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Mecca
09-22-2008, 02:23 AM
http://politicalticker.blogs.cnn.com/2008/09/18/palins-transparency-proposal-already-exists-in-dc/

Palin's transparency proposal already exists in D.C.
Posted: 02:10 PM ET

From CNN Political Producer Peter Hamby

CEDAR RAPIDS, Iowa (CNN) – Sarah Palin likes to tell voters around the country about how she “put the government checkbook online” in Alaska. On Thursday, Palin suggested she would take that same proposal to Washington.

“We’re going to do a few new things also,” she said at a rally in Cedar Rapids. “For instance, as Alaska’s governor, I put the government’s checkbook online so that people can see where their money’s going. We’ll bring that kind of transparency, that responsibility, and accountability back. We’re going to bring that back to D.C.”

There’s just one problem with proposing to put the federal checkbook online – somebody’s already done it. His name is Barack Obama.

Watch: Palin says 'Obama hasn't lifted a finger'

In 2006 and 2007, Obama teamed up with Republican Sen. Tom Coburn to pass the Federal Funding Accountability and Transparency Act, also known as “Google for Government.” The act created a free, searchable web site – USASpending.gov — that discloses to the public all federal grants, contracts, loans and insurance payments.

In June of this year, Obama and Coburn introduced new Senate legislation to expand the information available online to include details on earmarks, competitive bidding, criminal activities, audit disputes and other government information.

Palin might also have noted that her running mate, John McCain, was an original co-sponsor of the 2006 transparency bill that became law.

UPDATE: A campaign spokesperson insisted that Palin was referring not to that specific proposal, but rather to "that kind of transparency in general."

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http://ap.google.com/article/ALeqM5hC9O6sRspcMU1TS3H0CLrE2IWu-gD939MA9O0

Campaigns target each other's advisers

By NEDRA PICKLER – 2 days ago

WASHINGTON (AP) — John McCain and Barack Obama are targeting each other's economic advisers in a new pair of dueling campaign ads.

Republican McCain released a new spot Thursday that quotes The Washington Post as saying Democrat Obama gets advice on mortgage and housing policy from a former Fannie Mae chief executive, Franklin Raines.

Obama responded with an ad about McCain's "fundamentally wrong" advisers. That's a play on McCain saying earlier this week, as turmoil rocked Wall Street, that the "fundamentals of our economy are strong." He later backtracked from the comment under criticism from Democrats, including Obama.

Obama's campaign says Raines is not an Obama adviser and that McCain's campaign knows it because Raines said so in an e-mail earlier this week to Carly Fiorina, a top McCain adviser. Obama's campaign provided The Associated Press with a copy of the e-mail.

"Carly: Is this true?" Raines asks above a forwarded note informing him that Fiorina was on television saying he was an Obama housing adviser. "I am not an adviser to the Obama campaign. Frank."

Obama's campaign says Fiorina did not respond.

McCain spokesman Brian Rogers said he was not aware of the e-mail to Fiorina, but noted that the Post reported on three occasions, between July 16 and Aug. 28, that Raines was advising Obama.

"If he was not advising, obviously someone somewhere along the way should have corrected the record," Rogers said.

Obama spokesman Bill Burton said he has since asked the Post for a correction. Burton said Obama only met Raines once briefly at an event, and that Raines sought an introductory meeting with Obama Senate aide Mike Strautmanis. At that meeting, Burton said no advice was sought from or given by Raines, who also had served as President Clinton's budget director.

"This is another flat-out lie from a dishonorable campaign that is increasingly incapable of telling the truth," Burton said. "Frank Raines has never advised Senator Obama about anything — ever."

McCain's 30-second ad, titled "Advice," notes that Raines made millions and then left Fannie Mae while it was under investigation for accounting irregularities. The government took control of Fannie Mae earlier this month in an attempt to stabilize the housing market.

"Bad advice. Bad instincts. Not ready to lead," the ad says.

Obama's 30-second ad, titled "Who Advises," looks at McCain's economic advisers — Fiorina, Phil Gramm and President Bush. It notes that Fiorina was fired as chief executive of Hewlett-Packard and that Gramm called Americans hurt by the economy a "nation of whiners." It also says McCain wants to continue Bush's policies.

"They think the economy is fundamentally strong. We know they're fundamentally wrong,"
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Now generally I'd say Obama should just focus on them being idiots but If there's anything to know about the American voting populace, it's that pointing that out will just make them feel comfortable voting for someone just like them.

'Hamas' Jenkins
09-22-2008, 03:06 AM
Christ, what a tool.

Ultra Peanut
09-22-2008, 05:05 AM
oh hey wuzzis?

http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?_r=1&oref=slogin

Loan Titans Paid McCain Adviser Nearly $2 Million
By DAVID D. KIRKPATRICK and CHARLES DUHIGG
Published: September 21, 2008

Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.

A 2004 photograph from a report by the Homeownership Alliance, an advocacy group for Fannie Mae and Freddie Mac, shows John McCain with Ken Guenther, a former chairman of the group, left, and David Lereah of the National Association of Realtors.

Mr. McCain, the Republican candidate for president, has recently begun campaigning as a critic of the two companies and the lobbying army that helped them evade greater regulation as they began buying riskier mortgages with implicit federal backing. He and his Democratic rival, Senator Barack Obama, have donors and advisers who are tied to the companies.

But last week the McCain campaign stepped up a running battle of guilt by association when it began broadcasting commercials trying to link Mr. Obama directly to the government bailout of the mortgage giants this month by charging that he takes advice from Fannie Mae’s former chief executive, Franklin Raines, an assertion both Mr. Raines and the Obama campaign dispute.

Incensed by the advertisements, several current and former executives of the companies came forward to discuss the role that Rick Davis, Mr. McCain’s campaign manager and longtime adviser, played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000. Some who came forward were Democrats, but Republicans, speaking on the condition of anonymity, confirmed their descriptions.

“The value that he brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again,” said Robert McCarson, a former spokesman for Fannie Mae, who said that while he worked there from 2000 to 2002, Fannie Mae and Freddie Mac together paid Mr. Davis’s firm $35,000 a month. Mr. Davis “didn’t really do anything,” Mr. McCarson, a Democrat, said.

Mr. Davis’s role with the group has bubbled up as an issue in the campaign, but the extent of his compensation and the details of his role have not been reported previously.

Mr. McCain was never a leading critic or defender of the mortgage giants, although several former executives of the companies said Mr. Davis did draw Mr. McCain to a 2004 awards banquet that the companies’ Homeownership Alliance held in a Senate office building. The organization printed a photograph of Mr. McCain at the event in its 2004 annual report, bolstering its clout and credibility. The event honored several other elected officials, including at least two Democrats, Gov. Edward G. Rendell of Pennsylvania and Representative Artur Davis of Alabama.

In an interview Sunday night with CNBC and The New York Times, Mr. McCain noted that Mr. Davis was no longer working on behalf of the mortgage giants. He said Mr. Davis “has had nothing to do with it since, and I’ll be glad to have his record examined by anybody who wants to look at it.”

Asked about the reports of Mr. Davis’s role, a spokesman for Mr. McCain said that during the time when Mr. Davis ran the Homeownership Alliance, the senator had backed legislation to increase oversight of the mortgage companies’ accounting and executive compensation. The legislation, however, did not seek to change their anomalous structure as private companies with federal support.

The spokesman, Tucker Bounds, also noted that the Homeownership Alliance included nonprofit organizations like Habitat for Humanity and the Urban League. “It’s not controversial to promote homeownership and minority homeownership,” Mr. Bounds said. More than a half-dozen current and former executives, however, said the Homeownership Alliance was set up mainly to defend Fannie Mae and Freddie Mac by promoting their role in the housing market, and the two companies paid almost the entire cost of the group’s operations.

“They were financed largely, possibly exclusively, by Fannie and Freddie,” said William R. Maloni, a Democrat who is a former head of industry relations for Fannie Mae. “We thought it would be helpful to have someone who was a broadly recognized Republican to be the face of the organization, and that person became Rick Davis.” Mr. Maloni added, “Rick, for that purpose, turned out to be quite good.” (Several executives said Mr. Davis’s compensation was not unusual for the companies’ well-connected consultants.)

The federal bailout of the two mortgage giants has become an emblem of what critics say is the outdated or inadequate regulatory system that allowed the financial system to slide into crisis this summer.

At the time that Fannie Mae and Freddie Mac recruited Mr. Davis to run the Homeownership Alliance in 2000, they were under new pressure from private industry rivals and deregulation-minded Republicans who argued that the two companies’ federal sponsorship gave them an unfair advantage and put taxpayers at risk. Critics of the companies had formed their own Washington-based advocacy group, FM Watch. They were pushing for regulations that would deter the companies from expanding into new areas, including riskier and more profitable mortgages.

Mr. Davis had recently returned to his lobbying firm from running Mr. McCain’s unexpectedly strong 2000 Republican primary campaign, which elevated Mr. McCain’s profile as a legislator and Mr. Davis’s as a lobbyist.

“You can say what you want about free-market distortions, but people like the system because it gets them into houses cheap,” Mr. Davis said to Institutional Investor magazine in 2000, adding that he would run the advocacy group out of his Alexandria, Va., lobbying firm.

The organization also hired Public Strategies, a communications firm that included former Bush adviser Mark McKinnon. Mr. Davis wrote letters and gave speeches for the group. In April 2001, he sent out a press release headlined, “It’s Tax Day — Do You Know Where Your Deductions Are? For Most Americans, They’re in Your Home.”

But by the end of 2005, Fannie Mae and Freddie Mac were recovering from accounting problems and re-examining costs, former executives said. The companies decided the Homeownership Alliance had outlived its usefulness, and it disappeared.

John Harwood contributed reporting.

PRIEST
09-22-2008, 07:27 AM
that senile little smile he does after every punch line is a little creepy

penchief
09-22-2008, 07:52 AM
Yeah, she's all for transparency. Tell that to the state of Alaska which has just been cockblocked by the McCain/Palin campaign in their efforts to uncover the truth behind Palin's alleged abuse of power.

Transparency, my ass. I find it hard to believe that even republicans are falling for this shit.

Guru
09-22-2008, 07:55 AM
Geez this is old news from Thursday. Comedy Central. heh