THE HYPOCRISY OF OBAMA AND THE OBAMAMANIACS AND THE COUNTRYWIDE FIASCO

Background:

The Republican National Committee (RNC) released a statement Monday about Democratic Presidential Candidate Sen. Barack Obama's (D-IL) ties to a campaign advisor who received what they categorize as “special loans” from Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo.

The claims are related to Jim Johnson, who is one of Obama's top advisors and the former Chief Executive Officer of Fannie Mae. The RNC quotes a Wall Street Journal article in its statement about the connection. The Journal article suggests that Johnson was one of a few of Mozilo's friends who received special loans due to their connections. The rates for at least two of the loans were described as “below market values” and Johnson is said to have taken out loans totaling $7 million.

“Barack Obama routinely rails against lobbyists and corporate insiders, yet his campaign is stocked with both,” the RNC's Press Secretary Alex Conant said. “Now it turns out that the man leading his vice presidential selection team is receiving highly questionable loans. With millions of Americans struggling to pay their mortgages, it raises serious questions about Obama's judgment when we learn members of his campaign leadership are receiving favors that the average American would never get.”

More background:

About James Johnson: He's part of the permanent government of this country, a long-time Democratic fixer (Mondale and Kerry campaigns), former CEO of Fannie Mae, and as such a big buyer of Countrywide loans. He's a guy who sits on a bunch of corporate boards, etc.

Outrage: "That reeks most high," said Bonnie Russell, a public relations specialist and vocal critic of Mr. Mozilo, according to the Sun. "Where's the 'change to believe in' if they're playing the same old game using the same old players?"

The sanctimonious Obama, before he was called on his bullshit:



Man...He sure sounded angry about Countrywide...In a stuttering and babbling kinda way. And note the boos from the Obamamaniacs.

Well...here's what the Obamamaniacs were saying before Obama's outrage and hypocrisy blew up in his double-speaking face (taken from Obama's community forum on his own website):

You know who Countrywide is...the biggest predatory mortgage rapists of them all.So you can bet your bottom dollar if Penn is tied to them...at the very least,the Clintons knew about it.

Hillary Clinton's Chief Strategist is connected to Countrywide Financial, raper of the Black community in the mortgage loan crisis, and Blackwater, raper of the public tax dollars that have this country in so much debt because of their murderous deeds....Why aren't we yelling this from the roof tops!! Why is Obama sitting on this?

And here's Obama's take now. He doesn't sound nearly so sanctimonious or outraged. He just sounds like a retard:



And in case you weren't paying attention...The Cliff notes:



Hey...Obamamaniacs, why aren't you yelling from the roof tops!!?? Why is Obama just sitting on this? Perhaps it's because your boy now has to eat his own bullshit. Just like you've been eating it.

This is not the Countrywide Obama once knew.

VOICES FROM THE BLOGOSPHERE: WHAT DID SHE GET FOR $20 MILLION?

The Big Feed is proud to present this article from the esteemed Robert Stacy McCain who writes for the blog, THE OTHER MCCAIN.

Reprinted with full permission.

What did She get for $20 million?

Hillary should demand a refund:

Clinton aides continued to insist that she will remain in the race even while confirming that she is $20 million in debt. "The voters are going to decide this," senior adviser Howard Wolfson said on "Fox News Sunday," acknowledging the $20 million figure. . .

As of a month ago, most of that debt was reportedly owed to the firm of former Clinton top strategist Mark Penn:

A source who has had close connections with Penn got word to me that he believes the Clinton campaign is $10 million in debt to Penn, Schoen & Berland, which is owned by Burson-Marsteller. The campaign's March report to the Federal Election Commission recorded indebtedness to the company of nearly $2.5 million (with its expenses for the month listed at $3.1 million).
My sources suggest that Clinton's full indebtedness may be revealed only gradually. This money link helps explain why Penn is still around even though organized labor demanded his scalp last summer and he is blamed inside the campaign for failing to perceive the public's demand for "change."
Just how much money Clinton owes Penn could cause major difficulties. If not repaid
promptly, would it constitute an illegal financial contribution? Because the British WPP owns Burson-Marsteller, would that debt constitute an illegal foreign contribution?

This is one of my pet peeves about political professionals in both parties. The top operatives get rich running campaigns, and they get paid whether the candidates win or lose. There is a built-in bias for operatives to respond to every problem in the campaign by saying, "The solution is to give me more money." The pollsters always want more money for polling, the media strategists want more money for ads, etc.

What results is a high "burn rate" -- spending campaign funds as fast, or faster, than they come in. These contributions often come from true-believer types, in response to "urgent" appeals to the effect of, "Help us save America!"

Those donors are getting ripped off, if that money goes mainly to line the pockets of some bigshot operative. And how can a candidates, in good conscience, ask students and housewives to work as unpaid volunteers while, at the same time, the campaign is pouring out millions in fat fees to expensive consultants? The consultants, strategists, and pollsters get paid, win or lose.

I've said it before, and I'll say it again: There are McMansions in Virginia horse country -- and yachts on the Chesapeake Bay -- that were paid for with consulting contracts on losing campaigns.