Monday, November 10, 2008

First choice, no Change

Barack Hussein Obama's first choice to start his cabinet picks should be a hint of what's to come. As Chief of Staff he picked Illinois crony, Rahm Emanuel. Emanuel's CV shows that change is not going to come in the form of the messiah's team. Bubba appointed Emanuel to Freddie Mac board. A Bubba appointee, not off to a good start. Emmanuel served on Freddie's board during the time when billions of dollars were misrepresented in profits in order to make the firm look better to investors. This was, many believe, the downward turn that brought the housing market crashing down, requiring a &$700 BILLION bailout from the taxpayers. The entire board that Emmauel sat on was criticized by the oversight group (OFHEO) in 2003. They also stated in their report that the board had been apprised of the suspect accounting tactics but "failed to make reasonable inquiries of management."
Now Emmanuel states that as Chief of Staff "he will work with President-elect Obama and his economic advisers to help ensure we protect taxpayers and homeowners." (quoted from Emmanuel's spokesperson). Where was his desire to protect the taxpayers and homeowners when it was his ONLY APPOINTED DUTY??? What exactly did he do while on the board of Freddie Mac? Apparently enough to rank him 10th on Freddie Mac's political campaign contribution list. Nacy Pelosi, ranked 7th, has assured Emanuel that there will be no investigations. BHO, the chosen one, ranked 2nd, only behind Dodd.
A bubba appointee who served under bubba (no pun intended, as far as I know) for 6 years as a top advisor. Known throughout DC as a tough "brass knuckles" and "sharp elbows" Chicago style political enforcer, this is who BHO has chosen as his first agent of Change. So much for that idea.


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