From abcnews Political Punch by Jake Tapper: "June 10, 2008 11:42 AM
ABC News' Sunlen Miller today asked Sen. Barack Obama, D-Illinois, how he could "rail against Countrywide Financial Corp as an example of insiders and today's economy while your VP search is headed by someone who got questionable loans from Countrywide?" (This is an issue we wrote about earlier today.)
"And in addition," Miller continued, "another person on that same VP search team – Eric Holder -- has also been involved in the Marc Rich scandal."
"Well, look," Obama said, "the, the, I mean - first of all I am not vetting my VP search committee for their mortgages, so you’re gong to have to direct -- "
"But shouldn’t you?" asked Miller.
"Well, no," Obama said. "It becomes sort of a, um, I mean, this is a game that can be played - everybody, you know, who is tangentially related to our campaign, I think, is going to have a whole host of relationships -- I would have to hire the vetter to vet the vetters. I mean, at some point, you know, we just asked people to do their assignments.
"Jim Johnson has a very discrete task," Obama continued, "as does Eric Holder, and that is simply to gather up information about potential vice presidential candidates. They are performing that job well, it’s a volunteer, unpaid position. And they are giving me information and I will then exercise judgment in terms of who I want to select as a vice presidential candidate.
"So this – you know, these aren’t folks who are working for me," Obama said. "They're not people you know who I have assigned to a job in a future administration and, you know, ultimately my assumption is that, you know, this is a discreet task that they're going to performing for me over the next two months."
You can watch some of this press conference HERE.
Did I read that correctly? Did Obama claim that Johnson and Holder -- two of the three people heading up his VP search committee -- aren't "work"ing for him?
I suppose that's because they're unpaid, but my stars, that's a lot of high-level, time-consuming sensitive effort to not be considered "working" for Sen. Obama.
- jpt
UPDATE: Sen. John McCain presidential campaign spokesman Tucker Bounds just pounced on this, saying “It’s preposterous for Senator Obama to claim that the leader of his VP selection committee isn’t working for him. Barack Obama has castigated Countrywide Financial, but now that Jim Johnson has been exposed for taking sweetheart deals from Countrywide’s CEO - Obama is in a state of denial. It’s that brand of weak leadership and hypocrisy that shows why Barack Obama has no record of taking courageous stands or making change in Washington.”
Showing posts with label Obama's and ethics. Show all posts
Showing posts with label Obama's and ethics. Show all posts
Tuesday, June 10, 2008
Obama's VP Screener has Ties to Controversial CountryWide Financial
From abcnews Political Punch by Jake Tapper: June 10, 2008 9:36 AM
"That's the problem with bringing a Washington, DC, insider on board. They're sometimes covered with the goop from the insides of Washington.
What's the big deal about Obama campaign fundraiser/Vice President selection committee member Jim Johnson getting $7 million in loans from Countrywide Financial Corp.? (As the Wall Street Journal reported Saturday and the New York Sun's Josh Gerstein followed up on.).
Mortgages with rates below market averages, including "a $5 million home equity line of credit against a house in Ketchum, Idaho, a 5.25% loan of $1.3 million for a home in Palm Desert, Calif., and a 3.875% loan of $971,650 for a home in Washington, D.C." Mortgages set up through an informal program for friends of the company's CEO, Angelo Mozilo.
The problem is, Obama critics say, perception and hypocrisy. Obama had railed against Countrywide and Mozilo, and his campaign had impugned Sen. Hillary Clinton, D-NY, for taking money from Countrywide lobbyists and for allowing a senior campaign adviser to simultaneously do work for Countrywide.
**
Campaigning in Pennsylvania in March, Sen. Barack Obama, D-Illinois, assailed mortgage giant Countrywide Financial Corp., for embodying the economic and political culture dominated by corporate lobbyists and insiders.
"Countrywide Financial," Obama said. (Watch HERE.) "This is a company that is as responsible as any firm in the country for the housing crisis we're facing today. When Countrywide Financial was sold a few months ago, its top two executives got a combined $19 million. These are the folks who are responsible for infecting the economy and helping to create a home foreclosure crisis….They get a $19 million bonus while people are at risk of losing their home. What's wrong with this picture?"
("They" are Mozilo and the president of Countrywide, David Sambol.)
Around that time the Obama campaign also criticized Clinton for affiliations with Countrywide.
In the Washington Post: "Obama aides also said Clinton is in no position to stiffen oversight after taking contributions from mortgage industry lobbyists, including funds from representatives of Countrywide, which has been at the center of the mortgage meltdown. '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,' campaign manager David Plouffe said."
On MSNBC, senior Obama strategist David Axelrod criticized how senior Clinton strategist Mark Penn had consulted for Countrywide. "She's stuck him with him through the revelation that his firm was working for Blackwater and working for Countrywide," Ax said (watch HERE.) "And, you know, so, it’s kind of stunning. Remember that the embassy said they weren't sure whether he was there as a representative of his firm or a representative of Senator Clinton. I mean, I think there are issues associated with this. I'm not - you (Keith Olbermann) can use the word hypocrisy, but there are certainly questions that arise from this."
**
Yesterday McCain told Fox News that the presence of Johnson on the Obama campaign "suggests a bit of a contradiction talking about how his campaign is going to be not associated with people like that. Clearly he is very much associated with that."
Shot back the Obama campaign, through spox Tommy Vietor, "It’s the height of hypocrisy for the McCain campaign to try and make this an issue when John Green, one of John McCain’s top advisors, lobbied for Ameriquest, which was one of the nation’s largest subprime lenders and a key player in the mortgage crisis. As President, Senator Obama will crack down on fraudulent lenders and bring real relief to Americans struggling in the grip of the housing crisis—the kind of change that works for the American people.”
The Obama campaign through talking points first reported at Mark Halperin's The Page call this story "overblown and irrelevant...This an overblown story about what appear to be completely above-board transactions. The Wall Street Journal even admits that they don’t have a story-noting that it’s 'impossible' to know the factors that went into these arrangements."
(Note: the Wall Street Journal admits no such thing.)
Continue the talking points: "Americans know that we face a critical choice in this race-and isn’t about the terms of an outside advisor’s loans. This race is about leadership, and which candidate will crack down on fraudulent lenders and bring real relief to Americans struggling in the grip of the housing crisis. Barack Obama has offered a real solution to the housing crisis-John McCain hasn’t."
"That's the problem with bringing a Washington, DC, insider on board. They're sometimes covered with the goop from the insides of Washington.
What's the big deal about Obama campaign fundraiser/Vice President selection committee member Jim Johnson getting $7 million in loans from Countrywide Financial Corp.? (As the Wall Street Journal reported Saturday and the New York Sun's Josh Gerstein followed up on.).
Mortgages with rates below market averages, including "a $5 million home equity line of credit against a house in Ketchum, Idaho, a 5.25% loan of $1.3 million for a home in Palm Desert, Calif., and a 3.875% loan of $971,650 for a home in Washington, D.C." Mortgages set up through an informal program for friends of the company's CEO, Angelo Mozilo.
The problem is, Obama critics say, perception and hypocrisy. Obama had railed against Countrywide and Mozilo, and his campaign had impugned Sen. Hillary Clinton, D-NY, for taking money from Countrywide lobbyists and for allowing a senior campaign adviser to simultaneously do work for Countrywide.
**
Campaigning in Pennsylvania in March, Sen. Barack Obama, D-Illinois, assailed mortgage giant Countrywide Financial Corp., for embodying the economic and political culture dominated by corporate lobbyists and insiders.
"Countrywide Financial," Obama said. (Watch HERE.) "This is a company that is as responsible as any firm in the country for the housing crisis we're facing today. When Countrywide Financial was sold a few months ago, its top two executives got a combined $19 million. These are the folks who are responsible for infecting the economy and helping to create a home foreclosure crisis….They get a $19 million bonus while people are at risk of losing their home. What's wrong with this picture?"
("They" are Mozilo and the president of Countrywide, David Sambol.)
Around that time the Obama campaign also criticized Clinton for affiliations with Countrywide.
In the Washington Post: "Obama aides also said Clinton is in no position to stiffen oversight after taking contributions from mortgage industry lobbyists, including funds from representatives of Countrywide, which has been at the center of the mortgage meltdown. '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,' campaign manager David Plouffe said."
On MSNBC, senior Obama strategist David Axelrod criticized how senior Clinton strategist Mark Penn had consulted for Countrywide. "She's stuck him with him through the revelation that his firm was working for Blackwater and working for Countrywide," Ax said (watch HERE.) "And, you know, so, it’s kind of stunning. Remember that the embassy said they weren't sure whether he was there as a representative of his firm or a representative of Senator Clinton. I mean, I think there are issues associated with this. I'm not - you (Keith Olbermann) can use the word hypocrisy, but there are certainly questions that arise from this."
**
Yesterday McCain told Fox News that the presence of Johnson on the Obama campaign "suggests a bit of a contradiction talking about how his campaign is going to be not associated with people like that. Clearly he is very much associated with that."
Shot back the Obama campaign, through spox Tommy Vietor, "It’s the height of hypocrisy for the McCain campaign to try and make this an issue when John Green, one of John McCain’s top advisors, lobbied for Ameriquest, which was one of the nation’s largest subprime lenders and a key player in the mortgage crisis. As President, Senator Obama will crack down on fraudulent lenders and bring real relief to Americans struggling in the grip of the housing crisis—the kind of change that works for the American people.”
The Obama campaign through talking points first reported at Mark Halperin's The Page call this story "overblown and irrelevant...This an overblown story about what appear to be completely above-board transactions. The Wall Street Journal even admits that they don’t have a story-noting that it’s 'impossible' to know the factors that went into these arrangements."
(Note: the Wall Street Journal admits no such thing.)
Continue the talking points: "Americans know that we face a critical choice in this race-and isn’t about the terms of an outside advisor’s loans. This race is about leadership, and which candidate will crack down on fraudulent lenders and bring real relief to Americans struggling in the grip of the housing crisis. Barack Obama has offered a real solution to the housing crisis-John McCain hasn’t."
Subscribe to:
Posts (Atom)