Tuesday, October 28, 2008

Keating Five For President ‘08

Let me preface this with the fact that until the spring of 2007 I was a registered Republican.  I registered Republican the day I could register and was proud to do so.

I continue to receive emails telling me how the current financial debacle is the fault of the Democratic party. Let’s look at some facts:

  • Republicans have had control of the White House for 20 of the last 28 years.
  • Republicans took control of Congress in 1992 for the first time in 50 years, and they held onto that control either in Majority or Plurality until 2006. (You can verify my facts from Wikipedia).

So, lets ASSuME that President Jimmy Carter and the "Liberal Democrats", and hell let’s even throw in the Acorn scandals, are to blame for the current financial crisis. With that assumption in mind, let’s analyze this.

For the last 28 years, any of the seated Republican presidents, the Republican controlled Congress were UNABLE, unwilling even, to see, stop and fix the “Carter/Liberal Democrat/Acorn” financial Tsunami that we now find ourselves in. Sounds like someone was asleep at the wheel.

On top of it let’s throw in a little fact that people seem to be ignoring this election.  Anybody remember the Keating Five?  I won't bother writing all the details here (feel free read all about it here – take your time, I will wait, I want you to be educated). Summary:

The U.S. Savings and Loan crisis of the 1980s and early 1990s was the failure of 747 savings and loan associations (S&Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. taxpayer.[1]

That’s about 308 billion dollars today to you and me, paid for by the American taxpayer.  Sounding familiar? Who was behind this scandal, a one John McCain and four other U.S. Senators (full disclosure - the other four were Democrats). McCain was cleared of acting improperly, but was criticized for "poor judgment".

This is the same man who has a history of deregulation.  The same man running for President of the United States who wants to fix the financial debacle we are in.

Really.  The current financial crisis can be blamed on the Democrats? 

Tell you what.  If it is their fault, maybe they have a better understanding of the problem and we should put them in office to fix it. If it is not the Republicans fault they sure couldn’t see it coming over the last 28 years.  Talk about running the government blind.

It’s looking like the late 80's all over again but with a bigger bailout, a bigger financial crisis and a former Keating Five member wants you to put him into the White House to fix it.

Think about it.


  1. I am still in favor of term limits for all politicians. To me that is the only solution that and no lawyers allowed in congress.

  2. I have already voted and I voted for what I thought was the lesser of the two evils. Please notice I said evils not the best one. Either way things have fermented so long that the brew in Washington needs to be dumped all the way across not just one side or the other. Seems as though, just as in beer making, if a little bit of bad yeast if left in the crock the batch will turn bad.

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  4. I want to vote for Ralph Nader on principle alone...He represents a truly different political party...Dem/Rep are basically the same white collar VERY rich people in it for themselves however, I agree with previous post and will vote for the lesser of two evils, in my opinion, Obama.