Here's Rick Davis explaining that he didn't lobby for Freddie Mac and Fannie Mae for $2 million. He only headed up the lobbying organization. He didn't lobby, just ran the lobbying organization.

This is from the McCain conference call this morning. And following Davis, here's McCain enforcer Steve Schmidt. He realizes Davis's answer is laughable. So he doesn't even try to defend Davis and launches off on the Times (note: audio has had spittle removed for your protection)...

Getting pegged as liars makes Schmidt and Davis really, really mad.

Late Update: For more on why Davis and Schmidt are upset, note the quote from the former Fannie Mae spokesman who notes that Davis "didn't really do anything" for the money. "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."

Ch-Ching ...