The ever ignorant John McCain, after being all over the map on the bank failures last week and in an interview on 60 minutes, is still all in for the failures that brought this economy down:
In the wake of last week’s financial meltdown, Sen. John McCain (R-AZ) has been calling for more regulation and criticizing lax oversight of Wall Street, despite the fact that he and former senator Phil Gramm passed much of the deregulatory reforms that led to the current crisis. Interviewed on CBS today, however, McCain said he does not “regret” championing the deregulation of Wall Street.Our economy is in the dumpster and John deregulation McCain still supports what is a proven failure. A failure he pushed for.
- Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?
- McCAIN: No. I think the deregulation was probably helpful to the growth of our economy.
Now... If that isn't enough to make you realize just how republicanly ignorant McCain is when it comes to wasting your tax money, remember that not only was McCain betting on privatizing your Social Security, dumping your secure money into the market madness John dergulation McCain created, but McCain is also all for expanding the same kind of incompetent deregulation to the health care industry:
The article, which appeared under Sen. McCain's name, included a favorable reference to banking deregulation that, in light of this week's near-meltdown in the financial industry, provided an irresistible target for Sen. Obama's campaign and once again put McCain on the defensive. McCain's campaign accused Obama of manufacturing an attack by deliberately misreading the Republican's words.Well... Just so you don't "misread" McCain's own words let us look at exactly what he said, OK?
"Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."Expect multiple contortions and flip-flops from McCain in order to try and run and hide from his failed positions over the next few days.
- John deregulation McCain
Democrat Barack Obama criticized Republican presidential rival John McCain on Saturday for his past advocacy of deregulation, ties to lobbyists and support for partial privatization of the Social Security system many of Florida's elderly residents depend on.
The Democratic presidential nominee used McCain's words to portray him as an opponent of federal regulation of the banking industry.
McCain, a 26-year veteran of Congress with a long history of opposition to such regulation, now says more controls are needed to prevent a repeat of the financial turmoil that sent the stock market plunging this past week.
"There's only one candidate who's called himself 'fundamentally a deregulator' when deregulation is part of the problem," Obama said during an appearance at Bethune-Cookman University, arranged to highlight his campaign's effort to reach out to women voters.