Was Obama an Employee of William Ayers?

The left wing blog site, No Quarter, notes something shocking that has not gotten really any attention:

Barack also was essentially an employee of Bill Ayers for eight years.

In 1995, the Chicago Annenberg Challenge was created to raise funds to help reform the Chicago public schools. One of the architects of the Challenge was none other than Professor Bill Ayers. Ayers co-wrote the initial grant proposal and proudly lists himself on his own website as the co-founder of the Challenge.

And who did William Ayers, co-creator of the Challenge, help select as the new director of the board for this program? Barack Obama. Barack Obama was the first Chairman of the Board of the Chicago Annenberg Challenge. This appointment came at a crucial time in Barack’s life. He was on the verge of challenging longtime state Senator Alice Palmer for her job. When Barack decided to run, it is no surprise that he turned to William Ayers and his wife, Bernardine Dohrn for help in organizing the campaign and in hosting his first fundraiser in the district.