Jim Johnson, Barack Obama’s advisor leading the search for a vice presidential running mate, has been outed as a beneficiary of favorable loans from Countrywide Home Loans. This revelation follows months of Barack Obama making scathing speeches accusing Countrywide of creating the mortgage loan crisis.
According to FoxNews, this issue is a major controversy. Really? Barack Obama gave free ad space to Countrywide (P.T. Barnum, I think, said something about any publicity being good publicity…) and an advisor of his used a friendship to benefit himself and his housing issues. This sounds like “much ado about nothing.”
The controversy should be that Obama provided free advertising for a company from which his buddy and campaign associate received a benefit. Wasn’t it the mortgage loans that got the Clintons and McDougals got in trouble with Whitewater?