It turns out that Jim Johnson was not the man Barack Obama thought he knew. The presumptive Democratic Presidential nominee threw the former Fannie Mae CEO over the side as his Vice Presidential vetter yesterday, only a day after he'd said that Mr. Johnson was only "tangentially related" to his campaign and that criticism was a "game that can be played."
Mr. Johnson was cast off after the Journal disclosed that he had received sweetheart loans from Countrywide Financial – the very firm that Mr. Obama has specifically excoriated for its role in the mortgage meltdown. The press corps will now move on to other things, but this is more than a campaign issue. The disclosure about Mr. Johnson and his successor as Fannie CEO, Franklin Raines, raises serious questions about the extent to which favorable mortgage pricing contributed to Countrywide's rise and fall. At a minimum, a regulatory probe is warranted.
As for Mr. Obama, Mr. Johnson now joins an intriguing and growing list of Mr. Obama's ex-associates that includes the Reverend Jeremiah Wright, Father Michael Pfleger, and former terrorist bomber William Ayers. We might call this list eclectic, except that there is a consistent pattern of bad judgment followed by an initial defense, then followed by rapid disassociation and regret that none of them were the men Mr. Obama "knew."We can only wonder if Eric Holder, who is also among Mr. Obama's veep vetters, will be the next to join this club. As Deputy Attorney General in the Clinton Administration, he played a role in the Marc Rich pardon that also deserves to be fully vetted – all the more so if Mr. Holder is on the short list to be Mr. Obama's Attorney General. Caroline Kennedy, the other member of Mr. Obama's veep vetting team, has probably already inherited a stack of files from Mr. Johnson. She might want to take a peek at Mr. Holder's too
barack obama is the man. he is way smart and to make a couple mistakes in a whole bunch of speeches is pretty good. i couldnt do that.
if i was able to vote and an american id definitly vote for obama