The Obama campaign and its media friends prefer to send his role in the Chicago Annenberg Challenge fiasco down the memory hole. It highlights his ties to William Ayers, and it was a colossal flop,  wasting $150 million dollars.But once upon a time, when Obama was running (unsuccessfully) for Congress after just one term in the Illinois State Senate, he touted his experience with CAC as a qualification for high office. Check out this newly-discovered video:Hat tip: D PhistryUpdate -- transcript courtesy of Doug Ross:Interviewer: One of the criticisms that arises in connection with your candidacy is you simply haven't been in the Senate very long, the State Senate. You have a limited track record in terms of time, what is your argument based on the one term that you've served so far? What makes you prepared for the Congress?Obama: Well, I'm in my second term, but it's true that certainly both Senator Trotter and Congressman Rush have been in elected office longer than I have. I...(Read Full Post)