Tuesday, September 23, 2008

McCain, Led By Lobbyist

And golden parachute millionaires.

Yet he denounces both. This is a amazing amount of hypocrisy, even by the standards of the modern political landscape.

John McCain has been forced to preach on the economy, and he is been trying to wrap himself up as the reform candidate. He will shake up DC and force reform on the lobbyist. Yet his campaign manager, his number one hire, the closest paid aid he has on his staff, a man destined to have 24/7/365 access to the Oval Office should McCain be elected president made millions running Fanny May and Freddy Mac's lobbying efforts to prevent regulation of their efforts.
Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.

Mr. McCain, the Republican candidate for president, has recently begun campaigning as a critic of the two companies and the lobbying army that helped them evade greater regulation as they began buying riskier mortgages with implicit federal backing. He and his Democratic rival, Senator Barack Obama, have donors and advisers who are tied to the companies.

Incensed by the advertisements, several current and former executives of the companies came forward to discuss the role that Rick Davis, Mr. McCain’s campaign manager and longtime adviser, played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000. Some who came forward were Democrats, but Republicans, speaking on the condition of anonymity, confirmed their descriptions



In addition John has railed against executive compensation, stock options, bonuses and the golden parachutes that so many of them get when they fail. The only real problem is, another one of his top advisers got a very nice parting gift from her firm as they let her (and 20,000 other workers) go. Now McCain is left having to denounce the action while at the same time defending the greed of his advisers (an adviser who has also been silenced by the campaign for stating the obvious about his VP choice).

The McCain clown car of a campaigh is amazing; They can't open their mouths without lying, they ignore obvious facts and they are unable to admit that they are ever wrong.

No wonder John has voted with George Bush so often, they think alike.



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