Obama launches http://www.keatingeconomics.com/
Tiny URL: http://tinyurl.com/4xppy2
The Obama campaign has launched http://www.keatingeconomics.com/, a website that exposes McCain’s involvement in the Keating Five scandal. The Obama camp is pushing with it’s message that the McCain ticket is bad for the economy. When the savings and loan industry collapsed, Charles Keating’s failed company put taxpayers on the hook for $3.4 billion and more than 20,000 Americans lost their savings. The ultimate cost of the crisis to American taxpayers reached more than $120 billion.
Senator McCain was implicated in the Keating 5 who took $1.3 million in campaign contributions from Charles Keating. The five senators then used their influence to get regulators to back off their investigations of Lincoln Savings and Loan, owned by Keating. John McCain and the others waere severely reprimanded by the bipartisan Senate Ethics Committee and three among them did not run for re-election after serving out their terms.
As the election date nears, the campaigns are getting more bold and the candidates are attacking each other. In a recent campaign rally, Palin aimed at Obama saying he “pals around with terrorists”, refering to Bill Ayers.
Obama has denounced the radical views and actions of Bill Ayers, a founder of the violent Weather Underground group during the Vietnam era. On Sunday, Obama dismissed the criticism from the McCain campaign as “smears” meant to distract voters from real problems such as the troubled economy.
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October 6, 2008 at 8:28 pm
[...] a related note, the Obama campaign has an excellent response to recent accusations from Sara Palin that Obama “pals ...