Chicago Sun-Times
The scoop from Washington

As Obama presses McCain on Keating 5, McCain push back

| 23 Comments

WASHINGTON--With the Obama campaign raising John McCain's role in the Keating 5 scandal--a 20 something year old subject unvisited until McCain started up about Obama and Bill Ayers, the McCain campaign is having a conference call now featuring McCain attorney John Dowd.

Bottom line, said Dowd, "John had not violated any rules of the Senate or laws of the United States."

The conference call came as an Obama web "documentary" called "Keating economics, John McCain and the making of a financial crisis" started.


23 Comments

It's not really important if McCain violated any laws. The big picture is his push for deregulation that removed oversight of the Savings and Loans. That collapse cost taxpayers $250 billion. You combine that with the $750 billion dollar bill we just received due to, guess what, deregulation, and we find the Maverick has helped cost this country over $1 trillion due to his policies.

Myself, my children, nor my grandchildren cannot afford another Republican administration.

finally a democrat who fights back (with facts to boot).

also, mccain wasn't 8 when this was going on like obama was vis-a-vis ayers' sixties activities; he was in his 50's.


"John had not violated any rules of the Senate or laws of the United States."
Much too often, the abuse of Congressional behavior does not fall within the range of rules or laws of common decency. The "deniability" clause; profuse with much of the questionable decisions and the "failure to act" in matters of importance in human affairs, is the valve that shuts off meaningful inspection. Gore Vidal coined an applicable phrase, "The United States of Amnesia"; a seemingly incurable malady affecting large masses of the electorate. It bodes ill when just men cause injustice to percolate by their inactions. It is terminal stage when "just" men hinder such acts by direct force and seek to expand it further.

McCain has been fully investigated for his role in the Keating affair. His participation involved all of 2 meetings for which he got a slap on the wrist. If that's the best Obama can come up with, that's great. Obama has not legitimized McCain's character attacks, however, which will not favor Obama. To boot, if Obama is running on hope and change, how is this tit-for-tat attack any different than any other politco before him? He is retreating from the very fabric of his campaign.

McCain has been fully investigated for his role in the Keating affair. His participation involved all of 2 meetings for which he got a slap on the wrist. If that's the best Obama can come up with, that's great. Obama has now legitimized McCain's character attacks, however, which will not favor Obama. To boot, if Obama is running on hope and change, how is this tit-for-tat attack any different than any other politco before him? He is retreating from the very fabric of his campaign.

Oh well McCain, you started it, so Obama is going to finish it.

After the disgusting campaign you endured in South Carolina back in 2000 one would think you would tred lightly in this area.

If you open the door to mudslinging, do expected to get hit too.

I think Obama should bring up Todd Palin's membership into the Alaska session group. They are unpatriotic and un-American for wanting to separate themselves from this great union.

Don't forget to mention Sarah's strange church prayers for the gays to make them straight and her Kenyan preacher to help her preach away witches.

Yeah, don't forget the Texas pastor Hegge (sp) that John supported. He said some disgusting things about America and 9-11.

The list can go on and on.

I lived in AZ when this happened and had friends who lost everything. Convicted or not, he was extremely culpable. His hero status saved the day for him.
He and his cronies have brought America to its knees. His decision making skills are severely lacking now as they were then. When someone shows you what they are, you should believe them. After 30+ years in AZ, I believe John McCain has but one interest...John McCain. That is what he showed me.

Ough whee! McCain looks pretty bad on this one. This is one video he doesn't want swing voters to see.

I think the final points that William Black makes in the McCain/Keating video are the most telling.

Black, a financial regulator, has observed John McCain for 20 years. His conclusion?

John McCain just doesn't have good judgment in economics or in economic advisers, as evidenced by his actions in the last major financial crisis and in the present one.

In retrospect, you have to agree.

Thank you for showing the details about John McCains involvement in the S&L crisis and his close ties to Keating. It makes me realize I cannot trust him to regulate wall street and the corporations that are causing havoc on our econmy. In my eyes, John McCain and the republicans have lost their right to lead America. How much more harm are they willing to do to us to protect their own self-interests?

Very outdated event to be taken serious. McCain was already investigated and exonerated for this action. Maybe it is Obama's turn to be investigated for the shady to-good-to-be-true real estate deal with Rezko. Maybe that is going to occur and we do not know about it yet.

I love how anything goes when it comes to criticism toward McCain and his campaign. But the Sun Times has a headline of DON'T GO THERE if the sharp end of the stick points at Obama.

well, there's guilt by association, and then there's guilt by guilt.....that's what you have here-

Now that's desperation. That has nothing to do with the mortgage scandal of today.

The main culprit today is ACORN. FOX News "Saving Our Economy" defines their role & their strong ties to Democrats & the tactics they use.

McCain should hammer Obama on his ties to radicals, but Palin should be hitting him on ACORN. Most people I talk to believe this election hinges on awareness of ACORN. The more people know about what it did & what it does the less likely they'll be to vote for Obama.

Palin is out of her league to hammer Obama on Ayers.

Yes,spread the truth on the correlation with today's crisis.Mr McCain has little left but to change the discourse since he has no solutions of his own. Why?
Because he's losing, and will lose since his campaign has come to this. McCain refuses to recognize his own involvement in the tumble and failures as a leader. He was so in the pocket of these people that caused the loss's of millions of peoples savings. He is no hero, and no leader.

Those who forget history are condemned to repeat it.

What is past is prologue.

aka, don't be an idiot and vote for McCain.

Vote for Obama for real honest change.

The web site is here:

www.keatingeconomics.com

Here's another good one:

www.brasschecktv.com/page/325.html

The McCain campaign cannot have it both ways. It cannot say that Obama is guilty of poor judgement with his associations and McCain is not with his association with Keating. McCain is guilty if Obama is but, McCain did not learn from that association. He is still pressing for deregulation.

Can't we all just get along!

Investors Business Daily A vote for Obama is a vote for socialism.

THE QUESTION IS NOT THAT HE DIDN'T GO TO PRISON,
BUT WHY HE PARTICIPATED IN SUCH DISGRACE, THAT
IS THE REAL QUESTION, WHAT MADE HIM ALMOST GO TO
PRISON, NOW OBAMA HAS NEVER ALMOST GONE TO THE
BIG HOUSE!
JOHN MCCAIN A LOSING MAN, WHO ALMOST WENT TO
PRISON, THE JUDGE SAID HE SHOWED POOR JUDGMENT
IN BEING INVOLVED IN THE KEATING 5!
NOW HE IS SHOWING POOR JUDGMENT AGAIN, BY HAVING
A MARGINAL WOMAN DO HIS BIDDING, SHE CAN BARELY
READ, AND NOW WE KNOW SHE CAN'T COUNT, OBAMA WAS
IN HIS PRE-TEEN YEARS DURING THE AYERS YEARS OF
PROBLEMS WITH AMERICA!
OBAMA IS WHIPPING MCCAIN'S BID FOR PRESIDENT!

re: "The McCain campaign cannot have it both ways. It cannot say that Obama is guilty of poor judgement with his associations and McCain is not with his association with Keating."

Only the Obama campaign is trying to have it both ways:

McCain has apologized for the Keating Five, even though only the Democrats involved were actually convicted.
Obama is still saying that he hardly knows Ayers, Rezko and Jeremiah Wright.

McCain used poor judgement 20 years ago, was actually exonerated, and has still apologized.

Obama is still friends with two unrepentant domestic terrorists and has yet to apologize for being guilty of his own poor judgment.

The "Manchurian Candidate" McCain also loves to gamble and has great ties with the Casinos. Do we want his Casino "cronies"/ advisors; excuse me contributors pulling the strings? How many people does he owe after all these years? Supposedly, he does not owe his wife who hasn't co-signed on his loans. The bailout conveniently washed away a 22.9 million dollar loan default by the Republican National Committee at Wachovia Bank. Is this the new way to make a campaign contribution? Write off bad debts and let the public pay?

Leave a comment

Get the Sweet widget

More widgets

Video

Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

Stay in touch

About this Entry

This page contains a single entry by Lynn Sweet published on October 6, 2008 11:15 AM.

Sarah Palin says "I was just trying to keep Tina Fey in business" was the previous entry in this blog.

Sarah Palin slams Obama again on Ayers at Florida rally. Transcript. is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.