Obama is guilty and vulnerable. He's a Svengali...but can he pull off his parade of lies!See video on next page...

Obama is guilty and vulnerable. He's a Svengali...but can he pull off this parade of lies!

The McCain campaign is continuing to hammer Barack Obama over his connections to Fannie Mae executives, which he laid out in his speech this morning, this time releasing a new national TV ad targeting former CEO Jim Johnson:"Fannie cooked the books and Johnson made millions," the announcer says. "Then Obama asked him to pick his VP, and raise thousands for his campaign."It's interesting that the second ad on the Fannie Mae issue goes after Jim Johnson, whose connections to Obama are much more substantial than they ever were for Franklin Raines, the target of the first ad. Then again, as we noted yesterday, Raines is black and Johnson is white.

In the dock this time: Jim Johnson, former Fannie Mae chief who Obama tapped to lead his VP search.“Fannie cooked the books and Johnson made millions. Then Obama asked him to pick his VP… Barack Obama. More empty words.” Watch it above. Read script here.