McCain’s Problem: He IS the Problem

McCain’s Problem: He IS the Problem
Trish | Sep. 18, 2008


Today’s humorous in a wry, mocking way web site is Lobbyists for McCain. The group made a splash in suits and alleged Ferragamos during protests at the Republican National Convention but continues to sock it to McCain on a range of issues. Of course, as the Washington Post pointed out in light of McCain’s statement that “the fundamentals of the economy are strong,” this is not hard to do.

Were McCain known as a student of the economy, this instance of a badly delivered statement would matter little. Because he is known as someone who is not, it matters plenty. McCain has responded by ratcheting up his rhetoric about cracking down on Wall Street and its regulators in Washington.

Plus they have this great yard sign


And yet the problem for McCain is that he IS the problem. The Keating Five scandal, in which McCain was No. Four, involved McCain and four other senators trying to prevent regulators from doing their jobs in overseeing risky real estate loans by Lincoln Savings and Loan, chaired by Charles Keating. The later collapse of the savings and loans industry, of which the Lincoln mess was an integral part, cost us taxpayers $125 billion.

Cindy Hensley’s son and McCain’s adopted son, Andrew McCain, resigned from the board of Silver State Bank in July. The Federal Deposit Insurance Corporation (FDIC) shut down the bank and its parent company six weeks later. Guess who’s on the hook for all those assets now?

Which is precisely the kind of thing Lobbyists for McCain would like us to remember. Barbara Walters asked the 40-year Washington insider on The View, “Who are you going to change in Washington? You?” To which we can only add, “Who are you going to change on Wall St.? You?”

Find Lobbyists for McCain on our blog roll under “Campaigns.”

http://www.pensitoreview.com/2008/09/18/mccains-problem-he-is-the-problem/