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June 11, 2008
Good Backgrounder on Obama's "Tangential" Adviser
"My conception of the presidency is basically avoiding difficult work and asking hard questions of my crucial advisers... I just want to look cool ridin' around in tanks!" It also has some relevance to that executive-pay argument we had all day yesterday, but don't let's get into that again. Last month, Sen. Barack Obama turned to James A. Johnson, a former Fannie Mae chief executive and Washington insider since the Carter administration, to lead the vetting of potential running mates for the Democratic Party's presumptive presidential nominee. And of course he got outsized perks from the company after leaving it in a shambles. Including those now-famous below-market-rate mortgages arranged by helpful executives at Countrywide, a partner of Fannie Mae, and of course a company still seeking to curry favor with powerful Democratic establishment insiders. As most of the Democratic establishment supported Hillary (at least initially), I wonder if Obama is now forced to recruit from those operatives so tarnished (or inept) that not even Hillary would have them. Thanks to Mom. "Tangential:"
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