Obama Veep Advisor Received $1.9 Million in Cooked Books Scandal [Reader Post]


UPDATE: Johnson is history.

Another example of that famous Obama good judgment.

From Fox News.

According to today’s Washington Post, Obama’s veep vetter Jim Johnson is linked to an accounting scandal at his former company, Fannie Mae. The newspaper reported this morning that Johnson “was the beneficiary of accounting in which Fannie Mae’s earnings were manipulated so that executives could earn larger bonuses. The accounting manipulation for 1998 resulted in the maximum payouts to Fannie Mae’s senior executives — $1.9 million in Johnson’s case — when the company’s performance that year would have otherwise resulted in no bonuses at all, according to reports in 2004 and 2006 by the Office of Federal Housing Enterprise Oversight.”

When Obama was questioned about his Johnson problem yesterday, he said essentially that even if the guy appears to be a crook, Obama can’t vet the vetters. When that sounded a little hollow, he tried to say the guy looking for a Vice-President of the United States at Obama’s request wasn’t really working for him.

McCain rightly nailed that as hogwash it is.

While Obama told reporters yesterday that, “I am not vetting my VP search committee for their mortgages. …These aren’t folks who are working for me. They’re not people who I have assigned to a particular job in a future administration,” Republicans have seized the story. “It’s preposterous for Senator Obama to claim that the leader of his VP selection committee isn’t working for him….Obama is in a state of denial,” a McCain spokesman stated yesterday.

Does Obama associate with anyone who isn’t a crook, racist, or terrorist?

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Ok…so he’s under the bus. Keep an eye on the next one – not just for stuff he may have involved in, but _who_ he’s involved with. No wonder these guys can afford to volunteer!


Here is Obie discussing vetting the vetters.

Another delicious “No TelePrompter” moment.

Let me see if I can get this to work.

(I may have to recruit some help here.)

<a href=”” rel=”external”>

Well crap.

Here’s the link.


My post is caught in the tentacles of the SPAM filter.

Breaking news…. another one bites the dust! Johnson quits so he’s not a “distraction”…

“I would not dream of being a party to distracting attention from that historic effort,” he said in a statement. “I believe Barack Obama’s candidacy for president of the United States is the most exciting and important of my lifetime.”

No word from His Messiahship on the latest bud he’s had to “distance” himself from. No doubt forthcoming tho. Some heart wrenching disappointment will pass the lips…

“Sooo, and, uh, uh uh, sooo, annnnd, sooo, tangential, uh uh uh.”

– Barry O

Mata et al,

Help me embed this video.

Edited by Curt….just put the embed code into the comment itself and it will appear.