Media Blog

A Question for Franklin Raines

Were you lying to the Washington Post in April when you told reporter Anita Huslin that you had, “taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters” or are you and Senator Obama lying now?

An Obama spokesman called the ad’s contention “a flat-out lie,” saying Raines has “never advised Senator Obama about anything, ever.” But Raines did not claim to have advised the Illinois senator personally. In an accompanying statement, Raines said he never “provided his campaign with advice on housing or economic matters.” That contradicts what he told Huslin five months ago.

As for how Senator McCain sees it, over in the Corner is the text of his economic speech from Wisconsin this morning. An excerpt:

Two years ago, I called for reform of this corruption at Fannie Mae and Freddie Mac. Congress did nothing. The Administration did nothing. Senator Obama did nothing, and actually profited from this system of abuse and scandal. While Fannie and Freddie were working to keep Congress away from their house of cards, Senator Obama was taking their money. He got more, in fact, than any other member of Congress, except for the Democratic chairmen of the committee that oversees them. And while Fannie Mae was betraying the public trust, somehow its former CEO had managed to gain my opponent’s trust to the point that Senator Obama actually put him in charge of his vice presidential search.
This CEO, Mr. Johnson, walked off with tens of millions of dollars in salary and bonuses for services rendered to Fannie Mae, even after authorities discovered accounting improprieties that padded his compensation. Another CEO for Fannie Mae, Mr. Raines, has been advising Senator Obama on housing policy. This even after Fannie Mae was found to have committed quote “extensive financial fraud” under his leadership. Like Mr. Johnson, Mr. Raines walked away with tens of millions of dollars.
Senator Obama may be taking their advice and he may be taking their money, but in a McCain-Palin administration, there will be no seat for these people at the policy-making table. They won’t even get past the front gate at the White House.

This is good news as it shows that McCain isn’t going to let the MSM and Obama call him a liar when he is, in fact, telling the truth.