Apparently Obama is a bit frightened of the coming hardball game that McCain and his crew are gearing up for. So much so that Obama is telegraphing a move he could make as a warning to McCain…
The Keating 5.
From the AP
Barack Obama’s allies warn that John McCain’s attacks on the Democrat’a character will lead to the political equivalent of mutual assured destruction: fire your big weapon at your own peril.
Several Obama surrogates said his supporters may start reminding voters of McCain’s ties to Charles Keating, a convicted savings and loan owner whose actions two decades ago triggered a Senate ethics investigation that involved McCain as one of the “Keating Five.”
Well, it seems that Obama fulfilled the promise and quietly released a youtube video on the subject called Keating Economics.
For those of you that are not familiar, the Keating 5 is a term that refers to a group of 5 Senators that were accused of corrupt dealings with a banker named Keating during the “Savings and Loan Crisis” of the 80′s.
The group of Senators was comprised of 4 Democrats and 1 Republican… John McCain.
Only problem is that John McCain (as well as John Glenn) was completely exonerated of any wrong doing what-so-ever by the Special Prosecutor Robert Bennet and recommended removing John McCain from any further investigation.
The problem was that removing John McCain would remove the only Republican from the corruption case and politically the Democrats in power could not afford to have 3 of their Senators sit up there alone, going down in flames for shady dealings.
Against the wishes of the Special Prosecutor, the Democratic Chair of the Ethics Committee kept McCain’s name on the list and gave him what essentially amounted to a scowl and a wagging finger. The committee decided that McCain’s actions “were not improper nor attended with gross negligence,” about which McCain said… “I see it as a full exoneration”
Yeah, so let’s tell that story Barry… about how John McCain is a good and honorable man, yet there were 3 DEMOCRATIC Senators at the center of the “Savings and Loan Crisis.”
Yeah, Barry, lets talk about how wonderfully the Democrats have handled the banking institutions… there couldn’t possibly be a parallel to today’s problems could there?
I dare you to keep pushing this meme…
Keep talking about the corrupt Democrats and the uncorruptable John McCain. Yeah, do that… Keep talking…
I double dog dare you.
Even Saturday Night Live knows the Democrats are the root of the cause…
Oh, and lest I forget about the Keating 3
Three of… the Keating Five have endorsed Obama: Former senators Dennis DeConcini. John Glenn, and Donald W. Riegle. All three are Democrats… and DeConcini and Riegle were among the more deeply implicated officials.