"In 1989, the Senate Ethics Committee found that McCain exercised poor judgment when he interfered with the Federal Home Loan Bank Board (FHLBB) in their investigation of failed Lincoln Savings and Loan Association and its chairman, Charles Keating.
In 1987, McCain and four other Senators pressured the federal regulators to ease up on the bank. In 1989, the FHLBB seized control of Lincoln and more than 21,000 investors, mostly elderly, lost their life savings. When it seized Lincoln, the federal government also had to assume $2 billion in debt. It is not clear how much, if any, of these losses could have been avoided if the Senators had not pressured regulators.
Not only did McCain get over $100,000 in campaign contributions from Keating, but his wife and father-in-law invested in a Keating business, and McCain and his family took nine trips at Keating’s expense, including vacations to Keating’s Bahamas retreat. Unlike McCain and a fellow tarnished hero, former astronaut John Glenn (D-OH), the other members of the Keating Five had the decency not to run again.
Also, McCain is a known adulterer, who has admitted that he treated his first wife poorly. Normally this would not be the voters’ business, but McCain raised the issue when he repeatedly trumpeting his virtue on the basis of what he did in his early 30s (he is now 72).
Third, voting for candidates who run on their biography sets a bad precedent. A heroic biography is no substitute for clear guidelines on what a candidate hopes to accomplish once in office.
McCain is running on his biography rather than issues. He previously opposed Bush’s tax cuts, but now supports them. He flip flopped on offshore drilling and still opposes drilling in the Alaska National Wildlife Preserve (ANWR).
Why the U.S. should allow drilling offshore but not ANWR remains a mystery. He previously supported amnesty for 12-20 million largely poor and unskilled illegal aliens, but now doesn’t discuss it. He claims to support Supreme Court Justices similar to Scalia and Thomas, yet helped protect the Democrats’ ability to block such judicial candidates.
It is widely reported that his advisors had a hard time talking him out of selecting Sen. Joe Lieberman (D-CT) to be his running mate, despite the fact that Lieberman is a tax-and-spend liberal. For example, in 2007 the National Taxpayers Union gave Lieberman an 11% rating, that is, an F.
This leads the voter to wonder whether he is for or against tax cuts, off-shore and ANWR drilling, amnesty for illegal aliens, smaller government, and doing what it takes to appoint conservative justices."
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