Emanuel tied to Freddie Mac collapse; Update: The numbers for Emanuel

posted at 11:30 am on November 7, 2008 by Ed Morrissey

During the campaign, Barack Obama had to fight off assertions that Freddie Mac and Fannie Mae had him in their pocket while the two GSEs committed fraud and declined to their collapse.  Obama didn’t help that perception when he chose Jim Johnson, Fannie Mae’s former CEO and chair, as the leader of his VP search committee, a position Johnson resigned shortly afterwards.  Now ABC reports that Obama’s new chief of staff, Rahm Emanuel, sat on the board of Freddie Mac during the critical period:

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.

According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.

Emanuel was not named in the SEC complaint (click here to read) but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) (click here to read) of having “failed in its duty to follow up on matters brought to its attention.”

Emanuel’s action, or lack of it, came during a time when the SEC says Freddie Mac misrepresented its income to investors in order to maintain its price.  In other words, they committed fraud.  The SEC specifically notes that Freddie did this in 2000, 2001, and 2002, and Emanuel sat on the board in 2000-2001.

This is no small matter.  Had this happened when Sarbanes-Oxley was in effect, Emanuel would have had to sign off on those numbers under penalty of perjury.  He could be liable for criminal prosecution.  As it is, his actions and omissions as a board member may still result in civil and criminal liability, if the SEC discovers that he had a hand in the fraud committed at Freddie Mac, or if Emanuel knew about it and failed to act to stop it.

For an incoming administration that ran on cleaning up the greed on Wall Street, the selection of Emanuel speaks a lot louder than any campaign promises.  One might think that anyone who sat on the boards of Fannie Mae and Freddie Mac while the two GSEs cooked the books and set the stage for global financial collapse should at least be considered political poison for any appointment, let alone one as significant as White House Chief of Staff — if nothing else, then at least on the basis of competence.  Instead, it looks like Obama is bringing the Chicago Way to Pennsylvania Avenue.

Hope and change, indeed.

Update: Business & Media Institute notes the numbers on Emanuel and Freddie Mac:

“Clinton’s going-away gift to Emanuel was a seat on the quasi-governmental Freddie Mac board, which paid him $231,655 in director’s fees in 2001 and $31,060 in 2000,” Lynn Sweet wrote for the Chicago Sun-Times on Jan. 3, 2002.

During the time Emanuel spent on the board, Freddie Mac was plagued with scandal involving campaign contributions and accounting irregularities. Freddie Mac and its sister organization Fannie Mae were taken over by the federal government in September 2008 after years of mismanagement and scandal. Treasury Secretary Henry Paulson put the two beleaguered GSEs into a conservatorship, stripping common stock shareholders of their rights to govern the companies. …

“Freddie Mac was accused of illegally using corporate resources between 2000 and 2003 for 85 fundraisers that collected about $1.7 million for federal candidates,” an Associated Press story from April 18, 2006 said. “Much of the fundraising benefited members of the House Financial Services Committee, a panel whose decisions can affect Freddie Mac.”

And, since his successful run for the House of Representatives in 2002, Emanuel has been the beneficiary of campaign cash from Freddie Mac and its sister organization Fannie Mae – $51,750 according to the Center for Responsive Politics Web site OpenSecrets.org.

That’s certainly something to keep in mind while recalling the promises by Barack Obama to change the way business gets conducted in Washington.


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His VP and Chief of Staff are two of the biggest Washington insiders you could name. It’s a flipping joke.

Sir Corky on November 7, 2008 at 11:32 AM

“SURPRISE, DUMB@#$!!!” – Walter

*eats*

Grue in the Attic on November 7, 2008 at 11:33 AM

Obama will never allow him to be prosecuted. Exit question:

Will the Obama Administration fire all of the US Attorneys like Clinton? Will there be investigations on the PURPOSE of the firings?

broker1 on November 7, 2008 at 11:33 AM

Freddie Mac should be on our lips as oft as Halliburton was on theirs, folks.

Never forget the corruption from the start, and the guilt attached to people like this ultra-partisan douchebag.

MadisonConservative on November 7, 2008 at 11:33 AM

What Palin didn’t misspell a word?
This just shows that Obama has little to lead with. He has to reach into his bag of “old guard” to help him run the country…nothing new will come from him, because he is old politics, in a new suit.

right2bright on November 7, 2008 at 11:34 AM

Ed, I’m disappointed in you for dragging this up.

This is all in the past now. America needs to put this kind of muck-raking politics behind it and start anew. Unite for the good of the country,yes?

EnglishMike on November 7, 2008 at 11:34 AM

Obama is committed to ensuring that people who can’t afford houses get them, whatever the consequences, it seems. He was silent during the initial stages of the financial meltdown for a reason.

ProfessorMiao on November 7, 2008 at 11:34 AM

As it is, his actions and omissions as a board member may still result in civil and criminal liability, if the SEC discovers that he had a hand in the fraud committed at Freddie Mac, or if Emanuel knew about it and failed to act to stop it.

Yeah right. *IF* doesn’t stick to the Dems, particularly with them in control of legislative and executive branches.

Marine_Bio on November 7, 2008 at 11:34 AM

Another nail in the “Change is just more of the same” coffin.

eforhan on November 7, 2008 at 11:34 AM

Thanks Grue, you got leper messiah stuck in my head.

Marine_Bio on November 7, 2008 at 11:35 AM

These are just “distractions” from what people are really wanting to hear—namely Income Re-Distribution!!!!

Delaware Vol on November 7, 2008 at 11:36 AM

Of course most of us who follow talk radio and the blogosphere already knew this. Just odd that the MSM is reporting these things AFTER Obama has been elected.

carbon_footprint on November 7, 2008 at 11:36 AM

It’s a smart pick, if you believe Obama is Machiavellian.

In other words….it’s a smart pick, because Rahm is a smart p*ick.

aquaviva on November 7, 2008 at 11:36 AM

Yup. I’ve been saying that I won’t succumb to the same deranged conduct we saw on the part of the Dems, because I think it hurts the country. However, I WILL hold the Dems accountable for everything they do, and make sure everyone knows when they’ve screwed up.

Starting with this.

juliesa on November 7, 2008 at 11:37 AM

His VP and Chief of Staff are two of the biggest Washington insiders you could name. Ithe’s a flipping joke.

Sir Corky on November 7, 2008 at 11:32 AM

FIFY

MarkTheGreat on November 7, 2008 at 11:37 AM

All pigs are equal, some are more equal than others. This one needs to pay some property taxes instead of hiding behind a tax exempt organization. If his house is his office for tax exempt purposes, then he and his family shouldn’t be allowed to live in it.

DAT60A3 on November 7, 2008 at 11:37 AM

With Rahm Emanuel’s boyhood ballet training, he’ll easily dance around any sort of outcry about his being present at the creation of the current Fanny/Freddie mess.

coldwarrior on November 7, 2008 at 11:38 AM

Change you can believe in.

lodge on November 7, 2008 at 11:38 AM

You mean the MSM will actually start reporting stuff?

I’m guessing they realized that now that the One is in the WH and Dems are in charge they actually have nowhere else to dig.

I’m waiting for them to link Rahm to the sex predator Mahoney (D-FL) and how long ago he knew about the payoffs.

Don’t really care though, once the One or congress tries to pass ANY of their leftist ‘dream’ bills they will find out exactly how conservative the populace is.

phat on November 7, 2008 at 11:39 AM

Will the Obama Administration fire all of the US Attorneys like Clinton? Will there be investigations on the PURPOSE of the firings?

broker1 on November 7, 2008 at 11:33 AM

He won’t need to. Bush was an idiot and kept most of the Clinton holdovers at all levels of his administration.

Lehosh on November 7, 2008 at 11:39 AM

NOW the news media is doing its job! A$$holes.

Mallard T. Drake on November 7, 2008 at 11:39 AM

Fannie Mae will be the gift that keeps on giving; won’t it?

lorien1973 on November 7, 2008 at 11:40 AM

This is not the Rahm Emanuel I thought I knew. Now where’d I park that damn bus?

I have to say, I didn’t expect anything this good this soon. I was envisioning sitting at my computer for the next couple of years, refreshing the HA homepage every couple of minutes, waiting for something like this.

And methinks this won’t be the last such story.

EnglishMike on November 7, 2008 at 11:40 AM

Racists. All of ya.

haikusrock on November 7, 2008 at 11:40 AM

First hire…first fire…

right2bright on November 7, 2008 at 11:40 AM

Just living up to our expectations!! So much for the DC political gene pool, when you and your inner circle, your trusted associates and friends are so slimey. Same old, same old; just younger, “cleaner”, & smoother.

ellenb on November 7, 2008 at 11:40 AM

Maybe now the MSM will finally investigate the Democrats cuplability in the collapse of Fan and Fred. Why wouldn’t they, all the cuplrits have been safely reelected and are safe from prosecution. And if they do it now the public will have forgotten by 2010 when they come up for reelection again.

DerKrieger on November 7, 2008 at 11:41 AM

I was hoping for all of these people involved in F&F to go to jail, but that is sooooooooo not going to happen now.

mindhacker on November 7, 2008 at 11:41 AM

EnglishMike on November 7, 2008 at 11:34 AM

Yes ED should bring this up. This isn’t about POLITICS this is also about peoples lives concerning their HOMES!

I was effected, Ed actually blogged about his home and how he was effected. You obviously do NOT get it!

upinak on November 7, 2008 at 11:41 AM

Used to be that Washington pols were merely pickpockets, but we’re going to Full Gangsta Mode now!

If we want to go full Kos/DU:

!!!!LEHMAN WAS OBAMA’S REICHSTAG!!!!!

If not then for now, we can wait and see where Gorelick and Pritzker land…

SlimyBill on November 7, 2008 at 11:41 AM

SHOCKA!

Idfaciam on November 7, 2008 at 11:41 AM

The selection of Emanuel speaks a lot louder than any campaign promises.

Sorry, this’ll be swept under the rug like everything else.

Keep your eye on all that goes on, but bide your time, Obama will make a “major” screw up (see: one MSM can’t ignore) in due time.

dugan on November 7, 2008 at 11:42 AM

The GOP needs to be as ruthless as the Dems. Playing the dolphin in an ocean of sharks just gets you killed.

DerKrieger on November 7, 2008 at 11:42 AM

The Peter Principle is the principle that “In a Hierarchy Every Employee Tends to Rise to His Level of Incompetence.”

So you think this only applies to the free market? Of course, there is some debate whether greed or incompetence is at play here, but eventually they all rise.

PS; Where’s my check?

Mr_Magoo on November 7, 2008 at 11:42 AM

Too little too late. Obama will be appointing a new SEC Director.

The SEC specifically notes that Freddie did this in 2000, 2001, and 2002, and Emanuel sat on the board in 2000-2001.
This is no small matter. Had this happened when Sarbanes-Oxley was in effect, Emanuel would have had to sign off on those numbers under penalty of perjury.

Sarbanes was signed into law in 2002. Rahm, smooth dancer that he is, got off the board at the end of 2001!

Everyone that fleeced Enron went to prison for cooking the books. All the Dems that fleeced Fannie and Freddie kept their millions after cooking the books. Coincidence, I think not.

patrick neid on November 7, 2008 at 11:42 AM

Most of my friends were Obama voters. No matter what I said, they didnt care. This wont make a difference to them either.

What I did tell them, that gave them pause, is that to be fair, I will give them until Sept 11, 2009, and then I will s$%t on them for anything and everything, as it is the most they gave Pres.Bush a free ride. They shut their mouths and looked nervous.

Everything after is Obamas fault, just like it was Pres. Bush’s. It seemed to shut them up. Maybe it will work for you too.

tottoritodd on November 7, 2008 at 11:42 AM

The public does not care how culpable the Dims were for this situation. The election should have proved that beyond a reasonable doubt.

Speedwagon82 on November 7, 2008 at 11:43 AM

Thanks Grue, you got leper messiah stuck in my head.

Marine_Bio on November 7, 2008 at 11:35 AM

I would be happy to have that song running through every metal fan’s head for the next four years. >:)

*eats*

Grue in the Attic on November 7, 2008 at 11:43 AM

Hmm

dablob on November 7, 2008 at 11:44 AM

Not holding my breath that the MSM will do a thing about it.

Just as during the election, this will get a pass.

batter on November 7, 2008 at 11:45 AM

Sorry, this’ll be swept under the rug like everything else.

dugan on November 7, 2008 at 11:42 AM

Anything that doesn’t help a “successful administration” gets the broom. Slaves used to jump the broom when they got married. Seems appropriate that the MSM and the Obama administration will jump, too. After all, the MSM has been humping their leg for some time now.

I know what’s coming (and it begins with an “R”)

Mr_Magoo on November 7, 2008 at 11:45 AM

“Oh, please lock up Emmanuel”
…to the tune of “O come, O come, Emmanuel”

I have a feeling we may start seeing some early Christmas gifts regarding Barry’s bunch. I sure hope so.

kingsjester on November 7, 2008 at 11:46 AM

Obama is committed to ensuring that people who can’t afford houses get them, whatever the consequences, it seems.

It’s part of the agenda.

Quisp on November 7, 2008 at 11:46 AM

EnglishMike on November 7, 2008 at 11:34 AM
upinak on November 7, 2008 at 11:41 AM

Sarc tags, people, use them :)

*eats*

Grue in the Attic on November 7, 2008 at 11:46 AM

Thanks Grue, you got leper messiah stuck in my head.

Marine_Bio on November 7, 2008 at 11:35 AM
I would be happy to have that song running through every metal fan’s head for the next four years. >:)

*eats*

Grue in the Attic on November 7, 2008 at 11:43 AM

Funny, I’ve had “Head Like a Hole” running through my head since NObama got the nomination … ;)

Karen_VA on November 7, 2008 at 11:47 AM

The public does not care how culpable the Dims were for this situation. The election should have proved that beyond a reasonable doubt.

Speedwagon82 on November 7, 2008 at 11:43 AM

The public didn’t care because McCain didn’t press the matter. He let the democrats pin it on republicans.

The media didn’t do it’s job. But worse, McCain didn’t do his.

lorien1973 on November 7, 2008 at 11:47 AM

Can we all assume that we are all being sarcastic when we say blatantly pro-Obama comments? Unless we are the usual suspects.

carbon_footprint on November 7, 2008 at 11:48 AM

It’s part of the agenda.

Quisp on November 7, 2008 at 11:46 AM

Well, there’s my scary moment for the day. I am never looking at that site again. Ever.

Funny, I’ve had “Head Like a Hole” running through my head since NObama got the nomination … ;)

Karen_VA on November 7, 2008 at 11:47 AM

That works too!

*eats*

Grue in the Attic on November 7, 2008 at 11:48 AM

What happened to this post? It was there one minute, and when I returned a few minutes later, it was gone! Now it’s back again.

Anyway, Obama himself had a hand in the meltdown — he was an attorney of record in a “CRA” lawsuit against Citibank by ACORN, which arose because Citibank was using valid financial criteria in determining qualifications for loans, and those criteria were impacting loan-seekers in Chicago. Obama’s team alleged “redlining” for the financial criteria; Citibank’s settlement with ACORN mandated that they enter the subprime market in Chicago — making what we now call NINJA loans. The settlement stipulated (of course) that Citibank admitted no wrongdoing; the situation is, in a nutshell, how ACORN used lawsuits to force banks to enter the subprime market. It was either that they settle, or have the possibility that ACORN would allege noncompliance with CRA when the banks merged or acquired other businesses.

unclesmrgol on November 7, 2008 at 11:48 AM

Everything after is Obamas fault, just like it was Pres. Bush’s. It seemed to shut them up. Maybe it will work for you too.

tottoritodd on November 7, 2008 at 11:42 AM

I disagree. The President must be ready on day 1. No excuses, not now. This world is too dangerous. Hillary ran against Obama on this specific point. Day 1. He must be ready on day 1.

I will give Obama credit when credit is due, but I will be watching him like a hawk. And yes, beginning January 20, he is accountable for the security of this nation.

dugan on November 7, 2008 at 11:49 AM

Obama will never allow him to be prosecuted. Exit question:

Will the Obama Administration fire all of the US Attorneys like Clinton? Will there be investigations on the PURPOSE of the firings?

broker1 on November 7, 2008 at 11:33 AM

Yes and no.

beththebaker on November 7, 2008 at 11:49 AM

No, its Bush’s fault – haven’t you been listening to the msm? If you haven’t heard it yet, don’t worry – it will be repeated endlessly up to and including November 2012.

The good news is that Emmanuel is already causing divisions among the dems, and will end up isolating Obama pretty quickly. The rose garden strategy begins much sooner than with Carter.

Vashta.Nerada on November 7, 2008 at 11:49 AM

I think Rahm is about to be thrown under the bus

ConservativePartyNow on November 7, 2008 at 11:49 AM

Can we all assume that we are all being sarcastic racist when we say blatantly pro-Obama comments? Unless we are the usual suspects.

carbon_footprint on November 7, 2008 at 11:48 AM

That was too easy!

lorien1973 on November 7, 2008 at 11:49 AM

No suprise here.

Dritanian on November 7, 2008 at 11:50 AM

The public didn’t care because McCain didn’t press the matter. He let the democrats pin it on republicans.

The media didn’t do it’s job. But worse, McCain didn’t do his.

lorien1973 on November 7, 2008 at 11:47 AM

I <3 Lorien. McCain let us all down. “He is a decent man, a family man”. Then at the end he asked us all to come together and be nice to the Dems… like he has all of these years.

Punchenko on November 7, 2008 at 11:50 AM

This just freaking kills me.

The manipulation of earnings at Fannie and Freddie should be a HUGE deal. While it did not lead directly to their collapse, it did so indirectly.

These two stocks were once considered among the most gold-plated stocks in the market, and they were owned by virtually every mutual fund and pension fund in the world. Freddie actually UNDERSTATED earnings during this time, in order to “smooth” its earnings and keep them in the predicted range each quarter. The smooth and steady increases of earnings at both Fannie and Freddie fed the perception in the marketplace that they were both exceptionally stable and well managed companies offering steady returns with low risk. This led more investors to buy their debt and their securities, and caused more people to cats a blind eye toward the increasing risk they were taking on.

rockmom on November 7, 2008 at 11:51 AM

The media didn’t do it’s job. But worse, McCain didn’t do his.

lorien1973 on November 7, 2008 at 11:47 AM

Neither did Bush… generally, we don’t fight the smears and lies, so public thinks they are true. It is sooooo frustrating!

beththebaker on November 7, 2008 at 11:51 AM

Hide in plain sight. The best defense.

tarpon on November 7, 2008 at 11:52 AM

This is all in the past now. America needs to put this kind of muck-raking politics behind it and start anew.
EnglishMike on November 7, 2008 at 11:34 AM

“Imagine all the people living life as one. It’s easy if we try.”

Mr_Magoo on November 7, 2008 at 11:52 AM

Ed, I’m disappointed in you for dragging this up.

This is all in the past now. America needs to put this kind of muck-raking politics behind it and start anew. Unite for the good of the country,yes?

EnglishMike on November 7, 2008 at 11:34 AM

Mike:

Ed is only finding it noteworthy that, after a two-year coma, some members of the MSM are beginning to act like honest-to-goodness reporters again. It’ll only be one a month, with puff pieces on the other 353 days, but it’s a start.

The MSM knows they hand-picked this administration — by burying its problems, and poisoning the public perception of the GOP — so expect the coverage to be as hard-hitting as two cotton balls being mushed together.

Unite for the country? Only if it’s GOOD for the country; remember… the fastest way to end a war is to surrender.

VastRightWingConspirator on November 7, 2008 at 11:52 AM

Maybe lame McCain should have mentioned the idea that the pardon power in the hands of Obama would be used to allow all the culprits of the financial meltdown to skate. Oh and the Acorn racketeering? No problem now either.

“Guilty as hell, free as a bird. America is a great country.”

econavenger on November 7, 2008 at 11:53 AM

Of course most of us who follow talk radio and the blogosphere already knew this. Just odd that the MSM is reporting these things AFTER Obama has been elected.

carbon_footprint on November 7, 2008 at 11:36 AM

Exactly. This stuff has been out there for the MSM to report, but they chose not to (for obvious reasons). What’s the point in doing this now? What’s next? Obama doesn’t have any executive (or any) experience? Nobody knows anything about him, other than his two books? He really is a socialist?

Give me a break, too little, too late.

Rick on November 7, 2008 at 11:53 AM

“Imagine all the people living life as one. It’s easy if we try.”

Mr_Magoo on November 7, 2008 at 11:52 AM

HAAAAAAAAAAATE hate hate hate hate hate hate hate hate hate that song……

*eats*

Grue in the Attic on November 7, 2008 at 11:54 AM

I’m pretty sure it’s racist to question The One’s choices.

JohnTant on November 7, 2008 at 11:54 AM

The reason the “leper messiah” will fail, is he will not address the “cause” of the economic turmoil. Now that he has picked emmanuel, there is no way that he can.

PappaMac on November 7, 2008 at 11:55 AM

Emanuel and Barney’s gay lover serving on the same board. My, my, my. One thing about the next four years…It will be entertaining.

sdd on November 7, 2008 at 11:55 AM

Leave the media behind. It’s not important to them, and we can’t change that.

What is our best means of communicating information to people and achieving more influence?

beatcanvas on November 7, 2008 at 11:55 AM

beththebaker on November 7, 2008 at 11:51 AM

Bush had 30% approval ratings. He’s the guy in charge. He knows he goes down with the ship. That’s what being president is all about.

He could only try and fix it. Why he didn’t remind the press that he tried in 2001, 2003, 2005, 2007 to fix it? Who knows.

But at the time, it was too late.

McCain should have castigated Bush & the Democrats for causing this mess and letting it happen.

McCain’s failure will cost this country a lot in the next 4 years.

lorien1973 on November 7, 2008 at 11:55 AM

Rahm Emanuel sat on the board of Freddie Mac during the critical period?

Throw him under the bus.

Appoint Barney Frank instead.

Oh, and Grue? Regarding the sarc tags? I ran out of them and the supplier says that he’s going out of business in anticipation of the tsunami of new taxes.

Guess we’ll just have to be bitter, vile and unsportsmanlike in our opposition to Obama.

Kind of like the BDS folks of yester-administration.

turfmann on November 7, 2008 at 11:55 AM

VastRightWingConspirator on November 7, 2008 at 11:52 AM

I’m pretty sure mike is being sarcastic. Maybe not, but it sounds like it to me.

lorien1973 on November 7, 2008 at 11:56 AM

That works too!

*eats*

Grue in the Attic on November 7, 2008 at 11:48 AM

I’ve been humming “Ain’t That A Kick In The Head” (and drinking like Dino, too.)

“eats” “where’s my check?”

Mr_Magoo on November 7, 2008 at 11:56 AM

My Brother always told me the collapse was the Dems October suprise. WOW! maybe he was right.

DJ from MA on November 7, 2008 at 11:56 AM

Oh, and Grue? Regarding the sarc tags? I ran out of them and the supplier says that he’s going out of business in anticipation of the tsunami of new taxes.

Oh ouch, my sympathies.

*eats*

Grue in the Attic on November 7, 2008 at 11:56 AM

lorien1973 on November 7, 2008 at 11:55 AM

You are right, but I am talking about the last eight years.. this is the reason his approval was only 30%..this has been our downfall for a very long time.

beththebaker on November 7, 2008 at 11:57 AM

I’ve been humming “Ain’t That A Kick In The Head” (and drinking like Dino, too.)

“eats” “where’s my check?”

Mr_Magoo on November 7, 2008 at 11:56 AM

We need to compile an Obama Soundtrack.

*eats*

Grue in the Attic on November 7, 2008 at 11:57 AM

He won’t need to. Bush was an idiot and kept most of the Clinton holdovers at all levels of his administration.

He won’t need to. Bush was a grown up and a professional who didn’t fire people for political reasons.

There, fixed it for you.

mjk on November 7, 2008 at 11:58 AM

And this comes out NOW…

Too late, American sheep. You’ve been had! Deal with the consequences!

Then, tell me how that mess of pottage tastes like in two to four years. It better taste good, considering you gave up your birthright to freedom for it…

newton on November 7, 2008 at 11:58 AM

Grue in the Attic on November 7, 2008 at 11:48 AM

Well, if we are going into the Nine Inch Nails genre, I think “Closer” is a better description.

Dr.Cwac.Cwac on November 7, 2008 at 11:58 AM

I have NO friends that would vote for “that guy”! I would NOT be friends with anyone that stupid, confused, manipulated, decieved. I would say, “It’s nice to see where you stand for once, and I must respectfuly ask that you not call me anymore, we will part civil, but we will part! For any man or woman, Father or Mother that could vote to turn the saftey of his and my family over to a man who will sell us out to terrorists, thugs and the far left radicals is NO friend!”

End of story, same goes for my in-laws and family. Period!

Mark Garnett on November 7, 2008 at 11:58 AM

HAAAAAAAAAAATE hate hate hate hate hate hate hate hate hate that song……

*eats*

Grue in the Attic on November 7, 2008 at 11:54 AM

I concur. More like “The Nobodies”. Uh oh, might get banned for that one :)

Karen_VA on November 7, 2008 at 11:58 AM

I’m surprised the MSM didn’t wait until Iran nukes Jerusalem and Haifa to Bring this up, then quickly forget it.

Right_of_Attila on November 7, 2008 at 11:59 AM

“Imagine all the people living life as one. It’s easy if we try.”

Mr_Magoo on November 7, 2008 at 11:52 AM
HAAAAAAAAAAATE hate hate hate hate hate hate hate hate hate that song……

*eats*

Grue in the Attic on November 7, 2008 at 11:54 AM

Watch out – you’ll end up on President Krystal Nacht-elect’s list.

“where’s my check?”

Mr_Magoo on November 7, 2008 at 11:59 AM

Now a Warning?

Cuban4McCain on November 7, 2008 at 12:00 PM

HAAAAAAAAAAATE hate hate hate hate hate hate hate hate hate that song……

*eats*

Grue in the Attic on November 7, 2008 at 11:54 AM

don’t know what that one is.

Honestly, I haven’t listened to metal in years, but when I was watching the concession speech, Blood Red Skies by Priest went through my head.

Words are a little off, sentiment isn’t.

Marine_Bio on November 7, 2008 at 12:00 PM

How did I miss this before…

The Messiah and Emmanuel

Main Entry: Im·man·u·el
Variant(s): or Em·man·u·el \i-ˈman-yə-wəl, -yəl\
Function: noun
Etymology: Middle English Emanuel, from Late Latin Emmanuel, from Greek Emmanouēl, from Hebrew ʽimmānūʼēl, literally, with us is God
Date: 15th century
: messiah 1

It all fits together. The leper messiah really does have a complex.

PappaMac on November 7, 2008 at 12:00 PM

The new administration is like a breath of fresh air

NOT!

More like the campfire scene from

BLAZING SADDLES

.

Sorry.

I will go put my nose back in the time-out corner now.

kingsjester on November 7, 2008 at 12:00 PM

Amazing what ABC News can dig up after the election is over.

Next article …… “Obama had dinner with Ayers once a week during the campaign”

fogw on November 7, 2008 at 12:00 PM

don’t know what that one is.

“Imagine” by John Lennon. Google it. The lyrics will give you chills.

*shudder*

Grue in the Attic on November 7, 2008 at 12:00 PM

OT: Did you see this, guys?

Wall Stree doesn’t lie. And neither do gun retailers.

newton on November 7, 2008 at 12:01 PM

beththebaker on November 7, 2008 at 11:57 AM

I’ve been saying this about Bush for 8 years. Awful communicator with no real fiscally conservative principles. Squishy on every single issue that mattered besides 9/11 and terrorism.

lorien1973 on November 7, 2008 at 12:01 PM

Wall Street…

newton on November 7, 2008 at 12:01 PM

kingsjester on November 7, 2008 at 12:00 PM

lol..my favorite movie:)

beththebaker on November 7, 2008 at 12:01 PM

newton on November 7, 2008 at 12:01 PM

Check coal stocks.

lorien1973 on November 7, 2008 at 12:01 PM

We need to compile an Obama Soundtrack.

*eats*

Grue in the Attic on November 7, 2008 at 11:57 AM

I concur. Great suggestions here, so far!

Karen_VA on November 7, 2008 at 12:01 PM

I just posted this one the other thread. Hot Air is quick! He also was involved in Hud, Freddie and Fannie. All three of them.

Also, this man was on Savage the other day. Savage asked him if the Supreme Court over turns Prop. 8 what would happen. He said that the Ca. citizens, could place a citizens arrest on the Judge. Again, I am not a queen at legal issues. But, a light bulb went off in my blond brain. Why can’t we have Pelosi, Reid, Dobbs, Franks, Emanuel, and any other dirty person that filled their pockets and had ignored regulation. So they could steal when ever they pleased. And this pork crap. Why can’t we do a citizens arrest on them? Just a thought. They are not taking action on any one. Wall Street, Banks etc. This is what is pis*ing me off. They are going to wait until We don’t notice it. I won’t forget it. An injustice was done to us. What about illegal immigration? They didn’t follow their laws. Any ideas? I am just venting and I am not stating that I am right. Just a light bulb in my head.

sheebe on November 7, 2008 at 12:01 PM

I just fired off an email to my Congressman asking him to aggresively support and persue Congressional hearings on Feddie Mae and specifically noted that FM/FM execs, committes chairs charged with oversite and reps of the Bush and Clinton admins should face questions under oath.

Fat chance, but its the best I can do, heh.

Texas74 on November 7, 2008 at 12:02 PM

lorien1973 on November 7, 2008 at 12:01 PM

Amen. If lies go unchallenged, people assume they are true.

beththebaker on November 7, 2008 at 12:02 PM

upinak on November 7, 2008 at 11:41 AM

Grue

Exactly how unsubtle does sarcasm have to be before I don’t have to use sarc tags?

Is it like the time difference thing? Are you guys five degrees of sarcasm behind the UK (on the East coast)?

EnglishMike on November 7, 2008 at 12:03 PM

Hey – what’s everyones plans for the coming economic storm?

My wife and I sold the house back in Aug because our employer is being acquired by a larger rival and we’re have to leave town for new opportunities. Since Obama was elected we’ve decided that she won’t go back to work and we’re downsizing our next home. I’ll simultaneously pick up another tax deduction and pay half as much in federal taxes. My personal ‘John Galt’ strategy.

DerKrieger on November 7, 2008 at 12:03 PM

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