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Obama Under Republican Ethics Fire Over Housing (Obama Is "Turning The Page" Alright - Backwards
AFP ^ | 6/10/2008 | Staff

Posted on 06/10/2008 8:08:22 AM PDT by Laissez-faire capitalist

... McCain's campaign and the Republican National Committee (RNC) fastened on a Wall Street Journal report that said that Jim Johnson, the mortgage executive leading Obama's vice presidential hunt, had received preferential home loans.

... the Republican's chief economic adviser Doug Holtz-Eakin said the reported loans to Johnson from Countrywide Financial raised troubling questions.

"And I thought it was remarkable that Senator Obama could talk about housing, talk about ethics, and fail to mention that he entrusted the single most important decision in his campaign, the choice of the vice presidentil running mate, to a gentlemen, Mr. Johnson, who benifitted from preferential lending at Countrywide and state financial payouts," he told reporters.

(Excerpt) Read more at afp.google.com ...


TOPICS: Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2008; barackobama; blueturban; carter2; carterredux; cultureofcorruption; democrat; democrats; democratscandals; election; electionpresident; elections; homeloans; jimjohnson; obama; obamahousingscandal; obamatruthfile; propagandawingofdnc
Obama attacks McCain over the housing mess, and yet here he is with this Jim Johnson scandal.

Obama - after being challenged over this - fired back at McCain and tried to accuse him of the same thing. Nothing new here for Obama.

McCain, though, said that the man that Obama accused was no longer in his employ, and was an unpaid volunteer, not an advisor like Jim Johnson.

In the end, Obama is no more "turning the page" with Jim Johnson than he is with having Eric Holder - an old Clinton crony - being on his team to find a VP for Obama.

If anything, he is turning it backwards.

1 posted on 06/10/2008 8:08:22 AM PDT by Laissez-faire capitalist
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To: All

What say you?


2 posted on 06/10/2008 8:08:49 AM PDT by Laissez-faire capitalist (Keep working! Welfare cases and their liberal enablers are counting on you!)
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To: Laissez-faire capitalist

” He’s not the same Jim Johnson that I’ve known for the past 20 years”, Obama said.


3 posted on 06/10/2008 8:10:40 AM PDT by Eurale
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To: Laissez-faire capitalist

Honestly? As a nation, we’ve pretty much accepted the fact that long-term Washintonites are all pretty much corrupt. So what’s the big story here? He got a favorable loan rate? Yawn.


4 posted on 06/10/2008 8:11:06 AM PDT by Hildy
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To: Hildy; All

Problem is, Obama said that he was a “new kind of politician.”

He said that he was going to “turn the page.”

So, you pretty much admit that Obama is lying about both.

BTW, remember Tony Rezko?

Another housing scandal for Obama.

Rezko is a longimte friend of Obama’s and held fundraisers for Obama.


5 posted on 06/10/2008 8:13:11 AM PDT by Laissez-faire capitalist (Keep working! Welfare cases and their liberal enablers are counting on you!)
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To: Eurale

Add Jim Johnson to the list of items (wife, church,radical buddies) we’re not allowed to ask about.


6 posted on 06/10/2008 8:14:10 AM PDT by Eric in the Ozarks
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To: Eric in the Ozarks

Obama does not get to decide what anyone gets to talk about.

Each person decides that for themself.


7 posted on 06/10/2008 8:15:24 AM PDT by Laissez-faire capitalist (Keep working! Welfare cases and their liberal enablers are counting on you!)
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To: Laissez-faire capitalist

Rezko is a longimte friend of Obama’s and held fundraisers for Obama.
::::::::
Obama is a crook and a lying hypocrite. He is a radical liberal. Both one in the same in reality. This info should surprise nobody. McCain has more campaign fodder than he will ever need ALREADY. Now he should really put it to work.


8 posted on 06/10/2008 8:18:19 AM PDT by EagleUSA
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To: Laissez-faire capitalist

I just love that headline. Those biased republicans, dredging up scurrilous ethics charges against fine upstanding Democrats in some sort of attempt to derail Obama’s march to glory.


9 posted on 06/10/2008 8:18:53 AM PDT by ClearCase_guy (Et si omnes ego non)
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To: Eric in the Ozarks
Add Jim Johnson to the list of items (wife, church,radical buddies) we’re not allowed to ask about.

You forgot his ears.
10 posted on 06/10/2008 8:19:18 AM PDT by Miss Didi ("Good heavens, woman, this is a war not a garden party!" Dr. Meade, Gone with the Wind)
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To: Laissez-faire capitalist
Whether it be domestic issues, economic issues, social issues, or foreign policy and the war, Barack Hussein Obama is the apex of the hate-America, domestic enemy in this country. His election as president would be the greatest coup any enemy has ever scored against this country and could easily lead to the worst, horrific disaster in our nation's history.

THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA

11 posted on 06/10/2008 8:20:06 AM PDT by Jeff Head (Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
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To: Hildy

“So what’s the big story here? He got a favorable loan rate? Yawn.”

The big story is that in 2006, the Dems and the Marxist Media hammered on ‘Republicans’ as being ‘corrupt’ in order to secure the dems a victory in the House and Senate.

All the while, they ignored every evidence of Democrat dirty dealing and now they have a Presidential Candidate who just loves to surround himself with ‘dirty dealers’ and might just be as corrupt as they come.

Stay tuned.........


12 posted on 06/10/2008 8:21:56 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: ClearCase_guy
I just love that headline. Those biased republicans, dredging up scurrilous ethics charges against fine upstanding Democrats in some sort of attempt to derail Obama’s Long March to glory.

There, fixed it.
13 posted on 06/10/2008 8:22:51 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Laissez-faire capitalist
I say that Obama is a typical Democrat feather merchant. This turkey is a carbon copy of Jimmy Carter.The Donks just don't get it.
14 posted on 06/10/2008 8:25:17 AM PDT by ANGGAPO (LayteGulf BeachClub)
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To: penelopesire

The REALLY big story is on the front page of the Washington Post today...how Fannie Mae is directly responsible for the subprime mess. It’s about damn time somebody got this story right. This is the REAL scandal that Jim Johnson needs to answer for, as well as Barack Obama and all of his Democrat friends on Capitol Hill who have blocked any kind of regulation or oversight of Fannie Mae for years.


15 posted on 06/10/2008 8:26:38 AM PDT by Dems_R_Losers (Obama is a Neocommunist)
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To: Army Air Corps

Thanks!


16 posted on 06/10/2008 8:28:42 AM PDT by ClearCase_guy (Et si omnes ego non)
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To: Dems_R_Losers

Excellent Point!

Headed to find the article.


17 posted on 06/10/2008 8:30:31 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Laissez-faire capitalist

Obama, when you sleep with dogs, you will wake up with fleas. I am sincerely pleased that many people retain their sanity and are exposing you for the liar that you are.


18 posted on 06/10/2008 8:31:04 AM PDT by vpintheak (Like a muddied spring or a polluted well is a righteous man who gives way to the wicked. Prov. 25:26)
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To: ClearCase_guy

I am still amazed that a major political party in the most powerful nation on Earth has selected a completely clueless dumbass as their nominee. The man doesn’t have the résumé to be a dog catcher in a one horse town, let alone be president of the US.


19 posted on 06/10/2008 8:34:00 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Laissez-faire capitalist
"In the end, Obama is no more "turning the page" with Jim Johnson than he is with having Eric Holder - an old Clinton crony - being on his team to find a VP for Obama."

Eric Holder is at the heart of a bigger scandal...for much closer to election time...in that it was Holder who "secured" and "vetted" Billionaire felon Marc Rich's last minute Clintonian pardon.

20 posted on 06/10/2008 8:39:11 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Hildy
Honestly? As a nation, we’ve pretty much accepted the fact that long-term Washintonites are all pretty much corrupt. So what’s the big story here? He got a favorable loan rate? Yawn.

Your yawn is pretty much part of the problem. If we don't hold people accountable for the little things we can't hold them accountable for big things. Holding people accountable is DAMM HARD WORK and nobody will like you for doing it.

If you will yawn at a little things, what else will you yawn at? If you are of a religious persuasion, God wants us to be faithful in little things. As I get older I am very thankful I had parents that didn't yawn when I needed correction and say that “boys will be boys.”

21 posted on 06/10/2008 8:41:32 AM PDT by PeterPrinciple ( Seeking the truth here folks.)
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To: Laissez-faire capitalist

Why are you questioning this? You must be a racist.

(/sarcasm)


22 posted on 06/10/2008 8:47:48 AM PDT by RabidBartender
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To: penelopesire
Don't be fooled by the headline on the WaPo article. HUD has very little regulatory authority over Fannie Mae. The fact is that every time HUD has tried to exert any authority, Fannie Mae has run to its Democrat friends on Capitol Hill and they start beating up on HUD to lay off.

Jim Johnson had no executive or housing finance experience when he was hired to be CEO of Fannie mae. What he had was a pile of Democrat political connections stemming from his management of the Mondale campaign in 1984. The way he "managed" Fannie Mae was by hiring an army of lobbyists, either buying off or threatening lenders like Countrywide, creating a "charitable foundation" that funneled millions of dollars into "community organizations" and "affordbale housing programs" connected to local Democrat officials, and then rallying this army of dependents every time HUD or the Republicans in Congress made any attempt at reining in Fannie Mae. He was a ruthless political operator. Even when the Republicans gained control of Congress, Johnson was able to rally Democrats to stave off any attempt to regulate Fannie. Paul Sarbanes was completely in the tank for Fannie and would not allow anything to move in the Senate Banking Committee.

Believe me, HUD had no power to allow or make Fannie Mae do anything it did not already want to do. Fannie complained all the time that it was too hard for it to make its affordable housing goals, and it suggested that the answer was to allow it to buy more securities backed by subprime loans. It had letters signed by Barney Frank and other influential Democrats in support of this policy. It got members of Congress to insert instructions into HUD's appropriations bills on this. And then it went off and bought about 10 times the amount of subprime securities it needed to make its affordable housing goasl. Those bonds paid huge returns and Fannie's stock price (and therefore Johnson's bonus) soared as a result.

This is the REAL scandal if anyone cares to connect the dots.

23 posted on 06/10/2008 9:02:59 AM PDT by Dems_R_Losers (Obama is a Neocommunist)
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To: Eurale
” He’s not the same Jim Johnson that I’ve known for the past 20 years”, Obama said.

Beat me to it.

24 posted on 06/10/2008 9:04:34 AM PDT by TexasNative2000 (Is this tagline governed by McCain-Feingold?)
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To: TexasNative2000

http://www.aina.org/news/20080610032620.htm

Is Obama even legally “qualified” to be President?


25 posted on 06/10/2008 9:05:49 AM PDT by youshouldknowthetruth (Anyone BUT Obama in 08!!!)
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To: Laissez-faire capitalist

It’s far more than any issues about personal loans from Countrywide — Jim Johnson is a Democrat whore from way back who ran Fannie Mae — publicly protected cesspool of Democrat hacks. Time for a full investigation into how Jim Johnson made his money with political protection and lobbyists.


26 posted on 06/10/2008 9:16:02 AM PDT by Enchante (Barack Chamberlain: My 1930s Appeasement Policy Goes Well With My 1960s Socialist Policies!)
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To: youshouldknowthetruth

That’s lame. He was born in the United States, therefore has birthright citizenship. Wasnt Hawaii a state?


27 posted on 06/10/2008 9:17:46 AM PDT by WOSG (http://no-bama.blogspot.com/ - co-bloggers wanted!)
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To: Southack

PING for corruption.

“Plus ca Change, plus c’est la meme chose.”


28 posted on 06/10/2008 9:18:42 AM PDT by WOSG (http://no-bama.blogspot.com/ - co-bloggers wanted!)
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To: Hildy
Government corruption is indeed wide and deep. Consider, the notorious and still sitting Democrat Representative William Jefferson. It is by no means acceptable. I hope, at least for those of my acquaintance, that such behavior is not a yawning matter. Unfortunately, from the likes of Obama and his fellow travelers, such behavior is normal behavior.
29 posted on 06/10/2008 9:26:36 AM PDT by CarryingOn (Don't tell me words don't matter. Barack H. Obama)
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To: Laissez-faire capitalist

No Carter era for us, please.


30 posted on 06/10/2008 9:52:31 AM PDT by Salvation (†With God all things are possible.†)
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To: Army Air Corps

“clueless dumbass”

I wish I was an expert at graphics for I would super impose his picture on a donkey and at the top would say “The New Face of the Democrat Party” and underneath include in bold letters what you said! “clueless dumbass”


31 posted on 06/10/2008 10:28:56 AM PDT by landerwy (Life, Liberty and the pursuit of happiness!)
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To: Dems_R_Losers

Thanks for your post.

Honestly, I don’t know that much about the ends and outs of Fannie Mae/HUD/Housing Market, etc.

I do so appreciate the knowledge I learn around here from people like you.

Your angle on this really should be investigated.


32 posted on 06/10/2008 11:20:29 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: PeterPrinciple

Don’t put this on me, please. We don’t do anything except bitch and moan on online forums. We don’t run our own people, we don’t protest, we don’t do anything. I’m just stating a fact. The other side gets what they want because they are louder and they’re meaner and they actually DO SOMETHING.


33 posted on 06/10/2008 1:12:55 PM PDT by Hildy
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To: PeterPrinciple

Don’t put this on me, please. We don’t do anything except bitch and moan on online forums. We don’t run our own people, we don’t protest, we don’t do anything. I’m just stating a fact. The other side gets what they want because they are louder and they’re meaner and they actually DO SOMETHING.


34 posted on 06/10/2008 1:13:04 PM PDT by Hildy
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To: Jeff Head

Hey, Jeff, I think you ought to add pages that list BO’s voting record and the planks of his platform... like the examples below.

Just a suggestion. I like having one place to go for all my BO facts.

A few measures that Barack Hussein Obama, Jr. backs.

He sponsored S.CON.RES.53: A concurrent resolution expressing the sense of
Congress that any effort to impose photo identification requirements for voting
should be rejected.

In 1999 he was the only Illinois State Senator to vote against a bill barring
early release for (criminal) sex offenders.

He voted against filtering pornography on school and library computers and he
voted for sex education for kindergarten children through the 5th grade.

Also, in 2001, he voted “present” on a bill to keep pornographic book and video
stores and strip clubs from setting up within 1,000 feet of schools and
churches.

Just as unsettling is his voting record on abortion.

Twice, Obama voted against bills prohibiting tax funding of abortions.

In February 2004, his wife, Michelle, sent out a fund raising letter, which
actually stated her concern over the rise of conservatism in the Country, and
that the ‘so-called’ partial-birth abortion was a legitimate medical procedure
that should be protected. That would be the procedure that allows doctors to
stick surgical forks in the heads of babies that have partially come out of the
womb.

And your partially born children aren’t the only thing he wants to abort....it’s
your income too.

According to Dennis Gartman, an internationally acclaimed expert on markets,
BO’s tax scheme includes:

First, Obama has proclaimed the “Bush” tax cuts “toast.”

The highest marginal tax rate will go from 35% to 39.6%.

The estate tax, which is entirely eliminated in 2010, will revert back to 45%
under Obama.

The tax on dividends and capital gains, now 15% will rise to 25%.

Social security (FICA) tax increases will hit well-to-do people the hardest.
Presently, FICA taxes are paid on incomes up to $102,000. Self employed people
pay 12.4%. If you are employed, this amount is split between the employee and
the employer. Obama wants to remove the cap.

So, for residents of Virginia, people who are self employed and earn more than
$200,000 will pay a tax of:

* 39.6% (income)
* + 5.75% (state)
* +12.4% (FICA)
* = 57.75%!

UPDATE: The self-employed pay something called the SECA (Self-Employment
Contributions Act) tax. That consists of 12.4% FICA and 2.9% Medicare. So, take
that total Obama tax grab up over 60%.


35 posted on 06/10/2008 1:18:32 PM PDT by Lee'sGhost (Johnny Rico picked the wrong girl!)
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To: Laissez-faire capitalist

BTTT


36 posted on 06/10/2008 1:38:44 PM PDT by TexasCajun
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To: Laissez-faire capitalist

If you criticize B.O., it doesn't matter what or why, it's racist.

37 posted on 06/10/2008 1:56:45 PM PDT by Bubba_Leroy ("What's up with Whitey?" - Michelle Obama)
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To: WOSG
That’s lame. He was born in the United States, therefore has birthright citizenship.

The democRats have tried arguing that McCain is not a natural citizen because he was born in the Panama Canal Zone. Of course, McCain is a citizen because (1) both his parents were citizens, (2) the Panama Canal Zone was a U.S. territory when McCain was born, (3) he was born on a U.S. military base in Panama because his father was stationed there in the Navy, and (4) there was a specific statute at the time making anyone born to U.S. citizens in the Panama Canal zone a citizen.

It was a lame argument about McCain and it is just as lame about B.O.

B.O. is clearly not qualified to be President, but it is not because of his citizenship.

38 posted on 06/10/2008 2:11:34 PM PDT by Bubba_Leroy ("What's up with Whitey?" - Michelle Obama)
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