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Another Questionable McCain Pick

John McCain's strong suit is supposed to be his judgment. But that is being called into question during this presidential campaign. He's behaving as if a moment's thought is a moment wasted.

His impulsiveness was on display last week when he declared -- in the midst of the country's financial crisis -- that if he were president, he would fire Security and Exchange Commission chairman Christopher Cox. Only to be told that the president can't fire the SEC chairman.

He compounded the problem last Sunday night on "60 Minutes" when, out of the blue, he said he would consider appointing former Clinton administration HUD Secretary Andrew Cuomo to the SEC job.

"I've admired Andrew Cuomo" McCain said. "I think he is somebody who could restore some credibility, lend some bipartisanship to this effort." The Arizona senator added that as a member of Clinton's cabinet, Cuomo "did a good job. And he has respect. And he has prestige."

I wonder if McCain, before endorsing Cuomo for the SEC post, read the long piece on Cuomo's HUD tenure in the Village Voice last month.

Under the headline "Andrew Cuomo and Fannie and Freddie: How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis," investigative reporter Wayne Barrett charged that Cuomo "took actions that-in combination with many other factors-helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded 'kickbacks' to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why."

Cuomo reportedly would not answer Voice questions directly, but did respond through an intermediary. The piece, which reviews his decisions in depth, is a must read.

Especially by someone with the impulse to appoint Cuomo chairman of the SEC.

Cuomo is no stranger to me. I was a Post editorial board member during his service at HUD, as under secretary and then secretary. I got to know and like him for his dedication to addressing housing needs of the poor.

Most of our dealings centered around "The D.C. Initiative," a HUD-sponsored demonstration project that Cuomo launched, with much fanfare, in 1993. The project was designed to end homelessness in the nation's capital and billed as a model for the nation. The Post published numerous editorials tracking its progress and failings.

Cuomo wasn't a bad manager, but his program fell far short of the mark. It went through $20 million of HUD's money and $10 million of the city's own before it officially ended in March 1999.

District officials estimate that today's homeless population exceeds 5,000.

McCain was in Washington at the time. Does he remember this?

By Colbert King  | September 24, 2008; 11:14 AM ET
Categories:  King  | Tags:  Colbert King  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: The Unbelievable McCain Campaign (Continued)
Next: McCain's Debatable Proposal

Comments

Oh, my. The meltdown of McCain continues. Will this be picked up as a major news headline? Apparently not.

Posted by: DogBitez | September 24, 2008 2:00 PM | Report abuse

I'm a Democrat but not an ideolouge...

If Cuomo was a disaster he should be called out on it. If McCain thinks that he's a good pick in spite of that history...Shame on John.

Mr. King....Maybe McCain DOESN'T remember.

Posted by: willandjansdad | September 24, 2008 2:01 PM | Report abuse

It's worth noting that when Obama sought advice about the economic crisis, he turned to Rubin, Summers, Tyson, and Volker. McCain turned to Romney and Gramm.

Posted by: Howard K | September 24, 2008 2:10 PM | Report abuse

WOW,,!!!!!!

The village Voice, is a perfect point of reference for you Mr.King, the village idiot.

Posted by: Bishop TuTu | September 24, 2008 2:29 PM | Report abuse

McCain's judgment fails him when he tries to be bipartisan and makes nice to liberals.

Posted by: maverick | September 24, 2008 3:01 PM | Report abuse

The mainstream media have gone over the line and are now straight out propagandists for the Obama campaign. While they have been liberal and blinkered in their worldview for decades, in 2007-08 for the first time, the major media are consciously covering for one candidate for president and consciously knifing the other. This is no longer journalism — it is simply propaganda. (The American left-wing version of the Volkischer Beobachter cannot be far behind.) And as a result, we are less than seven weeks away from possibly electing a president who has not been thoroughly and even half way honestly presented to the country by our watchdogs — the press.

The image of Barack Obama that the press has presented is not a fair approximation of the real man. They have consciously ignored whole years in his life, and showed a lack of curiosity about such gaps that bespeaks a lack of journalistic instinct. Thus, the public image of Mr. Obama is of a "Man who never was." I take that phrase from a 1956 movie about a real life WWII British intelligence operation to trick the Germans into thinking the Allies were going to invade Greece, rather than Italy, in 1943. Operation "Mincemeat" involved the acquisition of a human corpse dressed as a Maj. William Martin, R.M. and put into the sea near Spain. Attached to the corpse was a brief-case containing fake letters suggesting that the Allied attack would be against Sardinia and Greece.

To make the operation credible, British intelligence created a fictional life for the corpse — a letter from a lover, tickets to a London theater, all the details of a life — but not the actual life of the dead young man whose corpse was being used. So, too, the man the media has presented to the nation as Mr. Obama is not the real man.

The mainstream media ruthlessly and endlessly repeats any McCain gaffes, while ignoring Obama gaffes. You have to go to weird little Internet sites to see all the stammering and stuttering that Mr. Obama needs before getting out a sentence fragment or two. But all you see on the networks is an eventual one or two clear sentences from Mr. Obama. Nor do you see Mr. Obama's ludicrous gaffe that Iran is a tiny country and no threat to us. Nor his 57 American states gaffe. Nor his forgetting, if he ever knew, that Russia has a veto in the United Nations. Nor his whining and puerile "come on" when he is being challenged. This is the kind of editing one would expect from Goebbels' disciples, not Cronkite's.

More appalling, NBC's "Saturday Night Live" suggested that Gov. Sarah Palin's husband had sex with his own daughters. That scene was written with the assistance of Al Franken, Democratic Party candidate for Senate in Minnesota. Talk about incest.


Democratic presidential candidate Sen.Barack Obama, D-Ill., greets supporters before his speech in downtown Charlotte, North Carolina on September 21, 2008. (UPI Photo/Nell Redmond)

But worse than all the unfair and distorted reporting and image projecting, is the shocking gaps in Mr. Obama's life that are not reported at all. The major media simply has not reported on Mr. Obama's two years at Columbia University in New York, where, among other things, he lived a mere quarter mile from former terrorist Bill Ayers— after which they both ended up as neighbors and associates in Chicago. Mr. Obama denies more than a passing relationship with Mr. Ayers. Should the media be curious? In only two weeks the media has focused on all the colleges Mrs. Palin has attended, her husband's driving habits 20 years ago and the close criticism of Mrs. Palin's mayoral political opponents. But in two years they haven't bothered to see how close Mr. Obama was with the terrorist Ayers.

Nor have the media paid any serious attention to Mr. Obama's rise in Chicago politics — how did honest Obama rise in the famously sordid Chicago political machine with the full support of Boss Daley? Despite the great — and unflattering details on Mr. Obama's Chicago years presented in David Freddoso's new book, the mainstream media continues to ignore both the facts and the book. It took a British publication, the Economist, to give Mr. Freddoso's book a review with fair comment.

The public image of Mr. Obama as an idealistic, post-race, post-partisan, well-spoken and honest young man with the wisdom and courage befitting a great national leader is a confection spun by a willing conspiracy of Mr. Obama, his publicist David Axelrod and most of the senior editors, producers and reporters of the national media.

Perhaps that is why the National Journal's respected correspondent Stuart Taylor has written that "the media can no longer be trusted to provide accurate and fair campaign reporting and analysis." That conspiracy has not only photo-shopped out all of Mr. Obama's imperfections (and dirtied up his opponent Mr. McCain's image), but it has put most of his questionable history down the memory hole.

The public will be voting based on the idealized image of the man who never was. If he wins, however, we will be governed by the sunken, cynical man Mr. Obama really is. One can only hope that the senior journalists will be judged as harshly for their professional misconduct as Wall Street's leaders currently are for their failings.

Posted by: Mark Garnett | September 24, 2008 3:08 PM | Report abuse

mccain's idiotic ramblings are never picked up because even MSM can't stand the sight of this lying ()^^( head and scumbag...and his women's right bashing backwards sex education hating, anti women's right to choose VP....whose first duty will be to institute women's veils....polygamy, and boys only schooling....git r dun

Posted by: POSITIVE CHANGE | September 24, 2008 3:41 PM | Report abuse

I wouldn't be throwing Andrew C. under the bus. I believe Barney Frank said this past weekend that it was Alan Greenspan who failed to properly crack down on Fannie and Freddie during his tenure. Also, when you ask if John M. remembers shouldn't you also be asking if Joe B. remembers?

Posted by: kalexander1 | September 24, 2008 4:03 PM | Report abuse

Given that McCain decided, at the ripe age of 43, to ditch his wife and marry into the corrupt Hensley-Marley-Lansky organized crime family to use that Arizona fortune and network - the same Arizona where Bonanno 'retired' - to launch his political career, can there be any doubt why McCain wants Cuomo?

Posted by: Deep Blue | September 24, 2008 4:07 PM | Report abuse

Bishop Toto wrote:

WOW,,!!!!!!

The village Voice, is a perfect point of reference for you Mr.King, the village idiot.
*********
Read the article, Bishop. You may need a preparatory tutorial first. Some serious stuff, but this is the same Mr.King who managed to get through the entire Hannity/Palin infomercial. Could we have expected any less?

The article is an excellent read for anyone with
a lot of patience, who dosn't mind running a scorecard to keep track of the multiple players and their positions.
A box of hankies is not absolutely necessary, but recommended.

I have read it once and am looking forward to understanding it on the second go-round.
Or maybe the Bishop could read it for the rest of it and explain it in layman's terms. Oh, sorry, almost forgot. You're a bishop.

Posted by: First Mate | September 24, 2008 4:28 PM | Report abuse

From:
Head of State
http://headofstate.blogspot.com/2008/09/mccain-trailing-in-polls-continues.html

Wednesday, September 24, 2008
McCain, Trailing in Polls, Continues Campaign By "Suspending" It

John McCain, trailing by 9 points in national polls, has announced that he is "suspending" his campaign.

Having lost significant ground to Obama on the issue of the economy, and facing a potentially defining and withering debate on Friday where he would be confronted on his statements on the economy that have led to this sharp decline, McCain has attempted to change the rules of the game, to erase many past errors through a putatively "unpolitical" move--something we have seen before.

A simple question: Under the same economic conditions, if McCain had been leading, does anyone believe that McCain would have "suspended" his campaign?

This is the ultimate in cynicism--using the current conditions in order to attempt to blunt a sharp decline and try to control the media dialogue, through a political act designed to avoid a potential political debacle. He is continuing his campaign--which was leading to loss in all directions--by "suspending" it. It is an attempt to silence media criticism and questions--and to prevent a debate on these issues that for him is sharply unfavorable.

McCain is attempting to avoid the debate in the face of this decline, through the type of evasion and lack of press access and communication that has characterized his campaign. It shows an extraordinary willingness to use difficult conditions to erase and avoid political errors, and serve political needs.

He surely would like to put off the debate, and attempt to create more favorable conditions for it. Don't be cowed.

Cite:
Head of State
http://headofstate.blogspot.com/2008/09/mccain-trailing-in-polls-continues.html

Posted by: Emily | September 24, 2008 4:30 PM | Report abuse

McCain probably didn't remember exactly why he liked Andrew Cuomo when the idea popped into his head (right there on camera) to suggest appointing him head of the SEC. It probably WAS all of the deregulated investing that Cuomo encouraged that McCain thought was a good thing - since he only discovered he opposed it last week!

Do people really have to ask now why this man crashed five jets during his Naval career? We don't need a daredevil President. No drama Obama for me!

Posted by: Chuck | September 24, 2008 4:53 PM | Report abuse

Get on with the debate.

McCain is losing and wants to change the game. He doesn't understand that we are the game.

He is pathetic, just while his VP Palin is getting 8 new pictures to show everyone how smart she is.

GO OBAMA

Posted by: Walter | September 24, 2008 5:04 PM | Report abuse

Mr. King:

I read your articles and I watch you on TV and I am constantly amazed that a "journalist" can continue to report in such a one-sided manner regardless of the facts that are presented.

I am proud at least that you are putting the blame for the current mortgage crisis where it belongs--on the Clinton Administration that signed the "Gramm-Leah-Bliley" Act which opened up the doors of deregulation for banks and wall street investors and former HUD Secretary Andrew Cuomo.

I hope you remember these facts when you try to blame Bush and Republicans for this current mess.

Once again, thanks for your insight.

Posted by: Erran Persley | September 24, 2008 6:33 PM | Report abuse

I thought McCain chose McPalin because of her astute judgment. What are her ideas for the economy? I just read an article today where he said she is well versed in all issues. Why is she waiting to wow us with her keen grasp of the economy?

Posted by: Adrasteia | September 24, 2008 6:37 PM | Report abuse

I am proud at least that you are putting the blame for the current mortgage crisis where it belongs--on the Clinton Administration that signed the "Gramm-Leah-Bliley" Act which opened up the doors of deregulation for banks and wall street investors and former HUD Secretary Andrew Cuomo.

I hope you remember these facts when you try to blame Bush and Republicans for this current mess.

Once again, thanks for your insight.

Posted by: Erran Persley | September 24, 2008 6:33 PM

Proud because Phil Gramm(R) and Leach (R)finally rammed the act through? Because Gramm had been working to pass it since the 80's? Proud because the legislation was veto proof?

So much to be proud of.

Posted by: Snake in Wyo | September 24, 2008 6:44 PM | Report abuse

Mike Garnett - I hope you get mental help very soon. The entire US media is against McCain - gee how have Bush & Cheyney run the country - by hidding everything...the NY Times is right so the GOP leads Nazi type attacks against the media. 91% of the populous think the economy is in the tank. The public is fedup with the GOP/Nazi attacks on the media, the press, phoney elites, and phoney enemies. McCain cancelling the debate is the last straw of a despirate candidate with a phoney agenda.

Posted by: Fla Joe | September 24, 2008 6:50 PM | Report abuse

As a conservative Republican student in New York that hears about Mr. Cuomo, I have to say I have been impressed with his tenure thus far as attorney general. He uncovered the preferential educational loan scandal and helped many consumers with his auction rate securities probe to name two things he has done. Certainly more valuable than our former governor who attempted to spy on the state senate majority leader and left office in disgrace for patronizing a prostitution ring. Regarding housing, if we exile everyone who shares blame we may not have a country:)

Posted by: Joe | September 24, 2008 8:12 PM | Report abuse

As a conservative Republican student in New York that hears about Mr. Cuomo, I have to say I have been impressed with his tenure thus far as attorney general. He uncovered the preferential educational loan scandal and helped many consumers with his auction rate securities probe to name two things he has done. Certainly more valuable than our former governor who attempted to spy on the state senate majority leader and left office in disgrace for patronizing a prostitution ring. Regarding housing, if we exile everyone who shares blame we may not have a country:)

Posted by: Joe | September 24, 2008 8:12 PM | Report abuse

Posted by: Mark Garnett Blah Blah Blah
___________________________________________
Hey HACK - you forgot to edit out the photo tag. If you're just going to past a whole article, why don't you just do it on red state or hot air, where the IQ level is so low no one will call you the IDIOT I'm calling you here. Get and idea, put it up or shut up.

Posted by: Anonymous | September 24, 2008 9:35 PM | Report abuse

Yo yo yo... jus finished my second bottle of ripple... dang that stuff be good. Now lemme aks you common folk a question... why y'all be given this po white girl all dis grief. She aint so bad. But it won't matter cuz my Barry be takin over da white house. We gonna re-paint that mo-fo, you can count on dat fo sho. Dem white columns gonna look smokin in deep purple. Put some fine shag carpet up in the Lincoln bedroom in honor of da man dat freed us. Barry says he gonna have a paintin of (in his words) my "fine nubian bod" on da wall. Can't wait to see the limo with dem spinners on it... mmm mmm mmm, dat gonna be one sweet ride. We won't be able to hear the press tho cuz the rap music be playin too loud. Got a special plan fo all you common folk tho... instead of a rebate check, we be sendin out KFC coupons! You can thank me later.

Posted by: Michelle Obama | September 24, 2008 10:33 PM | Report abuse

THEY NEED TO RETIRE JOHN MCCAIN.... SERIOUSLY. WE CAN'T AFFORD FOR HIM TO BE PRESIDENT OF THIS GREAT COUNTRY WITH SARAH PALIN, THEN ANDREW CUOMO...AND WHO ELSE IS NEXT????? MCCAIN'S JUDGEMENT IS OFF KEY.
I TRULY BELIEVE THIS MCCAIN PERSON HAS NO BUSINESS RUNNING THIS COUNTRY.

Posted by: Prudence Russell | September 25, 2008 4:23 AM | Report abuse

From:
Head of State
http://headofstate.blogspot.com/2008/09/what-suspending-my-campaign-actually.html

Wednesday, September 24, 2008
What "Suspending My Campaign" Actually Means

From the Chicago Tribune:

John McCain's sudden "suspension'' of his campaign and his call for a postponement of the premier campaign debate Friday night has sparked a round of criticism from people asking why the presidential candidate cannot manage a financial crisis and a debate at the same time.

"Among them: "Late Night's'' David Letterman, who told his own audience in taping at CBS today that he was hoping to see the Republican nominee for president but McCain called him to say that he had to rush back to Washington to deal with the nation's financial crisis. Then, as Letterman told it, he got word that in fact McCain was down the hall sitting for an interview with his colleague at CBS, Evening News anchor Katie Couric, which aired this evening."

And the Top 10 most cynical methods for avoiding a drop in the polls tonight are...

Cite:
Head of State
http://headofstate.blogspot.com/2008/09/what-suspending-my-campaign-actually.html

Posted by: Cara Prado | September 25, 2008 6:15 AM | Report abuse

Geez, I wonder who Mr. King is voting for.

Posted by: ej_smug | September 25, 2008 8:02 AM | Report abuse

Famous Quotes:

"When's the last time we elected a president based on one year of service in the senate before he started running?"
--Bill Clinton

"When that phone rings, whether it's 3pm or 3am, in the white house, there is no time for speeches or on-the-job training."
--Hillary Clinton

"I think he can be ready, but right now I don't believe he is, the presidency is not something that lends itself to on-the-job training."
--Joe Biden

Asked in a second interview days later...
"I stand by my statement."
--Joe Biden

"Senator McCain will bring a lifetime of experience. I will bring a lifetime of experience. And senator Obama will bring a speech that he gave in 2002."
--Hillary Clinton

"I am a believer in knowing what you're doing when you apply for a job. And I think that if I were to seriously consider running on the national ticket I would essentially have to start now, before having served a day in the senate. Now there are some people that might be comfortable doing that, but I'm not one of them."
--Barack Obama

Source: http://www.youtube.com/watch?v=2pPNJdOdklk

Posted by: Michelle Obama | September 25, 2008 8:04 AM | Report abuse

Michelle Obama's posting is the best one yet! Direct quotes and all :-)

Fist bump to you Michelle!

Posted by: ChicagoResident | September 25, 2008 9:27 AM | Report abuse

Thank you ChicagoResident.

MCCAIN/PALIN

Posted by: Michelle Obama | September 25, 2008 9:38 AM | Report abuse

Look, I've said a few things that weren't exactly "historically accurate." But who hasn't? Besides... are you SURE that FDR wasn't president at the time? Maybe the books have it wrong. Regardless, I think the real issue here that many Americans are facing is having to look at my shiny bald head every time I turn around. Many a voter has complained that the sun gets directed right into their eyes when I turn and I apologize for that. I'm trying to use rogaine, but it's just not doing the trick for me.

MCCAIN/PALIN

Posted by: Joey Biden | September 25, 2008 9:58 AM | Report abuse

Given the last 8 years and the mess we are in, why would anyone with a clear mind will vote for a Republican candidate?

Posted by: Curtis | September 25, 2008 10:26 AM | Report abuse

Then again, with the small amount of experience in NObama, why would anyone vote democrat?

RON PAUL

Posted by: Curtis | September 25, 2008 10:28 AM | Report abuse

The mainstream media ruthlessly and endlessly repeats any McCain gaffes, while ignoring Obama gaffes. You have to go to weird little Internet sites to see all the stammering and stuttering that Mr. Obama needs before getting out a sentence fragment or two. But all you see on the networks is an eventual one or two clear sentences from Mr. Obama. Nor do you see Mr. Obama's ludicrous gaffe that Iran is a tiny country and no threat to us. Nor his 57 American states gaffe. Nor his forgetting, if he ever knew, that Russia has a veto in the United Nations. Nor his whining and puerile "come on" when he is being challenged. This is the kind of editing one would expect from Goebbels' disciples, not Cronkite's.

Posted by: Joey Biden | September 25, 2008 1:09 PM | Report abuse

If only NOBAMA was in office instead of Clinton when I was interning... that would have been sweet!

Posted by: Monica Lewinsky | September 25, 2008 2:16 PM | Report abuse

“......Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why."

This is undeniably the most ignorant statement I have read on the subject. The only possible reason any family would be facing foreclosure is failure to make their payments in a timely manner. Unless Mr. Cuomo stole money from their bank accounts he cannot be blamed.

I have no sympathy for fools who fail to read the fine print before signing or speculators who assumed that rapidly escalating real estate values would allow a refinance on more favorable terms. It’s real simple; if you can’t afford the payments, don’t buy it. Scapegoating politicians for our personal problems has become a national pastime.

The only innocent victims of this crisis are those trusting souls who invested their savings in these mismanaged financial institutions.

Posted by: dcn1 | September 25, 2008 7:36 PM | Report abuse

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