Keating Five

Wow. John McCain has lost his mind. Today he blamed the Washington insiders and lobbyists for the economic woes of the country, which may or may not be the case. But THEN he pointed out that it’s Obama’s judgment was bad as a Senator.

Goddamn does that take balls. Balls or outright delusion. I wonder if he sleeps at all these days, but for one of the Keating Five to get up & say that shit – well, wow. He’s sunk to a whole new level.

For those of you who don’t know, the Keating Five was the group of senators who were accused of less-than-ethical practices when it came to the Savings and Loan bailout of the 1980s. (McCain has been called “the most reprehensible” of the five.)

Wow. What a piece of work. First Obama’s not in the Senate long enough to have enough experience to be President, and now he’s personally responsible to a global economic crisis. There’s actually this famous scandal pinpointing McCain’s ability to be swayed by lobbyists, and no such dirt on Obama, and he’s getting up there & righteously pointing the finger at Obama.

Wow.

8 Replies to “Keating Five”

  1. Love you to death girl but if you look at the record “Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised “poor judgment”. And the others involved
    “After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings.” I know you don’t like McCain but put the whole story out there.
    Ciao,
    Camille

  2. He just accused Obama of “poor judgment” which is exactly what that article / finding of the Senate Ethics Committee said about McCain. That’s what I was talking about – you’ll notice I used words like “accused” — and not “convicted” or even “reprimanded.”

    I expect people to read what I link to, & the Wiki entry mentions he was criminally exonerated, so didn’t think I was presenting less than the truth.

    It’s the audacity of calling Obama what he himself was accused of – on the record – while Obama has no such similar record of “poor judgment.” (On other things, perhaps, but not about lobbying interests & banking, specifically.)

    I mean, does that not amaze anyone else? This guy was at the crosshairs of a lobbying/banking scandal, and he’s pointing fingers at the other guy, who WASN’T.

    That’s one hell of a glass house he’s tossing rocks from.

  3. It just goes to show you how desperate McCain is getting. Today shows he’s slipping in the polls.

    Here’s another take on the Keating Five scandal.

    http://www.slate.com/id/1004633/

    Notice particularly:

    But Keating was more than a constituent to McCain–he was a longtime friend and associate. McCain met Keating in 1981 at a Navy League dinner in Arizona where McCain was the speaker. Keating was a former naval aviator himself, and the two men became friends. Keating raised money for McCain’s two congressional campaigns in 1982 and 1984, and for McCain’s 1986 Senate bid. By 1987, McCain campaigns had received $112,000 from Keating, his relatives, and his employees–the most received by any of the Keating Five. (Keating raised a total of $300,000 for the five senators.)

    After McCain’s election to the House in 1982, he and his family made at least nine trips at Keating’s expense, three of which were to Keating’s Bahamas retreat. McCain did not disclose the trips (as he was required to under House rules) until the scandal broke in 1989. At that point, he paid Keating $13,433 for the flights.

    And in April 1986, one year before the meeting with the regulators, McCain’s wife, Cindy, and her father invested $359,100 in a Keating strip mall.

    Also of interest:

    http://arizona.typepad.com/blog/2008/06/the-cover-ups-1.html

  4. It comes as no surprise to me that McCain will say anything, ANYTHING, to get elected. He sold his soul to Bush & Co. and the right wing evangelicals to even get this far. This is his last big hurrah. If he fails here, his public career is over. So expect lots more sleeze and mudslinging from this guy and his token Stepford wife running mate, and of course, the increasingly organized and on-message cadre of conservative talking heads. They’re counting on the public (and mass media) being too lazy, afraid of boogeymen, or just short-attention spanned to actually check any of this stuff and call him out for it. Just my 2 cents,

    Dana

  5. I think the current Mccain/Palin strategy is to contradict themselves in every other speech and then “clarify” what they meant when they’ve checked the polls for the day. They may finally be beginning to get that it’s about Main Street, not Wall Street; our wages suck, the dollar’s not worth shit, and our homes are now worth only what they were five years ago, oil prices are still obscene..yeah..must be that damn “Democratic congress”…
    McCain keeps llooking more and more like a deer in the headlights.

  6. divadarya, I’m not sure I agree 100%. I don’t think they really care. The overall strategy seems to be one that I’ve noticed before: create enough chaos and confusion and then offer yourself as the Source of Truth. The MSM doesn’t seem all *that* interested in calling politicians on their contradictions; they know as well as the politicos that the vast majority of Americans’ eyes glaze over as soon as a discussion becomes more than one or two layers deep. Hence the preponderance of sound-byte campaigns and reality TV (not so different, really). People don’t really want to have to think about the issues. As soon as it gets confusing (i.e., requiring critical thought) they just want an authority figure to “tell it like it is”. And McCain and company are more than happy to do so, even after creating the confusion themselves. Obama should be hammering on every contradiction, every discrepancy, every lie and he should take the gloves off to do so. But without the intellectualizing, without the well thought out arguments, just “McCain just lied to you again” and then present the video clips…

    -SarasNavel

  7. Sara,

    You make very good points – Obama definately needs to do a lot more to point out McCain’s contradictions and the whole Democratic party needs to be whipping out the “flipflop” word over and over again. As far as showing the videos of the contradictions – isn’t that Jon Stewart’s job? And he does it well. Lol.

    Peace,

    Dana

  8. “That’s one hell of a glass house he’s tossing rocks from.”

    Actually, it’s six. Or seven. Some odd number of glass houses, he can’t remember.

    I’ve been pestering people for months about whether or not they remember that THIS guy was part of the Keating Five, or if they even remember the Keating Five, or if they even remember the S&L crisis, which was, what? The last time we had a bailout approaching the size. Also: don’t forget Neil Bush.

    So, yeah, Maverick. Someone who would cheat at cards and shoot you if he got caught. Add to that a running mate that thinks she’s good at cards because she’s seen a deck at her neighbor’s house, and it’s enough to make you want to puke.

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