Hope, Change, Obama, Rainbows and Unicorns

November 4, 2008 · Filed Under News, Opinion · Comments 

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I’ve got to give this to Barack Obama - he sure is a good salesman.

Despite the reality that his increased spending, promised tax cuts and welfare checks are simply not feasible, he’s sold his story to lots of people who think he’s going to give them a free ride.

One woman, Peggy Joseph, took her daughter out of school early to attend an Obama rally and she couldn’t contain her joy about what would be in store if Obama were to be elected.

“I won’t have to worry about putting gas in my car. I won’t have to worry about paying my mortgage. You know, if I help him, he’s going to help me.”

Poor Peggy, she is in for a surprise.

Sketchy Mortgage Deal in the Obama’s House

July 6, 2008 · Filed Under News, Tony Rezko · Comments 

There has been some, not a lot, of coverage in the mainstream media about Obama’s real estate scandal with Tony Rezko, but now stories are surfacing about a questionable mortgage arrangement.

Obama was a big critic of the Countrywide Financial Corp., who he labeled as “the people who are responsible for infecting the economy and helping to create a home foreclosure crisis,” at a town hall meeting in Lancaster, PA this past March.

Is something fishy about the Obama mortgage for the house he purchased in 2005?

Obama bought a $1.65 million restored Georgian mansion after locking in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage from Northern Trust in Illinois.

This was below the average for such loans at the time in Chicago.

Interestingly, Obama spokesman Ben LaBolt admitted that “The Obamas have since had as much as $3 million invested through Northern Trust,” in a statement.

So, if Obama thought it was a “bone-headed mistake” to engage in a questionable real estate deal with Tony Rezko, who was convicted last month on 16 counts of fraud and money laundering, what is the story with this mortgage?

Another sweetheart deal for a mortgage like Chris Dodd got?

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