It's all about change when you hear Sen.
Barack Obama addressing his faithful, and they cling to every word he says the way a
Scientologist accepts the teachings of L. Ron Hubbard. Fortunately, there are some of us in the
blogosphere offering a reality check on the guy. After
Obama's long-time friend and political supporter was found guilty on multiple counts of corrupt influence,
Obama said he was saddened and it wasn't the man he knew. He's offered similar explanations when the weird and racist rantings of his spiritual advisers became known. The Sun-Times' Lynn Sweet tells us that
Obama invited his
closest friends, political fundraisers and advisers to travel with him to Minneapolis to bask in victory Tuesday night. So let's take a look at who these folks are.
=>Topping the list is
Valerie Jarrett. She is a one-time Chief Deputy Mayor to Richard Daley and heads up the Chicago Transit Authority. She is also the CEO of
The Habitat Company, which is the largest private residential manager in Chicago according to its website and which does business with the City of Chicago managing the housing program for the Chicago Housing Authority. She has served on
Obama's campaign finance committee, alongside Tony
Rezko, with whom The Habitat Company also has business ties. The U.S. Attorney's office in Chicago has prosecuted numerous figures in the Daley administration for pervasive fraud in hiring and contracting during Jarrett's tenure at City Hall and more are awaiting prosecution.
=>Marty
Nesbitt is treasurer for
Obama's presidential campaign. He is the CEO of the Parking Spot, a parking garage company financed with the help of the billionaire
Pritzker family of Chicago.
Nesbitt is chairman of the Chicago Housing Authority, which has contracts with Jarrett's The Habitat Company.
Rezko and
Obama legal pal, Allison Davis, have enjoyed
sweetheart business deals with the Chicago Housing Authority. Davis' business partner, William
Moorhead, was sent to prison for stealing more than a $1 million from public housing projects he managed for the
CHA. As a state senator,
Obama wrote letters to Chicago and state officials to help
Rezko obtain $14 million from taxpayers to build housing for senior citizens in Chicago.
=>Billionaire real estate magnate Penny
Pritzker is
Obama's national finance director. Her family's money financed
Nesbitt's business. The
Pritzker family owned and Penny helped direct Superior Bank, which was
closed by OTS and FDIC. The bank failed in 2002 after it used investors money to purchase
sub-prime mortgages for
securitization. The bank is believed to be one of the first in the nation to engage in the riskier practice of bundling up these
sub-prime mortgages and selling them as securities. Earl Hutchinson wrote of
Pritzker and Superior Bank at the
Huffington Post: "The bank's sordid story and its abominable role in fueling the sub-prime crisis are well known and documented. It engaged in deceptive and faulty lending, questionable accounting practices, and charged hidden fees. It did it with the sleepy-eyed see-no-evil oversight of federal. It made thousands of dubious loans to mostly poor, strapped homeowners. A disproportionate number of them were minority."
=>John Rodgers, another chief finance director for
Obama's campaign, is the founder of Ariel Investment. As a state senator,
Obama appeared before a board overseeing investment of Illinois pension funds to urge the use of more minority-owned businesses, including Ariel. After
Obama's pitch, state pension assets managed by Ariel grew substantially. After U.S. Attorney Patrick Fitzgerald began investigatng
Rezko and other sleazebag influence peddlers for using corrupt influence to affect the awarding of investments through kickbacks, the Illinois Teacher Retirement System
severed its ties with Ariel, citing insufficient returns on investments.
=>Industrial magnate Jim Crown of the Chicago Crown family is my personal favorite. The patriarch of the Crown family is Lester Crown. The billionaire Crown family first became famous for its one-time ownership of the Empire State Building. The family also founded the infamous Material Service Company and has been a major stakeholder in General Dynamics, a major U.S. defense contractor. Material Service conspired with several Illinois lawmakers in the 1970s to pass legislation beneficial to the cement industry in exchange for bribes. Jim Crown's father, Lester, testified in a
federal criminal trial that he authorized the payment of tens of thousands of dollars to lawmakers to secure passage of the pro-industry legislation. Federal prosecutors gave Lester and his Material Service Company sweeping immunity from prosecution in consideration for his testimony. My own legislator in Illinois at that time, State Rep. Robert Craig (D-
Danville), was convicted of accepting a bribe from Crown, along with a half dozen other legislators. After the trial, state lawmakers passed a law imposing a lifetime prohibition for any company like Material Service which had been convicted or had admitted under oath that it had bribed a public official from doing business with the State of Illinois. The law became known as The Lester Crown Law. When I worked for the Illinois legislature in the 1980s, almost every session someone would try to sneak an amendment through to repeal this law. Each time, an alert lawmaker, prompted by a staff member like myself, would simply have to rise and mention the name of Lester Crown in debate and the amendment would be
resoundingly defeated. I'm really comforted to learn that Obama has entrusted a member of the Crown family as a close confidante. The
Obama campaign has
trotted out Lester Crown, a big supporter of Israel, to defend him against allegations his support for Israel is soft. Of course, Crown's General Dynamics sells weapon systems to Israel.
And then Obama
named three persons to a search committee for his vice presidential running mate. It includes Eric Holder, Jim Johnson and Caroline Kennedy. As Deputy Attorney General in the Clinton administration, Holder gave a green light to and aided former White House counsel Jack Quinn in obtaining a presidential pardon for Marc Rich, the biggest tax cheat in American history. Johnson lives on the top floor of Washington D.C.'s Ritz-Carlton Hotel. The quintessential beltway insider, Johnson's wealth and political power are closely related. He's served on all kinds of corporate boards, including United Health and Goldman Sachs, and all that that implies.
Enough said. Will the Obama folks please explain why a skeptic might ask, "Where's the change?"