A Project of The Annenberg Public Policy Center

Obama’s Connection to Raines

Before the McCain-Palin campaign tried to link Sen. Barack Obama with political heavyweights in Chicago, the campaign claimed that Obama was being advised on the economy by Franklin Raines, former Fannie Mae CEO.
In an ad titled “Advice,” the McCain campaign makes the claim that “Obama has no background in economics.” Then it asks the question, “Who advises him?” The answer, according to the ad: “The Post says it’s Franklin Raines, for ‘advice on mortgage and housing policy.’