“McCain was against Federal regulations of America’s largest financial institutions like Fannie Mae, Freddie Mac, and AIG.”
Factually inaccurate, sir. Not sure if your intent was to deceive, or if you just swallowed some propaganda and are now regurgitating it. Here are the facts;
http://www.floppingaces.net/2008/09/16/democrats-blocked-financial-reforms-that-mccain-and-gop-proposed-in-2005/
All the links you need are there. I do disagree with his conclusions.
“If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”
– John McCain, May 25, 2006
Big Mac predicted this and was part of a bi-partisan solution. Unfortunately, The number of Congress critters taking bribes was just as bi-partisan and much larger. So now the ‘chicken has come home to roost’ as we say down here. ‘Time to pay the piper’ as they say up north.
“In the year 2000 Congressman Richard Baker (R-La.) then the chairman of the House subcommittee that had jurisdiction over Fannie and Freddie introduced legislation to more tightly regulate the mortgage giants. The bill never saw the light of day. Congresspersons from both parties receive contributions from Fan & Fred (the list) and collectively they spent $174 million lobbying Congress the last ten years.”
While Flopping Aces is wrong to try and blame this on the Democrats, you are also wrong in laying it at McCain’s feet. Both of you are being Partisan, which is OK, since that is the entire point in a bicameral system.
Considering that Since McCain was tried and acquitted in the Keating Five case (by the Senate ethics committee. As a sitting Senator, he is above the Law and cannot be arrested) and ended up being the star witness for the prosecution at the criminal trial.
“In the end, McCain received only a mild rebuke from the Ethics Committee for exercising “poor judgment” for intervening with the federal regulators on behalf of Keating. Still, he felt tarred by the affair.
“The appearance of it was wrong,” McCain said. “It’s a wrong appearance when a group of senators appear in a meeting with a group of regulators because it conveys the impression of undue and improper influence. And it was the wrong thing to do.”
McCain noted that Bennett, the independent counsel, recommended that McCain and Glenn be dropped from the investigation.
“For the first time in history, the Ethics Committee overruled the recommendation of the independent counsel,” McCain said. For his part, DeConcini is critical of McCain’s role in the affair. The two senators never were particularly cozy, and the stress of the public scrutiny worsened their relations.”
From here;
http://www.azcentral.com/news/specials/mccain/articles/0301mccainbio-chapter7.html
Your wikipedia is biased, of course. This sentence; “All five of the senators involved served out their terms.” should read, “none of the Senators were impeached.”
‘served out their terms’ is hinting of prison. ‘completed their terms’ would have been neutral, which I assume is why Wikipedia didn’t use it.
Regardless, the close brush with political death left it’s mark on Senator McCain and he has flown the straight and narrow ever since. He is a leader in the anti-corruption effort ( what little there is) in Congress.
Ohhhh……BAAMA, on the other hand is the golden child of the second most corrupt political machine in American history.
So the election is between two Senators, one who predicted and acted properly to two of the most serious crisis in American history. The other voted ‘present’ almost 130 times while a State Senator. Think about that when you draw the curtian closed on your voting booth. Do you want the guy who makes the tough call and gets it right, or the guy who votes “Present”.
