Sue Dvorsky, the Iowa Democratic chairwoman, today announced Emanuel's appearance at the annual Jefferson Jackson Dinner. In a statement, she called Emanuel “one of the great advocates for Democratic values and middle class opportunity throughout his service in both the Clinton and Obama administrations, as a leader in Congress, and now at the helm of the great city of Chicago.”(Oh yeah, chief of staff.) Some reaction:
Emanuel previously served as a fundraiser and top adviser for President Bill Clinton and later served as Obama’s chief of staff...
Rahm, middle class populist--the guy who made the big bucks fast during his "public-private" partnership:
When Emanuel first ran for the House in 2002, he was casting himself as a populist and he worried that voters might be turned off by his mega million salary, so he tested whether there was a backlash in a focus group.How much have Fannie and Freddie cost us?:
Emanuel made $6,491,000 in 2001 as a managing director of Dresdner Kleinwort Wasserstein. One of Emanuel's clients was Loral Inc., whose CEO, Bernard Schwartz, has been one of the Democratic Party's biggest donors. Another Emanuel client was Slim-Fast, whose founder S. Daniel Abraham, has been another giant Democratic donor.
Emanuel's official biographies have always been selective about his job history: most bios even skip that he was a member of the Chicago Housing Authority Board, a curious omission for someone running for Chicago mayor. Emanuel rarely brings up--his rivals do --his boondoggle service on the quasi-governmental Freddie Mac board, which paid him $231,655 in director's fees in 2001 and $31,060 in 2000. Former President Clinton appointed Emanuel to Freddie Mac.
This is the best Obama can do in Iowa? The I can't recall guy who's the embodiment of crony capitalism? Will he take the Vader bus. That's what I wanna know.President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by ABCNews.com.According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.[snip]The actions by Freddie Mac are cited by some economists as the beginning of the country's economic meltdown.The federal government this year was forced to take over Freddie Mac and a sister federal mortgage agency, Fannie Mae, pledging at least $200 billion in public funds.
P.S. Here's some heartland: Related post: They're not swooning for O any more