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POLITICO Exclusive: Obama To Hit McCain On Keating Five (Obama Gets Desperate Alert!)
Politico ^ | 10-5-08 11.12PM EDT | Mike Allen

Posted on 10/05/2008 8:23:34 PM PDT by tcrlaf

Sen. Barack Obama (D-Ill.) on Monday will launch a multimedia campaign to draw attention to the involvement of Sen. John McCain (R-Ariz.) in the “Keating Five” savings-and-loan scandal of 1989-91, which blemished McCain’s public image and set him on his course as a self-styled reformer.

Pushing back against what it calls McCain's “guilt-by-association” tactics, the Obama campaign is e-mailing millions of supporters a link to a website, KeatingEconomics.com, which will have a 13-minute documentary on the scandal beginning at noon Eastern time on Monday. The overnight e-mails urge recipients to pass the link on to friends.

The Obama campaign, including its surrogates appearing on radio and television, will argue that the deregulatory fervor that caused massive, cascading savings-and-loan collapses in the late ‘80s was pursued by McCain throughout his career, and helped cause the current credit crisis.

Obama-Biden communications director Dan Pfeiffer said: “While John McCain may want to turn the page on his erratic response to the current economic crisis, we think voters will find his involvement in a similar crisis to be particularly interesting. His involvement with Keating is a window into McCain’s economic past, present, and future.”

Obama’s offensive comes after McCain’s running mate, Alaska Gov. Sarah Palin, spent two days telling voters, donors and reporters that Obama showed poor judgment in his relationship with the former radical William Ayers.

McCain’s campaign has vowed to make a major issue of Obama’s Chicago relationships in coming days, with a senior McCain official telling Politico that they are “the vehicle that allows us to question Obama’s truthfulness about his past and his plans for the future.”

The McCain campaign also plans to invoke money launderer Tony Rezko. Officials say they will not bring up Obama's former minister, the Rev. Jeremiah Wright, because McCain has forbade his campaign from using that as an attack. But the officials said outside groups supporting McCain might highlight Wright.

Responding to the Keating blast from the past, a Republican official said the Obama team seemed "frantic" at "the mere mention of the word 'Ayers.'"

“The fact that the Obama team is recycling this old garbage 24 hours after Bill Ayers entered the race is a testament to how worried the Obama camp is of an unfettered airing of his associations," the official said. "Obama is a clever enough politician to know that his unexplored relationships with terrorists and felons are a serious liability in a race this close.”

The Obama website says: “The current economic crisis demands that we understand John McCain's attitudes about economic oversight and corporate influence in federal regulation. ... The Keating scandal is eerily similar to today's credit crisis, where a lack of regulation and cozy relationships between the financial industry and Congress has allowed banks to make risky loans and profit by bending the rules.”

In 1991, the Senate Ethics Committee cleared McCain of corruption charges but cited him for “poor judgment” in meeting with federal regulators on behalf of Charles H. Keating Jr., a political patron who went to prison for fraud in connection with the collapse of the California-based Lincoln Savings and Loan Association, which at the time was one of the biggest financial failures in the nation’s history.


TOPICS: Politics/Elections
KEYWORDS: duplicate; electioncorruption; keating; mccain; obama
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"THE ONE!" seems to be getting VERY, VERY desperate now, for some reason...

If he has the kind of lead that 9-13% Dem bias polling says he has, why is he suddenly pulling out all the stops to go negative??

What is it about tying him to Rezko that he fears so much? Is there some "there" there?

1 posted on 10/05/2008 8:23:34 PM PDT by tcrlaf
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To: tcrlaf

Wasn’t Senator McCain exonerated in the Keating 5 case? WTF is the Obama Team doing? Oh, that’s right, they are masters of pulling stuff outta their @$$...


2 posted on 10/05/2008 8:26:02 PM PDT by 2ndDivisionVet (Barack Obama: In Error and arrogant -- he's errogant!)
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To: tcrlaf
So Obama decides to hit McCain with a discredited story to counteract McCain/ Palin truthfully pointing out his association with a domestic terrorist.

Good one Barry, ya poof!

3 posted on 10/05/2008 8:26:19 PM PDT by sofaman (Moses dragged us through the desert for 40 years to the one place in the ME with no oil - Golda Meir)
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To: tcrlaf

My, who’s defensive now?

The result of McCain’s involvement was that he was cleared of any wrongdoing. I think most people could care less as opposed to being associated and involved with a known anti-American terrorist.

The Obama campaign knows Ayers can sink them. They’re just flailing about now.


4 posted on 10/05/2008 8:26:31 PM PDT by Harry Wurzbach (Rep. Thaddeus McCotter is my hero.)
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To: tcrlaf

4 Dems guilty McCain not.


5 posted on 10/05/2008 8:27:15 PM PDT by Red Steel
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To: tcrlaf
This is Obama deflecting Palin’s Ayers attack. And the MSM will run with it, giving us three weeks of dredged up “Keating Five” stories, how banks failed, and forget to mention that McCain was exonerated.
6 posted on 10/05/2008 8:27:24 PM PDT by Yo-Yo
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Is McCain still scared of being called racist?


7 posted on 10/05/2008 8:27:46 PM PDT by Def Conservative (McCain 08)
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To: tcrlaf

I take it that this is the “big gun” the 0bama camp had warned us about. Like McCain/Palin didn’t see this one coming. We’ll have to wait and see how nervous 0bama will be during the debate.


8 posted on 10/05/2008 8:28:03 PM PDT by ABQHispConservative (Socialism has ruined Latin America, let's not let it ruin the USA!)
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To: Red Steel

Three Dems. Glenn was also found not guilty. Although Glenn later sold his soul to the Devil for one more ride into space during the Clinton Impeachment.


9 posted on 10/05/2008 8:28:44 PM PDT by Yo-Yo
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To: tcrlaf

Because the polls lie — we know it and he knows it. His lead is not even close to that if there is a lead.

No one comfortably in front is going to go back to the early 90’s and bring out Keating 5 which will give Sen McCain a chance to bring out where his passion for slalshing pork from the budget started.

McCain is in Obama’s head and that of his campaign. Gotta love it. Since Obama went back to the early 90’s then I am sure he won’t mind Republicans bringing up when he first hooked up with Ayers, Acorn, and the like in the late 80’s!

As for Rezko, sounds like he is trying to cut a deal with the US Attorneys and yes I believe it could cause major problems for Obama.


10 posted on 10/05/2008 8:28:48 PM PDT by PhiKapMom ( BOOMER SOONER -- VOTE FOR McCAIN/PALIN2008! LetsGetThisRight.com)
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To: tcrlaf

I don’t know where these “wars” of associations will end up. Most Americans are too dumb to know the details and will believe anything the MSM says. And, we know that the MSM is in the tank for this jerk.


11 posted on 10/05/2008 8:28:49 PM PDT by indianrightwinger
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Comment #12 Removed by Moderator

To: Harry Wurzbach

I agree. Will McCain’s camp let up? I hope not, because this is really scaring Obama’s camp, and you know why? ‘Cause it’s the truth. Obama does share radical beliefs, and he does believe in that Christian black liberation “religious” crap.


13 posted on 10/05/2008 8:29:23 PM PDT by snarkytart
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Comment #14 Removed by Moderator

To: 2ndDivisionVet

NOW MCCAIN CAN COME BACK WITH THIS:

More terrorist friends of Obama, you will not believe your eyes

I sent the link to Howie Carr.....

http://uk.youtube.com/watch?v=S8QcpdUtxNQ

ElRushbo@eibnet.com
howiecarr@wrko.com

WE NEED TO FLOOD THEM

Do you have any other emails????


15 posted on 10/05/2008 8:30:10 PM PDT by forYourChildrenVote4Bush (Today, July 16th I no longer donate money for Israel)
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To: tcrlaf

This is going to get nasty.

As Keith Jackson would say..

Whoa nelly...


16 posted on 10/05/2008 8:30:13 PM PDT by se_ohio_young_conservative (GO Sarah Palin !)
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To: tcrlaf

So, Obama wants to bring up “cozy relationships”? Ha! What a fool.


17 posted on 10/05/2008 8:30:54 PM PDT by jennyjenny
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To: tcrlaf
The "Keating Five."

Alan Cranston (D-CA)

Dennis DeConcini (D-AZ)

John Glenn (D-OH)

John McCain (R-AZ)

Donald W. Riegle (D-MI)

Yeah. Let's "go there" Wonderboy!

18 posted on 10/05/2008 8:31:39 PM PDT by FlingWingFlyer (Barack Hussein Obama is a muslim.)
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To: Harry Wurzbach

“The Obama campaign knows Ayers can sink them.”

I’m beginning to think there is more to it than that, or he wouldn’t be reacting this way. He could just deny it, and stay above the fray if he actcually has the big lead that Media polling is telling us he does.

My gut tells me something is about to break in the Rezko case that implicates Obama personally...


19 posted on 10/05/2008 8:32:05 PM PDT by tcrlaf (SARAH PALIN-The American Everywoman (Yes, You Really CAN!))
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To: tcrlaf

The main reason McCain got sucked into it was that the other four were Democrats and it was embarassing to them.


20 posted on 10/05/2008 8:32:46 PM PDT by Finalapproach29er (Democrats still want to get Pres. Bush and/or VP Cheney; there might be show trials in Feb09)
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