change? So far, I see more of the same or perhaps even worse.
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rammbt21 year, 1 month ago
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If the Democratic party wasn't so pathetic it would be funny. After eight years of their hateful, disgusting complaining, their vile comments, rude behavior, and their pitbull like attacks on the Republican Party and President Bush now they want everyone to get along and act American. What a joke.
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tschrnywolf1 year, 1 month ago
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A REAL DAMAGING PROBLEM FOR AMERICA: THE RADICAL EVANGELISTS AND CHRISTIANS. "THANKS TO THEM FANNY MAE WENT DOWN, MCCAIN WAS A RECEPIENT TOO. (AP PUBLISHED IT) SO HIS FAITH DID NOT MAKE HIM INNOCENT AT ALL. PLUS THE KEATING FIVE FINANCIAL SCANDALS.
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YOU WANNA PLAY THAT DIRTY GAME? GO DO SO WITH PALIN. I HAVE BETTER AND DECENT THINGS TO DO :)
BYE BYE
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