Friday, October 03, 2008

The Truth About McCain

Rolling Stone has a phenomenal article about John McCain--- Make-Believe Maverick. Here are some excerpts:

....Off duty on his Mediterranean tours, McCain frequented the casinos of Monte Carlo, cultivating his taste for what he calls the "addictive" game of craps. McCain's thrill-seeking carried over into his day job. Flying over the south of Spain one day, he decided to deviate from his flight plan. Rocketing along mere feet above the ground, his plane sliced through a power line. His self-described "daredevil clowning" plunged much of the area into a blackout.....

Oh, how nice! McCain almost created an international incident.

Carol and John McCain had been very close with Nancy and Ronald Reagan. When McCain divorced his first wife, Carol, the Reagans were surprised.

.....McCain's friends were blindsided by the divorce. The Reagans — with whom the couple had frequently dined and even accompanied on New Year's holidays — never forgave him. By the time McCain became a self-proclaimed "foot soldier in the Reagan Revolution" two years later, he and the Gipper had little more than ideology to bind them. Nancy took Carol under her wing, giving her a job in the White House and treating McCain with a frosty formality that was evident even on the day last March when she endorsed his candidacy. "Ronnie and I always waited until everything was decided and then we endorsed," she said. "Well, obviously, this is the nominee of the party."

On McCain's penchant for deregulation, there is this-------

.....Unfortunately, any lessons McCain learned from the Keating scandal didn't affect his unbridled enthusiasm for deregulating the finance industry. "He continues to follow policies that create the same kind of environment we see today, with recurrent financial crises and epidemics of fraud led by CEOs," says Black, the former S&L regulator. Indeed, if the current financial crisis has a villain, it is Phil Gramm, who remains close to McCain. As chair of the Senate Banking Committee in the late 1990s, Gramm ushered in — with McCain's fervent support — a massive wave of deregulation for insurance companies and brokerage houses and banks, the aftershocks of which are just now being felt in Wall Street's catastrophic collapse. McCain, who has admitted that "the issue of economics is not something I've understood as well as I should," relies on Gramm to guide him.....

I highly recommend that you read the entire article about the spoiled, hot-tempered, hard drinking, gambler, John McCain.