ABC News, the only news outlet among the Big 3 of the old network news shows doing commendable work covering Barack Obama, has a report that Barack Obama boasted about steering large amounts of state money to African-American owned investment firms in Chicago. He neglected to mention that the head of one of these firms has been a key fundraiser for him over the years, that the firm's employees have given quite generously to his campaigns, and has allowed him to use company-owned jets (hasn't the New York Times attacked John McCain for using his wife's company's private jet?). Obama claimed that the investment firms had  excellent investment performances that justified the steering of funds to them. Well, time for a fact-check (Washington Post-time to step up to the plate). In fact, the major beneficiary of Barack Obama's efforts has been the Ariel Fund headed by John Rogers, whose mother is a power broker in Chicago and Illinois politics. The fund's investment performance...(Read Full Post)