McCain campaign opens the door
By soccermom
@soccermom (3198)
United States
October 6, 2008 8:45am CST
Up until today, the Obama campaign has kept silent about McCains invovelment in the Keating Five. Now it appears both campaigns are going to go into full out war. With Palin bringing up Obama's association with Bill Ayers, which the McCain campaign is blowing way out of proportion in my opinion, it has seemed to open a door for the Obama campaign to talk about McCains involvement in the S & L scandal that led to a recession and pushed the first Bush to push through a bailout that cost the taxpayers a pretty penny. How do you think this will effect either campaign? Will the voters see each affiliation for what it is, or will they be swayed by the imminent misleading statements that are sure to come? Do you think this will make for a much more heated debate on Tuesday night?
3 people like this
13 responses
@NuclearRabbit (650)
• United States
6 Oct 08
You know I really hate political mud slinging. I admired that Obama didn't do that because it shows that he's confidence and has integrity. I think if he turns nasty about this race that I will be very disappointed.
3 people like this
@soccermom (3198)
• United States
6 Oct 08
I really hate the mud slinging too. But there also comes a point where you have to stand up to the bully on the playground, and I think it's time for Obama to stand up. I really don't understand why McCain hasn't caught on that the never ending attacks, that have nothing to do with the problems we face now, aren't doing him any good. To me it just plays into the notion that he is too stubborn to listen.
@newtondak (3946)
• United States
6 Oct 08
I think there has been plenty of mud slinging on both sides - both candidates are guilty of using tactics to slam the other candidate in one way or another.
1 person likes this
@Taskr36 (13963)
• United States
6 Oct 08
"really don't understand why McCain hasn't caught on that the never ending attacks, that have nothing to do with the problems we face now, aren't doing him any good."
Maybe you need to recheck the poll numbers. Those attacks led McCain to be tied with Obama even before the conventions. Once McCain took the lead Obama stepped up his attacks and filled them with lies and personal insults. Obama hasn't condemned any of the Swift Boat attacks on McCain nor has he condemned the attacks that McCain is unfit to be president because he's a cancer survivor.
1 person likes this
@KissThis (3003)
• United States
7 Oct 08
If Barack Obama was so concerned about the Keating 5 Then he wouldn't have Senator John Glenn trying to rally votes for him. Its a double edge sword when they bring up Keating 5 because both have issues with the topic. Both parties are sending out misleading statments. Its just that Obama/Biden gets a bigger pass on his then McCain/Palin do.
3 people like this
@soccermom (3198)
• United States
7 Oct 08
I think whast has kind of been lost on this is that McCain and Glenn were the only two involved that got off clean on the whole Keating 5 deal. That's probably why Glenn is campaigning for Obama. However, the point I have been trying to make is that instead of Mccain trying to dig up dirt and trying to instill fear about Obama in the American people he should focus on the issues. By bringing up all this so called "dirt" on Obama, he is essentially bringing focus into his own backyard. And the way I see it, is 10 there are bigger problems facing the country, 2) Obama was 8 years old when Ayers was up to his radical antics and has since then changed his ways. The public perception of this for McCain may just be the link to the whole "bailout" scenario, which I wouldn't think would be helpful to his campaign.
1 person likes this
@soccermom (3198)
• United States
8 Oct 08
I live in Illinois too, and I have to say I respectfully disagree with you castle. I think Obama has done a lot of good for this state. He helped with the most progressive campaign finance reform we had seen on the state level in 25 years, was chief sponser of a bill that enhanced tax credits for the working poor, and played a big role in negotiating welfare reform (Welfare to Work) and pushing for increased child care subsidies.
THe fact is the legislatures from the Chicago area didn't initially like Obama. He was looked at as the new kid on the block, not willing to abide by party lines, and crossing the aisle to get things done. He caught heck a lot of times from senior members who were "settled in" to politics as usual, and he still persevered.
I'm not saying Illinois politics isn't dirty. Look at our governor. But it seems we are a lot better off with Obama than we are without him.
@castleghost (1304)
• United States
7 Oct 08
This is just my opinion but what about Obama's camp trying to dig up information on Palin? Are we to forget that lawyers and all were sent to Alaska. Please, when looking at the big picture Obama/ Biden nor McCain/ Palin are innocent. Pointing fingers sayng he started is childish. Neither of these groups are perfect yet some just want to believe that the person they have picked is better.
Being from Illinois and knowing how little Obama has done for this state I know there isn't anyway in the world I would vote for him. He is part of te Chicago politics that have hurt the state Of Illinois instead of helping. I am not sure who I will vote for but at this point I believe a cow standing in a pasture would be better suited for the job then Obama.
3 people like this
@Thoroughrob (11742)
• United States
6 Oct 08
I wish they would quit bashisng each other and just inform us their plans if elected. This makes me lose respect for both.
2 people like this
@lloydanthony111 (4698)
• United States
6 Oct 08
Here are two important things to know about John McCain and the Keating Five.
1. John McCain admitted to intentionally filing false income tax returns to defraud the IRS by not claiming thousands of dollars in gifts McCain and his family received from Charles Keating and Keating’s company.
Years later, when the IRS noticed Keating’s company had written off the gifts to McCain as business expenses, McCain fessed up and admitted filing false returns and made a “donation” to the U.S. Treasury to cover the amount he defrauded American tax payers.
McCain also leaked information about the Keating Five to the press multiple times in an effort to appear above the other Senators in the scandal. A 1989 Phoenix New Times article summed it up best with their title - McCain: The Most Reprehensible of the Keating Five.
2. John McCain’s wife, Cindy McCain, along with her father, made a $359,000 investment in retail property owned by Charles Keating in 1986, a year before John McCain first met with federal regulators on behalf of Keating. Keating was later convicted on 73 counts of fraud, conspiracy, and other crimes. Years later, Cindy McCain sold her investment for $15,000,000.
For anyone not aware of the Keating Five, here’s a very simple summary:
Charles Keating owned a savings and loan in California. He was illegally using the money of his bank’s customers to give loans to himself and friends that they didn’t have to repay, and to speculate on risky real estate investments, which was strictly forbidden by U.S. law (and was one cause of the Great Depression).
When the feds found out what was going on and launched an investigation into Keating and his company, Keating called five U.S. Senators whom he had wined, dined, and lavished with hundreds of thousands of dollars in campaign donations and personal gifts.
Keating asked the five Senators to tell the feds to bug off, and the five Senators, later known as the Keating Five, obliged, meeting with federal investigators twice and pressuring them to stop investigating Keating’s crimes. They bought Keating some time, but the feds didn’t give up and eventually Keating was nailed.
The reason the feds were so persistent was because Keating wasn’t playing with mere chump change. Keating blew $3.4 billion through illegal personal loans and bad investments, and the FDIC had to reimburse Keating’s customers who had been ripped off.
John McCain's best bet is to stick to the issues facing the American people and stop the "Swift Boat" tactics. It's going to come back and bite his butt.
Lloyd
2 people like this
@sharra1 (6340)
• Australia
6 Oct 08
I think that Palin is just desperate or maybe it shows what a pathetic person she is that she can label a protester from the 60's a terrorist. This is pathetic. Protesters are NOT terrorists. Everyone has the right to protest and object to anything they want, that does not make them terrorists.
To me a terrorist is determined to take life, innocent or not, for their cause and will usually sacrifice their own life in the process.
Protesters are people who demonstrate against things that they feel are unjust, like racism, sexism, homophobia. They may or may not do something to attract attention like blowing up a statue or making a lot of noise etc but they do not waste innocent lives.
The man Ayers was a protester not a terrorist and to label the activists of the 60's as terrorists is obscene. As for saying that Obama is a terrorist because he had some contact with an EX protester is pathetic.
@chameleonsdream (1230)
• United States
6 Oct 08
I was just a smidge too young to be involved in the anti-war protests of the 60s and early 70s, but I was with them in spirit and in heart. I do not and can not condone bombing to bring about peace. I can not and will not condone what Bill Ayers did, and even then, as much as I was against the war, the Weather Underground was not something I could support. On the other hand, I find it incredibly hypocritical that these people screaming about domestic terrorism conveniently overlook that domestic terrorism is the bastion of the radical RIGHT more often than not - bombing abortion clinics, blowing up federal buildings, engaging in shootouts with the ATF - it's not left-wingnuts doing those things. It's the radical religious right who believe that God is on their side.
I also find it hypocritical to wave Obama's association with Ayers, but not question McCain's association with G. Gordon Liddy, and to cite Rev. Wright's hate speech against Obama, but remain mum on Palin's witch-hunting church.
3 people like this
@sharra1 (6340)
• Australia
7 Oct 08
I was also too young but I supported them and my brother marched in anti war demonstrations. We did not have bombings in Australia so I am not familiar with this sort of thing.
I have heard about the bombings of abortion clinics though and I see your point. I would agree that right wingers are more associated with violence as it is their way of repressing people with fear. They are hypocritical to attack obama for knowing someone who once did this when they have their own associations to domestic violence.
1 person likes this
@PrarieStyle (2486)
• United States
7 Oct 08
It's politics as usual I'm afraid only this year terrorism is involved.
2 people like this
@danishcanadian (28955)
• Canada
7 Oct 08
Hmmmm..... While terrorism is a dangerous thing, we're not having regular attacks in the States the way we are already having problems with the ecconomy. Also, we just came from the Bush administration, and most people want to get rid of Bush. I have a feeling that painting McCain to look like Bush, how Bush looks today and what we are seeing, will be more dangerous than some speculation about Obama and possible terrorism. It's only possible, but this ecconomy thing is happening NOW!
1 person likes this
@stephcjh (38473)
• United States
6 Oct 08
I'm not sure sure who or waht to believe anymore. I think they are all in it together when it comes to alot of things. They bash one another just to try to gain some attention and a few more votes. I think the debate is getting more heated because time is drawing near for the election.
1 person likes this
@makingpots (11915)
• United States
6 Oct 08
I do think it will make for a more heated debate on Tuesday night. I like that people seem to be paying more attention to this election. In the past there would not have been as much effort to understand these two 'scandals'. Tuesday night should be interesting.... if I can bring myself to watch it. I'm getting kinda tired of it all.
1 person likes this
@newtondak (3946)
• United States
6 Oct 08
I think that it is pretty much "normal" for the last few weeks of the campaign to get more intense. I would hope that this kind of thing would be left out of the debate and that both candidates would concentrate more on the issues facing our country.
@soccermom (3198)
• United States
6 Oct 08
I hope so too. Especially since it appears that this bailout hasn't had any immediate impact on the glabal markets. We are in trouble, and it'd be nice to hear some solid talk on the econmoic issues from BOTH sides for a change. So far it's been slightly one sided, especially now that McCain is quoted as saying it's time to "turn the page" on the economic crisis. Maybe when you have a wife worth millions it doesn't matter.
@newtondak (3946)
• United States
6 Oct 08
I think it's too early to expect anything from the bailout than possibly to affect the markets in anticipation of what it will do. There hasn't been time for any of it to be implemented. I have, however, never thought that this would be a fix-all for our economy as I think it's too far down the drain to recover. I think that we are on the verge of (if not already in) a depression - many of the things that are happening around our country exactly mirror the events of the depression.
I personally think it would have done more good to put the money into the "bottom end" (the consumers) than to bailout big companies that got where they are because of they poor business practices. I also do not feel that we should be bailing out people who took out loans that they knew they couldn't repay.
1 person likes this
@spalladino (17891)
• United States
6 Oct 08
We're headed towards the home stretch so I expect that things will get uglier before all is said and done. I don't think Palin has anything to say other than to attack Obama since she's not capable of talking about anything voters are concerned about in any specific manner. At this point I doubt any Independents will be swayed by any mud slinging from either side. As far as Tuesday night goes, I don't think either candidate wants things to get heated but the potential is there for just that to happen.
1 person likes this
@ZephyrSun (7381)
• United States
6 Oct 08
I think that it will depend on how far the campaigns go. If McCain goes to negative it will turn off undecided and if Obama plays the Keating Five to much it will do the same. I can't wait for the debate. I would like to say that it's going to be heated but, things are played up by the media a lot.
1 person likes this