tagged w/ The Truth Matters
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Two reports tonight, one from the New York Times, and the other from Newsweek, contradict John McCain's earlier statement that his campaign manager Rick Davis had no involvement with mortgage giant Freddie Mac, one of the companies at the heart of the current financial crisis, for the last several years. The Times reports:
One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement. The disclosure contradicts a statement Sunday night by Mr. McCain that the campaign manager, Rick Davis, had no involvement with the company for the last several years. Mr. Davis's firm received the payments from the company, Freddie Mac, until it was taken over by the government this month along with Fannie Mae, the other big mortgage lender whose deteriorating finances helped precipitate the cascading problems on Wall Street, the people said... Two reports tonight, one from the New York Times, and the other from Newsweek,... more
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To hold John McCain accountable to his own standard, the Democratic National Committee will count and chronicle the lies here on the McCainPedia's "Count the Lies" page.
I posted this as an update on the Lie counter, Conniepae First posted this on September 15 and he was up to 51 lies, then I posted a similar story on the 16th because I missed her POD and he was at 54, Today the count sits at 61.
Click the link above to Check the Facts and The Lies.
To hold John McCain accountable to his own standard, the Democratic National Committee... more
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John McCain may be trying to sell himself as a "maverick" and a "straight talker" who will tell the truth no matter the consequences, but independent, non-partisan watchdog groups aren't buying it. But, since he wrapped up his party's nomination, John McCain has offered more of the same false attacks and smears. To date, independent, nonpartisan fact checkers have published more than 50 fact checks debunking John McCain's lies and distortions.
To hold John McCain accountable to his own standard, the Democratic National Committee will count and chronicle the lies here on the McCainPedia's "Count the Lies" page.
60 Fact Checks
FactCheck.org: McCain Ad Repeats False Tax Cut Charge on Tax Cuts. "The McCain-Palin campaign has released a new ad that once again distorts Obama's tax plans. The ad claims Obama will raise taxes on electricity. He hasn't proposed any such tax. Obama does support a cap-and-trade policy that would raise the costs of electricity, but so does McCain. It falsely claims he would tax home heating oil. Actually, Obama proposed a rebate of up to $1,000 per family to defray increased heating oil costs, funded by what he calls a windfall profits tax on oil companies. The ad claims that Obama will tax 'life savings.' In fact, he would increase capital gains and dividends taxes only for couples earning more than $250,000 per year, or singles making $200,000. For the rest, taxes on investments would remain unchanged." [FactCheck.org, 9/18/08: http://www.factcheck.org/elections-2008/there_he_goes_again.html
John McCain may be trying to sell himself as a "maverick" and a... more
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By Joe Klein
Politics has always been lousy with blather and chicanery. But there are rules and traditions too. In the early weeks of the general-election campaign, a consensus has grown in the political community — a consensus that ranges from practitioners like Karl Rove to commentators like, well, me — that John McCain has allowed his campaign to slip the normal bounds of political propriety. The situation has gotten so intense that we in the media have slipped our normal rules as well. Usually when a candidate tells something less than the truth, we mince words. We use euphemisms like mendacity and inaccuracy ... or, as the Associated Press put it, "McCain's claims skirt facts." But increasing numbers of otherwise sober observers, even such august institutions as the New York Times editorial board, are calling John McCain a liar. You might well ask, What has McCain done to deserve this? What unwritten rules did he break? Are his transgressions of degree or of kind?
Almost every politician stretches the truth. We journalists try to point out the exaggerations and criticize them, then let the voters decide. When McCain says, for example, that Barack Obama favors a government-run health-care system, he's not telling the truth — Obama wants a market-based system subsidized by the government — but McCain's untruth illuminates a general policy direction, which is sketchy but sort of within the bounds. (Obama's plan would increase government regulation of the drug and insurance industries.) Obama has done this sort of thing too. In July, he accused McCain of supporting the foreign buyout of an American company that could lead to the loss of about 8,000 jobs in Wilmington, Ohio. McCain did support the deal, but the job loss comes many years later and was not anticipated at the time. That, however, is where the moral equivalency between these two campaigns ends.
McCain's lies have ranged from the annoying to the sleazy, and the problem is in both degree and kind. His campaign has been a ceaseless assault on his opponent's character and policies, featuring a consistent—and witting—disdain for the truth. Even after 38 million Americans heard Obama say in his speech at the Democratic National Convention that he was open to offshore oil-drilling and building new nuclear-power plants, McCain flatly said in his acceptance speech that Obama opposed both. Normal political practice would be for McCain to say, "Obama says he's 'open to' offshore drilling, but he's always opposed it. How can we believe him?" This persistence in repeating demonstrably false charges is something new in presidential politics.
Worse than the lies have been the smears. McCain ran a television ad claiming that Obama favored "comprehensive" sex education for kindergartners. (Obama favored a bill that would have warned kindergartners about sexual predators and improper touching.) The accusation that Obama was referring to Sarah Palin when he said McCain's effort to remarket his economic policies was putting "lipstick on a pig" was another clearly misleading attack — an obnoxious attempt to divert attention from Palin's lack of fitness for the job and the recklessness with which McCain chose her. McCain's assault on the "élite media" for spreading rumors about Palin's personal life — actually, the culprits were a few bloggers and the tabloid press — was more of the same. And that gets us close to the real problem here. The McCain camp has decided that its candidate can't win honorably, on the issues, so it has resorted to transparent and phony diversions.
By Joe Klein
Politics has always been lousy with blather and chicanery. But there... more
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In an extraordinary turn, the Federal Reserve was close to a deal Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International Group, in exchange for an $85 billion loan, according to people briefed on the negotiations.
A person briefed on the matter said the agreement does not require shareholder approval.
If the Fed takes a controlling stake, it is likely that it would want to replace A.I.G.’s board as well as its chief executive and chairman, Robert B. Willumstad.
The Fed’s action came after Treasury Secretary Henry M. Paulson and Ben S. Bernanke, president of the Federal Reserve, went to Capitol Hill on Tuesday night to meet with House and Senate leaders. Mr. Paulson called the Senate majority leader, Harry Reid, Democrat of Nevada, about 5 p.m. and asked for a meeting in the Senate leader’s office, which began about 6:30 p.m.
The Federal Reserve and Goldman Sachs and JPMorgan Chase had been trying to arrange a $75 billion loan for A.I.G. to stave off the financial crisis caused by complex debt securities and credit default swaps. The Federal Reserve stepped in after it became clear Tuesday afternoon that the banking consortium could not complete the deal in time.
Without the help, A.I.G. was expected to be forced to file for bankruptcy protection.
They just can't give our money away fast enough.These guys are supposed to be conservative?!
In an extraordinary turn, the Federal Reserve was close to a deal Tuesday night to... more
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It is nice to see someone besides John Stewart doing the heavy lifting and calling them out on the carpet for this underhandedness.It is nice to see someone besides John Stewart doing the heavy lifting and calling... more
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By E. J. Dionne Jr.
Tuesday, September 9, 2008; Page A23
John McCain's campaign acknowledged this weekend that Sarah Palin is unprepared to be vice president or president of the United States.
Of course, McCain's people said no such thing. But their actions told you all you needed to know.
McCain, Barack Obama and Joe Biden all subjected themselves to tough questioning on the regular Sunday news programs. Palin was the only no-show. And it's not just the Sunday interviews. She has not opened herself to any serious questioning since McCain picked her to be next in line for the presidency.
McCain's advisers clearly don't trust Palin to answer questions about policy and don't want her to answer many of the questions that have been raised about her tenure as governor of Alaska.
Rick Davis, McCain's campaign manager, gave the game away when he said on "Fox News Sunday" that she would not meet with reporters until they showed a willingness to treat her "with some level of respect and deference."
Deference? That's a word used in monarchies or aristocracies. Democracies don't give "deference" to politicians. When have McCain, Obama, Biden or, for that matter, Hillary Clinton asked for deference?
By E. J. Dionne Jr.
Tuesday, September 9, 2008; Page A23
John McCain's... more
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Even the Associated Press is reporting GOP lies now
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