McCain’s Newest Ad: Obama’s Former Adviser, Jim Johnson and Fannie Mae
By NancyA on September 19, 2008 at 3:30 PM in Advertising, Barack Obama, Current Affairs, Housing & Housing Crisis, Obama, Politico, Vice President
This morning Ben Smith over at Poltico had this to say about McCain:
John McCain has an uphill battle to convince voters that he and his party — who have been governing for the last eight years — aren’t responsible for the current financial crisis. But he also has a case to make, in the form of his own calls to reform Fannie Mae and Freddie Mac, and of Obama’s ties to the Wall Street Democratic establishment.
With that in mind the McCain/Palin campaign released yet another ad linking an Obama ally to the Fannie Mae debacle. It is a follow up to the ad featuring Franklin Raines. Here is the latest ad starring Jim Johnson:
Of course we all remember Jim Johnson. This from the following Los Angeles Times article, Barack Obama advisor Jim Johnson quits under fire:
Jim Johnson, the former chairman of Fannie Mae who was one of three advisors tapped by Democrat Barack Obama to vet vice presidential candidates, resigned today after questions were raised about favoritism he may have received from Countrywide Financial Corp.
Insisting he had done nothing wrong, Johnson issued a statement saying that he did not want the flap over his mortgage to distract attention from Obama’s run for the presidency.
And now we stand reminded that the he was a former chairman of the housing giant, Fannie Mae, recently taken over by the feds.
The ad does however remind us that McCain warned us two year ago that Fannie Mae and Freddie Mac were in dire trouble.

















