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Ayersgate

proper noun; blending and clipping
scandal surrounding the alleged associations of presidential candidate Obama with the terrorist Ayers
 
developed to compare allegations against Obama to the scandals of the late Nixon administration, probably in order to make them appear more serious
Etymology : blending of Ayers with gate, clipped from Watergate as in the scandal surrounding the late Nixon administration
Source : Some blog in October of 2008.
Last modified: 4 December 2008