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The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Washington Post Starts to Reverse Itself After Pressure From Obama – But Long List of Palin Lies and Smears From the WashPost Still Go Unretracted…

Posted by iusbvision on September 19, 2008

Today the Washington Post is NOW saying that former Fannie Mae CEO Franklin Raines was not much of an adviser to Barack Obama as they reported multiple times… after MONTHS of reporting that he is. Other newspapers have reported it as well.

Our full – long and sourced article on this whole influence peddling mess that Obama is smack dab in the middle of is HERE. Its a bit of a read but WOW is it an education.

Now the Washington Post wants to say that Raines wasn’t quite the advisor they made him out to be after the Obama campaign puts on the pressure? Why didn’t Obama object to that coverage in the WashPost and other newspapers that have repeatedly said this until now? :-)

Here is the link –

The blogosphere has been reporting on recent history. is one of many pointing out some recent history:

Here are a few articles of interest about Raines from the Washington Post:

  • March 2005: Perverse executive pay forced Raines out of his job.
  • May 2006: Extensive fraud at Fannie Mae under Raines’ direction, generating over $50 million in bonuses for nonexistent growth.
  • April 2008: Raines gives up $24 million in future payouts to avoid criminal charges in Fannie Mae fraud, although most of that was in worthless options; he pays $2 million in cash.

Note that Raines continued to advise Obama even after that settlement.  It’s not as though Obama didn’t know Raines’ past.  Apparently, he just didn’t care.

Washington Post:

  • 7/16/08: “In the four years since he stepped down as Fannie Mae’s chief executive under the shadow of a $6.3 billion accounting scandal, Franklin D. Raines has been quietly constructing a new life for himself. He has shaved eight points off his golf handicap, taken a corner office in Steve Case’s D.C. conglomeration of finance, entertainment and health-care companies and more recently, taken calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters.”
  • 8/28/08: “In the current crisis, their biggest backers have been Democrats such as Senate Banking Committee Chairman Christopher J. Dodd (Conn.) and House Financial Services Committee Chairman Barney Frank (Mass.). Two members of Mr. Obama’s political circle, James A. Johnson and Franklin D. Raines, are former chief executives of Fannie Mae.

How nice of the Washington Post to start to reverse itself after all this time, hmm maybe the NYT and others got this wrong in exactly the same way.

But there is something funny, the Washington Post was the first to report smear after smear and lie after lie about Palin no retractions at all and only one “Clarification” where they refuse to admit that they blew it. ..

So Washington Post Why No Reversals or Retractions On Your Palin Smears that Were Lies – Let’s Take a Walk Down Smear Memory Lane:

First it was the smear that Palin cut finding to aid to teen mothers – Debunked HERE and HERE  – still no retraction in the WashPost article HERE.

Next it was Slate partners with the Washington Post and it appears prominently on several places on the site. They share writers whop they call “journalists”. Check HEREfor a litany of smears about Palin, her family, Christians, and Wasilla Alaska, still no retractions. Play the video to really see just how bad they are. Slate is still publishing smears to this day with no attempt to fact-check whatsoever.

The third smear is that Palin stole from Alaska by over billing and dishonestly billing for “Per Diem” charges to the state on her expense reports. The lie was easily debunked by public records and we did it HERE the Washington Post article still with NO RETRACTION is HERE.

The fourth smear is the Washington Post blatantly lying about the contents of a speech Palin made at a troop deployment ceremony. WashPost said that Palin blamed Saddam for 9/11 when she did no such thing and anyone who watched the “youtube” of the speech could see that easily. Of course they did it on page one. The lie was debunked HERE and still NO RETRACTION from the Washington Post HERE. What is so amusing is that they said that Palin claimed that she was talking about Al-Qeada and not Saddam… nothing even close to a retraction. If the video of the event wasn’t put on youtube they may have gotten away with this obvious smear.

The fifth smear from the Washington Post is that Palin is an “Earmark Queen” saying that Palin lobbied for $27 million in federal earmark spending for her population of 6,300 Wasilla when she was Mayor. A simple check of the public records exposed this as a lie. We debunked it HERE and HERE. Stll no retraction from the WashPost HERE.

This is NOT a comprehensive list I assure you, but lets change gears a bit. goes after the lies from the Washington Post and we reported it HERE. went after the Washington Post for more ridiculous coverage and we reported it HERE.

The Washington Post Ombudsman says that media coverage favors Obama, including the Washington Post’s. We reported on it HERE.

Here are the Two Ads:

UPDATE: comments HERE and HERE. Excerpt:

Jim Johnson represents more of a challenge for Obama.  He was no mere “informal adviser”; Johnson bundled money for Obama, and at least briefly helped run his VP selection committee.  What else did Johnson do?  He took over $2 million in sweetheart-deal loans from Countrywide Mortgage, through the “Friends of Angelo” program, while Fannie Mae did business with Countrywide.  He hid two-thirds of his executive compensation at Fannie through evasive techniques designed to disguise it.  In fact, both Johnson and Raines exemplify the kind of CEOs that Obama routinely demands regulation to control.

While John McCain tried to reform Fannie Mae and Freddie Mac, Obama took boatloads of their money.  While Obama talked reform and demonized CEOs, he took as advisers the very people responsible for Fannie Mae’s failure.  Which candidate will bring change, and which will bring more of the same?

The New Republic says that McCain’s Ad about Raines isn’t a lie HERE. I like how TNR stresses that HMMM Obama and Raines never contested this all the other times this was reported but NOW after the Raines ad… TNR writers are great at the unspoken narrative.

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