McCain reality check
Yesterday John McCain took to the Senate floor to rail against Fannie Mae and Freddie Mac. This is an issue on which his credibility is on par with his “complete the danged fence” ad.
During his last senate campaign, his McMachine ran ads deriding challenger J.D. Hayworth for being a “lobbyist,” when in fact former Congressman Hayworth had followed the new law in an overabundance of caution. But in the context of the grander backdrop, McCain’s tirade falls more than a bit flat.
In 2008 the New York Times ran a revealing editorial titled Look who’s denouncing lobbyists. And the Washington Post exposed that Rick Davis, McCain’s campaign manager, was president of the Homeownership Alliance, which advocated for the expansion of homeownership through low-interest mortgages funded by Fannie and Freddie. Arthur B. Culvahouse Jr., who headed McCain’s vice presidential vetting panel, was a lobbyist for Fannie Mae. Mark Buse, a longtime McCain aide, lobbied for Freddie Mac before returning to McCain’s Senate staff. McCain’s strategist Charlie Black had long-standing ties to the lenders who advocated for high-risk applicants that undergirded the mortgage crisis.
Can you say McHypocrite?
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