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McCain’s Keating Five Economic Plan…
October 6th, 2008
…take pay offs from Wall Street to prevent financial regulators from doing their Job; and then watch the economy collapse while Wall Street and politicians pocket billions in tax payer bailouts. Last time it was 124 billion in the savings and loan scandals of the Reagen/Bush administrations, now its 800 Billion dollars in tax payer bailouts. If you don’t believe it was designed as a run away rip-off for Wall Street, then why did the Bush administration today appoint a Goldmen Sachs exec to run the bail out?
McCain thinks we’re so stupid that we could possibly believe that he took Keating’s money, flew on his private jet, and vacationed with him for free; and then had a meeting with the guy regulating Keating so he could not pressure him to back off.
I don’t care if you’re death, dumb, blind and stupid, nobody with a functioning brain could possibly buy that.
These financial crises keep happening because politicians like George Bush, John McCain and company continually do all they can to prevent regulators from watching over Wall Steet; and everytime they do Wall Street cheats.
Obama Campaign Hits Back at McCain With Keating Five Web Video
Oct. 6 (Bloomberg) — Barack Obama, after attacks on his character and past associations, is hitting back by highlighting John McCain’s ties to the “Keating Five” savings-and-loan scandal that embroiled the Republican presidential nominee in the 1980s.
David Plouffe, Obama’s campaign manager, e-mailed millions of supporters on Oct. 5 directing them to a new Web site, keatingeconomics.com, dedicated to McCain’s ties to the scandal. It features a 30-second Web advertisement and beginning at noon Washington time the site will also host a 13-minute documentary called “Keating Economics: John McCain and the Making of a Financial Crisis” produced by the campaign.
The video at that site isn’t working, so here’s another. [It’s working now. This vid is a short version 1:43; the one on the obama site is 13 minutes]:
“The McCain campaign has tried to avoid talking about the scandal, but with so many parallels to the current crisis, McCain’s Keating history is relevant and voters deserve to know the facts — and see for themselves the pattern of poor judgment by John McCain,” Plouffe wrote.
With less than a month before election day and Obama’s poll numbers rising amid the financial meltdown, the Democratic presidential candidate is hoping to link McCain’s approach to the current financial crisis with his role in the savings-and-loan crisis of the late 1980s. The attacks come as McCain’s campaign said last week it would divert attention from the economy to focus on Obama’s character.
Associations Questioned
Over the weekend, McCain’s running mate, Alaska Governor Sarah Palin, repeatedly linked the Democratic presidential candidate with a domestic terrorist group from the 1970s, telling supporters Obama used to “pal around with terrorists who targeted their own country,” a reference to his acquaintance with Bill Ayers, a former member of the Weather Underground group that carried out a series of bombings in the early 1970s. Obama served on a charity board with Ayers and has denounced the bombings.
Obama “is someone who sees America as imperfect enough to pal around with terrorists who targeted their own country,” Palin, 44, told donors at a fundraiser Oct. 4 in Costa Mesa, California. “This, ladies and gentleman, is not the kind of change that I think we should be believing in.”
McCain adviser Greg Strimple said last week that they were “looking for a very aggressive last 30 days.”
“We’re looking to turning the page on this financial crisis and getting back to discussing Mr. Obama’s liberal, aggressively liberal, record and how he will be too risky for the Americans,” Strimple told reporters on an Oct. 2 conference call.
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Yobachi Boswell is creator and publisher of BlackPerspecitve.net. I’m a writer, activist and political watcher based in Nashville, Tennessee. I’ve also been know to do some spoken word and MCing in my day.
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The full video is up and working on You Tube.
I ended up watching it, good video.