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  1. #1
    Guild Royalty - Elected Official Verbose Veteran Ysobelle is a glorious beacon of light Ysobelle is a glorious beacon of light Ysobelle is a glorious beacon of light Ysobelle is a glorious beacon of light Ysobelle is a glorious beacon of light Ysobelle's Avatar
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    Default Factcheck from the Washington Post

    http://www.washingtonpost.com/wp-dyn...091903604.html





    Linking Obama to Ex-Fannie Mae Chief Is a Stretch
    Saturday, September 20, 2008; A04

    "Obama has no background in economics. Who advises him? The Post says it's Franklin Raines, for 'advice on mortgage and housing policy.' Shocking. Under Raines, Fannie Mae committed 'extensive financial fraud.' Raines made millions. Fannie Mae collapsed. Taxpayers? Stuck with the bill."


    An already nasty presidential election campaign is getting nastier. The meltdown on Wall Street has touched off frantic attempts by both the McCain and Obama camps to secure political advantage and indulge in guilt by association. Over the past 24 hours, both campaigns have issued what are, in effect, video news releases attempting to show that the other side's "advisers" are somehow responsible for the crisis. The latest McCain attack is particularly dubious.

    THE FACTS
    The McCain video attempts to link Obama to Franklin D. Raines, the former chief executive of the bankrupt mortgage giant, Fannie Mae. It then shows a photograph of an elderly female taxpayer who has supposedly been "stuck with the bill" as a result of the "extensive financial fraud" at Fannie Mae.

    The Obama campaign issued a statement by Raines on Thursday night insisting, "I am not an advisor to Barack Obama, nor have I provided his campaign with advice on housing or economic matters." Obama spokesman Bill Burton went a little further, saying in an e-mail that the campaign had "neither sought nor received" advice from Raines "on any matter."

    So what evidence does the McCain campaign have for the supposed Obama-Raines connection? It is pretty flimsy, but it is not made up completely out of whole cloth. McCain spokesman Brian Rogers points to three items in the Washington Post in July and August. It turns out that the three items (including an editorial) all rely on the same single conversation, between Raines and a Washington Post business reporter, Anita Huslin, who wrote a profile of the discredited Fannie Mae boss that appeared July 16. The profile reported that Raines, who retired from Fannie Mae four years ago, had "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters."

    Since this has now become a campaign issue, I asked Huslin to provide the exact circumstances of that passage. She said that she was chatting with Raines during the photo shoot, and asked "if he was engaged at all with the Democrats' quest for the White House. He said that he had gotten a couple of calls from the Obama campaign. I asked him about what, and he said, 'Oh, general housing, economy issues.' ('Not mortgage/foreclosure meltdown or Fannie-specific?' I asked, and he said 'no.')"

    By Raines's own account, he took a couple of calls from someone on the Obama campaign, and he or she had general discussions about economic issues. I have asked both Raines and the Obama people for more details on these calls.

    THE PINOCCHIO TEST
    The McCain campaign is clearly exaggerating wildly in attempting to depict Raines as a close adviser to Obama on "housing and mortgage policy." If we are to believe Raines, he did have a couple of telephone conversations with someone in the Obama campaign. But that hardly makes him an adviser to the candidate himself -- and certainly not in the way depicted in the McCain video release.
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    Certifiable Rogue Verbose Veteran Cyranno DeBoberac is a jewel in the rough Cyranno DeBoberac is a jewel in the rough Cyranno DeBoberac is a jewel in the rough Cyranno DeBoberac is a jewel in the rough Cyranno DeBoberac's Avatar
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    Default Re: Factcheck from the Washington Post

    Quote Originally Posted by Ysobelle View Post
    THE PINOCCHIO TEST
    The McCain campaign is clearly exaggerating wildly in attempting to depict Raines as a close adviser to Obama on "housing and mortgage policy." If we are to believe Raines, he did have a couple of telephone conversations with someone in the Obama campaign. But that hardly makes him an adviser to the candidate himself -- and certainly not in the way depicted in the McCain video release.

    To be fair to McCain, he only had a couple of telephone conversations with Sarah Palin before he picked her to be Vice President, so it's understandable how he'd be inclined to jump to that conclusion.
    "Cut Sarah Palin a break for saying 'refudiate'. It's just her self-defecating humor."

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    Default Re: Factcheck from the Washington Post

    Quote Originally Posted by Cyranno DeBoberac View Post
    To be fair to McCain, he only had a couple of telephone conversations with Sarah Palin before he picked her to be Vice President, so it's understandable how he'd be inclined to jump to that conclusion.
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    Default Re: Factcheck from the Washington Post

    Sad thing is, a lot of people are stupid enough to just believe what they are told and never look below the surface to see if it's true. :(
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