I just heard Michelle Bernard on MSNBC laud Obama's Rahm Emanuel pick because he'll be able to reign in the left. Marc Ambinder echoes this point: "Advisers say that Obama has sent a not-so-subtle message to Congress: President-Elect Obama will not cede much agenda-setting ground to liberals."
So get ready to be kicked in the face, which progressives have clearlyargued iswhy Rahmis theideal pick, ushering in a new spirit of take-no-prisoners Democrats. He'll also effectively protect Obama from attacks from the right, since they'll be way too scared of him to mention Emanuel's tenure on the board of Freddie Mac.
President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by ABCNews.com.
According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.
Emanuel was not named in the SEC complaint (click here to read) but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) (click here to read) of having "failed in its duty to follow up on matters brought to its attention."
Nope, no problems here. Rahm's just a take no prisoners effective fighter who knows both sides of Pennsylvania avenue and the business community.