Editore"s Note
Tilting at Windmills

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for Free News & Updates

October 6, 2008

THE WRONG MESSAGE AT THE WRONG TIME.... In recent years, when asked to reflect on his role in the Keating Five scandal, John McCain has consistently been contrite and willing to accept responsibility for his mistakes. "The appearance of it was wrong," McCain once famously acknowledged. "It's a wrong appearance when a group of senators appear in a meeting with a group of regulators, because it conveys the impression of undue and improper influence. And it was the wrong thing to do."

Today, the McCain campaign took an entirely different tack.

McCain attorney John Dowd attempts to set the record straight on McCain and the Keating Five scandal in a media call.

Describes his former relationship with Charles Keating as "social friends," calls situation a "classic political smear job on John."

Thinks that the committee went too far in suggesting that McCain's intervention with regulators was poor judgment.

The McCain campaign really hasn't thought this one through. While the scandal was still fresh, McCain cooperated with investigators, acknowledged his mistakes, and accepted his formal rebuke. He took his lumps and vowed to do better in the future.

But this message is the complete opposite of what McCain has said for years. As Aravosis explained, "This opens up the entire question of McCain's supposed contrition. If McCain thinks he did nothing wrong, and that it was wrong for the Senate to scold him for his actions during the Keating Five Scandal, then he isn't contrite at all, he isn't sorry at all. He's learned nothing."

Ben Smith appreciates this striking shift.

I'd always thought McCain's great strength in defending the Keating affair was that he'd acknowledged making a huge mistake, and spent his career repenting by recasting himself as a reformer.

So when his campaign puts his lawyer on the line with reporters to contest the details of a congressional inquiry that, largely, let McCain off the hook, doesn't that cloud the sin-confession-atonement dynamic a bit?

It does, indeed. When McCain conceded wrongdoing, he used it as a platform to begin supporting campaign-finance reform. It made him a "reformer." But now, the new argument is that McCain was the victim here, and his years of contrition were a sham. This argument, in effect, turns nearly two decades of McCain arguments completely on their head.

It's hard to believe, but the McCain campaign has deliberately made this a new story all over again, just when the Obama campaign wants it to be.

Steve Benen 1:25 PM Permalink | Trackbacks | Comments (47)
 
Comments

McShame is being hoist by his own petard. And it couldn't happen to a nicer (pretend) "Maverick".

Posted by: Vertigo on October 6, 2008 at 1:29 PM | PERMALINK

STOOPID.

Posted by: Keith on October 6, 2008 at 1:33 PM | PERMALINK

So, he was just joshing about being sorry for the appearance of corruption? Did he have his fingers crossed during the McCain-Feingold debate? He obviously wasn't sincere about running an honorable campaign -- he employs the sleazemeisters who are doing all the things McCain said he wouldn't do just 90 days ago.

McCain may be a former POW but he's also a weasel.

Posted by: pj in jesusland on October 6, 2008 at 1:33 PM | PERMALINK

Can't wait to here rightwing radio et al repeating the "smear" story in order to prove the MSM is in the tank for Obama

Posted by: martin on October 6, 2008 at 1:33 PM | PERMALINK

God damn. These people really are almost as stupid as the cretins they bamboozle into voting for them. The political image McInsane has been trying to project for two decades was entirely founded on the story of his supposed transformation after his Keating "contrition", and now they blow the whole thing up just like that in a fit of pique. Wow.

Posted by: Steve LaBonne on October 6, 2008 at 1:34 PM | PERMALINK

The keatingeconomics.com video was well done and fits perfectly into what is happening in the markets as we speak!

Posted by: Aaron on October 6, 2008 at 1:37 PM | PERMALINK

Brokaw will lead the media in saying, "Old news."

And fyi, before you join the idiots Ezra and Yglesias, "Religulous" is not at all about God. It is about religion.

Posted by: John McCain: Worse than Bush on October 6, 2008 at 1:38 PM | PERMALINK

I know, this is incredible. How dumb do you have to be to re-kindle the Keating Five scandal?

Christ. Obama may actually win this thing.

Posted by: BombIranForChrist on October 6, 2008 at 1:39 PM | PERMALINK

Look closely at his record and you will find plenty of clouds over the "reformer" after the Keating Five "atonement". McCain's image is largely a myth fabricated by all the journalists who fawned over him following McCain's strategy to charm the press.

Just "social friends"? Not exactly. This was classic crony capitalism at its worst, Banana Republic style. "I'm sorry! I won't do it again! Boo hoo hoo!"

Get this straight people -- a real Maverick does not call himself a Maverick.

Posted by: lou on October 6, 2008 at 1:41 PM | PERMALINK
Get this straight people -- a real Maverick does not call himself a Maverick.
Yes, WE knew this all along. But most of the public didn't- until now. And how delicious is it that they're being so informed by the McInsane campaign itself? Posted by: Steve LaBonne on October 6, 2008 at 1:44 PM | PERMALINK

McCain is hoping that enough low-info, seat-of-the-pants sentiment/intuition voters and hacks will simply take his word for it, that there's nothing to Keating Five (even with the Google to lead people to read up on it - BTW keep a close eye on Wikipedia's Keating Five page and be prepared to step in if you're up to it.) McShamiacs are hoping to pull it through with enough marginal voters and to hell with what just about every respectable, intelligent person thinks.

Let's hope they won't succeed, but - this is still no time to be complacent, it will still take a massive effort to GOTV and stand in the face of suppression efforts, to pull through. What an interesting month this has been already, and will be so even more.

Posted by: Neil B on October 6, 2008 at 1:44 PM | PERMALINK

actually, i'm guessing McCain's camp can change positions and lie on this precisely because Obama does not want this to be the story right now. McCain wants this to be a character/association/personality fight. Obama wants this to be about health care and the economy.

hopefully this will, however, reinforce the Enough Club: the myth of John McCain is now being unraveled so fast the yarn may spontaneously combust.

Posted by: zeitgeist on October 6, 2008 at 1:45 PM | PERMALINK

I understand that Palin was just introduced at a Florida rally by someone in her campaign who referred to Obama as 'Barack HUSSEIN Obama'.

And Palin said: "The gloves are off and the heels are on".

Posted by: on October 6, 2008 at 1:46 PM | PERMALINK
And Palin said: "The gloves are off and the heels are on".
Soon to be accompanied by brown shirts, no doubt. Posted by: Steve LaBonne on October 6, 2008 at 1:49 PM | PERMALINK

I hear McShamelss/Palein' is polling well in most American gutters. I hope they enjoy the very long rest they will get in this bed they're making.

Posted by: rick on October 6, 2008 at 1:50 PM | PERMALINK

First our mavericks took on their own party. Then came the media. Now (and with troopergate) the accusers. Steve M. (No more mister nice) thinks they're narcissists. Someone earlier today suggested it might be attention deficit disorder. Paranoid schitzophrenia, anyone?

Posted by: Danp on October 6, 2008 at 1:51 PM | PERMALINK
actually, i'm guessing McCain's camp can change positions and lie on this precisely because Obama does not want this to be the story right now.
Don't be so sure. If McInsane is NOT sorry for his association with Keating it means he learned nothing from it- which reinforces Obama's point that Keating shows McInsane can't be trusted to deal with this economic crisis. Posted by: Steve LaBonne on October 6, 2008 at 1:52 PM | PERMALINK

I saw Charles Keating speaking to the press after his conviction. When asked if he believed his contributions to various politicians influenced their decisions and activities, Keating responded, "I certainly hope so."

Posted by: CJ on October 6, 2008 at 1:55 PM | PERMALINK

Generic Prozac FLUOXETINE drug is a Serotonin Reuptake Inhibitor (SSRI) that helps patients with depression by increasing the availability of serotonin in the brain. Scientists believe serotonin affects many types of activity in the brain, including the regulation of mood.

Posted by: Tim on October 6, 2008 at 1:58 PM | PERMALINK

And Palin said: "The gloves are off and the heels are on". Soon to be accompanied by brown shirts, no doubt. Posted by: Steve LaBonne

We'll see. After the results of the ethics investigation are released, she may have a tough time of even returning to her job as governor.

Posted by: Jeff II on October 6, 2008 at 2:00 PM | PERMALINK

At this point one has to consider if McCain and the republicans have a secret memo describing how to lose this year's election. Why? Because of the current meltdown. What republican really wants to be in charge of the mess they created. Now they can sit back and point fingers at the dems trying to clean it up.

Posted by: Bruce from Marin on October 6, 2008 at 2:00 PM | PERMALINK

Re-igniting the Keating 5 discussion will help take the focus off the economy a bit.

Posted by: wishIwuz2 on October 6, 2008 at 2:01 PM | PERMALINK

I thought Palin/McCain (yes, I use that order) said we 'shouldn't look back' during the debate.

Now not only is she looking back, but looking with tremendous distortion, grossly slanderous association and logic as loose as a goose--all aimed to create fear and unjustly damn Obama's character and credibility.

Posted by: on October 6, 2008 at 2:02 PM | PERMALINK

Doesn't this make McCain the Pete Rose of politics, i.e., say you're sorry because that's what people want you to do, even though you're not sorry in the slightest?

Posted by: Off2xtremes on October 6, 2008 at 2:03 PM | PERMALINK

Five bucks says McCain commits suicide within two weeks of losing the election. What else can a selfish bastard do?

Posted by: npr on October 6, 2008 at 2:05 PM | PERMALINK

John Dowd is the investigator who wrote the report on Pete Rose's gambling problem, is this the same John Dowd?

Anyway, I understand the hankering of the Rove acolytes in McCain's campaign to deny and dispute everything, but this is a huge mistake because it makes the issue current, and gives us all a chance to go back over the facts, which were extraordinary -- 5 Senators personally meeting with the head S&L regulator for the sole purpose of pressuring him not to enforce the law.

People need to remember what Keating did -- convincing retirees to transfer their assets from FSLIC insured savings accounts into risky uninsured notes -- and many of them lost their life savings. The materials used to advertise this contained highly deceptive claims that led the buyers to believe their investments were insured.

Posted by: Pfgr on October 6, 2008 at 2:09 PM | PERMALINK

The last nugget of dignity, honor, reputation...

Shot down the porcelain convenience in a vain hope of getting the votes of folks who'd believe his denial AFTER his confession? (Remember, waterboarding was considered torture in those naive pre-9/11 days of yore.)

This is not just a dishonorable man. This is a STUPID man.

Why is he still polling in the 40's? Maybe this will get through to the average voter. John "Say Anything" McCain.

I've gone from impatient tolerance to outright contempt. He is voluntarily surrendering the last of his redeeming biographical aspects.

Watch for the "Enough!" team to bust out the membership forms by the ream.

Posted by: toowearyforoutrage on October 6, 2008 at 2:12 PM | PERMALINK

The "straight talk express" is officially off the radar. Adopt the Bush/Rove way - "I never make or made a mistake." Are they trying to lose?

Posted by: taxpayer on October 6, 2008 at 2:12 PM | PERMALINK

That would be fitting, npr, but I'd rather he'd do it live during his concession speech. Y'know, one last bid to control the news cycle, step on Obama's victory bounce.

Posted by: T Paine on October 6, 2008 at 2:15 PM | PERMALINK

...Nonetheless, on a recent campaign swing, he acknowledged he would be forever linked to the scandal. The Keating Five, he said, "will be on my tombstone."

http://www.boston.com/news/nation/articles/2008/02/28/amid_mccains_new_status_old_scandals_stir/?page=3

Keating Five.... on his tombstone. Sounds like an epithet for a campaign as well.

Posted by: Tom Nicholson on October 6, 2008 at 2:17 PM | PERMALINK

"He's learned nothing."

As anyone who has read "Make Believe Maverick" in the current Rolling Stone knows, John McCain has NEVER learned ANYTHING from any event in his life. As with Little Georgie, he's entirely consistent: he's been an worthless PoS his entire life.

Posted by: TCinLA on October 6, 2008 at 2:18 PM | PERMALINK

Next week...

McCain campaign denies that McCain selflessly turned down Vietnamese offer of early release from POW camp...

McCain HQ announces that Vietnamese held McCain for five and a half years at the behest of Bill Ayers.

Posted by: Chris on October 6, 2008 at 2:26 PM | PERMALINK

http://keatingeconomics.com/

The Obama campaign obviously anticipated this and published a 13 minute documentary on the topic.

Posted by: Pfgr on October 6, 2008 at 2:29 PM | PERMALINK

http://keatingeconomics.com/

The Obama campaign obviously anticipated this and published a 13 minute documentary on the topic.

Posted by: Pfgr on October 6, 2008 at 2:30 PM | PERMALINK

So he's actively turning the discussion to a time when he helped unscrupulous bankers avoid regulation, leading to a financial meltdown? And he thinks this is going to distract people from the economy?

WTF?

Posted by: David on October 6, 2008 at 2:32 PM | PERMALINK

NPR,
Your comment is extremely offensive.

Posted by: Micheline on October 6, 2008 at 2:38 PM | PERMALINK

ERRATIC !!

Posted by: Brian on October 6, 2008 at 2:44 PM | PERMALINK

As the fictional Francis Urquhart, the uber-devious UK Parliment chief whip in the British political drama "House of Cards" warned, "beware of an old man in a hurry."

Posted by: dloberk on October 6, 2008 at 2:46 PM | PERMALINK

Utube has a good summary

http://www.youtube.com/watch?v=g72BuIvMbWY&eurl=http://my.barackobama.com/page/invite/keatingvideo

Posted by: nh indie on October 6, 2008 at 2:49 PM | PERMALINK

Corporate-owned media falls in line with McCain’s smear assault

Interesting, isn’t it? On the very day that the McCain campaign is to begin its “Obama is a terrorist” swiftboat-style smear assault, the New York Times leads with a story outlining Obama’s non-relationship-relationship with 70s era radical William Ayers. The New York Times concluded, as have all the many reports relating to the subject; the New York Times’ piece concluded that Obama did not and does not have ties to Ayers. But, wait! Interesting, too, that ALL THREE CORPORATE-OWNED NETWORKS continued the discussion on Sunday—that is interesting, isn’t it?

This Ayres-Obama smear has been debunked ten times over. So, why is the corporate-owned media continuing to play it up? Why are they doing the McCain campaign’s dirty work even when they know it is all a lie?

That is simple! The corporate-owned media is doing what their corporate masters want them to do. Corporate America is terrified—scared out of their minds that the American people are going to make the Democratic candidate, Obama, their president and, too, give the Democrats filibuster proof majorities in both houses of congress. The corporations understand what that would mean for them—they know that the people are really pissed off for having to handover a trillion dollars to Wall Street and corporate greed-merchants. The corporations know that the American people are going to want changes to the system! The corporations know that the American people are going to demand an end to the greed-driven trickle down three card monte-like scheme that has been imposed upon them!

Understand, the McCain campaign’s “Obama is a terrorist” swiftboat smear assault is being demanded by and propagated by corporate America. Corporate America knows that their only hope for maintaining power is to destroy Obama and to catapult their guy, their very old geezer, John McCain, into the Oval Office. So, it is interesting to see the corporate-owned press begin and to continue McCain’s “Obama is a terrorist” swiftboat smear assault, but it isn’t happening by accident—it is by design! This is corporate America’s way of ensuring that the Democrats won’t control all three levers of representative government. Interesting how it works, isn’t it?

(ProgressiveDailyBeacon.com)

Posted by: Angellight on October 6, 2008 at 2:51 PM | PERMALINK

I understand that Palin was just introduced at a Florida rally by someone in her campaign who referred to Obama as 'Barack HUSSEIN Obama'. -- unknown, @13:46

Rather than fret about Barack HUSSEIN Obama, we should give John Sidney McCain THE THIRD his full due, too. I've heard he doesn't like "Sidney" and purely hates being the Third (and least).

Posted by: exlibra on October 6, 2008 at 2:57 PM | PERMALINK

Bruce from Marin on October 6, 2008 at 2:00 PM

What republican really wants to be in charge of the mess they created. Now they can sit back and point fingers at the dems trying to clean it up.

There are days where I wonder the same thing. And then I wonder: Is it possible that he'll lose so thoroughly that Obama will enter office with an FDR-sized bag of political capital? That the Dems, having been handed the responsibility by the Republicans and the seats by the people, will offer a bold and ambitious plan that will stave off the worst?

I hesitate to even think it, but played correctly, McCain's meltdown could presage the greatest ideological shift in the political terrain since at least Reagan... maybe since FDR himself.

Posted by: Bernard HP Gilroy on October 6, 2008 at 3:05 PM | PERMALINK

McCain was never 'sorry' about anything except getting caught or implicated. McCain's sense of right and wrong extends only to his personal interests. Getting caught was wrong...nothing else. Seriously, when has this man ever done anything for the good of someone else...ever. It's all about him...always has been and always will be. Community volunteer???hahahahaha...only if he gets money or women.

Can't tell me his reaping such rewards from Keating never seemed suspicious to McCain??? McCain's time in government is over, he's not even a senator any longer...he's exposed the real McCain and he's unfit for any public office. His response to the Keating scandal demonstrates his long running hypocrisy.

Posted by: bjobotts on October 6, 2008 at 3:09 PM | PERMALINK

William Black, senior regulator during the Keating investigation, was interviewed the other day on NPR.

During the interview, Black said he was in the room when John McCain and his four colleagues tried to pressure regulators to back off. Charles Keating had just told McCain & Co. to "get Black. Kill him dead!" Black thinks McCain's role in trying to prevent regulators from getting the whole story is very relevant to his role as presidential candidate. Of course, as the NPR interviewer reminded Black, one of the Keating Five Democrats, Dennis DiConcini, has said that McCain got a free ride and was the most culpable. Black agrees and describes meetings with the group:

"He was the most culpable in a number of ways. He was the only one ... who had a personal financial stake in the dispute. His wife and his father-in-law stood to lose a significant amount of money if we had enforced the direct-investment rule. The entire purpose of the meeting was to pressure us not to take any course of action against Lincoln's massive violation of rule to the tune of over $600 million."

Posted by: PW on October 6, 2008 at 3:17 PM | PERMALINK

The Team Obama Mantra for October:

"Never interrupt your enemy when he is making a mistake"

Lord, but those McPain people are incompetent, bless their hearts!
What must the McPain "war room" look like? I shudder to think.

Posted by: Greywolf1014 on October 6, 2008 at 3:19 PM | PERMALINK

Obama ad: Voting for McCain/Palin? Then you are as ignorant as they think you are.
st john

Posted by: st john on October 6, 2008 at 3:25 PM | PERMALINK

The LA Times finally shows what many of us in aviation have known for a long time: had McCain not been son and grandson of Admirals, he'd have been bounced as a Naval Aviator for incompetence:

http://www.latimes.com/news/politics/la-na-aviator6-2008oct06,0,7633315.story?page=1

Posted by: TCinLA on October 6, 2008 at 3:56 PM | PERMALINK




 

 
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for Free News & Updates

Advertise in WM

Advertise in College Guide






Search Now:
In Association with Amazon.com


Place Your Link Here

---Paid Advertisements---

Payday Loans

Personal Loans

Addiction Treatment

Phone Cards

Less Debt = Financial Freedom

Addiction Treatment Programs

Credit Cards & Debt Consolidation

Bad Credit Loans

Vacation Rentals