Keating Economics - Responding to the Smear Campaign with FACTS

The Obama campaign is not going to let the mudslinging and 'swiftboating' go by without launching a salvo of it's own. Remember this - Obama is responding with FACTS to McCain's LIES and mis-representations.

Launched today is the Keating Economics website. This is a comprehensive review of John McCain's involvement with the S&L bailout of the late 80's and early 90's. There is research and reference material along with a 13 minute video documentary. It's clear that he hasn't learned his lesson. McCain's campaign manager Rick Davis is/was a lobbyist for Fannie Mae and Freddy Mac. Taking a LOA while holding a ownership position in the lobbying firm is a joke. He did the same thing to head McCain's 2000 campaign only to return to his lobbyist ways immediately afterwards. Read about McCain's current ties, and Rick Davis on my previous post "The $2 Million Man" .

It's clear to me that McCain is desperate to turn the tide of the campaign. Obama is expanding his lead, especially among independents and women voters. McCain has nothing left to campaign on other than 'character' issues (code word for Race, Patriotism and Smear tactics). Sending his fuzzy bunny Sarah Palin out to sling the mud is probably a good idea. If the Obama campaign tries to combat her winks and folksy sarcasm, she can cry 'foul' and 'unfair' and 'sexist'. Besides, she can't say anything worthwhile anyway and we've heard all her talking points already.

Obama, on the other hand is playing hardball against McCain. His associations with the financial industry and clear track record of calling for Deregulation are FACTS. I just saw a bit of video from a public press conference in March of this year where he called for "deregulation and removing impediments to capitalization' in response to the housing market weakness. Now THAT is a FACT.