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So McDishonor is going full bore with the smear campaign. Ayers and Obama and how they apparently funded a "Ayers and Obama ran a radical "education" foundation, together.
They wrote the foundation's by-laws, together.
Obama was the foundation's first chairman. "

There's just one, teensy, tiny problem.

That photo is from 1981, and it shows President Reagan with Walter and Leonore Annenberg. Walter Annenberg was a billionaire, philanthropist, and a pretty well known Republican, friend of both Richard Nixon and Ronald Reagan.
Why is this significant? Because the so-called "radical education foundation" that Obama and Ayers served on was actually the Chicago Annenberg Challenge, an initative started by the Annenberg Foundation to promote public school reform that was the brainchild of Annenberg himself.
Here's another delicious nugget, Sen. McCain, if you consider the program "radical." The program was actually a pretty unique hybrid that in many ways espoused the conservative viewpoint of using private money, rather than public funds, to reform education. Indeed, this was one of those "private-public" collaborations that Republicans were fond of promoting (or least used to be fond of promoting until you came along, Sen. McCain). The Annenberg Foundation matched 2-to-1 every public dollar spent on the project.
Annenberg, that pesky radical, started the program with this goal in mind:

"Everybody around the world wants to send their kids to our universities. South America, Asia, Europe, all of them. But nobody wants to send their kids here to public school. Who would, especially in a big city? Nobody. So we've got to do something. If we don't, our civilization will collapse."

So Annenberg ponied up the dough, and the Annenberg Foundation solicited grant applications from around the country. Guess who's grant application won? That's right, William Ayers
I mean, my God, Senator McCain...Walter Annenberg, friend of the Reagans, gave nearly $50 million dollars to a well known terrorist? To improve public schools? Did the Reagans know about this? What could the implications possibly be??? And it gets more exiquiste, if you can imagine that