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Wednesday, June 11, 2008
Michelle Malkin :: Townhall.com Columnist
D'OH-bama's Mortgage Industry Mess
by Michelle Malkin
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Will Sarah Palin make a run at the GOP Nomination in 2012?


If you're going to promise "new politics," it would probably be wise to eschew the same old Beltway cronies and insiders who have served presidential nominees of yore.

And if you're going to attack political opponents for playing "textbook Washington games," it would probably be best not to play them yourself. If you do, you'll end up tongue-tied in front of the cameras, hung by your own holier-than-thou rhetoric and faced once again with the decision to throw another bad choice under the bus.

Yes, Barack Obama, we're talking about you. Again. It's getting mighty crowded under that bus, isn't it?

Last week, D'Oh-bama announced the appointment of D.C. denizens Jim Johnson and Eric Holder to head his veep search committee -- along with a Kennedy (Caroline Kennedy Schlossberg) thrown in for glamorous good measure. John McCain supporters rightly jumped on Johnson and Holder as shady Washington operators. Holder was the Clinton Justice Department official in the middle of the sleazy pardon for fugitive financier Marc Rich.

Johnson, who has advised past failed Democratic nominees Walter Mondale and John Kerry, was CEO of the beleaguered, government-backed mortgage giant, Fannie Mae. Over the weekend, The Wall Street Journal reported that Johnson accepted more than $7 million in below-market-rate loans from scandal-plagued subprime lender Countrywide Financial Corp. The company's CEO, Angelo Mozilo, had set up a very special loan program for his high-powered pals. Johnson had named Mozilo to Fannie Mae's national advisory committee more than a decade ago and they maintained a cozy friendship.

Mozilo also happens to be one of Obama's fattest targets in his frequent broadsides against the demons of the mortgage industry. Obama likened Mozilo to a virus in March: "These are the people who are responsible for infecting the economy and helping to create a home foreclosure crisis." Channeling Jesse Jackson, Obama further chided: "These executives crossed the line to boost their bottom line." During the battle with Hillary, Obama campaign manager David Plouffe was dispatched to the cable TV airwaves to inveigh: "If we're really going to crack down on the practices that caused the credit and housing crises, we're going to need a leader who doesn't owe these industries any favors." And so on.

Yesterday, after a barrage of questions from McCain bloggers, Countrywide critics and Clinton operatives, ABC News asked Obama about the stunningly obvious hypocrisy. The result was, well, painful.

Struck with an apparent case of restless mouth syndrome, Obama first indignantly rejected the notion that he should pick his veep pickers more carefully: "Well, look, the, the, I mean -- first of all I am not vetting my VP search committee for their mortgages." Continued...

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About The Author

Michelle Malkin makes news and waves with a unique combination of investigative journalism and incisive commentary. She is the author of Unhinged: Exposing Liberals Gone Wild .

Be the first to read Michelle Malkin's column. Sign up today and receive Townhall.com delivered each morning to your inbox.

©Creators Syndicate
Democrats solve Global Warming!
Democratic genius Dennis Kuchinich and other intellectual Democrats have found the answer to Global Warming.

Future Secretary of Commerce Maxine Waters was explaining why NASA should land the 'Sun Lander' at NIGHT to avoid heat damage to the lander.

A common epiphany occured involving Maxine Waters, Dennis Kuchinich, Barney Frank, John Murtha and William Jefferson.

They said all of the sudden we realized what is causing 'Global Warming' at the same time!

DAYLIGHT SAVINGS TIME!

"Adding more hours of sunlight during the summer afternoons", a spokesman for the group said "is the obvious culprit".

The five congresspersons declared they would wear only 'Speedos' publicly until Al Gore acknowledges their momentous discovery.

A spokesman for Al Gore said "Mr Gore is in a bitter dispute involving his claim of inventing the wheel with Louis Farrakhan who claims space aliens created the 'Mother Wheel' and may not have time to comment on the discovery."

The 'Speedo' five will appear 'Speedo' clad til all congresspeople join in solidarity by wearing 'Speedos' - Harry Reid is expected to wear a 'Speedo' immediately.

The bill will be entitled "Stop Global Warming by Eliminating Extra Hours of Sunshine" sponsored by all intellectuals in the Democratic Party.

Call your congresspersons today!

Join the fight against Global Warming - wear your 'Speedo' everywhwere in solidarity with the 'Speedo Five'!

Stunning repartee
Some posters need to learn that name calling and innuendo only make them appear as foolish as their words.

Especially when none of their words speak to the issues at hand.
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