McCain's Campaign Manager Paid $2 Million To Do...Nothing?

Daily Kos Staff

Monday September 22, 2008 · 10:40 AM PDT

2008/09/22 · 10:40

As the depth of our financial crisis has unfolded over the past week, the drip, drip, drip of bad news has steadily rained down on John McCain's head. And now, after trying to falsely link Barack Obama to Fannie Mae, today's news has to be filed under, you can't make this stuff up:

Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say. [...]

"The value that he brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again," said Robert McCarson, a former spokesman for Fannie Mae, who said that while he worked there from 2000 to 2002, Fannie Mae and Freddie Mac together paid Mr. Davis’s firm $35,000 a month. Mr. Davis "didn’t really do anything," Mr. McCarson, a Democrat, said.

Rick Davis was paid nearly $2 million to...well, to do nothing except provide access to John McCain. And now that the government is getting ready to spend $700 billion to clean up the mess deregulation caused, it seems that that access has really paid off.

[See more on this in Sotally Tober's diary]

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