McCain Owns 7 Houses and Obama only owns...

Radio Refugee · #1 (**permalink**) 09-23-2008, 09:37 AM

McCain owns 7 houses and Obama only owns one convicted felon slum-lord. Talk about inequity.

Risk Real Estate, Chicago Style

Quote:

Appelbaum’s piece gives some sense of just how closely Obama was, and still is, tied to the slum-lord world. He’s taken contributions from its big players and pushed legislation favorable to them. His closest ally in that sphere has been Rezko, who raised $250,000 for Obama’s campaigns before being convicted on unrelated corruption charges earlier this year.

Rezko had been leveraging his fundraising abilities to win alliances with other politicians long before Obama got his start. He applied for his first subsidized-housing loan from the City of Chicago six days after Mayor Richard M. Daley’s election in 1989. Within the first six years of Daley’s reign, Rezko’s company, Rezmar, received $24 million in government loans and $8.5 million in federal tax credits. Over the following decade, it would rake in more than $100 million in loans from the city, state, and federal governments, as well as private bank loans to fix up 30 Chicago buildings for low-income public housing.

Despite all this cheap and free taxpayer money, all of Rezko’s 30 buildings eventually ran into financial difficulties. As of 2007, 17 had gone into foreclosure. Six were boarded up and abandoned.

The City of Chicago sued Rezmar at least a dozen times for failing to heat its properties. During the winter of 1997, Rezmar claimed it lacked the funds to heat a 31-unit building in Englewood on the south side of Chicago — one of eleven Rezmar buildings in Obama’s state-senate district. Tenants there went without heat from late December 1996 through mid-February 1997. Despite his company’s financial hardship, Rezko signed a $1,000 check for the campaign fund of the newly elected state senator Barack Obama on January 14, 1997.

formerroadie · #2 (**permalink**) 09-23-2008, 10:02 AM

Quote:

Originally Posted by Radio Refugee

McCain owns 7 houses and Obama only owns one convicted felon slum-lord. Talk about inequity.

Risk Real Estate, Chicago Style

The article states:

There is no indication that Obama approved (or even knew) of the massive and systemic neglect of these properties in his own state-senate district.

nuff said.

XVZ · #3 (**permalink**) 09-23-2008, 10:05 AM

Quote:

Originally Posted by formerroadie

The article states:

There is no indication that Obama approved (or even knew) of the massive and systemic neglect of these properties in his own state-senate district.

nuff said.

You are right. Obama is an ignoramus. Vote McCain.

MrRelevant · #4 (**permalink**) 09-23-2008, 10:11 AM

Quote:

Originally Posted by formerroadie

The article states:

There is no indication that Obama approved (or even knew) of the massive and systemic neglect of these properties in his own state-senate district.

nuff said.

Well if he approved the neglect Id wager hed be bounced from this campaign quickly,the fact he didnt know is just par for the course for Obama.

Interesting you seem to think this quote vindicates him somehow.

Radio Refugee · #5 (**permalink**) 09-23-2008, 10:50 AM

Quote:

Originally Posted by formerroadie

The article states:

There is no indication that Obama approved (or even knew) of the massive and systemic neglect of these properties in his own state-senate district.

nuff said.

I like the attitude. Obama was unable to identify the suffering of his constituents at the hands of a close associate so it's not any of his problem?

You can't possibly be serious.

Sly · #6 (**permalink**) 09-23-2008, 11:01 AM

Quote:

Originally Posted by Radio Refugee

Obama was unable to identify the suffering of his constituents at the hands of a close associate so it's not any of his problem?

Unless it was brought to attention how would he know? If you can provide anything that Obama neglected his constituents, you may have something.

Radio Refugee · #7 (**permalink**) 09-23-2008, 11:05 AM

Quote:

Originally Posted by Sly

Unless it was brought to attention how would he know? If you can provide anything that Obama neglected his constituents, you may have something.

Kinda like this?

farmer_fred · #8 (**permalink**) 09-23-2008, 12:39 PM

At least Obama's wife wasn't stealing their drugs.

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