Keating Economics

The current economic crisis demands that we understand John McCain's attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late '80s and early '90s.

Keating Five Redux

In a clip from their documentary "Third Term," Progressive Accountability finds a direct tie between John McCain's actions in the Keating Five scandal and his current response to the economic crisis. Watch:

Obama slams McCain for Lobbyist Flip Flops

Just twelve years ago, when John McCain was politically recuperating from his involvement in the Keating Five scandal, he introduced legislation that would, if implemented today, cripple his presidential campaign.

In March 1996 and again the following year, McCain offered a bill that, in his own words, "would ban a candidate or a candidate's authorized committee from paying registered lobbyists."

John McCain has agreed with me on some of the steps we need to make our government more ethical and accountable. Almost a decade ago, he offered a bill that, in his words, would ban a candidate from paying registered lobbyists. Let me repeat that. This -- ten years ago, John McCain offered a bill that said he would ban a candidate from paying registered lobbyists. And he did this because he said that having lobbyists on your campaign was a conflict of interest. This is what he said ten years ago.

"Well, I'll tell you that John McCain then would be pretty disappointed with John McCain now, because he hired some of the biggest lobbyists in Washington to run his campaign. And when he was called on it, his top lobbyists actually had the nerve to say, 'The American people won't care about this.'