ABC News:

Sen. John McCain on Friday abruptly cancelled a Monday fundraiser that had been scheduled at the home of a Texas oilman, after ABC News contacted the campaign inquiring about a verbal blunder the Texan made during an unsuccessful 1990 campaign for governor.

Clayton Williams stirred controversy during his 1990 campaign for governor of Texas with a botched attempt at humor in which he compared rape to weather. Within earshot of a reporter, Williams said: “As long as it's inevitable, you might as well lie back and enjoy it.”

His Democratic opponent at the time, the late Ann Richards -- who, coincidentally, would lose the governor’s mansion to George W. Bush in 1994 -- highlighted the comments in a TV ad during that 1990 campaign. (see above)

McCain campaign spokesman Brian Rogers said the Monday event was being cancelled, given the offensive comments. He said he could not yet say what McCain would do with donations brought into the campaign by Williams.

"These were obviously incredibly offensive remarks that the campaign was unaware of at the time this event was scheduled," Rogers said. He added that Williams apologized for the comments back in 1990, but he said that does not excuse them.

Williams told the Midland Reporter-Telegram recently that he had already raised more than $300,000 for McCain and the fundraiser to be held at his home in Midland. Williams said that he needed to help McCain raise money to stop an Obama campaign that would enact “socialist” policies if elected to office.