http://hosted.ap.org/dynamic/stories/O/OBAMA?SITE=CONGRA&SECTION=HOME&TEMPLATE=DEFAULTObama allies warn GOP to back off attacks.
By CHARLES BABINGTON
Associated Press Writer
ASHEVILLE, N.C. (AP) -- Barack Obama's allies warn that John McCain's attacks on the Democrat's character will lead to the political equivalent of mutual assured destruction: fire your big weapon at your own peril.
Several Obama surrogates said his supporters may start reminding voters of McCain's ties to Charles Keating, a convicted savings and loan owner whose actions two decades ago triggered a Senate ethics investigation that involved McCain as one of the "Keating Five."
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McCain and his aides, Obama said, "are gambling that he can distract you with smears rather than talk to you about substance.
They'd rather try to tear our campaign down than lift this country up. It's what you do when you're out of touch, out of ideas, and running out of time."Noting the nation's serious economic problems, Obama said: "Yet instead of addressing these crises, Senator McCain's campaign has announced that they plan to turn the page on the discussion about our economy and spend the final weeks of this campaign launching Swiftboat-style attacks on me."
Obama has denounced Ayers' radical views and activities. However, Ayers hosted a small gathering for Obama in 1995, early in his political career. Obama and Ayers live in the same Chicago neighborhood and served on a charity board together, but there is no evidence they have palled around.
Rep. Rahm Emanuel, a Chicago Democrat and Obama supporter, warned against McCain's strategy.
"If we are going to go down this road, you know, Barack Obama was eight years old, somehow responsible for Bill Ayers," he said. "At 58, John McCain was associating with Charles Keating."
"If we really want to talk who is associating with who, we will," Emanuel said. "The American people will lose in that transaction."
Just months into his Senate career, in the late 1980s, McCain made what he has called "the worst mistake of my life." He participated in two meetings with banking regulators on behalf of Keating, a friend, campaign contributor and S&L financier who was later convicted of securities fraud.