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Politico: “Obama to hit McCain on Keating Five”

From Mike Allen:

Sen. Barack Obama (D-Ill.) on Monday is launching a multimedia campaign to draw attention to the involvement of Sen. John McCain (R-Ariz.) in the “Keating Five” savings-and-loan scandal of 1989-91, which blemished McCain’s public image and set him on his course as a self-styled reformer.

Pushing back against what it calls McCain’s “guilt-by-association” tactics, the Obama campaign overnight began e-mailing millions of supporters a link to a website, KeatingEconomics.com, which will have a 13-minute documentary on the scandal beginning at noon Eastern time on Monday. The e-mails urge recipients to pass the link on to friends.

The Obama campaign, including its surrogates appearing on radio and television, will argue that the deregulatory fervor that caused massive, cascading savings-and-loan collapses in the late ‘80s was pursued by McCain throughout his career, and helped cause the current credit crisis.

Obama-Biden communications director Dan Pfeiffer said: “While John McCain may want to turn the page on his erratic response to the current economic crisis, we think voters will find his involvement in a similar crisis to be particularly interesting. His involvement with Keating is a window into McCain’s economic past, present, and future.”

[…]

Obama’s Keating offensive comes after McCain’s running mate, Alaska Gov. Sarah Palin, spent two days telling voters, donors and reporters that Obama showed poor judgment in his relationship with the former radical William Ayers.

McCain’s campaign has vowed to make a major issue of Obama’s Chicago relationships in coming days, with a senior McCain official telling Politico that they are “the vehicle that allows us to question Obama’s truthfulness about his past and his plans for the future.”

The McCain campaign also plans to invoke money launderer Tony Rezko. Officials say they will not bring up Obama’s former minister, the Rev. Jeremiah Wright, because McCain has forbidden his campaign from using that as an attack. But the officials said outside groups supporting McCain might highlight Wright.

Responding to the Keating blast from the past, a Republican official said the Obama team seemed “frantic” at “the mere mention of the word ‘Ayers.'”

McCain-Palin spokesman Brian Rogers said: “The difference here is clear. John McCain has been open and honest about the Keating matter, and even the Democratic special counsel in charge recommended that Senator McCain be completely exonerated. By contrast, Barack Obama has been fundamentally dishonest about his friendship and work with the unrepentant terrorist William Ayers, whose radical group bombed the Pentagon and the U.S. Capitol. Nor has Barack Obama come clean on his close friendship with Tony Rezko, a felon convicted on bribery charges who subsidized the purchase of Barack Obama’s home. It’s obvious that Barack Obama is frantically attacking because he knows that most voters find these kinds of friendships, and the failed judgment they expose, to be unacceptable for our next president.”

No matter. Suddenly we’ll find that horde of trolls that descended here the other day decrying “smears” and expressing a desire to “concentrate on the issues” will dutifully follow their cult’s Godhead, passing around any information they can find (or, I should say, that is “found” for them) — save of course the key fact that McCain was exonerated, and that it was the Keating scandal that turned McCain into the “reformer” he now strives to be.

The McCain camp, in response, should be ready to point out that — as a result of his poor judgment decades ago — the Senator rededicated himself to “cleaning up” government. Whereas Obama’s ties to Raines and Johnson and Wright and Ayers, et al., have done nothing but led the Illinois Senator to try coverinh up or minimizing those connections, and shout down those who try to pin him down on their significance.

Who do you want for President — someone who acknowledges his mistakes, learns from them, and rededicates himself to public service? Or a man who hopes the press and his cultish sycophants can make his transgressions disappear through guerrilla attacks and a pliant media?

Further, such a strategy by Obama will, if McCain has any sense, force he and Governor Palin to go on the attack against Frannie, Freddie, Obama, Raines, House Democrats, etc.

McCain should seek the counsel of those economic analysts who’ve been writing daily in the WSJ and elsewhere about the causes of the current crisis — utilizing their expertise to develop an easy and memorable narrative for the collapse that will stick with the American people.

He should then follow up by noting that adding to that mix a Chief Executive who was one of the main cogs in a Congressional failure will only make matters infinitely worse — and that future generations will yet again be forced to pay for the bad policy of today’s social engineers who trade “hope” for votes, never once mentioning that when the loan comes due, there will be no grace period.

A final reminder, from Democratic Counsel Robert Bennett On John McCain And Keating Five:

“After reviewing my report, the committee voted on October 23, 1990, to hold a public adjudicatory fact-finding hearing in the matter as to all five senators. This was perhaps the first time the recommendation of a special counsel not to charge a senator was rejected. This was pure politics as the Democrats on the committee did not want to cut McCain loose so that only Democrats would remain in the proceedings. If Senator McCain was not going to be cut loose, in retaliation the Republicans were going to keep Senator Glenn in the proceedings. McCain was the victim of politics, and poor Glenn was held captive to the decision on McCain. So much for nonpartisanship.”

95 Replies to “Politico: “Obama to hit McCain on Keating Five””

  1. JimK says:

    McCain shouldn’t just take off the gloves, he should get out the flamethrower. There is just so much dirt on the O! that one month is not enough time to get it all out in the public eye.

  2. happyfeet says:

    Baracky wanted to pull out of Iraq and said it would be okay if there was a genocide. He shouldn’t be pointing fingers at anybody. He’s a plenty evil fuck himself.

  3. ArcherWeps says:

    Any chance part of the comeback will include “Yes, I learned from my experience in the Keating events. This also shows the stark contrast between my opponent and myself in that I have real-world experience that informs my policies; my opponent, having no equivalent practical experience, will be easily led astray” or something more eloquent?

  4. Spies, Brigands, and Pirates says:

    If O! is running with the Keating crap, I don’t see any further reason for McCain to hold back on this.

  5. TheGeezer says:

    I keep having an impulse to rub my hands together and snickering evilly while saying, “Excellent! Excellent!”

    The campaigns are descending into mudslinging hell, and I pray the Republicans are up for it.

  6. RTO Trainer says:

    This is relatively simple.

    Unlike Obama, McCain had a plan and planeed torun for President. Not even the first time he’s tried it.

    Surely, he long ago decided that this was an issue that could be brought up and has a whole contingency already in a can somewhere for dealing with it.

    Hell, if done right, this is a baited trap that the McCain Campaign hoped someone would walk into in 2004 and it just didn’t happen. So long as the springs aren’t rusty and every one “remembers their lines” (to mix a few metaphors) this could be a lot of fun to watch.

  7. physics geek says:

    The McCain campaign also plans to invoke money launderer Tony Rezko. Officials say they will not bring up Obama’s former minister, the Rev. Jeremiah Wright, because McCain has forbidden his campaign from using that as an attack.

    Then McCain is a fucking dumbass. I don’t even think that my atheists friends will be amused by Mister God Damn America.

  8. George Orwell says:

    I’m motivated to repost something I wrote elsewhere:

    When Obastard takes power, some say that we will finally have “racial reconciliation” in America. Pure garbage. By what thought process will Obastard’s people arrive at that state? It will be the precise opposite. What are they going to say to themselves? “Well, we laid a phony guilt trip on the nation, and it delivered us the White House! I guess we won’t try that again!”

    The same goes for the partisanship of the MSM. What will they think once they have pushed Obastard over the top? “Gosh, we ignored all his misdeeds and fabricated all his merits under cover of Objective Journalism… and we got everything we wanted! I suppose we should just go back and play everything even-handedly now.”

    If anyone thinks they have seen the zenith of MSM advocacy for left-wing principles, just wait until January. You will have eight to ten years of “journalism” that will make today seem like a Socratic dialogue among disinterested greybeards.

  9. McCain could have headed this off by weeks ago talking about how he twenty years ago had fallen for bad economic ideas and learned from it – and used that as a launching pad for how to address economic policy and why deregulation has nothing to do with the present problems.

  10. Dave in SoCal says:

    because McCain has forbidden his campaign from using that as an attack

    As I noted in the earlier post (twice, even!), regardless of what Team McCain says, Palin is now zeroing in on Wright.

    Republican vice presidential candidate Sarah Palin expanded her attack on Democrat Barack Obama’s character Monday to include his relationship with an incendiary former pastor as well as his ties to 1960s-era radical Bill Ayers.

    In the process, Palin toned down her description of the Obama-Ayers relationship after her weekend remarks were criticized as exaggerated, but at the same time she embarked on a discussion of Obama’s relationship with his former pastor, the Rev. Jeremiah A. Wright Jr., which Republican presidential candidate John McCain had signaled he did not want to be a part of his campaign.

    In an interview with conservative The New York Times columnist William Kristol published Monday, the Alaska governor said there should be more discussion about Wright, Obama’s pastor of 20 years at Trinity United Church of Christ in Chicago. The Democratic candidate denounced Wright and severed ties with the church last spring after videotapes surfaced showing Wright making anti-American and anti-Semitic comments from the pulpit.

  11. happyfeet says:

    McCain needs to talk completely outside of NPR’s “deregulation” frame. Just completely ignore that and just say this problem came cause Democrats corrupted Fannie and Freddie. Baracky helped.

  12. Mr. Pink says:

    Funny we can have Congressional investigation into steroid use in baseball but they will not have any investigation into the morgage mess. CHANGE!!!!!

  13. nikkolai says:

    Trust me–we footed the bill for $700 Billion. There WILL be investigations. Dodd, Frank, Rains, et al are not going to walk on this.

  14. Mr. Pink says:

    No dice Nikk. Pelosi has already said she did not want a “witch-hunt”. Wouldn’t this be an issue that the American citizens should know in and out before they vote in November? Yes by all means it is, but the Dems and the MSM have determined that we shouldn’t so thats the end of the discussion. I have wrote my congressman asking why and haven’t recieved an answer yet.

  15. Patrick says:

    Trust me–we footed the bill for $700 Billion. There WILL be investigations. Dodd, Frank, Rains, et al are not going to walk on this.

     Oh, poor trusting and naive nikkolai.  The very people who caused the problem will be busy throwing dirt on their tracks and burying the bodies.  If the House, lead by Nancy Pelosi, does an investigation, what exactly are the chances that they will find any democrat to blame?  Zero is the correct answer.  And their water-carriers in the MSM will be quick to publish their findings, ala the 9/11 Commission.

     Jamie Gorelick anyone?

  16. Mr. Pink says:

    Jamie Gorelick worked for Fannie Mae and made hundreds of millions of dollars after helping to build that wonderful wall between the CIA and FBI. She is such a wonderful public servant she is.

  17. Cindy says:

    Obama sat in meetings with Ayers. How many times have people been in meetings, from the PTA to Corporate American only to find out later that one of those members had a sketchy past. If this is how we measure someone’s character then we all should be at fault. We have all been in a room with a criminal. Does Obama endorse Ayers beliefs, NO! He worked with the man….they wern’t buddies. McCain does however endorse the criminal behaviors of the Bush administration. who will be charged with war crimes, by a foreign country in the near future! Stay tuned.

  18. Obstreperous Infidel says:

    If you really believe that O! didn’t know Ayers’ sordid and criminal past, then you’re a fucking moron. In a vaccum, you may actually be correct. However, there is no vacuum. They sat on boards together. Obama launched his political career in Ayer’s house. They share the same ideologies. Only difference is that Obama never resorted to violence. So he’s not a complete piece of garbage. No one is saying that Obama is a piece of garbage like Ayers, just that they’re likeminded. Maybe, you are too so it doesn’t bother you.

  19. Benedick says:

    Cindy, step away from the keyboard and get back to scribbling your crayola manifesto.

  20. urthshu says:

    >>We have all been in a room with a criminal. Does Obama endorse Ayers beliefs, NO! He worked with the man….they wern’t buddies. McCain does however endorse the criminal behaviors of the Bush administration. who will be charged with war crimes, by a foreign country in the near future!

    Hmm. I’ve known some crazy, anti-American folks before, protesters from Gulf I who did some crappy shit I didn’t approve of. Don’t hang with any of them anymore, as it sort of disgusted me to hear them talk about how cool it would be for Iraqi troops to kill suburbanites and that.

    Does Obama, though, endorse Ayers’s beliefs? No. Obama has his own beliefs and they seem to coincide to a remarkable degree, given what Obama has written about himself. Its even likely that he sought Ayers out, since he wrote in his ‘memoir’ that he purposefully hung out with radicals.

    So, BS to that, too.

    And a foreign country trying Bush for war crimes? In your fucking dreams, fool.

  21. geoffb (JARAIP) says:

    As an addendum, here is the NYT, Struggle in Congress; Hearings Planned for all 5 Senators in Keating Inquiry, article October 24th 1990.

  22. Chris says:

    Sarah and Palin and John McCain should have kept quiet. Their latest attacks propted recollection of “The Keeting Five” in which Sen. John McCain and Sen.John Glenn had their political careers spared because they were US heroes. All five senators where charged on thisk,multiple counts and Three lost reelection b/c of this.

  23. Spiny Norman says:

    All five senators where charged on thisk,multiple counts and Three lost reelection b/c of this.

    McCain was completely cleared of all charges. He was charged so that it wouldn’t be only Democrats in the glare of the spotlight. He did nothing illegal or unethical. Alan Cranston (D-CA) was the one responsible, and brought in the others to try to cover his corrupt ass.

    Try again, chump.

  24. Spies, Brigands, and Pirates says:

    Sarah and Palin

    Sarah AND Palin?

    Well, if both the Duchess of York and one of the Pythons say so…

    propted

    Propted?

    where charged

    You’ve got me. Where were they charged?

    thisk

    “Thisk”? Is that anything like fisking?

    and Three lost

    Yes, we’ve got Trouble,
    Right here in PW City.
    With a capital T;
    That rhymes with Three.
    You are a FOOL!

  25. ADG says:

    Bush has ties to binladins family and for a long time! yet noone seems to think about why we still havent found him while bush has been pres,. mccain has kissed bushes ass for 8 years. Im not much into asskissers!!!

  26. Sdferr says:

    Is Bin Laden’s family guilty of something besides being Bin Laden’s family? Oh, some of them are Saudi Arabians! I guess (q.e.d.) that must make them evil wrongdoers under your rubric, ADG?

    Do you entertain at kids parties too?

  27. Spies, Brigands, and Pirates says:

    noone

    Peter Noone? What do Herman’s Hermits have to do with it?

    Maybe you’re trying to write in that crappy RenFaire pseudo-Elizabethan dialect?

    “What ho, varlet! We shalst repair to Ye Old Grog Shoppe betwixt Noone and one o’ the clock, therewith to feasteth and gropeth ye merrie buxom wenches.”

    binladins havent bushes

    I’ll buy an apostrophe, Pat.

    Im not much into asskissers!!!

    Or into spelling, grammar, or punctuation, it would appear.

  28. ADG says:

    HA !! YOUR REALY FUNNY! I love people who dont run on lies, and start wars from lies, and I cant stand people who claim to be pro life and pro war at the same time, but I get why you would cry over my comment. sdferr .

  29. thor says:

    Jesus turned water into wine. George Bush turned dollars into dimes.

    Drink anyone?

  30. Spies, Brigands, and Pirates says:

    YOUR REALY FUNNY!

    What does his realie have to do with it?

    I get why you would cry over my comment

    Hmm.. so you have that mental disorder that makes you incapable of discerning other people’s emotional state? I think I read about that in an Oliver Sacks book.

    ‘Cause I strongly suspect that most of us are laughing at your comments.

  31. Sdferr says:

    Cry?

    ADG, you haven’t a clue, have you?

  32. happyfeet says:

    I like George Bush. It’s not his fault the Democrats made everybody give loans to people with stupid bad credit. Baracky agitated for the policies that ended up screwing everybody over. Baracky’s a lot complicit in this whole mess. Him and Barney and Harry and Nancy, but him and Barney mostly cause they took so damn much money from Fannie Mae. You won’t read about this in Baracky’s media or hear it on Baracky’s NPR but it’s a proven fact.

  33. thor says:

    Right when you call out others on punctuation and spelling you lay a “realie” down.

    You must really hate when that happens, eh sPies?

  34. ADG says:

    sdferr I thought about what you said, and its probly true, I maynot have a clue . But you are for sure a big fat NERD!

  35. happyfeet says:

    You stick to your guns, ADG. Don’t let sdferr get you down with his superior intelligence and stuff. Yes we can, ADG. Believe it.

  36. Spies, Brigands, and Pirates says:

    maynot

    What’s Maynot? A low-cal mayonnaise substitute?

    “I can’t believe it’s not mayo!”

  37. But you are for sure a big fat NERD!

    okay, now I’m crying. from laughter…. HOW WILL YOU LIVE WITH YOURSELF SDFERR???

  38. ADG says:

    Thanks happyfeet! your cool!

  39. Xanthippas says:

    As a Democrat, I beg you to attack Obama on Wright, Ayers and Rezko. No one cares about Wright anymore because you guys already shot your wad on him back in March, and hardly anybody knows who the hell Rezko or Ayers is. I expect those commercials to go over like lead balloons while the Dow is dropping hundreds of points a day. Please, please attack Obama on these associations…so we can see him elected President on Nov. 4th.

  40. Sdferr says:

    Oppressors Я Us (and stuff).

  41. ADG says:

    maggie I know he don’t care about what I think. he’s still a nerd.

  42. Spies, Brigands, and Pirates says:

    you guys already shot your wad on him back in March

    “You guys” meaning Hillary Clinton?

    I don’t think she posts here, YellowHoss.

  43. Dan Collins says:

    You got it, Xanth! Should we toss you into that briar patch, too?

    RACIST!!!

  44. ADG says:

    NERDS R US (AND STUFF)

  45. geoffb says:

    Nononono,

    The proper name for the Dem’s is
    “Thugs ‘R Us” They have owned it since the 1850’s.

  46. Hard to say how the public will respond to this but I think probably a minor incident in his career 20 years ago regarding events people didn’t really understand at the time nor remember isn’t likely to have much impact.

    Associating with anti-American hatemongers and terrorists a few months ago now… that might hurt.

  47. B Moe says:

    Comment by Cindy on 10/6 @ 12:48 pm

    Obama sat in meetings with Ayers….

    Don’t forget their kids went to school together.

    Which you have to admit is pretty fucking odd given the twenty year age gap. But who am I to judge?

  48. Which you have to admit is pretty fucking odd given the twenty year age gap.

    B Moe, do you have a source handy for that?

  49. JJ says:

    Bush pals around with the Bin Laden family, and he got re-elected.

    As for McCain:
    McCain destroyed more American planes in his career as a fighter pilot that he downed enemy planes.
    McCain unloaded his missiles on the flight deck of an aircraft carrier killing 134 American soldiers.
    McCain was a POW songbird and gave information to the enemy that resulted in the death of many American soldiers.

    ”COUNTRY FIRST” !!! Sure…

  50. Spies, Brigands, and Pirates says:

    JJ: Do you really think anyone is going to believe your lies?

    Here?

  51. hey, SBP, if it’s on the interwebs, it must be true!

  52. JJ says:

    If any of you look into the McCain family history you will clearly know that the only reason J McCain ever got to fly a plane was because of his admiral father and grandfather. He was clearly a sub par soldier (894/899) and I don’t see any of his wartime peers coming out to say what a great hero J McCain was in Vietnam. I’d like to hear what his buddies on the Forrestal have to say about John McCain.

  53. Spies, Brigands, and Pirates says:

    He was clearly a sub par soldier

    Yeah, sailors generally aren’t very good at the soldiering thing.

    Moron.

  54. Sdferr says:

    Hey SBP, did you hear that Obama was dealing heroin during his Columbia U. years back when he lived on the upper east side with that Pakistani fellow Siddiqi? Wow, right? Sure enough, a heroin dealer, that’s what I heard. What’d you hear, JJ?

  55. I don’t see any of his wartime peers coming out to say what a great hero J McCain was in Vietnam.

    are you blind? or just not looking?

  56. JJ says:

    from your link Maggie,

    ‘At least one former POW says he won’t vote for McCain. Phillip Butler, a former Navy pilot shot down in 1965 who now lives in Monterey, Calif., lived across the hall from McCain at the U.S. Naval Academy. “I like and respect John as a person, but even if he were my blood brother, I would not vote for him,” he says.’

    ‘Butler faults McCain’s temper, age and stand on issues such as Iraq. He also says that many other POWs besides McCain turned down a chance for early release, and accuses him of using his imprisonment for political advantage: “He was just one of the guys, nothing special until the media started making him the hero, and he played along.”‘

    I’m not Blind, are you?

  57. Sdferr says:

    Hey, JJ, supporting a heroin dealer for President? Is that because you think his heroin dealing experience will be a useful knowledge base when it comes to sorting out the Afghan opium poppy growers?

  58. Spies, Brigands, and Pirates says:

    At least one former POW

    So you found one guy who was in school with him who doesn’t like him?

    Rather high standards you have there, JJ.

    Moron.

  59. JJ says:

    Another ringing endorsement of McCain from a fellow POW from your link Maggie,

    “I know him as a man, and that’s most important,” says Bill Austin

  60. When has Senator McCain claimed to be a hero? He always says he’s just one of the guys. in any case, I wouldn’t vote for Senator McCain either – and neither would Professor Goldstein. That doesn’t mean we should or will support Senator Obama eh?

    And really if your best defense against Obama’s ghastly background and entanglements with radicals and terrorists is “well McCain is a jerk!” then you run with that and see how well it works.

  61. please to ignore the many MOH people at the convention. There’s this one guy, ya know. That wasn’t even in the same camp. but he knows stuff.

  62. JJ says:

    Sdferr,

    I thought Bush was the Heroin dealer. Thanks for clearing that up for me. McCain was too dumb to be a dealer, he was just a user.

    http://www.rollingstone.com/news/coverstory/make_believe_maverick_the_real_john_mccain

  63. JJ says:

    Where have I said one word in support of Obama?

  64. Spies, Brigands, and Pirates says:

    Goodbye, troll.

    (trollhammered)

  65. Sdferr says:

    Oh, nowhere did you say you support Obama, there JJ, my mistake entire. So you don’t support Sen. Obama’s bid to be CinC? Or you do support someone else? Do tell.

  66. JJ says:

    I think Obama is the lesser of two evils when you look at all the F__K ups these two have done in their past lives. I think Obama is real change, McCain is ‘Bush on Steroids’. There you go….

  67. I think Obama is real change

    hey, so do I! but not in a good way…

    and you’re allowed to say fuck here.

  68. Ira says:

    Hey, Jeff..?
    “Further, such a strategy by Obama will, if McCain has any sense, force he and Governor Palin to go on the attack against Frannie, Freddie, Obama, Raines, House Democrats, etc.”
    Again..?
    “Such a strategy by Obama will… force he and Governor Palin…”?
    Such grammar… tsk tsk… like the wrestling commentator who says during an interview that “the fans and myself want to know…”

  69. Sdferr says:

    Oh, so you are supporting the former heroin dealer then? And all the while peddling a bunch of utter crap about Sen McCain’s military career (which, you know, is the sort of thing it would never occur to Sen Obama to have had). That’s good to know. Keep on keeping on.

  70. JJ says:

    Wall Street and the rich have proven over the past eight years (and throughout history) that given any opportunity they will just line their pockets and fuck the middle class (F you and your job, I can get it cheaper from China). Unfortunately for them, America needs the middle class. When corporations ship jobs overseas, they are too stupid to realize that they are fucking over their customer base. If their customers don’t have jobs, they cannot buy their products (no matter how cheap you make them). Sounds like business 101. And the one thing I’ve learned is that Wall Street and Corporations don’t think ‘Country First’, they think ME FIRST, fuck the country. That’s why we need to regulate these bastards. We need some RULES OF PLAY for corporate America.

  71. RTO Trainer says:

    Change what, JJ?

    Change when and how?

    I can’t even consider it until there are hard answers to these questions.

  72. Sdferr says:

    Hey, JJ, read David Ricardo on comparative advantage, then come back and we’ll talk about jobs going overseas and the rest of the story of economics. In the meantime, take a look at this chart and see if you can glean anything from it.

  73. RTO Trainer says:

    JJ, the depth of your historical perspective resembles the measurement of average daily rainfall in Arizona.

  74. JJ says:

    McCain is a spoiled brat. He is not a leader. When I listen to him speak I feel that he is not looking at the Big Picture in America. He just gets tangled up in petty things. I’d like to ask him what he considers Victory in Iraq to be? I also think that he knows nothing about the economy. America is in crisis, and he doesn’t even realize it. How is McCain at 72 going to fix this mess? If something happens to McCain, then we get a train wreck for President.

  75. Sdferr says:

    JJ, is it your conviction that a president is meant to “fix” the economy? Really?

  76. Sdferr says:

    Have you read Amity Shlaes excellent book “The Forgotten Man” to acquire a sense of what happens when a President takes it upon himself to “fix” the economy? If not, I’d suggest you give it a go.

  77. JJ says:

    Sdferr,

    That’s a pretty chart. What I see is nothing past 1990. Maybe you should update it. And you could add something called inflation to it, to even out your line a bit. Ever heard of the time value of money?
    Every empire in the history of mankind has fallen. Some were larger than the American Empire. We need to be very careful and think of the Big Picture. We are going into a critical time in America’s history. There are many LARGE problems that are in need of long term solutions.

  78. B Moe says:

    What I see is nothing past 1990.

    You’re pretty dense, huh?

  79. Sdferr says:

    “Real” GDP means it already has been adjusted for inflation, JJ.

  80. Sdferr says:

    1790-2007, how’s that? Still, it would be a good thing if you thought the question through, rather than spending your time and mine insistently missing the point.

  81. JJ says:

    If their would have been regulations in place, then maybe our president G.W.Bush wouldn’t have had to take it upon himself to ‘fix’ this train wreck that he created. I blame HIM because HE IS the Commander in Chief, and it’s about time that we got rid of him and his fucked up policies. If GWB was running a company on wall street (instead of the country) he would have been kicked to the curb at the end of 2003.

    And to answer your question, no I haven’t read it. I’ll have a look.

  82. Sdferr says:

    Jeez, that’s a remarkable fixation on Pres. Bush you’ve got there JJ. But then, you aren’t alone in this world, certainly, so enjoy what company you have in it.

    That you would blame Pres. Bush tells much of the tale of your understanding of the thing we tend to call “the economy” pretty well though, I dare say. That you think there weren’t “regulations” in place tells a great deal as well. But by all means, read “Forgotten Man” and see if you don’t come away with a better feel for regulations, the government and economic consequence.

    Auf wiedersehen.

  83. JJ says:

    I only brought up Bush because you mentioned the bit about a President “fixing” the economy. Who thought of this Bailout?
    Maybe I’m ignorant, but what I hear from the ‘experts’ that are trying to explain what happened is that the type of investments that caused this crisis were not regulated, and that many of the firms didn’t even understand what they were peddling.
    From what I understood is that these derivative investments are like insurance policies, only they are not required to be backed up with cash (as an actual insurance policy is regulated) because they are not regulated. When the sub-prime market crashed, the derivative investments kicked in and the Wall Street banks were thus forced to pay out the contracts and were left without cash to operate because the risk in the investments was not showing on their books. Thus these banks were in effect operating with cooked books.

    Maybe you can explain it better.

  84. SaTx says:

    Gotta love this stuff. The moron are definitely out in vogue. Here, I thought chuckk over at Ace’s was funny, this JJ person though, what can I say? Thanks for the laughs JJ!
    You astroturfers are even better than network tv for pure laughs!

  85. Sdferr says:

    Well, JJ, I’m ignorant too, right along with you there, so I’m not at all certain how far you and I would get (even though we should happen to do it together) trying to understand “What Just Happened” as the current saying goes.

    On the other hand, it could be that our recognition of the fact that we are ignorant is a very good start on the road to understanding. Though we likely wouldn’t start out, for instance, by claiming that we (of all people!) know what must be done and how it ought be done, would we? Or that we know So-and-So knows what’s going on and everybody should look to him for the story, would we?

    So instead, I suggest we, you and I, keep at trying to learn the details, the ins and outs of economics and that particularly with a view to setting our emotional reactions (or moral sentiments, if you prefer) aside, in order to understand, as opposed to getting this guy or that guy, this gal or that gal, elected.

    Y’know, fuck that. Let’s learn something worth learning just for the sake of learning it, what say you? And then later, if we happen to know something worth knowing, we can pass it along for other’s consideration and maybe even be lucky enough to help out in an emergency. That would be better than sputtering a bunch of nonsense in the meantime, no?

  86. Obstreperous Infidel says:

    JJ…Dude. You’re embarrassing yourself. Really. “Maybe I’m ignorant” Ya think? Think about this for a second. Does a president “regulate” anything?

  87. B Moe says:

    I blame HIM because HE IS the Commander in Chief

    Of the economy?

  88. JJ says:

    Sdferr,
    You are right on the money. Deep down we all just want the best for the country and it’s citizens. There are many ignorant people out there, at least we are men enough to admit that we don’t have all the answers and yes, we fuck up often.

    Obstreperous Infidel and B Moe,
    The President is the commander in chief and is supposed to be our leader. Just think about where we have been led since 9/11. You think the economy is Bush’s only fuck up?

  89. B Moe says:

    You think the economy is Bush’s only fuck up?

    I think Bush’s primary fuck up is letting the deficit get farther out of control with the expansion of government and the welfare state, and not calling the Democrats on their treasonous behavior the past 7 years. The economy is mostly the handiwork of others, and I support most of Ws foreign policy.

    And Bush is Commander in Chief of the military. He doesn’t command me.

  90. JJ is clearly one of those people who knows everything, and when proven wrong shrugs and moves on to the next point as if nothing happened, only to go back to the previously disproved point later on. Because you know, he can’t be wrong and a conservative can’t be right, so even if he had no answer at the time, that doesn’t prove him wrong, just unprepared with the right argument. Which he’ll get from a professor or Daily Kos, and come back to try later. Failing over and over and being proven wrong repeatedly doesn’t matter – the deeper truth of what he feels to be true is what matters, and he feels deeply.

  91. and is supposed to be our leader

    um, are you in the military? otherwise, I missed where the constitution said that the President controlled the economy. Where might these regulations you talk about originate?

  92. David R. Block says:

    John Glenn, now campaining for Barack in Ohio, also one of the Keating Five. Maybe Barack shouldn’t go there. Or will it be “another one under the bus?”

  93. Obstreperous Infidel says:

    JJ, if you’re still lurking. You’re blaming the president for this mess. At the same time you’re blaming deregulation. Who regulates commerce? Who regulates banking? Come on JJ. You can do it.

    David R. Block, that is hilarious. Ixnay on the eatingkay ivefay!

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