McCain Money News Roundup for Oct. 28, 2008
MccClatchy Newspapers’ Greg Gordon filed an interesting report yesterday that appears to debunk John McCain’s claim that, after the embarrassment of the Keating Five scandal, he never again pressured regulators on behalf of a friend. In fact, the story says McCain “promoted an Arizona land swap that would’ve benefited a former mentor and partner of the scandal’s central figure.”
The story details McCain’s efforts in the late 1990s to forge a land swap with the U.S. Forest Service that would have benefited the owners of the Spur Cross Ranch, which included a company controlled by former Charles Keating associate Carl Lindner Jr.
Gordon notes that, before the deal fell through, “McCain and an aide pushed for the exchange in more than a half dozen sometimes-testy letters and phone calls up and down the Forest Service’s hierarchy, according to former agency officials and correspondence. McCain’s office even circulated draft legislation that would have overridden the agency’s objection to surrendering national forest land.”
The New York Times’ Larry Rohter reports on a notable absence from McCain’s “economic roundtable” on Monday: lobbyist and former Sen. Phil Gramm. Gramm, along with former Hewlett-Packard CEO Carly Fiorina, has been “shunted off to Siberia, not because of policy disagreements but as the result of gaffes that reflected badly on the Republican candidate.” In Gramm’s case, of course, the gaffe was the infamous “nation of whiners” comment.
As has been noted, the Republican National Committee’s fundraising and spending is what’s really keeping McCain in the race at this point. Those of you interested in the nitty-gritty of how the RNC (and its Democratic counterpart) have been spending and raising money lately will appreciate this report from CQ Politics’ Greg Giroux.
National Journal has a new blog, “Under the Influence,” that focuses on the “lobbying and advocacy industry.” One of its first posts, by Alexis Simendinger, examines how lobbyists feel about being a punching bag in this year’s race. The lobbyists in this story call the focus on their profession “silly and arbitrary” and “at its core…political.” The new blog also offers up a PDF of how an Obama administration plans to deal with lobbyists.
Speaking of Obama, USA Today’s Ken Dilanian notes that business executives are warming up to the Democratic nominee. The story reports that among Obama’s donors, “5,845 list “CEO” or “chief executive” in their title, compared with 2,597 of McCain’s donors.” Interestingly, the executives quoted appear to be doing more than cozying up to a front-runner – their decision to give seems motivated by personal beliefs.
Tags: Carl Lindner Jr., fundraising, Keating Five, lobbyists, McCain, Obama, Phil Gramm, Republican National Committee
