Rahmbo’s Windfall Profit
Liberals are never short on the outrage. Except when it is their fellow travelers that are doing the things they decry others for that is. They freely rail against their bogeyman of choice who has made more money than they deem that person should have. Take the executives at AIG for example! Even though they approved of massive bonuses and even put wording into legislation to protect those bonuses and allowed them to be paid for by tax payer dollars they still found time to act all surprised and outraged while claiming ignorance. But when it is someone like Obama’s numero two, Rahm Emanuel, who made a killing at Freddie Mac while the company was going down the tubes, the left is strangely quiet:
Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator.
One of those allegedly asleep-at-the-switch board members was Chicago’s Rahm Emanuel—now chief of staff to President Barack Obama—who made at least $320,000 for a 14-month stint at Freddie Mac that required little effort.
As gatekeeper to Obama, Emanuel now plays a critical role in addressing the nation’s mortgage woes and fulfilling the administration’s pledge to impose responsibility on the financial world.
Gee, ya know to me that sort of sounds like a windfall profit! Especially considering that he made the money at a time when people knew there were problems but the company was being protected by fellow liberals in Congress who refused to heed the warnings.
But this is par for the course! The left just keeps bringing back the same old failures time and again to do the same old failed things time and again. And the people that they keep leading around by the nose keep voting for them blindly like sheep.
Somehow this will all turn out to be George Bush’s fault. It always does with the left. I can see the history books now! Under Rahm Emanuel it will say something like:
“A great political adviser and right hand man to the greatest President ever, Barack Obama. The Vast Right Wing Attack Machine attempted to frame him for taking a $320,000 from Freddie Mac, a corrupt Republican bank which was brought down by the failed policies of President George W. Bush. All such accusations are of course categorically false as it is well known that Mr. Emanuel never worked for Freddie Mac and instead spent his time prior to 2008 feeding the poor and tending to sick children in Africa.”
This content originates from American Conservative Daily posted by J.J. Jackson on March 27, 2009 at 1:37 pm and may be subject to copyright. (Digital Fingerprint:
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