ABC's Moran asserted some Obama "friends" said his house purchase "looks like a sweetheart deal," but quoted no one saying that
SUMMARY: On Nightline, Terry Moran reported, "The Obamas got the home [their house in Chicago] for $300,000 below the original asking price. To critics and even some friends, it looks like a sweetheart deal." Moran later added that Obama's campaign "insists that the Obamas' purchase and the Rezko purchase were not contingent on each other and were made at fair-market prices." But Moran cited no one saying the home purchase "looks like a sweetheart deal" and did not note that, according to Bloomberg News, "[t]he couple who sold Barack Obama his Chicago home said the Illinois senator's $1.65 million bid 'was the best offer' and they didn't cut their asking price because a campaign donor bought their adjacent land, according to e-mails between Obama's presidential campaign and the seller."
In his February 25 report on ABC's Nightline, co-anchor Terry Moran reported, "The Obamas got the home [their house in Chicago] for $300,000 below the original asking price. To critics and even some friends, it looks like a sweetheart deal." Moran later added that Obama's campaign "insists that the Obamas' purchase and the Rezko purchase" -- the purchase of adjoining property by the wife of indicted businessman Antoin Rezko -- "were not contingent on each other and were made at fair-market prices." But Moran cited no one saying the home purchase "looks like a sweetheart deal" and did not note that, according to Bloomberg News, "[t]he couple who sold Barack Obama his Chicago home said the Illinois senator's $1.65 million bid 'was the best offer' and they didn't cut their asking price because a campaign donor bought their adjacent land, according to e-mails between Obama's presidential campaign and the seller."
Moreover, Moran featured commentary about Obama from two Republican state senators from Illinois, Dan Cronin and Kirk Dillard. Moran noted that Dillard, who spoke of his "respect" for Obama and of working together with Obama on legislation, is "a [Sen.] John McCain supporter." But at no point did Moran note that Cronin is also a McCain supporter and a member of McCain's "leadership team." Moran aired clips of Cronin attacking Obama's voting record, and saying of Obama's accomplishments in the Illinois Senate: "You know, I hate to burst the bubble, but there's been a lot of hype. And, you know, when he served down here, his career was not particularly distinguished. ... There were no bold solutions. There were no creative proposals to take on the establishment. He's a Cook County Democrat, and he went along with the program." McCain's campaign website lists both Cronin and Dillard as members of his "Illinois leadership team" and as "Illinois delegates."
From the February 25 edition of ABC's Nightline:
MORAN: So, he was a young politician on the make. But his colleagues -- Democrat and Republican -- say he was also eager to get things done. Kirk Dillard is a Republican state senator and a John McCain supporter, but he worked closely with Obama and has even appeared in an Obama campaign ad this year.
[...]
MORAN: There were other accomplishments during Obama's years in Springfield: expanded health care for Illinois children and reform of the state's death penalty laws. On that issue, Obama persuaded prosecutors and police chiefs to videotape interrogations and confessions, after they had declared their opposition.
But not all of his former colleagues are impressed.
CRONIN: You know, I hate to burst the bubble, but there's been a lot of hype. And, you know, when he served down here, his career was not particularly distinguished.
MORAN: Dan Cronin is a Republican state senator. He says he likes Obama, but argues that his record in Springfield is being exaggerated.
CRONIN: There were no bold solutions. There were no creative proposals to take on the establishment. He's a Cook County Democrat, and he went along with the program.
MORAN: The program, Cronin and others argue, was a traditional liberal agenda. And, in fact, Obama was considered a reliable, liberal Democratic vote in Illinois, for instance, voting for most gun control measures; opposing efforts to ban so-called partial-birth abortions; and supporting hundreds of tax increases.
DAVE McKINNEY (Chicago Sun-Times reporter): Generally, that was his voting record here. And I don't think he would shy away from that, necessarily.
[...]
MORAN: Sometimes, though, Obama wasn't there. Or rather, he was present, but not voting yea or nay. One hundred and twenty-nine times in his eight years as a state senator, Obama refused to cast a vote for or against a bill, but instead simply voted "present." It's a fairly common tactic in Illinois, but Obama used it a lot, and sometimes on issues that could have cost him politically. For instance, Obama voted "present" rather than support or oppose a bill to ban sex shops and strip clubs near schools, churches, and day-care centers, and a bill to allow juveniles who committed a crime with a gun near a school to be tried as adults.
The Obama campaign says he was trying to avoid burdening local authorities on the sex shop measure and did not think the other bill would reduce crime.
CRONIN: You really, you don't want to be recorded as a guy that can't make up your mind. I mean, there's a reason why the "present" button is yellow. Whatever it is, he didn't want to stick his neck out; he didn't want to risk alienating some group.
MORAN: The Obama campaign says that Cronin himself voted "present" 101 times while they served together. And other former colleagues dispute his characterization.
[...]
MORAN: Obama has known Rezko for almost 20 years, and Rezko has contributed mightily to his campaigns, though Obama has now given that money to charity. But Obama did buy his $1.6 million home in Chicago on the same day Rezko's wife bought the adjacent lot for more than $600,000 -- a deal that satisfied the seller, who wanted to sell both properties at the same time. The Obamas got the home for $300,000 below the original asking price. To critics and even some friends, it looks like a sweetheart deal.
MORAN: Bother you?
DILLARD: Certainly bothers me. Clearly a lapse of judgment. And, you know, if you're going to be the governor of a major state or the president of the United States, you've got to be very careful who you surround yourself with.
MORAN: Obama has called the house deal a boneheaded mistake, and his campaign insists that the Obamas' purchase and the Rezko purchase were not contingent on each other and were made at fair-market prices. But the issue is unlikely to go away.

















Right now, Republican randall 'duke' cunningham is sitting in a Federal Penitentiary, and he's laughing at the thought of it:
"Boy oh boy, if only I had just purchased a home at merely a good price, then there never would have been the evidence trail of "bribe-reduced prices" of houses and yachts and antiques and rugs and Rolls Royces, that landed me here, in the Federal Pen!"
(Actually, I don't really think Republican randall 'duke' cunningham would be laughing at that thought... I think it's me that thinks it funny)
This story sucks - It's just ridiculous to make it sound like Obama got the house for a steal.
$300,000 sound like a lot of money - and that's the figure always used by anyone trying to make something of the deal. But as a percentage of the asking price it was less than a 15% discount! I'm sure that of all homes sold in America during this housing slump, a percentage discount of 15% is pretty near the norm - with the more expensive homes having a larger discount percentage.
I just wanna roll over and take a nap every time I read about this "scandal".
Well, you have to look at the house and adjacent land together, because both were for sale at the same time. Would Obama have been able to buy the house, or buy it at the price he did, if Rezko hadn't bought the adjacent property for as much as he (Rezko) paid for it ?
UK Times reported this yesterday, expect to see this in the MSM soon:
http://www.timesonline.co.uk/tol/news/world/us_and_americas/us_elections/article3433485.ece
A British-Iraqi billionaire lent millions of dollars to Barack Obama's fundraiser just weeks before an imprudent land deal that has returned to haunt the presidential contender, an investigation by The Times discloses.
The money transfer raises the question of whether funds from Nadhmi Auchi, one of Britain’s wealthiest men, helped Mr Obama buy his mock Georgian mansion in Chicago.
A company related to Mr Auchi, who has a conviction for corruption in France, registered the loan to Mr Obama's bagman Antoin "Tony" Rezko on May 23 2005. Mr Auchi says the loan, through the Panamanian company Fintrade Services SA, was for $3.5 million.
Three weeks later, Mr Obama bought a house on the city's South Side while Mr Rezko's wife bought the garden plot next door from the same seller on the same day, June 15.
I don’t see how Rezko get’s labeled as Obama’s “bagman” here. It’s just a word used by some hack UK journalist. How is anyone drawing a line to Obama out of a money transfer to the guy he bought the house from? Because Rezko did fundraising for Obama’s campaign this means….? What? I don’t get the “scandal” here. I don’t care if Al Copone owned the damn house – how does that automatically make Obama a criminal for buying it? Like I said – the story sucks – and so does the UK “story” – it means nothing.
Antoin "Tony" Rezko, a Syrian immigrant to the United States, had been on bail, but was locked up for violating his bail and will be kept behind bars until his trial starts Feb. 25. FBI agents learned Rezko had secretly received more than $3.5 million in a wire transfer from Beirut, Lebanon, which was a violation of his bail terms. According to the court papers, the money came from a company, General Mediterranean, owned by a British-based Iraqi billionaire, Nadhmi Auchi, who was convicted in France on fraud charges. Prosecutors said Rezko may have been preparing to flee the country prior to the trial.
Ok, so this is all about “appearances”, sort of like the Bill Clinton - Canadian “mining financier” Frank Giustra “scandal” last month? Only this one only involves Obama by proxy.
I’m sure there are public records of Obama’s home purchase. Now if there is no mortgage on the house, I might accept that it is more than just an “appearance” of impropriety and the cash went to pay for Obama’s house. In that case Obama is toast. Anything short of that, all anyone has on Obama is that he is a guy who bought some land adjacent to his property and the owner happens to be a shady character. WARNING: Be careful if you’re a politician – now your ethics will be judged by who owns the vacant lot next door. Conspiracy theorists need to get a life.
Perhaps if Barack Obama hadn’t proposed a sweeping set of federal reforms to combat mortgage fraud in 2006 these corporate hacks wouldn’t be after him? Any correlation here, I wonder? hmmm
For months, reporters have been digging around a land deal between Barack Obama and indicted political fixer Tony Rezko. Despite article after article finding no legal wrongdoing (but suggesting that some was at hand) Obama’s political opponents have continued to use the event to suggest the Senator somehow did something illegal.
Now, the couple that the Obamas actually bought their property from has come out and said the Obamas got the property because they offered the best price for it.
The report proves that there is little substance (not that there ever was any to begin with) to the repeated suggestions that the Obamas behaved improperly in buying said property. But given the fact-free generic attack plan the Republicans were touting yesterday, and the heated state of the primary race, this may not go away soon the way it should.
http://www.thecarpetbaggerreport.com/archives/14619.html
Let's see... housing market is in freefall and Barack counteroffered with a 15% lower price which the owner accepted. And this is a scandal because his "friend" who bought the piece of land next door was too stupid to counteroffer too. Boy, hang 'em high!
The housing market in Chicago wasn't in a freefall in June 2005 when Obama and Rezko bought their adjoining properties.
So if Moran left out a specific fact that essentially changes the story from truth to a lie or makes it seem that Obama had a 'sweetheart' deal as opposed to a legitimate purchase.......
Is he interviewing for a job at FOX Noise, in case things don't work out at ABC?
Nameless sources say that when Obama bought his house it "looked like a sweetheart deal" and this is a news story???
I guess you never talk to anyone who lives near Chicago. If this "scandal" didn't ruin him in his own state two years ago, I doubt it could grow new feet to attack him on a national level. It's baseless in everyone's mind but the wingnuts. Surprised?
I meant it will be another scandal that wingnuts claim is fact.
Don't get to go to chicago much anymore, but love the different cultures. I can eat greek, polish, italian, african, dang near anything that is out there!
The food is good too.
So when i someone going to start a cable news network that is dedicated to telling the truth? God only knows there's enough misinformation out there to keep them busy 24/7 - and without the Lock-Up and Catch-a-Predator fills.
You listening Mr. Soros?
I guess you never talk to anyone who lives near Chicago. If this "scandal" didn't ruin him in his own state two years ago, I doubt it could grow new feet to attack him on a national level. It's baseless in everyone's mind but the wingnuts. Surprised?
Well, I live in Chicago and it's still a news item here. It's only baseless to the Obama supporters.
Well then I'm sure he'll welcome his move to Washington to get away from the wingnuts in Chicago. BTW, The Vince Foster suicide is still news in some parts. <Yawn>
His enemies are always going to believe what they want to believe or WISH were true and project their thoughts on others as fact. I, or anyone, should be surprised about this?
In case anyone missed what I pointed out earlier... Perhaps if Obama hadn’t proposed a sweeping set of federal reforms to combat mortgage fraud in 2006 these corporate hacks wouldn’t be after him? Any correlation here, I wonder? hmmm
The thing I most took away from this story was about how one of the people in there was criticizing Obama, a democrat, for going along with the program of Cook County Democrats. God forbid you do something for your party and all.
"Cook County Democrat" is an epithet referring to corrupt politics.
How the hell is saying that it may have been a "sweetheart deal" a Media Matters issue. My God, you all are turning into a freakin gossip group. Could it be that MM have drank the Kool-Aid too? Please say it isn't so. Stick to the REAL issues media matters.