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--- Begin Message ---
Friend --
Over the weekend, John McCain's top adviser announced their plan to stop
engaging in a debate over the economy and "turn the page" to more direct,
personal attacks on Barack Obama.
In the middle of the worst economic crisis since the Great Depression, they
want to change the subject from the central question of this election. Perhaps
because the policies McCain supported these past eight years and wants to
continue are pretty hard to defend.
But it's not just McCain's role in the current crisis that they're avoiding.
The backward economic philosophy and culture of corruption that helped create
the current crisis are looking more and more like the other major financial
crisis of our time.
During the savings and loan crisis of the late '80s and early '90s, McCain's
political favors and aggressive support for deregulation put him at the center
of the fall of Lincoln Savings and Loan, one of the largest in the country.
More than 23,000 investors lost their savings. Overall, the savings and loan
crisis required the federal government to bail out the savings of hundreds of
thousands of families and ultimately cost American taxpayers $124 billion.
Sound familiar?
In that crisis, John McCain and his political patron, Charles Keating, played
central roles that ultimately landed Keating in jail for fraud and McCain in
front of the Senate Ethics Committee. The McCain campaign has tried to avoid
talking about the scandal, but with so many parallels to the current crisis,
McCain's Keating history is relevant and voters deserve to know the facts --
and see for themselves the pattern of poor judgment by John McCain.
So at noon Eastern on Monday, October 6th, we're releasing a 13-minute
documentary about the scandal called "Keating Economics: John McCain and the
Making of a Financial Crisis" -- it will be available at KeatingEconomics.com,
along with background information that every voter should know.
Watch a preview right now and share it with your friends:
http://my.barackobama.com/keatingvideo
The point of the film and the web site is that John McCain still hasn't learned
his lesson.
And this time, McCain's bankrupt economic philosophy has put our economy at the
brink of collapse and put millions of Americans at risk of losing their homes.
Watch the video to see why John McCain's failed philosophy and poor judgment is
a recipe for deepening the crisis:
http://my.barackobama.com/keatingvideo
It's no wonder John McCain would rather spend the last month of this election
smearing Barack's character instead of talking about the top priority issue for
voters.
But if we work together, we can make sure the focus stays on the economy -- and
how to fix it.
Please forward this email to everyone you know.
Thanks,
David
David Plouffe
Campaign Manager
Obama for America
P.S. -- The documentary will be live at noon Eastern at
www.KeatingEconomics.com.
Donate: https://donate.barackobama.com/keatingvideo
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