Obama Launches KeatingEconomics.com - Full Documentary Coming Soon.

Jesus Christ... This is just brilliant. They aren't even reacting, they've been planning this. The site says that there will be a full documentary at noon tomorrow. They even registered the domain name back on September 25th. McCain's people can't compete with this. Not only that, but the angle they are taking makes the incident relevant by tying it directly to the most current, most politically volatile situation, so they've instantly made this more damaging and more relatable than McCain's unfocused accusations of knowing bad people. AND that strategy gives them an argument against John McCain's primary defense, that he learned his lesson. Because now McCain has been running with the same crowd. He hasn't cleaned up his act, he just found out how to hide it.

They've essentially pulled a Bugs Bunny cannon trick. John McCain's people yell to ready the cannons, and then immediately Obama's ship opens up and reveals cannons about twice the size. Whatever misgivings I once had about this campaign have long been alleviated.


The current economic crisis demands that we understand John McCain's attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late '80s and early '90s.

. . . .

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. And in both cases, John McCain's judgment and values have placed him on the wrong side of history.

Tags: Charles Keating, mccain, obama (all tags)

Comments

50 Comments

Oh Yeah
This site also links to another Obama site about McCain:
http://www.johnmccainrecord.com/
by lizardbox 2008-10-05 07:42PM | 0 recs
Re: Oh Yeah

I hadn't seen this. This is pretty great also. It truly stands out and communicates its points in a very efficient manner.

by vcalzone 2008-10-05 07:46PM | 0 recs
Virtual rec to you, sir!

Damn, they're smooth.  It's great to see a Democrat kicking ass again.

by failsafe 2008-10-05 07:44PM | 0 recs
Palin brought up Wright today

in an interview with Kristol. http://www.nytimes.com/2008/10/06/opinio n/06kristol.html

"To tell you the truth, Bill, I don't know why that association isn't discussed more, because those were appalling things that that pastor had said about our great country, and to have sat in the pews for 20 years and listened to that -- with, I don't know, a sense of condoning it, I guess, because he didn't get up and leave -- to me, that does say something about character. But, you know, I guess that would be a John McCain call on whether he wants to bring that up."

Reasonable people can disagree on her point about whether Obama should have left that church but Palin is on pretty dangerous ground herself with respect to churches and pastors.  It's McCain's call but I think he'll go ahead and authorize it.  We should be ready to comeback with Palin's pastors.

by Blazers Edge 2008-10-05 07:53PM | 0 recs
Re: Palin brought up Wright today

Palin is the only one with video footage of her at a church being blessed against demons. She can be placed at a church with a fair amount of ties to Jews For Jesus on a night that the guy blamed Palestinean terrorist attacks on Israel's blasphemy. Her husband was a member of the Alaskan Independence Party, which believes Alaska should secede. Which is good, since her former pastor believes that Alaska is where people will go after the apocalypse. If she keeps this shit up, she's going to get burned.

by vcalzone 2008-10-05 08:02PM | 0 recs
I'll be honest

I agree with her statement on the Wright issue but she's really tossing stones from a glass house.  Obama should burn Palin on Wright if she keeps on talking about it; they seem to be holding their fire on Palin but they may have to go "there" if you know what I mean if she brings up Wright in another interview.

Is Pfleger off-limits from McCain?  He could be trouble given the subject of his rant.  Pfleger seems more likely to be brought up by McCain than Wright since he already boxed himself in with Wright.

by Blazers Edge 2008-10-05 08:07PM | 0 recs
Re: I'll be honest

Well, the answer to this issue is ultimately to let the people of Trinity stand up for themselves and defend their church's name. Saying, "maybe you disagree with what our pastor says, but RESPECT THIS HOUSE OF THE LORD." With a bit of explanation of what the church does. Rev. Wright can stay out of it (though most people are likely unaware that most of his books are about scripture, not politics), but Obama belonged to the church and Wright built that church.

by vcalzone 2008-10-05 08:12PM | 0 recs
I don't know about that bro

They were standing up and cheering at Wright's 9/11 sermon.

The best tactic in my opinion would be to show Palin in that church next to the anti-Semite pastor and that Kenyan witchdoctor.

Let's see what she says in Florida tomorrow and on Tuesday and North Carolina; those places would be likely states for Palin to play the Wright card.

by Blazers Edge 2008-10-05 08:15PM | 0 recs
Re: I don't know about that bro

I think it's a worthwhile gamble if it comes up. Better than starting a "whose church is crazier" contest that just makes everyone upset.

I just don't think that if people see families that speak honestly about what Trinity has done for them, kids that they've put through school, people they've helped feed, etc... People can't vilify people who aren't villains.

Think of it this way. wouldn't you want Obama's position on this to be standing up for the downtrodden and forcing McCain to demonize working families and people who don't have enough money to live comfortably?

by vcalzone 2008-10-05 08:26PM | 0 recs
Re: I'll be honest

Lost in all this is that these are PREACHERS. And not famous, jet-setting ones with gigantic facilities, either. They give up their lives to devote themselves to helping people. Why are they now being called the worst men in America because their words are bad?

Look, there IS a preacher/politician in Chicago that I think deserves plenty of scorn, because he has consistently used his position to gain power. But it ain't Wright or Pfleger.

by vcalzone 2008-10-05 08:20PM | 0 recs
Did she get up and leave Todd

when he was part of a secessionist group?

The hypocrisy is stunning. I get that the Wright relationship is worrisome to some people. I can accept the criticism. But not from Palin. Arguably, Todd may have been engaged in actual treason. Where was her pro-America spirit then?

by Neef 2008-10-06 05:14AM | 0 recs
Re: I think our comebacks should be

I think the Obama campaign's response should be just like the commercial.  Simply say: "I'd want to dig up feeble old shit and try to change the subject too if I was getting my ass kicked on the economy.  I don't think that most families can afford a change of subject."

by lockewasright 2008-10-06 07:47AM | 0 recs
Will Obama himself say anything about

Keating? I don't think Biden would be willing to hit McCain on Keating, so it may be up to the Begalas, the Emanuels, and the DWSs and other bombthrowers to talk about Keating on the networks.

McCain himself probably won't talk about Ayers or Rezko (except at the debate); he seems to be leaving that to Palin.

by Blazers Edge 2008-10-05 07:56PM | 0 recs
Re: Will Obama himself say anything about

He DID provide video. That gives the media enough to keep pushing it for a day or two, and steals a decent amount of McCain's thunder. Obama can go after him about this at the debate a bit, too. If he keeps it in the framework of, "John, you've had 20 years to solve this mess, and here we are again, and you've still got the people who engineered the crisis advising you."

by vcalzone 2008-10-05 08:08PM | 0 recs
Re: Will Obama himself say anything about

Biden will do what the Democratic presidential campaign wants him to do.

by tarheel74 2008-10-05 08:32PM | 0 recs
Wow, I didn't think they would go there...

Unless pushed?

Either this is a brilliant pre-emptive strike, or asking for a free-for all, let's dig out that past?

I think this COULD be risky, Obama is ahead while staying positive.

Not sure I want to trade a history lesson about Keating for a revisting of Rev Wright.

But, if the Obama campaign is behind this, I trust Axelrod.

by WashStateBlue 2008-10-05 07:57PM | 0 recs
The equivalent to Wright

is McCain's first wife; Ambinder has a post-up right now regarding unexplored McCain and Obama associations that operatives from both parties are looking into.

This thing is going into the gutter pretty quickly for two guys who wanted to run "high-minded" campaigns.

by Blazers Edge 2008-10-05 08:00PM | 0 recs
Re: The equivalent to Wright

It IS risky, and I'm not crazy about it, but if they do it in a planned, structured fashion, it minimizes risk. Because they've decided how they want to play it out.

by vcalzone 2008-10-05 08:05PM | 0 recs
They have to

if McCain comes off looking as scummy as Obama does, then Obama wins because the only way dems ever lose is on character grounds.  If McCain is as "flawed" character-wise, then Obama comes out ahead.

by Blazers Edge 2008-10-05 08:08PM | 0 recs
Re: The equivalent to Wright

I disagree, keating is relevant.  It's not personal beliefs, it's action taken as a representative of the people that lined his pockets and left us all holding the bag.  this isn't smear politics, it may be history but it's ongoing, he's not learned one thing. He thinks earmark reform is a big deal and the 17 bil, most of which is for needed infrastructure?  And twenty years ago he burned through 125 bil?  

there is nothing more relevant to today's economic crisis than the savings and loan bail out and only one presidential contender is also one of the keating five.  

by anna shane 2008-10-06 01:09PM | 0 recs
Re: The equivalent to Wright

I think it's sad that it has come to this, but I think McCain is far more culpable then Obama is. For the entire length of the campaign, McCain has routinely questioned Obama's character and lied about his legislative history. The key difference is what McCain has done and what Obama seems to be doing with bringing up the Keating Five is that all of what Obama is saying about it is public record. It's not taking the statements of Rev. Wright and then leaping across the chasm of logic to say that Obama thinks the same way.

by JENKINS 2008-10-05 08:21PM | 0 recs
It's the Ayers thing

In addition to Palin and other surrogates obviously peddling the Ayers and Wright stuff this weekend, Republican 527s are running Ayers association ads in battleground states. Obama has obviously had this in reserve for just such an occasion and now its, "You wanna go there? Let's go there."

by Travis Stark 2008-10-06 04:40AM | 0 recs
Re: I am one

Well, thing is, this is actually being made into more than just a simple character attack. The point of this isn't to call McCain's judgment into question, it's to point out that from every objective standpoint, John McCain HAS been a part of the apparatus that destroyed our economy for decades. And that he either lied about trying to reform it or simply failed miserably. Neither is good, but both are directly relevant.

by vcalzone 2008-10-05 08:04PM | 0 recs
Obama is too

Just not as much..

by architek 2008-10-06 03:32AM | 0 recs
Re: Obama is too

If only Our Girl had made a third-party run...

by failsafe 2008-10-06 04:50AM | 0 recs
Your girl who voted the same way as Obama?

by BrighidG 2008-10-06 05:32PM | 0 recs
well Senator McCain should have known better

before letting his pitbull with lipstick smear Obama on terrorist links..that was beyond pale Mr. McCain...and you were asking for this unfortunately...Obama campaign finally is listening to his supporters..if they attack you, hit back 10 times harder...shock and awe ...

by louisprandtl 2008-10-05 08:08PM | 0 recs
He's not listening to his supporters

He's been SO much more patient than most of his supporters. He's known all along that McCain would be backed into a corner and lash out with the Ayers and Wright stuff and they've patiently kept their powder dry, holding the K5 in reserve. Now it's time.

Had many supporters had their way he would have gone here ages ago.

by Travis Stark 2008-10-06 04:42AM | 0 recs
Re: Obama Launches KeatingEconomics.com - Full Doc

Duck season, FIRE!

We may be bearing witness to the best run campaign in recent history.  They were just waiting for someone in the McCain campaign to open their mouth, raising "concerns" about Ayers, Wright, etc.  Then BOOM!  They took the bait, now may lose the narrative until Nov 4.  Bravo!!

by neko608 2008-10-05 08:10PM | 0 recs
There's more

"Begala noted that McCain once 'sat on the board of a very right wing organization,' the U.S. Council for World Freedom, led by a retired Army Maj. General named John Singlaub. The Anti-Defamation League allegedly called the CWF's parent organization a gathering place for racists and anti-Semites."

"Other potential negative associations for McCain are his long-time South Carolina consultant, Richard Quinn,  a publisher of a Southern heritagte magazine, and John Hagee, a pastor whose endorsement McCain solicited and later rejected."

http://marcambinder.theatlantic.com/

by Blazers Edge 2008-10-05 08:21PM | 0 recs
Re: There's more

If McCain brings up Wright, Obama has to insist that Hagee's name be left out of the dialogue. His position needs to be that churches are guaranteed freedom from persecution by the first amendment.

by vcalzone 2008-10-05 08:28PM | 0 recs
I agree

frame it such that McCain is attacking preachers, while Obama won't. Wedge his own base.

We've got plenty enough with the economy, Keating and AIP.

by Neef 2008-10-06 05:18AM | 0 recs
damn you beat me to it

Again it makes me happy that Obama is taking the fight to the McCain campaign. McCain brings up Rezko, Wright, Ayers but in none of these cases was Obama investigated or reprimanded. This scandal is McCain's achilles heel. He might want to run away from it but his association with Charles Keating and subsequent reprimand and now the eerie similarities with the present Wall Street crisis and McCain advisers is worth talking about.

To all the bleeding hearts who think this is wrong, what can I say politics is tough and unforgiving business. I am glad Obama has finally decided to fight on his terms. Again this is the truth...no smears. Again many people like me wanted to see this side of the Obama campaign...tough and pugilistic. I am glad they did this.

by tarheel74 2008-10-05 08:31PM | 0 recs
Where I'd go next

So where exactly did John McCain get all of that money?

Well, low and behold:
http://blackcincinnati.blogspot.com/2008 /09/cindy-mccains-dad-was-felon.html

If that's true, then any of Obama's associations would be minor compared to having a mobster father-in-law. Hmmm.

This could get really ugly. Couldn't happen to a nicer guy.

by professor 2008-10-05 09:06PM | 0 recs
Would I be accused of concern trolling...

if I admitted to being nervous about this? McCain isn't the only one with a brand to protect. Maybe I just really did want a more civil campaign, but I worry that attacking McCain directly damages Obama's cool and unruffled appeal.

I trust the campaign; they've been smarter than me at every turn so far. But I am nervous.

by warmwaterpenguin 2008-10-05 11:53PM | 0 recs
Re: Would I be accused of concern trolling...

They won't totally go into the gutter. McCain brought out the knives, so Obama brought out the shotgun, but think they'll fire only in quick response to being fired upon. Expect a K5 discussion at the debate tomorrow though.

by Travis Stark 2008-10-06 04:45AM | 0 recs
I thnk we all wanted a cleaner campaign

on the other hand, we don't want to get Kerry'd or Dukakis'd.

The problem is that the electorate is so susceptible to the negative stuff, I'm not sure we can remain above that fray.

by Neef 2008-10-06 05:20AM | 0 recs
Re: I thnk we all wanted a cleaner campaign

I think it deosn't even have to do with responding to the negative ads so much as it is responding to the response. If Obama does nothing, people wonder why he isn't fighting back. He doesn't have to go after McCain very hard on this, just show that they have a bigger gun and aim for the knees.

Then, like Travis says, they move on.

by vcalzone 2008-10-06 08:15AM | 0 recs
Here's why they're going there.

They know the heavy GOP attacks are coming.  Not only that, they've already started.

Does anyone think the GOP has anything BESIDES Rezko, Ayers, and Wright to talk about for the next month?  They have no message on the issues, so that's what they're going to talk about.

Here's the challenge, and why I think the Obama campaign took this approach: the media, just like in 2004, will happily spend its time turning every McCain attack into a question.  If McCain says "Obama hangs out with terrorists", the media will dutifully ask "Does Obama hang out with terrorists?"

By raising the Keating 5, it ensures that the media's attempts to be fair and balanced will force them to talk about the Keating 5 in addition to McCain's attacks, and if framed right, the Keating 5 have more relevance to the economic troubles we're having now.  So while the media is shoveling attacks, they'll have a McCain attack and an Obama attack, rather than having just one side.

by barath 2008-10-06 12:07AM | 0 recs
RIght. So at tomorrow's debate...

Brokaw is now virtually forced to match any Bill Ayers question with a K5 question.

by Travis Stark 2008-10-06 04:46AM | 0 recs
Economists overwhelmingly support Obama

AS THE financial crisis pushes the economy back to the top of voters' concerns, Barack Obama is starting to open up a clear lead over John McCain in the opinion polls. But among those who study economics for a living, Mr Obama's lead is much more commanding. A survey of academic economists by The Economist finds the majority--at times by overwhelming margins--believe Mr Obama has the superior economic plan, a firmer grasp of economics and will appoint better economic advisers.

http://www.economist.com/world/unitedsta tes/displaystory.cfm?story_id=12342127

by Bush Bites 2008-10-06 04:52AM | 0 recs
I'm surprised that anyone is surprised

Obama has always had a firm grasp of overall strategy; I'm not shocked at all that he brought up McCain's biggest ethical failing (outside of the numerous times he's failed in his personal life and military career) one month before the election.

Seriously, guys.  This is the guy who beat Hillary Clinton.  Compared to her, McCain is a creampuff.

by Dracomicron 2008-10-06 05:37AM | 0 recs
Good! Now hit the secessionist thing.

And hit it hard. After how they went after Michelle?

Ol' Todd hates America so much he wants to fucking secede.

And he seems to have a large, hidden hand in most of Palin's doings.

Do we really want a secessionist for president?

by rhetoricus 2008-10-06 07:23AM | 0 recs
Just saw a blurb on tv about this

As nervous as this kind of stuff makes me, it appears to be working at least in the short term.  On the news blurb that I just saw on TV:

"Palin criticized Obama and his relationship with 60's radical William Ayer's, and the Obama campaign released a web video about the Keating 5 and McCain's involvement in the savings and loan scandal."

Obama is hitting back with fresh ads about an issue that Americans want to hear about right now, while Palin is regurgitating attacks that went stale months ago.  Hopefully the 24 hour news networks will jump on this for a few days.

Also, here's hoping that this is the best the McCain camp has... haha.

by thatpurplestuff 2008-10-06 09:11AM | 0 recs
It's risky either way

It scares me too, the McCain campaign succeed in the short run if the Pundits focus on smear wars.

Still, if the Obama team doesn't hit back, they could appear as Kerry did in 2004, when he tried to appear "above" the Swiftboat goons. Weakness or unwilling to fight back is really death for voters that want a big daddy.

It's risky either way, right now, I STILL trust Axelrod, he's been pretty much right the entire campaign so far (fingers and toes crossed.)

by WashStateBlue 2008-10-06 09:28AM | 0 recs
Yup

Exactly.  If Obama hadn't released this, I would have seen a one-sided "Palin criticized Obama and his relationship with 60's radical William Ayer's, while the Obama camp released a statement saying that McCain is practicing the old, partisan attack politics of the past".  At the very least, Obama avoids looking like a pushover.

We'll see one way or the other, but if McCain can't get his numbers up by the end of this week (especially after going 100% negative), I don't think he's going to.  Hell, even RedStaters are acknowledging that McCain's going to need a game-changing revelation about Obama or he's done.  No time for us to get lazy!

by thatpurplestuff 2008-10-06 09:52AM | 0 recs
Re: Yup

This was supposed to be a reply to WashStateBlue.. heh.

by thatpurplestuff 2008-10-06 09:53AM | 0 recs
Re: Yup

Got it...

The other thing to keep in mind is, the Ayers smear is really narrowcasting.

It works on the base, but since Sarah winked at them at the base, and told them to ignore that giant killer Katie Couric (yes, why worry about Putin, when Katie is the real tough threat) so they are back to foaming at the mouth anyway.

Anyone under 50 is probably going "Weather Underground? Is that like some kind of pop up shelter you get from REI in case it rains?"

This is narrow casted at those 50+ boomers (that would be me) and I think THAT is why it's legit to bring up Keating.

Yeah, I remember The Weather Underground.

I also remember Keating, Silverado, Neil Bush, and the entire S&L crisis, THE LAST TIME the Republicans took the brakes off the car and then allowed their rich cronies to drive it into a telephone poll.

Be careful McCain, a trip down memory lane may be tough, cause this doesn't look like the Radical Sixties, it looks like the S&L bailout era instead.

by WashStateBlue 2008-10-06 10:00AM | 0 recs
Re: Yup

This just makes me remember the analysis that these so-called "culture wars" were all rooted in the 1960s. It's the equivalent of a Hatfield-McCoy feud (or, for yankees, Montague-Capulet). And Obama is the first candidate to move past all that.

Although, to be fair, that Rolling Stone article makes clear that McCain isn't wrapped up in them either for the most part, since he was pretty much concerned with getting laid by South American models at that point in his life. I guess we know why he got Daddy Yankee's endorsement, huh?

Speaking of which, Obama still has plenty of room to go negative if he wants to. Just because John McCain's skeletons are old doesn't mean they don't exist. Most of them are younger than William Ayers's crimes by a long shot.

by vcalzone 2008-10-06 11:29AM | 0 recs
McCain is a liar, erratic and not to be trusted

I've sent the video to ten people who I knew were really Republicans. Every one of them is in hysterics about what this is going to do to McCain. One even mentioned that the documentary should have brought up that McCain talked his secretary and many other people into buying up stocks in the S&L before they all got screwed royally. This is not ancient news to those still suffering. This is what America will get if McCain is elected. Nobody, I say nobody, is in the mood to have their money and their livelihoods messed with anymore right now. They are voting Obama. This is helping more people do it. "They may get the first punch in, but we'll get the last" Direct that anger at McCain and Republicans who showed no sign of remorse at hearings today in Washington. John McCain said nothing at the recent emergency economic meeting in Washington. John McCain said nothing about the swindling of investors by his political benefactor Keating. He could have. But he didn't.

by Jeter 2008-10-06 09:10PM | 0 recs

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