Obama’s Finance Chair, Failed Bank Owner Penny Pritzker And Today’s Wall Street Problem
By Uppity Woman on September 16, 2008 at 1:05 PM in Bamboozling, Barack Obama, Current Affairs, Hoodwinking, Penny Pritzker
Fellow former hippie and blogger over at Power and Control tossed me a link to his most interesting article on the condition of Wall Street and how it relates to Mr. Innocent, Barack Obama. The blogger’s first paragraph refreshed my memory about a piece I wrote back in April while the MSM was busy stroking The One and looking for new ways to set Hillary Clinton aflame.
You see, while Barack Obama is faking outrage over all the bankruptcies and bailouts, he doesn’t mention that a number of his top ten contributors are from Wall Street, including Goldman Sacs, Lehman and the JP Morgan Chase. He also fails to mention that one of the first subprime lenders to stick it to borrowers and have her bank seized is a woman named Penny Pritzker, who just happens to be Barack Obama’s campaign Finance Chair (as confirmed on April 3, 2008) and a potential Secretary of the Treasury in an Obama administration.
Power and Control blogger has this to say:
This is a long and complicated story about how Obama backers were behind the mortgage industry meltdown. It hast to start some where, so lets start with a well known Chicago name Penny Pritzker. It starts with a bank failure.
Power and Control is not only correct, but it looks like it’s time for a re-print (and then some) of my April 3 2008 piece on Penny Pritzker and the failed Superior Bank. I must have been psychic, I guess.
Let’s meet Barack Obama’s Finance Chairperson, Penny Pritzker.
We all know that Barack Obama hangs out with some interesting people and Penny Pritzker is no exception. I thought you might like to know more about Penny Pritzker and the closing of Superior Bank, which was owned by the Pritzker family.
The Pritzkers are one of the nation’s wealthiest families and heirs to the fortune created by the Hyatt hotels. Yes, Penny is a billionaire. So basically, Penny could squash me like a bug right now for writing this.
Among their other endeavors, the Pritzkers were the owners of Superior Bank in Hinsdale, Illinois when it was seized.
Yes, I did say seized.
Penny Pritzker, Barack Obama’s great Chicago (of course!) friend was a pioneer you might say! She was a failed subprime lender who set the tone all the way back to 2001. She did it before it was even in style.
Below is a 2001 press release from the Office of Thrift Supervision (OTS)
OTS Closes Superior Bank FSB; Hinsdale, Ill. Thrift is Insolvent
WASHINGTON – The Office of Thrift Supervision (OTS) closed Superior Bank FSB, Hinsdale, Ill., today and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The FDIC transferred the insured deposits and substantially all the assets of Superior Bank into a newly chartered, full-service mutual savings bank, known as Superior Federal, FSB, which will open for business on Monday morning. All depositors of Superior Bank automatically become depositors of Superior Federal, and will have immediate access to their insured funds. All 18 of Superior Bank’s Chicago metropolitan area offices will open for business Monday and will continue to offer full banking services, including online banking. Superior Bank’s loan production and servicing operations will also continue to operate normally.
OTS used its authority under the FDIC Improvement Act of 1991 to close Superior Bank when it found that the bank remained critically undercapitalized — that its tangible equity capital was less than two percent of its total assets. The bank failed to implement a capital restoration plan that it submitted to OTS on May 24 this year.
Superior Bank suffered as a result of its former high-risk business strategy, which was focused on the generation of significant volumes of subprime mortgage and automobile loans for securitization and sale in the secondary market. OTS found that the bank also suffered from poor lending practices, improper record keeping and accounting, and ineffective board and management supervision.
Superior became critically undercapitalized largely due to incorrect accounting treatment and aggressive assumptions for valuing residual assets. The bank also experienced significant losses during 2000 from its automobile lending program.
OTS has determined that Superior Bank is insolvent, having incurred losses that have depleted all or substantially all of its capital. OTS also determined that Superior Bank was no longer able to transact business in a safe and sound manner.
OTS notified the bank of its serious concerns in July 2000.
The bank was purchased by two families in 1988 — the Pritzker family of Chicago, owner of Hyatt Hotels and other interests, and the Dworman family of New York, with interests in real estate and financial services activities — and was operated through a complex network of holding companies.
In light of these findings, OTS determined that closure and the appointment of FDIC as receiver were necessary to protect the interests of the bank’s insured depositors.
As of March 31, 2001, the failed bank had total assets of $1.9 billion and total deposits of $1.5 billion. FDIC insures depositors’ accounts up to the statutory limit of $100,000.
Superior is the only bank that OTS has closed in 2001, and only the fourth OTS-regulated institution closed in the past five years.
The FDIC has established a toll free telephone number for customers of Superior. That number is 1-800-331-6306, and will be available until midnight tonight and then from 7 a.m. to 7 p.m. daily thereafter.
At the time of this seizure, it was determined that Penny Pritzker and her family owed $460,000,000 to the Federal Government. Yes, that’s right folks. Nearly a half a billion dollars. Gee, i wonder if that’s all paid back yet, don’t you?
I thought you might also like to hear an interview with one of Penny Pritzker’s victims and how this bank closing affected her life. You will also hear her reaction to the thought that Barack Obama would hire Penny Pritzker as his campaign Finance Chair, not to mention her horrified reaction to the thought that Ms. Pritzker might one day be “Secretary of the Treasury”. If “Play” doesn’t work, Click in MP3 Stream link.Buckle your seat belt first, please. This woman does not spare details and is not in a good mood. I suppose I wouldn’t be in a very good mood either if I lost my savings to Penny Pritzker.
I guess the main stream media didn’t think this Petty little Penny Pritzker Problem (say that three times fast) was important enough to look into back in April, 2008 when insignificant little me wrote about it. Ooops! Wait! They don’t seem interested in looking into it now either! Obama’s going to fix this problem. Oh yeah, for sure.
While your at it, take a look here at The Real Barack Obama’s repost of her piece on the Penny Pritzker Problem. It contains a nice round-up of Pritzker contributions to Obama as well.
Additional links on this bilking of innocent people:
NY Times, December, 2001
FDIC Failed Bank Information - Superior Bank
OTS Closes Superior Bank FSB; Hinsdale, Ill. Thrift is Insolvent
OTS Announces Resolution of Charges Against Auditor of Closed Superior Bank FSB
Copyright © 2008 Uppity Woman. All Rights Reserved.
Hey another piece of interesting news…..
“Good Morning America’s” train tour across the country continued on Tuesday with Diane Sawyer interviewing Hillary Clinton and encouraging the senator to agree that John McCain is too old to be president. She also jokingly invited the former first lady aboard, telling her the program could “go out and buy you some pajamas.”
But first, adopting the liberal talking points that McCain might die soon, the ABC host wondered, “…Senator Claire McCaskill said recently that she felt that it was a dangerous decision to pick Governor Palin, because of Senator McCain’s age and because of his health. Do you agree?” After Clinton declined to support McCaskill’s contention, Sawyer prompted, “So, you’re not going to endorse what she said?”
SAWYER: Senator McCaskill, Senator Claire McCaskill said recently that she felt that it was a dangerous decision to pick Governor Palin, because of Senator McCain’s age and because of his health. Do you agree?
CLINTON: You know, what I said, is we have to keep focused on the differences between the Republicans and the Democrats. This goes way beyond any one candidate. It’s really about the future that we have to fight for. And I am doing all I can to keep focused on what matters in the lives of Americans. We have a better economic policy. You know, we had a difficult situation in 1993, when my husband became president. Democrats fixed it. We have all kinds of challenges. And if we don’t look at the differences between what Senator McCain and Governor Palin offer, in terms of policies, and in my view, misplaced policies, compared to what we offer, then we’re going to get diverted and we’re not going to make the right decisions.
SAWYER: So, you’re not going to endorse what she said?
CLINTON: You know, I think the point is not the vice presidential candidate on the other side, with all due respect. It’s the presidential candidate. Senator McCain is not offering much of a change from what has already been the policies of the Republicans and of this administration.
Hillary is dignified as always.
WTF is wrong with these news “journalist”? They continue to amaze me everyday with how much they are willing to toss any remaining journalistic integrity they may have in the gutter for Barry.
Considering that Sawyer was once a Nixon press aide her political judgment wasn’t always the best and she seems to be making biased assessments by trying to push Senator Clinton into making negative comments that could be used against her (Senator Clinton) in the future.
From Sawyer’ biography:
The Soetoro/Obama campaign seems to be trying to convince us that the only mistakes made are by the opposition when evey time you scratch the surface of Obama loyalists you see the tarnish beneath the shine.
Well said, Hillary! Oh Dear, now I’m going to cry because she’s not our candidate. I know, I know, Obama says we should just “GET OVER IT!”
One of my greatest pleasures would be to say this right back to him on November 5.
That will be fun, I’m looking forward to it, too. Today I had the fun of saying it to John Kerry, while voting for his primary opponent Ed O’Reilly here in MA. Go Ed!
She is, I saw that and she was not going to lower herself become a attack dog for nobama.
brilliant.
http://wnd.com/index.php?fa=PAGE.view&pageId=75307
I’ve been waiting since the primaries to see this Woman’s Name come up in the MSM. Consortiumnews did an article on it way back then and no one picked it up.
Penny Pritzker, she was ahead of her time in bilking Joan Q. Public out of her money. Very good article.
And that fraud, that incompetent sham who is headed for 0blivion slams McCain on the economy? The Creature of Chicago proclaims a Great Depression because the stock market lost 4% in one day…when in 1987 there was a one day drop of 20% and no Great Depression followed. And as the peons are lined up on the sidewalks to get their apple and slice of bread, Senator 0blivion chows down at a $28k/plate fundraiser. What a man of the people he is.
Thank you for writing this article. It’s just another example of what a preening mendacious cipher he is.
Hi all..was talking to my 79 year old father who remembers the end of the Great Depression and what it was like for him, his family and his friends. And he said although yes things may be shaky right now, no way does the economy today come close to what Americans went through over 70 years ago. Does anyone know what the unemployment rate was back then? Anyone have family or friends who remember what it was like? Just food for thought.
The unemployment numbers are in the middle of this page: At the height of the depression the rate was 25%.
We may be in a recession but Depression-speak is overstating the situation.
I agree..thanks RW!
My parents were children during the Great Depression. My father doesn’t have any particular stories although they moved out of the South and relocated to the Midwest so my grandfather could be a farm laborer. My mother grew up on a farm and she doesn’t have really bad memories of the Depression. They had a home, they grew their own food, and they had enough to hoboes who came to the back door, knowing that my grandmother would feed them.
The one poignant story my Mother tells is that they couldn’t afford to have Christmas presents, so the year when she was twelve, she went to town with my grandmother who had put a side a little money for gifts. When they saw the prices, grandma realized she couldn’t really afford a gift for everyone, so she bought a church that had “stained glass windows” and played Away in the Manger as a gift to the whole family. She put that church out every year at Christmas until she died at age 96.
The people during the depression didn’t lose it all because they were too stupid to know you can’t live on credit without it coming down on your head. They didn’t lose it all because they bought homes they couldn’t afford either.
I was a Depression child. My parents were lucky; they lost investments but owned a house which they rented out the year I was born. We lived in a series of strange rental apts. that I loved, but it took a toll on my mother. To the day she died she would say that she only wanted to “live nice.” We had no car. We moved back when I was in 5th grade.
My husband’s father was out of work for a long time, so they moved in with his great grandmother and great aunt–she had a job. They had a vegetable garden on a relative’s land and walked up the hill about a mile each day to work in it. They at least had food and shelter.
This was in the Pittsburgh area. My most poignant memory is a shanty town built along the bus line– shacks made out of anything and everything, fires outside where people were cooking. I thought it was normal. Hard days.
Boy, they do have a really long-term plan!
Sorry I made a typo. Perhaps you could direct me to your perfect blog so that I might learn how to write.
I’ll wait…..
…….still waiting….
I think it was a perhaps failed attempt at humor, lighten up.
When you write six pieces on your own free time daily for a cause you believe in, then tell me to lighten up.
You have no idea what I do with my free time daily. But fine, don’t lighten up.
UW thank you your writing. I love reading everything you have to write. I am going to be sad when the election is over and don’t get to read your stuff anymore. Write a book!
Uppity - I feel the same way!
I admire your ability to keep writing such powerful stuff.
UW — you are amazing, don’t lighten up, ever!
I’m convinced there are Evil Viruses that insert typos into our comments. I never make typos, and yet everything I put up has something wrong with it. This is very sinister.
http://www.youtube.com/watch?v=Uk_fPi-24Iw
Uppity,
Your posts are fantastic. Thanks for your hard work.
Uppity,another great piece from you. Please mail it immediately to the Mc Cain campaign so they can turn it into an ad for the battleground states. I don’t understand why they aren’t exploiting this type of FACTUAL information to expose Barry.
I’d like to think they already know this. I hope. If not, I am worried. lol.
seriously I’ve been writing about this since April and so have others. Let’s face it, it’s deliberately buried.
Thanks Perry for all your funny pieces. You are great!
I saw a new Obama ad in Ohio last night. it was on how many people around McCain are lobbyists. I figured it was an attempt to get the early upper hand since so many people around Obama are connected to the mortgage issue. More sign of desperation IMO.
That ad played in Missouri, too.
And Florida.
He’s not just slime. He’s lying slime. He’s got lobbyists bundling money for him. They still get the credit only it LOOKs different. He’s a back door liar.
http://noquarterusa.net/blog/2008/04/06/names-of-the-dc-lobbyists-obama-doesnt-take-money-from/
oh dear…
looks like the american people are catching on to the fraud that Obama is…
even if the media aren’t actually reporting on Obama’s crimes and criminal friends…
http://www.nypost.com/seven/09162008/news/politics/mac_makes_move_on_dem_empire_129286.htm
NY state might actually switch to mccain this election…
that is pretty historic…
a. hillary
b. mccain
america first!
good, make him spend some of that $77M to run ads in NY, FL, CO and a few more. Run him ragged doing campaigns. I’ll never forget the friggin’ whinning throughout the end of the primary. He’s such a priss that way.
There is not enough counter to this age and health thing. They should be called ageist, and it is McCain who has released his entire medical record of over 200 pages while Obama has released next to nothing. it may very well be that McCain is healthier than Obama, he certainly seems to have more energy.
And 0blivion has a wart on his nose…OMG IT MUST BE MELANOMA….
HE HAS SKIN CANCER HE CAN’T BE PRESIDENT!!!!
/sarcasm
What about his addiction to cigarettes and former addiction to Cocaine?
How do we know these aren’t effecting his health and maybe he could die in office too?
It is so ironic that the “progressive” Dems are running a candidate who’s a chain smoker! Shops for that healthy food at Whole Foods and then he smokes tobacco. Well, that’s the sign of a druggie for you.
How right you are about Soetoro/Obama’s additions being hazardous to his health and look who would be taking his place? A 66 to 70 (4 year term) year old white guy who is reported to have a drinking problem.
At least Palin’s “vice”, according to the media, is religion. And if she hasn’t panicked at living across the water from Russia in war mode, I think she’ll do all right.
I’m getting concerned…Barky is coming out wham, bam, slam at McCain and it seems like the McCain campaign isn’t doing much at fighting back right now. They seem to be losing traction and and gaffing regarding the economy.
I’m not a troll!
I am just very uneasy right now. Any thoughts out there?
Are they waiitng for Barky to re-load?
p.s. I live in Massachusetts and I’m going to have the pleasure later today of voting against Senator Kerry in teh primary!
When your opponent is making a fool of himself you stand back and let him. Obama is perfectly capable of doing great damage to himself. he looks desperate and flailing although of course the msm isn’t portraying it that way. I’ve seen enough hard hitting stuff from McCain to believe that they are not being shy about hitting back and when it seems they are, it’s just a matter of timing.
Right. Also, the McCain camp seems to be pointing out that Obama is setting the negative tone in the campaign. McCain keeps saying that the tenor of the campaign would be different if Obama agreed to Town Hall meetings.
But Obama would rather continue with more of the same old style politics and run crazy ads about not sending email.
The more he flails, the worse he looks.
I love how they let him loosen up and start flapping his lips again. They know he’s going to say something stupid.
Unfortunately, I agree with your assessment. McCain somehow let Obama get away with his ‘whining’ about a negative campaign AND own the economy issue. The polls appear to be tightening nationally with McCain losing a point or two.
I am nervous. I will be nervous until McCain and Palin are in the White House.
Take care,
Patrick
jack, relax. these are the repubs. they are experts at presidential elections. in the immediate past, except for Big dawg, no one could stand upto the repubs. they know when to release what. dont worry, its gonna rain down on Obama. store up on popcorn and watch the fun.
I know, really! When they’re quiet is when you know they’re about to land a sidewinder.
At this moment they’re most likely doing the OODA thing - you know: Observe, Orient, Decide, Act.
And someone mentioned about the polls tightening. I do believe this stock market thing will be somewhat advantageous to 0blivion. But before long he’ll do something else to make people hate him because he is the n00b POTUS candidate from hell.
McCain will need to connect wall street, Pritzer, and barky’s campaign…obama’s biggest backers are from wall street
Thanks for the feedback!
I hope that the McCain strategy is to have Barky on defense going into the debate next Friday.
p.s. I’m off to vote!
Wait for the debates. . .
Candy Crowley and David Gergen said on CNN last night that bad news on Wall Street is good news for the Obarfy Campaign. Sounds strikingly familiar to the Iraq story. McCain needs to point out how many Obarfy campaign advisors have their dirty hands all over this Wall Street problem - Jim Johnson, Franklin Raines, Jaime Gorelick and Hunter Biden to name a few Freddie and Fannie stars. How about our deplorable democratic congress and the horrible Chris Dodd/Barney Frank housing bill which has contributed to our housing and mortgage meltdown. This was the dem plan all along. Throw the American people into financial troubles and then blame the Republicans and George Bush! How much does George Soros and Felix Rohatyn have to do with all the market troubles going on? Nancy Pelosi and Harry Reid are traitors to the American people. Why are gas prices going up Nancy when the price of a barrel of oil is going down?
Well George Soros is famously known for “breaking the Bank of England” on Black Wednesday in 1992.
All is not bleak on the economic front:
Big fall in energy pushes consumer prices down
Consumer prices drop 0.1 percent in August, first dip in nearly 2 years as energy plunges.
Tampagurl…
good point.
Some articles about G. Soros and his method of operating
Soros’ double-dealing in the Caucasus oil market by Wayne Madsen
Online Journal Contributing writer, 8/13/08
http://onlinejournal.com/artman/publish/article_3614.shtml
http://www.discoverthenetworks.org/Articles/Organizations%20Funded%20Directly5.htm
Lists organizations supported by Soros
**********************
The Soros Media “Empire” The Power of Philanthropy to Engineer Consent By Michael Barker
http://www.swans.com/library/art14/barker02.html
Candy and Gergen are two blathering Obama fools. I never listen to anything either of them has to say. In fact I never listen to CNN ever any longer.
http://www.youtube.com/watch?v=KKj109ZST3g
wow.
a. hillary
b. mccain
america first!
This video is shocking in that Colmes actually tries to give his shameful point of view to defend Barry’s votes. As a man, he carries no credibility talking about these issues. He also had on his blog questioning whether Palin had taken care of herself enough prenatally as to end up with a Downs Syndrome baby. What a moron. That joker needs his ass off that show. Why can’t Fox replace him with Howard Wolfson? Colmes looks like a cadaver.
McCain / Palin Rally in Vienna, Ohio at 4 PM EST - LIVE VIDEO FEED
to be starting shortly..
hey thanks!
a. hillary
b. mccain
america first!
Great piece. I thought Obama was super-clean. Now we hear he was taking a ton of lenders’ pac money…very interesting, and interesting friends.
[...] http://noquarterusa.net/blog/2008/09/16/obamas-finance-chair-failed-bank-owner-penny-pritzker-and-to... Also see Dan Riehl’s July 22, 2008, post Penny Pritzker: It Gets Worse? h/t Bessie On a list of ten questions he’d like Sen. Barack Obama (D-Ill.) to answer, author and political analyst Earl Ofari Hutchinson recently listed the following as number 6: The head of your campaign finance chair is Penny Pritzker. Before taking over Obama´s campaign finances, she headed up the borderline shady and failed Superior Bank. It collapsed in 2002. The bank engaged in deceptive and faulty lending, questionable accounting practices, and charged hidden fees. It made thousands of dubious loans to mostly poor, strapped homeowners. A disproportionate number of them were minority. Why does she still have a principal financial role in your campaign? [...]
Obama, ACORN and the subprime mess:
http://www.americanthinker.com/blog/2008/09/acorn_fannie_mae_and_motor_vot.html
Talk about chickens coming home to roost!
This just underscores that we do not know the real agenda of Barack Obama. I do believe his is a manchurian candidate whose mission is (1) destroy the democratic Party and create a new vanguard movement (the new dems ala Brazille), (2) get elected and destroy america within.
This is getting interesting…I’m going out to stock up now on popcorn.
OT–Sarah Palin is coming to my town (Jackson WY) to do a private fundraiser! I heard about it, contacted the republican party for info. within 10 minutes I heard from the national campaign, the local office, and the regional office thanking me for my interest and vote. Hey, I’ve never received anything like this from the democrats. yes they want my money and vote–and they’re going after it.
Time to clean house with the democrats.
HRC 2012!
If I lived in Jackson and you had a feather up your butt we’d both be tickled to death!
Yay, Dr. Kate!
I got my rubber gloves, my bucket, my mop and my Pine-Sol at the ready. I am prepared to clean this house, sistah!
HRC 2012
A sub prime mortgage lender as Secretary of the Treasury.
There are no words.
Obama’s greed and audacity knows no bounds.
jack, relax. these are the repubs. they are experts at presidential elections. in the immediate past, except for Big dawg, no one could stand upto the repubs. they know when to release what. dont worry, its gonna rain down on Obama. store up on popcorn and watch the fun.
+1
Tom is right. Timing. It’s everyyyyyyyything. It’s too early.
McCain is not giving Obama anything serious to “push back” against. It’s an old tai chi trick. Obama is floundering.
Obama has night sweats thinking about what McCain has in store for him. Let him sweat.
He’s being worn down and he’s doing it to himself.
wow, a wonderful onterview with Meghan McCain….
A few lines from the interview :
KING: What do you make of those, back to Governor Palin, who say that if you criticize her, it’s sexism.
M. MCCAIN: I don’t think necessarily criticizing any candidate is sexism, but I do think that sexism has played a role with the governor and with Senator Clinton as well in this election. I don’t think criticizing a candidate, no matter what gender, is necessarily sexism.
KING: You think Senator Clinton was a victim of it, too?
M. MCCAIN: I do.
KING: Did you like Chelsea?
M. MCCAIN: Yes. I met her a while ago at the ABC debates. She’s lovely, really cool. I liked her a lot.
KING: You liked Hillary, too?
M. MCCAIN: Yes, I like Jenna Bush, too. I’ve met her too. They’re all really interesting women. Chelsea was particularly friendly.
KING: I think it was quoted. Did you say you were obsessed with Governor Palin?
M. MCCAIN: Yes.
KING: What do you mean?
M. MCCAIN: What I love about Governor Palin is for so long women are told, you can do everything, but you have to do it at different time. You can have a career, but then you can have kids. She has five kids and now she’s the vice presidential nominee. I love that she’s doing it all at once. She’s such a role model for me. I love strong women. I am a strong woman and I just love examples like that.
KING: You have been with her, right?
M. MCCAIN: Yes.
KING: What do you like about her?
M. MCCAIN: First of all, she’s really chill. She’s really nice, really friendly. She’s really up on pop culture, which I always respect. She’s very smart. She doesn’t act entitled, which unfortunately sometimes you get with some politicians. She’s just like your average girl, like just a mom. But she’s very very, very shrewd, very smart. I’ve heard her talking about issues.
Meghan McCain seems like a very good, grounded person.
also, i would argue that McCains camp did serious damage over the last couple weeks. You cannot go overboard. They will let obama go overboard.
They might even wait to pushback until obama takes the lead and thinks his attacks are the road to victory and the nail him.
It is all chess. Chess that his campaign has played to a tee.
I see them lulling obama into a false sense of security and confidence.
They are not pushing back so obama will think he has free reign to say anything.
Plus, keep in mind that the media will always distort it in bama’s favor. I mean the politico is running retarded storys about adviser fiorina saying Palin is not experienced to run HP.
They are making a big deal but the fact is no one in this race has ANY experience running a multi-billion dollar corporation like HP. Or the story about McCains adviser joking about him helping invent the blackberry.
2 harmless things being pushed as serious.
Especially the fiorina thing, you do not get a job running HP unless you have some serious business credentials and a supreme education in that feild.
Trust me, we have to help McCain win, it is up to us to work on the ground and make calls.
McCain’s campaign set a trap for obama and it will spring in another day or 2. You will see.
Plus, palin is doing an interview with Hannity tonight and Couric next week. The battlegrounds are swinging to mac, as well as democratic strongholds.
Look at NY, obama refuses to help the democrats in NY because of lobbyists. I bet the dems there will pay him back in kind.
Well said.
You are psychic Uppity!
Great post. Sometimes I think of the late great Molly Ivins when I read your articles. She was one of the funniest and astute political writers here in Texas. I miss her voice.
Keep it up, Uppity!
Leisa that is the one compliment I REALLY love when I hear it. I would have LOVED to take Moly Ivin’s place. She was definitely my style. A great loss she was. Dowd is crap next to Ivins.
This is a chess game. The key is to allow your opponent to get comfortable and then hit him so hard and so fast his head unscrews and he defeats himself. There’s 7 weeks left before the election, you have to wait until what you hit them with is no longer defensible. In two weeks he’ll him Bambi hard, week 3 will be a little harder and sometime around week 5 he’ll start in on the Pakistan-Taliban-Alqaeda connections and his drug selling days in New York. Week 6, hold on to your hats because the real bombshells are going to start dropping.
[...] from: Obama’s Finance Chair, Failed Bank Owner Penny Pritzker And Today … Share and [...]
By Noel Sheppard (Bio | Archive)
September 16, 2008 - 11:20 ET
Do you think the recent stock market collapse or troubles in the banking system are good news?
Well, according to CNN’s Candy Crowley, the Obama campaign does.
On Monday’s “Anderson Cooper 360,” after CNN senior political analyst David Gergen said “what happened over the weekend with the economy and the bottom falling out of the financial markets…is the opportunity for Obama to seize the momentum back on his side,” Crowley actually said, “[J]ust as foreclosures were showing up on B-17, or in the real estate section, along comes this horrific headline out of Wall Street…I mean, this is what they wanted.”
I kid you not. The transcript of this disgraceful exchange follows (video embedded right, h/t Steve Malzberg):
Story Continues Below Ad ↓
DAVID GERGEN, CNN SENIOR POLITICAL ANALYST: But what happened over the weekend with the economy and the bottom falling out of the financial markets — and we have been saying for some time on this program this is the worst financial crisis since the Depression — Alan Greenspan said on Sunday the worst economic situation he’s seen — it seems to me that there’s a real turning point now, that that momentum on McCain’s side is likely to fade. And there is the opportunity for Obama to seize the momentum back on his side. I don’t know if he’s going to do it or not. He is trying. McCain has an opportunity here as well. But there’s no question right now that this — this really dark economic situation is now going to be — is going to really — is going to, I think, blot out a lot of this question about who — the backing-and-forthing and the advertising, and focus on the issues.
ANDERSON COOPER, HOST: Right.
GERGEN: And that’s what — that’s what Obama has wanted to do. He’s now got the opportunity.
I think, personally, he’s got the critique down, but he still hasn’t provided a message about what he would do, nor has he really surrounded himself, in the way he needs to, with the Bob Rubins and the Paul Volckers and the Larry Summers and Laura Tysons, and have them as a tight unit. I think he still has to do that.
COOPER: Candy, no doubt — very quickly — on the campaign trail, it obviously played a big role today. You anticipate, in the days ahead, issue number one, it’s going to be front and center?
CANDY CROWLEY, CNN: Oh, absolutely.
I mean, listen, just as foreclosures were showing up on B-17, or in the real estate section, along comes this horrific headline out of Wall Street.
COOPER: Right.
CROWLEY: I mean, this is what they wanted. They believe, of course, that the economy is one of their strengths and that they can paint John McCain as George Bush.
Isn’t that nice? The nation’s banking system is collapsing, and members of CNN are not only discussing how it helps Obama, but are admitting that this is what his campaign wanted.
How disgraceful.
—Noel Sheppard is the Associate Editor of NewsBusters.
Its like saying, “Good, the hole in the side of the ship is bigger… maybe I can be captain now.”
Its like a rival general in the civil war being glad the other side is doing well so maybe he can replace the guy ahead of him.
They are such fools…
It’s like Cheney and Rusmfeld celebrating 9/11 because they could implement the neocon agenda.
Obama=Bush III
well I think it is just another desperate move by