RE: request for comment from USA Today

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could point Ken to BO's statement on Rahm's reputation for getting stuff done. And, heavy push on Rahm's efforts on economic rescue package - ensuring taxpayers put ahead of wall street, accountability, oversight, etc. From: Dan Pfeiffer Sent: Thursday, November 06, 2008 3:12 PM To: David Axelrod (AKPD Media); 'John Podesta'; Anita Dunn; Stephanie Cutter; [email protected]; Robert Gibbs Subject: FW: request for comment from USA Today Not sure what good it does for us to be in DC? From: Dilanian, Ken [mailto:[email protected]] Sent: Thursday, November 06, 2008 3:09 PM To: Stephanie Cutter; Dan Pfeiffer Cc: Nick Shapiro Subject: request for comment from USA Today Hi, guys, we're putting together a story for tomorrow on Rahm's finances and his fundraising. It's nothing that hasn't been reported, but I wanted to invite some comment from the team, particularly given what Boeher is saying. The story will say that In selecting Emanuel as his chief of staff, Obama is turning to someone who made millions $16.2 million as an investment banker after leaving the Clinton White House, was paid $292,774 to serving on the board of a problem-plagued government mortgage company, and then became a top recipient of Wall Street campaign money as a member of Congress, records show. After leaving his job as a senior adviser to President Bill Clinton in late 1998, Emanuel joined an investment firm run by a top Clinton donor, Bruce Wasserstein. With no background in finance, Emanuel was paid $16.2 million over 2 1/2 years, according to his financial disclosure statements, after helping the firm win business from other top Clinton donors. For 14 months from 2000 to 2001, he served on the board of Freddie Mac, the mortgage company that was taken over by the government earlier this year after the collapse of its risky investments rendered it insolvent. In 2002 he reported $27,280 in income from exercising stock options in addition to the directors fees, according to his Congressional disclosure statements. In 2002, Emanuel loaned himself $450,000 from his new fortune to help finance his 2002 congressional campaign. In Congress, Emanuel became a top recipient of Wall Street campaign money as part of the Democratic Congressional leadership, records show. Unlike Obama, Emanuel accepts donations from federal lobbyists and Political Action Committees. Over the 2007-2008 election cycle, he raised more than $1 million from PACs and $58,690 from lobbyists, according to the non-partisan Center for Responsive Politics. He was the single largest recipient in Congress from employees of, and PACs connected to, hedge funds and private equity firms, according to the Center. Last year, when Democrats moved to nix a tax loophole for private equity managers, Emanual wrote a memo arguing against the idea after meeting with his single biggest contributor, executives of a Chicago private equity firm. Republicans were quick to seize on what they saw as a contradiction between Emanuel's background and Obama's pledges. "This is an ironic choice for a President-elect who has promised to change Washington, make politics more civil, and govern from the center," House Minority Leader John Boehner said in a statement. Let me know if you can give me anything. Thanks a lot. Ken Dilanian Reporter USA Today Washington Bureau 1100 New York Avenue, NW Washington, DC 20005-3934 (202) 906-8164