Emanuel dynamics & Freddie Mac

 11.9.08  UPDATE

Thanks to these sources we also know Rahm Emanuel was on the board of Freddie Mac during a time when there was wrongdoing:

http://newsbusters.org/blogs/noel-sheppard/2008/11/07/truth-leaks-begin-emanuel-was-director-freddie-mac

http://www.onenewsnow.com/Blog/Default.aspx?id=314194

“President-elect Barack Obama’s newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot “red flags,” according to government reports reviewed by ABCNews.com.”

 http://abcnews.go.com/Blotter/story?id=6201900&page=1

 

 

Obama Administration Takes Shape

Campaign Finance Investigation Moves Forward

by Allan Erickson

It is not unfair or unkind to assert we have elected the most unqualified and unknown person President of these United States, and now we are finding out just what we purchased.

Though the price tag is yet unknown, we know it will be expensive.

The Obama administration is taking shape rapidly and the real face of the executive branch is now being revealed.  What seems dispiriting, even to some of the Left, is the former rhetoric appears to contradict the present reality.

Obama told us we should vote for him because he will change Washington, he will challenge the old partisan politics as usual, he will confront special interests and turn our bitter adversarial politics into a more mature, inclusive, unifying model.

Then he selected a vice presidential running mate, one of the most vitriolic leftwing, partisan, entrenched Washington insiders ever to clatter down the halls of the Capitol building, a man so full of anger and prone to slander, it is doubtful he can even see the aisle much less reach across it.

Signal one: the gloves come off, it’s war.

Immediately after being elected, President Elect Obama appoints a White House Chief of Staff, naming Rahm Emanuel.   Reportedly, the Chief of Staff for the President needs to be someone who can advise the President on policy, and carry out policy, and that always means getting agreement through building coalitions.  It is said all that requires an effective, diplomatic people person who uses muscle as a last resort.

Writing on Wednesday, Ezra Klein states:

“Emanuel is a brawler. He’s legendarily tough and effective and ruthless. He’s the type of guy who makes enemies, then makes lists of his enemies, then makes lists of his enemies’ friends, then makes lists of how they’ll pay. If you thought the Obama administration would be all about bringing people together and would simply make sad faces when stubborn congressmen refused to come to the table, this is a clear sign otherwise. If good feelings don’t suffice, bareknuckle politics will happily be employed.”

http://www.prospect.org/csnc/blogs/ezraklein_archive?month=11&year=2008&base_name=rahm_emanuel

For more insight, this blog offers stunning evidence the ride ahead will be wild!

The five most infamous Rahm Emanuel moments

“Today, former Clinton advisor and Illinois Rep. Rahm Emanuel accepted Barack Obama’s offer to be chief of staff for the incoming president. If Emanuel’s appointment is a signal of anything, it is that the genteel, arugula-eating president-elect is coming to play hardball.”

1. Mailing a Dead Fish

2. Fundraising the Bugsy Siegel Way

3. Nearly Losing His Finger

4. Threatening Tony Blair

5. Knifing the Dinner Table

http://blog.foreignpolicy.com/node/10236

Paul Begala, colleague of Rahm (both Bill Clinton servants and faithful partisans) characterizes Emanuel’s style as a “cross between a hemorrhoid and a toothache.”   More detail re: Emanuel—six years at Clinton’s side during that presidency, consults with Clinton monthly. 

Excerpt:  When it comes to slicing and dicing his Republican foes, Emanuel applies a Chicago pol’s sensibility that recalls that famous “Untouchables” line: “He pulls a knife, you pull a gun; he sends one of yours to the hospital, you send one of his to the morgue.”

 http://money.cnn.com/magazines/fortune/fortune_archive/2006/10/02/8387515/index.htm

The NY Times reports further on Rahm Emanuel:

“An investment banker for three years after leaving the White House and before being elected to the House. He banked $16 million while handling mergers and acquisitions with an emphasis on utilities. Mr. Emanuel’s stint in high finance and his experience in the banking world opens him to some criticism of being too allied with Wall Street, not the image Democrats want to cultivate these days. Critics have asserted he was only able to succeed in the banking world because of his political connections. Since he is part of the Daley circle, Mr. Emanuel’s appointment as chief of staff could also create the appearance of a White House that is too Chicago heavy. His manner can also create enemies, and Mr. Emanuel has ruffled the feathers of many on Capitol Hill, particularly black and Hispanic lawmakers.”

http://www.nytimes.com/2008/11/06/us/politics/06emanuel.html

Signal two: fall in line, or pay the price, AND, ignore the fact Mr. Emanuel is a Washington insider who made a fortune in mergers and acquisitions thanks to political connections, that he alienates Blacks and Hispanics, but, believe he will lead the charge to reform the economy, confront cronyism, and unify the country, bridging racial divides.  Yes, he can?!

Get the picture.   It’s already a circus.

Finally, President Elect Obama is putting together an economic advisory panel. 

http://www.nytimes.com/2008/11/06/us/politics/08transition.html?hp

One of those invited to the meeting today in Chicago, Michigan Governor Jennifer Granholm.

“Ms. Granholm is a strong proponent of a stimulus package in the lame-duck Congressional session. Previewing her advice to Mr. Obama, she sent a letter to Congressional leaders on Thursday urging them to finance public infrastructure projects, extend unemployment and food stamp benefits and provide aid to states and the troubled auto industry.”

Concerning this Stimulus Package:

“When the credit crisis boiled over in September, bringing the financial system to the brink of collapse and leading Congress to pass a $750 billion bailout package, Democrats began to push for a second round of stimulus.

” (the)  new package, which could cost between $150 and $300 billion, called for providing tax relief in some form for families, the goal being to step up their spending, as the rebates were intended to do earlier this year. In addition, unemployment insurance benefits would be extended beyond 39 weeks and the food stamp program would expand. Both would channel money to people who would probably spend every penny to meet their needs. But the biggest chunk, perhaps as much as $150 billion, would go to states and cities to sustain their everyday spending. President Bush and many Republicans opposed the package.”

http://topics.nytimes.com/top/reference/timestopics/subjects/u/united_states_economy/economic_stimulus/index.html?inline=nyt-classifier

Signal three:  grab your wallet! (Wait, what happened to my wallet?!)

Speaking of wallets . . .

Obama Fundraising Sealed Election Win

Excerpt:

Frederick W. Rustmann Jr., the former CIA operations officer, told Newsmax: “Hillary and McCain demanded proof of citizenship of all their donors. Obama did not, so he benefitted by receiving an enormous amount of money from foreign donors who wanted to influence the U.S. election process.”

The conservative Heritage Foundation has taken the first step in what could be an in-depth investigation of Obama’s fundraising efforts, demanding that the FEC audit the Obama campaign.

The foundation issued a release on Tuesday declaring: “No doubt there is great ‘cause’ to be concerned about Obama’s fundraising effort.”

The foundation also pointed to a test by the independent National Journal to determine the veracity of allegations that the Democrat’s online fundraising system literally was designed to facilitate fraud.”

http://www.newsmax.com/insidecover/obama_fundraisng/2008/11/05/148218.html?s=al&promo_code=708C-1

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