Thursday, August 21, 2008

New McCain ad: 'Housing Problem'

Background on Tony Rezko:
On June 15, 2005, Obama bought a gorgeous house in Hyde Park for $1.65 million - $300,000 below the list price. Rezko bought the empty but attractive lot next door from the same seller at the same time; Obama would later buy part of Rezko's lot, overpaying him. . . .
Rezko was a genius of corporate welfare who enriched himself at taxpayers' expense, both legally and illegally, via his multiple political connections. . . . Rezko depended on Obama when he wanted legal access to the state treasury. The arrangement was a far cry from Obama's image of "change and hope." . . .
[S]everal of his official acts benefited Rezko, who in turn raised some $250,000 for Obama's campaigns.
In October 1998, Obama wrote city and state officials, urging them to give Rezko $14 million to build an apartment complex outside of Obama's state Senate district.

Old-style Chicago politics.

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