Changes

Illustrating Emanuel's penchant for exploiting crises for political gain, he remarked, "A crisis is a terrible thing to waste." <ref>[http://www.youtube.com/watch?v=1yeA_kHHLow Rahm Emanuel]YouTube- you never want a serious crisis video</ref><ref>[http://online.wsj.com/article/SB122721278056345271.html?mod=googlenews_wsj]</ref>

Illustrating Emanuel's penchant for exploiting crises for political gain, he remarked, "A crisis is a terrible thing to waste." <ref>[http://www.youtube.com/watch?v=1yeA_kHHLow Rahm Emanuel]YouTube- you never want a serious crisis video</ref><ref>[http://online.wsj.com/article/SB122721278056345271.html?mod=googlenews_wsj]</ref>

Prior to his election to Congress, he had worked in the [[Bill Clinton]] White House from 1993-1998, first serving as Assistant to the President for Political Affairs, and then Senior Adviser to the President for Policy and Strategy.  He also worked as a banker in Chicago, and is known for his highly aggressive style. Emanuel served on the board of scandal-plagued quasi-governmental mortgage giant Freddie Mac. <ref>http://online.wsj.com/article/SB122610420534009957.html</ref> While Emanuel was on the Freddie Mac board, the SEC charged that organization with accounting fraud.

Prior to his election to Congress, he had worked in the [[Bill Clinton]] White House from 1993-1998, first serving as Assistant to the President for Political Affairs, and then Senior Adviser to the President for Policy and Strategy.  He also worked as a banker in Chicago, and is known for his highly aggressive style. Emanuel was appointed to the board of scandal-plagued quasi-governmental mortgage giant Freddie Mac by President Clinton. <ref>http://online.wsj.com/article/SB122610420534009957.html</ref><ref>[http://abcnews.go.com/Blotter/story?id=6201900&page=1 Emanuel Was Director Of Freddie Mac During Scandal], ABC News,

November 7, 2008.</ref>  While Emanuel was on the Freddie Mac board, Freddie Mac misreported its net income in 2000 by 30.5 percent, in 2001 by 23.9 percent and 2002 by 42.9 percent according to the SEC.  Freddie Mac's failure is regarded as one of the precipitating events of the [[Financial_Crisis_of_2008#2008_crises| Financial Crisis of 2008]].  

In the White House Emanuel's aggressive demands for a stimulus package won passage of the liberals' [[American Recovery and Reinvestment Act of 2009|$789 billion bill]] in February, but alienated Republicans (only three of whom voted for it). His seizure of control of the Census Bureau from the Commerce department led Senator [[Judd Gregg]], a leading Republican, to reverse himself and reject the job of Secretary of Commerce. Emanuel released control of the census to head off complaiints of political interference.  

In the White House Emanuel's aggressive demands for a stimulus package won passage of the liberals' [[American Recovery and Reinvestment Act of 2009|$789 billion bill]] in February, but alienated Republicans (only three of whom voted for it). His seizure of control of the Census Bureau from the Commerce department led Senator [[Judd Gregg]], a leading Republican, to reverse himself and reject the job of Secretary of Commerce. Emanuel released control of the census to head off complaiints of political interference.