There are people talking about putting him in as head of the RNC and even running him for president in 2012. But this is just one more example of his awful judgment.
Good old newt you can always trust him to be were the money is!! Hows things going with Exxon Newt. POS!!!
bump
I always wondered if and when the mainstream media would expose the “truth” about what happened to keep these two companies from being investigated and properly policed.
Now I have my answer. The truth will never be reported by them, and the story came out when they had it spun to implicate only Republicans. Only one Democrat mentioned by name.
Media bias is like watching a car wreck. You know you shouldn’t, but you can’t turn away. It’s truly sickening to read.
I wonder if the media will survive outside of bankruptcy long enough to poison the rest of America. We can only hope not.
Paul Kanjorski, D-Pa... declined comment through a spokeswoman.
New York Times Omits Freddie Mac from Emanuel’s Resume
Front page business profile doesn’t mention two-year stint with troubled government sponsored enterprise.
By Matt Philbin
Business & Media Institute
12/4/2008 2:33:08 PM
Is it immature to say, “We told you so?”
The Business & Media Institute on Nov. 6 noted the media’s tendency to grant incoming White House Chief of Staff Rahm Emanuel a free pass on his history with the taxpayer-rescued government sponsored enterprise (GSE) Freddie Mac. The New York Times continued the trend in a front page business profile of Emanuel Dec. 4.
Emanuel served on the GSE’s board of directors between 2000 and 2001 – a period during which the organization was mired in political contribution and accounting scandals. But you wouldn’t know that from reading the Times’ profile.
The article, “In Banking, Top Obama Aide Made Money and Connections,” examined Emanuel’s banking career after leaving the Clinton White House in late 1998. Author Michael Luo wrote, “The period before he was elected to a House seat from Illinois is a little-known episode of Mr. Emanuel’s biography.” And an important part of it seems destined to stay little-known.
Heavily sourced and researched, the nearly 1,700-word Times piece mentioned 12 separate companies and 16 individuals that figured in Emanuel’s career over the three years in question. But Luo didn’t find space for a single mention of Emanuel’s involvement with Freddie Mac during the same time period.
Emanuel “went on to make more than $18 million in just two-and-a-half years, turning many of his contacts in his substantial political Rolodex into paying clients and directing his negotiating prowess and trademark intensity to mergers and acquisitions,” Luo wrote. Presumably, that “prowess and trademark intensity” is what earned him more than $260,000 in “director’s fees” from Freddie Mac in 2000 – 2001, as the Chicago Sun-Times reported on Jan. 3, 2002.
Some other numbers are missing from the Times article. Luo discussed at length Emanuel’s “strong ties with an industry now at the heart of the economic crisis,” his ongoing relationships with financial executives, and the more than $1.5 million they’ve contributed to his congressional campaigns, according to the Center for Responsive Politics (CRP). But the Times didn’t mention another number available from the CRP: the $51,750 Freddie Mac and sister organization Fannie Mae have given Emanuel.
Commendably, Luo looked into the possibility that all those contacts and all that cash from the financial service sector might have clouded Emanuel’s judgment while voting on issues of consequence to the industry, though he found “no evidence” of that.
But while entertaining questions of money, ethics and conflicts of interest, Luo should have noted that Freddie Mac paid a $3.8 million fine for illegal political contributions made during the years Emanuel served on its board. And that when Emanuel arrived in Congress, he served on the subcommittee charged with oversight of his former employer, Freddie Mac
The true story is memorialized in a Christmas YouTube sing-along
http://www.youtube.com/watch?v=vbZnLxdCWkA