Most folks are attributing Barack Obama’s win to the mortgage scandal that led to the economic crisis. Until Lehman Brothers collapsed in mid-September, John McCain was ahead in the polls. But the Democrat-led scandal and the resulting, collective blame wrongly thrown towards the Bush administration and Republicans in general ushered in an environment that fit perfectly into Senator Government’s “hope ‘n change” mantra.
But in hindsight, given that so many people who had incentive to see Obama win were instrumental in allowing or causing the economic crisis to happen in the first place, one has to wonder if this preventable economic crisis was part of a broader campaign to elect the most liberal, most inexperienced candidate with ties to radical 1960s anti-establishment players.
It might’ve seemed like a ridiculous question until you add up all the pieces…
Aside from the Democrats who controlled the Banking and Finance committees in Congress (and those who illegally got sweetheart loans), who was part of Obama’s political inner circle? James A. Johnson and Franklin D. Raines, former chief executives of Fannie Mae.
And now, Obama has chosen as his Chief of Staff Rahm Emanuel, the Chicago political machine insider who sat on the Board of Freddie Mac while the mortgage scandal was brewing.
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.
The Board upon which Emanuel sat was accused by the regulator, Office of Federal Housing Enterprise Oversight (OFHEO), with “having “failed in its duty to follow up on matters brought to its attention.”
So we have the biggest economic crisis in our country since the Great Depression and it turns out to be the single biggest factor in the election and the folks who made it and let it happen all have ties to the winning candidate.
Is this part of the Hope or part of the Change?
To put things in perspective, when President Bush was faced with the issue of corporate scandals that involved acquaintances, he went after them and put them away. Barack Obama goes after them… and offers them jobs.